Agencies finalize large bank stress testing guidance
The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on Monday issued final supervisory guidance regarding stress-testing practices at banking organizations with total consolida…
Federal Reserve Board issues final rule on annual capital plans, launches 2012 review
The Federal Reserve Board on Tuesday issued a final rule requiring top-tier U.S. bank holding companies with total consolidated assets of $50 billion or more to submit annual capital plans for review.
Also, the Federal Re…
Agencies clarify supervisory and enforcement responsibilities for federal consumer financial laws
Credit quality of large loan commitments improves for second consecutive year
The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks improved in 2011 for the second consecutive year, according to the Shared National Credits (SNC) Review for 201…
Federal Reserve Board proposes phase-in period for most savings and loan holding companies to file regulatory reports
The Federal Reserve Board is proposing a two-year phase-in period for most savings and loan holding companies (SLHCs) to file Federal Reserve regulatory reports with the Board and an exemption for some SLHCs from initially filing Federal Reserv…
Board issues interim final rule establishing regulations for savings and loan holding companies
The Federal Reserve Board on Friday issued an interim final rule establishing regulations for savings and loan holding companies (SLHCs). The rule will take effect once it is published in the Federal Register, which is expected soon.
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Agencies issue guidance on federal debt
Earlier today, Standard & Poor’s rating agency lowered the long-term rating of the U.S. government and federal agencies from AAA to AA+. With regard to this action, the federal banking agencies are providing the following guidance to banks,…
Federal Reserve seeks comment on proposal setting standards for banking organizations engaging in certain types of foreign exchange transactions
The Federal Reserve Board is seeking comment on a proposal that sets standards for banking organizations regulated by the Federal Reserve that engage in certain types of foreign exchange transactions with retail customers.
The …
Federal Reserve seeks comment on notice outlining regulations previously issued by the Office of Thrift Supervision
The Federal Reserve Board is seeking comment on a notice that outlines the regulations previously issued by the Office of Thrift Supervision (OTS) that the Federal Reserve will continue to enforce after assuming supervisory responsibility for s…