District Circular Letters
The Federal Reserve Bank of San Francisco uses circular letters to communicate new policies and announcements to institutions in the Twelfth Federal Reserve District.
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Federal Banking Regulators Finalize Joint Supplemental Guidance on Income Tax Allocation Agreements
Federal Reserve Bank of San Francisco
On June 13, 2014, Federal banking regulators issued final supplemental guidance on income tax allocation agreements involving holding companies and insured depository institutions, unchanged from the proposal issued late last year.
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CA 14-3 Interagency Statement on Increased Maximum Flood Insurance Coverage for Other Residential Buildings
Federal Reserve Bank of San Francisco
On May 30, 2014, the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the National Credit Union Administration, and the Farm Credit Administration (Agencies) issued an interagency statement regarding the new National Flood Insurance Program (NFIP) maximum limit of flood insurance coverage for non-condominium residential building designed for use for five or more families, which are classified as “Other Residential Buildings” by the NFIP.
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Federal Reserve Announces New Schedule Margins Applicable Collateral Pledged Depository Institutions
Federal Reserve Bank of San Francisco
The Federal Reserve System is announcing new collateral margins for discount window lending and payment system risk purposes, effective July 1, 2014. These changes stem from the most recent review of margins and valuation practices that the Federal Reserve periodically conducts, as well as the incorporation of updated market data.
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FFIEC: OpenSSL “Heartbleed” Vulnerability Alert
Federal Reserve Bank of San Francisco
On April 10, 2014, the Federal Financial Institutions Examination Council (FFIEC) members, which include the Board of Governors of the Federal Reserve System, issued an alert on OpenSSL “Heartbleed” Vulnerability.
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CA 14-2 Revised Interagency Large Institution CRA Examination Procedures and Consolidation of Interagency CRA Examination Procedures and Supporting Materials
Federal Reserve Bank of San Francisco
The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (Agencies) recently approved the attached interagency Large Institution Community Reinvestment Act (CRA) examination procedures.
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Small Entity Compliance Guide for the TILA-RESPA Integrated Disclosure Rule
Federal Reserve Bank of San Francisco
On March 31, 2014, the Consumer Financial Protection (CFPB) released its Small Entity Compliance Guide for the TILA-RESPA Integrated Disclosure Rule (Rule).
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SR 14-2 / CA 14-1 Enhancing Transparency in the Federal Reserve’s Application Process
Federal Reserve Bank of San Francisco
On February 24, 2014, the Federal Reserve issued SR letter 14-2/CA letter 14-1, Enhancing Transparency in the Federal Reserve’s Applications Process. This guidance provides financial institutions and the public with a better understanding of the Federal Reserve’s approach to filings that do not satisfy statutory requirements for approval of the proposed transaction or possibly raise […]
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Agencies Issue Final Dodd-Frank Act Stress Test Guidance for Medium-Sized Firms
Federal Reserve Bank of San Francisco
On March 5, 2014, the Board of Governors of Federal Reserve System and two other federal bank regulatory agencies issued final guidance describing supervisory expectations for stress tests conducted by financial companies with total consolidated assets between $10 billion and $50 billion.
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Federal Reserve Plans to Conduct a Series of Seven-day Term Deposit Operations in March Under the Term Deposit Facility (TDF)
Federal Reserve Bank of San Francisco
On February 21, 2014, the Federal Reserve announced plans to conduct a series of seven-day term deposit operations in March under the Term Deposit Facility (TDF) as part of the ongoing program of small-value offerings announced on September 8, 2010.
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Federal Reserve Board Approves Final Rule Strengthening Supervision and Regulation of Large U.S. Bank Holding Companies and Foreign Banking Organizations
Federal Reserve Bank of San Francisco
On Tuesday, February 18, 2014, the Federal Reserve Board approved a final rule strengthening supervision and regulation of large U.S. bank holding companies and foreign banking organizations.