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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Interagency Supervisory Guidance Addressing Certain Issues Related to Troubled Debt Restructurings
Federal Reserve Bank of San Francisco
The Federal Reserve, together with the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency, (the agencies) has issued the attached guidance, which addresses certain issues related to the accounting treatment, and regulatory credit risk grade or classification of commercial and residential real estate loans that […]
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Federal Reserve Board Proposes Rule to Strengthen Liquidity Positions of Large Financial Institutions
Federal Reserve Bank of San Francisco
On Thursday, October 24, 2013, the Federal Reserve Board proposed a rule to strengthen the liquidity positions of large financial institutions.
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Federal Financial Regulators Proposing Joint Standards for Assessing Diversity Policies and Practices of Regulated Entities Pursuant to Section 342 of the Dodd-Frank Act
Federal Reserve Bank of San Francisco
The Board of Governors of the Federal Reserve System and five other federal financial regulatory agencies are proposing joint standards for assessing the diversity policies and practices of the institutions they regulate.
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CA 13-15 Federal Regulators Provide Guidance on Qualified Mortgage Fair Lending Risks
Federal Reserve Bank of San Francisco
On Tuesday, October 22, 2013, five federal regulatory agencies issued a statement to address industry questions about fair lending risks associated with offering only Qualified Mortgages.
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Federal Regulatory Agencies Request Comment on Proposed Flood Insurance Rule
Federal Reserve Bank of San Francisco
Five federal regulatory agencies are issuing a joint notice of proposed rulemaking to amend regulations pertaining to loans secured by properties located in special flood hazard areas. The proposed rule would implement certain provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters) with respect to private flood insurance, the escrow of flood insurance […]
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Regulators Encourage Institutions to Work with Borrowers Affected by Government Shutdown
Federal Reserve Bank of San Francisco
On October 9, 2013, five federal regulatory agencies issued a press release encouraging institutions to work with borrowers affected by the shutdown of the federal government.
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Federal Reserve Board Issues Interim Final Rules Clarifying how Companies should Incorporate Basel III Reforms into Capital and Business Projections
Federal Reserve Bank of San Francisco
On Tuesday, September 24, 2013, the Federal Reserve Board issued two interim final rules that clarify how companies should incorporate the Basel III regulatory capital reforms into their capital and business projections during the next cycle of capital plan submissions and stress tests.
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Results of Director Elections
Federal Reserve Bank of San Francisco
This letter is in regard to the election of directors of this Bank to succeed Ms. Betsy Lawer, a Class A director, elected by banks in Group Two, and Ms. Nicole C. Taylor, a Class B director, elected by banks in Group One, whose terms end on December 31, 2013, respectively. These elections have been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act and the provisions of the circulars issued by this office dated July 17 and September 5, 2013.
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CA 13-14 Interagency Guidance on Privacy Laws and Reporting Financial Abuse of Older Adults
Federal Reserve Bank of San Francisco
On September 24, 2013, the Federal Reserve issued the attached statement, Interagency Guidance on Privacy Laws and Reporting Financial Abuse of Older Adults, to clarify the applicability of privacy provisions of the Gramm-Leach-Bliley Act (GLBA) to reporting suspected financial exploitation of older adults.
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CFPB Finalizes 2013 Mortgage Rule Modifications Initially Proposed in June 2013
Federal Reserve Bank of San Francisco
On September 13, 2013, the Consumer Financial Protection Bureau (CFPB) finalized a rule amending the 2013 Mortgage Rules under the Equal Credit Opportunity Act (Regulation B), Real Estate Settlement Procedures Act (Regulation X), and the Truth in Lending Act (Regulation Z). The rule, which in connection with a proposed rule issued on June 24, 2013, […]