District Circular Letters

On October 29, 2013, the Federal Reserve issued SR 13-18 Uniform Agreement on the Classification and Appraisal of Securities Held by Depository Institutions.

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 […]

On Thursday, October 24, 2013, the Federal Reserve Board proposed a rule to strengthen the liquidity positions of large financial institutions.

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.

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.

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 […]

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.

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.

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.

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.