District Circular Letters

On Tuesday, July 2, 2013, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board made available the public portions of resolution plans for four firms with U.S. nonbank assets between $100 billion and $250 billion.

On Monday, July 1, 2013, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued the host state loan-to-deposit ratios that the banking agencies will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act […]

On Tuesday, July 2, 2013, the Federal Reserve Board approved a final rule to help ensure banks maintain strong capital positions that will enable them to continue lending to creditworthy households and businesses even after unforeseen losses and during severe economic downturns.

On June 24, 2013, the Consumer Financial Protection Bureau (CFPB) issued a proposal to amend certain mortgage rules that were issued in January 2013. Comments on the proposal must be received on or before July 22, 2013.

The Federal Reserve Board on Tuesday proposed new data collection requirements related to selected money market instruments. To assist the Federal Reserve in monitoring money market conditions, the proposal would require insured depository institutions with total assets of $26 billion or more, and U.S. branches and agencies of foreign banks with third party assets of […]

The purpose of this letter is to update and clarify existing examiner guidance concerning the communication of supervisory findings to banking organizations and institutions supervised by the Federal Reserve (collectively referred to as “banking organizations” or “organizations” in the guidance). The attached guidance discusses the Federal Reserve’s standard language for examination/inspection findings, which improves the […]

On June 5, 2013, the Federal Reserve Board approved an interim final rule clarifying the treatment of uninsured US branches and agencies of foreign banks under the so-called swaps push-out provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

On Friday, June 7, 2013, the Federal Reserve Board published SR Letter 13-12 as a reminder to supervised institutions that they need to consider new swap clearing rules developed by the CFTC. Section 723 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) added section 2(h) to the Commodity Exchange Act (CEA), […]

On Tuesday, June 18, 2013, the federal bank and thrift regulatory agencies announced the availability of the 2013 list of distressed or underserved nonmetropolitan middle-income geographies where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as “community development.”

On June 6, 2013, the Federal Reserve Board issued CA 13-9, which transmits the revised examination procedures for Regulation Z. The revised procedures reflect the following amendments and adjustments to Regulation Z.