District Circular Letters

The federal bank regulatory agencies announced on December 21, 2010, the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments for banks are required by the CRA rules.

The Federal Reserve Board on Monday, December 20, 2010, published its annual notice of the asset-size exemption threshold for depository institutions under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).

The Federal Reserve Board on December 22, 2010, approved an interim rule amending Regulation Z, which implements the Truth in Lending Act (TILA). The Board is issuing this interim rule to clarify certain aspects of a September 24, 2010 interim rule, in response to public comments.

The Federal Reserve Bank of San Francisco, acting under delegated authority, has approved the application of FirstBank of Arizona, Inc., Phoenix, Arizona, for membership in the Federal Reserve System.

This letter is in regard to the election of directors of this Bank to succeed Mr. William D. Jones, a Class B director, elected by banks in Group One, and Mr. Arnold T. Grisham, a Class A director, elected by banks in Group Two, whose terms end on December 31, 2010, respectively. These elections have […]

The Federal Reserve Board on Thursday, November 4, 2010 established the Office of Financial Stability Policy and Research and appointed Board economist J. Nellie Liang as its director.

In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement dated October 8, 2010, in regard to the election of directors of this Bank to succeed Mr. William D. Jones, a Class B director, elected by banks in Group One, and Mr. Arnold T. Grisham, a Class A director, […]

The Federal Reserve Board on November 17, 2010 requested comment on a proposed rule to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that give banking firms a defined period of time to conform their activities and investments to the so-called Volcker Rule.

The Federal Reserve Board announced on October 26, 2010 the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2011. These amounts are used in the calculation of reserve requirements of depository institutions. The Board also announced the annual indexing of the nonexempt deposit cutoff level and the reduced […]

The Federal Reserve Board announced on October 18, 2010 an interim final rule to ensure that real estate appraisers are free to use their independent professional judgment in assigning home values without influence or pressure from those with interests in the transactions. The rule also seeks to ensure that appraisers receive customary and reasonable payments […]