Past District Notice Summaries

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2002 Notice Summaries

December 2002
02-70	The Federal Financial Institutions Examination Council announced the availability of the September 2002 Uniform Bank Performance Reports
02-69	The Board of Governors of the Federal Reserve System requested public comment on proposed revisions to the Official Staff Commentary to Regulation Z (Truth in Lending).
02-68	The Board of Governors of the Federal Reserve System announced appointments to the Thrift Institutions Advisory Council for 2003.
02-67	The Board of Governors of the Federal Reserve System announced a proposal to amend Regulation W (Transactions Between Member Banks and Their Affiliates).
02-66	The Board of Governors of the Federal Reserve System published amendments to Regulation D (Reserve Requirements of Depository Institutions).
02-65	The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision issued an interagency advisory on the accounting treatment of accrued interest receivable related to credit card securitizations.
02-64	The Board of Governors of the Federal Reserve System, along with other federal financial institutions supervisory agencies, issued a joint notice concerning a moratorium on section 314(a) of the USA PATRIOT Act.

November 2002
02-63	The Board of Governors of the Federal Reserve System published final amendments to Regulation A (Extensions of Credit by Federal Reserve Banks), which are effective January 9, 2003.
02-62	The Board of Governors of the Federal Reserve System published a SR letter that describes the most important provisions of the Sarbanes-Oxley Act of 2002.
02-61	The Federal Reserve Bank of Dallas published the fee schedules for 2003, which are effective January 2, 2003.

October 2002
02-60	The Federal Reserve Bank of Dallas announced the results of the election of its Board of Directors.
02-59	The Federal Reserve Bank of Dallas announced the availability of a brochure that explains the Electronic Transfer Account program.
02-58	The Board of Governors of the Federal Reserve System announced the appointment of the chairmen and deputy chairmen of the Federal Reserve Banks for 2003.
02-57	The Federal Reserve Bank of Dallas announced that effective September 19, 2003, distribution of FedACH output files would occur four times per day.
02-56	The Federal Reserve Bank of Dallas announced that the 2002 Eleventh District Salary Survey Reports are available.
02-55	Bank regulators published a joint press release announcing a continued increase in adversely classified syndicated bank loans.
02-54	The Board of Governors of the Federal Reserve System published amendments to the Official Staff Commentary on Regulation Z (Truth in Lending).
02-53	The Federal Reserve Bank of Dallas announced the Report of Nominations (Voting Procedures) for the Election of Directors.
02-52	The Board of Governors of the Federal Reserve System published an interim rule with request for public comment on section 12(i) of the Securities Exchange Act of 1934.

September 2002
02-51	The Federal Financial Institutions Examination Council announced that the June 30, 2002, Uniform Bank Performance Reports are now available online.
02-50	The Federal Reserve System announced the results of its reassessment of the margins used in the valuation of collateral pledged to the U.S. Treasury and the Federal Reserve for Treasury Programs, Discount Window, and Payments System Risk purposes.
02-49	The Board of Governors, the Department of the Treasury, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission requested public comment on a draft White Paper titled Sound Practices to Strengthen the Resilience of the U.S. Financial System.
02-48	The Board of Governors of the Federal Reserve System announced its decision not to pursue certain policy options as part of a potential longer-term direction for its payments system risk policy.
02-47	The Federal Reserve Bank of Dallas announced that FedACHSM Information Services is now available via FedLine® for the Web, the new online tool that provides rapid, flexible, and powerful access to Federal Reserve financial services.

August 2002
02-46	The Federal Reserve System announced amendments to the appendices or agreements to Operating Circular 1, Account Relationships, effective September 1, 2002.
02-45	The Federal Financial Institutions Examination Council announced the availability of data on small business, small farm, and community development lending. In addition, the FFIEC announced the availability of 2001 data on mortgage lending transactions.
02-44	The Federal Reserve Bank of Dallas announced the 2003 Eleventh District holiday schedule.
02-43	The Federal Reserve Bank of Dallas announced that it would begin offering a new deposit option to financial institutions.
02-42	The Federal Reserve Bank of Dallas issued nomination procedures for the election of directors.
02-41	The Board of Governors, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision requested comment on a proposed interagency credit card guidance.
02-40	The Board of Governors, the Department of the Treasury, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration jointly issued a proposed regulation. The proposed regulation, which applies to banks, savings associations, and credit unions, will implement section 326 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001.
02-39	The Board of Governors of the Federal Reserve System published slip-sheet amendments to Regulation Z (Truth in Lending), effective April 9, 2002; new pamphlets for the Capital Adequacy Guidelines, effective April 1, 2002, and July 1, 2002; the Official Staff Commentary on Regulation Z, effective April 9, 2002; and Regulation Y (Bank Holding Companies and Change in Bank Control).

July 2002
02-38	The Board of Governors of the Federal Reserve System issued guidance regarding indemnification agreements and payments.
02-37	The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision issued account management and loss allowance guidance for credit card lending.
02-36	The Federal Financial Institutions Examination Council announced the availability of the Uniform Bank Performance Reports.
02-35	The Board of Governors published technical amendments, effective January 1, 2003, to Regulation C (Home Mortgage Disclosure), requiring lenders to ask applicants their race or national origin and sex in applications taken by telephone, conforming the telephone application rule to the rule applicable to mail and Internet applications. Also, the Board established thresholds for determining the loans for which financial institutions must report loan pricing.
02-34	The Federal Reserve Bank of Dallas announced changes in classification of member banks in the Eleventh District for the purposes of nominating and electing Class A and Class B directors to its board of directors.
02-33	The Board of Governors of the Federal Reserve System invited the public to nominate qualified individuals for appointment to its Consumer Advisory Council.
02-32	The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation issued final regulations amending their rules that currently prohibit interstate branches from being used primarily for deposit production.

June 2002
02-31	The Bureau of Engraving and Printing issued a letter regarding the work under way on the next generation of redesigned Federal Reserve notes.
02-30	The federal banking agencies jointly developed a question-and-answer document on the capital treatment of recourse, direct credit substitutes, and residual interests in asset securitizations.
02-29	The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision issued an interagency guidance on implicit recourse in asset securitizations.
02-28	The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision issued an interagency advisory on the unsafe and unsound use of covenants tied to supervisory actions in securitization documents.
02-27	The Board of Governors of the Federal Reserve System issued an advisory highlighting the dangers associated with investing or participating in questionable transactions ("prime bank" and other financial instrument fraud schemes) that promise unrealistically high rates of return.
02-26	The federal banking agencies identified inconsistencies in the regulatory capital treatment of accrued interest receivables related to credit card securitizations and have developed guidance that clarifies the appropriate risk-based capital treatment for banking organizations that securitize credit card receivables and record on-balance sheet assets.
02-25	The Federal Reserve System announced fees, effective January 1, 2003, for accessing financial services via FedLine for the Web.

May 2002
02-24	The Board of Governors of the Federal Reserve System requested public comment on a proposed amendment to Regulation A that would replace the existing adjustment and extended credit programs with new discount window programs called primary credit and secondary credit, respectively.
02-23	The Board of Governors of the Federal Reserve System and the Securities Exchange Commission requested public comments on an interagency white paper titled Structural Change in the Settlement of Government Securities: Issues and Options.
02-22	The Board of Governors of the Federal Reserve System announced the delay of the effective date on amendments to Regulation C (Home Mortgage Disclosure).

April 2002
02-21	The federal bank and thrift regulatory agencies issued guidance setting forth an approach for supervising the risks of parallel-owned banking organizations.
02-20	The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision amended their risk-based capital standards for banks, bank holding companies, and savings associations regarding the risk weighting of claims.
02-19	The Federal Reserve Banks amended Operating Circular No. 5, Electronic Access, effective June 1, 2002. The revised operating circular will govern electronic access to Reserve Bank services.
02-18	The Federal Reserve System announced new information gateways that provide Federal Reserve account management and service charge information via the Internet as part of the FedLine® for the Web access channel.
02-17	The Board of Governors of the Federal Reserve System published revisions to the official staff commentary to Regulation Z, which implements the Truth in Lending Act.
02-16	The federal financial institutions supervisory agencies announced that the financial institutions they supervise should follow the guidance issued by the U.S. Securities and Exchange Commission regarding auditing and accounting work performed by Arthur Andersen LLP.

March 2002
02-15	The Financial Crimes Enforcement Network (FinCEN) issued an interim rule that encourages information sharing among financial institutions regarding terrorist activities and money laundering. Also, FinCEN requested public comment on proposed provisions identical to the interim rule, as well as proposed regulations to implement the provisions of section 314(a) of the USA Patriot Act, which concerns enhanced cooperation between financial institutions and federal law enforcement agencies to detect terrorist and money laundering activities.
02-14	The federal bank supervisory agencies and the Conference of State Bank Supervisors announced an interagency effort to improve the efficiency of the examination process by standardizing the request for electronic loan information.
02-13	The Board of Governors of the Federal Reserve System announced that it would not apply section 9 of the Federal Reserve Act to prohibit a state member bank from acquiring equity securities to hedge its customer-driven equity derivative transactions entered into by the bank with any unaffiliated third party if such purchases are made in accordance with the conditions and restrictions applicable to national banks.
02-12	The Federal Reserve Bank of Dallas announced a new option for coin deposits by depository institutions.
02-11	After a recent review of its Payments System Risk policy, the Board of Governors of the Federal Reserve System revised the posting times to depository institutions' accounts for check credits and electronic check presentments.
02-10	(See the February Summary)
02-09	(See the February Summary)
02-08	The Board of Governors of the Federal Reserve System amended Regulation C (Home Mortgage Disclosure) and the commentary that interprets the regulation.

February 2002
02-10	The Federal Reserve Bank of Dallas announced the availability of the Selected Interest Rates booklet and the discontinuation of notices by mail.
02-09	The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency adopted final rules governing the regulatory capital treatment of equity investments in nonfinancial companies held by banks, bank holding companies, and financial holding companies.
02-08	(See the March Summary)
02-07	The Board of Governors of the Federal Reserve System published a new pamphlet for Regulation K (International Banking Operations), effective November 26, 2001. Also, the Board published slip-sheet amendments to Regulation D (Reserve Requirements of Depository Institutions), effective November 19, 2001 (see section 204.9).

January 2002
02-06	The Board of Governors of the Federal Reserve System, along with other federal agencies, issued guidance to help financial institutions comply with consumer privacy regulations.
02-05	The Board of Governors of the Federal Reserve System announced the appointment of eleven new members to its Consumer Advisory Council and designated a new chair and vice chair of the council for 2002.
02-04	The Federal Financial Institutions Examination Council announced the availability of the September 2001 Uniform Bank Performance Report (UBPR), the UBPR Peer Group Ratio Distribution Report, and the UBPR State Average Ratio Distribution Report.
02-03	The Board of Governors of the Federal Reserve System revised its Policy Statement on Payments System Risk. The revisions modify the net debit cap calculation for U.S. branches and agencies of foreign banks, modify the time electronic check presentments are posted to depository institutions' Federal Reserve accounts for purposes of measuring daylight overdrafts, and incorporate its interim policy that allows certain depository institutions to pledge collateral to the Federal Reserve in order to access additional daylight overdraft capacity above their net debit caps.
02-02	The Board of Governors of the Federal Reserve System adopted amendments to the provisions of Regulation Z (Truth in Lending) that implement the Home Ownership and Equity Protection Act.
02-01	The Board of Governors of the Federal Reserve System published a final rule amending the staff commentary that interprets the requirements of Regulation C (Home Mortgage Disclosure).