No notices for credit unions today

Special notice: Corporate credit union stabilization, conservatorships

03/30/09: Report and statements regarding NCUA corporate credit union stabilization program.

• Report on stabilization, conservatorships of U.S. Central and Western Corporate; statement from NCUA Chairman Michael Fryzel
  
• Statement of NCUA Board Member Gigi Hyland

Federal Reserve Board proposed extension of information collection

03/30/09: Studies to Develop and Test Consumer Regulatory Disclosures. Proposed extension of information collection activities; comment request. Federal Reserve Board.
Comments are due 05/28/09. PDF Text

Treasury proposed extension of information collection

03/30/09: Resolution Authorizing Execution of Depositary, Financial Agency, and Collateral Agreement; and Depositary, Financial Agency, and Collateral Agreement. Proposed extension of information collection; comment request. Treasury.
Comments are due 05/29/09. PDF Text

Special notice: Corporate stabilization under Federal Credit Union Act proposed

03/27/09: NCUA Corporate Stabilization proposal to Congress

The NCUA Board on Thursday met in closed session to consider its next steps in stabilization of the corporate credit union system. The board approved a plan to ask Congress for Federal Credit Union Act amendments that would create a Temporary Corporate Credit Union stabilization Fund. The amendments would also increase NCUA's borrowing authority from the $100 million limit applied currently to $6 billion and provide for replenishment of the National Credit Union Share Insurance Fund, through assessments to natural-person credit unions, over a period of up to seven years.

Following are the NCUA announcement and proposed statutory revisions:

• NCUA announcement of plan
• Proposed Federal Credit Union Act amendments

NCUA final rule; RegFlex on ownership of fixed assets

03/26/09: Regulatory Flexibility Regarding Ownership of Fixed Assets. Final rule. NCUA.
Effective 04/27/09. PDF Text

NCUA proposed rule; credit union reporting

03/26/09: Credit Union Reporting. Proposed rule and request for comments. NCUA.
Comments are due 05/26/09. PDF Text

NCUA proposal; truth in savings

03/26/09: Truth in Savings Act Disclosures. Proposed rule. NCUA.
Comments are due 05/26/09. PDF Text

FHFA; capital for Federal Home Loan Banks

03/26/09: Capital Classifications and Critical Capital Levels for the Federal Home Loan Banks. Interim final rule; extension of comment period. Federal Housing Finance Agency.
Comment period extended to 05/15/09. PDF Text

NCUA Board closed meeting

03/25/09: Sunshine Act. Notice of agency meeting. NCUA.
Closed meeting is at 11:30 a.m. 03/26/09. PDF Text

Federal Reserve Board; Reg Z proposal on student loans

03/24/09: Regulation Z; Docket No. R–1353; Truth in Lending. Proposed rule and request for public comment. Federal Reserve Board.
Comments are due 05/26/09. PDF Text

IRS; nominations to Information Reporting Program Advisory Committee

03/24/09: Information Reporting Program Advisory Committee (IRPAC). Request for nominations. IRS.
Nominations are due 05/29/09. PDF Text

NCUA conserves U.S. Central FCU, Western Corporate FCU

Special notice: NCUA on March 20 took U.S. Central and WesCorp into conservatorship; it also says it has determined the National Credit Union Share Insurance Fund should be keeping reserves of $5.9 billion, not $4.7 billion, for potential losses related to the corporates. Letter 09-CU-06 provides details.

• NCUA Letter 09-CU-06
• NCUA press announcement

NCUA is holding a webcast today to explain the latest developments. The two-hour program begins at 2 p.m. Eastern; registration is available until 1:45 p.m.

• Webcast registration

FDIC; Temporary Liquidity Guarantee Program

03/23/09: Amendment of the Temporary Liquidity Guarantee Program To Extend the Debt Guarantee Program and To Impose Surcharges on Assessments for Certain Debt Issued on or After April 1, 2009. Interim rule with request for comments. FDIC.
Rule is effective 03/23/09; comments are due 04/07/09. PDF Text

NCUA, revised board meeting agenda

03/20/09: Sunshine Act; matter deleted from open agenda, added to closed agenda. Notice. NCUA.
Closed meeting was 03/19/09. PDF Text

No notices for credit unions today

No notices for credit unions today

No notices for credit unions today

NCUA Board open meeting

03/16/09: Sunshine Act. Notice of Agency Meeting. NCUA.
Open meeting is 3 p.m. 03/19/09; closed meeting is 4:15 p.m. PDF Text

Federal Trade Commission proposal; disclosures by non-federally insured depository institutions

03/13/09: Disclosures for Non-Federally Insured Depository Institutions under the Federal Deposit Insurance Corporation Improvement Act (FDICIA). Supplemental notice of proposed rulemaking; request for public comment. Federal Trade Commission.
Comments are due 06/05/09. PDF Text

Financial Crimes Enforcement Network; Bank Secrecy Act information collections

03/13/09: Customer Identification Programs for Various Financial Institutions. Information collections, renewal. Financial Crimes Enforcement Network.
Comments are due 05/12/09. PDF Text

OFAC blocked persons designation lifted

03/13/09: Unblocking of Specially Designated Narcotics Trafficker Pursuant to Executive Order 12978. Notice. Office of Foreign Assets Control.
Effective 02/26/09. PDF Text

HUD; master appraisal reports

03/13/09: Master Appraisal Reports (MARS). Notice. Department of Housing and Urban Development.
Comments are due 04/13/09. PDF Text

No notices for credit unions today

FinCEN information collection renewal

03/11/09: Report of International Transportation of Currency or Monetary Instruments. Proposed collection and comment request. Financial Crimes Enforcement Network.
Comments are due 05/11/09. PDF Text

FTC; information collections under Regs B, E, M, Z

03/11/09: Agency Information Collection Activities; Submission for OMB Review. Comment request. Federal Trade Commission.
Comments are due 04/10/09. PDF Text

Consumer Advisory Council open meeting

03/10/09: Consumer Advisory Council; Notice of Meeting. Federal Reserve Board.
Open meeting is 9 a.m. - 1 p.m. 03/26/09. PDF Text

HUD RESPA rule; deferral and proposed withdrawal of "required use" provision

03/10/09: Real Estate Settlement Procedures Act (RESPA); Rule To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs, Further Deferred Applicability Date for the Revised Definition of "Required Use" and Solicitation of Public Comment on Withdrawal of Required Use Provision. Final rule; request for comments. Department of Housing and Urban Development.
Effective 03/10/09; comments are due 04/09/09. PDF Text

Financial Crimes Enforcement Network; SAR confidentiality

03/09/09: Confidentiality of Suspicious Activity Reports. Notice of proposed rulemaking. Financial Crimes Enforcement Network.
Comments are due 06/08/09. PDF Text

Financial Crimes Enforcement Network; SAR guidance

03/09/09: Interpretive Guidance — Sharing Suspicious Activity Reports by Depository Institutions With Certain U.S. Affiliates. Proposed guidance. Financial Crimes Enforcement Network.
Comments are due 06/08/09. PDF Text

Financial Crimes Enforcement Network; SAR guidance for securities broker-dealers, etc.

03/09/09: Interpretive Guidance — Sharing Suspicious Activity Reports by Securities Broker-Dealers, Mutual Funds, Futures Commission Merchants, and Introducing Brokers in Commodities With Certain U.S. Affiliates. Proposed guidance. Financial Crimes Enforcement Network.
Comments are due 06/08/09. PDF Text

Office of Thrift Supervision; SAR proposed rule

03/09/09: Confidentiality of Suspicious Activity Reports. Notice of proposed rulemaking. Office of Thrift Supervision.
Comments are due 06/08/09. PDF Text

Office of Thrift Supervision; standards for the release of SAR data

03/09/09: Standards Governing the Release of a Suspicious Activity Report. Notice of proposed rulemaking. Office of Thrift Supervision.
Comments are due 06/08/09. PDF Text

Treasury, information collections and forms

03/09/09: Application for Filing Information Returns Magnetically/Electronically. Extension. Treasury.
Comments are due 04/08/09. PDF Text

Community Development Financial Institutions Fund; Capital Magnet Fund

03/06/09: Capital Magnet Fund. Request for public comment. Community Development Financial Institutions Fund.
Comments are due 05/05/09. PDF Text

NCUA operating fees; proposed rule

03/05/09: Operating fees. Proposed rule. NCUA.
Comments are due 05/04/09. PDF Text

NCUA; advertising and notice of insured status

03/04/09: Accuracy of Advertising and Notice of Insured Status. Final rule. NCUA.
Effective 04/03/09. PDF Text

NCUA civil money penalty inflation adjustment

03/04/09: Civil monetary penalty inflation adjustment. Final rule. NCUA.
Effective 03/04/09. PDF Text

FDIC Deposit Insurance Fund assessments

03/04/09: Assessments. Final rule. FDIC.
Effective 04/01/09. PDF Text

FDIC, Temporary Liquidity Guarantee Program

03/04/09: Modification of Temporary Liquidity Guarantee Program. Interim rule with request for comments. FDIC.
Rule effective 02/27/09; comments are due 03/19/09. PDF Text

FDIC Deposit Insurance Fund restoration plan revised

03/04/09: Amended restoration plan. FDIC.
Implemented immediately. PDF Text

SBA, Secondary Participation Guaranty Agreement

03/04/09: Secondary Participation Guaranty Agreement; data collection. Notice and request for comments. Small Business Administration.
Comments are due 05/04/09. PDF Text

FOMC domestic policy directive

03/03/09: Domestic Policy Directive of January 27 and 28, 2009. Federal Open Market Committee.
PDF Text

Community Development Financial Institutions Fund program application

03/03/09: Proposed information collection. Notice and request for comments. Community Development Financial Institutions Fund.
Comments are due 05/04/09. PDF Text

FDIC assessments; interim rule

03/03/09: FDIC assessments. Interim rule with request for comments. FDIC.
Rule is effective 04/01/09; comments are due 04/02/09. PDF Text

FinCEN; anti-money laundering programs for MSBs, others

03/02/09: Proposed Renewal Without Change; Anti-Money Laundering Programs for Various Financial Institutions. Notice and request for comments. Financial Crimes Enforcement Network.
Comments are due 05/01/09. PDF Text