No notices for credit unions today

Special notice: Application deadline for Community Development Capital Initiative moved to 04/30

03/30/10: Community Development Capital Initiative application deadline extended. Announcement. Treasury, NCUA.
New deadline is 04/30/10.

• NCUA announcement
• Treasury info/applications

OFAC blocked persons designation

03/30/10: Additional Designations, Foreign Narcotics Kingpin Designation Act. Notice. Office of Foreign Assets Control.
Effective 03/24/10. PDF Text

NCUA proposed rule on fiduciary duties, mergers and conversions

03/29/10: Fiduciary Duties at Federal Credit Unions; Mergers and Conversions of Insured Credit Unions. Notice of proposed rulemaking. NCUA.
Comments are due 05/28/10. PDF Text

Special notice: NCUA releases 2 legal opinion letters

03/26/10: Legal opinions on membership capital shares in corporates; floor rates for home equity loans. NCUA.
The opinions are dated 02/25/10 and 03/03/10.

• Membership capital shares - Opinion 10-0147
• Home equity loan floor rates - Opinion 10-0214

Special notice: Manager's amendment approved for Senate Banking regulatory reform bill

03/25/10: Manager's amendment to Senate Banking committee regulatory reform bill. This 114-page amendment was approved before the bill was passed by the committee on 03/22.

• Manager's amendment
• Original bill text
• Summary of bill

NCUA proposed amendments to RegFlex rule

03/25/10: Fixed Assets, Member Business Loans, and Regulatory Flexibility Program. Proposed rule. NCUA.
Comments are due 05/24/10. PDF Text

FDIC correction to final rule

03/25/10: Transitional Safe Harbor Protection for Treatment by the Federal Deposit Insurance Corporation as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution in Connection With a Securitization or Participation. Final rule; correction. FDIC.
Effective 03/18/10. PDF Text

Plan on corporate legacy assets could be drafted by late June

03/24/10: NCUA Chairman Debbie Matz discusses legacy assets. From 03/23 speech. Matz said staff hope to present a plan for addressing legacy assets in corporate credit unions by late June.

• Press release
• Speech text

OFAC blocked persons designation

03/24/10: Additional Designations, Foreign Narcotics Kingpin Designation Act. Notice. Office of Foreign Assets Control.
Effective 03/18/10. PDF Text

OFAC blocked persons designation

03/24/10: Designation of Two Entities Pursuant to Executive Order 13224. Notice. Office of Foreign Assets Control.
Effective 03/18/10. PDF Text

OFAC blocked persons designated lifted

03/24/10: Unblocking of Specially Designated Nationals Pursuant to Executive Order 13224. Notice. Office of Foreign Assets Control.
Effective 03/02/10. PDF Text

Special notice: Senate Banking Committee approves regulatory reform bill

03/23/10: Senate Banking Committee marks up regulatory reform bill. This 1,336-page draft bill was marked up and reported out by the Senate Banking Committee Monday on a party-line vote of 13-10 about 20 minutes after mark-up began at 5 p.m., after approving one manager's amendment. The next step is consideration by the full Senate. Senators have filed several hundred amendments, any of which could be considered and voted on during floor debate. Documents linked here are a summary and the draft of the bill prior to mark-up.

• Summary of draft bill
• Full text of draft bill

Agencies publish final interagency statement on funding and liquidity risk management

03/22/10: Interagency Policy Statement on Funding and Liquidity Risk Management. Final policy statement. NCUA, Federal Reserve Board, FDIC, Office of the Comptroller of the Currency, Office of Thrift Supervision.
Effective 05/21/10; comments are due 04/21/10. PDF Text

FDIC update of liquidated institutions list

03/22/10: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Lists four institutions closed 03/11 and 03/12. PDF Text

NCUA Board releases proposed rules, strategic plan

03/19/10: NCUA Board 3/18 agenda items. All actions were approved unanimously except the first, on RegFlex (released on vote of 2-1, Hyland dissenting). Strategic plan and proposed rules were released for 60-day comment periods. The NCUSIF is at 1.23 percent of insured shares.

• Proposed Rule – Parts 701, 723 and 742 of NCUA’s Rules and Regulations, Regulatory Flexibility Program. Item 1a Item 1b
• Proposed Rule – Parts 701, 708a and 708b of NCUA’s Rules and Regulations, Fiduciary Duties at Federal Credit Unions; Mergers and Conversions of Insured Credit Unions. Item 2a Item 2b
• NCUA Strategic Plan 2010-2016 for 60-day Public Comment. Item 3a Item 3b (Word) Item 3b (PDF)
• Insurance Fund Report. Item 4a Item 4b

SBA request for comments on FAS 166 and the 7(a) programs

03/19/10: Implications of Financial Accounting System (FAS) 166 on SBA Guaranteed Loan Programs. Notice; request for comments. Small Business Administration.
Comments are due 04/19/10. PDF Text

Interagency policy statement on funding and liquidity risk management

03/18/10: Interagency Policy Statement on Funding and Liquidity Risk Management. NCUA, FDIC, Federal Reserve Board, Office of the Comptroller of the Currency, Office of Thrift Supervision.
Effective 60 days after publication in the Federal Register.

• Interagency policy statement
• Joint release

FDIC final rule, treatment of securitizations and participations at institutions in conservatorship or receivership

03/18/10: Transitional Safe Harbor Protection for Treatment by the Federal Deposit Insurance Corporation as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution in Connection With a Securitization or Participation. Final rule. FDIC.
Effective 03/18/10. PDF Text

No notices for credit unions today

FDIC update of liquidated institutions list

03/16/10: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Lists four banks closed 03/05/10. PDF Text

Federal Reserve Board, Credit CARD Act proposed rule

03/15/10: Truth in Lending. Proposed rule; request for comment. Federal Reserve Board.
Comments on rule due 04/14/10; comments on Paperwork Reduction Act analysis due 05/14/10. PDF Text

NCUA Board open meeting agenda

03/15/10: NCUA Board open meeting. Notice. NCUA.
Open meeting is 10 a.m. 03/18/10; closed meeting is 11:15 a.m. PDF Text

Capital Magnet Fund FY10 funding round, Community Development Financial Institutions Fund

03/15/10: Notice of Funds Availability. Community Development Financial Institutions Fund.
Applications for FY10 awards due 04/15/10. PDF Text

Community Development Financial Institutions Fund, Capital Magnet Fund proposal

03/15/10: Capital Magnet Fund. Notice of proposed rulemaking with request for public comment. Community Development Financial Institutions Fund.
Comments are due 05/14/10. PDF Text

Federal Housing Administration information collection

03/15/10: FHA Lender Approval, Annual Renewal, Periodic Updates and Noncompliance Reporting by FHA Approved Lenders. Notice of proposed information collection for public comment. Federal Housing Administration.
Comments are due 05/14/10. PDF Text

Community Development Financial Institutions Fund, review of existing information collection

03/12/10: CDFI Form 0036; existing collection. Submission of Office of Management and Budget Review; comment request. Community Development Financial Institutions Fund.
Comments are due 04/12/10. PDF Text

Federal Reserve Board Consumer Advisory Council to meet

03/12/10: Consumer Advisory Council. Notice of meeting. Federal Reserve Board.
Open meeting is 9 a.m.-12:30 p.m. 03/25/10. PDF Text

OFAC blocked persons designation lifted

03/12/10: Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to the Cuban Assets Control Regulations. Notice. Office of Foreign Assets Control.
Effective 03/02/10. PDF Text

OFAC blocked persons designation lifted

03/12/10: Unblocking of Specially Designated Nationals and Blocked Persons. Notice. Office of Foreign Assets Control.
Effective 03/02/10. PDF Text

Community Development Financial Institutions Fund, extension of currently approved collection

03/11/10: Native American CDFI Assistance (NACA) Program Application. Proposed collection (extension); request for comments. Community Development Financial Institutions Fund.
Comments are due 05/10/10. PDF Text

Interagency (bank regulators) Q&A regarding community reinvestment; Community Reinvestment Act

03/11/10: Community Reinvestment Act; Interagency Questions and Answers Regarding Community Reinvestment. Notice. Office of the Comptroller of the Currency, Federal Reserve Board, FDIC, Office of Thrift Supervision.
Effective 03/11/10. PDF Text

FDIC update of liquidated institutions list

03/10/10: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Notice dated 03/03/10. PDF Text

No notices for credit unions today

Community Development Financial Institutions Fund request for comments

03/08/10: Community Development Financial and Technical Assistance Awards, Native Initiatives, and Bank Enterprise Awards. Request for public comment. Community Development Financial Institutions Fund.
Comments are due 05/07/10. PDF Text

FDIC update of liquidated institutions list

03/08/10: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Lists banks closed 02/26/10. PDF Text

OFAC blocked persons designation

03/08/10: Additional Designations, Foreign Narcotics Kingpin Designation Act. Notice. Office of Foreign Assets Control.
Effecive 03/02/10. PDF Text

OTS request for comments regarding conversion application

03/08/10: Application for Conversion From: (a) OTS–Regulated, State-Chartered Savings Association to Federal Savings Association; (b) National Bank, Commercial Bank, State Savings Bank, or Credit Union to Federal Savings Association; (c) State Mutual Holding Company to a Federal Mutual Holding Company. Notice and request for comment. Office of Thrift Supervision.
Comments are due 04/07/10. PDF Text

NCUA extends corporate CU share guarantee program

03/05/10: Temporary Corporate Credit Union Share Guarantee Program extended. Announcement. NCUA.
Extension is to 06/30/12. PDF

OFAC blocked persons designation

03/05/10: Designation of Entities and Individual Pursuant to Executive Order 13382. Notice. Office of Foreign Assets Control.
Effective 02/10/10. PDF Text

FOMC keeps federal funds target at 0 to 0.25 percent

03/05/10: Domestic Policy Directive of 01/26/10 and 01/27/10. Notice. Federal Open Market Committee.
Federal funds target is 0 to 0.25 percent. PDF Text

No notices for credit unions today

OFAC blocked persons designation

03/03/10: Additional Designations of Individuals and Entities Pursuant to Section 804(b) of the Foreign Narcotics Kingpin Designation Act (‘‘Kingpin Act’’), 21 U.S.C. 1903(b). Notice. Office of Foreign Assets Control.
Effective 02/25/10. PDF Text

FTC final rule on free credit reports under the Credit CARD Act

03/03/10: Free Annual File Disclosures. Final rule. Federal Trade Commission.
Effective dates are 04/02/10 and 09/01/10. PDF Text

NCUA releases 4Q results for CUs

03/02/10: Credit unions' 4th-quarter data. NCUA.
Release was 03/01/10.

• Press release
• Data page (scroll to aggregate FPRs)

Federal Reserve Board, proposal amending Reg E for overdraft

03/01/10: Electronic Fund Transfers. Proposed rule; request for comment. Federal Reserve Board.
Comments are due 03/31/10. PDF Text

Federal Reserve Board, proposal amending Reg DD for overdraft

03/01/10: Truth in Savings. Proposed rule; request for comment.
Comments are due 03/31/10. PDF Text

Federal Reserve Board raises primary discount rate

03/01/10: Extensions of Credit by Federal Reserve Banks. Notice. Federal Reserve Board.
Primary discount rate up to 0.75 percent; Regulation A revision effective 03/01/10. PDF Text

Small Business Administration Lender Risk Rating System revised

03/01/10: SBA Lender Risk Rating System. Notice of revised Risk Rating System; request for comments. Small Business Administration.
Effective 03/01/10; comments are due 04/30/10. PDF Text