Friday, April 30, 2010

NCUA open board meeting results 04/30

04/30/10: NCUA Board agenda items from open meeting 04/29. NCUA. The proposed rule was released for a 60-day comment period; the Part 704 waiver was extended. The provision for corporate credit union losses at the Temporary Corporate Credit Union Stabilization Fund increased $1.0342 billion in March.

  • NCUA summary of meeting results PDF
  • Proposed Rule – Section 701.21(c) of NCUA’s Rules and Regulations, Short-term, Small-dollar Loans. Item 1a; Item 1b
  • Waiver under Part 704 of NCUA’s Rules and Regulations. Item 2a; Item 2b
  • Insurance Fund Report. Item 3a; Item 3b

FDIC update of failed institutions list

04/30/10: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Lists institutions closed 04/23/10. PDF Text

NCUA closed board meeting results; CU in conservatorship

04/30/10: NCUA Board closed meeting results 04/23. The board placed St. Paul Croatian FCU into conservatorship. PDF

Wednesday, April 28, 2010

Federal Housing Administration, proposed data collection

04/28/10: FHA TOTAL Mortgage Scorecard. Notice and request for comments. Federal Housing Administration.
Comments are due 05/28/10. PDF Text

IRS Volunteer Income Tax Assistance matching grant program

04/28/10: 2011 Community Volunteer Income Tax Assistance (VITA) Matching Grant Program—Availability of Application Packages. Notice. IRS.
Applications are due 07/09/10. PDF Text

IRS Tax Counseling for the Elderly Program

04/28/10: 2011 Tax Counseling for the Elderly (TCE) Program Availability of Application Packages. Notice. IRS.
Applications are due 07/09/10. PDF Text

Tuesday, April 27, 2010

NCUA Board open meeting agenda

04/27/10: Sunshine Act; notice of agency meeting. NCUA.
Open meeting is 10 a.m. 04/29/10; closed meeting is 11 a.m. PDF Text

NCUA Board closed meeting agenda

04/27/10: Sunshine Act; notice of agency meeting. NCUA.
Closed meeting was scheduled 10 a.m. 04/23/10. PDF Text

Community Development Financial Institutions Fund; conflict of interest package for application reviewers

04/27/10: Conflict of Interest Package for CDFI Fund Application Reviewers. Notice and request for comments (continued information collection). Community Development Financial Institutions Fund.
Comments are due 06/28/10. PDF Text

Monday, April 26, 2010

NCUA semiannual regulatory agenda

04/26/10: Semiannual Regulatory Agenda. NCUA.
Current as of 02/24/10. PDF Text

Treasury semiannual agenda

04/26/10: Semiannual Agenda. Treasury.
PDF Text

Federal Reserve Board semiannual agenda

04/2610: Semiannual Regulatory Flexibility Agenda. Federal Reserve Board.
Covers activities slated 05/01/10 through 10/31/10. PDF Text

Small Business Administratoin semiannual agenda

04/26/10: Semiannual Regulatory Agenda. Small Business Administration.
PDF Text

Securities and Exchange Commission semiannual agenda

04/26/10: Regulatory Flexibility Agenda. Securities and Exchange Commission.
Comments are due 06/30/10. PDF Text

Federal Trade Commission semiannual agenda

04/26/10: Semiannual Regulatory Agenda. Federal Trade Commission.
PDF Text

Friday, April 23, 2010

NCUA Board meets in closed session today

04/23/10: NCUA Board closed meeting agenda. Notice.
Meeting is at 10 a.m. 04/23/10.

NCUA Board to meet 04/29/10

04/23/10: NCUA Board open meeting agenda. Notice.
Open meeting is 04/29/10; closed meeting is 11 a.m.

FDIC update of failed institutions list

04/23/10: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
The same list was published twice in today's F.R.; dated 04/19/10. PDF Text

Thursday, April 22, 2010

HUD, Treasury request for input on the housing finance system

04/22/10: Public Input on Reform of the Housing Finance System. Notice and request for information. Department of Housing and Urban Development, Treasury.
Comments are due 07/21/10. PDF Text

FDIC update of failed institutions list

04/22/10: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Notice dated 03/22/10. PDF Text

FDIC update of failed institutions list

04/22/10: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Notice dated 03/29/10. PDF Text

OFAC blocked persons designation lifted

04/22/10: Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to Executive Order 12978. Notice. Office of Foreign Assets Control.
Effective 04/16/10. PDF Text

OFAC blocked persons designation

04/22/10: Designation of Two Individuals Pursuant to Executive Order 13224. Notice. Office of Foreign Assets Control.
Effective 04/15/10. PDF Text

Wednesday, April 21, 2010

NCUA publishes letter of understanding and agreement

04/21/10: Letter of Understanding and Agreement with Kappa Alpha Psi FCU. Released 04/20/10. NCUA.

  • Announcement PDF
  • LUA (06/09) PDF
  • All published LUAs Link

Tuesday, April 20, 2010

Federal Housing Administration final rule, approval of lenders

04/20/10: Continuation of FHA Reform; Strengthening Risk Management Through Responsible FHA-Approved Lenders. Final rule with request for comments. Federal Housing Administration, Department of Housing and Urban Development.
Effective 05/20/10; comments are due 05/20/10. PDF Text

Treasury 'goes green, saves green' announcement on federal payments

04/20/10: Treasury initiative on electronic delivery of federal payments. Initiative affects federal benefits/retirement payments, federal tax deposits, savings bonds. This announcement also notes the joint proposed rule on garnishment and exempt federal benefit payments (yesterday's post), future proposed rule regarding direct deposit.
Initiative gets underway this year.
  • Announcement PDF

OFAC blocked persons designation

04/20/10: Additional Identifying Information Associated With Persons Whose Property and Interests in Property Are Blocked Pursuant to the Executive Order of April 12, 2010, "Blocking Property of Certain Persons Contributing to the Conflict in Somalia." Notice. Office of Foreign Assets Control.
Adds information regarding targets of executive order of 04/12/10. PDF Text

Monday, April 19, 2010

Joint notice of proposed rulemaking on garnishment of accounts holding federal benefit payments

04/19/10: Garnishment of Accounts Containing Federal Benefit Payments. Joint notice of proposed rulemaking. Treasury, Fiscal Service, Office of Personnel Management, Social Security Administration, Department of Veterans Affairs, Railroad Retirement Board.
Comments are due 06/18/10. PDF Text

FDIC update of closed institutions list

04/19/10: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Beach First National Bank closed 04/09/10. PDF Text

FDIC interim rule, transaction account guarantee program

04/19/10: Amendment of the Temporary Liquidity Guarantee Program To Extend the Transaction Account Guarantee Program With Opportunity To Opt Out. Interim rule with request for comments. FDIC.
Effective 04/19/10; comments are due 05/19/10. PDF Text

OFAC blocked persons designation

04/19/10: Additional Designations, Foreign Narcotics Kingpin Designation Act. Notice. Office of Foreign Assets Control.
Effective 04/08/10. PDF Text

Friday, April 16, 2010

Special notice: Federal regulators release online form builder for model privacy notice

04/16/10: Model Consumer Privacy Notice Online Form Builder. NCUA, Federal Reserve Board, FDIC, Office of the Comptroller of the Currency, Office of Thrift Supervision, Federal Trade Commission, Commodity Futures Trading Commission, Securities and Exchange Commission. This facilitates notices to comply with the Gramm-Leach-Bliley Act.
Released 04/15/10.

  • Announcement PDF
  • Instructions, templates PDF

Thursday, April 15, 2010

Federal Open Market Committee policy directive

04/15/10: Domestic Policy Directive of March 16, 2010. Federal Open Market Committee.
Federal funds target remains 0 to 0.25 percent. PDF Text

Wednesday, April 14, 2010

Financial Crimes Enforcement Network final rule

04/14/10: Amendment to the Bank Secrecy Act Regulations; Defining Mutual Funds as Financial Institutions. Final rule. Financial Crimes Enforcement Network, Treasury.
Effective 05/14/10. PDF Text

FDIC; change in open meeting agenda

04/13/10: Sunshine Act; Notice of a Matter To Be Deferred From the Agenda for Consideration at an Agency Meeting. FDIC.
Open meeting is 10 a.m. 04/13/10. PDF Text

Treasury information collection under Community Development Capital Initiative

04/12/10: Troubled Asset Relief Program (TARP)—Community Development Capital Initiative (CDCI). Information collection. Treasury.
Comments are due 06/11/10. PDF Text

Special notice: NCUA white paper on supplemental capital

04/12/10: NCUA Board Member Gigi Hyland notes release of white paper on supplemental capital. Press release. NCUA.White paper offers three possible models.
  • Press release PDF
  • White paper PDF

FDIC open meeting agenda

04/09/10: Sunshine Act Meeting Notice. FDIC.
Open meeting is 10 a.m. 04/14/10. PDF Text

Special notice: NCUA Chairman Debbie Matz comments on corporate credit unions, legacy assets

04/09/10: NCUA Chairman Debbie Matz comments on future of corporate CUs. NCUA. Notes plan to have final corporate rule set by summer following announcement of plan to dispose of "legacy assets."
  • Press release PDF

Thursday, April 8, 2010

OFAC blocked persons designation

04/08/10: Designation of Two Individuals Pursuant to Executive Order 13224. Notice. Office of Foreign Assets Control.
Effective 04/01/10. PDF Text

Note: Break in daily postings

04/08/10: There will be a pause in daily notices over the next few days. Any catch-up posts will appear Wednesday, 04/14. Thank you. - R.L.

Wednesday, April 7, 2010

Special notice: NCUA examiner guidance on concentration risk in CUs

04/07/10: NCUA Letter 10-CU-03, Concentration Risk. NCUA.
Dated 03/10.

  • Letter to CUs PDF
  • Attached supervisory letter PDF

Special notice: NCUA examiner guidance on concentration risk in CUs

04/07/10: NCUA Letter 10-CU-04, Grants Available from NCUA. Includes general guidelines on 2010 technical assistance available; NCUA has $1.25 million for 2010 grants.
Dated 04/10.

  • Letter to CUs PDF
  • Attached guidelines PDF

FDIC Advisory Committee on Community Banking to meet

04/07/10: FDIC Advisory Committee on Community Banking. Notice of open meeting. FDIC.
Open meeting is 8:30 a.m.-3:30 p.m. Eastern 04/21/10. PDF Text

Tuesday, April 6, 2010

Small Business Administration; ‘peg’ rate

04/06/10: Interest rates; “peg” rate. Notice. Small Business Administration.
“Peg” rate is 4 percent for April-June quarter of 2010. PDF Text

Monday, April 5, 2010

Special notice: NCUA disaster response program activated

04/05/10: NCUA activates disaster response in Northeast.
Announcement 04/02/10. PDF

NCUA proposed rule on fiduciary duties, etc.; correction

04/05/10: Fiduciary Duties at Federal Credit Unions; Mergers and Conversions of Insured Credit Unions; Correction. Notice of proposed rulemaking; correction. NCUA. Corrects NCUA Web site and e-mail contact info; dated 03/31/10. PDF Text

Director eligibility for Federal Home Loan Banks; final rule

04/05/10: Federal Home Loan Bank Directors’ Eligibility, Elections, Compensation and Expenses. Final rule. Federal Housing Finance Board, Federal Housing Finance Agency.
Effective 05/05/10. PDF Text

Friday, April 2, 2010

SEC open meeting slated 04/07

04/02/10: Open meeting agenda. Notice. Securities and Exchange Commission. The SEC will consider whether to propose revisions to rules regarding offering, disclosure and reporting for asset-backed securities.
Open meeting is 10 a.m. 04/07/10. PDF Text

OFAC blocked persons designation

04/02/10: Designation of One Individual Pursuant to Executive Order 13224. Notice. Office of Foreign Assets Control.
Effective 03/25/10. PDF Text

Thursday, April 1, 2010

Federal Reserve Board final rule, electronic fund transfers

04/01/10: Electronic Fund Transfers. Final rule. Federal Reserve Board.
Effective 08/22/10. PDF Text

Federal Housing Finance Agency; community support review

04/01/10: Federal Home Loan Bank Members Selected for Community Support Review. Notice. Federal Housing Finance Agency.
Community support statements are due 05/17/10. PDF Text

President's Economic Recovery Advisory Board to meet

04/01/10: Open Meeting of the President’s Economic Recovery Advisory Board (the PERAB). Notice. Treasury.
Open meeting is 1:30 p.m. Eastern 04/16/10; will be webcast. PDF Text

Financial Crisis Inquiry Commission hearing

04/01/10: Notice of public hearing. Financial Crisis Inquiry Commission.
Hearing runs 04/07/10-04/09/10; will be webcast. PDF Text