06/30/10: House-Senate conference on regulatory reform meeting 06/29. The panel reconvened last evening to address concerns regarding a bank "tax" to pay for the reform bill's new costs.
Wednesday, June 30, 2010
Tuesday, June 29, 2010
06/29/10: Dodd-Frank Wall Street Reform and Consumer Protection Act. Conference report. This provides links to the full conference report (awaiting House and Senate action) and a summary.
Effective 08/22/10; compliance deadlines are 08/22/10 and 12/01/10. PDF Text
06/29/10: NCUA posts Track 2 video on corporate credit unions. Announcement. This is the second of three videos (DVD) provided on the history of corporate credit unions, current problems and plans for addressing them.
Comments are due 07/29/10. PDF Text
Monday, June 28, 2010
Lists one bank (Nevada Security Bank) closed 06/18/10. PDF Text
Effective 06/28/10. PDF Text
Comments are due 07/28/10. PDF Text
Friday, June 25, 2010
06/25/10: House-Senate conference on reform concludes. Committee approved the amended bill, 27-16. Statement issued by Sen. Chris Dodd, D-Conn.
Effective 06/25/10; comments are due 07/26/10. PDF Text
Thursday, June 24, 2010
06/24/10: House-Senate conference on reform continues. The conference committee meets at 9:30 a.m. today, covered by C-SPAN.
Wednesday, June 23, 2010
06/23/10: Regulatory reform conference continues, with C-SPAN coverage.
06/23/10: NCUA Letter 10-CU-08, Guidance for National Flood Insurance Program Authority Lapses.
Letter is dated 06/2010.
06/23/10: NCUA Letter 10-CU-07, Commercial Real Estate Loan Workouts.
Letter is dated 06/2010.
Tuesday, June 22, 2010
06/22/10: House-Senate conference panel resumes work today. C-SPAN coverage continues.
06/22/10: NCUA Letter 10-CU-09. Letter to federally insured credit unions explains the board's decision to assess a 13.4bp stabilization assessment.
- NCUA Letter PDF
Monday, June 21, 2010
Hearings are 07/15 in Atlanta; 08/05 in San Francisco; Sept. 16 in Chicago; and Sept. 24 in Washington. PDF Text
Effective 06/10/10. PDF Text
Friday, June 18, 2010
- Final Rule - Part 701 of NCUA's Rules and Regulations, Interpretive Ruling and Policy Statement (IRPS) 10-1, NCUA's Chartering and Field of Membership Policies. Item 1a; Item 1b
- Delegations of Authority - Chartering. Item 2a; Item 2b
- Insurance Fund Report. Item 3a; Item 3b
- Temporary Corporate Credit Union Stabilization Fund Accounting Standard. Item 4a
- Temporary Corporate Credit Union Stabilization Fund Payment of Insured Shares. Item 5a; Item 5b
- Temporary Corporate Credit Union Stabilization Fund Assessment. Item 6a
Thursday, June 17, 2010
Application period began 06/11/10, continues until funds are exhausted. PDF Text
Open meeting is 10 a.m. 06/17/10; closed meeting follows. PDF Text
Wednesday, June 16, 2010
06/16/10: C-SPAN coverage of reform conference continues. The conference committee meets again today at 11 a.m.
06/16/10: NCUA removes item from board meeting agenda. The agency has deleted a proposed rule on interest-rate-risk policies from the 06/17 open meeting agenda; it added to the closed meeting agenda.
Tuesday, June 15, 2010
06/15/10: NCUA releases audit opinions on 2008-2009 financial reports. These are for the agency's operating fund, the National Credit Union Share Insurance Fund, the Central Liquidity Facility and the Community Development Revolving Loan Fund. The audit report on the Temporary Corporate Credit Union Stabilization Fund is expected soon.
Monday, June 14, 2010
06/14/10: NCUA approves CU purchase and assumption of bank assets, deposits. Royal CU received approval to purchase certain deposits and branch offices from Anchor Bank. Both are in Wisconsin.
- Announcement Link
Open meeting is 10 a.m. 06/17/10; closed meeting is 11:30 a.m. PDF Text
06/14/10: NCUA expands grants for financial education, secondary capital. NCUA says it is adding grants for financial education and for credit unions to develop plans to apply for secondary capital from Treasury's Community Development Capital Initiative.
Friday, June 11, 2010
06/11/10: Base text for mark-up; summary of House-passed reform provisions included in Senate bill. House-Senate conferees on H.R. 4173, are using the Senate version as the base text for their work. They held their first meeting Thursday; the next one is 06/15. C-SPAN is providing coverage.
Comments are due 08/10/10. PDF Text
Thursday, June 10, 2010
06/10/10: House-Senate conference on H.R. 4173, financial industry regulatory reform. House Financial Services Chairman Barney Frank, D-Mass., announced the conference will be covered on C-SPAN. The conference committee is due to meet for the first time today, at 2:15 p.m. Eastern. It will be working from the Senate-passed version of the reform bill.
06/10/10: NCUA releasing videos on corporate credit unions. This is the first of three tracks that will be made available and focuses on history of corporates, services. Problems leading to the current situation will be address in later tracks.
Wednesday, June 9, 2010
06/09/10: Interagency Supervisory Guidance on Bargain Purchases and FDIC- and NCUA-assisted Acquisitions. NCUA, Federal Reserve Board, FDIC, Office of Thrift Supervision, Office of the Comptroller of the Currency.
Guidance effective immediately.
Tuesday, June 8, 2010
Open meeting is 9 a.m.-12:30 p.m. 06/17/10. PDF Text
Monday, June 7, 2010
Friday, June 4, 2010
Effective 07/06/10. PDF Text
Thursday, June 3, 2010
Comments are due 09/01/10. PDF Text
06/03/10: NCUA releases first-quarter call report results for federally insured credit unions. Assets grew 5.86 percent on annualized basis; loans were down 4.76 percent, shares were up 10.94 percent.
06/03/10: NCUA announces extension of Temporary Corporate Credit Union Share Guarantee Program. This is in addition to the corporate CU share guarantee program approved May 20.
- Announcement Link
Wednesday, June 2, 2010
Applications are due 07/08/10. PDF Text