Federal Reserve System April 2007 – Federal Register Recent Federal Regulation Documents

Truth in Lending
Document Number: E7-7878
Type: Proposed Rule
Date: 2007-04-30
Agency: Federal Reserve System, Agencies and Commissions
The Board is proposing to amend Regulation Z, which implements the Truth in Lending Act, to withdraw portions of the interim final rules for the electronic delivery of disclosures issued March 30, 2001. The interim final rules address the timing and delivery of electronic disclosures, consistent with the requirements of the Electronic Signatures in Global and National Commerce Act (E-Sign Act). Compliance with the 2001 interim final rules is not mandatory. Thus, removing the interim rules from the Code of Federal Regulations would reduce confusion about the status of the provisions and simplify the regulation. The Board is also proposing to amend Regulation Z to provide that when an application, solicitation, or advertisement is accessed by a consumer in electronic form, certain disclosures must be provided to the consumer in electronic form on or with the application, solicitation, or advertisement, and that in these circumstances the consumer consent and other provisions of the E-Sign Act do not apply. The proposal would also implement certain provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Similar rules are being proposed under other consumer fair lending and financial services regulations administered by the Board.
Consumer Leasing
Document Number: E7-7877
Type: Proposed Rule
Date: 2007-04-30
Agency: Federal Reserve System, Agencies and Commissions
The Board is proposing to amend Regulation M, which implements the Consumer Leasing Act, to withdraw portions of the interim final rules for the electronic delivery of disclosures issued March 30, 2001. The interim final rules address the timing and delivery of electronic disclosures, consistent with the requirements of the Electronic Signatures in Global and National Commerce Act (E-Sign Act). Compliance with the 2001 interim final rules is not mandatory. Thus, removing the interim rules from the Code of Federal Regulations would reduce confusion about the status of the provisions and simplify the regulation. The Board is also proposing to amend Regulation M to provide that when an advertisement is accessed by a consumer in electronic form, certain disclosures must be provided to the consumer in electronic form on or with the advertisement, and that in these circumstances the consumer consent and other provisions of the E-Sign Act do not apply. Similar rules are being proposed under other consumer fair lending and financial services regulations administered by the Board.
Electronic Fund Transfer
Document Number: E7-7876
Type: Proposed Rule
Date: 2007-04-30
Agency: Federal Reserve System, Agencies and Commissions
The Board is proposing to amend Regulation E, which implements the Electronic Fund Transfer Act, to withdraw the interim final rules for the electronic delivery of disclosures issued March 30, 2001. The interim final rules address the timing and delivery of electronic disclosures, consistent with the requirements of the Electronic Signatures in Global and National Commerce Act. Compliance with the 2001 interim final rules is not mandatory. Thus, removing the interim rules from the Code of Federal Regulations would reduce confusion about the status of the provisions and simplify the regulation. Similar rules are being proposed under other consumer fair lending and financial services regulations administered by the Board.
Equal Credit Opportunity
Document Number: E7-7875
Type: Proposed Rule
Date: 2007-04-30
Agency: Federal Reserve System, Agencies and Commissions
The Board is proposing to amend Regulation B, which implements the Equal Credit Opportunity Act, to withdraw portions of the interim final rules for the electronic delivery of disclosures issued March 30, 2001. The interim final rules address the timing and delivery of electronic disclosures, consistent with the requirements of the Electronic Signatures in Global and National Commerce Act (E-Sign Act). Compliance with the 2001 interim final rules is not mandatory. Thus, removing the interim rules from the Code of Federal Regulations would reduce confusion about the status of the provisions and simplify the regulation. The Board is also proposing to amend Regulation B to provide that when an application is accessed by an applicant in electronic form, certain disclosures must be provided to the applicant in electronic form on or with the application, and that in these circumstances the consumer consent and other provisions of the E-Sign Act do not apply. Similar rules are being proposed under other consumer financial services regulations administered by the Board.
Truth in Savings
Document Number: E7-7873
Type: Proposed Rule
Date: 2007-04-30
Agency: Federal Reserve System, Agencies and Commissions
The Board is proposing to amend Regulation DD, which implements the Truth in Savings Act, to withdraw portions of the interim final rules for the electronic delivery of disclosures issued March 30, 2001. The interim final rules address the timing and delivery of electronic disclosures, consistent with the requirements of the Electronic Signatures in Global and National Commerce Act (E-Sign Act). Compliance with the 2001 interim final rules is not mandatory. Thus, removing the interim rules from the Code of Federal Regulations would reduce confusion about the status of the provisions and simplify the regulation. The Board is also proposing to amend Regulation DD to provide that certain disclosures may be provided to a consumer in electronic form without regard to the consumer consent and other provisions of the E-Sign Act; and that, when an advertisement is accessed by the consumer in electronic form, the disclosures must be provided in electronic form on or with the advertisement. Similar rules are being proposed under other consumer fair lending and financial services regulations administered by the Board.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-8068
Type: Notice
Date: 2007-04-27
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-8045
Type: Notice
Date: 2007-04-27
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices, Acquisition of Shares of Bank or Bank Holding Companies; Correction
Document Number: E7-8044
Type: Notice
Date: 2007-04-27
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E7-7874
Type: Notice
Date: 2007-04-25
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-7794
Type: Notice
Date: 2007-04-25
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies; Correction
Document Number: E7-7793
Type: Notice
Date: 2007-04-25
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E7-7657
Type: Notice
Date: 2007-04-23
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-7656
Type: Notice
Date: 2007-04-23
Agency: Federal Reserve System, Agencies and Commissions
Joint Report: Differences in Accounting and Capital Standards Among the Federal Banking Agencies; Report to Congressional Committees
Document Number: 07-1986
Type: Notice
Date: 2007-04-23
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Comptroller of the Currency
The OCC, the Board, the FDIC, and the OTS (the Agencies) have prepared this report pursuant to section 37(c) of the Federal Deposit Insurance Act. Section 37(c) requires the Agencies to jointly submit an annual report to the Committee on Financial Services of the United States House of Representatives and to the Committee on Banking, Housing, and Urban Affairs of the United States Senate describing differences between the capital and accounting standards used by the Agencies. The report must be published in the Federal Register.
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E7-7538
Type: Notice
Date: 2007-04-20
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-7537
Type: Notice
Date: 2007-04-20
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-7436
Type: Notice
Date: 2007-04-19
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices, Acquisition of Shares of Bank or Bank Holding Companies; Correction
Document Number: E7-7326
Type: Notice
Date: 2007-04-18
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-7325
Type: Notice
Date: 2007-04-18
Agency: Federal Reserve System, Agencies and Commissions
Federal Open Market Committee; Domestic Policy Directive of March 20-21, 2007
Document Number: 07-1942
Type: Notice
Date: 2007-04-18
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-7281
Type: Notice
Date: 2007-04-17
Agency: Federal Reserve System, Agencies and Commissions
Sunshine Act Meeting
Document Number: 07-1918
Type: Notice
Date: 2007-04-17
Agency: Federal Reserve System, Agencies and Commissions
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Document Number: E7-7137
Type: Notice
Date: 2007-04-16
Agency: Federal Reserve System, Agencies and Commissions
Background. Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the Public). Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instrument(s) are placed into OMB's public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-7124
Type: Notice
Date: 2007-04-16
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-7123
Type: Notice
Date: 2007-04-16
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-7035
Type: Notice
Date: 2007-04-13
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-6988
Type: Notice
Date: 2007-04-13
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E7-6987
Type: Notice
Date: 2007-04-13
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E7-6849
Type: Notice
Date: 2007-04-11
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-6847
Type: Notice
Date: 2007-04-11
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-6705
Type: Notice
Date: 2007-04-10
Agency: Federal Reserve System, Agencies and Commissions
Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks
Document Number: 07-1716
Type: Rule
Date: 2007-04-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Comptroller of the Currency
The OCC, Board, FDIC, and OTS (collectively, the Agencies) are jointly issuing and requesting public comment on these interim rules to implement the Financial Services Regulatory Relief Act of 2006 (FSRRA) and related legislation (collectively the Examination Amendments). The Examination Amendments permit insured depository institutions (institutions) that have up to $500 million in total assets, and that meet certain other criteria, to qualify for an 18-month (rather than 12-month) on-site examination cycle. Prior to enactment of FSRRA, only institutions with less than $250 million in total assets were eligible for an 18-month on-site examination cycle. The OCC, Board, and FDIC are making parallel changes to their regulations governing the on-site examination cycle for U.S. branches and agencies of foreign banks (foreign bank offices), consistent with the International Banking Act of 1978 (IBA). In addition to implementing the changes in the Examination Amendments, the Agencies are clarifying when a small insured depository institution is considered ``well managed'' for purposes of qualifying for an 18-month examination cycle.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-6603
Type: Notice
Date: 2007-04-09
Agency: Federal Reserve System, Agencies and Commissions
Reserve Requirements of Depository Institutions
Document Number: E7-6473
Type: Rule
Date: 2007-04-06
Agency: Federal Reserve System, Agencies and Commissions
The Board of Governors is revising its 1980 interpretation of Regulation D (Reserve Requirements of Depository Institutions) setting forth criteria for the ``bankers' bank'' exemption from reserve requirements. The interpretation sets forth the standards that the Board uses in applying the statutory and regulatory requirements for the bankers' banks exemption to specific institutions. The revised interpretation specifies that the Board may determine, on a case-by- case basis, whether certain entities not already expressly listed in the interpretation may become customers to a limited extent of bankers' banks that remain exempt from reserve requirements.
Proposed Agency Information Collection Activities; Comment Request
Document Number: 07-1708
Type: Notice
Date: 2007-04-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Comptroller of the Currency
The OCC, Board, FDIC and OTS (collectively, the Banking Agencies), as part of their continuing effort to reduce paperwork and respondent burden, invite the general public and other Federal agencies to comment on the proposed extension, with revision, of the interagency Transfer Agent and Amendment Form, as required by the Paperwork Reduction Act of 1995. OTS seeks to implement an amendment to section 3(a)(34) of the Securities Exchange Act of 1934 (the Act), pursuant to a provision of the Financial Services Regulatory Relief Act of 2006 (FSRRA), enacted on October 13, 2006. This implementation would institute the use of the TA-1 for savings associations intending to engage in transfer agent activities. The Banking Agencies may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies; Correction
Document Number: E7-6334
Type: Notice
Date: 2007-04-05
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-6333
Type: Notice
Date: 2007-04-05
Agency: Federal Reserve System, Agencies and Commissions
Interagency Proposal for Model Privacy Form Under the Gramm-Leach-Bliley Act
Document Number: C7-1476
Type: Proposed Rule
Date: 2007-04-05
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Federal Trade Commission, National Credit Union Administration, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Commodity Futures Trading Commission
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-6219
Type: Notice
Date: 2007-04-04
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E7-6178
Type: Notice
Date: 2007-04-04
Agency: Federal Reserve System, Agencies and Commissions
Proposed Agency Information Collection Activities; Comment Request
Document Number: E7-6042
Type: Notice
Date: 2007-04-02
Agency: Federal Reserve System, Agencies and Commissions
Background. On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board of Governors of the Federal Reserve System (Board) its approval authority under the Paperwork Reduction Act, as per 5 CFR 1320.16, to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board under conditions set forth in 5 CFR 1320 Appendix A.1. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instruments are placed into OMB's public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-6041
Type: Notice
Date: 2007-04-02
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E7-5946
Type: Notice
Date: 2007-04-02
Agency: Federal Reserve System, Agencies and Commissions