Federal Reserve System 2009 – Federal Register Recent Federal Regulation Documents

Reserve Requirements of Depository Institutions Policy on Payment System Risk
Document Number: E9-31040
Type: Proposed Rule
Date: 2009-12-31
Agency: Federal Reserve System, Agencies and Commissions
The Board is requesting public comment on proposed amendments to Regulation D, Reserve Requirements of Depository Institutions, to authorize the establishment of term deposits. Term deposits are intended to facilitate the conduct of monetary policy by providing a tool for managing the aggregate quantity of reserve balances. Institutions eligible to receive earnings on their balances in accounts at Federal Reserve Banks (``eligible institutions'') could hold term deposits and receive earnings at a rate that would not exceed the general level of short-term interest rates. Term deposits would be separate and distinct from those maintained in an institution's master account at a Reserve Bank (``master account'') as well as from those maintained in an excess balance account. Term deposits would not satisfy required reserve balances or contractual clearing balances and would not be available to clear payments or to cover daylight or overnight overdrafts. The proposal also would make minor amendments to the posting rules for intraday debits and credits to master accounts as
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-30937
Type: Notice
Date: 2009-12-30
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-30876
Type: Notice
Date: 2009-12-30
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-30875
Type: Notice
Date: 2009-12-30
Agency: Federal Reserve System, Agencies and Commissions
Community Reinvestment Act Regulations
Document Number: E9-30646
Type: Rule
Date: 2009-12-29
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 (collectively, the ``agencies'') are amending their Community Reinvestment Act (CRA) regulations to adjust the asset-size thresholds used to define ``small bank'' or ``small savings association'' and ``intermediate small bank'' or ``intermediate small savings association.'' As required by the CRA regulations, the adjustment to the threshold amount is based on the annual percentage change in the Consumer Price Index.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-30631
Type: Notice
Date: 2009-12-28
Agency: Federal Reserve System, Agencies and Commissions
Home Mortgage Disclosure
Document Number: E9-30603
Type: Rule
Date: 2009-12-28
Agency: Federal Reserve System, Agencies and Commissions
The Board is publishing a final rule amending the staff commentary that interprets the requirements of Regulation C (Home Mortgage Disclosure) to reflect no change in the asset-size exemption threshold for depository institutions based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPIW). The exemption threshold remains $39 million. The CPIW decreased by 0.98 percent during the twelve-month period ending in November 2009, but this change is too small to warrant any reduction in the exemption threshold pursuant to Regulation C. Therefore, depository institutions with assets of $39 million or less as of December 31, 2009 are exempt from collecting data in 2010.
Agency Information Collection Activities: Submission for OMB Review; Joint Comment Request
Document Number: E9-30489
Type: Notice
Date: 2009-12-23
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, Comptroller of the Currency
In accordance with the requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the OCC, the Board, and the FDIC (the ``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. On August 19, 2009, the agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), requested public comment for 60 days on a proposal to extend, with revision, the Consolidated Reports of Condition and Income (Call Report), which are currently approved collections of information. After considering the comments received on the proposal, the FFIEC and the agencies will proceed with most of the reporting changes with some limited modifications in response to the comments.
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-30362
Type: Notice
Date: 2009-12-22
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-30100
Type: Notice
Date: 2009-12-18
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-30075
Type: Notice
Date: 2009-12-18
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-30074
Type: Notice
Date: 2009-12-18
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-29873
Type: Notice
Date: 2009-12-16
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-29791
Type: Notice
Date: 2009-12-15
Agency: Federal Reserve System, Agencies and Commissions
Proposed Agency Information Collection Activities; Comment Request
Document Number: E9-29734
Type: Notice
Date: 2009-12-15
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 (PRA), 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 Part 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: E9-29652
Type: Notice
Date: 2009-12-14
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-29651
Type: Notice
Date: 2009-12-14
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-29564
Type: Notice
Date: 2009-12-11
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-29563
Type: Notice
Date: 2009-12-11
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-29319
Type: Notice
Date: 2009-12-09
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-29318
Type: Notice
Date: 2009-12-09
Agency: Federal Reserve System, Agencies and Commissions
Extensions of Credit by Federal Reserve Banks
Document Number: E9-29296
Type: Rule
Date: 2009-12-09
Agency: Federal Reserve System, Agencies and Commissions
This final rule amends Regulation A to provide a process by which the Federal Reserve Bank of New York may determine the eligibility of credit rating agencies in the Term Asset-backed Securities Loan Facility. The final rule does not apply to discount window lending or other extensions of credit provided by the Federal Reserve System. In addition, the final rule only applies to asset- backed securities that are not backed by commercial real estate. The amendment does not represent a change in the stance of monetary policy.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-29271
Type: Notice
Date: 2009-12-09
Agency: Federal Reserve System, Agencies and Commissions
Federal Open Market Committee; Domestic Policy Directive of November 3 and 4, 2009
Document Number: E9-29266
Type: Notice
Date: 2009-12-09
Agency: Federal Reserve System, Agencies and Commissions
Sunshine Act Meeting
Document Number: E9-29320
Type: Notice
Date: 2009-12-08
Agency: Federal Reserve System, Agencies and Commissions
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Document Number: E9-29184
Type: Notice
Date: 2009-12-08
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: E9-29091
Type: Notice
Date: 2009-12-07
Agency: Federal Reserve System, Agencies and Commissions
E9-28596
Document Number: E9-28596
Type: Rule
Date: 2009-12-07
Agency: Federal Reserve System, Agencies and Commissions
The Board is issuing this agenda under the Regulatory Flexibility Act and the Board's Statement of Policy Regarding Expanded Rulemaking Procedures. The Board anticipates having under consideration regulatory matters as indicated below during the period November 1, 2009, through April 30, 2010. The next agenda will be published in spring 2010.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-28976
Type: Notice
Date: 2009-12-04
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-28866
Type: Notice
Date: 2009-12-03
Agency: Federal Reserve System, Agencies and Commissions
Prohibition on Funding of Unlawful Internet Gambling
Document Number: E9-28746
Type: Rule
Date: 2009-12-01
Agency: Department of the Treasury, Federal Reserve System, Agencies and Commissions
This document is published jointly by the Board of Governors of the Federal Reserve System (``Board'') and Departmental Offices, Department of the Treasury (``Treasury'') (collectively, the ``Agencies'') to extend the compliance date for the final regulation implementing applicable provisions of the Unlawful Internet Gambling Enforcement Act of 2006 (the ``Act'').\1\ The final regulation requires non-exempt participants in designated payment systems to establish and implement written policies and procedures that are reasonably designed to identify and block or otherwise prevent or prohibit unlawful Internet gambling transactions restricted by the Act. In extending the compliance date, the Agencies have consulted with the Department of Justice, as required by the Act.
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-28666
Type: Notice
Date: 2009-12-01
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-28665
Type: Notice
Date: 2009-12-01
Agency: Federal Reserve System, Agencies and Commissions
Final Model Privacy Form Under the Gramm-Leach-Bliley Act
Document Number: E9-27882
Type: Rule
Date: 2009-12-01
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
The OCC, Board, FDIC, OTS, NCUA, FTC, CFTC, and SEC (the ``Agencies'') are publishing final amendments to their rules that implement the privacy provisions of Subtitle A of Title V of the Gramm- Leach-Bliley Act (``GLB Act''). These rules require financial institutions to provide initial and annual privacy notices to their customers. Pursuant to Section 728 of the Financial Services Regulatory Relief Act of 2006 (``Regulatory Relief Act'' or ``Act''), the Agencies are adopting a model privacy form that financial institutions may rely on as a safe harbor to provide disclosures under the privacy rules. In addition, the Agencies other than the SEC are eliminating the safe harbor permitted for notices based on the Sample Clauses currently contained in the privacy rules if the notice is provided after December 31, 2010. Similarly, the SEC is eliminating the guidance associated with the use of notices based on the Sample Clauses in its privacy rule if the notice is provided after December 31, 2010.
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-28033
Type: Notice
Date: 2009-11-23
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-28032
Type: Notice
Date: 2009-11-23
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-27955
Type: Notice
Date: 2009-11-23
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-27873
Type: Notice
Date: 2009-11-20
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E9-27872
Type: Notice
Date: 2009-11-20
Agency: Federal Reserve System, Agencies and Commissions
Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance; Capital-Residential Mortgage Loans Modified Pursuant to the Home Affordable Mortgage Program
Document Number: E9-27776
Type: Rule
Date: 2009-11-20
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
The agencies have adopted a final rule to allow banks, savings associations, and bank holding companies (collectively, banking organizations) to risk weight for purposes of the agencies' capital guidelines mortgage loans modified pursuant to the Home Affordable Mortgage Program (Program) implemented by the U.S. Department of the Treasury (Treasury) with the same risk weight assigned to the loan prior to the modification so long as the loan continues to meet other applicable prudential criteria.
Truth in Lending
Document Number: E9-27742
Type: Rule
Date: 2009-11-20
Agency: Federal Reserve System, Agencies and Commissions
The Board is publishing for public comment an interim final rule amending Regulation Z (Truth in Lending). The interim rule implements Section 131(g) of the Truth in Lending Act (TILA), which was enacted on May 20, 2009, as Section 404(a) of the Helping Families Save Their Homes Act. TILA Section 131(g) became effective immediately upon enactment and established a new requirement for notifying consumers of the sale or transfer of their mortgage loans. The purchaser or assignee that acquires the loan must provide the required disclosures in writing no later than 30 days after the date on which the loan is sold or otherwise transferred or assigned. The Board is issuing this interim rule, effective immediately upon publication, so that parties subject to the statutory requirement have guidance on how to comply. However, to allow time for any necessary operational changes, compliance with the interim final rule is optional for 60 days from the date of publication; during this period, covered persons would continue to be subject to the statute's requirements. The Board seeks comment on all aspects of the interim rule.
Electronic Fund Transfers
Document Number: E9-27717
Type: Proposed Rule
Date: 2009-11-20
Agency: Federal Reserve System, Agencies and Commissions
The Board is proposing to amend Regulation E, which implements the Electronic Fund Transfer Act, and the official staff commentary to the regulation, which interprets the requirements of Regulation E. The proposal restricts a person's ability to impose dormancy, inactivity, or service fees for certain prepaid products, primarily gift cards. In addition, the proposal generally prohibits the sale or issuance of such products if they have an expiration date of less than five years. The proposed amendments implement statutory requirements set forth in the Credit Card Accountability Responsibility and Disclosure Act of 2009 that are effective on August 22, 2010.
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E9-27694
Type: Notice
Date: 2009-11-19
Agency: Federal Reserve System, Agencies and Commissions
Sunshine Act Meeting
Document Number: E9-27695
Type: Notice
Date: 2009-11-18
Agency: Federal Reserve System, Agencies and Commissions
Sunshine Act Meeting
Document Number: E9-27739
Type: Notice
Date: 2009-11-17
Agency: Federal Reserve System, Agencies and Commissions
Electronic Fund Transfers
Document Number: E9-27474
Type: Rule
Date: 2009-11-17
Agency: Federal Reserve System, Agencies and Commissions
The Board is amending Regulation E, which implements the Electronic Fund Transfer Act, and the official staff commentary to the regulation, which interprets the requirements of Regulation E. The final rule limits the ability of a financial institution to assess an overdraft fee for paying automated teller machine (ATM) and one-time debit card transactions that overdraw a consumer's account, unless the consumer affirmatively consents, or opts in, to the institution's payment of overdrafts for these transactions.