The Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky and Arkansas affected by recent severe weather.
Treasury has announced a number of new programs to try to stabilize financial markets but most of its activity during this period has continued to be through its Capital Purchase Program (CPP). As of January 23, Treasury had disbursed about $294 billion in TARP funds, about $194 billion of which was for CPP.
The current U.S. financial regulatory system has relied on a fragmented and complex arrangement of federal and state regulators put into place over the past 150 years that has not kept pace with major developments in financial markets and products in recent decades.
The following reports were recently posted to the Federal Deposit Insurance Corporation's (FDIC) Office of Inspector General (OIG) Web site: www.fdicig.gov under Publications. In cases where an OIG report includes sensitive or confidential information, the OIG may redact certain information in the report, and the...
The attached rule finalizes the interim rule issued in July 2008, which established the FDIC's practices for determining deposit and other liability account balances at a failed insured depository institution.
We are pleased to invite you to join us on February 24, 2009, at 2:00 p.m. for a live discussion about new rules on unfair credit card practices. OTS, along with the Federal Reserve Board and the National Credit Union Administration, issued these rules to address credit card practices that have raised public concern.
The U.S. Treasury Department today announced investments of approximately $1.15 billion in 42 banks across the nation as part of its Capital Purchase Program (CPP), a means to directly infuse capital into healthy, viable banks with the goal of increasing the flow of financing available to small businesses and...
The Federal Financial Institutions Examination Council (FFIEC) has approved revisions to the reporting requirements for the Consolidated Reports of Condition and Income (Call Report). These regulatory reporting revisions will take effect on a phased-in basis during 2009.
The Government Accountability Office (GAO) today released the following reports, testimony, and correspondence: TROUBLED ASSET RELIEF PROGRAM - Status of Efforts to Address Transparency and Accountability Issues.
The Federal Reserve Board on Friday announced two final rules pertaining to the Asset-Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF), which extends loans to banking organizations to finance their purchases of high-quality asset-backed commercial paper from money market mutual funds.
The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of MagnetBank, Salt Lake City, Utah. The bank was closed today by the Utah Department of Financial Institutions and the FDIC was named receiver.