On Wednesday December 31, 2008 the Federal Deposit Insurance Corporation (FDIC) signed a letter of intent to sell the banking operations of IndyMac Federal Bank, FSB, Pasadena, California, to a thrift holding company controlled by IMB Management Holdings LP, a limited partnership.
The attached material pertains to the Consolidated Reports of Condition and Income (Call Report) for the December 31, 2008, report date. Please plan to complete the preparation, editing, and review of your bank's Call Report data and the submission of these data to the agencies' Central Data Repository (CDR) as early...
The Federal Reserve on Tuesday announced that it expects to begin operations in early January under the previously announced program to purchase mortgage-backed securities (MBS) and that it has selected private investment managers to act as its agents in implementing the program.
The Treasury Department today announced that it will purchase $5 billion in senior preferred equity with an 8% dividend from GMAC LLC as part of a broader program to assist the domestic automotive industry in becoming financially viable.
As different wireless technologies are launched to enable user mobility and provide pervasive network and service accessibility, security has been a prominent requirement for U.S. Federal Government in such access environments.
The Federal Reserve Board on Wednesday announced its approval of the application and notices under sections 3 and 4 of the Bank Holding Company Act by GMAC LLC and IB Finance Holding Company, LLC, both of Detroit, Michigan, to become bank holding companies on conversion of GMAC Bank, a Utah industrial loan company, to...
The Federal Deposit Insurance Corporation (FDIC) and the Commonwealth of Pennsylvania Department of Banking have executed an information-sharing agreement allowing for the exchange of information relating to Money Services Businesses (MSB) supervision.
The federal bank, credit union, and thrift regulatory agencies today announced publication of a revised identity theft brochure - You Have the Power to Stop Identity Theft - to assist consumers in preventing and resolving identity theft.
The Office of the Comptroller of the Currency and the Office of Thrift Supervision issued their second report on mortgage performance today showing continued increases in delinquencies and foreclosures in process.