Month: March 2020

Federal Reserve Board announces it will delay by six months the effective date for its revised control framework

Federal Reserve Board announces it will delay by six months the effective date for its revised control framework

Federal Reserve Board announces it will delay by six months the effective date for its revised control framework

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200331a.htm

Federal Reserve announces establishment of a temporary FIMA Repo Facility to help support the smooth functioning of financial markets

Federal Reserve announces establishment of a temporary FIMA Repo Facility to help support the smooth functioning of financial markets

Federal Reserve announces establishment of a temporary FIMA Repo Facility to help support the smooth functioning of financial markets

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200331a.htm

OCC Reports Fourth Quarter 2019 Bank Trading Revenue

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $7.2 billion in the fourth quarter 2019, which was $4.0 million, or 0.1 percent, less than the previous quarter.

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $7.2 billion in the fourth quarter 2019, which was $4.0 million, or 0.1 percent, less than the previous quarter.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-45.html

OCC Hosts Mutual Savings Association Advisory Committee Meeting April 21 Via Teleconference

The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 21, 2020, via teleconference. The teleconference is open to the public and …

The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 21, 2020, via teleconference. The teleconference is open to the public and will begin at 10:00 a.m. Eastern Daylight Time (EDT).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-44.html

Statement of the Comptroller of the Currency on the Enactment of the Nation’s Stimulus Package

Comptroller of the Currency Joseph M. Otting today made the following statement following passage and enactment of the CARES Act to support the nation’s response to COVID-19.

Comptroller of the Currency Joseph M. Otting today made the following statement following passage and enactment of the CARES Act to support the nation's response to COVID-19.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-43.html

Agencies Announce Two Actions to Support Lending to Households and Businesses

The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banking organizations to continue lending to households and businesses–SA-CCR and CECL.

The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banking organizations to continue lending to households and businesses--SA-CCR and CECL.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-42.html

Consumer Financial Protection Bureau Issues Request for Information to Assist Taskforce on Federal Consumer Financial Protection Law

The Bureau issued a request for information to assist the Taskforce on Federal Consumer Financial Law with recommendations on harmonizing, modernizing, and updating the federal consumer financial laws.

The Bureau issued a request for information to assist the Taskforce on Federal Consumer Financial Law with recommendations on harmonizing, modernizing, and updating the federal consumer financial laws.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-rfi-to-assist-taskforce-on-federal-consumer-financial-protection-law/

Statement of the Comptroller of the Currency on the Condition of the Federal Banking System and the Response to COVID-19

Comptroller of the Currency Joseph M. Otting made the following statement during today’s Financial Stability Oversight Council meeting regarding the condition of the federal banking system and its response to the COVID-19 national emergency.

Comptroller of the Currency Joseph M. Otting made the following statement during today's Financial Stability Oversight Council meeting regarding the condition of the federal banking system and its response to the COVID-19 national emergency.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-41.html

Federal Reserve offers regulatory reporting relief to small financial institutions affected by the coronavirus

Federal Reserve offers regulatory reporting relief to small financial institutions affected by the coronavirus

Federal Reserve offers regulatory reporting relief to small financial institutions affected by the coronavirus

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200326b.htm