OCC Report Discusses Key Risks for Federal Banking System
The Office of the Comptroller of the Currency reported credit, operational, and compliance risks are key concerns for the federal banking system in its Semiannual Risk Perspective for Fall 2017.
Agencies Announce Shared National Credit Definition Change; Aggregate Loan Commitment Threshold Increased to Adjust for Inflation, and Changes in Average Loan Size
The federal banking agencies announced that, effective January 1, 2018, the aggregate loan commitment threshold for inclusion in the Shared National Credit (SNC) program will increase from $20 million to $100 million. The SNC program is an interagency review and assessment of risk in the largest and most complex credits shared by multiple financial institutions. This is the first increase in the dollar threshold for inclusion as a SNC since the program's inception.
Tax Reform: Interagency Statement on Accounting and Reporting Implications of the New Tax Law
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued an interagency statement for supervised financial institutions on accounting and reporting implications of the new tax law and certain related matters. Changes required as a result of the new law, which was enacted on December 22, 2017, are relevant to December 31, 2017, financial statements and regulatory reports.
Office of the Comptroller of the Currency Fees and Assessments: Calendar Year 2018 Fees and Assessments Structure
Bulletin 2017-60 informs all national banks, federal savings associations, and federal branches and agencies of the OCC's fees and assessments for calendar year 2018.
Opening Statement of FDIC Chairman Martin Gruenberg: Second Quarter 2015 Quarterly Banking Profile
Agencies Announce Joint Determinations for Living Wills
Agencies Amend CRA Regulations to Conform to HMDA Regulation Changes and Remove References to the Neighborhood Stabilization Program
FDIC Makes Public September Enforcement Actions