Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions and their Customers Affected by California Wildfires
Federal and state financial regulatory agencies recognize the serious impact of the California wildfires on the customers, members, and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision. The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities.
The OCC's Mutual Savings Association Advisory Committee Charter Renewed
The Office of the Comptroller of the Currency has renewed the charter of its Mutual Savings Association Advisory Committee (MSAAC), which advises the agency on issues and opportunities facing mutual savings institutions.
Agencies Propose Rule to Update Calculation of Derivative Contract Exposure Amounts under Regulatory Capital Rules
Three federal banking agencies on Tuesday invited public comment on a proposal to update their standards for how firms measure counterparty credit risk posed by derivative contracts under the agencies’ regulatory capital rules.
Expanding Eligibility to File the FFIEC 051 Call Report: Notice of Proposed Rulemaking
The OCC, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation published a notice of proposed rulemaking to implement section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The proposed rule would expand the eligibility to file the FFIEC 051 report of condition, which is the most streamlined version of the call report.
FDIC Issues List of Banks Examined for CRA Compliance
FDIC Releases Report on Small Business Lending Survey