FR 2900 Fall 2014 Newsletter
A new interagency final rule, published today in the Federal Register, requires large and internationally active banking organizations to hold assets easily and quickly convertible into enough cash to cover their projected net cash outflows during a 30-day stress period. Covered U.S. banking organizations must fully comply with the rule by January 1, 2017.
A new interagency final rule, published today in the Federal Register, changes the supplementary leverage ratio in a way that should better capture a banking organization’s on- and off-balance-sheet exposures. “Advanced approaches” banking organizations must disclose their supplemental leverage ratios beginning January 1, 2015 and comply with the rule’s minimum supplementary leverage ratio requirement beginning January 1, 2018.
The counterfeit cashier's check scheme traditionally targets people who are selling items over the Internet or through classified ads. The cashier's check given to a seller and/or potential employee may be fraudulent and eventually returned to the bank.
The National Federal Reserve Financial Services website presents the products and services available for institutions in the Fifth District.