A new proposal, published today in the Federal Register, would establish annual assessments on systemically important bank holding companies, savings and loan holding companies, and nonbank financial companies. These assessments are designed to cover the costs the Federal Reserve incurs supervising these entities. The deadline for comments is June 15.

A new final rule, published today in the Federal Register, defines how holding companies and nonbank financial companies qualify as “predominantly engaged in financial activities” or “significant.” These definitions will help determine which firms require enhanced prudential supervision by the Federal Reserve. The rule takes effect May 6.

A new final rule, published today in the Federal Register, sets standards for banking organizations that are regulated by the Federal Reserve and conduct certain kinds of retail foreign exchange transactions. The rule takes effect May 13.

Final stress-testing rules, published today in the Federal Register, require the largest bank holding companies and their state member bank subsidiaries to conduct their own stress tests this fall and disclose those results next spring. Holding companies with total assets between $10 billion and $50 billion must conduct their first stress tests in the fall of 2013 and do not need to publicly disclose those first tests’ results.

Federal agencies published notice today that they have reopened the comment period on a proposed rule to establish margin and capital requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants. The reopened comment period will close November 26.

The Federal Reserve is considering whether to delay the effective date of certain Dodd-Frank Act stress-testing requirements. The delay under consideration, which would apply to company-run stress tests at bank holding companies, state member banks, and savings and loan holding companies with between $10 billion and $50 billion in total consolidated assets, would help ensure that these companies have sufficient time to develop their stress-testing programs.

A new proposed interagency rule would amend the Truth in Lending Act and set new standards for appraisals related to “higher-risk loans,” those residential mortgage loans with APRs exceeding the average prime offer rate for comparable transactions. Comments on the proposal are due October 15, except for comments on the proposal’s Paperwork Reduction Act analysis, which are due 60 days from its forthcoming publication in the Federal Register.

The Federal Reserve has extended the public comment period on the proposed interagency rule, designed to implement the Basel III regulatory capital reforms, until October 22.

The Federal Reserve and OCC have extended the deadline by which borrowers can seek review of their mortgage foreclosures to December 31.

A new final Federal Reserve rule establishes risk-management standards for financial market utilities (FMUs) the Financial Stability Oversight Council designates as systemically important. The rule also sets standards these designated FMUs must meet when they intend to make material changes to their rules, procedures, or operations. The rule takes effect September 14.

Under newly approved amendments to Reg. II, debit card issuers can receive fraud-prevention adjustments if they develop, implement, and maintain policies and procedures designed to reduce the occurrence and costs of fraudulent debit card transactions. The amended rule takes effect October 1.

New supervisory guidance outlines a new optional process by which banking organizations can seek the Federal Reserve’s feedback on potential bank acquisitions or other proposals. This new pre-filing process is intended to help ease and shorten the formal application process for infrequent filers, like some community banks, or potential filers with novel proposals.

The federal banking regulatory agencies have updated their host state loan-to-deposit ratios, which the agencies use to determine compliance with Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994.

New guidance, released today, will help determine the compensation or other remedy borrowers will receive for financial injury identified during the Independent Foreclosure Review. Eligible borrowers may request a free review of their mortgage foreclosures through September 30.

The federal financial regulatory agencies have released new guidance to help ensure that mortgage servicers meet their obligations to military servicemembers who’ve received Permanent Change of Station orders.

Three new proposed rules seek to establish an integrated regulatory capital framework. Public comments are due September 7.

Changes to the market risk capital rule, which requires banking organizations with significant trading activities to adjust their capital requirements to account for market risk, are now final. The approved final rule takes effect January 1, 2013.

A new final rule, published today in the Federal Register and effective July 20, outlines the procedure by which an SHC, a nonbank company that owns at least one registered broker-dealer, can choose Federal Reserve supervision.

As part of an effort to minimize unnecessary regulatory burden, the federal financial prudential regulators and the Consumer Financial Protection Bureau have entered a Memorandum of Understanding to coordinate the supervision of insured depository institutions with greater than $10 billion in assets.

A new statement from the Federal Reserve, FDIC, and OCC clarifies that stress-testing requirements for banking organizations with total consolidated assets of greater than $10 billion don’t apply to community banks. Community banks should have a sound risk management program, however, that allows them to analyze the potential effect of adverse outcomes.

A new final rule, published today in the Federal Register, simplifies the administration of reserve requirements. Two of the changes, the discontinuation of certain as-of adjustments and the elimination of the contractual clearing balance program, are effective July 12, 2012. Two others, the creation of a common two-week maintenance period and the replacement of carryover and routine penalty waivers with a penalty-free reserve balance range, are effective January 24, 2013.

A new final rule, published today in the Federal Register, eliminates references to as-of adjustments, clarifies the application of Regulation J to Fedwire funds transfers, and clarifies rules related to Reserve Bank handling of checks. These amendments take effect July 12, 2012.

A new proposed amendment to Regulation Y, published today in the Federal Register, would clarify the definition of “financial activities,” one of the key criteria used to determine whether a company is subject to Title I of the Dodd-Frank Act. The deadline for public comment is May 25.

As part of an orderly OREO disposition strategy, banking organizations may rent residential properties acquired in foreclosure and, to the extent those OREO properties meet the Community Reinvestment Act’s definition of “community development,” receive favorable CRA consideration for them.

Proposed new guidance, published today in the Federal Register, would replace existing interagency guidance and focus on five main areas: risk-management frameworks; underwriting standards; valuation standards; pipeline management; and reporting and analytics. The deadline for public comment is June 8.

New supervisory guidance on allowance for loan and lease losses (ALLL) estimation practices, out today, reminds regulated financial institutions to monitor all credit quality indicators relevant to credit portfolios, including loans and lines of credit secured by junior liens on one- to four-family residential properties.

The Federal Reserve will hold three public meetings to collect information to help it weigh the expected public benefits of Capital One Financial Corporation’s proposed acquisition of ING Bank. The meetings will take place in Washington, DC on September 20, in Chicago on September 27, and in San Francisco on October 5. Requests to testify are due September 9 for the Washington meeting, September 15 for the Chicago meeting, and September 23 for the San Francisco meeting.

A new proposal outlines procedures for securities holding companies to elect Federal Reserve supervision. Public comments on the proposal are due October 11.

The Federal Reserve proposes a two-year phase-in for regulatory reporting requirements for most savings and loan holding companies and an initial reporting exemption for others. Public comments on the proposal are due November 1.

New federal supervisory guidance, published June 15 in the Federal Register, outlines general principles for satisfactory stress-testing practices at banking organizations with total consolidated assets of $10 billion or greater. Public comments on the guidance are due July 29.

A final rule, adopted by the Federal Reserve, OCC and FDIC, sets a floor for the risk-based capital requirements applicable to the largest, internationally active banking organizations. The rule takes effect 30 days from publication in the Federal Register.

The dollar threshold for consumer credit and lease transactions exempt from Regulations Z and M, respectively, has been increased to $50,000 for 2012. This annual adjustment will take effect January 1.

The fee dollar amount that triggers additional disclosures for certain home mortgage loans under the Truth in Lending Act and Home Ownership and Equity Protection Act of 1994 has been adjusted to $611 for 2012. This annual adjustment will take effect January 1.

An interim final rule, effective upon publication in the Federal Register, will allow small bank holding companies that are S-Corp or Mutual BHCs to exclude certain kinds of subordinated debt from treatment as debt for purposes of the Federal Reserve's Small BHC debt-to-equity standard. Public comments on the rule are due July 30.

Under a new proposal, top-tier BHCs with total consolidated assets of $50 billion or greater would have to submit annual capital plans for review by the Federal Reserve. Public comments on the proposal are due August 5.

The deadline for public comment on the federal financial regulatory agencies' proposal has been extended to August 1.

Under a new proposed rule just published in the Federal Register, remittance transfer providers would have to make certain new disclosures to their customers, and those customers would have new rights to error resolution and cancellation. Public comments are due July 22.

Under proposed changes to the regulation, creditors would have to determine a prospective borrower's ability to repay before making a loan and establish minimum underwriting standards. These changes implement requirements imposed by the Dodd-Frank Act. Public comments on the proposal are due July 22.

The Federal Reserve, which assumes supervisory and regulatory authority for savings & loan holding companies (SLHCs) and their non-depository subsidiaries on July 21, seeks comment on its proposed supervisory approach to SLHCs. Public comments on the proposal are due May 23.

A joint proposal from the federal financial regulatory agencies would prohibit certain potentially risky incentive compensation arrangements at financial institutions with more than $1 billion in assets. Public comments on the proposal, which has just been published in the Federal Register, are due May 31.

As required by the Dodd-Frank Act, the Board has proposed to repeal its Regulation Q, which prohibits the payment of interest on demand deposits by Federal Reserve member institutions. Public comments on the proposal, which has just been published in the Federal Register, are due May 16.

Under a proposed amendment to Regulation CC, depositary banks would be entitled to expeditious return of checks only if they agree to receive returned checks electronically and paying banks would be allowed to require electronic presentment of checks presented for same-day settlement. The amendment would also shorten the safe-harbor period for an exception hold to four business days. Public comments on the proposal are due June 3.

The Federal Reserve and Federal Trade Commission are proposing new model forms and notices to comply with new credit score disclosure requirements included in the Dodd-Frank Wall Street Reform and Consumer Protection Act. Public comments are due 30 days after publication in the Federal Register.

An approved final rule, just published, explains how much time banking companies and nonbank financial companies supervised by the Federal Reserve will have to make their investments and activities conform to the so-called “Volcker Rule,” which restricts proprietary trading and relationships with hedge funds. The rule takes effect April 1.

A joint rule proposed by five federal agencies, including the Federal Reserve, would impose margin and capital requirements on regulated swap entities. Public comments on the proposal are due June 24.

Under a proposed rule from the Federal Reserve and FDIC, systemically significant bank holding companies and nonbank financial companies would have to submit annual plans describing their strategies for rapid, orderly resolution in bankruptcy. These companies would also have to submit quarterly credit exposure reports. Public comments on the proposal are due June 10.

A new proposal sets standards to help determine whether a financial company qualifies for the Federal Reserve's new enhanced consolidated prudential supervision. Comments on the proposal are due March 30.

The federal bank and thrift regulatory agencies have proposed changes to thrift and thrift holding company reporting requirements. The changes are designed to bring uniformity to reporting requirements for insured banks and savings institutions and to do likewise for all holding companies supervised by the Federal Reserve. Comments on the proposed changes are due in April.

In light of its July 2011 transfer of Truth In Lending authority to the new Bureau of Consumer Financial Protection, the Federal Reserve will not finalize three pending proposed amendments to Regulation Z. The proposed amendments addressed disclosures for closed-end loans and home equity lines of credit, reverse mortgages, and rescission rights.

Effective January 31, residential mortgage loan originators employed by banks, thrifts, credit unions, or the Farm Credit System must register with the Nationwide Mortgage Licensing System and Registry.

A final interagency rule, substantially similar to one proposed this past June, expands Community Reinvestment Act consideration of neighborhood stabilization activities. The rule takes effect next month.

The Federal Reserve, FDIC, and OCC seek comment on proposed new market risk capital rules for banking organizations that engage in significant trading activity. Comments are due in March, 2011.

New proposed amendments to Regulation Z and Regulation M would apply the Truth In Lending Act and the Consumer Leasing Act, respectively, to consumer credit transactions and leases of up to $50,000. The current limit is $25,000. The proposed amendments are intended to implement requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act. Public comments are due February 1.

New interagency guidance explains minimum regulatory standards for appraisals of collateral for mortgages and other loans. The new guidance replaces previous guidance on the subject.

New joint final guidance, out today, seeks to ensure that incentive compensation arrangements at banking organizations appropriately tie rewards to longer-term performance and don't undermine the firm's safety and soundness or create undue risks to the financial system.

A new proposed rule would encourage depository institutions to support HUD's Neighborhood Stabilization Program (NSP) by lending and investing to support NSP activities in certain areas.

The final rule implementing the Credit CARD Act of 2009 has been approved and will take effect August 22.

Over the coming months, the Federal Reserve will conduct up to five small-value offerings of term deposits under the Term Deposit Facility. The first of these offerings could be as early as mid-June. These small-value offerings are designed to allow participants to familiarize themselves with term deposit procedures. The term deposits offered will be simple fixed-rate instruments with maturities of 84 days or less, offered primarily, though not exclusively, through competitive single-price auctions.

The Federal Reserve approved amendments to Reg. D to allow Reserve Banks to offer term deposits. These amendments will take effect 30 days from May 5, the date of their publication in the Federal Register.

Final guidance, published today in the Federal Register, addresses risks associated with funding and credit concentrations arising from correspondent relationships.

A new final rule, part of the Credit CARD Act of 2009’s implementation, restricts, among other things, inactivity fees for gift cards and other kinds of prepaid products. The rule takes effect August 22.

A new proposed rule, part of the Credit CARD Act of 2009’s implementation, would protect credit card users from unreasonable late payment and other penalty fees and would require card issuers to reconsider interest rate increases. Public comments on the proposed rule are due by April 14.

The Federal Reserve has launched a new interactive website, designed to help consumers understand the new credit card protections taking effect February 22

The Federal Reserve has clarified the overdraft rules it issued in late 2009 under Regulations E and DD. Public comment on the proposed clarifications are due in late March. A new online manual is designed to help consumers understand new protections against overdraft fees on debit-card and ATM transactions.

Effective today, the discount rate increases from 0.5 to 0.75 percent. Effective March 18, the typical maximum maturity for primary credit loans will shorten to overnight. The minimum bid rate for the final TAF auction on March 8 will be 0.5 percent, up from 0.25 percent.

A new advisory, out today, reemphasizes the importance of sound practices to manage interest rate risk.

The Federal Reserve Board has approved amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve Banks’ check-processing operations.

The Federal Reserve has proposed auctioning interest-bearing term deposits to eligible institutions. Public comments on the proposal are due February 1, 2010.

Under new Federal Reserve and Federal Trade Commission rules, creditors must provide risk-based pricing notices to those consumers whose credit reports caused them to receive credit on terms less favorable than those applied to other consumers. The rules take effect in 2011.

The Basel Committee on Banking Supervision seeks public comment on proposed new capital and liquidity standards. Comments are due April 16, 2010.

The compliance date for the Department of the Treasury’s and the Federal Reserve’s joint final rule implementing certain provisions of the Unlawful Internet Gambling Enforcement Act has been extended to June 1, 2010.

New proposed rules would restrict the fees and expiration dates that apply to many gift cards. Public comments on the proposed rules are due December 21.

A final rule allowing mortgage loans modified under the Home Affordable Mortgage Program to retain their pre-modification risk weights takes effect December 21.

A final rule allowing mortgage loans modified under the Home Affordable Mortgage Program to retain their pre-modification risk weights takes effect December 21.

A new final model privacy notice, designed to enable compliance with the Financial Services Regulatory Relief Act of 2006, is now available.

An approved interim rule under the Helping Families Save Their Homes Act requires notice to consumers whose mortgage loans have been sold or transferred. Compliance with the interim rule is optional until January 19, 2010. Public comments on the interim rule are also due at that time.

Final rules requiring financial institutions to obtain consumer consent before charging fees for overdraft protection on ATM and one-time debit card transactions take effect January 19, 2010 with a mandatory compliance date of July 1, 2010.

On December 12, check-processing operations will move from the head office of the Federal Reserve Bank of Philadelphia to the head office of the Federal Reserve Bank of Cleveland. Changes to Reg. CC’s Appendix A reflecting this change will take effect at that time.

The 2010 fee schedule for priced services, effective January 4, is now available.

A new Federal Reserve policy statement, out today, provides guidance for commercial real estate loan workouts.

Proposed changes to the Term Asset-Backed Securities Loan Facility (TALF) would establish criteria to determine which credit rating agencies will be eligible to rate asset-backed securities (ABS) pledged as collateral at the TALF and require an additional formal ABS risk assessment by the New York Fed. Public comments on the proposed changes are due November 9, 2009.

New proposed credit card rules would restrict, among other things, interest rate increases, fees associated with subprime cards, and card issuances to consumers under the age of 21. The rules would ban double-cycle billing and payment allocations designed to maximize interest charges. Comments on the proposed rules, which would take effect next February, are due in early November.

New revisions to Regulation S will take effect January 1. The revisions will increase the fees the government pays financial institutions to assemble and produce documents under the Right to Financial Privacy Act and encourage electronic document production.

The Term Auction Facility (TAF) and Term Securities Lending Facility (TSLF) will gradually shrink in scope during the coming months. Consistent with the Federal Reserve's stated goal of gradually scaling back the facilities as financial market conditions improve, the TAF will continue to offer $75 billion per 28-day auction through January, but will likely reduce that volume in early 2010. The TAF's 84-day offerings and TSLF offerings will each shrink to $50 billion in October and $25 billion through the end of the year.

The Federal Reserve will subject nonbank subsidiaries of bank holding companies and foreign banking organizations to the consumer protection laws and regulations it enforces.

A new proposed regulatory capital rule, slated to take effect next year, would change the way banking organizations account for items they currently exclude from their balance sheets. Public comments on the proposed rule and its implementation are due in October.

On October 19, collateral pledged to secure discount window and TAF loans will be subject to a new schedule of margins.

On October 19, collateral pledged to secure discount window and TAF loans will be subject to a new schedule of margins.

Effective January 1, 2010, the fee-based trigger for home mortgage loans will be $579.

Under new final amendments to Regulation Z, private education lenders must make additional disclosures to prospective borrowers, including disclosures about potentially less costly federal student loan programs. The amendments will take effect in early 2010.

The amount of TAF credit offered at each of two August auctions will be reduced to $100 billion.

Comments are due in late November on new proposed mortgage and HELOC disclosure rules.

Federal agencies released revised questions and answers about flood insurance, superseding the questions and answers released in 1997, and requested comment on five new ones. Comments are due September 21, 2009.

The Federal Reserve has approved an interim final rule amending Regulation Z and requiring creditors to give consumers more notice before making significant changes to credit card account terms. Public comments on the rule are due 60 days from the rule's publication in the Federal Register.

Appendix A to Regulation CC now reflects the fact that the Chicago Fed's check-processing operations have moved to the Cleveland Fed.

Federal banking agencies are seeking public comment on the agencies' new guidance for sound management of funding and liquidity risks. Comments are due 60 days from today.

New rules and guidelines to promote the accuracy and integrity of information furnished to credit bureaus and other consumer reporting agencies have become final and will take effect July 1, 2010.

New rules and guidelines to promote the accuracy and integrity of information furnished to credit bureaus and other consumer reporting agencies have become final and will take effect July 1, 2010.

In response to market conditions, the Federal Reserve has extended some of its liquidity programs through February 1, 2010 and either narrowed or suspended others.

The Federal Reserve is seeking nominations for appointments to its Consumer Advisory Council.

The Federal Reserve is seeking nominations for appointments to its Consumer Advisory Council.

The Financial Accounting Standards Board has published two new Statements of Financial Accounting Standards. The Federal Reserve is reviewing the effect these new standards will have on regulatory capital requirements.

Federal agencies have published a set of frequently asked questions designed to help explain compliance with new identity theft rules.

Bank holding companies may include as part of their Tier 1 capital senior perpetual preferred stock issued to the U.S. Treasury Department under the Troubled Asset Relief Program (TARP).

Pending changes to Reg. D and Reg. I will make it easier for community banks using correspondent banks to receive interest on excess balances held at Federal Reserve Banks. These changes and others will take effect 30 days after their publication in the Federal Register. Excess balance accounts will be available for the reserve maintenance period beginning July 2, 2009.

Certain kinds of high-quality commercial mortgage-backed securities issued before January 1, 2009 (Legacy CMBS) will become eligible collateral under the Federal Reserve’s Term Asset-Backed Securities Loan Facility (TALF). The initial subscription date for TALF loans collateralized by newly issued CMBS will be June 16, 2009, and the subscription dates for TALF loans collateralized by Legacy CMBS will follow and be announced in advance.

On June 4, 2009, new technical amendments to Operating Circular 12 will take effect. Among the changes, Appendix C will address National Settlement Service access for FedLine Direct ® users and Appendix B will list the security documentation relevant to FedLine Direct ®.

Two new interest rates will apply to certain loans extended under the Federal Reserve's Term Asset-Backed Securities Loan Facility (TALF) with weighted average lives to maturity of less than two years. The new rates, along with some technical clarifications, will take effect for the May TALF funding.

The Federal Reserve has proposed clarifications to the final credit card rules it issued last December under the Federal Trade Commission and Truth in Lending Acts. Comments on the clarifications are due 30 days from the proposals' publication in the Federal Register.

The Federal Reserve has revised two of the appendices to Operating Circular 4.

Because of changes resulting from the recent implementation of interest payments on reserve balances, the Federal Reserve has proposed changes to the way private sector adjustment factor is calculated. Public comments are due in late May.

The Federal Reserve expanded the set of eligible collateral under the Term Asset-Backed Securities Loan Facility (TALF) to include four additional categories of asset-backed securities. The new categories of collateral will be eligible for the April TALF funding.

The Federal Reserve will purchase up to an additional $750 billion this year of GSE mortgage-backed securities and up to an additional $100 billion of GSE debt this year. The Federal Reserve will also purchase up to $300 billion of longer-term Treasury securities over the next six months.

On March 31, 2009, new limits on the inclusion of trust preferred securities and other restricted core capital elements in bank holding company tier 1 capital were supposed to take effect. In response to the current financial situation, the Board of Governors has delayed imposition of these new limits until March 31, 2011.

The Board of Governors has proposed amendments to Regulation Z (Truth in Lending) that would apply to private student loans, including a three-day right of rescission for consumers and disclosure of a loan's total cost based on the maximum interest rate a creditor can charge. Public comments are due in May.

Daniel K. Tarullo, most recently a professor of international law and banking law at Georgetown University Law Center, was formally sworn in as a member of the Board of Governors of the Federal Reserve System.

Federal agencies announced they will begin stress tests of eligible bank holding companies with assets exceeding $100 billion. The agencies expect to complete the stress tests within the next two months.

Bank holding companies should consult the Federal Reserve before declaring a dividend that could raise safety and soundness concerns, redeeming or repurchasing regulatory capital instruments when experiencing financial weaknesses, or redeeming or repurchasing common stock or perpetual preferred stock that would result in a net reduction in the amount of such equity instruments outstanding for the quarter.

The Federal Reserve Board has approved amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve's check processing operations in the Third and Fifth Districts.

The Federal Reserve is prepared to undertake a substantial expansion of the TALF.

The Federal Reserve Board released additional terms and conditions of the TALF.

The Federal Reserve approved three final rules, previously approved as interim rules, to facilitate participation in the AMLF and the provision of liquidity to affiliates for assets typically funded in the tri-party repo market.

The Federal Reserve will help avoid preventable foreclosures on some residential mortgage assets held by a Reserve Bank.

Comments are due March 2 on a proposal to allow particular institutions to earn interest at the excess-balance rate in Reserve Bank accounts managed by a correspondent or other agent.

Federal Reserve check processing operations in Charlotte will move to Atlanta on March 21. This will cause some formerly nonlocal checks to become local under Regulation CC's expedited availability rules.

The Federal Reserve expanded eligibility to participate in the Money Market Investor Funding Facility and made adjustments so that the program can remain a viable source of backup liquidity even at low market interest rates.

Federal agencies published revised questions and answers on CRA, adding 9 answers, revising 14, and requesting comment by Mar. 9 on three new or revised answers.