This issue features the CECL questionnaire, a reminder about debts previously contracted, ATM Jackpotting and Revised Interagency Application Forms.
The federal financial agencies have extended the public comment deadline on a proposed interagency rule to simplify and tailor compliance requirements for the “Volcker Rule,” which restricts banking entities’ ability to engage in proprietary trading and own or control hedge funds or private equity funds. The deadline is October 17, 2018.
A new interim final rule, effective today, requires the federal banking agencies to treat municipal obligations as a high-quality liquid asset (HQLAs) under their liquidity coverage ratio rules if those obligations are considered "liquid and readily marketable" and "investment grade." Companies covered by the liquidity coverage ratio rules must maintain an amount of HQLAs equal to or greater than their projected total net cash outflows over a prospective 30 calendar-day period. The changes implement requirements in the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The deadline for public comment is October 1, 2018.
The National Federal Reserve Financial Services website presents the products and services available for institutions in the Fifth District.
Learn about common frauds and scams including the Counterfeit Cashier's Check.
The Supervision News Flash helps you stay abreast of topics and trends affecting institutions in the Fifth Federal Reserve District.
