Regulatory News

These announcements give prompt notice of amendments and proposed amendments to Federal Reserve regulations and policies, summarize them, and provide links to full information.

April 30, 2015

Mortgage Appraisals

A new interagency final rule sets minimum requirements for state registration and supervision of companies that provide appraisal management services to lenders, underwriters, or other principals in the secondary mortgage markets. The rule takes effect 60 days after publication in the Federal Register, which is expected soon, and federally regulated appraisal management companies must comply no later than 12 months from the effective date. Non-federally regulated appraisal management companies in states that have not established their own regulatory structures within 36 months of the effective date will not be allowed to provide appraisal management services for federally related transactions.

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April 16, 2015

Regulation D

Under new proposed amendments to Reg D, published today in the Federal Register, interest paid on excess balances would be calculated based on a daily rate, rather than a two-week average rate. The deadline for public comment is May 18, 2015.

April 9, 2015

Small Bank Holding Company Policy Statement

The new Policy Statement, which allows holding companies (both bank and savings-and-loan) with up to $1 billion in total consolidated assets to operate with higher levels of debt than normally permissible, takes effect May 15, 2015.

Feb. 26, 2015

Financial Literacy

New guidance encourages federally insured depository institutions to develop youth savings programs.

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Feb. 20, 2015

Economic Growth and Regulatory Paperwork Reduction Act

As part of their decennial effort to identify outdated or unnecessary regulations, the federal bank regulatory agencies have requested comment on regulations related to banking operations, capital, and the Community Reinvestment Act. The deadline for public comments is May 14, 2015.

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Feb. 3, 2015

Small Bank Holding Company Policy Statement; Regulatory Capital

Final supervisory guidance, published today in the Federal Register, describes general expectations for the A new proposed rule, published today in the Federal Register, would expand the Policy Statement’s applicability. A new interim final rule would exclude smaller savings and loan holding companies from Regulation Q’s capital requirements if they meet certain standards described in the Policy Statement. Public comments on either rule are due March 5, 2015.

Jan. 29, 2015

Student Loans

New interagency guidance provides principles financial institutions should consider when originating private student loans with graduated repayment terms.

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Dec. 30, 2014

Regulatory Capital; Liquidity Coverage Ratio

A new interagency interim final rule, published today in the Federal Register, clarifies that regulatory treatment of certain financial instruments and transactions remains unaffected by foreign special resolution regimes or the ISDA’s Resolution Stay Protocol. The rule takes effect January 1, 2015, and applies to banking organizations other than state nonmbember banks. The deadline for public comments is March 3, 2015.

Dec. 23, 2014

Regulation Z

The dollar amount used to determine whether a small loan is exempt from special appraisal requirements has increased from $25,000 to $25,500. The increase is based on recent changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers.

Dec. 19, 2014

Community Reinvestment Act

Based on the most recent annual adjustment to the asset-size thresholds that define “small” and “intermediate small” banks and thrifts, “small” now denotes total assets below $1.221 billion and “intermediate small” now denotes total assets below $1.221 billion but above $305 million.

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