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.

June 16, 2015

Regulatory Capital

New final interagency capital rules, applicable to large banking organizations that calculate their capital ratios according to the “advanced approaches” rule, take effect October 1, 2015.

June 9, 2015

Dodd-Frank Act

As directed by the Dodd-Frank Act, a new final interagency rule sets standards for assessing the policies and practices supervised financial institutions use to promote diversity and inclusion in their business, management, and employment activities. The federal financial supervisory agencies seek public comment on the information-collection process these new standards will entail. The deadline for public comment is August 10, 2015.

May 27, 2015

Automated Clearing House

Proposed enhancements to the ACH network, published today in the Federal Register, would require receiving depository financial institutions to participate in same-day ACH service and require originating depository financial institutions to pay a fee to RDFIs for each same-day ACH forward transaction. The voting members of NACHA – The Electronic Payments Association recently approved the changes, and Reserve Banks would incorporate the changes into their Operating Circular 4. The deadline for public comment on Reserve Banks’ adoption of these changes is July 2, 2015.

May 21, 2015

Liquidity Coverage Ratio

A new proposed rule would add certain general-obligation state and municipal bonds to the list of assets a large banking organization can use to satisfy the LCR, a requirement designed to ensure large banking organizations can meet their liquidity needs during periods of financial stress. The change would affect only those institutions supervised by the Federal Reserve and subject to the LCR. The deadline for public comment is July 24, 2015.

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.

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