2003 News Archives

December 29, 2003

• Board Raises Asset-size Exemption Threshold for HMDA Data Collection

December 22, 2003

• Board Requests Comment on FACT Act Final and Proposed Rules
• Board Raises Asset-size Exemption Threshold for HMDA Data Collection

December 15, 2003

• Seventh District Mass Layoff Notices Decline in the Third Quarter of 2003
• Basel Committee Releases Consultative Paper

December 8, 2003

• Regulation Y Final Rule
• Revised Currency Transaction Report

December 1, 2003

• Board Issues Guidance on Change in Bank Control Procedures
• Board Releases Latest Beige Book
• Board Requests Comment on Proposed Amendments to Five Consumer Protection Regulations

November 24, 2003

• FinCEN Details Success of Information Sharing with Authorities
• Treasury Designates Burma and Two Burmese Banks to be of "Primary Money Laundering Concern"

November 17, 2003

• Senate Passes Fair Credit Bill
• House Members Voice Concerns Over Basel II Proposal

November 10, 2003

• Board Issues Reminder on Need for Independence in Collateral Valuation Process
• Board Releases Senior Loan Officer Survey Results
• Joint Request for Comment on Treatment of Losses Under New Basel Capital Accord

November 3, 2003

• New List of Top Banking Risks
• Remarks by Governor Ben S. Bernanke

October 27, 2003

• Board Issues Basel II White Paper
• Board Issues New Bank Secrecy Act Examination Procedures

October 20, 2003

• Board Releases Latest Beige Book
• Treasury And IRS Issue Final Rules On Split-Dollar Life Insurance Arrangements

October 13, 2003

• Governor Ferguson Comments on Future of Financial Services
• FFIEC Releases E-Banking, IT Audit and Fedline Application Handbooks

October 6, 2003

• Board Releases June Foreign Bank Structure and Share Data
• Seventh District Mass Layoff Data Now Available
• Senate Committee Advances Fair Credit Bill
• SEC Releases Results of Hedge Funds Fact-Finding Investigation

September 29, 2003

• June DeNovo Data Available
• OFAC Updates List of Specially Designated Nationals and Blocked Persons

September 22, 2003

• Agencies Seek Comments on Amending Risk-Based Capital Standards
• Treasury and IRS Issue Final Regulations for Split-Dollar Life Insurance Arrangements

September 15, 2003

• Online Guide for Submitting Applications
• Regulators Issue 2003 SNC Review Results
• June 30, 2003 UBPR Now Available Online
• Governor Bernanke's Views on the Economic Outlook

September 8, 2003

• Board Releases Most Recent Beige Book
• FinCEN Directs Institutions to Contact Their Regulators When Updating POCs

September 1, 2003

• Board Seeks Comment on Proposed Interpretation of Anti-tying Restrictions and Amendment to Reg Y
• Board Announces First in Series of Amendments to Reg CC Appendix A

August 25, 2003

• Board Announces Annual Adjustment of Fee-based Trigger for Additional Mortgage Loan Disclosures
• OFAC Updates List of Specially Designated Nationals and Blocked Persons

August 18, 2003

• NEW...Capital Risk Page
• Final Rule on Disciplinary Action for Accountants and Accounting Firms Performing Audit Services
• Comments Sought for Interagency Guidance on Identity Theft Response Programs
• SEC Proposes New Disclosure Requirements

August 11, 2003

• Board Publishes June 2003 Bank Holding Company Supervision Manual Update
• Agencies Request Comments on Proposed Basel Capital Accord
• FFIEC Releases CRA Data
• FFIEC Announces Availability of Mortgage Lending Data From HMDA-Reporting Institutions

August 4, 2003

• Interagency Advisory on Use of Discount Window in Effective Liquidity Management
• Board Releases Latest Version of Beige Book
• FinCEN Adds New Q&A to SAR Filing FAQs

July 28, 2003

• List of Top Banking Risks
• Old Nigerian "Advance Fee" Scam Back in Full Force
• Fair Credit Legislation Advances to House Floor

July 21, 2003

• Board Issues Proposal on Implementation of Basel II
• Board Warns of Fraudulent Federal Reserve Note Schemes

July 14, 2003

• March 2003 Peer Data Now Available
• Emerging Issue in the Reporting of Trust Preferred Securities
• FFIEC: Mortgage Servicers Must Advise Delinquent Borrowers on Counseling
• FFIEC Releases HMDA Rate Spread Calculator

July 7, 2003

• Board Issues Final Rule on Reg Y
• Board Publishes Two Consumer Brochures in Spanish

June 30, 2003

• Basel II Outreach Meeting Summary Available
• FFIEC Agencies Award Contract to Collect Bank Financial Data
• Commercial Exam Manual Updated

June 23, 2003

• Basel II Testimony Before House Financial Services Committee

June 16, 2003

• Community Bank Boards: New Directives, New Directions
• Board Seeks Comment on Reg K Amendments
• Fed Beige Book Released

June 9, 2003

• Suspicious Activity Form Revised
• Application Name Check Procedures to Include Fingerprinting

June 2, 2003

• Fedwire Operating Hours to be Expanded
• FFIEC Issues New HMDA Guide
• Chicago Fed Profitwise Publication

May 26, 2003

• List of Top Banking Risks
• Board Issues Amendments and Final Rule on Regulation CC
• House Subcommittee Approves Check 21 Bill

May 19, 2003

• Governor Bies Remarks on Corporate Governance and the Challenges for Internal Auditors
• Consumer Information Available
• FinCEN Seeks Comment on Proposal to Require FCMs to Report Suspicious Transactions

May 12, 2003

• Guidance Regarding Restrictions on Institutions in Troubled Condition
• Treasury and Financial Regulators Issue Final Rules on Customer Identification
• BIS Forum Reviews Vulnerabilities in the International Financial System
• BIS Releases Results of Third Quantitative Impact Survey

May 5, 2003

• Governor Ferguson Remarks on the Risk Management Implications of Basel II
• BIS Issues Consultative Paper on the New Basel Capital Accord
• FinCEN Offers Materials to Assist Businesses in Fighting Financial Crimes

April 28, 2003

• Agencies Issue Policy on Internal Audit and Outsourcing
• Fed Beige Book Released
• De Novo Banks Page Revised

April 21, 2003

• Governor Olson: Basel II, Implications for Second-Tier and Community-Size Banks
• SEC Extends Temporary Exemption from "Broker" Definition

April 14, 2003

• Governor Ferguson Presents a Realist's Approach to Basel II
• Regulatory Agencies Issue Paper on Sound Practices to Strengthen U.S. Financial System Resilience
• Deposit Insurance Reform Bill Sails Through House

April 7, 2003

• Board Issues Revisions to Reg Z Staff Commentary
• Board Publishes Personal Financial Education Web Site
• House Committee on Financial Services Introduces Bill to Modernize Check Payment System
• House Financial Services Committee Approves Legislation to Strengthen SEC

March 31, 2003

• FinCEN Issues Clarification of USA PATRIOT Act Section 314(a) Searches
• Governor Olson Testified on Regulatory Relief Legislation
• House Committee Introduces Regulatory Relief Bill

March 24, 2003

• Governor Olson on Community Banking
• Agencies Issue Updated Policy Statement on the Internal Audit Function and its Outsourcing
• FinCEN Issues Advisory on Informal Value Transfer Systems
• BIS Quarterly Review on International Banking and Financial Market Developments Now Available

March 17, 2003

• Board Publishes Final Rule on Regulation B
• Board Proposes Amendment to Regulation Y
• BIS Releases Statistics on External Debt
• Treasury Announces New Executive Office for Terrorist Financing and Financial Crimes

March 10, 2003

• Fed Beige Book Released
• Board Publishes List of Foreign Margin Stocks
• Vice Chairman Ferguson Testifies on Basel II

March 3, 2003

• Agencies Issue Advisory on Mortgage Banking Activities
• Governor Bernanke on Financial Condition Effects on the U.S. Recovery Supervision of Operational Risk
• House Committee Hearings on New Basel Capital Accord
• Housing Subcommittee Reviews RESPA Reforms

February 24, 2003

• Board Issues Final Rule Amending Regulation B
• Governor Bies Remarks on Governance and the Financial Markets in the U.S. and Other Countries

February 17, 2003

• Protective Measures under the Homeland Security Advisory System
• Regulation K Interpretation Concerning Securities Underwriting by Foreign Banks
• USA PATRIOT Act - Section 314(a) Information Requests Reinstated
• Vice Chairman Ferguson Remarks on September 11, the Federal Reserve, and the Financial System

February 10, 2003

• New IT Examination Handbook
• January 2003 Senior Loan Officer Survey Results Now Available
• Board Announces Adoption of Final Rule on Disclosure Requirements under the Sarbanes-Oxley Act

February 3, 2003

• Vice Chairman Ferguson to Head Committee on the Global Financial System
• SEC Adopts Rules and Amendments Related to Provisions in the Sarbanes-Oxley Act
• SEC Adopts Various Rules Related to the Sarbanes-Oxley Act of 2002
• BIS Issues Third Quarter 2002 Consolidated Banking Statistics

January 27, 2003

• Top Banking Risks Updated
• Identity Theft Booklet Released
• Fed Beige Book Released
• Niemeier Designated Acting Chairman of the Public Accounting Oversight Board

January 20, 2003

• Board Issues SR Letter on Implementation of Sections 23A and 23B of the Federal Reserve Act
• Board Announces Approval of Final Rule on Regulation K
• Board Issues Guidance on Credit Card Lending Practices
• Board Announces Primary and Secondary Credit Rates for Discount Window Borrowing

January 13, 2003

• Board Announces Primary and Secondary Credit Rates for Discount Window Borrowing
• SAR Filing Requirements for Nonbank Subsidiaries of BHCs and State Member Banks
• Treasury Extends Deadline for Shell Bank Certifications under the USA PATRIOT Act

January 6, 2003

• Board Publishes Report on Alternative
• Instruments for Open Market and Discount Window Operations
• Supervisory Guidance on Lapse in Federal Flood Insurance Authority
• Chairman Greenspan Remarks on Issues for Monetary Policy