Bank Notes

  • October 6, 2017
    On Friday, October 6, 2017, the OCC is requesting comment on a proposed rule to shorten the standard settlement cycle for securities purchased or sold by national banks or federal savings associations (collectively, banks). The proposal was issued jointly with the FDIC. The OCC initially posted the proposal to its website on September 1, 2017. It was published in the Federal Register on September...
  • October 5, 2017
    On Thursday, October 5, 2017, the OCC announced Acting Comptroller of the Currency Keith A. Noreika approved the rescission of the agency’s Guidance on Supervisory Concerns and Expectations regarding Deposit Advance Products that was published in the Federal Register on November 26, 2013 and its accompanying OCC Bulletin 2013-40 .
  • October 5, 2017
    On Thursday, October 5, 2017, the Federal Reserve Board extended the comment periods for its proposal to enhance the effectiveness of boards of directors, as well as its related proposal to implement a new ratings system for large financial institutions that would be aligned with the post-crisis supervisory program. The new deadline is November 30, 2017,
  • October 5, 2017
    On Thursday, October 5, 2017, the OCC released a list of Community Reinvestment Act (CRA) performance evaluations which became public during the period of September 1, 2017 through September 30, 2017. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory,...
  • October 5, 2017
    On Thursday, October 5, 2017, the FDIC issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in July 2017. A consolidated list of all state nonmember banks whose evaluations have been made publicly available since July 1, 1990, including the rating for each...
  • October 5, 2017
    On Thursday, October 5, 2017, the CFPB is releasing its long-awaited small dollar lending rule . According to the CFPB, the rule aims to stop debt traps and apply to loans that require consumers to repay all or most of the debt at once. Under the new rule, lenders must conduct a "full-payment test" to determine upfront that borrowers can afford to repay their loans without re-borrowing. (The OCC...
  • October 3, 2017
    On Tuesday, October 3, 2017, the FDIC released the results of its annual survey of branch office deposits for all FDIC-insured institutions. The latest data are as of June 30, 2017. The FDIC's Summary of Deposits (SOD) provides deposit totals for each of the more than 89,000 domestic offices operated by more than 5,700 FDIC-insured commercial and savings banks, savings associations, and U.S...
  • September 29, 2017
    On Friday, September 29, 2017, the OCC reported that their Performance of first-lien mortgages improved during the second quarter of 2017 compared with a year earlier. The OCC Mortgage Metrics Report , Second Quarter 2017, showed 95.4 percent of mortgages included in the report were current and performing at the end of the quarter, compared with 94.7 percent a year earlier. The report also showed...
  • September 29, 2017
    On Friday, September 29, 2017, the FDIC released a list of orders of administrative enforcement actions taken against banks and individuals in August. There are no administrative hearings scheduled for October 2017. The FDIC issued a total of 22 orders, four notices, including one notice issued in May, and one adjudicated decision. The administrative enforcement actions in those orders consisted...
  • September 28, 2017
    On Thursday, September 28, 2017, the OCC released its bank supervision operating plan for fiscal year (FY) 2018. The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual banks. Supervisory strategies for FY 2018 focus on: Cybersecurity and operational resiliency; Commercial and retail credit loan underwriting, concentration risk management,...

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