District Circular Letters

Four federal financial regulatory agencies on January 31, 2012 issued supervisory guidance on allowance for loan and lease losses (ALLL) estimation practices associated with loans and lines of credit secured by junior liens on one- to four-family residential properties.

The Dodd-Frank Act transferred rulemaking authority for many consumer financial protection laws from various Federal agencies to the Consumer Financial Protection Bureau (Bureau). The Bureau is in the process of republishing these regulations with technical and conforming changes to reflect the transfer of authority and certain other changes made by the Dodd-Frank Act.

On December 21, 2011, the Board of Governors of the Federal Reserve System issued SR 11-15 (Disposal of Problem Assets through Exchanges). This letter applies to all state member banks, bank holding companies and their nonbank subsidiaries, and savings and loan holding companies that engage in asset exchange transactions, including those with $10 billion or […]

The Federal Reserve Board on December 23, 2011 issued a final notice for a two-year phase-in period for most savings and loan holding companies (SLHCs) to file Federal Reserve regulatory reports and an exemption for some SLHCs from initially filing Federal Reserve regulatory reports.

On Monday, January 9, 2012, the Federal Reserve will offer $3 billion in 28-day term deposits through its Term Deposit Facility. As noted in the Federal Reserve Board's September 8, 2010 release, this offering is part of ongoing small-value operations designed to provide eligible institutions with an opportunity to become familiar with term deposit operations.

The Federal Reserve Board on December 20, 2011 proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms. The proposal, which includes a wide range of measures addressing issues such as capital, liquidity, credit exposure, stress testing, risk management, and early remediation requirements, is mandated by the […]

The federal bank regulatory agencies on December 19, 2011 announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations.

The Federal Reserve Board on December 5, 2011 announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2012. Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington appoints three of these directors and each year designates one of its appointees as chair […]

This circular letter is an update to a prior circular summarizing the FFIEC announcements. In particular, the summary below was added to highlight a number of CRA program considerations.

This letter is in regard to the election of directors of this Bank to succeed Mr. Dann H. Bowman, a Class A director, elected by banks in Group Three, and Mrs. Karla S. Chambers, a Class B director, elected by banks in Group Two, whose terms end on December 31, 2011, respectively. These elections have […]