District Circular Letters

A statement that explains how the total assets of an insured bank, thrift or credit union will be measured for purposes of determining supervisory and enforcement responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act was issued November 17, 2011 by five federal financial supervisory agencies.

The Federal Reserve Board on November 21, 2011 announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2012. The CDIAC advises the Board on the economy, lending conditions, and other issues. Members are selected from representatives of banks, thrift institutions, and credit unions […]

On November 14, 2011, the Federal Reserve conducted an auction of $5 billion in 28-day term deposits through its Term Deposit Facility.

On Monday, November 14, 2011, the Federal Reserve will offer $5 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. […]

In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement dated September 20, 2011, in regard to the election of directors of this Bank to succeed Mrs. Karla S. Chambers a Class B director, elected by banks in Group Two, and Mr. Dann H. Bowman, a Class A director, […]

This letter applies to all banking organizations with significant exposure to agriculture-related credit risk, including those with $10 billion or less in consolidated assets.

The Federal Reserve Board on November 1, 2011 announced that borrowers who believe they were financially harmed during the mortgage foreclosure process by four institutions in 2009 and 2010 can now request an independent review and potentially receive compensation.

The Federal Reserve Board on October 11, 2011 requested comment on proposed rules intended to simplify the administration of reserve requirements and reduce administrative and operational costs for both depository institutions and Reserve Banks. The proposals do not affect the stance of monetary policy.

The federal agencies that supervise banks, thrifts, and credit unions, and the Farm Credit System, on October 14, 2011 published guidance that updates the Interagency Questions and Answers Regarding Flood Insurance that were most recently published on July 21, 2009 at 74 FR 35914-35947.

The Federal Reserve Board on October 17, 2011 announced the approval of a final rule to implement the resolution plan requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act.