District Circular Letters

The Federal Reserve Board announced on November 30, 2011 the appointment of Michael S. Gibson as director of the Division of Banking Supervision and Regulation, effective January 1, 2012. Gibson, a deputy director in the Board's Division of Research and Statistics with an expertise in risk management and financial markets, succeeds Patrick M. Parkinson. Parkinson […]

The Federal Reserve Board on November 22, 2011 issued a final rule requiring top-tier U.S. bank holding companies with total consolidated assets of $50 billion or more to submit annual capital plans for review. Also, the Federal Reserve launched the 2012 review, issuing instructions to the firms, including the macroeconomic and financial market scenarios the […]

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.