District Circular Letters
The Federal Reserve Bank of San Francisco uses circular letters to communicate new policies and announcements to institutions in the Twelfth Federal Reserve District.
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Agencies Announce Start of Initial Registration Period Under S.A.F.E. Act’s Mortgage Loan Originator Provisions
On Jan. 31 the bank, thrift and credit union regulatory agencies, along with the Farm Credit Administration, announced that the Nationwide Mortgage Licensing System and Registry is now accepting federal registrations. Under the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) and the agencies' final rules, residential mortgage loan originators employed by banks, […]
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Federal Reserve Does Not Plan to Proceed with Finalizing Three Pending Mortgage Rulemakings under Regulation Z
The Federal Reserve Board announced on February 1, 2011 that it does not expect to finalize three pending rulemakings under Regulation Z, which implements the Truth in Lending Act (TILA), prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau (CFPB).
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Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
The federal bank regulatory agencies announced on December 21, 2010, 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 annual adjustments for banks are required by the CRA rules.
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Annual Notice of Asset-Size Exemption Threshold for Depository Institutions, Regulation C
The Federal Reserve Board on Monday, December 20, 2010, published its annual notice of the asset-size exemption threshold for depository institutions under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).
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Federal Reserve Issues Interim Rule Amending Regulation Z to Clarify Certain Disclosure Requirements of the Mortgage Disclosure Improvement Act
The Federal Reserve Board on December 22, 2010, approved an interim rule amending Regulation Z, which implements the Truth in Lending Act (TILA). The Board is issuing this interim rule to clarify certain aspects of a September 24, 2010 interim rule, in response to public comments.
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The Federal Reserve Bank of San Francisco has approved the application of FirstBank of Arizona, Inc., Phoenix, Arizona, for membership in the Federal Reserve System.
The Federal Reserve Bank of San Francisco, acting under delegated authority, has approved the application of FirstBank of Arizona, Inc., Phoenix, Arizona, for membership in the Federal Reserve System.
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Results of Director Elections
This letter is in regard to the election of directors of this Bank to succeed Mr. William D. Jones, a Class B director, elected by banks in Group One, and Mr. Arnold T. Grisham, a Class A director, elected by banks in Group Two, whose terms end on December 31, 2010, respectively. These elections have […]
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Federal Reserve Establishes Office of Financial Stability Policy and Research
The Federal Reserve Board on Thursday, November 4, 2010 established the Office of Financial Stability Policy and Research and appointed Board economist J. Nellie Liang as its director.
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Election of Directors
In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement dated October 8, 2010, in regard to the election of directors of this Bank to succeed Mr. William D. Jones, a Class B director, elected by banks in Group One, and Mr. Arnold T. Grisham, a Class A director, […]
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Federal Reserve Issues Proposal to Implement Volcker Rule Conformance Period
The Federal Reserve Board on November 17, 2010 requested comment on a proposed rule to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that give banking firms a defined period of time to conform their activities and investments to the so-called Volcker Rule.