District Circular Letters

The Federal Reserve Board issued a revision to Regulation S on September 24, 2009, which sets the rates and conditions under which a government agency must reimburse a financial institution for costs incurred in producing customer financial records under the Right to Financial Privacy Act.

The Federal Reserve, under a policy announced September 15, 2009, will implement a consumer compliance supervision program in nonbank subsidiaries of bank holding companies (BHCs) and foreign banking organizations (FBOs) with activities covered by the consumer protection laws and regulations the Federal Reserve has the authority to enforce. The policy, which will take effect immediately, […]

In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement dated August 26, 2009, in regard to the election of directors of this Bank to succeed Mr. Kenneth P. Wilcox, a Class A director, elected by banks in Group One, and Mr. Blake W. Nordstrom, a Class B director, […]

An election will be conducted under the provisions of Section 4 of the Federal Reserve Act for the positions held by the following directors of this Bank…

On August 19, 2009, the Federal Reserve Banks announced changes to the collateral margins table for discount window (including Term Auction Facility lending) and payment system risk purposes, effective October 19, 2009. Since your institution pledges collateral for discount window and/or payment system risk purposes, I am writing to inform you of these changes.

The Federal Reserve Board approved final amendments to Regulation Z (Truth in Lending) on July 30, 2009 that revise the disclosure requirements for private education loans.

The Federal Reserve Board proposed significant changes to Regulation Z (Truth in Lending) on July 23, 2009 intended to improve the disclosures consumers receive in connection with closed-end mortgages and home-equity lines of credit (HELOCs). These changes, offered for public comment, reflect the result of consumer testing conducted as part of the Board's comprehensive review […]

The Federal Deposit Insurance Corporation, Federal Reserve Board, National Credit Union Administration, Office of the Comptroller of the Currency, Office of Thrift Supervision, and Farm Credit Administration released revised interagency questions and answers on July 21, 2009 regarding flood insurance and requested public comment on several new ones.

Six federal agencies issued a set of frequently asked questions (FAQs) on June 11, 2009 to help financial institutions, creditors, users of consumer reports, and issuers of credit cards and debit cards comply with federal regulations on identity theft and discrepancies in changes of address.

The Federal Reserve Board approved an interim final rule on July 15, 2009 amending Regulation Z (Truth in Lending) to require creditors to provide consumers earlier advance notice before the rate on a credit card account is increased or a significant change is made to the account's terms. The amendments also allow consumers to reject […]