November 11, 2002 News Archive

Board Issues Final Rule Amending Regulation A
The Board issued a final rule (PDF) that revises the Federal Reserve's discount window programs and amends Regulation A, effective January 9, 2003. The Board also approved a related technical amendment to the reserve deficiency penalty provision of Regulation D.

Board Issues Letter on the Use of Statistical Sampling for Reviewing Loans
The Board issued SR 02-19 introducing a new statistical sampling technique to supplement the traditional credit review of problem, watch, insider and other loans during on-site examinations of community banks.

Board Issues SR Letter on the Sarbanes-Oxley Act of 2002
The Board issued SR 02-20 regarding the Sarbanes-Oxley Act, which provides a general overview for affected domestic and foreign banking organizations.

BIS Issues Consolidated Banking Statistics as of June 30, 2002
The BIS issued consolidated banking statistics (PDF) for the second quarter of 2002 providing insight into the nature and extent of banks' foreign exposures, as well as supplementary information about countries' external indebtedness.