November 25, 2002 News Archive

Governor Olson Remarks on the Banking Industry in 2002 after a Decade of Change
In a speech delivered at the First Annual Convention of the Ohio Bankers League, in Columbus, Ohio, Fed Governor Mark W. Olson remarked on the depository financial service industries in the context of a decade of major change. He also commented that while the overall condition of U.S. depository institutions remains sound, it is important for bankers to stay on top of their asset quality and to maintain good internal controls.

FFIEC Requests Comment on Proposal to Revise Reports on Country Exposure and Call Reports
The Federal Financial Institutions Examination Council is requesting comment on proposed revisions to the Country Exposure Reports (PDF) (FFIEC 009 and 009a). The FFIEC is also requesting comment on a proposal to revise the Consolidated Reports of Condition and Income (PDF) (FFIEC 031 and FFIEC 041). Comments are due by January 7, 2003.

House Approves Terrorism Insurance Legislation
The House Committee on Financial Services approved "The Terrorism Risk Insurance Act of 2002." According to the press release, the bill would limit immediate market disruptions, encourage economic stabilization and facilitate the transition to a viable private market for terrorism insurance.