September 19, 2005 News Archive

FAQs for Financial Institutions on the Bank Secrecy Act and Hurricane Katrina Victims
The Board, in consultation with the other federal banking agencies and the Financial Crimes Enforcement Network (FinCEN), has issued responses to questions frequently asked by financial institutions regarding the applicability of the Bank Secrecy Act in providing services to victims of Hurricane Katrina.

Board Publishes Proposal to Expand Definition of Small Bank Holding Company
In a press release, the Federal Reserve Board proposed expanding the definition of a small bank holding company under the Board's Small Bank Holding Company Policy and the Board's risk-based capital guidelines. Comments are requested within sixty days of publication in the Federal Register, which is expected shortly.

Latest Beige Book Now Available
The Beige Book, a report on current economic conditions in the District, indicates that economic activity in the Seventh District continued to expand at a moderate pace during July and August.