August 21, 2006 News Archive

Board Requests Comments on Proposed Revisions to Reg D
In a press release, the Board requested comment on proposed revisions to its 1980 interpretation of Regulation D (Reserve Requirements of Depository Institutions), setting forth criteria for the "bankers' bank" exemption from reserve requirements.

Board Announces Annual Adjustment of Fee-Based Trigger for Additional Mortgage Loan Disclosures
In a recent press release, the Board announced that effective Jan. 1, 2007, the dollar amount that triggers additional disclosure requirements under the Truth in Lending Act for mortgage loans that bear rates or fees above a certain amount will increase to $547.