News Archive

Federal Reserve Seeks Comment on Proposed Rule to Repeal Regulation Q

April 6, 2011

 

The Federal Reserve Board on Wednesday requested comment on a proposed rule to repeal the Board's Regulation Q, which prohibits the payment of interest on demand deposits by institutions that are member banks of the Federal Reserve System.

FRB Press Release

Agencies Propose Changes in Reporting Requirements for OTS-Regulated Savings Associations and Savings and Loan Holding Companies

February 3, 2011

 

The federal bank and thrift regulatory agencies announced proposed changes today to reporting requirements for savings associations and savings and loan holding companies regulated by the Office of Thrift Supervision (OTS). The proposed changes include a change from quarterly Thrift Financial Reports to quarterly Consolidated Reports of Condition and Income, commonly known as Call Reports.

FRB Press Release

Annual Adjustments for Reserve Calculations and Deposit Reporting

October 26, 2010

 

The Federal Reserve Board on Tuesday announced the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2011. These amounts are used in the calculation of reserve requirements of depository institutions. The Board also announced the annual indexing of the nonexempt deposit cutoff level and the reduced reporting limit that will be used to determine deposit reporting panels effective 2011.

FRB Press Release

Federal Reserve Board Approves Amendments to Regulation D Authorizing Reserve Banks to Offer Term Deposits

April 30, 2010

 

The Federal Reserve Board has approved amendments to Regulation D (Reserve Requirements of Depository Institutions) authorizing the Reserve Banks to offer term deposits to institutions that are eligible to receive earnings on their balances at Reserve Banks. These amendments incorporate public comments on the proposed amendments to Regulation D that were announced on December 28, 2009.

FRB Press Release

Reporting Guidance on FAS 166/167 RBC Transition

January 28, 2010—The Federal banking agencies published in the Federal Register a final rule amending their risk-based capital guidelines (FAS 166/167 Rule). This rule eliminates the exclusion from risk-weighted assets related to asset-backed commercial paper programs (ABCP exclusion) and permits banking organizations to phase in the effects of eliminating the ABCP exclusion and FAS 167 consolidation on risk-weighted assets and the allowance for loan and lease losses (ALLL) includable in Tier 2 capital. To help guide bank holding companies and commercial banks through this transition with regard to Risk Based Capital, guidance is being provided for FR Y-9C filers and FFIEC 031/041 filers.
FR Y-9C Guidance
FFIEC031/041 Guidance

Proposal for Term Deposit Facility

December 28, 2009—The Federal Reserve Board proposed amendments to Regulation D (Reserve Requirements of Depository Institutions) that would enable the establishment of a term deposit facility.
FRB Press Release

Annual Adjustments for Reserve Calculations and Deposit Reporting

October 9, 2009—The Federal Reserve Board on Friday announced the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2010. These amounts are used in the calculation of reserve requirements of depository institutions. The Board also announced the annual indexing of the nonexempt deposit cutoff level and the reduced reporting limit that will be used to determine deposit reporting panels effective 2010.
FRB Press Release

The FFIEC Announces Modernization of the Uniform Bank Performance Report (UBPR) System

September 28, 2009—The federal banking agencies of the Federal Financial Institutions Examination Council (FFIEC) are modernizing the Uniform Bank Performance Report (UBPR) system. The UBPR Modernization effort is scheduled for implementation as early as December 2009. Some benefits of the new system include faster delivery of high quality data and enhanced data delivery methods.

 

Please refer to the FFIEC website for more information, under the UBPR Modernization link in the navigation menu.

Agencies Seek Comment on Proposed Regulatory Capital Standards Related to Adoption of FAS 166 and 167

August 26, 2009—The federal banking and thrift regulatory agencies are seeking comment on a proposed regulatory capital rule related to the Financial Accounting Standards Board's adoption of Statements of Financial Accounting Standards Nos. 166 and 167. Beginning in 2010, these accounting standards will make substantive changes to how banking organizations account for many items, including securitized assets, that are currently excluded from these organizations' balance sheets.
FRB Press Release
FRB response to the new accounting standards

Federal Reserve and Treasury Department Announce Extension to TALF

August 17, 2009—The Federal Reserve Board and the Treasury Department on Monday announced that they approved an extension to the Term Asset-Backed Securities Loan Facility (TALF) and that, at this time, they do not anticipate any further additions to the types of collateral that are eligible for the facility.
FRB Press Release

Board Announces Final Rule on Senior Perpetual Preferred Stock Issued by BHCs to Treasury

May 22, 2009—The Federal Reserve Board on Friday announced the adoption of a final rule that will allow bank holding companies to include in their Tier 1 capital without restriction senior perpetual preferred stock issued to the U.S. Treasury Department under the Troubled Asset Relief Program (TARP). This rule makes final the interim final rule that the Board adopted in October 2008.
FRB Press Release

Board Announces Approval of Final Amendments to Regulation D

May 20, 2009—The Federal Reserve Board on Wednesday announced the approval of final amendments to Regulation D (Reserve Requirements of Depository Institutions) to liberalize the types of transfers consumers can make from savings deposits and to make it easier for community banks that use correspondent banks to receive interest on excess balances held at Federal Reserve Banks.
FRB Press Release

New Limits on Trust Preferred Securities Delayed

March 17, 2009—The Federal Reserve Board on Tuesday announced the adoption of a final rule that delays until March 31, 2011, the effective date of new limits on the inclusion of trust preferred securities and other restricted core capital elements in tier 1 capital of bank holding companies (BHCs).
FRB Press Release

Revisions to the Bank Credit Reporting Series (FR 2069, FR 2416, FR 2644)

March 12, 2009—Effective July 1, 2009, the FR 2069 and FR 2416 will be discontinued and combined with the FR 2644 to create a single amended reporting form, the FR 2644 Weekly Report of Selected Assets and Liabilities.
March 12, 2009 Federal Register Notice

Revisions to the Consolidated Reports of Condition and Income for 2009

January 30, 2009—The Federal Financial Institutions Examination Council (FFIEC) has approved revisions to the reporting requirements for the Consolidated Reports of Condition and Income (Call Report). These regulatory reporting revisions will take effect on a phased-in basis during the year, with a limited group of proposed revisions taking effect as of March 31, 2009.
FFIEC Announcement Letter addressed to Bank CEOs

Excess Balance Accounts

January 29, 2009—The Federal Reserve Board on Thursday requested public comment on proposed changes to Regulation D (Reserve Requirements of Depository Institutions) to authorize the establishment of limited purpose accounts, called "excess balance accounts" (EBAs), at Federal Reserve Banks.
Full Story

Update on Interest on Reserves

December 16, 2008—The Federal Reserve on Tuesday issued a technical note concerning the calculation of interest rates on required reserve balances and excess balances for reserve maintenance periods ending December 17.
Full Story