The Office of the Comptroller of the Currency has issued a bulletin that outlines the process to fully integrate the Office of Thrift Supervision policy guidance documents into a common set of supervisory policies that applies to both national banks and federal savings associations.
The Board of Directors of the Federal Deposit Insurance Corp. approved a $3.28 billion Corporate Operating Budget for 2012, 15.4 percent lower than the 2011 budget.
The federal bank regulatory agencies announced they are seeking comment on a notice of proposed rulemaking that would amend an earlier NPR announced in Dec. 2010. The initial NPR proposed modifications to the agencies' market risk capital rules for banking organizations with significant trading activities.
The Board of Directors of the Federal Deposit Insurance Corp. approved the organizational plan of the Office of Corporate Risk Management [OCRM] that will assess external and internal risks faced by the FDIC.
The Federal Deposit Insurance Corp. Advisory Committee on Economic Inclusion [ComE-IN] met on Dec. 1, to discuss developments and innovations in the delivery of financial services, including mobile financial services and prepaid cards.
The National Credit Union Administration liquidated O.U.R. Federal Credit Union of Eugene, Ore. Northwest Community Credit Union of Springfield, Ore., immediately purchased and assumed certain O.U.R. Federal Credit Union assets and member shares.
Key indicators for the credit union industry generally improved or remained steady in the third quarter of 2011, according to the aggregated Call Report data submitted by the nation's 7,179 federally insured credit unions to the National Credit Union Administration.
The National Credit Union Administration liquidated BCT Federal Credit Union of Binghamton, N.Y. Visions Federal Credit Union of Endicott, N.Y., immediately assumed BCT Federal Credit Union's assets, liabilities and member shares.
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. reported an aggregate profit of $35.3 billion in the third quarter of 2011, an $11.5 billion improvement from the $23.8 billion in net income the industry reported in the third quarter of 2010. This is the ninth consecutive...
Central Progressive Bank, Lacombe, La., was closed by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corp. as receiver.
A statement that explains how the total assets of an insured bank, thrift or credit union will be measured for purposes of determining supervisory and enforcement responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act was issued by five federal financial supervisory agencies.
The Office of the Comptroller of the Currency has been informed that a fraudulent "Bank Comfort Letter" purportedly issued by PNC Bank, N.A., is in circulation to various financial institutions for the benefit of Nigerian National Petroleum Corporation.
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