The Jailhouse

[thepennyking]

According to Matt I broke every rule in the book so here I am...some interesting links to share with your friends:

Fraudulent Regulatory Agency Issuances - This alert states that the OCC has become aware that fictitious e-mails claiming to be issued by the OCC are circulating on the Internet. The e-mails falsely state that international payments are being held by the OCC. They purport to offer a mechanism for obtaining the release of certain non-existent restricted funds. The OCC does not participate in the transfer of funds for, or on behalf of, private enterprises or governmental entities, domestic or international. www.occ.treas.gov/ftp/alert/2004-11.txt

May 28, 2004 - NCUA - Regulatory Alert RA-08-04 - The Federal Trade Commission and Federal Communication Commission's "Do Not Call" Rules www.ncua.gov/reg_alerts/2004/04-RA-08.pdf

May 28, 2004 - Agencies Issue Proposed Guidance on Overdraft Protection Programs - The federal financial institutions supervisory agencies today issued proposed guidance to assist insured depository institutions in the responsible disclosure and administration of overdraft protection services
Press Release: www.federalreserve.gov/boarddocs/press/bcreg/2004/20040528/default.htm
Press Release: www.occ.treas.gov/scripts/newsrelease.aspx?JNR=1&Doc=IENBW35E.xml
Attachment: www.occ.treas.gov/ftp/release/2004-40a.pdf
Press Release: www.fdic.gov/news/news/press/2004/pr6004.html
Press Release: www.ots.treas.gov/docs/77417.html
Press Release: www.ncua.gov/news/press_releases/2004/JR04-0528.pdf

May 28, 2004 - The Federal Reserve Board on Friday published proposed amendments to Regulation DD, which implements the Truth in Savings Act, and the regulation's official staff commentary to address concerns about the uniformity and adequacy of information provided to consumers when they overdraw their accounts. www.federalreserve.gov/boarddocs/press/bcreg/2004/200405282/default.htm

May 27, 2004 - OCC Announces New Electronic Interpretations and Actions -May 2004 www.occ.treas.gov/interp/may04/intmay04.htm

May 27, 2004 - Guidance On Development And Acquisition Of Information Systems Released By Federal Financial Institution Regulators - The Federal Financial Institutions Examination Council today issued revised guidance for examiners, financial institutions, and technology service providers on the development, acquisition, and maintenance of information systems.
Press Release: www.ffiec.gov/press/pr052704.htm
Press Release: www.ots.treas.gov/docs/77416.html
Press Release: www.ncua.gov/news/press_releases/2004/JR04-0527.pdf

May 27, 2004 - Commercial Bank of Syria - "Primary Money Laundering Concern" - The Department of the Treasury has designated Commercial Bank of Syria, including its subsidiary, Syrian Lebanese Commercial Bank, to be a financial institution of primary money laundering concern and has issued a proposed special measure. www.fdic.gov/news/news/financial/2004/fil6004.html

May 27, 2004 - FDIC Issues Examiner Guidance on Agency-Issued Step-Up Bonds and Other Structured Note Holdings - The FDIC has issued guidance to examiners on the review of structured note holdings at FDIC-supervised institutions. The guidance advises examiners that agency-issued step-up bonds, when managed and controlled in compliance with supervisory policy, present risks similar to callable bonds and that aggregate levels of structured notes should not, in and of themselves, raise supervisory concern. www.fdic.gov/news/news/financial/2004/fil5904.html

May 27, 2004 - FDIC-Insured Institutions Report Record Earnings in the First Quarter of 2004 - The 9,116 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation earned a record $31.9 billion in the first quarter of 2004, marking the fifth consecutive quarter that industry profits set a new high. www.fdic.gov/news/news/press/2004/pr5904.html

May 27, 2004 - The Federal Reserve Board on Thursday announced the issuance of a consent Order to Cease and Desist and Order of Assessment of Civil Money Penalty against Citigroup Inc., New York, New York, a bank holding company, and CitiFinancial Credit Company, Baltimore, Maryland, a non-bank subsidiary of Citigroup www.federalreserve.gov/boarddocs/press/Enforcement/2004/20040527/default.htm

May 26, 2004 - Suspicious Activity Reporting - Federal Court Reaffirms Protections for Financial Institutions Filing Suspicious Activity Reports.
Press Release: www.occ.treas.gov/ftp/bulletin/2004-24.txt
Attachment: www.occ.treas.gov/ftp/bulletin/2004-24a.pdf

May 26, 2004 - FDIC Outlook Assesses Factors Behind Banking Industry Earnings Performance - The FDIC today released the Summer 2004 FDIC Outlook, which examines the earnings performance of FDIC-insured depository institutions in three different reports: addressing the role of net interest margin in industry earnings, the effect of higher interest rates on securities gains, and how demographic trends are affecting banks in rural areas. www.fdic.gov/news/news/press/2004/pr5804.html

May 26, 2004 - NCUA Launches Express Communication Service - The National Credit Union Administration announced that its Express e-mail subscription service was activated today. www.ncua.gov/news/press_releases/2004/NR04-0526.htm

May 26, 2004 - FDIC Launches New, More User-Friendly Electronic Subscription Service - The Federal Deposit Insurance Corporation today unveiled a new electronic subscription service allowing users to better and more easily target FDIC periodicals and products they wish to receive electronically. www.fdic.gov/news/news/press/2004/pr5704.html

May 25, 2004 - Interagency Advisory - Federal Court Reaffirms Protections for Financial Institutions Filing Suspicious Activity Reports - This is an interagency advisory that discusses an important ruling about the confidentiality of Suspicious Activity Reports www.ncua.gov/GuidesManuals/sar/InteragencyAdvisory05-25-04.pdf

May 25, 2004 - Thrift profitability remains strong in first quarter - The Office of Thrift Supervision announced today that the nation's thrift industry reported another quarter of sound financial results. The industry's continued healthy performance was highlighted by strong earnings, record equity capital and solid asset growth. www.ots.treas.gov/docs/77414.html

May 25, 2004 - OCC Announces 12 Enforcement Actions and Three Terminations - The Office of the Comptroller of the Currency today announced 12 new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks and three terminations of existing enforcement actions. www.occ.treas.gov/ftp/release/2004-39.htm

May 25, 2004 - FDIC Makes Public April Enforcement Actions; No Administrative Hearings Scheduled - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in April. No administrative hearings are scheduled for June. www.fdic.gov/news/news/press/2004/pr5604.html

May 25, 2004 - The Federal Reserve Board in June will begin a statistical study of household finances, the Survey of Consumer Finances, that will provide policymakers with important insight into the economic condition of all types of American families. www.federalreserve.gov/boarddocs/press/other/2004/20040525/default.htm

May 25, 2004 - Interagency Advisory Concerning the Legal Protections Associated with the Filing of Suspicious Activity Reports - Federal law provides protection from civil liability to financial institutions and their employees who report suspicious or potentially criminal activity to the appropriate law enforcement and bank supervisory authorities in Suspicious Activity Reports. www.federalreserve.gov/boarddocs/srletters/2004/sr0408.htm

May 24, 2004 - OCC Issues Order Against First National Bank of Marin - The Office of the Comptroller of the Currency announced today that it has issued an Order against the First National Bank of Marin requiring the Las Vegas-based bank to pay restitution to credit card customers harmed by unfair practices.
Press Release: www.occ.treas.gov/scripts/newsrelease.aspx?Doc=NIXU5YSI.xml
Attachment: www.occ.treas.gov/ftp/eas/ea2004-45.pdf

May 24, 2004 - OCC Releases CRA Evaluations For 62 National Banks - The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act performance evaluations that became public during the period of April 15, 2004 through May 14, 2004.
www.occ.treas.gov/scripts/newsrelease.aspx?Doc=Z4WCY2WE.xml

May 24, 2004 - Is Inflation Targeting Best-Practice Monetary Policy? - Working Papers - International Finance Discussion Papers 2004-807 www.federalreserve.gov/pubs/ifdp/2004/807/default.htm

May 24, 2004 - The Federal Reserve Board on Monday announced its approval of the applications under section 3 of the Bank Holding Company Act, the Bank Merger Act, and section 9 of the Federal Reserve Act for Sky Financial Group, Inc., Bowling Green, Ohio, to acquire Second Bancorp, Incorporated and its subsidiary bank, The Second National Bank of Warren, both in Warren, Ohio. www.federalreserve.gov/boarddocs/press/orders/2004/20040524/default.htm

May 22, 2004 - Vice Chairman Roger W. Ferguson, Jr. Economics and Ethical Behaviors 2004 Distinguished Alumni Award, Sidwell Friends School, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2004/20040522/default.htm