The Jailhouse

[thepennyking]

Banking law mints tech windfall - New legislation taking effect later this year is triggering a wave of technology spending as banks take further steps toward an all-digital future. http://news.com.com/Banking+law+mints+tech+windfall/2100-7343-5271187.html?part=dht&tag=ntop

July 16, 2004 - OTS to Modify CRA Small Institution Benchmark - The Office of Thrift Supervision announced today its intent to issue a final rule modifying the existing "small institution" test for thrifts under the Community Reinvestment Act. www.ots.treas.gov/docs/7/77426.html

July 16, 2004 - OCC Will Withdraw CRA Regulatory Proposal - The Office of the Comptroller of the Currency announced today its intention to withdraw proposed amendments to its Community Reinvestment Act regulations. www.occ.treas.gov/scripts/newsrelease.aspx?Doc=062ZM1RY.xml

July 16, 2004 - NCUA - Matz Links "American Ideals" - to Credit Unions' Success NCUA Board Member Addresses NAFCU Annual Conference in Canada www.ncua.gov/news/press_releases/2004/NR04-0716.htm

July 16, 2004 - Governor Susan Schmidt Bies - Using Enterprise-Wide Risk Management to Effectively Execute Business Strategies at the Risk Management Association and Consumer Bankers Association Retail Risk Conference, Chicago, Illinois. www.federalreserve.gov/boarddocs/speeches/2004/20040716/default.htm

July 15, 2004 - Governor Susan Schmidt Bies - Business Financial Conditions and Relationships with Bankers At the Financial Executives International Chicago Chapter Dinner, Chicago, Illinois www.federalreserve.gov/boarddocs/speeches/2004/20040715/default.htm

July 15, 2004 - NCUA Newsletter for June - July 2004. http://www.ncua.gov/news/newsletter/NCUA/04JuneJuly.pdf

July 15, 2004 - OCC Releases CRA Evaluations For 26 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 June 15, 2004 through July 14, 2004. www.occ.treas.gov/scripts/newsrelease.aspx?Doc=EX5Q95TR.xml

July 15, 2004 - OCC Announces 17 Enforcement Actions and Four Terminations - The Office of the Comptroller of the Currency today announced 17 new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks and four terminations of existing enforcement actions. www.occ.treas.gov/ftp/release/2004-58.htm

July 15, 2004 - OCC Testifies on Challenges Faced in Combating Money Laundering - Daniel P. Stipano, Deputy Chief Counsel, Jennifer Kelly, Deputy Comptroller, Midsize and Credit Card Banks, and Lester Miller, National Bank Examiner, testified today before the Senate Government Affairs Permanent Subcommittee on Investigations.
Press Release: www.occ.treas.gov/scripts/newsrelease.aspx?Doc=W4LNFVEZ.xml
Attachment: www.occ.treas.gov/ftp/release/2004-57a.pdf
Attachment: www.occ.treas.gov/ftp/release/2004-57b.pdf

July 15, 2004 - Guidance on Information Technology Management and Outsourcing Technology Services 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 two topics: managing financial institutions' information technology activities and outsourcing technology services. www.ffiec.gov/press/pr071504.htm

July 15, 2004 - Notice of Proposed Rulemaking Regarding Affiliate Marketing Opt Outs - The FDIC and other financial institution regulatory agencies are soliciting comment on proposed rules that implement section 214 of the Fair and Accurate Credit Transactions Act of 2003. www.fdic.gov/news/news/financial/2004/fil8204.html

July 15, 2004 - Industrial Production And Capacity Utilization - Industrial production decreased 0.3 percent in June after having risen 0.9 percent in May; the gain in May was 0.2 percentage point less than originally reported. At 116.2 percent of its 1997 average, output was 5.6 percent higher than its level in June 2003. Manufacturing output decreased 0.1 percent in June but posted a jump of 7.1 percent for the second quarter www.federalreserve.gov/Releases/G17/Current/default.htm

July 14, 2004 - St. Louis Fed Promotes Huang to Assistant Vice President - The Federal Reserve Bank of St. Louis has promoted James L. Huang to assistant vice president. Huang oversees commercial, Postal Money Order and U.S. Treasury check processing. www.stlouisfed.org/news/releases/2004/07_09_04.html

July 14, 2004 - FDIC Revises March 31, 2004, Reserve Ratios for Deposit Insurance Funds - The FDIC today announced revisions to the March 31, 2004, reserve ratios reported on May 27, 2004, for its two deposit insurance funds - the Bank Insurance Fund and the Savings Association Insurance Fund. www.fdic.gov/news/news/press/2004/pr7504.html

July 13, 2004 - Bank Securities Activities: SEC's Proposed Rule (Regulation B) - This bulletin announces that the SEC recently proposed regulations that would define the extent to which securities brokerage activities of banks are subject to SEC regulation.
Press Release: http://www.occ.treas.gov/ftp/bulletin/2004-31.txt
Attachment: www.regulations.gov/fredpdfs/04-14138.pdf

July 13, 2004 - Auto Outlook Symposium Summarized in Latest Chicago Fed Letter - With a generally positive outlook for the U.S. economy in 2004 and 2005, the auto sector is looking forward to modest increases in light-vehicle sales, according to a summary forecast of participants in the Chicago Fed's 2004 Auto Outlook Symposium featured in the August 2004 Chicago Fed Letter www.chicagofed.org/news_and_conferences/news/2004_7_13_auto_outlook_symposium
_summarized_in_chicago_fed_letter.cfm

July 12, 2004 - Chicago Fed Economists' 'Op-ed' Published in American Banker - The following opinion piece by Chicago Fed economists Robert DeYoung and Thomas Klier was featured in the 'Viewpoint' section of the July 9, 2004 issue of American Banker. www.chicagofed.org/news_and_conferences/news/2004_07_12_chicago_fed_economists_featured_in_
american_banker.cfm

July 12, 2004 - NCUA Announces Appointment of Secretary to the Board - National Credit Union Administration (NCUA) Board Chairman JoAnn Johnson announced today that Mary F. Rupp will be appointed Secretary to the Board upon the retirement of Becky Baker at the end of August. Rupp has served in the NCUA's Office of General Counsel for 17 years. www.ncua.gov/news/press_releases/2004/NR04-0712-2.htm

July 12, 2004 - NCUA - SBA Administrator Hector Barreto to Deliver Keynote Address at NCUA's Access Across America Economic Empowerment Summit www.ncua.gov/news/press_releases/2004/NR04-0712.htm

July 12, 2004 - Robert Garsson Named Deputy Comptroller for Public Affairs - The Office of the Comptroller of the Currency today announced that Robert M. Garsson has been named Deputy Comptroller for Public Affairs. www.occ.treas.gov/scripts/newsrelease.aspx?Doc=CUHE016G.xml

July 12, 2004 - Community Developments On-Line Spotlights New Markets Tax Credit Program - In the first on-line edition of the award-winning Community Developments newsletter, the Office of the Comptroller of the Currency focuses on how investments in New Markets Tax Credits can help fill gaps in financing for projects located in economically-distressed communities.
Press Release: www.occ.treas.gov/scripts/newsrelease.aspx?Doc=C23FGYCZ.xml
Attachment: www.occ.treas.gov/cdd/index.html

July 12, 2004 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among the First Midwest Bank, Itasca, Illinois; the Illinois Department of Financial and Professional Regulation; and the Federal Reserve Bank of Chicago. www.federalreserve.gov/boarddocs/press/Enforcement/2004/20040712/default.htm

July 7, 2004 - NCUA - Opinion Letter 04-0625 - Share Insurance Coverage for Living Trust Accounts. www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2004/04-0625.htm

July 7, 2004 - NCUA - Opinion Letter 04-0528 - Permissibility of Loan Participation or Purchase of an Eligible Obligation. www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2004/04-0528.htm