federal banking agencies

Federal Banking Agencies Issue Statement Regarding the Impact of the Act

 

On July 6, 2018, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller issued a joint statement describing the rules and related reporting requirements that are affected by the enactment of the Economic Growth, Regulatory Relief, and Consumer Protection Act (the “Act“). The federal banking agencies provide their interim positions on the applicability of the Act until their respective regulations are amended to incorporate the Act’s changes. Release.

Federal Banking Agencies Finalize Extension of Certain Capital Rule Transitions

 

On November 21, 2017, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency “finalized a rule for certain banking organizations by extending the existing capital requirements for mortgage servicing assets and certain other items.”  These changes will be put into effect on January 1, 2018. FDIC Release. Federal Reserve Release. OCC release.

Policy Statement on Funding and Liquidity Risk

On March 17, the federal banking agencies, in conjunction with the Conference of State Bank Supervisors, released a policy statement on their expectations for sound funding and liquidity risk management practices.  The statement will be effective 60 days from the date of publication in the Federal Register.  Release.  Policy Statement.