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Board of Governors of the Federal Reserve System
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Banking Information & Regulation

Features

Federal banking agencies evaluating FASB's accounting proposals
September 15, 2008
Request for comment on draft interagency proposed rule to permit a banking organization to reduce the amount of its goodwill deduction from tier 1 capital by any associated deferred tax liability
September 15, 2008
Interim final rule that provides a temporary exception to the limitations in section 23A of the Federal Reserve Act (37 KB PDF)
Effective September 14, 2008. The exemption allows all insured depository institutions to provide liquidity to their affiliates for assets typically funded in the tri-party repo market until January 30, 2009 (unless extended by the Board).
Image of Bank Holding Company Supervision Manual Bank Holding Company Supervision Manual
July 2008 Update.  Provides guidance for conducting inspections of bank holding companies and their nonbank subsidiaries. Objectives of the inspection program are to ascertain whether the financial strength of the bank holding company is being maintained on an ongoing basis and to determine the effects or consequences of transactions between a holding company or its nonbanking subsidiaries and its subsidiary banks.

Recent Supervision and Regulation Letters

SR Letter 08-06 2008 Hurricane Season and Supervisory Practices Regarding Affected Banking Organizations
SR Letter 08-5 Processing of De Novo Bank Membership Applications
SR Letter 08-4 Interagency Statement – U.S. Implementation of Basel II Advanced Approaches Framework

Recent Enforcement Actions

September 12 Termination of enforcement action against ABN AMRO Bank
September 10 Written agreement with Newnan Coweta Bancshares
September 4 Order of prohibition against Roslyn Y. Terry
Last update: September 15, 2008