Interagency: Proposed Rule to Limit Impact of Large Bank Failures

The federal banking agencies on Tuesday proposed a rule to limit the interconnectedness of large banking organizations and reduce the impact from failure of the largest banking organizations. The proposal would complement other measures that the banking agencies have taken to limit interconnectedness among large banking organizations. Global systemically important […]

Federal Reserve: “A Guide to HMDA Reporting: Getting It Right!” Revised

The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently developed a revised version of “A Guide to HMDA Reporting: Getting It Right!” (Guide). The updated Guide is for use in connection with Home Mortgage Disclosure Act (HMDA)1 data collected beginning on January 1, 2019 pursuant to […]

Interagency: Agencies Announce Two Public Meetings on Merger of BB&T and SunTrust; Public Comment Period Extended

The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Thursday announced that they will jointly hold two public meetings on the proposed merger of BB&T Corporation, Winston-Salem, North Carolina, with SunTrust Banks, Inc., Atlanta, Georgia. As part of the proposal, BB&T would merge SunTrust Bank with and […]

Federal Reserve: Consumer Affairs Letter Issued Regarding NMTCs and Public Welfare Investments

CA 19-1: New Markets Tax Credits and Public Welfare Investments BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. 20551   DIVISION OF CONSUMER AND COMMUNITY AFFAIRS CA 19-1 February 26, 2019   TO THE OFFICERS AND MANAGERS IN CHARGE OF CONSUMER AFFAIRS SECTIONS AND FINANCIAL INSTITUTIONS SUPERVISED BY THE […]

Federal Reserve: Speech | Strengthening the Community Reinvestment Act: What Are We Learning?

Strengthening the Community Reinvestment Act: What Are We Learning? Governor Lael Brainard At “Research Symposium on the Community Reinvestment Act” hosted by the Federal Reserve Bank of Philadelphia, Philadelphia, Pennsylvania Thank you all for participating in our Research Symposium on the Community Reinvestment Act (CRA). I am happy to have […]

Federal Reserve: FEDS Notes | Are Disappearing Employer Pensions Contributing to Rising Wealth Inequality?

Are Disappearing Employer Pensions Contributing to Rising Wealth Inequality? John Sabelhaus and Alice Henriques Volz* The share of U.S. workers covered by a traditional employer-sponsored pension plan has declined dramatically over the past few decades. Fewer jobs today have any form of employer-sponsored retirement plan coverage, and those jobs that […]

Federal Reserve: FRB Launches Article Series on Financial Conditions and Concerns of Consumers and Communities

The Federal Reserve Board on Wednesday announced Consumer & Community Context, an article series that features original analysis about the financial conditions and experiences of consumers and communities, including traditionally underserved and economically vulnerable households and neighborhoods. The goal of the series is to increase public understanding of the financial […]

Joint Release: Regulators Encourage Institutions to Work with Borrowers Affected by Government Shutdown

Joint press release with: Board of Governors of the Federal Reserve System, Conference of State Bank Supervisors, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency Five federal financial institutions regulators and state regulators encourage financial institutions to work with consumers affected by the federal government shutdown. While the […]

Joint Release: Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions Released

The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated […]