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FSOC Notice Withdrawn: NB Summary - Sept 13 UST CCMR Meeting

The Financial Stability Oversight Council (FSOC) has withdrawn a notice regarding the NB Summary from the Sept 13 UST CCMR Meeting. The document was withdrawn because it was intended for public submissions.

FSOC Meeting Notice Withdrawn

The Financial Stability Oversight Council (FSOC) has withdrawn a notice regarding its November 1, 2023 meeting. The reason cited for withdrawal is that the document should have been filed under public submissions rather than the current location.

OTS Proposed Rule on Basel II Capital Standards

The Office of Thrift Supervision (OTS) has proposed amendments to its advanced risk-based capital adequacy standards to align with the Dodd-Frank Act. The proposal also seeks to provide limited flexibility in general risk-based capital rules for certain assets not typically held by depository institutions.

Community Reinvestment Act Regulations Revisions

The OCC, Board, FDIC, and OTS have issued a joint final rule revising the Community Reinvestment Act (CRA) regulations. The revisions expand the definition of 'community development' to include activities supporting the Neighborhood Stabilization Program (NSP), providing favorable CRA consideration for such activities that benefit low-, moderate-, and middle-income individuals and geographies.

Rule: Prohibited Service at Savings and Loan Holding Companies

The Office of Thrift Supervision (OTS) has issued a final rule amending its regulations concerning prohibited service at savings and loan holding companies (SLHCs). This rule reinstitutes a temporary exemption for individuals who held positions with an SLHC as of the enactment of Section 19(e) of the FDIA, extending its expiration date to December 31, 2012.

Community Reinvestment Act Regulations: Technical Amendment to Asset Thresholds

The OCC, Board, FDIC, and OTS jointly issued a technical amendment to their Community Reinvestment Act (CRA) regulations. This amendment adjusts the asset-size thresholds used to define 'small bank' and 'intermediate small bank' based on the annual percentage change in the Consumer Price Index.

US Mint withdraws proposed rule ending coin exchange program

The United States Mint has withdrawn its proposed rule to end the exchange program for bent and partial coins. This action follows a proposed rulemaking from May 2021. The Mint cited increased volume, authentication difficulties, and operational losses as reasons for closing the program.

US Mint Ends Regulations for Bent, Partial, Fused Coins

The United States Mint is removing Treasury regulations that allowed for the exchange of bent, partial, and fused coins. This action effectively ends the program for redeeming such coins, citing increased difficulties in authentication and program integrity.

US Mint Proposed Rule on Coin Exchange

The United States Mint has proposed revisions to its regulations concerning the exchange of uncurrent, bent, partial, fused, and mixed coins. These proposed updates aim to enhance the integrity of the coin acceptance and processing procedures and include revised redemption rates and new certification and submission requirements for participants.

United States Mint Revises Coin Exchange Regulations

The United States Mint has issued a final rule amending Treasury regulations concerning the exchange of uncurrent, bent, partial, fused, and mixed coins. The revisions update redemption rates and procedures to enhance the integrity of coin processing and comply with codification requirements.