Guidance on risk management for higher-loan-to-value lending programs in communities targeted for revitalization. The OCC announced that it has issued a bulletin providing guidance to spur community revitalization through prudent higher-loan-to-value mortgage lending in targeted areas. (8/21/2017)

Update to Bank Accounting Advisory Series. The OCC announced that it has released an update to the Bank Accounting Advisory Series, which reflects accounting standards issued by the Financial Accounting Standards Board on topics such as the recognition and measurement of financial instruments, leases, and revenue. (8/15/2017)

Treatment of certain centrally cleared derivative contracts. The Board of Governors of the Federal Reserve System, the FDIC, and the OCC announced that they have issued interagency guidance on the regulatory capital treatment of certain centrally cleared derivative contracts in light of recent changes to the rulebooks of certain central counterparties. (8/14/2017)


Resolution plan filing deadline extended for certain foreign and domestic banks. The Federal Reserve Board and FDIC announced that they have extended the resolution plan filing deadline for 19 foreign banking organizations and two large domestic bank holding companies to December 31, 2018, to give the firms an additional year to address any supervisory guidance in their next plan submissions. (8/8/2017)

Federal Reserve 

Guidelines issued to evaluate requests for joint accounts at Federal Reserve banks. The Board announced that it has released final guidelines that will be used to evaluate requests for joint accounts at Federal Reserve Banks effective upon publication in the Federal Register. (8/9/2017)