Joint Agency Actions   

Agencies announce change to SNC definition. The Federal Reserve, the FDIC, and the OCC announced that, effective January 1, 2018, the aggregate loan commitment threshold for inclusion in the Shared National Credit program will increase from US$20 million to US$100 million. This change will reduce reporting burden for a substantial number of banking institutions, with no material impact on the size of the portfolio evaluated. (12/21/2017)   

Annual CRA asset-size threshold adjustments for small and intermediate small institutions. The FDIC, the Federal Reserve, and the OCC 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 CRA regulations. (12/21/2017)   

Joint determinations for living wills. The Federal Reserve and the FDIC announced that the resolution plans of the eight largest and most complex domestic banking organizations did not have “deficiencies,” or weaknesses severe enough to trigger a resubmission process that could result in more stringent requirements. Additionally, the agencies jointly determined that the plans of four firms have “shortcomings,” or less-severe weaknesses that require additional work in their next plan. (12/19/2017)   

US federal banking agencies support conclusion of reforms to international capital standards. The Federal Reserve System, the FDIC, and OCC announcedtheir support for the conclusion of efforts to reform the international bank capital standards initiated in response to the global financial crisis. The Governors and Heads of Supervision and the Basel Committee on Banking Supervision announced the finalization of the reforms to the “Basel III” agreement on bank capital standards.  Pursuant to this agreement, the Basel Committee will bring to conclusion the international reforms initiated in response to the global financial crisis. The finalized reforms are intended to improve risk sensitivity, reduce regulatory capital variability, and level the playing field among internationally active banks. (12/7/2017)   

OCC 

Third quarter trading revenue of US$6.4 billion. The OCC announced that it has reported trading revenue of US commercial banks and savings associations of US$6.4 billion in the third quarter 2017, US$241 million, or 3.6 percent, lower than the previous quarter. (12/26/2017) Quarterly Report on Bank Trading and Derivatives Activities.   

Mortgage Metrics Report. The OCC released its OCC Mortgage Metrics Report for Third Quarter 2017. (12/22/2017)   

HMDA: implementation of data collection in 2018. The OCC issued a bulletinregarding the amendments to the rule that implements the Home Mortgage Disclosure Act, Regulation C, issued by the CFPB in 2015, which became effective on January 1, 2018. (12/21/2017)   

Examiner guidance issued for institutions affected by major disasters. The OCC announced that it has issued guidance for examiners of national banks and federal savings association outlining the supervisory practices for assessing the condition of national banks, federal savings associations, and federal branches and agencies of foreign banks directly affected by a disaster that results in a Presidential declaration of a major disaster. (12/15/2017)   

FDIC    Resource guide highlights collaborative opportunities with MDIs. The FDIC announced that it has issued a resource guide that underscores ways insured depository institutions, including community banks, can partner with minority depository institutions to the benefit of all institutions involved, as well as the communities they serve. (12/22/2017)   

History of FDIC’s response to the financial crisis. The FDIC announced its release of Crisis and Response: An FDIC History, 2008–2013, a history of the financial crisis focusing on the agency's response and lessons learned from its experience. (12/18/2017) 

FFIEC   

June 2017 proposed revisions to streamline Call Report finalized. The three federal banking agencies of the FFIEC announced that they have finalized a proposal issued in June 2017 to reduce the reporting burden associated with the preparation and filing of the “Call Report.” (1/3/2018)   

Federal Reserve   

Comment requested on proposed guidance that would clarify supervisory expectations related to risk management for large financial institutions. The Federal Reserve announced that it has requested comment on proposed guidancethat would clarify the Board's supervisory expectations related to risk management for large financial institutions. (1/4/2018)   

Board repeals Regulation C and seeks public comment on proposal to revise Regulation M. The Federal Reserve announced the repeal of one regulation and the revision of a second to reflect the transfer of certain consumer protection rule-writing authority to the CFPB. The Board published a final rule to repeal Regulation C, which has been superseded by final rules issued by the CFPB. The Board also published a proposal to revise its Regulation M to reflect changes in the coverage of the Board’s rule under Dodd-Frank. (12/18/2017)   

FOMC statement and economic projections. The Board issued an FOMC statement. In addition, the Board and the FOMC released economic projections from the December 12-December 13 FOMC meeting. (12/13/2017)   

Comment sought on proposed changes to payment system risk policy. The Board requested public comment on proposed policy changes to procedures governing the provision of intraday credit to US branches and agencies of foreign banking organizations. The changes are intended to refine the methods for determining the level of intraday credit that these branches and agencies can receive from the Federal Reserve Banks. Comments on the proposed changes to the policy must be received by February 12, 2018. (12/11/2017)   

Comment requested on package of proposals that would increase the transparency of its stress testing program. The Federal Reserve requestedcomment on a package of proposals that would increase the transparency of its stress testing program. Comments must be submitted by January 22, 2018. (12/7/2017)  

Comment requested on proposal to amend Regulation A. The Federal Reserve requested public comment on a proposal to amend Regulation A, which governs extensions of credit by Federal Reserve Banks, to make certain technical adjustments including to reflect the expiration of the TALF program. Comments on the proposal must be submitted within 30 days of publication in the Federal Register. (12/4/2017)