March 30, 2007 - FRB Financial Services has posted information regarding the distribution of the new Washington State quarter and the new John Adams dollar commemorative coins online. http://www.frbservices.org/Cash/commemcoin.html

March 29, 2007 - The OCC has issued a consumer alert concerning inquiries and complaints from consumers who received solicitations about a "Community Reinvestment Act (CRA) Program" that entitles certain homeowners to cash grants or equity disbursements. Some of these solicitations may be read to indicate that the federal bank and thrift regulatory agencies endorse or support the offers. http://www.occ.treas.gov/ftp/release/2007-29.htm

March 28, 2007 - FDIC outlined a proposal before the FDIC Advisory Committee on Economic Inclusion to create a two-year pilot project for banks. The committee endorsed a project highlighting the need for reasonably priced, small-dollar loan programs that provide value to consumers and banks. http://www.fdic.gov/news/news/press/2007/pr07026.html

March 28, 2007 - FinCEN has updated the 314a Fact Sheet and the Law Enforcement Information Sharing Report as of March 27, 2007. http://www.fincen.gov/314afactsheet.pdf and http://www.fincen.gov/leinfosharing.pdf

March 28, 2007 - The FFIEC has published an update to the Call Report Instruction Book and Optional Worksheet for calculating Call Report applicable income taxes. http://www.ffiec.gov/pdf/ffiec_forms/FFIEC031_041_200703_i_updates.pdf and http://www.ffiec.gov/pdf/ffiec_forms/OptionalTaxWorksheet_200703.pdf

March 28, 2007 - The FDIC has issued guidance for financial institutions to facilitate recovery in counties in Georgia and Alabama affected by recent storms and tornadoes. http://www.fdic.gov/news/news/financial/2007/fil07029a.html

March 28, 2007 - The OCC has posted the March 2007 New Electronic Interpretations and Actions. http://www.occ.treas.gov/interp/mar07/intmar07.htm

March 27, 2007 - The FFIEC has issued Supplemental Instructions regarding the filling of the March 31, 2007 Call Report. http://www.ffiec.gov/PDF/FFIEC_forms/FFIEC031_041_suppinst_200703.pdf

March 22, 2007 - The Federal Open Market Committee has released a statement keeping the target for the federal funds rate at 5-1/4 percent. http://www.federalreserve.gov/boarddocs/press/monetary/2007/20070321/default.htm

March 21, 2007 - Eight federal regulators have released a notice of proposed rulemaking (NPR) requesting comment on a model privacy form that financial institutions can use for their privacy notices to consumers required by the Gramm-Leach-Bliley Act (GLB Act). http://www.federalreserve.gov/boarddocs/press/bcreg/2007/20070321/default.htm

March 21, 2007 - A federal district court in Illinois has entered an order against several Canadian cross-border fraudsters that permanently bans their deceptive telemarketing pitches and requires them to pay $8.1 million gained from their sale of non-existent advance-fee Visa and MasterCard credit cards to U.S. consumers. http://www.ftc.gov/os/caselist/crossborder/index.shtm

March 20, 2007 - The OCC will host a workshop for new national community bank directors in Washington, D.C. on April 16-18, 2007. Online registration is available at http://www.occ.gov/conference.htm .

March 19, 2007 - Beginning April 1, 2007, the Base Flood Elevations (BFEs) notices will also be posted on the FEMA Website. FEMA currently publishes legal notices in local newspapers for new or revised Flood Insurance Rate Maps (FIRM) and new or modified Base Flood Elevations (BFEs), including revisions that are effected by Letter of Map Revision (LOMR) are for proposed for a community. https://www.floodmaps.fema.gov/fhm/Scripts/bfe_main.asp

March 19, 2007 - The Federal Reserve has posted the new reference rates that lenders must use to determine if loans for which applications are received in April 2007 will be subject to HOEPA under the APR trigger test. Use the FRB H.15 to find applicable release that lists the Treasury Security with the same maturity term as your loan. To make the calculation, you use the yield in effect on the 15th of the month that precedes the month you received the application. http://www.federalreserve.gov/releases/h15/update/ and http://www.federalreserve.gov/releases/h15/

March 19, 2007 - The National Automated Clearing House Association (NACHA) has released the 2007 ACH Rules: A Complete Guide to Rules and Regulations Governing the ACH Network. http://www.frbservices.org/Retail/pdf/fedach_rules_letter_2007.pdf

March 16, 2007 - FinCEN has updated the 314a Fact Sheet and the Law Enforcement Information Sharing Report. http://www.fincen.gov/314afactsheet.pdf and http://www.fincen.gov/leinfosharing.pdf

March 16, 2007 - The FRB has implemented new due diligence procedures for certain FedCash Services requests to use information collected through the Board Resolution and Official Authorization List (OAL) process. http://www.frbservices.org/Accounting/pdf/BoardResolutions_AuthorizedApprove rPackage.pdf

March 15, 2007 - The March 15, 2007 issue of the Federal Reserve Board publication FedFlash has been issued. http://www.frbservices.org/FedFlash/2007/031507/FedFlash031507.pdf

March 15, 2007 - Treasury has issued a final rule against Banco Delta Asia SARL (BDA) under Section 311 of the USA PATRIOT Act that bars BDA from accessing the U.S. financial system, either directly or indirectly. Under the final rule, which takes effect in 30 days, U.S. financial institutions will be prohibited from opening or maintaining correspondent accounts for or on behalf of BDA. http://www.fincen.gov/bda_final_rule.pdf

March 14, 2007 - The Federal Reserve Board and the New York State Banking Department have announced a Written Agreement with Intesa Sanpaolo S.P.A., Turin, Italy, that addresses BSA/AML compliance policies and practices at the institution's New York branch. http://www.federalreserve.gov/boarddocs/press/enforcement/2007/20070313/atta chment.pdf

March 14, 2007 - The Federal Reserve Board has published the household debt service ratio (DSR) and financial obligations ratio (FOR) for the Fourth Quarter 2006. http://www.federalreserve.gov/releases/housedebt/default.htm

March 13, 2007 - The OCC has posted the February 2007 New Electronic Interpretations and Actions. http://www.occ.treas.gov/interp/feb07/intfeb07.htm

March 12, 2007 - Treasury has released an update of its U.S. economic strength report. http://www.treas.gov/press/releases/reports/document2hp303.pdf

March 9, 2007 - FinCEN has issued a notice to remind financial institutions who file Bank Secrecy Act (BSA) forms by magnetic media that the only approved filing media are 3.5 inch diskettes and 18/36 track artridges. http://www.fincen.gov/Notice_to_Magnetic_Media_Filers.html

March 7, 2007 - In a presentation before the Independent Community Bankers of America's Annual Convention, Chairman Bernanke discussed the regulation and supervision of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). http://www.federalreserve.gov/boarddocs/speeches/2007/20070306/default.html

March 6, 2007 - James Freis, Jr., the current Deputy Assistant General Counsel for Enforcement & Intelligence, has been named the new Director of FinCEN. http://www.treas.gov/press/releases/hp292.htm

March 5, 2007 - The joint federal regulatory agencies are requesting comments on a proposed Statement on Subprime Mortgage Lending. The statement addresses emerging issues and questions relating to certain subprime mortgage lending practices, and it discusses risk management and consumer compliance processes, policies, and procedures that institutions should implement to respond to these concerns. http://www.federalreserve.gov/boarddocs/press/bcreg/2007/20070302/attachment .pdf

March 5, 2007 - An Alert has been issued by the OCC regarding fraudulent correspondence, including e-mails that refer to the U.S. House Committee on Financial Services and appear to use the Committee’s letterhead. The communications appear to be part of a Nigerian "419" scam. Recipients are requested to forward the emails to the United States Secret Service. http://www.occ.treas.gov/ftp/alert/2007-12.html

March 5, 2007 - The OCC recently revised the Charters booklet in its Licensing Manual series addressing cumulative voting rights for election of directors. http://www.occ.treas.gov/corpbook/group4/public/pdf/charters.pdf

March 5, 2007 - The OCC has announced the 2007 schedule of the workshops that the agency will host for national bank directors. One and two day workshops will be presented on various topics. Online registration is available at http://www.occ.gov/conference.htm

March 2, 2007 - The Federal Financial Institutions Examination Council (FFIEC) has approved revisions to the reporting requirements for the Consolidated Reports of Condition and Income (Call Report) and the Thrift Financial Report (TFR). These regulatory reporting revisions will take effect as of March 31, 2007, with a one-year transition period for one of the reporting changes. http://www.fdic.gov/news/news/financial/2007/fil07021.html

March 2, 2007 - FRB Financial Services has announced new FedReceipt routing numbers that will be effective March 12, 2007. http://www.frbservices.org/Retail/check21CustComm.html

March 2, 2007 - The March 2007 issue of the Federal Reserve publication FedFlash has been published and is available online at http://www.frbservices.org/FedFlash/2007/030107/FedFlash030107.pdf

March 1, 2007 - FRB Financial Services has announced revisions to Operating Circular 1 that will be effective April 1, 2007. http://www.frbservices.org/OperatingCirculars/index.html

March 1, 2007 - FRB Financial Services has announced a special process to be implemented regarding the ordering of the new $1 Presidential coins.  http://www.frbservices.org/FedFlash/2007/020107/national.html#article3