Regulatory Roundup: IMPORTANT, NOT IMMINENT

DATA REPORTING: Still no word on a proposal by the Fed to let banks voluntarily collect race and sex data on owners of small businesses. Bankers are generally critical of the proposal, claiming the data would be unreliable. Published April 26. Comments were due June 27.

INTEREST RATE RISK: The banking agencies are still working on a proposal to incorporate interest rate risk into capital standards. The Fed had scheduled a Dec. 13 meeting to debate the proposal but withdrew it. The agencies also dropped a requirement that banks collect interest rate risk data during the first quarter. Bankers have said the proposed interest rate risk formula is too rigid.

Published Aug. 2. Comments were due Oct. 2.

BANK POWERS: The OCC's proposal to let national banks conduct new activities through operating subsidiaries has entered its second year. The agency is awaiting the fate of a House bill repealing the Glass-Steagall Act that would require new securities activities to be conducted in holding company subsidiaries. The plan was proposed last November; comments were due in January 1995.

RECOURSE II: The agencies are trying to come up with a comprehensive, credit-rating-based method for determining how much capital banks must hold against assets sold with recourse. An advance notice of proposed rulemaking was issued for comment in May 1994. Comments were due in July 1994. A more concrete proposal was expected by yearend but has been pushed back and could surface in the first quarter.

PREMIUM BASE: The Federal Deposit Insurance Corp. has had pending since September 1994 an advance notice of proposed rulemaking examining different ways to assess deposit insurance premiums.

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