Regulatory Roundup: Comment Closed

PILOT PROGRAM: Proposal by the housing finance board to let the Federal Home Loan Bank of Seattle buy mortgages from member institutions. Published Aug. 8. Comments were due Sept. 8.

RESERVE ACCOUNTS: Proposal by the Fed to let foreign banks either keep all their reserves in a single account or keep separate accounts at Fed banks in each district where they operate. Published Aug. 8. Comments were due Sept. 12.

SERVICING ASSETS: Proposal by the banking and thrift agencies to double- to 100% of Tier 1 capital-the cap on the amount of mortgage servicing assets that may count toward capital requirements. Servicing assets exceeding that limit would be deducted from Tier 1 capital. Published Aug. 4. Comments due were Oct. 3.

BUSINESS LOANS: Proposal by the National Credit Union Administration to double, to $100,000, the maximum amount that credit unions may lend to businesses without triggering restrictive commercial lending rules. Published Aug. 1. Comments were due Sept. 30.

CONVICTS: Proposal by the FDIC to bar people convicted of criminal offenses from owning the largest block of shares in an institution. Published July 24. Comments were due Sept. 22.

TRUST ACTIVITIES: Proposal by the OTS to update rules governing federal thrift trust activities. Published July 23. Comments were due Sept. 22.

BANK SUBSIDIARIES: Proposal by the Fed to apply capital restrictions to bank operating subsidiaries. Published July 15. Comments were due Oct. 3.

FOREIGN BRANCHES: Proposal by the FDIC to exempt well-run, well- capitalized institutions from filing applications to open foreign branches or make foreign investments. The plan also would let FDIC-regulated banks invest and trade in government securities of countries in which they do not have a branch. Published July 15. Comments were due Sept. 15.

FAIR CREDIT: Proposal by the Fed to exempt some transactions from the Fair Credit Reporting Act's disclosure requirements. Published July 11. Comments were due Aug. 15.

SAME-DAY SETTLEMENT: Proposal by the Fed to create a same-time- settlement service for banks. Published June 12. Comments were due Aug. 11.

MUTUAL THRIFTS: Proposal by the OTS to let federal mutual holding companies set up state-chartered stock holding companies. This structure would let thrifts avoid paying high taxes in stock buybacks. Published June 5. Comments were due Aug. 4.

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