DERIVATIVES: The Securities and Exchange Commission adopted a rule Jan. 28 requiring financial institutions to disclose more information about their derivatives portfolios. Expected to be published shortly. Effective 60 days later.
RESERVES: The Fed revamped Regulation R, eliminating outdated provisions. Published Dec. 31. Effective April 1.
SECTION 20: The Fed more than doubled the share of revenue a banking company affiliate may earn from underwriting commercial securities. The revenue earned from those activities by section 20 units may make up 25% of their total revenues. The cap had been 10%. Published Dec. 30. Effective March 6.
MONEY LAUNDERING: The FDIC rescinded a policy statement that banks maintain records on fund transfers in order to assist law enforcement in tracking money laundering. It has been replaced by an amendment to the Bank Secrecy Act. Published and effective Jan. 31.
LOAN SALES: The FDIC rescinded a policy statement that guided institutions on the sale of U.S. government-guaranteed loan sales and sale premiums. Published and effective Jan. 30.
TRUST: The OCC made it easier for national banks to manage, invest, and distribute trust funds by revising part 9 of its rule book. Published Dec. 30. Effective Jan. 29.
LOW-DOC LOANS: Interim rule from the Small Business Administration requiring lenders to make at least 20 commercial real estate or industrial loans of less than $100,000 before qualifying for the low-documentation loan program. Published and effective Jan. 3.
FHLB SALARIES: The Federal Housing Finance Board gave the Federal Home Loan banks more authority to set salaries for their presidents. Published and effective Jan. 2.
CREDIT UNION RULES: The National Credit Union Administration permanently exempted small, nonautomated credit unions from Truth-in-Savings rules. The threshold of loans to officials requiring approval from a credit union's board was doubled, to $20,000. Published and effective Dec. 27.
REG B: Nearly two years after suggesting it, the Fed decided against letting banks voluntarily collect race and gender data on small-business borrowers. Published Dec. 30. Effective Dec. 24.
