Regulatory Roundup: Comments Closed

MERGER APPLICATIONS: Proposal by the banking and thrift regulators to develop a uniform application for bank mergers that would simplify paperwork when approvals are re-quired from more than one agency. Published Jan. 21. Comments were due March 23.

ARM DISCLOSURE: Interim rule by the OTS to simplify disclosure requirements for adjustable-rate mortgages. Published and effective Jan. 8. Comments were due March 9.

THRIFT CAPITAL: Proposal by the OTS to exempt healthy independent thrifts from the agency's notification requirement when making certain capital distributions. Published Jan. 7. Comments were due March 9.

FOREIGN BANKING: Proposal by the Fed to expand the ability of foreign branches of U.S. banks to underwrite securities and to invest in foreign companies. It also would make it easier for foreign banks to branch in the United States. Published Dec. 31. Comments were due March 14.

MARKET RISK: Interim rule by the banking agencies eliminating a requirement that banks with large securities trading portfolios hold half the market risk capital demanded under international standards. Published Dec. 30 and effective Dec. 31. Comments were due March 2.

FHLB BYLAWS: Interim rule by the Finance Board giving the 12 Home Loan banks authority to approve their own bylaws. Published Dec. 11 and effective Jan. 12. Comments were due Jan. 12.

TRUTH-IN-LENDING: Proposal by the Fed to amend its Truth-in-Lending commentary to explain the difference between open- and closed-end loans. Published Dec. 9. Comments were due Jan. 20.

RESERVES: Proposal by the Fed to make it easier for banks to meet reserve requirements by letting them calculate mandatory reserves with deposit figures that are 17 days old. Published Nov. 12. Comments were due Jan. 12.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER