COMMUNITY BANKS: Office of the Comptroller of the Currency proposal to help small national banks qualify for subchapter S treatment. Published June 14. Comments due Aug. 13.
REG B: Proposal by the Federal Reserve Board to let lenders collect race and gender data on more borrowers. Approved June 23 and expected to be published soon. Comments due 90 days after publication.
INVESTMENTS: Proposal by the OCC to update and clarify its rules governing investment securities. Published June 14. Comments due Aug. 13.
PUBLIC WELFARE: Proposal by the OCC to simplify the prior notice and self-certification requirements covering national banks' public welfare investments. Among other changes, the plan would let national banks with less than $250 million of assets self-certify any public welfare investment. Published June 10. Comments due Aug. 9.
OP SUB: OCC application to permit National Bank of Commerce in Memphis to purchase, sell, underwrite, and deal corporate debt through an operating subsidiary, NBC Capital Markets Group Inc. To date, the agency has authorized only municipal revenue bond underwriting. Published June 11. Comments are due July 12.
CAPITAL RULES: Proposal by the Basel Committee for Banking Supervision to update the 1988 international risk-based capital accords. Rather than basing capital requirements on the type of asset a bank holds, capital would be based on the riskiness of the bank's borrowers as determined by a rating agency such as Standard & Poor's. Published by the Basel Committee on June 3. A copy is available on the Bank for International Settlements' Web site at www.bis.org. Comments due March 31.
CRA COMPLIANCE: The four federal bank and thrift agencies have recalculated the Community Reinvestment Act's reporting burden. New estimates range from less than 10 hours a year for banks under $250 million of assets that do not belong to a holding company up to 634 hours a year for holding companies with more than $1 billion of assets. The industry's total reporting burden is estimated at 1.25 million hours. The agencies are seeking comment on the accuracy of its new estimates. Published May 28 in the Federal Register. Comments due July 27.
CREDIT UNIONS: Proposal by the National Credit Union Administration to make a number of largely technical changes regarding the share insurance fund to comply with the credit union law enacted last August. Published May 26. Comments due July 26. Effective Jan. 1.
ACH SERVICES: Proposal by the Fed to modify the 12 Federal Reserve banks' pricing practices and deposit deadlines for automated clearing house transactions they exchange with private-sector ACH operators. Published May 21. Comments due Aug. 6.
COMMUNITY BANKS II: An advanced notice of proposed rulemaking by the OCC to ease the regulatory burden on banks with less than $1 billion of assets. Areas targeted for change include lending limits, capital requirements, and the applications process. Published May 12. Comments due July 12.
CU CAPITAL: Proposal by the NCUA to create a prompt corrective action system for undercapitalized credit unions. To be considered well capitalized, a credit union would need a net worth of 7% of assets. New credit unions would be evaluated under a separate structure. Published May 18. Comments due Aug. 18.
CREDIT RISK: The Basel Committee issued a paper questioning whether credit-risk models are sophisticated enough to be used to set regulatory capital requirements. Published May 3. Comments due Oct. 1.
FANNIE/FREDDIE CAPITAL: Proposal by the Office of Federal Housing Enterprise Oversight to create risk-based capital standards for Fannie Mae and Freddie Mac. Published April 13. Comment deadline extended three months, to Nov. 11.
