SECURITIES UNDERWRITING: The Fed is expected to more than double - to 25% - the amount of revenue a banking company affiliate may earn underwriting commercial securities. Published Aug. 5. Comments were due Sept. 30.
FOREIGN BANKS: By yearend the Fed is expected to propose a major overhaul of the rules governing foreign banks. The changes are expected to eliminate scores of duplicative filing requirements and make it easier for foreign banks to expand their operations here.
BANK POWERS: The Office of the Comptroller of the Currency is expected to let national banks conduct through operating subsidiaries activities not permitted for the parent. The proposal has been criticized by lawmakers as too risky. The OCC rule was proposed in November 1994. Comments were due in January 1995. Action is expected this month.
RECOURSE: A proposal that would reduce the amount of risk-based capital that banks must hold against some assets sold with recourse is still pending at the agencies. Under the plan, regulators also may require banks to hold more capital against other assets, such as letters of credit. This plan is not directly related to the proposed call report changes. An advance notice of proposed rulemaking was issued for comment in May 1994. Comments were due in July 1994.