REGULATION Y: The Fed is expected to adopt a proposal in the first quarter opening more data processing business to banking companies, streamlining application procedures, and abolishing tying restrictions on nonbanks. Published Sept. 6; comments were due Oct. 31.
FOREIGN BANKS: The Fed is expected to propose a major overhaul of its rules governing foreign banks. Scores of duplicative filing requirements may be eliminated, making it easier for foreign banks to expand their operations here.
RECOURSE: A supervision task force of the Federal Financial Institutions Examination Council is expected to recommend this month that the agencies adopt a plan reducing the amount of risk-based capital banks must hold against some assets sold with recourse. Regulators are expected to issue a joint rule by the end of next month. Under the plan, the agencies also could require banks to hold more capital against other assets, such as letters of credit. This plan is not directly related to proposed call report changes. An advance notice of proposed rulemaking was issued for comment in May 1994. Comments were due in July 1994.