INTERSTATE I: The three banking agencies are expected in several weeks to consider a final rule to prevent out-of-state branches from draining deposits out of communities. The proposed rule would require branches of out-of-state banks to lend at least half as much as the average home-state bank. It was published March 17, and comments were due May 2. It was supposed to have been ready in time for full-scale interstate branching June 1.

FOREIGN BANKS: The rewriting of Regulation K is now more than six months late. The rule, which governs the overseas operations of domestic banks and the U.S. operations of foreign banks, now is not expected until late summer.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.