DATA REPORTING: Still no word yet on a proposal by the Fed to let banks voluntarily collect race and sex data on owners of small businesses. Banks could use the information to determine how well they are serving all segments of their markets; the data could not be used for underwriting purposes. Bankers are generally critical of the proposal, claiming the data would be unreliable. Published April 26. Comments were due June 27.
INTEREST RATE RISK: The banking agencies are still working on a proposal to incorporate interest rate risk into capital standards. The Fed had scheduled a Dec. 13 meeting to debate the proposal, but withdrew it. The agencies also dropped a requirement that banks collect interest rate risk data during the first quarter. (See "Recent Actions".) Bankers have criticized the proposed interest rate risk formula, saying it is too rigid.