CRA REPORTING: Proposal by the Federal Financial Institutions Examination Council to resolve lingering questions over whether small- business loan refinancings and renewals must be reported under the Community Reinvestment Act. One option would count both renewals and refinancings, while the other would include neither. Published May 4 in the Federal Register. Comments due July 2.
CU CAPITAL: Proposal by the National Credit Union Administration 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. The proposal was approved May 3. Comments are due 90 days after publication.
CREDIT RISK: The Basel Committee for Banking Supervision 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.
RISK-BASED 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. Comments due Aug. 11.
EXCESS CAPITAL: Proposal by the Federal Housing Finance Board to ban Home Loan Bank members from holding more capital in the system than is required by law. Published April 6. Comments due May 17.
CAPITAL STOCK: Interim rule by the Finance Board to kill a proposed tax shelter that would have let member banks pay a fee to keep excess capital in a Home Loan bank. Published and effective April 6. Comments due May 17.