Regulatory Roundup: Open for Comment

FED WIRE: Proposal by the Federal Reserve Board to reserve the last 15 minutes of each Fed Wire operating day for funds transfers by banks for their own accounts. Expected to be published shortly. Comments due Aug. 12.

SMALL-BUSINESS LOANS: Proposal by the Small Business Administration to require banks selling the nonguaranteed portion of 7(a) loans to retain a percentage of the credit. Published May 18. Comments due July 17.

COMMUNITY LENDING: Proposal by the Federal Housing Finance Board to create two new programs for rural and urban community investment. Published May 8. Comments due Aug. 6.

LETTERS OF CREDIT: Proposal by the Finance Board to make it easier for the 12 Home Loan banks to issue standby letters of credit for economic development projects. Published May 8. Comments due Aug. 6.

INTEREST RATE RISK: Proposal by the Office of Thrift Supervision to streamline the test used to determine interest rate exposure. It would increase to $1 billion of assets the size of institutions that are expected to develop their own interest rate risk models. Published April 23. Comments due June 22.

DERIVATIVES: Proposal by the OTS to eliminate limitations on the amount of specific derivatives investments a thrift may hold. Instead, thrifts could only use derivatives to reduce risk exposure. Published April 23. Comments due June 22.

MUTUAL THRIFTS: Proposal by the OTS to give federal mutual thrifts the option to adopt a "one depositor, one vote" governing structure. Published April 14. Comments due June 15.

REPO AGREEMENTS: Proposal by the OTS to prohibit thrifts from entering reverse repurchase agreements with their nonbank affiliates. Published April 13. Comments due June 12.

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