The Federal Reserve Board, the FDIC, FinCEN, the OCC and the Conference of State Bank Supervisors clarified the legal status of hemp and Suspicious Activity Report obligations for banks under the Bank Secrecy Act.
The OCC, the Federal Reserve Board and the FDIC adopted amendments to the capital requirement for U.S. banking organizations engaged primarily in custodial activities.
The OCC, the Federal Reserve Board and the FDIC will implement a standardized approach to calculating the exposure amount of derivative contracts under the "regulatory capital rule."
The OCC, the Federal Reserve Board and the FDIC approved a revised definition of the "high volatility commercial real estate loan" under their respective regulatory capital rules.
The Federal Reserve Board and the FDIC approved, in separate orders, the merger of BB&T Corporation and SunTrust Banks, Inc. and their subsidiary depository institutions.
The Federal Reserve Board proposal to extend the single-counterparty credit limit compliance dates for foreign banking organizations was published in the Federal Register. Comments on the proposal must be submitted by December 20, 2019.
The Federal Reserve Board corrected the comment deadline for a proposal to raise the threshold for bank holding companies and savings and loan holding companies, subject to Regulation TT assessments.
The Federal Reserve Board proposal to raise the threshold for bank holding companies and savings and loan holding companies, subject to Regulation TT assessments, was published in the Federal Register.
U.S. prudential regulators' proposed rule amendments governing margin requirements for uncleared swaps and security-based swaps were published in the Federal Register.
