The OCC, Federal Reserve Board, FDIC, Farm Credit Association, and Federal Housing Finance Agency jointly adopted an interim final rule to delay the compliance dates for initial margin requirements.
The Federal Reserve Board found the 2020 Dodd-Frank stress test results demonstrate that, despite suffering substantial losses under a "severely adverse" scenario, large banks " could continue lending to businesses and households."
The FDIC adopted a series of amendments to its swap margin rules, including for LIBOR transition, inter-affiliate initial margin and the extension of compliance dates.
The Federal Reserve Board, the FDIC, the OCC, the National Credit Union Administration and state financial regulators provided guidance to examiners for assessing the "safety and soundness" of a financial institution during the COVID-19 pandemic.
A Federal Reserve working group, made up of government and payments industry experts, developed a uniform fraud classification system to address fraud involving Automated Clearing House, wire, and check payments.
The Federal Reserve Board expanded its Main Street Lending Program to allow more small- and medium-sized businesses to receive support from the program.
A Federal Reserve Board, FDIC and OCC interim final rule to temporarily adjust the supplementary leverage ratio calculation for certain depository institutions was published in the Federal Register.
In testimony before the Senate Banking Committee, Federal Reserve Board Chair Jerome H. Powell and Secretary of the Treasury Steven T. Mnuchin reviewed government actions taken pursuant to the Coronavirus Aid, Relief, and Economic Security Act.
The Federal Reserve Board, the FDIC and the OCC made temporary adjustments to the supplementary leverage ratio calculation for certain depository institutions to enable them to expand lending to households and businesses.
Federal Reserve Board Vice Chair for Supervision Randal K. Quarles and OCC Comptroller Joseph M. Otting described supervisory and regulatory actions to support "consumers, households and businesses" and ongoing efforts to strengthen the banking system.
The Federal Reserve Board, the FDIC, the National Credit Union Administration and the OCC issued final guidance and a related policy statement on financial institutions' credit risk review and accounting for credit loss.
The Fed, the FDIC and the OCC modified the liquidity coverage ratio rule to eliminate the effects on banking organizations for participating in the Money Market Mutual Fund Liquidity Facility and the Paycheck Protection Program Liquidity Facility.
The Federal Reserve Bank of New York issued an additional series of FAQs concerning the Primary Market Corporate Credit Facility and the Secondary Market Corporate Credit Facility.
The Federal Reserve Board expanded the Paycheck Protection Program Liquidity Facility to program lenders approved by the Small Business Administration.
The Federal Reserve Board extended by 18 months the initial compliance date for a final rule imposing single-counterparty credit limits for bank holding companies and certain foreign banking organizations.
The Federal Reserve Board revised its Main Street Lending Program to expand the scope of small- and medium-sized businesses eligible to borrow under the programs.
A Federal Reserve Board interim final rule to simplify reserve requirements by temporarily eliminating transfer limits on savings deposits was published in the Federal Register.
