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The FDIC requested comments on its proposed updates to a series of frequently asked questions and an accompanying introductory letter regarding identifying, accepting and reporting brokered deposits that were issued in January 2015. Comments on the proposed updates must be submitted by December 28, 2015.

The FDIC clarified its "Payday Lending Programs: Revised Examination Guidance" and the attached "Revised Guidelines for Payday Lending" (collectively, the "2005 Payday Lending Guidance") to "ensure that bankers and others are aware that [the 2005 Payday Lending Guidance] does not apply to banks offering products and services, such as deposit accounts and extensions of credit, to non-bank payday lenders." The FDIC specified that the Financial Institution Letter applies to all FDIC-supervised financial institutions that make payday loans.

Commentary by Steven Lofchie

Director of the Office of Financial Research (“OFR”) Richard Berner discussed the importance of understanding how the financial system functions under stress. He emphasized the need to gather and standardize data for analysis and for policymakers to be able to respond to identified threats to market stability. The Director argued that financial stability is not about constraining market volatility, but is instead about resilience. He identified two aspects of resilience that must be examined: (i) does the system have enough shock-absorbing capacity so it can still function? and (ii) are

A number of financial services associations called for regulatory agencies to do "substantial additional work" on the Basel Committee on Banking Supervision's (“BCBS”) proposed framework, in advance of the U.S. consideration of the Fundamental Review of the Trading Book ("FRTB") rules. In a letter to the U.S. Department of the Treasury, the Office of the Comptroller of the Currency, the Federal Reserve Board of Governors and the FDIC, SIFMA et. al., warned of “potentially very negative impact[s] that the FRTB rules would have on the American financial markets, particularly as related to

The Board of Governors of the Federal Reserve System ("FRB") proposed amendments to Regulation D ("Reserve Requirements of Depository Institutions"). The amendments reflect the annual indexing of the reserve requirement exemption amount. The Regulation D amendments set the amount of total reservable liabilities of each depository institution subject to a zero percent reserve requirement in 2016 at $15.2 million (an increase from $14.5 million in 2015).