The Federal Reserve prepares this monthly report as part of its efforts to enhance transparency about the range of programs and tools that have been implemented in response to the financial crisis and to ensure appropriate accountability to the Congress and the public. The Federal Reserve implemented a number of credit and liquidity programs to support the liquidity of financial institutions and to foster improved conditions in financial markets in response to the extraordinary strains that began to emerge in the summer of 2007. Date January 2011 Cross References (links may require a Cabinet

This SR letter provides direction to supervisory and banking organization staff on the potential impact of high-cost credit protection transactions on their assessment of a banking organization's overall capital adequacy. Date January 25, 2011 Cross References (links may require a Cabinet subscription) SR 11-1

Commodity Futures Trading Commission The Commission is proposing to simultaneously establish position limits and limit formulas for certain physical commodity futures and option contracts executed pursuant to the rules of designated contract markets ("DCM") and physical commodity swaps that are economically equivalent to such DCM contracts. The CFTC is also proposing aggregate position limits that would apply across different trading venues to contracts based on the same underlying commodity. The Commission is proposing to establish position limits in two phases: The first phase would involve

The Federal Reserve Bank of New York approved applications by Chemung Financial Corporation, Elmira, New York, for prior approval of the Board to acquire Fort Orange Financial Corp., and its wholly-owned subsidiary, Capital Bank Trust Company, both of Albany, New York. Date January 24, 2011 Cross References (links may require a Cabinet subscription) Sections 3(a)(3) and 3(a)(5) of the BHCA

The federal banking regulators have issued a joint proposal to establish the general risk-based capital rules as a permanent floor for the Basel II advanced approaches risk-based capital rules Date January 11, 2011 Cross References (links may require a Cabinet subscription) OCC 2011-2