Page 14 - Microsoft Word - 2017 Spring Visit brochure DAC.dox.docx
P. 14
corporation is treated as stock or indebtedness FHFA has adjusted the cap on average total
for all purposes of the Internal Revenue Code. assets that is used in determining whether a
The corrections are effective 01/23/2017. The Federal Home Loan Bank member qualifies as a
corrections may be viewed at: community financial institution to
https://www.gpo.gov/fdsys/pkg/FR-2017-01- $1,148,000,000, based on the annual percentage
24/pdf/2017-00498.pdf. Federal Register, Vol. increase in the Consumer Price Index for all
82, No. 24, 01/24/2017, 8165-8169. urban consumers, as published by the
Department of Labor. The adjustment is
Treasury Requests Comment on Information effective 01/01/2017. The notice may be viewed
Collections. at: https://www.gpo.gov/fdsys/pkg/FR-2017-01-
19/pdf/2017-01104.pdf. Federal Register, Vol.
• Treasury has issued a notice to 82, No. 12, 01/19/2017, 6551.
announce it seeks comment on the information
collection titled Bank Enterprise Award Program SBA Issues Interim Final Rule Adjusting Civil
Application. Treasury also giving notice that it Monetary Penalties for Inflation.
has sent the collection to OMB for review.
Comments are due 02/13/2017. The notice may The Small Business Administration (SBA) has
be viewed at: issued an interim final rule amending its
https://www.gpo.gov/fdsys/pkg/FR-2017-01- regulations to adjust for inflation the amount of
12/pdf/2017-00504.pdf. Federal Register, Vol. certain civil monetary penalties that are within
82, No. 8, 01/12/2017, 3851-3852. the jurisdiction of the agency. The interim final
rule is effective 02/09/2017. Comments are due
• Treasury has issued a notice to 04/10/2017. The interim final rule may be
announce it seeks comment on the information viewed at: https://www.gpo.gov/fdsys/pkg/FR-
collection titled Certification of Material Events 2017-02-09/pdf/2017-02657.pdf. Federal
Form. Treasury also giving notice that it has sent Register, Vol. 82, No. 26, 02/09/2017, 9967-
the collection to OMB for review. Comments 9969.
are due 03/01/2017. The notice may be viewed
at: https://www.gpo.gov/fdsys/pkg/FR-2017-01- SBA Issues Peg Rate.
30/pdf/2017-01968.pdf. Federal Register, Vol.
82, No. 18, 01/30/2017, 8786-8787. SBA publishes an interest rate called the
optional peg rate on a quarterly basis. The rate is
FHFA Requests Comment on Community a weighted average cost of money to the
Support Requirements. government for maturities similar to the average
SBA direct loan. The rate may be used as a base
The Federal Housing Finance Agency (FHFA) rate for guaranteed fluctuating interest rate SBA
has issued a notice to announce it seeks loans. The rate will be 2.00 percent for the
comment on the information collection titled January-March quarter of FY 2017. Pursuant to
Community Support Requirements. FHFA is 13 CFR 120.921(b), the maximum legal interest
also giving notice that it has sent the collection rate for any third party lender’s commercial loan
to OMB for review. Comments are due which funds any portion of the cost of a 504
02/10/2017. The notice may be viewed at: project shall be 6% over the New York Prime
https://www.gpo.gov/fdsys/pkg/FR-2017-01- rate or, if that exceeds the maximum interest rate
11/pdf/2017-00435.pdf. Federal Register, Vol. permitted by the constitution or laws of a given
82, No. 7, 01/11/2017, 3320-3324. state, the maximum interest rate will be the rate
permitted by the constitution or laws of the
FHFA Issues Notice of Adjustment of Cap on given state. Copies of the notice may be
Average Total Assets that Defines Community obtained from the Association office or viewed
Financial Institutions. at: https://www.gpo.gov/fdsys/pkg/FR-2017-01-
18/pdf/2017-00973.pdf. Federal Register, Vol.
82, No. 11, 01/18/2017, 5627.
14
Copyright 2017 www.coloradobankers.org
