Page 4 - July 2018

may be viewed at: FRB Proposes New Message Format for
https://www.gpo.gov/fdsys/pkg/FR-2018-06- the Fedwire Funds Service.
20/pdf/2018-13270.pdf. Federal Register, Vol. 83,
No. 119, 06/20/2018, 28526-28527. FRB has proposed to adopt the ISO® 20022 message
format for the Fedwire Funds Service. ISO 20022 is
FRB Finalizes Amendments to Regulation an international standard that would replace the
D. Fedwire Funds Service’s current, proprietary
message format. The migration to ISO 20022 would
FRB is amending Regulation D (Reserve take place in three phases beginning in 2020 and
Requirements of Depository Institutions) to revise the ending in 2023. Comments are due 09/04/2018. The
rate of interest paid on balances maintained to satisfy notice may be viewed at:
reserve balance requirements (IORR) and the rate of https://www.gpo.gov/fdsys/pkg/FR-2018-07-
interest paid on excess balances (IOER) maintained 05/pdf/2018-14351.pdf. Federal Register, Vol. 83,
at Federal Reserve Banks by or on behalf of eligible No. 129, 07/05/2018, 31391-31396.
institutions. The final amendments specify that IORR
is 1.95 percent and IOER is 1.95 percent, a 0.20 FRB Requests Comment on Information
percentage point increase from their prior levels. The Collection.
amendments are intended to enhance the role of such
rates of interest in moving the Federal funds rate into FRB announced it seeks comment on the information
the target range established by the Federal Open collection titled Interagency Guidance on Managing
Market Committee. The amendments are effective Compliance and Reputation Risks for Reverse
07/20/2018. The notice may be viewed at: Mortgage Products. FRB also gave notice that it sent
https://www.gpo.gov/fdsys/pkg/FR-2018-06- the collection to OMB for review. Comments are due
20/pdf/2018-13267.pdf. Federal Register, Vol. 83, 09/04/2018. The notice may be viewed at:
No. 119, 06/20/2018, 28527-28528. https://www.gpo.gov/fdsys/pkg/FR-2018-07-
03/pdf/2018-14303.pdf. Federal Register, Vol. 83,
FRB Issues Semiannual Regulatory No. 128, 07/03/2018, 31146-31148.
Agenda.
FDIC Requests Comment on Information
The Board of Governors of the Federal Reserve Collection.
System (FRB) issued its semiannual regulatory
agenda as a part of the Spring 2018 Unified Agenda The Federal Deposit Insurance Corporation (FDIC)
of Federal Regulatory and Deregulatory Actions. announced it seeks comment on the information
FRB reasonably anticipates having the regulatory collection titled Assessment Rate Adjustment
matters identified in the agenda under consideration Guidelines for Large and Highly Complex
during the period from 05/01/2018, to 04/30/2019. Institutions. FDIC also gave notice that it sent the
The next agenda will be published in fall 2018 and collection to OMB for review. Comments are due
will update this agenda through fall 2019. The notice 08/08/2018. The notice may be viewed at:
may be viewed at: https://www.gpo.gov/fdsys/pkg/FR-2018-07-
https://www.gpo.gov/fdsys/pkg/FR-2018-06- 09/pdf/2018-14540.pdf. Federal Register, Vol. 83,
11/pdf/2018-11243.pdf. Federal Register, Vol. 83, No. 131, 07/09/2018, 31757-31758.
No. 112, 06/11/2018, 27272-27273.
FDIC Issues Terminations of
FRB Announces Financial Sector Receiverships.
Liabilities.
• FDIC as Receiver for former depository
FRB announced the financial sector liabilities for
2018. Aggregate financial sector liabilities is equal to institutions, intends to terminate its receivership
$20,283,121,945,000. This measure is in effect from for the institutions listed in the notice. The
07/01/2018 through 06/30/2018. The notice may be liquidation of the assets for each receivership has
viewed at: https://www.gpo.gov/fdsys/pkg/FR-2018- been completed. To the extent permitted by
07-03/pdf/2018-14241.pdf. Federal Register, Vol. available funds and in accordance with law, the
83, No. 128, 07/03/2018, 31148-31149. Receiver will be making a final dividend
payment to proven creditors. Based upon the

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