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Inside Washington (09/11/2012)
  • WASHINGTON (9/12/12)--The Federal Deposit Insurance Corp. (FDIC) plans to release its community bank study by the end of the year, and the agency will continue its focus on community banks beyond this year, Acting FDIC Chairman Martin Gruenberg said Monday (American Banker Sept. 11). The FDIC said it would explore the evolution and challenges faced by community banks through three initiatives: regional roundtables with bankers and agency officials; research on the history and development of the community bank sector; and a review of its examination and rulemaking policies to find ways to improve the regulatory process for community banks. The outcome of those initiatives will form the basis of the FDIC's year-end findings. The FDIC hopes to make the operation of community banks simpler and more efficient for both bankers and examiners, Gruenberg said …
  • WASHINGTON (9/12/12)--The Federal Reserve announced the results of Monday's auction of $3 billion in 28-day term deposits through its Term Deposit Facility. Forty-six bids from 27 participants were submitted. The competitive amount tendered was $11,775 billion with more than $3 billion awarded. The non-competitive amount awarded totaled $40.1 million. The awarded deposits will settle on Sept. 13 and mature on Oct. 11 ...
  • WASHINGTON (9/12/12)--The Federal Housing Finance Agency (FHFA) has launched a new representation and warranty framework for conventional loans that are sold or delivered after Jan. 1, 2013. The framework will apply to loans that are delivered to Fannie Mae and Freddie Mac, and will "clarify lenders' repurchase exposure and liability on future deliveries," the FHFA said in a release


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