Search Results for keywords:"Federal Financial Institutions Examination Council"

The Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation are seeking public comments on their proposal to extend the Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule, known as FFIEC 102, for another three years without changes. This report is crucial for certain financial institutions to assess their market risk and ensure they meet capital requirements. The agencies invite feedback on how to improve the report's effectiveness and whether the associated data collection is necessary. Comments should be submitted by July 1, 2025, and will be shared among the agencies.

The Appraisal Subcommittee of the Federal Financial Institutions Examination Council announced a special closed meeting that took place virtually on February 5, 2025. During the meeting, they discussed State Compliance Reviews and a personnel matter, but no actions were taken. This meeting was held pursuant to section 1104(b) of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

The Appraisal Subcommittee (ASC) is inviting public comments on a new format for its Progress Report that will be used for interim and final reports by recipients of ASC grants. This proposed information collection has been submitted to the Office of Management and Budget (OMB) for approval, complying with the Paperwork Reduction Act of 1995. Interested individuals and organizations are encouraged to provide their feedback by March 19, 2021. The progress report is designed to standardize reporting and reduce the administrative burden on ASC grantees.

The Appraisal Subcommittee of the Federal Financial Institutions Examination Council held a special closed meeting on November 13, 2024. This virtual meeting focused on a personnel matter, and it was held in accordance with section 1104(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. No decisions or actions were taken during the meeting.

The Appraisal Subcommittee of the Federal Financial Institutions Examination Council held a special closed meeting on January 15, 2025. This meeting was conducted virtually through Teams at 10:28 a.m. Eastern Time. The meeting was focused on discussing a personnel matter as per section 1104(b) of title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. No decisions or actions were taken during this meeting.

The Office of the Comptroller of the Currency, the Federal Reserve System, and the Federal Deposit Insurance Corporation are seeking public comments on proposed updates to the Consolidated Reports of Condition and Income, also known as Call Reports. These updates, intended to remain effective through 2021, address changes in asset measurement dates due to temporary asset growth linked to relief programs from the COVID-19 pandemic. The modifications aim to help financial institutions manage reporting burdens by allowing them to use asset figures from either December 2019 or June 2020 for determining their reporting requirements for the upcoming year. The agencies are inviting feedback about the utility, accuracy, and potential burden of these changes as they move forward with the proposal.

The Appraisal Subcommittee of the Federal Financial Institutions Examination Council has announced a meeting to be held on March 12, 2025, at 10:30 a.m. ET. This meeting will be conducted virtually via Webex, and those interested in attending must register in advance through the agency's website. The meeting will cover reports and discussions, including approval of previous meeting minutes and compliance reviews for appraisal programs in New Hampshire and Puerto Rico. The public can attend the live webcast, but space may be limited.

The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council has proposed a rule to guide its enforcement powers over the effectiveness of Appraiser and Appraisal Management Company (AMC) Programs managed by State Appraiser Regulatory Agencies. This proposed rule aims to formalize the current compliance review process with some modifications, requiring evaluation of program effectiveness and setting requirements for maintaining effective programs. It also authorizes the ASC to take enforcement actions, such as issuing warnings or suspending programs that do not meet effectiveness standards. Public comments on this proposal are invited by February 4, 2025.

The Appraisal Subcommittee of the Federal Financial Institutions Examination Council held a special closed meeting on November 13, 2024. The meeting took place virtually via Teams at 11:54 a.m. ET. The sole discussion item was a personnel matter, and no decisions were made during this meeting. The notification of the meeting is in line with the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

The Appraisal Subcommittee of the Federal Financial Institutions Examination Council held a special virtual meeting on October 28, 2024, via Teams. The purpose of the meeting was to discuss and vote on a personnel matter. This notice of the meeting was published in accordance with the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.