Search Results for keywords:"First Bank

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Search Results: keywords:"First Bank

  • Type:Notice
    Citation:86 FR 9065
    Reading Time:about 6 minutes

    The Export-Import Bank of the United States (EXIM) has announced a proposal to create a new electronic System of Records called EXIM CRM, which manages relationships with customers and partners. This system will be governed by the Privacy Act of 1974 and is intended to support U.S. exporters. Public comments on this proposal are welcomed until March 15, 2021. The system will include information about customers, partners, EXIM employees, and contractors, and will be used for activities like customer support and applying for EXIM services.

    Simple Explanation

    The Export-Import Bank of the United States wants to make a new computer system to help keep track of and support people and companies they work with. This new system will follow rules to keep everyone's information safe, and people can say what they think about it until March 15, 2021.

  • Type:Rule
    Citation:86 FR 11391
    Reading Time:about 54 minutes

    The Federal Deposit Insurance Corporation (FDIC) has issued a final rule to adjust the way deposit insurance assessments for large banks are calculated. This change is aimed at preventing the temporary double counting of certain credit loss amounts related to the Current Expected Credit Losses (CECL) methodology in these assessments. By doing so, the rule ensures that big banks are charged fairly and accurately for their deposit insurance. The final rule will take effect on April 1, 2021, and is not expected to affect small banks or change regulatory capital.

    Simple Explanation

    The FDIC is making a new rule to help big banks pay exactly the right amount for their deposit insurance, which is like a safety net for people's money in the bank. They are fixing how they count some numbers so the banks don't have to pay extra by mistake.

  • Type:Notice
    Citation:86 FR 2033
    Reading Time:about 8 minutes

    The Office of the Comptroller of the Currency (OCC) is seeking public comments on the renewal of the "Fair Housing Home Loan Data System Regulation" information collection. This request is part of the agency's effort to reduce paperwork and respondent burden, in accordance with the Paperwork Reduction Act. The regulation requires certain national banks to collect and maintain specific data on home loans, especially if they receive over 50 home loan applications annually. The OCC is asking for feedback on whether the information collections are necessary, how to reduce the burden on respondents, and any start-up or ongoing costs associated with providing the information.

    Simple Explanation

    The government wants to know what people think about a rule that helps them keep track of who is asking for home loans. They are trying to see if they can make the rule simpler and less work for banks.

  • Type:Notice
    Citation:90 FR 13359
    Reading Time:about 17 minutes

    The Export-Import Bank of the United States (EXIM Bank) has proposed a new system of records, called EXIM PERSEC IQ, to help manage security information related to personnel. This system will support EXIM in making decisions about the eligibility and suitability of individuals for federal employment and access to federal facilities, covering information like employment and credit history, education, and more. The records will be stored digitally in a secure environment, and the public can provide comments on this new system by reaching out to the bank through various methods, including an online portal, email, and mail. The system is set to become effective on March 21, 2025, with a 30-day comment period following its publication in the Federal Register.

    Simple Explanation

    The Export-Import Bank wants to use a new computer system to keep track of who is okay to work in or visit certain places and use important information, like jobs and schools. People can tell the bank what they think about this new system for a little while after it starts.

  • Type:Proposed Rule
    Citation:90 FR 12115
    Reading Time:about 3 minutes

    The Federal Deposit Insurance Corporation (FDIC) is withdrawing its proposed rules related to brokered deposit restrictions, corporate governance, and the Change in Bank Control Act. These proposals, published in 2023 and 2024, aimed to revise existing regulations but faced issues like being overly complex, conflicting with state laws, and potentially discouraging investments in banks. If the FDIC decides to take regulatory action on these matters in the future, it will announce new proposals.

    Simple Explanation

    The FDIC has decided not to continue with some new banking rules that might have been too confusing or made it hard for people to invest in banks; if they want to try again later, they'll come up with new ideas.

  • Type:Notice
    Citation:90 FR 15365
    Reading Time:about a minute or two

    The Export-Import Bank of the United States (EXIM) is seeking comments on a proposed information collection to help reduce paperwork and respondent burden. This collection, known as the EIB 10-06 Application for Approved Finance Provider, is part of an ongoing effort to streamline the process under the Paperwork Reduction Act of 1995. People can submit their comments electronically, via email, or by mail by June 9, 2025. The collected information will help EXIM assess whether financial institutions are eligible to become Approved Finance Providers, allowing them to participate in EXIM's insurance, guarantee, and loan programs.

    Simple Explanation

    The Export-Import Bank wants people to share their thoughts on a new form that banks need to fill out if they want to help with loans and money guarantees. This is to make things simpler and use less paper.

  • Type:Notice
    Citation:89 FR 105048
    Reading Time:about a minute or two

    The Federal Reserve System published a notice about companies planning to engage in or acquire nonbanking activities under the Home Owners' Loan Act. The information regarding these applications is accessible both at the specified Federal Reserve Bank and the Board of Governors. Interested individuals can express their views in writing, ensuring that comments are submitted by January 27, 2025. The Marathon MHC of Wisconsin plans to merge with Marathon Bancorp, Inc., converting to stock form as part of the transaction.

    Simple Explanation

    The Federal Reserve is telling people that a company called Marathon MHC wants to join with another company, Marathon Bancorp, and change its form, like turning a toy into a different shape. People can write letters to say what they think about this by the end of January next year.

  • Type:Rule
    Citation:89 FR 102298
    Reading Time:about 108 minutes

    The Coast Guard has issued a final rule allowing for electronic submission of mariner credential applications and the payment of fees through an online system, aiming to modernize and streamline the process. The rule eliminates the requirement for prospective mariners to take an oath in person, updates certain procedures related to the issuance of credentials, and makes technical amendments like adopting gender-neutral language. The changes, effective January 19, 2025, are designed to improve efficiency and clarity, making it easier for mariners to manage their credentials.

    Simple Explanation

    The Coast Guard is making it easier for mariners to get and pay for their job licenses online, like how people buy things with computers, and they're updating some old rules to make things clearer and fairer for everyone.

  • Type:Notice
    Citation:89 FR 101666
    Reading Time:about 39 minutes

    The Securities and Exchange Commission (SEC) approved changes proposed by ICE Clear Credit LLC (ICC) to its Treasury Operations Policies and Procedures. These changes aim to improve the clarity and accuracy of the Treasury Policy by adding details, correcting errors, and aligning it with current practices. Key revisions include new criteria for settlement banks to provide liquidity information and updates to investment guidelines for better flexibility and security. These amendments are designed to enhance the efficiency and safeguarding of financial transactions handled by ICC.

    Simple Explanation

    ICE Clear Credit LLC made some updates to their rules on how they handle money and investments, and the people in charge of checking these rules said, "Okay, go ahead!"

  • Type:Notice
    Citation:86 FR 9934
    Reading Time:about 5 minutes

    The Federal Deposit Insurance Corporation (FDIC) is inviting public comments on their request to approve a new version of the "Survey of Household Use of Banking and Financial Services." This survey, conducted with the U.S. Census Bureau, collects data on how U.S. households use banking and financial services, including those from nonbank sources. It aims to inform policymakers and help bring unbanked households into the traditional financial system. Comments must be submitted by March 19, 2021, to assist in minimizing the burden of data collection and improving the survey's quality and utility.

    Simple Explanation

    The FDIC wants to know how families use or don't use banks, so they're asking people about their banking habits. They're trying to make it easier for everyone to use banks and need ideas from the public to make the survey better.