Search Results for keywords:"First Bank

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Search Results: keywords:"First Bank

  • Type:Rule
    Citation:86 FR 8082
    Reading Time:about 43 minutes

    The FDIC has issued a final rule to simplify its regulations by rescinding outdated and redundant policies regarding nondiscrimination. It is removing a regulation known as "Nondiscrimination Requirements" and updating the "Fair Housing" regulation to also cover State savings associations. This change ensures all FDIC-supervised banks follow the same nondiscrimination rules, aligning with federal laws like the Equal Credit Opportunity Act and Fair Housing Act. The rule will take effect on March 5, 2021, with additional compliance deadlines set for February 3, 2022.

    Simple Explanation

    The FDIC is making some old rules about not being unfair disappear and changing the rules around fair housing so they apply to more banks, making sure everyone follows the same rules about treating people fairly when they want loans or a place to live.

  • Type:Notice
    Citation:86 FR 9935
    Reading Time:about 7 minutes

    The Federal Deposit Insurance Corporation (FDIC) is asking the public and other federal agencies to comment on renewing some paperwork processes. This request is part of their duties under a law called the Paperwork Reduction Act of 1995. They are looking at seven specific areas, such as rules for municipal securities dealers and foreign banks, and they want to know if these processes are still effective and have real-world uses. People can send in their comments via the FDIC website, email, or regular mail by April 19, 2021.

    Simple Explanation

    The FDIC is asking people if they should keep using some forms and rules they have for banks. They want to know if these rules are still helpful, and people can tell them what they think by sending a message by April 19, 2021.

  • Type:Rule
    Citation:86 FR 8089
    Reading Time:about 42 minutes

    The Federal Deposit Insurance Corporation (FDIC) has finalized a rule to remove certain regulations that were transferred from the Office of Thrift Supervision (OTS) to the FDIC in 2011 under the Dodd-Frank Act. These regulations mainly dealt with the supervision of State savings associations. The final rule, effective March 5, 2021, aims to simplify regulations by rescinding unnecessary ones and making technical changes so that State savings associations follow similar filing requirements as other FDIC-supervised institutions. The FDIC expects these changes to have minimal impact on the affected institutions.

    Simple Explanation

    The FDIC decided to remove some old rules they got from another agency in 2011 and make things simpler for certain banks, so they all follow similar rules. This change is like tidying up, and it shouldn't make a big difference to the banks involved.

  • Type:Notice
    Citation:89 FR 100595
    Reading Time:about 3 minutes

    The Department of the Treasury has issued a notice requiring U.S. residents to participate in a mandatory survey of their ownership of foreign securities as of December 31, 2024. This survey is part of an effort to collect detailed information on the holdings of foreign securities, including stocks and both long-term and short-term debt, by U.S. residents. Entities required to report will be contacted by the Federal Reserve Bank of New York, and the data is due by March 7, 2025. Survey forms and instructions are available online, and inquiries can be made via email or phone to designated contacts.

    Simple Explanation

    The U.S. government is asking people who live in the U.S. and own money-related things from other countries, like foreign stocks and bonds, to fill out a special form by March 7th, 2025, so they can keep track of who owns what. They promised to send everything they need to fill out the form, but if you didn’t hear from them, you don’t have to worry about it.

  • Type:Rule
    Citation:86 FR 223
    Reading Time:about a minute or two

    The Farm Credit Administration (FCA) has updated their regulations to change the way Farm Credit banks report financial information about related associations in their annual financial statements. The new rule, which took effect on December 4, 2020, lets banks choose between presenting this information in two ways: either as a footnote or attached as a supplement in their reports. This regulation aims to give shareholders better access to district financial information.

    Simple Explanation

    The Farm Credit Administration made a new rule so banks can share their financial information more clearly. Now, when banks write their money reports, they can choose to add extra information about certain groups either in small notes or as extra pages, but they didn't really explain why this is better or how it might affect the banks.

  • Type:Notice
    Citation:90 FR 2699
    Reading Time:about 4 minutes

    The Federal Deposit Insurance Corporation (FDIC) is seeking public comments on the renewal of an information collection called the National Survey of Unbanked and Underbanked Households. This survey aims to understand how many U.S. households do not use traditional banking services and the reasons why. It's part of the FDIC's efforts to help more people access safe and affordable banking options. Interested parties can submit their comments by February 12, 2025, through various channels like email or the FDIC website.

    Simple Explanation

    The FDIC wants to hear people's thoughts about a survey that checks how many people in the U.S. don't use banks and why, so they can help more people use banks safely.

  • Type:Notice
    Citation:86 FR 2491
    Reading Time:about 4 minutes

    The Office of the Comptroller of the Currency (OCC) is seeking public comments on renewing an information collection related to "Investment Securities" under the Paperwork Reduction Act of 1995. This request is part of the OCC’s ongoing effort to reduce paperwork and respondent burden. The OCC plans to gather feedback until March 15, 2021, and is interested in opinions on the utility, accuracy, and burden of the information collected, as well as ideas for improving data collection methods. Comments received will be considered when the OCC submits its request for renewal to the Office of Management and Budget (OMB).

    Simple Explanation

    The Office of the Comptroller of the Currency (OCC) wants people to tell them if the way they collect information about "Investment Securities" is helpful or too complicated. They are asking for ideas on how to make it easier and to see if it takes too long, like nearly 460 hours, to complete this task each year.

  • Type:Notice
    Citation:90 FR 11634
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on the continuation of an information collection process involving Form 8-A. This form is used by companies to register a class of securities with the SEC, as required by the Securities Exchange Act of 1934. The SEC estimates that about 1,052 forms are filed annually, each taking approximately 3 hours to complete, resulting in a total annual burden of 3,156 hours. Public comments on this information collection are invited before May 9, 2025, to ensure it remains efficient and useful.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to hear what people think about a form called "Form 8-A," which companies fill out to tell the SEC about their stocks. They want to make sure filling out this form is not too hard and would like ideas on how to make it easier by May 9, 2025.

  • Type:Notice
    Citation:90 FR 7136
    Reading Time:about a minute or two

    The Export-Import Bank of the United States (EXIM) is requesting comments from the public and other federal agencies on a proposed information collection. This relates to the "Application for Exporter Short Term Single Buyer Insurance" form, used by exporters of U.S. goods and services to meet statutory requirements. Comments must be submitted by February 20, 2025. The form is meant to ensure that EXIM obtains the necessary information for repayment assurance.

    Simple Explanation

    The Export-Import Bank (like a helper for American companies selling things to other countries) wants to make sure they have just the right amount of paperwork. They are asking people to give their thoughts on a form that helps them decide if those companies can get insurance to protect their sales.

  • Type:Notice
    Citation:90 FR 8027
    Reading Time:about 6 minutes

    The Federal Deposit Insurance Corporation (FDIC) is seeking public feedback on the renewal of certain information collections as part of its duties under the Paperwork Reduction Act of 1995. These collections involve various forms and information requirements for businesses and banks, related to their activities, investments, and privacy practices. The FDIC encourages comments on the necessity and utility of these collections, as well as ways to improve and reduce the burden of the information gathering process. Feedback must be submitted by March 24, 2025, through the FDIC's website, email, mail, or hand delivery.

    Simple Explanation

    The Federal Deposit Insurance Corporation (FDIC) wants to hear what people think about keeping some important forms and information from banks. They want to make sure these forms are helpful and not too hard to fill out. People can send their thoughts to the FDIC by March 24, 2025.