The Federal Reserve System paid $97.7 billion out of its annual net income to the U.S. Treasury in 2015, according to figures released today.
At the request of ABA’s Center for Bank Derivatives Policy, the Commodity Futures Trading Commission on Friday released a no-action letter to ensure that bank and savings and loan holding companies can enter into swaps and benefit from the same end-user treatment as the small banks and thrifts they own.
Using Federal Reserve Bank dividends to pay for projects in the recently passed highway bill could set a precedent for Congress to use Fed accounts to bankroll other spending initiatives in the future, according to an Investor’s Business Daily editorial today.
ABA yesterday urged the FDIC to consider an alternate approach in how midsize and large banks will be assessed to recapitalize the Deposit Insurance Fund.
Alliance of State Bankers Associations Chairman Steve Turkiewicz on his vision for the year.
A look at how the Yates Memo holds individuals accountable for corporate wrongdoing.
The Financial Crimes Enforcement Network’s evaluations of the regulatory impact of its proposal to enhance customer due diligence requirements fail to consider the true costs and effects — and overstate the benefits — the rule would impose on banks of all sizes, ABA said in a members-only staff analysis issued today.
The federal banking agencies today released their fourth request for comments under the decennial Economic Growth and Regulatory Paperwork Reduction Act review, making it the final opportunity for bankers to share specifics on unnecessarily burdensome regulations that should be changed via the EGRPRA process.
In response to recent questions from member banks, ABA today issued a staff analysis providing clarity on new exception to the annual privacy notice requirement recently signed into law.
The Commodity Futures Trading Commission today approved a final rule requiring swap dealers and major swap participants to exchange initial margin and variation margin with counterparties to swaps not cleared through a central counterparty.