Recent Regulatory Amendments

Amendment reflecting the Board's approval of a decrease in the primary credit rate (to 2.25 percent) at each Reserve Bank and the automatic decrease in the secondary credit rate (to 2.75 percent) (effective May 7, 2008)

Amendment reflecting the Board's approval of a decrease in the primary credit rate (to 2.50 percent) at each Reserve Bank and the automatic decrease in the secondary credit rate (to 3.00 percent) (effective March 26, 2008)

Amendment reflecting the Board's approval of a decrease in the primary credit rate (to 3.50 percent) at each Reserve Bank and the automatic decrease in the secondary credit rate (to 4.00 percent) (effective February 7, 2008)

Amendment reflecting the Board's approval of an decrease in the primary credit rate (to 4.00 percent) at each Reserve Bank and the automatic decrease in the secondary credit rate (to 4.5 percent) (effective January 31, 2007)

Amendment reflecting the Board's approval of an decrease in the primary credit rate (to 4.75 percent) at each Reserve Bank and the automatic decrease in the secondary credit rate (to 5.25 percent) (effective December 19, 2007)

Amendment to allow the Board to authorize a temporary term auction facility, a credit facility that allows a depository institution to obtain an advance from its local Federal Reserve Bank at an interest rate determined as the result of an auction (effective December 12, 2007)

Amendment reflecting the Board's approval of an decrease in the primary credit rate (to 5 percent) at each Reserve Bank and the automatic decrease in the secondary credit rate (to 5.5 percent) (effective November 8, 2007)

Amendment reflecting the Board's approval of an decrease in the primary credit rate (to 5.25 percent) at each Reserve Bank and the automatic decrease in the secondary credit rate (to 5.75 percent) (effective September 27, 2007)

Amendment reflecting the Board's approval of an decrease in the primary credit rate (to 5.75 percent) at each Reserve Bank and the automatic decrease in the secondary credit rate (to 6.25 percent) (effective August 24, 2007)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 6.25 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 6.75 percent) (effective July 13, 2006)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 6 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 6.5 percent) (effective May 17, 2006)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 5.75 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 6.25 percent) (effective April 5, 2006)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 5.5 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 6 percent) (effective February 8, 2006)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 5.25 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 5.75 percent) (effective December 20, 2005)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 5 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 5.5 percent) (effective November 14, 2005)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 4.75 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 5.25 percent) (effective September 28, 2005)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 4.5 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 5 percent) (effective August 17, 2005)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 4.25 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 4.75 percent) (effective July 8, 2005)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 4 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 4.5 percent) (effective May 9, 2005)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 3.75 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 4.25 percent) (effective March 30, 2005)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 3.5 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 4 percent) (effective February 9, 2005)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 3.25 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 3.75 percent) (effective December 20, 2004)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 3 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 3.5 percent) (effective November 19, 2004)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 2.75 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 3.25 percent) (effective September 28, 2004)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 2.5 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 3 percent) (effective August 17, 2004)

Amendment reflecting the Board's approval of an increase in the primary credit rate (to 2.25 percent) at each Reserve Bank and the automatic increase in the secondary credit rate (to 2.75 percent) (effective July 9, 2004)

Amendment reflecting the Board's approval of a decrease in the primary credit rate (to 2 percent) at each Reserve Bank and the automatic decrease in the secondary credit rate (to 2.5 percent) (effective July 10, 2003)

Amendment revising the Federal Reserve's discount window programs and reorganizing and steamlining the regulation (effective January 9, 2003)

Amendments updating the address where questions should be directed concerning creditors for which the Federal Reserve System administers compliance with the Regulation. (effective June 13, 2008)

Amendments to clarify the requirements concerning electronic delivery of disclosures (effective December 10, 2007, and January 14, 2008)

Amendment to update the contact information for inquiries about creditors for which the Federal Reserve is the enforcement agency (effective October 29, 2007)

Technical amendments updating the addresses of certain federal enforcement agencies (effective May 17, 2006)

Comprehensive amendments pursuant to the Board’s policy of periodically reviewing and updating its regulations (effective April 15, 2003; compliance mandatory April 15, 2004)

Amendment establishing annual asset-size exemption threshold for depository institutions (effective January 1, 2008)

Amendment establishing annual asset-size exemption threshold for depository institutions (effective January 1, 2007)

Amendment establishing annual asset-size exemption threshold for depository institutions (effective January 1, 2006)

Amendment establishing annual asset-size exemption threshold for depository institutions (effective January 1, 2005)

Revised formats for public disclosure of mortgage lending data (effective 2005)

Amendments to establish asset-size exemption threshold for depository institutions and to conform the regulation and commentary to changes in standards for defining metropolitan statistical area boundaries (effective January 1, 2004)

Amendments establishing thresholds for determining loans for which loan-pricing data must be reported; requiring lenders to report the lien status of a loan or application; and requiring lenders to ask applicants their ethnicity, race, and sex when taking telephone applications (effective January 1, 2004)

Amendments to commentary, providing transition rules for applications received before January 1, 2004, on which final action is taken on or after January 1, 2004 (effective June 27, 2003)

Amendments to improve the quality and consistency of data collected on home mortgage loans (effective January 1, 2003 ) and request for comment on proposed amendments concerning the appropriate threshold for collecting price data on higher-cost loans; requiring lenders to ask telephone applicants their race, ethnicity, and sex; and requiring lenders to report lien status for applications and originated loans (due April 12, 2002).

Amendment making annual adjustments to the amount of net transaction accounts used in calculating reserve requirements (effective October 31, 2007)

Amendment revising the interpretation that sets out criteria for the bankers' bank exemption from reserve requirements (effective May 7, 2007)

Amendment making annual adjustments to the amount of net transaction accounts used in calculating reserve requirements (effective November 24, 2006)

Amendments (1) making annual adjustments to the amount of net transaction accounts used in calculating reserve requirements and (2) increasing the nonexempt deposit cutoff level and the reduced reporting limit, which are used to determine the frequency with which depository institutions must submit deposit reports (effective November 7, 2005)

Amendment making annual adjustments to the amount of net transaction accounts used in calculating reserve requirements (effective November 12, 2004)

Amendment making annual adjustments to the amount of net transaction accounts used in calculating reserve requirements (effective November 6, 2003)

Amendment conforming the calculation of penalties for reserve deficiencies to the new discount-rate framework (effective January 9, 2003)

Amendments to clarify the requirements concerning electronic delivery of disclosures (effective December 10, 2007)

To except transactions of $15 or less from the requirement that receipts be made available to consumers for transactions initiated at an electronic terminal (effective August 6, 2007)

Amendments regarding electronic collection of returned-item fees and electronic check conversion transactions (effective January 1, 2007)

Amendment to make Regulation E applicable to payroll card accounts (effective July 1, 2007)

Amendments (1) clarifying the responsibilities of parties involved in electronic check conversion transactions; (2) providing guidance on preauthorized transfers from consumers' accounts, error resolution, and disclosures at automated teller machines; and (3) making the regulation applicable to payroll card accounts.

Amendment implementing new risk-based capital requirements (the advanced capital adequacy framework known as Basel II) in the United States for large, internationally active banking organizations (effective April 1, 2008)

Amendment expanding the range of small institutions eligible for an extended 18-month on-site examination cycle (effective September 25, 2007)

Amendment adding interpretive guidance on response programs to deal with security breaches involving customer information (effective March 29, 2005)

Amendment of the risk-based capital adequacy guidelines to remove unnecessary regulatory text and summary tables and attachments that summarize the definition of capital, the risk categories, credit-conversion factors, credit-equivalent-amount calculations, and transitional arrangements (effective April 11, 2005)

Amendment to require financial institutions to adopt measures for properly disposing of consumer information derived from credit reports (effective July 1, 2005)

Amendment of the risk-based capital guidelines to modify the treatment of assets in asset-backed commercial paper programs (effective September 30, 2004)

Amendment requiring certain financial institutions to establish procedures to verify the identity of new accountholders (effective June 9, 2003)

Amendment to enforce enhanced reporting, disclosure, and corporate-governance obligations of state member banks that have a class of securities registered under the Securities Exchange Act of 1934 (effective April 1, 2003)

Amendments governing remotely created checks (effective July 1, 2006)

Amendments covering the entire range of check-processing services that Reserve Banks will offer after the Check Clearing for the 21st Century Act takes effect (effective October 28, 2004)

Amendment expanding the range of small institutions eligible for an extended 18-month on-site examination cycle (effective September 25, 2007)

Amendment requiring Edge and agreement corporations and U.S. branches, agencies, and other offices of foreign banks supervised by the Board to establish and maintain procedures reasonably designed to ensure and monitor compliance with the Bank Secrecy Act and related regulations (effective April 19, 2006)

Amendment to require financial institutions to adopt measures for properly disposing of consumer information derived from credit reports (effective July 1, 2005)

Amendment requiring certain financial institutions to establish procedures to verify the identity of new accountholders (effective June 9, 2003)

Interpretation on foreign banks underwriting securities to be distributed in the United States (effective February 19, 2003)

Amendment simplifying the requirements concerning accounting for fees on international loans to make the regulation consistent with generally accepted accounting principles (effective February 10, 2003)

Amendment to implement the statutory provision raising the asset-size threshold for the small-institution exception from $20 million to $50 million and to correct inaccurate cross-references (effective July 16, 2007)

Amendments to clarify the requirements concerning electronic delivery of disclosures (effective December 10, 2007)

To implement section 601 of the Financial Services Regulatory Relief Act of 2006, which eliminated several statutory reporting and disclosure requirements relating to insider lending by insured depository institutions

New technical amendments to Regulation R, adopted jointly by the Board and SEC in September 2007, that correct cross-references and other typographical errors in the regulation. (effective April 17, 2008)

Final rules concerning red flags that signal possible identity theft and discrepancies in addresses (effective January 1, 2008; mandatory compliance date November 1, 2008)

Final rules requiring a financial institution to provide consumers with an opportunity to opt out before the institution uses information provided by an affiliated company to market its products and services to the consumer (effective January 1, 2008; mandatory compliance date October 1, 2008)

Final rules creating limited exceptions to permit affiliates to share medical information with each other without becoming consumer reporting agencies (effective April 1, 2006)

Amendment to require financial institutions to adopt measures for properly disposing of consumer information derived from credit reports (effective July 1, 2005)

Addition of model notices that financial institutions may use to comply with the notice requirement relating to furnishing negative information (effective July 16, 2004)

Establishment of effective dates for all provisions of the Fair and Accurate Credit Transactions Act of 2003 that do not have a statutorily prescribed effective date (effective March 12, 2004)

Interim rules to establish effective dates for certain provisions of the Fair and Accurate Credit Transactions Act of 2003 that do not have a statutorily prescribed effective date, including provisions that preempt state laws that regulate areas governed by the Fair Credit Reporting Act (effective December 31, 2003)

Amendment implementing new risk-based capital requirements (the advanced capital adequacy framework known as Basel II) in the United States for large, internationally active banking organizations (effective April 1, 2008)

Amendment expanding the definition of small bank holding company under the Board's Small Bank Holding Company Policy Statement and the risk-based and leverage capital guidelines for bank holding companies (effective March 30, 2006)

Amendment adding interpretive guidance on response programs to deal with security breaches involving customer information (effective March 29, 2005)

Amendment of the risk-based capital guidelines to allow for the continued limited inclusion of trust preferred securities in the tier 1 capital of bank holding companies (effective April 11, 2005)

Amendment to require financial institutions to adopt measures for properly disposing of consumer information derived from credit reports (effective July 1, 2005)

Amendment of the risk-based capital guidelines to modify the treatment of assets in asset-backed commercial paper programs (effective September 30, 2004)

Amendment expanding the ability of all bank holding companies, including financial holding companies, to process, store, and transmit nonfinancial data in connection with their financial data processing, storage, and transmission activities (effective January 8, 2004)

Amendment to allow bank holding companies engaged in permissible derivatives activities to transfer title to commodities underlying derivatives contracts instantaneously, on a pass-through basis (effective August 4, 2003)

Amendments to clarify the requirements concerning electronic delivery of disclosures (effective December 10, 2007, and January 14, 2008)

Annual adjustment of the dollar amount that triggers additional disclosure requirements in connection with high-cost home mortgage loans (effective January 1, 2008)

Annual adjustment of the dollar amount that triggers additional disclosure requirements in connection with high-cost home mortgage loans (effective January 1, 2007)

Annual adjustment of the dollar amount that triggers additional disclosure requirements in connection with high-cost home mortgage loans (effective January 1, 2006)

Annual adjustment of the dollar amount that triggers additional disclosure requirements in connection with high-cost home mortgage loans (effective January 1, 2005)

Amendments clarifying how the word amount is used to describe disclosure requirements and providing guidance on consumers' exercise of rescission rights for certain home-secured loans (effective April 1, 2004; compliance mandatory October 1, 2004)

Annual adjustment of the dollar amount that triggers additional disclosure requirements in connection with high-cost home mortgage loans (effective January 1, 2004)

Amendments to commentary, concerning credit card-related fees, replacement of an accepted credit card with one or more cards, disclosure of private mortgage insurance premiums, and selection of Treasury security yields for determining whether a mortgage loan is covered by the Home Ownership and Equity Protection Act (effective April 1, 2003; compliance mandatory October 1, 2003)

Amendment updating the address where consumer complaints regarding state member banks may be sent (effective October 29, 2007)

Technical amendments updating the addresses of Federal Reserve Banks to which consumer complaints about state member banks may be sent (effective March 7, 2006)

Annual adjustment of the asset-size thresholds used to define small bank and intermediate small bank (effective January 1, 2008)

Annual adjustment of the asset-size thresholds used to define small bank and intermediate small bank (effective January 1, 2007)

Amendments to reduce regulatory burden on community banks while making CRA evaluations more effective in encouraging banks to meet community development needs (effective September 1, 2005)

Adoption in final form of the interim amendments conforming the regulation to changes in census tracts and in the Standards for Defining Metropolitan and Micropolitan Statistical Areas published by the U.S. Office of Management and Budget in December 2000 (effective March 28, 2005)

Amendment reflecting restructuring of the Federal Reserve’s check-processing operations in the First and Third Districts (effective September 20, 2008)

Amendments reflecting restructuring of the Federal Reserve’s check-processing operations in the Sixth and Eighth Districts (effective July 19, 2008)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Tenth and Eleventh Districts (effective April 19, 2008)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Second, Third, and Fourth Districts (effective February 23 and March 29, 2008)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Ninth and Tenth Districts (effective October 20, 2007)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Twelfth District (effective August 18, 2007)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Sixth District (effective July 21, 2007)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Second and Third Districts (effective August 19, 2006)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Sixth District (effective March 31, 2006)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the First District (effective February 25, 2006)

Amendments governing remotely created checks (effective July 1, 2006)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Fourth, Tenth, and Eleventh Districts (effective January 21 and February 11, 2006)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Twelfth District (effective October 22, 2005)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Tenth and Twelfth Districts (effective June 18, 2005)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Fourth, Seventh, and Eleventh Districts (effective April 16 and 23, 2005)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Sixth District (effective March 26, 2005)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Fourth and Seventh Districts (effective October 30, 2004)

Amendment to implement the Check Clearing for the 21st Century Act (effective October 28, 2004)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Fourth, Fifth, and Eighth Districts (effective August 28, 2004)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Seventh and Eighth Districts (effective July 24, 2004)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Eleventh District (effective July 10, 2004)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Fourth and Fifth Districts (effective June 26, 2004)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Eleventh District (effective May 15, 2004)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Fifth, Seventh, and Tenth Districts (effective April 17 and 24, 2004)

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Sixth District (effective March 13, 2004 )

Amendment reflecting restructuring of the Federal Reserve's check-processing operations in the Fourth District (effective November 1, 2003)

Amendment updating the routing numbers for Federal Reserve Banks and Federal Home Loan Banks (effective July 22, 2003)

Amendments to clarify the requirements concerning electronic delivery of disclosures (effective December 10, 2007)

Amendment to improve the uniformity and adequacy of information provided to consumers when they overdraw their deposit accounts (effective July 1, 2006)