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Global Economy

US EconomyPersonal Income and Outlays, May 2009

Personal income increased $167.1 billion, or 1.4 percent, and disposable personal income (DPI) increased $178.1 billion, or 1.6 percent, in May, according to the Bureau of Economic...
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US EconomyU.S. Net International Investment Position at Yearend 2008

The U.S. net international investment position at yearend 2008 was -$3,469.2 billion (preliminary), as the value of foreign investments in the United States continued to exceed the value of U.S....
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US EconomyGross Domestic Product, 1st quarter 2009 (final) and Corporate Profits

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 5.5 percent in the first quarter of...
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Bank Departments

Bank Operations NewsThe Futura Loyalty Group-Correction to Agent's Warrant

TORONTO, ONTARIO--(Marketwire - July 3, 2009) - The Futura Loyalty Group Inc. (TSX VENTURE:FUT) (the "Company") today announced that the number of warrants to be issued to Belweather Capital Partners...
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Bank Operations NewsAmendement of the Purchase Agreement Between RHJ International and Metaldyne Corporation

BRUSSELS, BELGIUM--(Marketwire - July 3, 2009) - Please, find enclosed the press release issued today by RHJ International announcing that it has amended the Purchase Agreement that it entered into...
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Bank Operations NewsFranklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - July 1, 2009) - Franklin Templeton Limited Duration Income Trust (NYSE Amex: FTF), a closed-end investment company managed by Franklin Advisers, Inc., today reported its...
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Regional News

Mid Atlantic Bank NewsWilmington Trust Clarifies Role in Continental Airlines, Inc. Transaction (Business Wire)

WILMINGTON, Del.----Wilmington Trust, a leading provider of institutional trustee, agency, and administrative services through its Corporate Client Services business, said today that it is serving...
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Southwest Bank NewsGreat Southern Bancorp, Inc. Added to Russell 3000(R) Index (PR Newswire)

Officials of Great Southern Bancorp, Inc. , the holding company for Great Southern Bank, today announced that it has been added to the broad-market Russell 3000® Index and small-cap Russell 2000®...
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Southeast Bank NewsBank of the Ozarks, Inc. Announces Second Quarter 2009 Earnings Release Date and Conference Call (Business Wire)

LITTLE ROCK, Ark.----Bank of the Ozarks, Inc. today announced it expects to report second quarter earnings at the end of business Monday, July 13, 2009. Management will conduct a conference call to...
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Agency News

Federal Reserve NewsVIDEO: Same old sheriff on Wall St.

This realnews.com report is from June 24, 2009. Obama's plan won't rein in casino capitalism; finance must be democratized.Read more: Federal Reserve Bank News
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OTS NewsMortgage mess is covered inside out

"Why did you do it?" Alan Greenspan wanted to know. Of all people, Edmund Andrews should have known.Read more: Search for ""Office of Thrift Supervision""
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OTS NewsAgencies Publish Final Rules and Guidelines to Promote Accurate Reports About Consumers

The federal financial regulatory agencies and the Federal Trade Commission yesterday published final rules and guidelines to promote the accuracy and integrity of information furnished to credit...
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Regulation News

HMDA NewsJefferson Bank Renews Contract With Bankera s Academy and Includes Additional Training Programs

New York, NY July 03, 2009 -- Jefferson Bank has renewed its contract with Edcomm Bankera s Academy and added additional training programs, to be hosted and maintained by Edcomm Bankera s Academya s...
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OFAC NewsIraq Designations

OFAC has updated its SDN List. Please visit the URL below to view this actionRead more: OFAC RSS Feed
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HMDA NewsEdcomm Bankera s Academy Updates Compliance Training Program to Include Reg D Amendment

According to the amendment, only required reserve balances at ineligible correspondents' accounts on behalf of their respondents will receive interest.Read more: Search for...
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FDIC Alerts

FDIC AlertsSA-174-2008: Counterfeit Official Checks Bearing the Name Bank of Prescott, Prescott, Arkansas

Bank of Prescott, Prescott, Arkansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in...
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FDIC AlertsSA-173-2008: Counterfeit Cashier's Checks Bearing the Name GreenBank, Greeneville, Tennessee

GreenBank, Greeneville, Tennessee, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in...
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FDIC AlertsSA-172-2008: Counterfeit Cashier's Checks Bearing the Name Century Bank & Trust, Milledgeville, GA

Century Bank & Trust, Milledgeville, Georgia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's...
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OCC Alerts

OCC AlertsAlert 2009-5: Counterfeit Cashier's Checks: First National Bank of Hutchinson

First National Bank of Hutchinson has reported that counterfeit cashier’s checks issued in the bank’s name and using a correct routing number of 101100171 are being presented for payment...
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OCC AlertsAlert 2009-4: Counterfeit Cashier's Checks: Peoples National Bank, N.A.

Peoples National Bank has reported that counterfeit cashier’s checks issued in the bank’s name and using a correct routing number of 081206807 are currently in circulation and being presented for...
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OCC AlertsAlert 2009-3: Counterfeit Cashier's Checks: Clinton National Bank

Clinton National Bank has reported that counterfeit cashier’s checks issued in the bank’s name and using a correct routing number of 096016765 are being presented for payment nationwide in...
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Bankroll ©

Improving New Account OpeningRelaunch?!!

I've considered getting back into blogging more frequently. The last post was end of last year, so it shouldn't be hard to do just a little better. I considered starting a whole new blog, with a new...
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NetBankerMoneyAisle Introduces Multi-Auction CD Laddering

CD laddering is a great way to increase yield without sacrificing liquidity. Sophisticated savers have used the strategy, often at the suggestion of personal or private bankers. It's not rocket...
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Payments NewsThe End of Free Checking?

In an article titled "Is This The Beginning of the End of Free Checking?", Kelly Evans looks at Probity Financial Services - who offers checking accounts that aren’t free. Probity thinks its...
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Banking Events

GLBA EventsGLBA Privacy Requirements: Building a Program That Meets Compliance Mandates & Ensures Customer Privacy

2009-07-31 - Preserving the privacy of customer information is a core mandate of Gramm-Leach-Bliley Act (GLBA) compliance - and increasingly an essential for business success. Banking institutions...
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SOX EventsID Theft Red Flags FAQ's: A Guide to the 'Gotchas' of Compliance

2009-07-07 - For just over six months now, the banking regulatory agencies have examined institutions for compliance with the ID Theft Red Flags Rule, and they have just released a document...
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BASEL II EventsSurvival of the Fittest: Building a Scalable Compliance Program, Regulatory Compliance

2009-06-25 Online The emergence of new regulations will put organizations in the hot seat to meet new requirements. Despite the economic downturn and cutbacks, organizations will need to find a way...
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Banking Research

Regulatory Whitepapers

SOX WhitepapersKeeping Storage Legal

The Health Insurance Portability and Accountability Act (HIPAA) regulations have changed healthcare documentation and storage requirements. The Sarbanes-Oxley (Sarb-Ox) Act of 2002 is all about...
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SOX WhitepapersCreating Substantial Value from Tax Patents

Tax patents are valuable tools for financial professionals. Tax patents encourage the full disclosure of advances in financial product design, compliance tools and budgeting software. As expected...
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GLBA WhitepapersCompliance Rules: Rules and Tools,Policies and Best Practices for Cost-Effective,Comprehensive Compliance in the United States

Organizations of all types and sizes, industries and professions have long been mindful of the need for legal and regulatory compliance. In the current economic environment, however, forward-thinking...
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Regulatory Resources

GLBA ResourcesAs per US Government research Privacy notices work best in table form

Forged notices created by the researchers and one notice typical of those currently used by US banks and found that the table notice was the best at helping people to understand privacy...
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Basel II ResourcesBanks seek money

The capital adequacy of the banks, a topic which generally only interests the five major banks and the regulator, has become a central factor in the recession in 2009. The equation is simple. The...
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Basel II ResourcesBasel 2 under scrutiny as banks battle financial turmoil

While a growing number of analysts and regulators are criticizing the usefulness of the Basel 2 approach in todays crisis, Asian banks that are halfway to achieving Basel 2 compliance could be...
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Bank Failures

Bank Failure: TeamBank, N.A., Paola, KS

On March 20, 2009, TeamBank, N.A., Paola, KS was closed by the Office of the...
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Bank Failure: Colorado National Bank, Colorado Springs, CO

On Friday, March 20, 2009, Colorado National Bank, Colorado Springs, CO was closed by...
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Bank Failure: FirstCity Bank, Stockbridge, GA

On March 20, 2009, FirstCity Bank, Stockbridge, GA was closed by the Georgia...
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Bank Failure: Integrity Bank Staples, MN

On May 30, 2008, First Integrity Bank NA, Staples, MN was closed by the Office of the...
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