Press Releases

198919881987198619851984198319821981 |  1980 |  1979Return to Current Year  

1. January 21, 1980--announcement of the appointment to head the Council's program to serve the examiner education needs of the Council's agencies (John Paul Newton)

2. February 14, 1980--announcement that Council has recommended to FDIC, FRB, and OCC a uniform examination policy for the classification of delinquent consumer installment loans held by commercial banks.

3. May 22, 1980--recommendation of adoption by FDIC, FRB, and OCC of a Uniform Guideline on Internal Control for Foreign Exchange in Commercial Banks

4. May 22, 1980--recommendation of adoption by FDIC, FRB, and OCC of standard terms to describe the competitive effects of mergers in competitive factor reports prepared in response to interagency requests made under the Bank Merger Act

5. June 5, 1980--announcement of election of chairwoman of the State Liaison Committee (Muriel F. Siebert)

6. June 9, 1980--approval for recommendation to the Council's agencies the legislative amendments to the FIRIRCA

7. June 26, 1980--announcement of recommendations for implementing new provisions of the Truth in Lending Act that authorize restitution to consumers in certain circumstances where the cost of borrowing was inaccurately disclosed

8. July 9, 1980--announcement of the approval of the standardization, among the three banking agencies, and common printing of the instructions pamphlets issued to commercial banks for use in preparing the quarterly Reports of Condition and Income required of all federally-insured commercial banks

9. July 23, 1980--recommendation that the Council's agencies adopt a supervisory policy for the assessment of civil money penalties for violation of certain laws

10. August 14, 1980--announcement of approval of a model Uniform Commercial Bank Performance Report for use by FDIC, FRB, and OCC

11. September 15, 1980--approval of a policy statement on advertising by financial institutions of Negotiable Order of Withdrawal (NOW) accounts

12. September 17, 1980--issuance of an information statement for persons and organizations interested in the Community Reinvestment Act of 1977

13. November 14, 1980--recommendation of the adoption by the Council's agencies of procedures for bringing to the attention of the Department of Labor violations by financial institutions of the Employee Retirement Income Security Act (ERISA)

14. November 18, 1980--proposal of the adoption, by the Council's agencies, of a Uniform Interagency Consumer Compliance Rating System

15. December 22, 1980--announcement of the recommendation to the Council's agencies a reduction in the reporting requirements imposed by the agencies' rules implementing the Bank Protection Act of 1968

16. December 29, 1980--request of public comment on the feasibility and usefulness of public disclosure of small business loan activity and on methods of such disclosure

17. December 31, 1980--recommendation to the Council's agencies to adopt a policy statement that would generally prohibit individuals associated with financial institutions from personally profiting from the sale of credit life insurance