Financial Update (Fourth Quarter 2003)



FEATURES

 Check 21 Act

 Economic
 Education Summit

 Fed Customer
 Satisfaction Survey

 Guynn Foresees
 Balanced Growth

 FHLB Mortgage
 Purchases

 New Atlanta Fed
 Chair and Deputy
 Chair

 Debut of new $20

 Online guide for
 bank applications

DEPARTMENTS

 Data Bank

 Circular Letters

STAFF

SUBSCRIBE ONLINE

Fed Web Site Provides Application
Guidance for Banks

U.S. and foreign banking organizations submitting applications to the Federal Reserve may now use an online guide that was recently added to the Board of Governors’ public Web site.

The new Web page describes the regulatory requirements and processing procedures for applications, notifications and requests necessary for a broad range of activities, including mergers of banking organizations.

The site describes specific types of applications as well as the statutory factors the Federal Reserve considers in evaluating applications, including the banking organization’s record of compliance with the Community Reinvestment Act. The site provides links to application forms and lists contacts at each Reserve Bank for questions about submitting applications or public comments on applications.

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