A Year in Bank Supervision: 2008 and a Few of Its Lessons
2008 was a year of crisis for the U.S. financial services industry.
In 2008 and shortly thereafter, more than $13 trillion in
temporary loans, liability and asset guarantees, and other
government programs supporting financial institutions were
put in place or announced, and policymakers focused attention
on potential improvements to financial regulation. This
article presents a chronology of the more significant events
and developments affecting financial institutions during 2008
and concludes with a discussion of areas of supervisory
focus going forward.
Remote Deposit Capture: A Primer
Remote Deposit Capture (RDC) technology is helping to improve the
efficiency of how banks process check deposits. RDC allows financial
institution customers to "deposit" checks electronically at remote
locations, usually in the customers’ offices, for virtually instant credit
to their accounts. This article discusses the development and recent
growth in the use of RDC, identifies risks to financial institutions that
offer this service, and highlights appropriate risk management
From the Examiner’s Desk: Changes to Regulation Z Afford
Increased Consumer Protections
Recent amendments to Regulation Z
extend specific protections to consumers
of a newly created category of
mortgage loans called "higher-priced"
home mortgages and enhance protections
for consumers of "high-cost"
and other mortgages. This article
examines each of the four significant
amendments to Regulation Z and offers
suggestions for compliance professionals
responsible for ensuring compliance
with these critical regulatory changes.
Supervisory Insights is published by the Division of Supervision and Consumer Protection of the Federal Deposit Insurance Corporation to promote sound principles and best practices for bank supervision.
Sheila C. Bair
Sandra L. Thompson
Director, Division of Supervision and Consumer Protection
Journal Executive Board
George E. French, Deputy Director and Executive Editor
Christopher J. Spoth, Senior Deputy Director
Daniel E. Frye, Acting Deputy Director
Robert W. Mooney, Deputy Director
Thomas E. Peddicord, Acting Deputy Director
Mark S. Schmidt, Acting Deputy Director
Thomas J. Dujenski, Regional Director
Doreen R. Eberley, Acting Regional Director
Stan R. Ivie, Regional Director
John M. Lane, Acting Regional Director
M. Anthony Lowe, Regional Director
Gale A. Simons-Poole, Acting Regional Director
Kim E. Lowry Managing Editor
Daniel P. Bergman Financial Writer
John A. George Financial Writer
Supervisory Insights is available online by visiting the FDIC's Web site at www.fdic.gov. To provide comments or suggestions for future articles, to request permission to reprint individual articles, or to request print copies, send an e-mail to SupervisoryJournal@fdic.gov.
The views expressed in Supervisory Insights are those of the authors and do not necessarily reflect official positions of the Federal Deposit Insurance Corporation. In particular, articles should not be construed as definitive regulatory or supervisory guidance. Some of the information used in the preparation of this publication was obtained from publicly available sources that are considered reliable. However, the use of this information does not constitute an endorsement of its accuracy by the Federal Deposit Insurance Corporation.