Why GAO Did This Study
Hurricanes Katrina and Rita destroyed homes and displaced millions of individuals. While the Federal Emergency Management Agency (FEMA) continues to respond to this disaster, GAO's previous work identified significant control weaknesses-specifically in FEMA's Individuals and Households Program...
The Federal Reserve Board on Tuesday released a draft interagency notice of proposed rulemaking that would revise the existing risk-based capital framework by giving the vast majority of banks, bank holding companies, and savings associations the option of either continuing to use the existing Basel I-based capital...
The Honorable William M. Thomas Chairman, Committee on Ways and Means House of Representatives
Dear Mr. Chairman:
During recent congressional hearings and in public speeches, statements made by the National Credit Union Administration's (NCUA) Chairman and another board member raised congressional interest in...
The FDIC Board of Directors has approved the attached final rule to amend Part 327 of the FDIC Rules and Regulations. The amendments are being made simultaneously with amendments implementing the Federal Deposit Insurance Reform Act of 2005, and are intended to make the deposit insurance assessment system react more...
National Credit Union Administration (NCUA) Executive Director J. Leonard Skiles has selected John E. Kutchey as Director of Risk Management. As Director of Risk Management, Kutchey is responsible for overseeing NCUA's credit union problem resolution program.
Kutchey graduated Magna Cum Laude from the University...
The Office of the Comptroller of the Currency (OCC) and the Conference of State Bank Supervisors (CSBS) announced agreement today on procedures for the exchange of consumer complaint information between state banking departments and the OCC.
The agreement recognizes that consumers do not always know which...
Why GAO Did This Study
The September 11 attacks showed that agencies must balance the need to protect and share sensitive information to prevent future attacks. Agencies classify this information or designate it sensitive but unclassified to protect and limit access to it. The National Archives' Information Security...
Why GAO Did This Study
Agencies rely extensively on computerized information systems and electronic data to carry out their missions. To ensure the security of the information and information systems that support critical operations and infrastructure, federal law and policy require agencies to periodically test and...
The Federal Reserve Board announced the appointment of the chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2007.
Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington appoints three of these directors and each year designates one of its appointees as...
Introduction
This Information Security Handbook provides a broad overview of information security program elements to assist managers in understanding how to establish and implement an information security program. Typically, the organization looks to the program for overall responsibility to ensure the selection...
The Federal Deposit Insurance Corporation (FDIC) today adopted final regulations that implement the Federal Deposit Insurance Reform Act of 2005 passed by Congress earlier this year to create a stronger and more stable insurance system. Among the final regulations is a new rule on the risk-based assessment system that...
Welcome to the seventh issue of The SAR Activity Review – By the Numbers, a compilation of numerical data gathered from Suspicious Activity Reports filed by depository institutions since April 1996, by certain money services businesses since January 2002, by casinos and card clubs since August 1996, and by...
Unauthorized access to sensitive customer information threatens to undermine customer confidence and the reputations of both individual financial institutions and the financial services industry. This threat is aggravated by the patchwork of state laws and federal regulations that govern unauthorized access or breach...
Research and development (R&D) of cyber security technology is essential to creating a broader range of choices and more robust tools for building secure, networked computer systems in the federal government and in the private sector. The National Strategy to Secure Cyberspace identifies national priorities to secure...
FDIC Chairman Sheila C. Bair announced today that Sandra L. Thompson has been named Director of the Federal Deposit Insurance Corporation's Division of Supervision and Consumer Protection (DSC). In addition, Christopher J. Spoth has been named Senior Deputy Director, Supervisory Examinations; and John Lane will assume...
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