The White House wants commercial banks that take deposits from customers to be barred from investing on behalf of the bank itself—what’s known as proprietary trading—and said the administration will seek new limits on the size and concentration of financial institutions. Under the proposed rule, commercial banks would be prohibited from owning, investing in or advising hedge funds or private-equity firms. Administration officials said they also want to toughen an existing cap on bank market share. Since 1994, no bank can have more than 10% of the nation’s insured deposits. The Obama administration wants that cap to include non-insured deposits and other assets.

The U.S. Senate will renew efforts this month to overhaul financial regulation, basing much of its work on a bill offered by Democratic Senator Christopher Dodd, who announced this week he will retire at the end of 2010.
Like legislation approved on Dec. 11 by the U.S. House of Representatives, the Dodd bill proposes the biggest regulatory changes since the 1930s for Wall Street and the banks.
Below is a summary of the House and Senate proposals.

SYSTEMIC RISK:

HOUSE BILL
* House bill creates inter-agency Financial Services Oversight Council with staff drawn from existing agencies
* Council members include heads of Treasury, Federal Reserve, SEC, FDIC, others; Fed acts as council agent
* Council can recommend that existing agencies impose stricter standards on large, interconnected financial firms that could threaten economic stability or that are troubled
* Fed limits leverage of financial holding companies subject to stricter standards at 15-to-1 debt-to-equity ratio
* Fed sets minimum capital ratio for financial holding companies that are subject to stricter standards at 2 percent of tangible equity to total assets
* Fed can impose other leverage, capital, liquidity rules on firms, taking off-balance sheet activities into account
* Fed can prohibit firms subject to stricter standards from proprietary trading done in-house using firms’ own money
* Firms subject to higher standards face routine “stress tests;” must submit “living wills” on unwinding quickly
* Firms can be ordered to hold contingent capital, or long-term hybrid debt convertible to equity in emergencies
* Firms failing to comply can be ordered to restructure, curb executive pay, sell businesses or otherwise break up
* Treasury secretary must approve any order to divest more than $10 billion in assets; president, more than $100 billion

DODD BILL
* Creates Agency for Financial Stability, governed by board similar to House’s council, also with rule-writing power only
* Agency relies less on Fed, more on new single bank regulator and FDIC to execute and enforce its orders
* Imposes incrementally tighter standards on firms with total assets above $10 billion as they present more risk to financial stability
* Regulators can impose tighter balance-sheet rules and “living will” requirements on firms, resembling House bill
* Regulators can force firms not complying with tighter rules, or that threaten stability, to recapitalize, be acquired, restructure, curb pay, dismiss executives, break up
* Firms’ credit exposure to unaffiliated companies can be limited to 25 percent of capital stock, as in House bill

DEALING WITH LARGE TROUBLED FINANCIAL FIRMS:

HOUSE BILL
* FDIC — with approval of council, Treasury and president — can guarantee debts of solvent firms up to $500 billion
* FDIC can dismantle insolvent firms through bankruptcy or receivership, much like it dismantles failing banks now
* Secured creditors in FDIC resolutions can have up to 10 percent of their claims treated as unsecured claims
* $200 billion fund pays for FDIC resolutions; fund gets up to $150 billion from fees charged to firms worth more than $50 billion, can borrow another $50 billion from Treasury; hedge funds’ worth $10 billion or more pay into fund

DODD BILL
* FDIC can guarantee debts of firms in receivership, with approvals from senior officials
* FDIC can dismantle large troubled financial firms
* Firms with assets above $10 billion pay fees for FDIC resolutions after they occur, not before, unlike House bill

Dazu haben insbesondere die internationalen Eigenkapitalregeln für Banken, im Fachjargon Basel II, beigetragen. Die Bonitätsnoten bestimmen, mit wie viel Kapital eine Bank den Besitz von Krediten und Wertpapieren unterlegen muss. Vor allem bei komplexen, also verbrieften, Wertpapieren ist dieser Weg praktisch alternativlos. Verankert in zahllosen Anlagerichtlinien und Verordnungen für Fonds und Versicherer legen Ratings auch für die meisten anderen Finanzmarktakteure fest, welche Wertpapiere käuflich sind und was ein Ladenhüter bleiben muss.
–
Die Hauptschuld daran trägt die Politik. Erst hat sie die Ratings durch gewinnorientierte Firmen zum festen Bestandteil der Finanzmarktaufsicht gemacht. Und nun unterlässt sie jeden ernsthaften Versuch, Alternativen auszuloten.
–
Neulich berichtete der Fondsmanager einer großen Kapitalanlagegesellschaft, sein Arbeitgeber biete institutionellen Anlegern an, die Anlagerichtlinien nicht allein an Ratings, sondern auch an weiteren Risikoparametern auszurichten. Leider liegt die Nachfrage bislang quasi bei null. Der Grund: Die angesprochenen institutionellen Investoren – Pensionskassen, Versicherer, Banken – sind selbst aufsichtsrechtlich an Ratings gebunden. So erstickt die regulatorische Allgegenwart von Ratings neue Ansätze schon im Keim.

Aufseher zementieren die Macht der Ratings (bei Handelsblatt.com am 05.01.2010 veröffentlicht)

Ein Grund für die kleine Rally dürfte ein Artikel in der japanischen Finanzzeitung «Nikkei» liefern: Dort heisst es, dass die Bankenaufsichtsbehörden bald die neuen Richtlinien für Eigenkapitalanforderungen veröffentlichen werden – konkret die Bank für Internationalen Zahlungsausgleich BIZ in Basel.

In dem Artikel werden brisante Details gemeldet: Den Banken soll eine lange Übergangsphase von über zehn Jahren gewährt werden, die strengeren Eigenkapitalanforderungen zu erfüllen. Zudem soll die nationale Aufsichtsbehörde jeweils mitbestimmen dürfen, wann die Finanzinstitute die neuen Regulatorien voll erfüllen müssen.

cash.ch

systemrelevante Finanzkonzerne:
Aegon
Allianz
Aviva
Axa
Banca Intesa
Bank of America
Barclays
BBVA Santander
BNP Paribas
Citigroup
Credit Suisse
Deutsche Bank
Goldman Sachs
HSBC
ING
JP Morgan
Mitsubishi UFJ
Mizuho
Morgan Stanley
Nomura
RB1 of Canada
RB1 of Scotland
Société Générale
Stand. Chartered
Sumitomo Mitsui
Swiss Re
UBS
Unicredit
Zurich

Position limits being considered by the US Commodity Futures Trading Commission to eliminate “excessive” market speculation could create problems for companies trading energy commodities, said John England, managing partner for energy in Deloitte & Touche LLP’s markets consulting practice. Proposed regulatory changes would affect hedge funds, banks, insurance, and other firms, said England. “It is important for most energy market participants to consider the potential impacts of these proposed rule changes on their ability to manage risk,” he said. To centrally regulate the OTC market, all transactions would be through monitored clearing exchanges. “Although it is expected that the exchanges would adapt by offering a greater variety of OTC products, it is unlikely that the products would cover all possible trading locations, product specs, and time frames,” England said. “This could cause a decrease in the variety of instruments available today for laying off basis risk and may decrease the trading activity in high-risk, high-margin markets.” He added, “If nonphysical transacting entities are limited in the volume of derivatives they can trade, the demand for these instruments may become low enough that it would not make economic sense for the exchanges to offer a wide variety, thus further limiting the ways that companies can manage or mitigate their basis risk.”

England noted, “Typically in commodity markets, a decrease in liquidity results in higher bid-offer spreads and potentially higher costs to hedge in the market. This could have a large impact on both market participants (potentially unable to hedge adequately) and exchanges, as roughly one quarter of their revenue is derived from energy trading.” A decrease in the variety of products offered in the US market could trigger a shift to other global exchanges and increase exposure to foreign currency and foreign governments, he said.

“The proposed rules could lead to an increase in margin call activity for derivatives normally traded directly with counterparties or through a broker on credit terms. Forcing transactions to clear on a more transparent clearing exchange rather than through OTC means would result in more cash being required to support deals and less ability to rely on credit,” England said.

Problems in laying off risk could make it more onerous to value positions and risk exposure at less-liquid points. “In short, it could become much more difficult to price a large number of physical markets,” said England.

Increased red tape

Information requirements and disclosure expectations are likely to be more frequent and more detailed under the new regulations. “Since the content of the reporting would come directly from existing trading systems where their financial positions are maintained, companies will need to determine whether these systems are reliable and support regular reporting,” England said. “In some instances, these activities could lead to the need for significant investments in infrastructure (processes and systems), increasing costs and potentially squeezing razor-thin profit margins.”

He said, “Should the proposed rules come into force, there is a high probability that the reporting requirements and expectations regarding transparency would rise in lockstep. Institutions transacting energy contracts on US exchanges would have to report to the CFTC on volumes in addition to the standards they are currently meeting. Regulatory oversight could expand into areas beyond the regulation of markets by treading into the regulation of speculative behavior, price movement, and price volatility. With an increase in reporting, this would heighten the risk of misreporting and subject entities to potential fines.”

Regulators in both the US and UK are working to share information so as to more effectively track global market manipulation. If the US passes legislation to centralize regulation, it may also pursue an international agreement for regulatory standards in the major global markets, increasing the impact and reach of regulatory changes.

However, England said the global nature of energy markets makes it difficult for the CFTC to manage position limits. To be effective, the majority of exchanges worldwide would have to employ similar restrictions. If regulators and the International Organization of Securities Commissions are unable to spearhead a global response, “commercial transactions will naturally migrate to less onerous markets, again drying liquidity and potentially increasing transactional risk,” he said.

Copyright PennWell Corporation Sep 28, 2009

(c) 2009 Oil & Gas Journal. Provided by ProQuest LLC. All rights Reserved.

October

Southern Colorado National Bank, Pueblo, CO with approximately $39.5 million in assets and approximately $31.9 million in deposits was closed. Legacy Bank, Wiley, CO has agreed to assume all deposits. (PR-181-2009)

Jennings State Bank, Spring Grove, MN with approximately $56.3 million in assets and approximately $52.4 million in deposits was closed. Central Bank, Stillwater, MN has agreed to assume all deposits. (PR-180-2009)

Warren Bank, Warren, MI with approximately $538 million in assets and approximately $501 million in deposits was closed. The Huntington National Bank, Columbus, OH has agreed to assume all deposits, excluding certain brokered deposits. (PR-179-2009)

September

Georgian Bank, Atlanta, GA with approximately $2 billion in assets and approximately $2 billion in deposits was closed. First Citizens Bank and Trust Company, Inc., Columbia, SC has agreed to assume all deposits, excluding certain brokered deposits. (PR-177-2009)

Irwin Union Bank, F.S.B., Louisville, KY with approximately $493 million in assets and approximately $441 million in deposits was closed. First Financial Bank, N.A., Hamilton, OH has agreed to assume all deposits. (PR-174-2009)

Irwin Union Bank and Trust Company, Columbus, IN with approximately $2.7 billion in assets and approximately $2.1 billion in deposits was closed. First Financial Bank, N.A., Hamilton, OH has agreed to assume all deposits. (PR-174-2009)

Venture Bank, Lacey, WA with approximately $970 million in assets and approximately $903 million in deposits was closed. First-Citizens Bank & Trust Company, Raleigh, NC has agreed to assume all deposits, excluding certain brokered deposits. (PR-170-2009)

Brickwell Community Bank, Woodbury, MN with approximately $72 million in assets and approximately $63 million in deposits was closed. CorTrust Bank N.A. Mitchell, SD has agreed to assume all deposits, excluding certain brokered deposits. (PR-169-2009)

Corus Bank, N.A., Chicago, IL with approximately $7 billion in assets and approximately $7 billion in deposits was closed. MB Financial Bank, N.A., Chicago, IL has agreed to assume all deposits, excluding certain brokered deposits. (PR-168-2009)

First State Bank, Flagstaff, AZ with approximately $105 million in assets and approximately $95 million in deposits was closed. Sunwest Bank, Tustin, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-165-2009)

Platinum Community Bank, Rolling Meadows, IL, with approximately $345.6 million in assets and approximately $305.0 million in deposits was approved for payout by the FDIC Board of Directors. (PR-164-2009)

Vantus Bank, Sioux City, IA with approximately $458 million in assets and approximately $368 million in deposits was closed. Great Southern Bank, Springfield, MO has agreed to assume all deposits. (PR-163-2009)

InBank, Oak Forest, IL with approximately $212 million in assets and approximately $199 million in deposits was closed. MB Financial Bank, National Association, Chicago, IL has agreed to assume all deposits, excluding certain brokered deposits. (PR-162-2009)

First Bank of Kansas City, Kansas City, MO with approximately $16 million in assets and approximately $15 million in deposits was closed. Great American Bank, De Soto, KS has agreed to assume all deposits. (PR-161-2009)

August

Affinity Bank, Ventura, CA with approximately $1 billion in assets and approximately $922 million in deposits was closed. Pacific Western Bank, San Diego, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-157-2009)

Mainstreet Bank, Forest Lake, MN with approximately $459 million in assets and approximately $434 million in deposits was closed. Central Bank, Stillwater, MN has agreed to assume all deposits, excluding certain brokered deposits. (PR-156-2009)

Bradford Bank, Baltimore, MD with approximately $452 million in assets and approximately $383 million in deposits was closed. Manufacturers and Traders Trust Company, Buffalo, NY has agreed to assume all deposits. (PR-155-2009)

Guaranty Bank, Austin, TX with approximately $13 billion in assets and approximately $12 billion in deposits was closed. BBVA Compass, Birmingham, AL has agreed to assume all deposits, excluding certain brokered deposits. (PR-150-2009)

CapitalSouth Bank, Birmingham, AL with approximately $617 million in assets and approximately $546 million in deposits was closed. IBERIABANK, Lafayette, LA has agreed to assume all deposits, excluding certain brokered deposits. (PR-149-2009)

First Coweta Bank, Newnan, GA, with approximately $167 million in assets and approximately $155 million in deposits was closed. United Bank, Zebulon, GA, has agreed to assume all deposits, excluding certain brokered deposits. (PR-148-2009)

ebank, Atlanta, Georgia, with approximately $143 million in assets and approximately $130 million in deposits was closed. Stearns Bank, National Association, St. Cloud, MN, has agreed to assume all deposits. (PR-147-2009)

Community Bank of Nevada, Las Vegas, Nevada, with approximately $1.52 billion in assets and approximately $1.38 billion in deposits was closed. The FDIC has created the Deposit Insurance National Bank of Las Vegas, NV (“DINB of Las Vegas”) to facilitate the resolution of Community Bank of Nevada, Las Vegas, NV. (PR-146-2009)

Community Bank of Arizona, Phoenix, Arizona, with approximately $158.5 million in total assets, was closed. MidFirst Bank, Oklahoma City, OK, has agreed to assume all deposits, excluding certain brokered deposits (approximately $143.8 million). (PR-145-2009)

Union Bank, N.A., Gilbert, Arizona, with approximately $124 million in assets and approximately $112 in deposits was closed. MidFirst Bank, Oklahoma City, OK, has agreed to assume all non-brokered deposits. (PR-144-2009)

Colonial Bank, Montgomery, Alabama, with approximately $25 billion in assets, was closed. Branch Banking and Trust Company (BB&T), Winston-Salem, NC, has agreed to assume all deposits (approximately $20 billion). (PR-143-2009)

Dwelling House Savings and Loan Association, Pittsburgh, Pennsylvania, with approximately $13.4 million in assets, was closed. PNC Bank, Pittsburgh, PA, has agreed to assume all deposits (approximately $13.8 million). (PR-142-2009)

Community First Bank, Prineville, Oregon, with approximately $209 million in total assets, was closed. Home Federal Bank, Nampa, ID, has agreed to assume all deposits, excluding certain brokered deposits (approximately $182 million). (PR-141-2009)

Community National Bank of Sarasota County, Venice, Florida, with approximately $97 million in assets, was closed. Stearns Bank, N.A., St. Cloud, MN, has agreed to assume all deposits (approximately $93 million). (PR-140-2009)

First State Bank, Sarasota, Florida, with approximately $463 million in assets, was closed. Stearns Bank, N.A., St. Cloud, MN, has agreed to assume all deposits, excluding certain brokered deposits (approximately $387 million). (PR-139-2009)

July

Mutual Bank, Harvey, Illinois, with approximately $1.6 billion in assets, was closed. United Central Bank, Garland, Texas, has agreed to assume all deposits (approximately $1.6 billion). (PR-137-2009)

First BankAmericano, Elizabeth, New Jersey, with approximately $166 million in assets, was closed. Crown Bank, Brick, New Jersey, has agreed to assume all deposits (approximately $157 million). (PR-136-2009)

Peoples Community Bank, West Chester, Ohio, with approximately $705.8 million in assets, was closed. First Financial Bank, N.A., Hamilton, Ohio, has agreed to assume all deposits, excluding certain brokered deposits (approximately $598.2 million). (PR-135-2009)

Integrity Bank, Jupiter, Florida, with approximately $119 million in assets, was closed. Stonegate Bank, Fort Lauderdale, Florida, has agreed to assume all deposits, excluding certain brokered deposits (approximately $102 million). (PR-134-2009)

First State Bank of Altus, Altus, Oklahoma, with approximately $103.4 million in assets, was closed. Herring Bank, Amarillo, Texas, has agreed to assume all deposits (approximately $98.2 million). (PR-133-2009)

Security Bank of Gwinnett County, Suwanee, GA; Security Bank of North Fulton, Alpharetta, GA; Security Bank of North Metro, Woodstock, GA; Security Bank of Bibb County, Macon, GA; Security Bank of Houston County, Perry, GA; and Security Bank of Jones County, Gray, GA, with approximately $2.8 billion in combined assets, were closed. State Bank and Trust Company, Pinehurst, Georgia, has agreed to assume all deposits (approximately $2.4 billion). (PR-130-2009)

Waterford Village Bank, Williamsville, New York, with approximately $61.4 million in assets, was closed. Evans Bank, National Association, Angola, New York, has agreed to assume all deposits (approximately $58 million). (PR-129-2009)

Temecula Valley Bank, Temecula, California, with approximately $1.5 billion in assets, was closed. First-Citizens Bank & Trust Company, Raleigh, North Carolina, has agreed to assume all deposits, excluding certain brokered deposits (approximately $1.3 billion). (PR-126-2009)

Vineyard Bank, N.A., Rancho Cucamonga, California, with approximately $1.9 billion in assets, was closed. California Bank & Trust, San Diego, California, has agreed to assume all deposits, excluding certain brokered deposits (approximately $1.6 billion). (PR-125-2009)

BankFirst, Sioux Falls, South Dakota, with approximately $275 million in assets, was closed. Alerus Financial, National Association, Grand Forks, North Dakota, has agreed to assume all deposits (approximately $254 million). (PR-124-2009)

First Piedmont Bank, Winder, Georgia, with approximately $115 million in assets, was closed. First American Bank and Trust Company, Athens, Georgia, has agreed to assume all deposits (approximately $109 million). (PR-123-2009)

Bank of Wyoming, Thermopolis, Wyoming, with approximately $70 million in assets, was closed. Central Bank & Trust, Lander, Wyoming, has agreed to assume all deposits, excluding certain brokered deposits (approximately $67 million). (PR-122-2009)

Founders Bank, Worth, Illinois, with approximately $962.5 million in assets, was closed. The PrivateBank and Trust Company, Chicago, Illinois, has agreed to assume all deposits (approximately $848.9 million). (PR-119-2009)

Millennium State Bank of Texas, Dallas, Texas, with approximately $118 million in assets, was closed. State Bank of Texas, Irving, Texas, has agreed to assume all deposits (approximately $115 million). (PR-118-2009)

The First National Bank of Danville, Danville, Illinois, with approximately $166 million in assets, was closed. First Financial Bank, N.A., Terre Haute, Indiana, has agreed to assume all deposits (approximately $147 million). (PR-117-2009)

The Elizabeth State Bank, Elizabeth, Illinois, with approximately $55.5 million in assets, was closed. Galena State Bank and Trust Company, Galena, Illinois, has agreed to assume all deposits (approximately $50.4 million). (PR-116-2009)

Rock River Bank, Oregon, Illinois, with approximately $77 million in assets, was closed. The Harvard State Bank, Harvard, Illinois, has agreed to assume all deposits (approximately $75.8 million). (PR-115-2009)

The First State Bank of Winchester, Winchester, Illinois, with approximately $36 million in assets, was closed. The First National Bank of Beardstown, Beardstown, Illinois, has agreed to assume all deposits (approximately $34 million). (PR-114-2009)

The John Warner Bank, Clinton, Illinois, with approximately $70 million in assets, was closed. State Bank of Lincoln, Lincoln, Illinois, has agreed to assume all deposits (approximately $64 million). (PR-113-2009)

June

Mirae Bank, Los Angeles, California, with approximately $456 million in assets, was closed. Wilshire State Bank, Los Angeles, California, has agreed to assume all deposits (approximately $362 million). (PR-105-2009)

MetroPacific Bank, Irvine, California, with approximately $80 million in assets, was closed. Sunwest Bank, Tustin, California, has agreed to assume all non-brokered deposits (approximately $73 million). (PR-104-2009)

Horizon Bank, Pine City, Minnesota, with approximately $87.6 million in assets, was closed. Stearns Bank N.A., St. Cloud, Minnesota, has agreed to assume all deposits, excluding certain brokered deposits (approximately $69.4 million). (PR-103-2009)

Neighbor Community Bank, Newnan, Georgia, with approximately $221.6 million in assets, was closed. CharterBank, West Point, Georgia, has agreed to assume all deposits (approximately $191.3 million). (PR-102-2009)

Community Bank of West Georgia, Villa Rica, Georgia, with approximately $199.4 million in assets and approximately $182.5 million in deposits was approved for payout by the FDIC Board of Directors. (PR-101-2009)

First National Bank of Anthony, Anthony, Kansas, with approximately $156.9 million in assets, was closed. Bank of Kansas, South Hutchinson, Kansas, has agreed to assume all deposits (approximately $142.5 million). (PR-96-2009)

Cooperative Bank, Wilmington, North Carolina, with approximately $970 million in assets, was closed. First Bank, Troy, North Carolina, has agreed to assume all deposits, excluding certain brokered deposits (approximately $774 million). (PR-95-2009)

Southern Community Bank, Fayetteville, Georgia, with approximately $377 million in assets, was closed. United Community Bank, Blairsville, Georgia, has agreed to assume all deposits (approximately $307 million). (PR-94-2009)

Bank of Lincolnwood, Lincolnwood, Illinois, with approximately $214 million in assets, was closed. Republic Bank of Chicago, Oak Brook, Illinois, has agreed to assume all deposits (approximately $202 million).
(PR-86-2009)

May

Citizens National Bank, Macomb, Illinois, with approximately $437 million in assets, was closed. Morton Community Bank, Morton, Illinois, has agreed to assume all non-brokered deposits (approximately $400 million). (PR-76-2009)

Strategic Capital Bank, Champaign, Illinois, with approximately $537 million in assets, was closed. Midland States Bank, Effingham, Illinois, has agreed to assume all deposits (approximately $471 million).
(PR-75-2009)

BankUnited, FSB, Coral Gables, Florida, with approximately $12.8 billion in assets, was closed. BankUnited, Coral Gables, Florida, has agreed to assume all deposits (approximately $8.6 billion).
(PR-72-2009)

Westsound Bank, Bremerton, Washington, with approximately $334.6 million in assets and $304.5 million in deposits, was closed. Kitsap Bank, Port Orchard, Washington, has agreed to assume all non-brokered deposits. (PR-69-2009)

America West Bank, Layton, Utah, with approximately $299.4 million in assets, was closed. Cache Valley Bank, Logan, Utah, has agreed to assume all deposits (approximately $284.1 million).
(PR-63-2009)

Citizens Community Bank, Ridgewood, New Jersey, with approximately $45.1 million in assets, was closed. North Jersey Community Bank, Englewood Cliffs, New Jersey, has agreed to assume all deposits (approximately $43.7 million). (PR-62-2009)

Silverton Bank, N.A., Atlanta, Georgia, with approximately $4.1 billion in assets and $3.3 billion in deposits was closed. The FDIC created a bridge bank, Silverton Bridge Bank, N.A., to take over operations. (PR-61-2009)

April

First Bank of Idaho, Ketchum, Idaho, with approximately $488.9 million in assets, was closed. U.S. Bank, National Association, Minneapolis, MN, has agreed to assume all non-brokered deposits (approximately $374 million). (PR-60-2009)

First Bank of Beverly Hills, Calabasas, California, with approximately $1.5 billion in assets and approximately $1 billion in deposits was approved for payout by the FDIC Board of Directors. (PR-59-2009)

Michigan Heritage Bank, Farmington Hills, Michigan, with approximately $184.6 million in assets, was closed. Level One Bank, Farmington Hills, Michigan, has agreed to assume all deposits (approximately $151.7 million). (PR-58-2009)

American Southern Bank, Kennesaw, Georgia, with approximately $112.3 million in assets and approximately $104.3 in deposits was closed. Bank of North Georgia, Alpharetta, Georgia, has agreed to assume all non-brokered deposits. (PR-57-2009)

Great Basin Bank of Nevada, Elko, Nevada, with approximately $270.9 million in assets, was closed. Nevada State Bank, Las Vegas, Nevada, has agreed to assume all deposits (approximately $241.4 million). (PR-55-2009)

American Sterling Bank, Sugar Creek, Missouri, with approximately $181 million in assets was closed. Metcalf Bank, Lee’s Summit, Missouri, has agreed to assume all deposits (approximately $171.9 million). (PR-54-2009)

New Frontier Bank, Greeley, Colorado, with approximately $2.0 billion in assets and approximately $1.5 billion in deposits was closed. Deposit Insurance National Bank of Greeley, Greeley, Colorado has agreed to assume the non-brokered insured deposits. (PR-53-2009)

Cape Fear Bank, Wilmington, North Carolina, with approximately $492 million in assets, was closed. First Federal Savings and Loan Association, Charleston, South Carolina, has agreed to assume all deposits, excluding certain brokered deposits (approximately $403 million). (PR-52-2009)

March

Omni National Bank, Atlanta, Georgia, with approximately $956.0 million in assets and approximately $796.8 million in deposits was closed. SunTrust Bank, Atlanta, Georgia has agreed to assume the non-brokered insured deposits. (PR-50-2009)

TeamBank, National Association, Paola, Kansas, with approximately $669.8 million in assets, was closed. Great Southern Bank, Springfield, Missouri, has agreed to assume all deposits (approximately $492.8 million). (PR-46-2009)

Colorado National Bank, Colorado Springs, Colorado, with approximately $123.5 million in assets, was closed. Herring Bank, Amarillo, Texas has agreed to assume all deposits (approximately $82.7 million). (PR-45-2009)

FirstCity Bank, Stockbridge, Georgia, with approximately $297.0 million in assets and approximately $278.0 million in deposits was approved for payout by the FDIC Board of Directors. (PR-44-2009)

Freedom Bank of Georgia, Commerce, Georgia, with approximately $173.0 million in assets and approximately $161.0 million in deposits, was closed. Northeast Georgia Bank, Lavonia, Georgia has agreed to assume all deposits. (PR-37-2009)

February

Security Savings Bank, Henderson, Nevada, with approximately $238.3 million in assets, was closed. Bank of Nevada, Las Vegas, NV has agreed to assume all non-brokered deposits (approximately $175.2 million). (PR-32-2009)

Heritage Community Bank, Glenwood, Illinois, with approximately $232.9 million in assets, was closed. The MB Financial Bank, National Association, Chicago, Illinois has agreed to assume all deposits (approximately $218.6 million). (PR-31-2009)

Silver Falls Bank, Silverton, Oregon, with approximately $131.4 million in assets was closed. Citizens Bank, Corvallis, Oregon has agreed to assume all deposits (approximately $116.3 million). (PR-24-2009)

Pinnacle Bank of Oregon, Beaverton, Oregon, with approximately $73.0 million in assets was closed. Washington Trust Bank, Spokane, Washington has agreed to assume all deposits (approximately $64.0 million). (PR-23-2009)

Corn Belt Bank and Trust Company, Pittsfield, Illinois, with approximately $271.8 million in assets and approximately $234.4 million in deposits, was closed. The Carlinville National Bank, Carlinville, Illinois has agreed to assume all non-brokered deposits. (PR-22-2009)

Riverside Bank of the Gulf Coast, Cape Coral, Florida, with approximately $539.0 million in assets and approximately $424.0 million in deposits, was closed. TIB Bank, Naples, Florida has agreed to assume all non-brokered deposits. (PR-21-2009)

Sherman County Bank, Loup City, Nebraska, with approximately $129.8 million in assets was closed. Heritage Bank, Wood River, Nebraska has agreed to assume all deposits (approximately $85.1 million). (PR-20-2009)

County Bank, Merced, California, with approximately $1.7 billion in assets was closed. Westamerica Bank, San Rafael, California has agreed to assume all deposits (approximately $1.3 billion). (PR-19-2009)

Alliance Bank, Culver City, California, with approximately $1.14 billion in assets and approximately $951.0 million in deposits was closed. California Bank & Trust, San Diego, California has agreed to assume all deposits. (PR-18-2009)

FirstBank Financial Services, McDonough, Georgia, with approximately $337.0 million in assets was closed. Regions Bank, Birmingham, Alabama has agreed to assume all deposits (approximately $279.0 million). (PR-17-2009)

January

Ocala National Bank, Ocala, Florida, with approximately $223.5 million in assets and approximately $205.2 million in deposits, was closed. CenterState Bank of Florida, Winter Haven, Florida has agreed to assume all non-brokered deposits. (PR-14-2009)

Suburban Federal Savings Bank, Crofton, Maryland, with approximately $360.0 million in assets was closed. Bank of Essex, Tappahannock, Virginia has agreed to assume all deposits (approximately $302.0 million). (PR-13-2009)

MagnetBank, Salt Lake City, Utah, with approximately $292.2 million in assets and approximately $282.8 million in deposits was approved for payout by the FDIC Board of Directors. (PR-12-2009)

1st Centennial Bank, Redlands, California, with approximately $803.3 million in assets and approximately $676.9 million in deposits was closed. First California Bank, Westlake Village, California has agreed to assume the non-brokered insured deposits. (PR-7-2009)

Bank of Clark County, Vancouver, Washington, with approximately $446.5 million in assets and approximately $366.5 million in deposits was closed. Umpqua Bank, Roseburg, Oregon has agreed to assume the non-brokered insured deposits. (PR-6-2009)

National Bank of Commerce, Berkeley, Illinois, with approximately $430.9 million in total assets and $402.1 million in total deposits, was closed. In addition to assuming all of the failed bank’s deposits, Republic Bank of Chicago, Oak Brook, Illinois agreed to pay a discount of $44.9 million, and will purchase approximately $366.6 million of assets. The FDIC will retain the remaining assets for later disposition. (PR-5-2009)

Die Bemühungen der Banken, ihre außerbörslichen Wertpapiertransaktionen durch die Einschaltung einer zentralen Clearing-Partei sicherer zu gestalten, nehmen allem Anschein nach konkrete Formen an. So zeichnet sich nun endgültig der seit langem gewollte Einstieg eines Bankenkonsortiums bei dem auf das Settlement und Clearing von Wertpapiertransaktionen spezialisierte Unternehmen LCH.Clearnet Group ab.

Darauf deuten zumindest die jüngsten Aussagen des Clearnet-Entwicklungsvorstands Michael March hin: “Wir erwarten mit Sicherheit neue Anteilseigner und Anteilseignergruppen”, sagte er am Freitag auf einer Konferenz im schweizerischen Interlaken.

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Zu den interessierten Banken werden seit geraumer Zeit Deutsche Bank, J.P. Morgan Chase, UBS sowie BNP Paribas gezählt. Auch Societe Generale sowie Royal Bank of Scotland, HSBC Holdings und Citigroup werden als Konsortiumsmitglieder genannt. Der Plan mit dem Decknamen “Marigold” sei von den Banken positiv aufgenommen worden, schreibt die “FT” weiter.
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Webseiten: www.ft.com
www.lchclearnet.com

The U.S. Securities and Exchange Commission plans to hold two roundtable discussions on securities lending and short-selling, the agency announced Friday. The first roundtable, slated for Sept. 29, will focus on securities lending issues. The second meeting on Sept. 30, meanwhile, will discuss short-selling pre-borrowing requirements and ideas for potential new disclosure regulations on short-selling. Both meetings will commence at 9:30 a.m. EDT and be held in the auditorium at the SEC’s headquarters in Washington.

The Federal Reserve has imposed restrictions on two correspondent banks in Nebraska and Missouri owned by Midwest Independent Bancshares Inc. of Jefferson City, Mo.
Regulators want the banks to develop stronger credit risk standards, adopt comprehensive ethics policies, improve capital reserves and draft realistic budgets for 2009.