Banking Report Index-Summary

GAMBLING

– EU, legal confusion over possible violations of single market laws, 94:441
– Internet services operating in U.S.

See LEGISLATION, FEDERAL, HR 2267, HR 2268

– Money laundering, state resident charged with violations of Unlawful Internet Gambling Enforcement Act (D. Mass.), 94:935
– Regulation and taxation of online games

See LEGISLATION, FEDERAL, HR 4976

GEORGIA

– Failed banks

– – Appalachian Community Bank in Ellijay, 94:560
– – Appalachian Community Bank in McCaysville, 95:1109
– – Bank of Ellijay in Ellijay, 95:458
– – Bank of Hiawassee in Hiawassee, 94:560
– – Century Security Bank in Duluth, 94:560
– – Chestatee State Bank in Dawsonville, 95:1109
– – Community Bank and Trust of Cornelia, 94:279
– – Crescent Bank and Trust in Jasper, 95:152
– – Darby Bank & Trust of Vidalla, 95:887
– – First Commerce Community Bank in Douglasville, 95:458
– – First Natl. Bank of Barnesville in Barnesville, 95:731
– – First Natl. Bank of Ga., 94:279
– – First Natl. Bank of Savannah, 94:1296
– – Gordon Bank in Gordon, 95:731
– – McIntosh Commercial Bank in Carrollton, 94:605
– – NorthWest Bank and Trust of Acworth, 95:208
– – Peoples Bank in Winder, 95:458
– – Satilla Community Bank in Saint Marys, 94:963
– – Silverton Bank of Atlanta, Square Mile Capital winning bid for SFG subsidiary, 94:919; sale completed, 95:12
– – Tifton Banking of Tifton, 95:887
– – United Americas Bank, N.A., in Atlanta, 95:1109
– – Unity Natl. Bank in Centersville, 94:605

GERMANY

– Bad banks, stabilization fund reports on lender transfers, 95:537
– Bailouts, SparkasseKolnBonn arrangement, EU approval, 95:591
– Bank restructuring measure, Cabinet approval, 95:367
– Bank tax, Bundestag approval of restructuring and levy measure, 95:856
– Bearer bonds unenforceable without validation (2d Cir.), 95:232
– Data security, stolen Swiss bank data, finance ministry considering purchase as aid to identification of potential tax evaders, 94:292; Merkel support for purchase, 94:333; ill-gotten data usable in tax evasion probes, 95:1027
– Failed banks, urgent rescue aid and bad bank plan for WestLB, European Comm'n approval, 94:30; extension of scheme, 94:1306; exit strategies for partly state-owned banks, 94:1307; European Comm'n probe into state aid and additional subsidy, 95:853
– Hypo Real Estate Holding application to transfer assets to bad bank, 94:242
– Tax fraud investigation related to emissions trading, 94:889
– Tax havens, raids on branches of Credit Suisse as part of continued crackdown on suspected tax cheats, 95:120
– Tax treaty with Switzerland, continuation of negotiations despite dispute over stolen bank data, 94:291

GIFT CARDS

– CARD Act rules, FRB final revisions to on-card disclosures, 94:603
– Taxation, IRS guidance likely soon, 95:796

GLB ACT

See GRAMM-LEACH-BLILEY ACT

GOVERNMENT-SPONSORED ENTERPRISES (GSEs)

– Affordable housing goals for Fannie Mae and Freddie Mac, FHFA final rule for 2010-2011, 95:401
– Budget, FY2011 appropriations, estimated costs not on budget, Geithner remarks, 94:415
– Caps on federal support of Fannie Mae and Freddie Mac, Treasury Dep't removal of $200B limit, 94:5; increases in aid possible, 95:734
– Conservatorship of Fannie Mae and Freddie Mac, DeMarco testimony before House Financial Servs. panel, 94:1083
– Delinquencies, Freddie Mac, Fannie Mae, FHA, and VA loans, FRB N.Y. mortgage statistics, 94:271; updated data for fourth quarter 2009, 94:503
– Financial crisis, conflicting pressures of affordable housing goals and profits for investors factors in demise, Mudd and Levin remarks, 94:686
– Fraud, Frank (D-Mass)-Kanjorski (D-Pa) call for increased FHFA loss recovery efforts, 95:293
– Future of Fannie Mae and Freddie Mac

– – Donovan proposal, 94:746
– – Treasury Dep't conference for gathering ideas, 95:290

– NYSE, Fannie Mae and Freddie Mac directed to delist, 94:1249
– Overhaul of Fannie Mae and Freddie Mac, plans for conference of housing policy experts, 95:217
– Property Assessed Clean Energy Loans, FHFA request for “pause” in state and local programs, 95:53
– Receivership, proposed FHFA rule on conditions and clarifications, 95:53; mortgage bankers' group push for consideration of Fannie Mae and Freddie Mac status, 95:401
– Refunds for faulty or poorly underwritten loans, aggressive Fannie Mae and Freddie Mac buyback push, 95:451
– Regulatory reform

– – Comprehensive plan not waiting on financial system overhaul, Goolsbee remarks, 94:908
– – “Conference of experts” discussion, Geithner announcement and remarks, 95:250
– – Explicit guarantee of holdings necessary, Special Report, 95:188
– – Hill Watch, 95:428
– – Multi-family housing units, stakeholder recommendations for Fannie Mae and Freddie Mac roles in various markets, 95:294
– – Secondary market for U.S. residential mortgage-backed securities, need for explicit guarantee and role for covered bonds, 95:97

– Secondary mortgage market, housing goals for Fannie Mae and Freddie Mac, FHFA proposed rule, 94:358
– Single-Family Credit Guarantee business sector as key driver in decline of Fannie Mae and Freddie Mac capital, 95:345
– Uniform data initiative, standardization of mortgage appraisal and loan data available to Fannie Mae and Freddie Mac, 94:1019; conformity of standard mortgage data rules to existing bank and credit union rules, 94:1082

GRAMM-LEACH-BLILEY ACT

– Duplicative notices to consumers

See LEGISLATION, FEDERAL, HR 3506

– Transitional provisions, N.Y. extension, 94:762

GREECE

– Derivatives, national policy as cause of sovereign debt emergency, House Financial Servs. Comm. testimony, 94:846
– Extension of bank support scheme, European Comm'n approval, 95:29

GROUP OF SEVEN (G-7)

– Economic policy, finance leader vows for fiscal aid and regulatory reform, 94:334

GROUP OF TWENTY (G-20)

– Accounting, Convergence under International Financial Reporting Standards (IFRS), participation and endorsement, 94:76; IASB and FASB progress report, 94:1126
– Bank tax not likely but stronger liquidity and capital standards still on table, 94:1117; EU forges ahead with independent bank tax, 94:1203; EU leaders and Pres. Obama in agreement on need for bank tax or financial transaction tax, 94:1259; bank tax proposal shelved, 94:1305; France, UK, and Germany joint proposal, 94:1307
– Cross-border cooperation, campaign on regulation and supervision of banking, securities, and insurance sectors, possibility of sanctions, 94:501
– Global financial system reform

– – EU pressure against retreat from agreement on principles, 94:600
– – Failure to complete threat to global recovery, Bank of Canada governor remarks, 95:421

– International banking, Capital Markets Monitor report, IIF warnings, 94:1211
– Regulatory reform, former Canadian finance minister Wilson remarks, 94:1266
– Seoul summit, push for focus on growth, banking, trade, and development issues, 95:33; U.S. under pressure for current account deficits and currency manipulation, 95:851
– Toronto summit, outline of agenda, 94:646; EU push for addition of bank tax to talks, 94:937

GSEs

See GOVERNMENT-SPONSORED ENTERPRISES (GSEs)