Kansas City Fed Announces Director Appointments and Election Results
The Federal Reserve Bank of Kansas City announced the following director appointments for the Omaha branch: Clark Lauritzen, chairman and president, First National Bank of Omaha; Joanne Li, chancellor, University of Nebraska at Omaha; and L. Javier Fernandez, president and chief executive officer, Omaha Public Power District. In addition, Paul Maass, chief executive officer of Omaha-based Scoular, was elected as a director for the Kansas Ctiy headquarters office.
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FinCEN Releases Proposed Beneficial Ownership Data Collection Rule
The Financial Crimes Enforcement Network (FinCEN) issued a proposed rule regarding the reporting process used to collect beneficial ownership data from reporting companies. Comments on the proposal are due March 20.
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Office of Financial Research: Risks to Financial Stability Increasing
According to the Office of Financial Research's annual report to Congress, multiple factors have increased overall risks to U.S. financial stability over the past year, however, the banking sector remains well-capitalized and maintains risk-based capital ratios above regulatory requirments.
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