* WASHINGTON (7/20/10)--The Treasury Department is considering appointing board members to government-supported banks that are struggling to make dividend payments to taxpayers (American Banker
July 19). The banks are participants in the Troubled Asset Relief Program. A Treasury spokesperson, Mark Paustenbach, told the Banker
that the department is considering several options to protect taxpayers’ interests, including appointing board members... * WASHINGTON (7/20/10)--Although a proposed bank tax was stripped from the regulatory reform bill, President Barack Obama has indicated that he wants to push for the tax after reform is enacted. The tax would increase to $90 billion from $19 billion. Some policymakers originally did not support the tax as a part of reform, but others say the tax could garner enough support to pass as a separate measure, said American Banker
(July 19). The tax “has a chance,” but it won’t be easy to pass, noted Karen Shaw Petrou, managing director at Federal Financial Analytics Inc. However, Scott Talbott, senior vice president at the Financial Services Roundtable, said that the need for such a tax is decreasing ... * WASHINGTON (7/20/10)--The Federal Reserve Board has released a list
of names of the chairs and deputy chairs for each of the Federal Home Loan Banks. Each bank has a nine-member board of directors. The Fed appoints three of these directors and each year designates one of its appointees as chair and a second as deputy chair ...