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The article focuses on the notice of proposed amendments related to savings bank act by Illinois Department of Financial and Professional Regulation. Topics discussed include executive order for regulatory standards; loans secured by real estate; and initial regulatory flexibility analysis for small businesses.

The article presents a notice of adopted repealer on Illinois Savings and Loan Act of 1985 by the Department of Financial and Professional Regulation. Topics discussed include statutory authority implementing and authorized by Sections 7-3 through 7-27 of the Illinois Savings and Loan Act of 1985 and Section 5-35 of the Illinois Administrative Procedure Act . Also mentioned are the effective date of repealer, and summary and purpose of rulemaking.

An interview with former French Presidential candidate Jacques Cheminade is presented. When asked about the lack of journalistic ethics in the country, Cheminade cites three reasons for the said condition including the domination of tribal spirit in the sector. The presidential candidate also discusses his support on the implementation of the Glass-Steagall law that would separate investment banks from savings banks. Cheminade cites Bretton Woods as an economic system of public credit system.

The article discusses several U.S. banking industry-related lawsuits as of October 2012, including cases involving issues such as duties owed to beneficiaries of an attorney's trust account, regulations on federal savings banks, and the U.S. Federal Farm Loan Act of 1916. In the Massachusetts Supreme Judicial Court case Go-Best Assets Ltd. v. Citizens Bank of Mass., the court deals with an alleged misappropriation of funds.

The article reports that Mitt Romney, the governor of Massachusetts, has approved the banking law Chapter 221 of the Acts of 2006--An Act Relative to State Chartered Banks. The law has increased the lending authority of state chartered banks on loans to senior officers. It has eliminated the requirement that the boards of investment of mutual savings banks must approve all loans, rates of interest, purchases and sales of securities and foreclosures.

The article presents a notice of adopted repealer on board of savings institutions proposed by the Department of Financial and Professional Regulation. Topics discussed include statutory authority implementing and authorized by Sections 7-20 through 7-27 of the Illinois Savings and Loan Act of 1985 and Section 9018 of the Savings Bank Act . Also mentioned are the effective date of repealer, and summary and purpose of rulemaking.

The article discusses the market for securities broadened by the enactment of legislation to place better grade issues on legal list for savings banks and trustees. It also discusses the increased partiality of institutional buyers toward utility obligations. Particular focus is given to the growth of holding companies like the energy company Public Service Corp. of New Jersey, telecommunication company American Telephone and Telegraph Company, and utility company American Gas and Electric Co.

The article focuses on the constitutional amendments have been made for Illinois government agencies. The Chief Procurement Officer for the Illinois Department of Transportation amended procurement and contract provisions including bidding procedures, protest procedures, suspension authority. The Illinois Department of Financial and Professional Regulation adopted amendments which authorize state chartered banks and state chartered savings banks to engage in derivative transactions.

Reports on the implications of bill that would eliminate savings and loans (S&L) for AmerUs Bank, Iowa's largest thrift bank. AmerUs Bank's purchase by Central Life Assurance Co.; Proposed S&Ls' conversion into commercial banks; Restriction that would inhibit growth plans for AmerUs; Depletion of S&L fund when the industry collapsed in 1980s.

The article looks at the efforts by certain activist shareholders to persuade the U.S. Congress to eliminate the voting rights of mutual holding companies. According to the article, these efforts are really attempts to force mutual savings banks and mutual holding companies to convert to stock ownership and ultimately sell out to larger financial institutions, which would maximize the activists' short-term profits.

Focuses on the decision of California lawmakers to postpone their vote on a bill that would create a new state savings bank charter. Criticism from the governor's office on the bill's redundancy; Delay of the voting process until 2000; Support given by the California Bankers Association to the proposed bill.

Highlights the important aspects of a California bill that would create a state savings bank charter. Insertion of amendment that would extend the powers of the new charter to state-chartered commercial banks; California Bankers Association's decision to drop their concern after the inclusion of the amendment; Parity regulation; Broad range of activities that the charter would permit.

Presents information on several news briefs from Washington District of Columbia. Decision by the Federal Reserve not to issue its version of the smart card; Discussion on the introduction of guidelines, relating to saving institutions reporting market value and interset rates in mortgage derivatives; Indepth look at the implementation of an awards program for outstanding microenterprise lenders.