Skip to content


Friday, October 1, 2004

Agencies Issue New Bank Secrecy Act Examination Procedures

The federal regulatory agencies have issued Bank Secrecy Act examination procedures to use when examining all domestic and foreign banking organizations' customer identification programs (CIP), which are required by Section 326 of the U.S.A. Patriot Act. These procedures are designed to:

  • help financial institutions fully implement the new CIP requirements and
  • facilitate a consistent supervisory approach among the federal financial institutions regulatory agencies.

More information can be found at You can also contact Timothy A. Bosch at (314) 444-8440 or 1-800-333-0810, ext. 44-8440.

Int'l Banking Institutions Launch Quarterly Journal

The Federal Reserve Board is jointly sponsoring the International Journal of Central Banking, a refereed journal publishing high-quality research about all aspects of central banking. The sponsors have issued a call for papers and hope to produce the first issue in early 2005. Federal Reserve Gov. Ben S. Bernanke is serving as the first managing editor.

The Bank for International Settlements will host the journal's web site, which will be accessible to readers free of charge. Print copies will be available by subscription. More information can be found on our web site,