IntroductionAt the close of each quarter, the Department of Business Oversight, acting as the Administrator of Local Agency Security sends financial institutions a notice to file their Called Report of Local Agency Deposits and Securities by the due date. Starting... Read MoreRead more about Local Agency Security Letter, Second Quarter 2017
June 30, 2017Second Call 2017TO THE MANAGERS OF ALL CALIFORNIA AGENCIES/BRANCHES OF FOREIGN BANKS:Dear Sir or Madam:General InstructionsBoth the FFIEC 002 forms and the Report of Income must be emailed to callreport@dbo.ca.gov by Monday, July 31, 2017. Banks making... Read MoreRead more about DBO – Call Report – Second Quarter 2017 – Agencies and Branches of Foreign Banking Organizations
June 30, 2017TO: PRESIDENTS OF DBO-LICENSED TRUST COMPANIES:Subject: SECOND CALL 2017Steps to Download and File Call Report Forms1. To begin, open https://dfpi.ca.gov/forms/trust_companies/default.asp in your Web browser. Alternatively, to navigate to the form from... Read MoreRead more about DBO – Call Report – Second Quarter 2017 – Trust Companies
The Department of Business Oversight (DBO) has been notified of an individual, “Frank Oliviera” doing business as several companies falsely claiming to be DBO escrow licensees “Oakwood Escrow Inc.” and “American Trust Escrow.”The perpetrators are using the names... Read MoreRead more about “Frank Oliviera,” “America Trust Escrow” and “Oakwood Escrows” Falsely Claim to be DBO Licensees in Fraudulent Craigslist Ads
Monthly BulletinCalifornia Department of Business OversightVolume 4, Number 11 – June 2017DBO to Change Survey ProceduresThe Department of Business Oversight (DBO) is changing the way it conducts surveys.The following are currently conducted using a Web-based software... Read MoreRead more about Monthly Bulletin Volume 04 Issue 11