In This Issue:

- Fed "Reviewing" Banks' Trading in Physical Commodity Markets

- Senate Passes Student Loan Bill With House Expected to Follow Suit

- Senators Introduce 21st Century Glass-Steagall Act

- Regulators Push for Tougher Bank Capital Standards than Basel

- Senators Ask CFPB to Examine ATM-Style Pay Cards

- Banks Adding Risk Experts to Boards Per Dodd-Frank Rules

Excerpt from Fed "Reviewing" Banks' Trading in Physical Commodity Markets:

The Federal Reserve is "reviewing" a landmark 2003 decision that first allowed regulatedbanks to trade in physical commodity markets, it said, a move that may send newshockwaves through Wall Street. The one-sentence statement suggests the Fed is taking a much deeper, wide-ranging look at how banks operate in commodity marketsthan previously believed, amid intensifying scrutiny of everything from electricity tradingto metals warehouses.

Please see full E-Note below for more information.

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