By Fed Newswire | Feb 18, 2016
News Release: The Federal Reserve Board on Thursday issued an interim final rule that amends Regulation I to implement provisions of the Fixing America's Surface Transportation (FAST) Act. The FAST Act reduced the dividend rate applicable to Reserve Bank depository institution stockholders with total assets of more ...
By Fed Newswire | Feb 17, 2016
News Release: On Feb. 18, 2016, the Federal Reserve will conduct a floating-rate offering of term deposits with an early withdrawal feature through its Term Deposit Facility (TDF). The Federal Reserve will offer seven-day term deposits with a rate set equal to the sum of the interest rate paid on excess reserves ...
By Fed Newswire | Feb 17, 2016
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 26-27, 2016.
By Fed Newswire | Feb 12, 2016
News Release: The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in February. These operations are aimed at ensuring the operational readiness of the TDF and providing eligible institutions with an opportunity to maintain familiarity with term deposit procedures. The TDF test operations are a matter of prudent planning and have no implications for the near-term conduct of monetary policy.
By Fed Newswire | Feb 11, 2016
News Release: The Federal Reserve Board on Thursday announced the repeal of one regulation and a proposal to repeal a second in order to comply with statutory provisions that transferred certain consumer protection rulewriting authority to the Consumer Financial Protection Bureau (CFPB).
By Fed Newswire | Feb 5, 2016
News Release: The Federal Reserve Board on Friday announced a $131 million penalty against HSBC North America Holdings, Inc. and HSBC Finance Corporation for deficiencies in residential mortgage loan servicing and foreclosure processing. The penalty is being assessed in conjunction with an agreement involving similar deficiencies that HSBC announced Friday with the U.S. Department of Justice, other federal agencies, and the state attorneys general.
By Fed Newswire | Feb 3, 2016
News Release: Louise L. Roseman, director of the Division of Reserve Bank Operations and Payment Systems, will retire later this year after more than 30 years of service to the Federal Reserve Board, including 17 as director.
By Fed Newswire | Feb 2, 2016
News Release: In a report that comes one year after the publication of its Strategies for Improving the U.S. Payment System , the Federal Reserve on Tuesday detailed the progress made and outlined anticipated steps for moving forward with its initiative to enhance payment system speed, efficiency, and security.
By Fed Newswire | Feb 2, 2016
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Asian Financial Corporation and Asian Bank, both of Philadelphia, Pennsylvania Order to Cease and Desist issued Aug. 1, 2012 Terminated Jan. 19, 2016 New Peoples Bankshares, Inc. and New Peoples ...
By Fed Newswire | Jan 29, 2016
News Release: The Federal Reserve Board on Friday extended until March 21, 2016 the comment period for the proposed policy statement detailing the framework the Board would follow in setting the Countercyclical Capital Buffer (CCyB).
By Fed Newswire | Jan 27, 2016
News Release: As part of its annual organizational meeting actions, the Federal Open Market Committee reaffirmed its "Statement on Longer-Run Goals and Monetary Policy Strategy," with a revision to clarify that it views its inflation objective as symmetric, and with an updated reference to participants' estimates of the longer-run normal unemployment rate in the most recent Summary of Economic Projections (December 2015).
By Fed Newswire | Jan 27, 2016
News Release: Information received since the Federal Open Market Committee met in December suggests that labor market conditions improved further even as economic growth slowed late last year. Household spending and business fixed investment have been increasing at moderate rates in recent months, and the housing ...
By Fed Newswire | Jan 21, 2016
News Release: The Federal Reserve Board on Thursday announced that the public comment period has been extended through Feb. 16, 2016, for the notice filed pursuant to section 4 of the Bank Holding Company Act of 1956, as amended, by New York Community Bancorp, Inc., Westbury, to acquire Astoria Financial Corporation, ...
By Fed Newswire | Jan 19, 2016
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Flagship Financial Group, Inc., Eden Prairie, Minnesota Written Agreement issued Aug. 19, 2011 Terminated Jan. 14, 2016 Prospect Financial Corporation, Warwick, Rhode Island Supervisory Agreement ...
By Fed Newswire | Jan 19, 2016
News Release: The Federal Reserve Board on Tuesday announced its approval of the application by Unione di Banche Italiane, S.p.A., Bergamo, Italy, to establish a representative office in New York, New York.
By Fed Newswire | Jan 12, 2016
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from November 23 through Dec. 16, 2015.
By Fed Newswire | Jan 11, 2016
News Release: The Federal Reserve Board on Monday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $97.7 billion of their estimated 2015 net income to the U.S. Treasury. In addition, the Federal Reserve transferred to the Treasury $19.3 billion from Reserve Bank ...
By Fed Newswire | Jan 7, 2016
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Covenant Bancgroup, Inc., Leeds Alabama Written Agreement dated Dec. 28, 2015 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jan 6, 2016
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on December 15-16, 2015. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.
By Fed Newswire | Dec 31, 2015
News Release: The Federal Reserve Board on Thursday announced its approval of the application by Taiwan Business Bank, Ltd., Taipei, Taiwan, to establish a branch in New York, New York.
