By Fed Newswire | Dec 30, 2015
News Release: The Federal Reserve Board on Wednesday announced its approval of the application filed by Chemical Bank, Midland, Michigan, to establish a mobile branch in several counties in Michigan.
By Fed Newswire | Dec 24, 2015
News Release: The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by BB&T Corporation, Winston-Salem, North Carolina, to acquire National Penn Bancshares, Inc., and thereby indirectly acquire its wholly owned subsidiary, National Penn Bank, both of Allentown, Pennsylvania.
By Fed Newswire | Dec 23, 2015
News Release: The Federal Reserve Board on Wednesday announced that the public comment period has been extended through Jan. 31, 2016, for the application by KeyCorp, Cleveland, Ohio, to acquire First Niagara Financial Group, Inc., and thereby acquire control of its subsidiary bank, First Niagara Bank, National ...
By Fed Newswire | Dec 23, 2015
News Release: The Federal Reserve Board on Wednesday assessed a civil money penalty and issued a consent order to cease and desist against Higher One, Inc. of New Haven, Connecticut (Higher One). The order addresses deceptive practices by Higher One that misled students who obtained financial aid disbursements from ...
By Fed Newswire | Dec 22, 2015
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Calumet County Bank (PDF), Brillion, Wisconsin Written Agreement dated Dec. 17, 2015 For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 22, 2015
News Release: The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations.
By Fed Newswire | Dec 21, 2015
News Release: The Federal Reserve Board on Monday announced it is seeking public comment on a proposed policy statement detailing the framework the Board would follow in setting the Countercyclical Capital Buffer (CCyB).
By Fed Newswire | Dec 21, 2015
News Release: The Federal Reserve Board on Monday released guidance to its examiners and banking institutions that consolidates the capital planning expectations for all large financial institutions and clarifies differences in those expectations based on firm size and complexity. The guidance is designed to tailor the Federal Reserve's expectations for large financial institutions.
By Fed Newswire | Dec 18, 2015
News Release: The federal banking agencies today issued a statement to reinforce prudent risk-management practices related to commercial real estate (CRE) lending.
By Fed Newswire | Dec 17, 2015
News Release: The Federal Reserve Board has approved action on Thursday by the Board of Directors of the Federal Reserve Bank of Minneapolis, increasing the discount rate (the primary credit rate) at the Bank from 3/4 percent to 1 percent, effective immediately.
By Fed Newswire | Dec 17, 2015
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Habib Bank Limited (PDF), Karachi, Pakistan and Habib Bank Limited New York Branch, New York, New York Cease and Desist Order dated Dec. 11, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 17, 2015
News Release: The federal banking agencies approved a notice requesting comment on the fourth and final set of regulatory categories as part of their review to identify outdated or unnecessary regulations applied to insured depository institutions.
By Fed Newswire | Dec 16, 2015
News Release: The Federal Reserve Board on Wednesday approved action by the Board of Directors of the Federal Reserve Bank of New York, increasing the discount rate (the primary credit rate) at the Bank from 3/4 percent to 1 percent, effective Dec. 17, 2015.
By Fed Newswire | Dec 16, 2015
News Release: The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the December 15-16 meeting.
By Fed Newswire | Dec 16, 2015
News Release: Information received since the Federal Open Market Committee met in October suggests that economic activity has been expanding at a moderate pace. Household spending and business fixed investment have been increasing at solid rates in recent months, and the housing sector has improved further; however, ...
By Fed Newswire | Dec 15, 2015
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Mid State Banks Inc., Hawkinsville, Georgia Written Agreement issued June 2, 2010 Terminated December 9, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 10, 2015
News Release: The Basel Committee on Banking Supervision (BCBS) today published a consultative paper, "Revisions to the Standardized Approach for credit risk," which is the committee's second consultative paper on the topic. These proposed revisions would apply primarily to large, internationally active banking organizations and not to community banking organizations.
By Fed Newswire | Dec 10, 2015
News Release: The Federal Reserve Board on Thursday announced that it has not objected to the resubmitted capital plan from the Bank of America Corporation.
By Fed Newswire | Dec 4, 2015
News Release: The Federal Reserve Board on Friday announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2016.
By Fed Newswire | Dec 4, 2015
News Release: The Federal Reserve Board on Friday issued a final rule providing information about how to apply the Board's revised capital framework issued in June 2013 to depository institution holding companies that are not organized as traditional stock corporations.
