By Fed Newswire | Dec 3, 2015
News Release: On Dec. 3, 2015, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point.
By Fed Newswire | Dec 3, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Columbus Junction State Bank, Columbus Junction, Iowa Written Agreement issued May 22, 2014 Terminated Nov. 1, 2015* Search of Federal Reserve enforcement actions.
By Fed Newswire | Dec 2, 2015
News Release: Pace University won the 12th annual national College Fed Challenge on Wednesday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from New York, N.Y., represented the New York Federal Reserve District and included Katherine Craig, Daniella Gambino, Omar Habib, Melissa Navas, and Yuliya Palianok.
By Fed Newswire | Dec 2, 2015
News Release: On Dec. 3, 2015, 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 | Nov 30, 2015
News Release: The Federal Reserve Board on Monday approved a final rule specifying its procedures for emergency lending under Section 13(3) of the Federal Reserve Act. Since the passage of the Dodd-Frank Act in 2010, the Board's authority to engage in emergency lending has been limited to programs and facilities with ...
By Fed Newswire | Nov 25, 2015
News Release: The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2016. These thresholds are set pursuant ...
By Fed Newswire | Nov 25, 2015
News Release: The Consumer Financial Protection Bureau (CFPB), Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2016 will remain $25,500.
By Fed Newswire | Nov 25, 2015
News Release: The Federal Reserve Board on Wednesday approved a final rule to modify its capital plan and stress testing rules. The changes would take effect for the 2016 capital plan and stress testing cycle.
By Fed Newswire | Nov 24, 2015
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meeting on Oct. 26, 2015.
By Fed Newswire | Nov 24, 2015
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below: Tri-County Bank (PDF), Brown City, Michigan Order of Assessment of a Civil Money Penalty, dated Nov. 18, 2015 The Bank of Monroe (PDF), Union, West Virginia Order of Assessment of a Civil Money Penalty, dated Nov. 23, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Nov 24, 2015
News Release: The Federal Reserve Board on Tuesday announced that it is implementing several recommendations to enhance the supervision of large and complex banking organizations. The recommendations were developed after an extensive review of Reserve Bank procedures for supporting consistent and sound supervisory decisions as well as methods used by Reserve Banks to resolve differing staff opinions related to the supervision of large and complex firms.
By Fed Newswire | Nov 24, 2015
News Release: The Federal Reserve Board on Tuesday proposed a rule requiring large banking organizations to publicly disclose several measures of their liquidity profile. These measures will be the first required public disclosure of a quantitative liquidity risk metric for large banking organizations.
By Fed Newswire | Nov 19, 2015
News Release: The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in December. These test 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. TDF test operations are a matter of prudent planning and have no implications for the near-term conduct of monetary policy.
By Fed Newswire | Nov 19, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Regent Bancorp, Inc., Davie, Florida Written Agreement issued April 25, 2011 Terminated Nov. 10, 2015 Jones Bancshares, L.P. and PrimeSouth Bancshares, Inc., both of Waycross, Georgia Written Agreement issued July 12, 2011 Terminated Nov. 13, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Nov 19, 2015
News Release: The Federal Reserve Board on Thursday announced a plan to redistribute unclaimed funds under the Independent Foreclosure Review Payment Agreement to eligible borrowers who have cashed or deposited checks. The plan covers borrowers of mortgage servicers regulated by the Federal Reserve.
By Fed Newswire | Nov 18, 2015
News Release: The Federal Reserve Board on Wednesday announced its approval of the application by Community Bank System, Inc., DeWitt, New York, to acquire Oneida Financial Corp., and thereby indirectly acquire Oneida Savings Bank, both of Oneida, New York, and State Bank of Chittenango, Chittenango, New York.
By Fed Newswire | Nov 18, 2015
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 27-28, 2015.
By Fed Newswire | Nov 16, 2015
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act by Baylake Corp., Sturgeon Bay, to merge with NEW Bancshares, Inc., Kewaunee, and thereby indirectly acquire its subsidiary bank, Union State Bank, Kewaunee, all of Wisconsin. ...
By Fed Newswire | Nov 13, 2015
News Release: The federal banking agencies will hold an outreach meeting on Wednesday, Dec. 2, 2015, at the Federal Deposit Insurance Corporation (FDIC) in Arlington, Va., as part of their regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). The meeting is the sixth and final in a series of outreach sessions that the FDIC, the Federal Reserve Board, and the Office of the Comptroller of the Currency have held throughout the country.
By Fed Newswire | Nov 13, 2015
News Release: The Federal Reserve Board on Friday announced its approval of the applications under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by Farmers Bank of Northern Missouri, Unionville, Missouri, to merge with Flowers National Bank, Cainsville, Missouri, and to establish branches at the locations of Flowers National Bank.
