By Fed Newswire | Aug 19, 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 July 28-29, 2015.
By Fed Newswire | Aug 13, 2015
News Release: On Aug. 13, 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. Following ...
By Fed Newswire | Aug 12, 2015
News Release: On Aug. 13, 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 | Aug 11, 2015
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Cecil Bank (PDF), Elkton, Maryland Prompt Corrective Action Directive dated August 7, 2015 The Federal Reserve Board also announced the termination of the enforcement action listed below: Philippine National ...
By Fed Newswire | Aug 10, 2015
News Release: The Federal Reserve Board on Monday clarified Regulation II (Debit Card Interchange Fees and Routing) regarding the inclusion of transaction-monitoring costs in the interchange fee standard.
By Fed Newswire | Aug 6, 2015
News Release: On August 6, 2015, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered 14-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 | Aug 6, 2015
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: OSB Community Bank (PDF), Brooklyn, Michigan Written Agreement dated July 30, 2015 Search of Federal Reserve enforcement actions.
By Fed Newswire | Aug 5, 2015
News Release: On August 6, 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 14-day term deposits with a rate set equal to the sum of the interest rate paid on excess reserves (currently ...
By Fed Newswire | Aug 4, 2015
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Four Oaks Bank & Trust Company (PDF), Four Oaks, North Carolina Written Agreement dated July 30, 2015 The Federal Reserve Board also announced the termination of the enforcement action listed below: Four ...
By Fed Newswire | Aug 3, 2015
News Release: The Federal Reserve plans to continue periodic testing of Term Deposit Facility (TDF) operations in August. 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 | Jul 30, 2015
News Release: The Federal Reserve System on Thursday announced the appointment of Federal Reserve Bank of Chicago Senior Vice President Sean Rodriguez as its Faster Payments Strategy Leader. In this role, Rodriguez will lead activities to identify effective approaches for implementing a safe, ubiquitous, faster payments capability in the United States.
By Fed Newswire | Jul 29, 2015
News Release: Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net ...
By Fed Newswire | Jul 28, 2015
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Tuesday provided guidance to 119 firms that in December will be filing updated resolution plans. Based on a review of their plans submitted late last year, the agencies are tailoring the requirements for the submissions. Some firms will receive individual feedback on areas for improvement.
By Fed Newswire | Jul 28, 2015
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Tuesday provided feedback to three nonbank financial companies regarding their initial resolution plans and guidance to the firms for their upcoming filings.
By Fed Newswire | Jul 24, 2015
News Release: The Federal Reserve Board on Friday supplemented an earlier release by providing Board staff projections prepared for the June 16-17 meeting of the Federal Open Market Committee.
By Fed Newswire | Jul 24, 2015
News Release: Economic projections prepared by Federal Reserve Board staff as background for the June 16-17, 2015, meeting of the Federal Open Market Committee (FOMC) were inadvertently included in a computer file posted to the Board's public website on June 29. Because the information has already been released, the ...
By Fed Newswire | Jul 21, 2015
News Release: The Federal Reserve on Tuesday announced the members of the steering committees of both the Faster Payments Task Force and Secure Payments Task Force described in the Strategies for Improving the U.S. Payment System paper released in January 2015. Representatives were elected by the membership to represent ...
By Fed Newswire | Jul 21, 2015
News Release: The Federal Reserve Board on Tuesday announced its approval of the application under section 3 of the Bank Holding Company Act by CIT Group, Inc., Livingston, New Jersey, to acquire IMB Holdco LLC and thereby indirectly acquire its wholly owned subsidiary, OneWest Bank, National Association, both of Pasadena, California.
By Fed Newswire | Jul 21, 2015
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: China Construction Bank Corporation, Beijing, People's Republic of China, and China Construction Bank New York Branch (PDF), New York, New York Written Agreement dated July 16, 2015 The Federal Reserve Board ...
By Fed Newswire | Jul 20, 2015
News Release: The Federal Reserve Board on Monday issued a final order that establishes enhanced prudential standards for General Electric Capital Corporation (GECC), a nonbank financial company designated by the Financial Stability Oversight Council (FSOC) for supervision by the Board.
