By Fed Newswire | Jun 19, 2015
News Release: The Federal Reserve Board on Friday announced that Brian F. Madigan has been appointed secretary of the Federal Open Market Committee (FOMC) and deputy director of the Board's Division of Monetary Affairs.
By Fed Newswire | Jun 18, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Prime Pacific Financial Services, Inc., Lynnwood, Washington Written Agreement issued Dec. 30, 2009 Terminated June 16, 2015 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jun 18, 2015
News Release: The Federal Reserve Board on Thursday announced the approval of a final rule amending Regulation D (Reserve Requirements of Depository Institutions) to make changes to the calculation of interest payments on excess balances maintained by depository institutions at Federal Reserve Banks. The final rule is a matter of prudent planning and has no implications for the near-term conduct of monetary policy.
By Fed Newswire | Jun 17, 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 June 16-17 meeting.
By Fed Newswire | Jun 17, 2015
News Release: Information received since the Federal Open Market Committee met in April suggests that economic activity has been expanding moderately after having changed little during the first quarter. The pace of job gains picked up while the unemployment rate remained steady. On balance, a range of labor market ...
By Fed Newswire | Jun 16, 2015
News Release: The Federal Reserve Board on Monday, June 15, approved the application under section 3 of the Bank Holding Company Act by Merchants & Farmers Bancshares, Inc., to acquire Vernon Bancshares, Inc., and thereby indirectly acquire The Vernon Bank, all of Leesville, Louisiana.
By Fed Newswire | Jun 16, 2015
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Commerce Bank and Trust Holding Company Employee Stock Ownership Plan, and Commerce Bank and Trust Holding Company, both of Topeka, Kansas Written Agreement issued May 23, 2013 Terminated June 10, 2015 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jun 16, 2015
News Release: The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today finalized revisions to the regulatory capital rules adopted in July 2013.
By Fed Newswire | Jun 15, 2015
News Release: The Federal Reserve strongly believes that its actions in the AIG rescue during the height of the financial crisis in 2008 were legal, proper and effective. The court's decision today in Starr International Company, Inc. v. the United States recognizes that AIG's shareholders are not entitled to compensation ...
By Fed Newswire | Jun 15, 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 Sterling Bancorp, Montebello, New York, to acquire Hudson Valley Holding Corporation and thereby indirectly acquire its wholly owned subsidiary, Hudson Valley Bank, National Association, both of Yonkers, New York.
By Fed Newswire | Jun 11, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: MNB Holdings Corporation, San Francisco, California Written Agreement issued Aug. 23, 2012 Terminated June 8, 2015 Oregon Pacific Bancorp and Oregon Pacific Bank, both of Florence, Oregon Written Agreement issued July 23, 2010 Terminated June 8, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jun 9, 2015
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: First Utah Bank, Salt Lake City, Utah Written Agreement issued Sept. 23, 2009 Terminated June 2, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jun 9, 2015
News Release: Federal agencies today issued a final interagency policy statement establishing joint standards for assessing the diversity policies and practices of the entities they regulate.
By Fed Newswire | Jun 4, 2015
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: BCBank (PDF), Incorporated, Philippi, West Virginia Order of assessment of civil money penalty dated June 1, 2015 First Iowa State Bank (PDF), Keosauqua, Iowa Order of assessment of civil money penalty dated June 1, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jun 3, 2015
News Release: The Federal Reserve Board on Wednesday 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 The Bank of Kentucky Financial Corporation and thereby indirectly acquire its wholly owned subsidiary, The Bank of Kentucky, Inc., both of Crestview Hills, Kentucky. Attached is the Board's Order relating to this action.
By Fed Newswire | Jun 2, 2015
News Release: Federal banking agencies today reiterated the disclosure requirements for the annual stress tests conducted by financial institutions with total consolidated assets between $10 billion and $50 billion.
By Fed Newswire | Jun 1, 2015
News Release: The Federal Reserve Board on Monday announced the execution of the enforcement action listed below: State Street Corporation and State Street Bank and Trust Company (PDF), both of Boston, Massachusetts Written Agreement dated May 28, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | May 29, 2015
News Release: The federal bank regulatory agencies on Friday approved a notice requesting comment on a third set of regulatory categories as part of their review to identify outdated or unnecessary regulations applied to insured depository institutions.
By Fed Newswire | May 29, 2015
News Release: Federal Reserve Names Payments Strategy Director to Lead Payment System Improvement The Federal Reserve today named Gordon Werkema as Payments Strategy Director with responsibility for leading major payment system improvement initiatives described in its recently published "Strategies for Improving the ...
By Fed Newswire | May 28, 2015
News Release: On May 28, 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.
