By Fed Newswire | Apr 29, 2015
News Release: Information received since the Federal Open Market Committee met in March suggests that economic growth slowed during the winter months, in part reflecting transitory factors. The pace of job gains moderated, and the unemployment rate remained steady. A range of labor market indicators suggests that ...
By Fed Newswire | Apr 28, 2015
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: First Independence Corporation, Independence, Kansas Supervisory Agreement issued by the Office of Thrift Supervision dated Aug. 13, 2010 Terminated April 24, 2015 FirsTier II Bancorp, Cheyenne, ...
By Fed Newswire | Apr 23, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Flathead Holding Company of Bigfork, Bigfork, Montana Written Agreement issued Dec. 14, 2012 Terminated April 20, 2015 PNBK Sponsor LLC, PNBK Investment Partners LLC, PNBK Holdings LLC, and Patriot ...
By Fed Newswire | Apr 20, 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 Chemical Financial Corporation, Midland, to merge with Lake Michigan Financial Corporation, Holland, and thereby indirectly acquire its wholly owned subsidiaries, The Bank of Holland, Holland, and The Bank of Northern Michigan, Petoskey, all of Michigan.
By Fed Newswire | Apr 17, 2015
News Release: The Federal Reserve Board on Friday released additional information on the operating structure of the Large Institution Supervision Coordinating Committee (LISCC) supervisory program. The attached memorandum supplements previously released information regarding the LISCC and provides additional details on the program's organizational structure, including the functions of its subcommittees.
By Fed Newswire | Apr 14, 2015
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from February 9 through March 16, 2015.
By Fed Newswire | Apr 13, 2015
News Release: The Federal Reserve Board on Monday announced that it is accepting Statements of Interest from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The formation of the CAC was announced in January. The council will advise the Board on issues affecting consumers ...
By Fed Newswire | Apr 13, 2015
News Release: The Federal Reserve Board on Monday requested public comment on proposed amendments to Regulation D (Reserve Requirements of Depository Institutions) making technical changes to the calculation of interest payments on certain balances maintained by depository institutions at Federal Reserve Banks. The proposed amendments are a matter of prudent planning and have no implications for the near-term conduct of monetary policy.
By Fed Newswire | Apr 9, 2015
News Release: The Federal Reserve Board on Thursday issued a final rule to expand the applicability of its Small Bank Holding Company Policy Statement and also apply it to certain savings and loan holding companies.
By Fed Newswire | Apr 8, 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 March 17-18, 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 | Apr 6, 2015
News Release: The federal banking agencies will hold an outreach meeting on Monday, May 4, 2015, at the Federal Reserve Bank of Boston as part of their regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). The meeting is the third in a series of outreach sessions that ...
By Fed Newswire | Apr 2, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Orrstown Financial Services, Inc. and Orrstown Bank, both of Shippensburg, Pennsylvania Written Agreement issued March 22, 2012 Terminated April 1, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Mar 31, 2015
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Coast Bancorp, San Luis Obispo, California Written Agreement issued April 22, 2010 Terminated March 26, 2015 Prairie Star Bancshares, Inc., Olathe, Kansas Written Agreement issued Dec. 22, 2010 ...
By Fed Newswire | Mar 31, 2015
News Release: The Federal Reserve Board and the Office of the Comptroller of the Currency today announced that they have permitted Wells Fargo and its subsidiary national banks to begin using the "advanced approaches" capital framework starting in the second quarter of 2015. Under this framework, firms must meet specific ...
By Fed Newswire | Mar 26, 2015
News Release: The use of mobile phones to access bank accounts, credit cards, or other financial accounts continued to increase among adults in the United States last year, according to a Federal Reserve Board report, Consumers and Mobile Financial Services 2015 (PDF). The report is the Board's fourth looking at how ...
By Fed Newswire | Mar 26, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Ocean Bankshares, Inc., Miami, Florida Written Agreement issued Dec. 19, 2008 Terminated March 23, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Mar 26, 2015
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Thursday permanently adjusted the annual resolution plan filing deadline for American International Group, Inc., General Electric Capital Corporation, Inc., MetLife Inc., and Prudential Financial, Inc., from July 1 to December 31 beginning in 2016.
By Fed Newswire | Mar 23, 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 KSRS, LLC, Osceola, to become a bank holding company by retaining control of Bancorp II, Inc., Kansas City, and thereby indirectly retaining control of its subsidiary bank, Citizens Community Bank, Pilot Grove, all of Missouri.
By Fed Newswire | Mar 23, 2015
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday announced that they had completed the reviews of resolution plans submitted in 2014 by three large, foreign banking organizations and had issued feedback letters to each institution.
By Fed Newswire | Mar 20, 2015
News Release: The Federal Reserve System on Friday released the 2014 combined annual financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, Maiden Lane LLC, and the Board of Governors. These financial statements are audited annually by an independent auditing firm and, consistent with prior years, received unmodified audit opinions for 2014.
