By Fed Newswire | Mar 18, 2015
News Release: Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. A range of labor market indicators suggests that underutilization of labor ...
By Fed Newswire | Mar 18, 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 Reserve Board members and Federal Reserve Bank presidents for the March 17-18 meeting of the Federal Open Market Committee.
By Fed Newswire | Mar 16, 2015
News Release: The Federal Reserve on Monday released details for participation in two task forces described in its recently published "Strategies for Improving the U.S. Payment System" paper. The Faster Payments Task Force and Secure Payments Task Force are open to all interested stakeholders with relevant payment knowledge and experience who can commit the required time and resources to these key initiatives.
By Fed Newswire | Mar 16, 2015
News Release: The Federal Reserve Board on Monday announced a proposal that would require banking organizations to include their existing Legal Entity Identifiers (LEIs) on certain regulatory reporting forms. The LEI is a unique reference code to enable easier identification of a firm's legal entities.
By Fed Newswire | Mar 12, 2015
News Release: The Federal Reserve Board on Thursday announced a $200 million penalty and consent cease and desist order against Commerzbank AG, of Frankfurt am Main, Germany, relating to violations of U.S. sanctions, the Bank Secrecy Act, and other anti-money laundering laws. The order requires Commerzbank, including its branch in New York, to implement an enhanced program to ensure global compliance with U.S. sanctions and anti-money laundering laws.
By Fed Newswire | Mar 12, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Citizens Bancshares of Woodville, Inc., Hudson, Wisconsin Written Agreement issued March 31, 2010 Terminated March 10, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Mar 11, 2015
News Release: The Federal Reserve on Wednesday announced it has not objected to the capital plans of 28 bank holding companies participating in the Comprehensive Capital Analysis and Review (CCAR). One institution received a conditional non-objection based on qualitative grounds, and the Federal Reserve objected to two firms' plans on qualitative grounds.
By Fed Newswire | Mar 5, 2015
News Release: The largest U.S.-based bank holding companies continue to build their capital levels and to strengthen their ability to lend to households and businesses during a period marked by severe recession and financial market volatility, according to the results of supervisory stress tests announced by the Federal Reserve on Thursday.
By Fed Newswire | Feb 27, 2015
News Release: The Federal Reserve Board on Friday announced its approval of the applications by Banco Popular North America, New York, New York, to (1) acquire certain assets and assume certain liabilities from Doral Bank, San Juan, Puerto Rico, pursuant to section 18(c) of the Federal Deposit Insurance Act; and (2) establish and operate branches at the locations of the acquired branches of Doral Bank, pursuant to section 9 of the Federal Reserve Act.
By Fed Newswire | Feb 27, 2015
News Release: The Federal Reserve Board on Friday announced its approval of the applications by Banco Popular de Puerto Rico, Hato Rey, Puerto Rico, to (1) acquire certain assets and assume certain liabilities from Doral Bank, San Juan, Puerto Rico, pursuant to section 18(c) of the Federal Deposit Insurance Act; and (2) establish and operate branches at the locations of the acquired branches of Doral Bank, pursuant to section 9 of the Federal Reserve Act.
By Fed Newswire | Feb 27, 2015
News Release: The Federal Reserve Board on Friday announced its approval of the applications by Centennial Bank, Conway, Arkansas, to (1) acquire certain assets and assume certain liabilities from Doral Bank, San Juan, Puerto Rico, pursuant to section 18(c) of the Federal Deposit Insurance Act; and (2) establish and operate branches at the locations of the acquired branches of Doral Bank, pursuant to section 9 of the Federal Reserve Act.
By Fed Newswire | Feb 26, 2015
News Release: The Federal Reserve Board on Thursday extended until April 3 the comment period for its proposed rule to implement capital surcharges for the largest, most systemically important U.S. bank holding companies.
By Fed Newswire | Feb 24, 2015
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meeting on Jan. 26, 2015.
By Fed Newswire | Feb 24, 2015
News Release: Five federal financial regulatory agencies today issued guidance to encourage federally insured depository institutions to offer youth savings programs to expand the financial capability of young people. The guidance also provides answers to frequently asked questions related to the establishment of these programs.
By Fed Newswire | Feb 20, 2015
News Release: The Federal Reserve Board on Friday announced its approval of the application by Taiwan Cooperative Bank, Ltd., Taipei, Taiwan, to establish a branch in New York, New York.
By Fed Newswire | Feb 20, 2015
News Release: The Federal Reserve Board on Friday, announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Sumitomo Mitsui Financial Group, Inc., and Sumitomo Mitsui Banking Corporation, both of Tokyo, Japan, to acquire up to 19.9 percent of the voting shares of The Bank of East Asia, Limited, Hong Kong S.A.R., People's Republic of China.
By Fed Newswire | Feb 20, 2015
News Release: The federal bank regulatory agencies requested comment on a second set of regulatory categories as part of their review to identify outdated or unnecessary regulations applied to insured depository institutions.
By Fed Newswire | Feb 19, 2015
News Release: On Feb. 19, 2015, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered 21-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 3 basis points.
By Fed Newswire | Feb 18, 2015
News Release: The Federal Reserve Board announced on Wednesday its approval of the applications under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by First Farmers Bank & Trust, Converse, Indiana, to merge with First National Bank of Chrisman, Chrisman, Illinois, and to establish a branch at the location of First National Bank of Chrisman.
By Fed Newswire | Feb 18, 2015
News Release: The Federal Reserve Board announced on Wednesday its approval of the application under section 3 of the Bank Holding Company Act by IBERIABANK Corporation, Lafayette, Louisiana, to acquire Florida Bank Group, Inc., and its wholly owned subsidiary, Florida Bank, both of Tampa, Florida. The Board also ...
