By Fed Newswire | Feb 18, 2015
News Release: On Feb. 19, 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 21-day term deposits with a rate set equal to the sum of the interest rate paid on excess reserves ...
By Fed Newswire | Feb 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 January 27-28, 2015.
By Fed Newswire | Feb 18, 2015
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation on Wednesday announced that they are extending the resolution plan submission deadline for American International Group, Inc., General Electric Capital Corporation, Inc., and Prudential Financial, Inc. The three organizations will be required to submit their second annual plans by Dec. 31, 2015, instead of July 1, 2015.
By Fed Newswire | Feb 18, 2015
News Release: Replacement checks are being mailed this week to borrowers eligible for payment under the Independent Foreclosure Review Payment Agreements and who have not yet cashed or deposited their check, the Federal Reserve Board and the Office of the Comptroller of the Currency announced Wednesday. The checks are being sent by the paying agent, Rust Consulting, Inc., to replace uncashed checks that have now expired.
By Fed Newswire | Feb 12, 2015
News Release: The Federal Reserve Board on Thursday announced its approval of the application by Simmons First National Corporation, Pine Bluff, Arkansas, to merge with Community First Bancshares, Inc., and thereby indirectly acquire First State Bank, both of Union City, Tennessee. The Board also announced its approval ...
By Fed Newswire | Feb 12, 2015
News Release: On Feb. 12, 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. Following ...
By Fed Newswire | Feb 12, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Macon Bancorp, Franklin, North Carolina Written Agreement issued July 20, 2012 Terminated Nov. 13, 2014 Search of Federal Reserve enforcement actions.
By Fed Newswire | Feb 12, 2015
News Release: The Federal Reserve Board on Thursday announced that results from the latest supervisory stress tests conducted as part of the Dodd-Frank Act will be released on Thursday, March 5, and the related results from the Comprehensive Capital Analysis and Review (CCAR), will be released on Wednesday, March 11. Results for both exercises will be released at 4:30 p.m.
By Fed Newswire | Feb 11, 2015
News Release: On Feb. 12, 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 21-day term deposits with a rate set equal to the sum of the interest rate paid on excess reserves ...
By Fed Newswire | Feb 6, 2015
News Release: The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Friday announced a joint public meeting on the proposal for CIT Group, Inc., Livingston, New Jersey, to acquire IMB Holdco and its subsidiary, OneWest Bank, National Association, both of Pasadena, California. The proposal also includes the merger of CIT Bank into OneWest Bank.
By Fed Newswire | Feb 5, 2015
News Release: On February 5, 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 5, 2015
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: FNB Bancorp, Layton, Utah Written Agreement issued March 3, 2010 Terminated Feb. 3, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Feb 4, 2015
News Release: On February 5, 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 21-day term deposits with a rate set equal to the sum of the interest rate paid on excess reserves (currently ...
By Fed Newswire | Feb 2, 2015
News Release: As part of operational testing of the Term Deposit Facility (TDF), the Federal Reserve plans to conduct a series of three weekly TDF operations in February that offer 21-day term deposits with an early withdrawal feature. Term deposits in this series will settle on the same day the operation is executed, eliminating the three-day lag between the execution of an operation and settlement in previous tests.
By Fed Newswire | Jan 29, 2015
News Release: The Federal Reserve Board on Thursday invited public comment on a proposed rule to expand the applicability of the Board's Small Bank Holding Company Policy Statement (Policy Statement) for small bank holding companies as well as certain savings and loan holding companies. Additionally, the Board announced reduced reporting requirements for certain bank holding companies and savings and loan holding companies.
By Fed Newswire | Jan 29, 2015
News Release: Federal financial regulatory agencies, in partnership with the State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council, today issued guidance for financial institutions on private student loans with graduated repayment terms at origination.
By Fed Newswire | Jan 28, 2015
News Release: Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests ...
By Fed Newswire | Jan 26, 2015
News Release: Federal Reserve Issues "Strategies for Improving the U.S. Payment System" The Federal Reserve today issued "Strategies for Improving the U.S. Payment System," which presents a multi-faceted plan for collaborating with payment system stakeholders including large and small businesses, emerging payments firms, card networks, payment processors, consumers and financial institutions to enhance the speed, safety and efficiency of the U.S. payment system.
By Fed Newswire | Jan 16, 2015
News Release: The Federal Reserve Board on Friday announced the formation of a new advisory council that will be comprised of individuals with consumer- and community development-related expertise. The Community Advisory Council (CAC) will provide information, advice, and recommendations to the Board on a wide range of relevant policy matters and emerging issues of interest.
By Fed Newswire | Jan 15, 2015
News Release: The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by Hillister Enterprises, II, Inc., Umphrey II Family Limited Partnership, both of Beaumont, Texas, and CBFH, Inc., Orange, Texas, to acquire MC Bancshares, Inc. and thereby indirectly acquire its subsidiary, Memorial City Bank, both of Houston, Texas.
