By Fed Newswire | Jul 9, 2014
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 17-18, 2014. 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 | Jul 8, 2014
News Release: On July 7, 2014, the Federal Reserve conducted a fixed-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits at an interest rate of 0.30000 percent. Following are the results of the operation: TDF Operation ID: F46 Total Amount Awarded: $152,795,000,000 ...
By Fed Newswire | Jul 7, 2014
News Release: The Federal Reserve Board on Monday published a report regarding the Independent Foreclosure Review (IFR) and the Payment Agreement that replaced the IFR. The Payment Agreement required large mortgage servicers to provide approximately $10 billion in cash payments to eligible borrowers and other foreclosure ...
By Fed Newswire | Jul 3, 2014
News Release: On July 7, 2014, the Federal Reserve will conduct a fixed-rate offering of term deposits through its Term Deposit Facility (TDF). The Federal Reserve will offer seven-day term deposits with an interest rate of 0.30000 percent and a maximum tender amount of $10,000,000,000. As noted in the Federal Reserve ...
By Fed Newswire | Jul 2, 2014
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Wednesday released the public portions of annual resolution plans for 17 financial firms. Each plan must describe the company's strategy for rapid and orderly resolution under the U.S. Bankruptcy Code in the event of material financial distress or failure of the company.
By Fed Newswire | Jul 2, 2014
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that they will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios update data released on July 1, 2013.
By Fed Newswire | Jul 1, 2014
News Release: The Federal Reserve Board on Tuesday announced its approval of the application filed by MB Financial, Inc., Chicago, to acquire Taylor Capital Group, Inc., Rosemont, and thereby indirectly acquire Cole Taylor Bank, Chicago, all of Illinois.
By Fed Newswire | Jul 1, 2014
News Release: On June 30, 2014, the Federal Reserve conducted a fixed-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits at an interest rate of 0.29000 percent. Following are the results of the operation: TDF Operation ID: F45 Total Amount Awarded: $124,887,010,000 ...
By Fed Newswire | Jul 1, 2014
News Release: The Federal Reserve Board on Tuesday issued a consent order to cease and desist and a civil money penalty assessment of $3,510,000 against Cole Taylor Bank of Chicago, Illinois. The order addresses the participation by the bank and its agent, Higher One, Inc. of New Haven, Connecticut (Higher One), in deceptive practices in violation of section 5 of the Federal Trade Commission Act.
By Fed Newswire | Jul 1, 2014
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Turkiye Cumhuriyeti Ziraat Bankasi A.S., Ankara, Turkey and Turkiye Cumhuriyeti Ziraat Bankasi A.S. New York Branch (PDF), New York, New York Written Agreement dated June 25, 2014 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jul 1, 2014
News Release: Four federal financial institutions regulatory agencies and the Conference of State Bank Supervisors (CSBS) today issued guidance to financial institutions regarding home equity lines of credit (HELOCs) nearing their "end-of-draw" periods, which occurs when the principal amount of the HELOC must begin ...
By Fed Newswire | Jun 30, 2014
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act by First Interstate BancSystem, Inc., Billings, Montana, to merge with Mountain West Financial Corp. and thereby indirectly acquire Mountain West Bank, N.A., both of Helena, Montana.
By Fed Newswire | Jun 30, 2014
News Release: The Federal Reserve on Monday announced a $508 million penalty against BNP Paribas, S.A., Paris, France--the largest penalty ever assessed by the agency--for violations of U.S. sanctions laws. The Federal Reserve also issued a joint cease and desist order with the Autorité de Contrôle et de Prudentiel ...
By Fed Newswire | Jun 30, 2014
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2014 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization ...
By Fed Newswire | Jun 26, 2014
News Release: On June 30, 2014, the Federal Reserve will conduct a fixed-rate offering of term deposits through its Term Deposit Facility (TDF). The Federal Reserve will offer seven-day term deposits with an interest rate of 0.29000 percent and a maximum tender amount of $10,000,000,000. As noted in the Federal Reserve ...
By Fed Newswire | Jun 26, 2014
News Release: The Federal Reserve Board today announced the availability of data that can be used to evaluate the individual systemic footprint of 33 large U.S. bank holding companies. The data will help to ensure comparability when evaluating the systemic risk profile of each banking organization.
By Fed Newswire | Jun 25, 2014
News Release: The Federal Reserve Board on Wednesday announced that Regions Bank, Birmingham, Alabama, will pay a $46 million penalty for misconduct related to the process followed by the bank in the first quarter of 2009 for identifying and reporting non-accrual loans. The Federal Reserve also issued a consent order ...
By Fed Newswire | Jun 24, 2014
News Release: On June 23, 2014, the Federal Reserve conducted a fixed-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits at an interest rate of 0.28000 percent. Following are the results of the operation: TDF Operation ID: F44 Total Amount Awarded: $92,420,010,000 ...
By Fed Newswire | Jun 24, 2014
News Release: The Federal Reserve on Tuesday announced that it has extended the deadline for capital plan resubmissions by Citigroup, Inc., HSBC North America Holdings, Inc., RBS Citizens, Inc., and Santander Holdings USA, Inc. Originally, the firms were required to re-submit the capital plans by June 26, 2014. Now, ...
By Fed Newswire | Jun 19, 2014
News Release: On June 23, 2014, the Federal Reserve will conduct a fixed-rate offering of term deposits through its Term Deposit Facility (TDF). The Federal Reserve will offer seven-day term deposits with an interest rate of 0.28000 percent and a maximum tender amount of $10,000,000,000. As noted in the Federal Reserve ...
