By Fed Newswire | Feb 3, 2014
News Release: Janet L. Yellen on Monday took the oath of office as Chair of the Board of Governors of the Federal Reserve System. The oath was administered by Governor Daniel K. Tarullo in the Board Room.
By Fed Newswire | Jan 30, 2014
News Release: The Federal Open Market Committee, at its annual organizational meeting this week, unanimously selected Janet L. Yellen to serve as its Chair, effective Feb. 1, 2014. She is scheduled to be sworn in as Chair of the Board of Governors of the Federal Reserve System at 9 a.m. EST February 3. She will remain as Board Vice Chair over the weekend, with the authority to exercise all the duties of the Chair.
By Fed Newswire | Jan 29, 2014
News Release: Information received since the Federal Open Market Committee met in December indicates that growth in economic activity picked up in recent quarters. Labor market indicators were mixed but on balance showed further improvement. The unemployment rate declined but remains elevated. Household spending and ...
By Fed Newswire | Jan 28, 2014
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Sunrise Bank, Cocoa Beach, Florida Written Agreement dated July 22, 2009 Terminated Jan. 15, 2014 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jan 24, 2014
News Release: The Federal Reserve Board on Friday provided additional information on its expectations for the recovery and resolution preparedness of certain large domestic bank holding companies. Recovery and resolution preparedness aims to reduce the effect of a firm's failure or material weakness on the financial system and the broader economy.
By Fed Newswire | Jan 23, 2014
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Old Second Bancorp, Inc., Aurora, Illinois Written Agreement dated July 22, 2011 Terminated Jan. 17, 2014 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jan 14, 2014
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for November 12 through Dec. 16, 2013.
By Fed Newswire | Jan 14, 2014
News Release: On Jan. 13, 2014, the Federal Reserve conducted a fixed-rate offering of term deposits with full allotment of tenders through its Term Deposit Facility. The operation offered 28-day term deposits at an interest rate of 0.26000 percent. Following are the results of the operation: TDF Operation ID: ...
By Fed Newswire | Jan 14, 2014
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: First Southwest Bancorporation, Inc., Alamosa, Colorado Written Agreement dated Oct. 20, 2010 Terminated January 9, 2014 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jan 14, 2014
News Release: Five federal agencies on Tuesday approved an interim final rule to permit banking entities to retain interests in certain collateralized debt obligations backed primarily by trust preferred securities (TruPS CDOs) from the investment prohibitions of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, known as the Volcker rule.
By Fed Newswire | Jan 14, 2014
News Release: The Federal Reserve Board on Tuesday sought comment to help inform its consideration of physical commodity activities conducted by financial holding companies, including current authorizations of these activities and the appropriateness of further restrictions.
By Fed Newswire | Jan 13, 2014
News Release: The Federal Reserve Board on Monday announced its approval of the application of Wing Lung Bank Ltd., Hong Kong SAR, People’s Republic of China, to establish branches in San Francisco and Alhambra, both in California.
By Fed Newswire | Jan 10, 2014
News Release: The Federal Reserve Board on Friday requested comment on proposed revisions to the Regulation HH risk-management standards for certain financial market utilities that have been designated as systemically important by the Financial Stability Oversight Council, including those for which the Board is the ...
By Fed Newswire | Jan 10, 2014
News Release: The Federal Reserve Board on Friday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $77.7 billion of their estimated 2013 net income to the U.S. Treasury. Under the Board's policy, the residual earnings of each Federal Reserve Bank are distributed to the U.S. Treasury, after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.
By Fed Newswire | Jan 10, 2014
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Friday made available the public portions of resolution plans for 116 institutions that submitted plans for the first time in December 2013, the latest group to file resolution plans with the agencies.
By Fed Newswire | Jan 9, 2014
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Tioga State Bank (PDF), Spencer, New York Order of assessment of civil money penalty dated January 6, 2014 TransPecos Banks (PDF), Pecos, Texas Order of assessment of civil money penalty dated January 6, 2014 For media inquiries, call 202-452-2955.
By Fed Newswire | Jan 8, 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 December 17-18, 2013. 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 | Jan 8, 2014
News Release: On Jan. 13, 2014, the Federal Reserve will conduct a fixed-rate offering of term deposits with full allotment of tenders through its Term Deposit Facility (TDF). The Federal Reserve will offer 28-day term deposits with an interest rate of 0.26000 percent and a maximum tender amount of $1,250,000,000. ...
By Fed Newswire | Jan 7, 2014
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Cornerstone Holding Company, Inc., Fargo, North Dakota Written Agreement dated May 27, 2011 Terminated Dec. 19, 2013 Commerce Bancshares, Inc., Catoosa, Oklahoma and Bank of Commerce, Chelsea, Oklahoma Written Agreement dated Oct. 26, 2009 Terminated Dec. 20, 2013 For media inquiries, call 202-452-2955.
By Fed Newswire | Jan 3, 2014
News Release: Sandra Braunstein, director of the Division of Consumer and Community Affairs, will retire on April 1 after nearly 27 years of service with the Federal Reserve Board, including 10 years as the director of the division.
