By Fed Newswire | Dec 27, 2013
News Release: The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission on Friday said they are reviewing whether it would be appropriate and consistent with the Dodd-Frank Wall Street Reform and Consumer Protection ...
By Fed Newswire | Dec 24, 2013
News Release: The Federal Reserve Board on Tuesday approved a final rule clarifying the treatment of uninsured U.S. branches and agencies of foreign banks under section 716 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the swaps push out provision. The final rule adopts without change the interim final rule issued by the Board on June 5, 2013.
By Fed Newswire | Dec 23, 2013
News Release: The Federal Reserve Board on Monday announced its approval of the proposal by Alamogordo Financial Corporation, Alamogordo, New Mexico, to conduct a minority stock issuance pursuant to section 239.24 of the Board's Regulation MM, 12 CFR 239.24.
By Fed Newswire | Dec 23, 2013
News Release: The Federal Reserve Board on Monday announced its approval of a notice under section 4 of the Bank Holding Company Act by Investors Bancorp, MHC, and Investors Bancorp, Inc., both of Short Hills, New Jersey, to acquire Gateway Community Financial, MHC, Gateway Community Financial Corporation, and GCF Bank, all of Sewell, New Jersey.
By Fed Newswire | Dec 23, 2013
News Release: The Federal Reserve Board on Monday invited public comment on proposed amendments to Regulation A (Extensions of Credit by Federal Reserve Banks) to implement section 1101 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1101 amended the Federal Reserve's emergency lending authority in section 13(3) of the Federal Reserve Act.
By Fed Newswire | Dec 20, 2013
News Release: The Federal Reserve Board on Friday advised large financial institutions to carefully evaluate transactions intended to reduce risk to ensure that, if risks are shifted to a thinly capitalized counterparty or affiliated entity of the firm, any residual risk is effectively captured in the firm's internal capital adequacy assessment. Examiners will closely consider such transactions, and potential residual risks, when evaluating an institution's capital adequacy.
By Fed Newswire | Dec 19, 2013
News Release: The 2013 Federal Reserve Payments Study, released today, shows that card payments--credit and debit--now account for more than two-thirds of all noncash payments, while the number of checks paid continued to decline.
By Fed Newswire | Dec 19, 2013
News Release: Three federal financial institution regulatory agencies today issued a FAQ (Frequently Asked Questions) document to provide clarification and guidance to banking entities regarding investments in "Covered Funds" and whether collateralized debt obligations backed by trust preferred securities (TruPS CDOs) could be determined to be Covered Funds under the final rules to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
By Fed Newswire | Dec 19, 2013
News Release: The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations.
By Fed Newswire | Dec 19, 2013
News Release: Six federal financial regulatory agencies announced today that they are extending the comment period for their proposed policy statement for assessing diversity policies and practices of the institutions they regulate to allow the public more time to analyze the issues and prepare their comments.
By Fed Newswire | Dec 19, 2013
News Release: Federal banking regulators are seeking comment on supplemental guidance on income tax allocation agreements involving holding companies and insured depository institutions. An aim of the proposed guidance is to reduce confusion regarding ownership of any tax refunds.
By Fed Newswire | Dec 18, 2013
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 December 17-18 meeting of the Federal Open Market Committee.
By Fed Newswire | Dec 18, 2013
News Release: Information received since the Federal Open Market Committee met in October indicates that economic activity is expanding at a moderate pace. Labor market conditions have shown further improvement; the unemployment rate has declined but remains elevated. Household spending and business fixed investment ...
By Fed Newswire | Dec 17, 2013
News Release: The Federal Reserve Board on Tuesday announced the approval of an application by RBC Investor Services Bank S.A., Esch-sur-Alzette, Luxembourg, to establish a representative office in New York, New York.
By Fed Newswire | Dec 13, 2013
News Release: The Federal Reserve Board on Friday announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2014.
By Fed Newswire | Dec 13, 2013
News Release: The Federal Reserve Board on Friday approved the application by Canara Bank, Bangalore, India, to establish a branch in New York, New York.
By Fed Newswire | Dec 13, 2013
News Release: WASHINGTON--Four federal financial institution regulatory agencies today issued a statement to clarify safety-and-soundness expectations and Community Reinvestment Act (CRA) considerations related to Qualified Mortgage loans and non-Qualified Mortgage loans offered by regulated institutions.
By Fed Newswire | Dec 12, 2013
News Release: The Federal Reserve Board on Thursday requested public comment on proposed amendments to check collection and return rules to reflect the evolution of the nation's check collection system from one that is largely paper-based to one that is virtually all electronic.
By Fed Newswire | Dec 12, 2013
News Release: The Federal Reserve Board on Thursday announced its approval of the applications under section 3 of the Bank Holding Company Act, section 18(c) of the Federal Deposit Insurance Act, and section 9 of the Federal Reserve Act for United Bankshares, Inc., Charleston, West Virginia, and its subsidiary, George ...
By Fed Newswire | Dec 12, 2013
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Farmers & Miners Bank (PDF), Pennington Gap, Virginia Order of assessment of civil money penalty dated Dec. 3, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
