By Fed Newswire | Dec 12, 2013
News Release: WASHINGTON--Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The exemptions are intended to save borrowers time and money while still ensuring that the loans are financially sound.
By Fed Newswire | Dec 11, 2013
News Release: The Federal Reserve Board on Wednesday issued a consent order to cease and desist and a civil money penalty assessment of $50 million against the Royal Bank of Scotland Group plc (RBS Group) and the Royal Bank of Scotland plc (RBS plc), both of Edinburgh, Scotland.
By Fed Newswire | Dec 10, 2013
News Release: The Federal Reserve Board on Tuesday announced that banking entities covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be required to fully conform their activities and investments to the statute and regulations by July 21, 2015.
By Fed Newswire | Dec 10, 2013
News Release: Five federal agencies on Tuesday issued final rules developed jointly to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Volcker rule").
By Fed Newswire | Dec 6, 2013
News Release: The Federal Reserve on Friday launched the History Web Gateway, a new online resource with biographies, images, and essays on key events in the Fed's 100-year history. The gateway is part of the Fed's effort during its centennial year to encourage a deeper reflection on its role in the nation's economy.
By Fed Newswire | Dec 6, 2013
News Release: The Federal Reserve Board on Friday announced its approval of an application under section 3 of the Bank Holding Company Act by Ameris Bancorp, Moultrie, Georgia, to acquire The Prosperity Banking Company, St. Augustine, Florida.
By Fed Newswire | Dec 6, 2013
News Release: The Federal Reserve Board on Friday issued a final rule that makes technical changes to the Board's market risk capital rule to align it with the Basel III revised capital framework adopted by the Board earlier this year.
By Fed Newswire | Dec 5, 2013
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: PathFinder Bancorp MHC and PathFinder Bancorp, Inc., both of Oswego, New York Supervisory Agreement issued by the Office of Thrift Supervision dated May 28, 2009 Terminated Nov. 26, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 5, 2013
News Release: The Federal Reserve Board on Thursday issued a final rule that amends Regulation HH to set out the conditions and requirements for a Federal Reserve Bank to open and maintain accounts for and provide financial services to financial market utilities designated as systemically important by the Financial Stability Oversight Council.
By Fed Newswire | Dec 5, 2013
News Release: The Federal Reserve Board on Thursday released guidance reminding financial institutions it supervises to exercise appropriate risk management and oversight when using service providers.
By Fed Newswire | Dec 3, 2013
News Release: The Federal Reserve Board on Tuesday 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 Roma Financial Corporation, MHC, Roma Financial Corporation, and Roma Bank, all of Robbinsville, New Jersey, and RomAsia Bank, South Brunswick Township, New Jersey.
By Fed Newswire | Dec 3, 2013
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Parkway Bancorp, Inc., Harwood Heights, Illinois Written Agreement dated Oct. 21, 2011 Terminated Nov. 27, 2013 Peoples, Inc. and Peoples Bank, both of Lawrence, Kansas Written Agreement dated Jan. 27, 2010 Terminated Nov. 27, 2013 Search of Federal Reserve enforcement actions.
By Fed Newswire | Dec 3, 2013
News Release: The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, and the Federal Reserve Board on Tuesday announced a final rule amending the definitions of "funds transfer" and "transmittal of funds" under regulations implementing the Bank Secrecy Act. The final rule adopts the amendments as proposed in November 2012.
By Fed Newswire | Dec 2, 2013
News Release: Harvard College won the 10th annual national College Fed Challenge on Monday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from Cambridge, Mass., represented the Boston Federal Reserve District and included Justin Katiraei, Kevin Li, Andreas Schaab, Daniel Tartakovsky, Eugene Wang, Samuel Young, and faculty adviser Benjamin Friedman.
By Fed Newswire | Dec 2, 2013
News Release: The Federal Reserve on Monday announced that it has not objected to re-submitted capital plans from The Goldman Sachs Group, Inc. and JPMorgan Chase & Co. During the 2013 Comprehensive Capital Analysis and Review (CCAR), the Federal Reserve did not object to the capital plans from both institutions, but required them to submit new plans addressing weaknesses identified in their capital planning processes.
By Fed Newswire | Nov 27, 2013
News Release: The Federal Reserve Board on Wednesday requested public comment on proposed changes to part II of the Federal Reserve Policy on Payment System Risk (PSR policy) that are designed to enhance the efficiency of the payment system. The proposed changes are largely related to the posting rules for automated clearing house (ACH) and commercial check transactions.
By Fed Newswire | Nov 26, 2013
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for October 7 and Oct. 28, 2013. The minutes are attached. For media inquiries, call 202-452-2955.
By Fed Newswire | Nov 22, 2013
News Release: The Federal Reserve Board on Friday announced its approval of an application under section 18(c) of the Federal Deposit Insurance Act by Green Dot Bank DBA Bonneville Bank, Provo, Utah, to purchase certain assets and assume certain deposit liabilities of GE Capital Retail Bank, Draper, Utah.
By Fed Newswire | Nov 21, 2013
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Maquoketa State Bank (PDF), Maquoketa, Iowa Order of assessment of civil money penalty dated Nov. 18, 2013 Midland States Bank (PDF), Effingham, Illinois Order of assessment of civil money penalty dated Nov. 20, 2013 Search of Federal Reserve enforcement actions.
By Fed Newswire | Nov 20, 2013
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 29-30, 2013 and of the conference call held on Oct. 16, 2013.
