Stories by Fed Newswire on Federal Newswire


Federal Reserve Board issues enforcement action with SunSouth Bancshares, Inc.

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: SunSouth Bancshares, Inc. (PDF), Dothan, Alabama Written Agreement dated Sept. 20, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.


Federal Reserve Board issues interim final rules clarifying how companies should incorporate Basel III reforms into capital and business projections

News Release: The Federal Reserve Board on Tuesday issued two interim final rules that clarify how companies should incorporate the Basel III regulatory capital reforms into their capital and business projections during the next cycle of capital plan submissions and stress tests.


Federal regulators issue guidance on reporting financial abuse of older adults

News Release: Seven federal regulatory agencies today issued guidance to clarify that the privacy provisions of the Gramm-Leach-Bliley Act generally permit financial institutions to report suspected elder financial abuse to appropriate authorities.


JPMorgan Chase & Co. to pay $200 million for oversight, management, and controls deficiencies

News Release: The Federal Reserve Board on Thursday announced that JPMorgan Chase & Co., New York, New York (JPMC), a registered bank holding company, will pay a $200 million penalty for deficiencies in the bank holding company's oversight, management, and controls governing its Chief Investment Office (CIO).


Federal Reserve Board and Federal Open Market Committee release economic projections from the September 17-18 FOMC meeting

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 September 17-18 meeting of the Federal Open Market Committee.


Federal Reserve issues FOMC statement

News Release: Information received since the Federal Open Market Committee met in July suggests that economic activity has been expanding at a moderate pace. Some indicators of labor market conditions have shown further improvement in recent months, but the unemployment rate remains elevated. Household spending and ...


Federal Reserve Board issues enforcement action with The Missouri Bank

News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: The Missouri Bank (PDF), Warrenton, Missouri Order of assessment of civil money penalty dated Sept. 12, 2013 Search of Federal Reserve enforcement actions.


Federal Reserve announces results of offering of 28-day term deposits on September 9

News Release: On September 9, 2013, 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: ...


Chairman Bernanke to host town hall meeting with educators

News Release: Chairman Ben S. Bernanke will host a town hall meeting with educators from across the country on November 13. The educators will join the Chairman at 7 p.m. EST in the Board Room of the Federal Reserve Board's main building in Washington, D.C., and participate via videoconference from Federal Reserve ...


Federal Reserve Board announces approval of application by Adams Bank & Trust

News Release: The Federal Reserve Board on Thursday announced its approval of the application of Adams Bank & Trust, Ogallala, Nebraska, to establish a branch at 370 North Franklin Avenue in Colby, Kansas. Attached is the Board's Order relating to this action.


Federal Reserve Board issues enforcement action with Union City Corporation and announces termination of enforcement action with Midwest Independent Bancshares, Inc. and Midwest Independent Bank

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Union City Corporation (PDF), El Reno, Oklahoma Written Agreement dated Aug. 30, 2013 The Federal Reserve Board also announced the termination of the enforcement action listed below: Midwest Independent ...


Federal Reserve offers 28-day term deposits with full allotment at 26 basis points though its Term Deposit Facility

News Release: On September 9, 2013, 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. ...


Federal Reserve Board announces termination of enforcement actions with CIB Marine Bancshares and Pacific Commerce Bank

News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: CIB Marine Bancshares, Inc.


Agencies provide model template for submission of tailored resolution plans

News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Tuesday released an optional model template for tailored resolution plans that certain firms will be submitting for the first time later this year.


Federal Reserve Board announces termination of enforcement action with Raton Capital Corporation

News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Raton Capital Corporation, Raton, New Mexico Written Agreement dated April 10, 2012 Terminated Aug. 26, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.


Agencies revise proposed risk retention rule

News Release: Six federal agencies on Wednesday issued a notice revising a proposed rule requiring sponsors of securitization transactions to retain risk in those transactions. The new proposal revises a proposed rule the agencies issued in 2011 to implement the risk retention requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).


Minutes of the Board's discount rates meetings from July 1 through July 29, 2013

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from July 1 through July 29, 2013.


Federal Reserve announces that it has not objected to a re-submitted capital plan from BB&T Corporation

News Release: The Federal Reserve on Friday announced it has not objected to a re-submitted capital plan from BB&T Corporation. Earlier this year, the Federal Reserve objected to BB&T’s 2013 capital plan based on a qualitative assessment conducted during the annual Comprehensive Capital Analysis and Review. BB&T was required to submit a new capital plan under the Federal Reserve’s regulation.


Federal Reserve Board announces the termination of the enforcement action with Fentura Financial, Inc.

News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Fentura Financial, Inc. Fenton, Michigan Written Agreement dated November 4, 2010 Terminated July 31, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.


Minutes of the Federal Open Market Committee, July 30-31, 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 July 30-31, 2013.