Stories by Fed Newswire on Federal Newswire


Federal Reserve announces results of offering of 28-day term deposits on May 20

News Release: On May 20, 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: F30 ...


Federal Reserve Board announces termination of enforcement action with The Tysan Corporation

News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: The Tysan Corporation, Minneapolis, Minnesota Written Agreement dated April 20, 2009 Terminated May 15, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.


Federal Reserve Board issues enforcement action with Bank of Montreal, BMO Financial Corp., and Bank of Montreal Chicago Branch

News Release: The Federal Reserve Board on Friday announced the execution of the following enforcement action: Bank of Montreal, Montreal Canada, BMO Financial Corp., Wilmington, Delaware, Bank of Montreal Chicago Branch, Chicago, Illinois Written Agreement dated April 29, 2013 Search of Federal Reserve enforcement actions.


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

News Release: On May 20, 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 that results of company-run, midyear stress tests are due on July 5

News Release: Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said in instructions to those firms Monday.


Federal Reserve provides additional information on borrowers whose mortgages were serviced by Goldman Sachs and Morgan Stanley

News Release: Some borrowers whose mortgages were serviced by Goldman Sachs and Morgan Stanley and who were already sent a check as part of the Independent Foreclosure Review payment agreement will be sent an additional payment around May 17, Rust Consulting announced Wednesday. The payments are being made to correct an error by Rust Consulting, the paying agent, when the original payments were sent last week.


Federal Reserve Board announces termination of enforcement action with Greer Bancshares Incorporated

News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Greer Bancshares Incorporated, Greer, South Carolina Written Agreement dated July 7, 2011 Terminated May 3, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.


Federal Reserve Board issues enforcement action with the Baraboo Bancorporation, and termination of enforcement actions with Harbor Bankshares Corporation and NorCal Community Bancorp

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: The Baraboo Bancorporation, Inc. (PDF), Baraboo, Wisconsin Written Agreement dated April 30, 2013* The Federal Reserve Board also announced the termination of the enforcement actions listed below: Harbor ...


Federal Reserve issues FOMC statement

News Release: Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown some improvement in recent months, on balance, but the unemployment rate remains elevated. Household spending and business ...


Payments to Goldman Sachs and Morgan Stanley borrowers covered by foreclosure agreement to begin May 3

News Release: Payments to more than 220,000 borrowers whose mortgages were serviced by Goldman Sachs and Morgan Stanley are scheduled to begin on Friday, May 3 following an agreement announced earlier this year by the Federal Reserve Board.


Federal Reserve announces small-value fixed-rate term deposit operations

News Release: The Federal Reserve plans to conduct fixed-rate offerings of term deposits with full allotment of tenders under the Term Deposit Facility (TDF) as part of the ongoing program of small-value offerings announced on September 8, 2010. The Board had previously announced that it would consider various formats for the TDF as part of the development of the facility.


Federal Reserve Board issues enforcement actions with Freedom Bancorporation and Freedom Bank of Oklahoma

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Freedom Bancorporation, Inc. (PDF), Lindstrom, Minnesota Written Agreement dated April 22, 2013 Freedom Bank of Oklahoma (PDF), Tulsa, Oklahoma Written Agreement dated April 16, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.


Federal Reserve announces issue date of redesigned $100 note

News Release: The Federal Reserve Board on Wednesday announced that the redesigned $100 note will begin circulating on October 8, 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate. ...


Federal Reserve Board announces termination of enforcement action with Plumas Bancorp

News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Plumas Bancorp, Quincy, California Written Agreement dated July 25, 2011 Terminated April 18, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.


Federal Reserve Board announces enforcement action with Metropolitan Bank Group and termination of enforcement action with IT & S of Iowa

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Metropolitan Bank Group, Inc. (PDF), Chicago, Illinois Consent Cease and Desist Order dated April 12, 2013 The Federal Reserve Board also announced the termination of the enforcement action listed below: IT & S of Iowa, Inc., Oskaloosa, Iowa Written Agreement dated June 16, 2009 Terminated April 15, 2013 Search of Federal Reserve enforcement actions.


Federal Reserve provides information on checks sent under Independent Foreclosure Review Payment Agreement

News Release: The paying agent for checks being sent to borrowers under the Independent Foreclosure Review has assured the Federal Reserve Board that early problems with some checks have been corrected and that funds are available to cash all checks.


Minutes of the Board's discount rates meetings from February 11 through March 18, 2013

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from February 11 through March 18, 2013.


Agencies provide additional instructions for submission of some resolution plans

News Release: The Federal Reserve Board (Board) and the Federal Deposit Insurance Corporation (FDIC) on Monday announced the release of additional guidance, clarification and direction for the first group of institutions filing their resolutions plans pursuant to the Dodd-Frank Act.


Federal Reserve Board invites comment on proposal to establish annual assessments

News Release: The Federal Reserve Board on Monday invited comment on a proposal to establish an annual assessment of bank holding companies and savings and loan holding companies with $50 billion or greater in total consolidated assets and for nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve.


Minutes of the Federal Open Market Committee, March 19-20, 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 March 19-20, 2013. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the March 19-20, 2013 meeting is also included as an addendum to these minutes.