By Fed Newswire | Apr 9, 2013
News Release: WASHINGTON--Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency and the Federal Reserve Board with 13 mortgage servicers.
By Fed Newswire | Apr 5, 2013
News Release: The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2014: January 28-29 (Tuesday-Wednesday) March 18-19 (Tuesday-Wednesday) April 29-30 (Tuesday-Wednesday) June 17-18 (Tuesday-Wednesday) July 29-30 (Tuesday-Wednesday) September 16-17 (Tuesday-Wednesday) October 28-29 ...
By Fed Newswire | Apr 4, 2013
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: HSH Nordbank AG (PDF), Hamburg, Germany and HSH Nordbank AG, New York Branch, New York, New York Written Agreement dated March 25, 2013 Search of Federal Reserve enforcement actions.
By Fed Newswire | Apr 4, 2013
News Release: The Federal Reserve Board on Thursday announced the finalization of standards for banking organizations regulated by the Federal Reserve that engage in certain types of foreign exchange transactions with retail customers.
By Fed Newswire | Apr 3, 2013
News Release: The Federal Reserve Board on Wednesday announced approval of a final rule that establishes the requirements for determining when a company is "predominantly engaged in financial activities." The requirements will be used by the Financial Stability Oversight Council (FSOC) when it considers the potential designation of a nonbank financial company for consolidated supervision by the Federal Reserve.
By Fed Newswire | Mar 27, 2013
News Release: The use of mobile phones to access a bank account, credit card, or other financial account became more prevalent in the Unites States last year, according to the Federal Reserve Board's latest report on the use of mobile financial services. As of November 2012, 28 percent of all mobile phone users and ...
By Fed Newswire | Mar 27, 2013
News Release: The Federal Reserve Board in April will begin a statistical study of household finances, the Survey of Consumer Finances, that will provide policymakers with important insight into the economic condition of all types of American families.
By Fed Newswire | Mar 26, 2013
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Citigroup Inc., (PDF) New York, New York Consent Order dated March 21, 2013 The Federal Reserve Board also announced the termination of the enforcement action listed below: East Dubuque Bancshares, Inc., ...
By Fed Newswire | Mar 22, 2013
News Release: The Federal Reserve Board on Friday announced its approval of the application filed by FirstMerit Corporation, Akron, Ohio, to acquire Citizens Republic Bancorp, Inc., and thereby indirectly acquire Citizens Bank, both of Flint, Michigan.
By Fed Newswire | Mar 22, 2013
News Release: Federal and state bank supervisors today announced an increase in the number of required loan data fields in the Interagency Loan Data Request (ILDR). The federal agencies making today's announcement were the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. They were joined by the Conference of State Bank Supervisors (CSBS).
By Fed Newswire | Mar 21, 2013
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Bank of Bartlett, Bartlett, Tennessee Prompt Corrective Action Directive dated Jan. 30, 2012 Terminated March 18, 2013 Bank of Little Rock, Little Rock, Arkansas Written Agreement dated May 18, ...
By Fed Newswire | Mar 21, 2013
News Release: Federal bank regulatory agencies today released updated supervisory guidance on leveraged lending, which has been increasing since 2009 after declining during the financial crisis.
By Fed Newswire | Mar 20, 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 March 19-20 meeting of the Federal Open Market Committee.
By Fed Newswire | Mar 20, 2013
News Release: Information received since the Federal Open Market Committee met in January suggests a return to moderate economic growth following a pause late last year. Labor market conditions have shown signs of improvement in recent months but the unemployment rate remains elevated. Household spending and business ...
By Fed Newswire | Mar 19, 2013
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Devon Bancorp, Inc. (PDF), Chicago, Illinois Written Agreement dated March 13, 2013 The Federal Reserve Board also announced the termination of the enforcement action listed below: Bank VI, Salina, Kansas Written Agreement dated July 14, 2010 Terminated March 13, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Mar 18, 2013
News Release: The federal bank regulatory agencies today requested comment on proposed revisions to "Interagency Questions and Answers Regarding Community Reinvestment." The Questions and Answers document provides additional guidance to financial institutions and the public on the agencies' Community Reinvestment Act (CRA) regulations.
By Fed Newswire | Mar 15, 2013
News Release: The Federal Reserve System on Friday released the 2012 combined annual financial statements for the Federal Reserve Banks, as well as for the 12 individual Federal Reserve Banks, the consolidated variable interest entities (VIEs) that were created to respond to strains in financial markets, and the Board of Governors. These financial statements are audited annually by an independent auditing firm.
By Fed Newswire | Mar 14, 2013
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Mountain West Financial Corp., Helena, Montana Written Agreement dated Aug. 31, 2010 Terminated March 12, 2013 Search of Federal Reserve enforcement actions.
By Fed Newswire | Mar 14, 2013
News Release: The Federal Reserve on Thursday announced it has approved the capital plans of 14 financial institutions in the Comprehensive Capital Analysis and Review (CCAR). Two other institutions received conditional approval, while the Federal Reserve objected to the plans of two firms.
By Fed Newswire | Mar 13, 2013
News Release: The Federal Reserve announced on Wednesday that, to better facilitate the release of information in conjunction with the Chairman's quarterly news conferences, the time between the release of the Federal Open Market Committee's statement and the beginning of the news conference is being reduced.
