By Fed Newswire | Jan 18, 2013
News Release: WASHINGTON--HSBC has joined the agreement in principle announced by the Federal Reserve Board and Office of the Comptroller of the Currency (OCC) on January 7, 2013, and will pay $249 million in cash payments and other assistance to help mortgage borrowers.
By Fed Newswire | Jan 18, 2013
News Release: Six federal financial regulatory agencies today issued the final rule that establishes new appraisal requirements for "higher-priced mortgage loans." The rule implements amendments to the Truth in Lending Act made by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). Under the Dodd-Frank Act, mortgage loans are higher-priced if they are secured by a consumer's home and have interest rates above certain thresholds.
By Fed Newswire | Jan 17, 2013
News Release: The Federal Reserve's Retail Payments Office (RPO), located at the Federal Reserve Bank in Atlanta, today announced plans to conduct a new study to determine the current volume and composition of electronic and check payments in the United States. This triennial study continues the research conducted by the Federal Reserve in 2001, 2004, 2007, and 2010.
By Fed Newswire | Jan 17, 2013
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: The Commercial & Savings Bank (PDF), Millersburg, Ohio Order of assessment of civil money penalty dated Jan. 11, 2013 The Federal Reserve Board also announced the termination of the enforcement action ...
By Fed Newswire | Jan 16, 2013
News Release: Goldman Sachs and Morgan Stanley have reached agreements in principle with the Federal Reserve Board to pay $557 million in cash payments and other assistance to help mortgage borrowers.
By Fed Newswire | Jan 15, 2013
News Release: The Federal Reserve Board on Tuesday announced that it agreed with the Treasury Department that the credit protection Treasury has provided for the Term Asset-Backed Securities Loan Facility (TALF) is no longer necessary because the accumulated fees collected through TALF exceed the amount of TALF loans outstanding. The TALF remains a joint Treasury-Federal Reserve program, and the Treasury and Federal Reserve will continue to consult on the administration of the program.
By Fed Newswire | Jan 15, 2013
News Release: On Jan. 14, 2013, the Federal Reserve conducted an auction of $3 billion in 28-day term deposits through its Term Deposit Facility. Following are the results of the auction: TDF Auction ID: A28 Competitive Amount Offered: $3,000,000,000 Competitive Amount Tendered: $5,680,000,000 Competitive Amount ...
By Fed Newswire | Jan 14, 2013
News Release: The Federal Reserve Board on Monday issued two consent Cease and Desist Orders against JPMorgan Chase & Co., New York, New York (JPMC), a registered bank holding company. The first order requires JPMC to take corrective action to continue ongoing enhancements to its risk-management program and its finance ...
By Fed Newswire | Jan 10, 2013
News Release: The Federal Reserve Board on Thursday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $88.9 billion of their estimated 2012 net income to the U.S. Treasury. Under the Board's policy, the residual earnings of each Federal Reserve Bank are distributed to the U.S. Treasury, after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.
By Fed Newswire | Jan 9, 2013
News Release: On Monday, Jan. 14, 2013, the Federal Reserve will offer $3 billion in 28-day term deposits through its Term Deposit Facility. As noted in the Federal Reserve Board's September 8, 2010 release, this offering is part of ongoing small-value operations designed to provide eligible institutions with an ...
By Fed Newswire | Jan 8, 2013
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for November 19 and Dec. 10, 2012.
By Fed Newswire | Jan 7, 2013
News Release: WASHINGTON--Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board to pay more than $8.5 billion in cash payments and other assistance to help borrowers.
By Fed Newswire | Jan 3, 2013
News Release: The Federal Reserve Board and the Federal Open Market Committee on Thursday released the attached minutes of the Committee meeting held on December 11-12, 2012. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the December 11-12, 2012 meeting is also included as an addendum to these minutes.
By Fed Newswire | Jan 3, 2013
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Farmers State Bank, Victor, Montana Written Agreement dated Nov. 12, 2010 Terminated Dec. 19, 2012 For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 19, 2012
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. The annual adjustments ...
By Fed Newswire | Dec 18, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: BSA Financial Services, Inc. (PDF), Saint Augustine, Florida Written Agreement dated December 4, 2012 For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 17, 2012
News Release: The Federal Reserve Board on Monday issued a Supervision and Regulation letter summarizing changes made in recent years to its program for consolidated supervision of large financial institutions.
By Fed Newswire | Dec 14, 2012
News Release: The Federal Reserve Board on Friday proposed rules to strengthen the oversight of U.S. operations of foreign banks.
By Fed Newswire | Dec 13, 2012
News Release: The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing an extension of the existing temporary U.S. dollar liquidity swap arrangements through Feb. 1, 2014. Previously, these swap arrangements had been authorized through Feb. 1, 2013.
By Fed Newswire | Dec 13, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Tennessee Valley Financial Holdings, Inc., Oak Ridge, Tennessee Written Agreement dated Sept. 26, 2011 Terminated Nov. 20, 2012 For media inquiries, call 202-452-2955.
