By Fed Newswire | Dec 12, 2012
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached table and charts summarizing the economic projections and the target federal funds rate projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the December 11-12 meeting of the Committee.
By Fed Newswire | Dec 12, 2012
News Release: Information received since the Federal Open Market Committee met in October suggests that economic activity and employment have continued to expand at a moderate pace in recent months, apart from weather-related disruptions. Although the unemployment rate has declined somewhat since the summer, it remains ...
By Fed Newswire | Dec 11, 2012
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcementactions listed below: Community Bankers Trust Corporation, Glen Allen, Virginia, and Essex Bank, Tappahannock, Virginia Written Agreement dated April 21, 2011 Terminated December 5, 2012 The Northwestern Bank, Chippewa Falls, Wisconsin Written Agreement dated April 27, 2010 Terminated December 6, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 11, 2012
News Release: The Federal Reserve Board on Tuesday issued a consent cease and desist order against HSBC Holdings plc, London, United Kingdom, (Holdings) and assessed a $165 million civil money penalty against Holdings and its subsidiary in the United States, HSBC North America Holdings, Inc., New York, New York (HNAH). ...
By Fed Newswire | Dec 10, 2012
News Release: The Federal Reserve Board on Monday announced the issuance of a consent order to cease and desist and a civil money penalty assessment of $100 million against Standard Chartered PLC, London, Standard Chartered Bank, London, and the bank's branch in New York.
By Fed Newswire | Dec 6, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Anadarko Bank & Trust Company, Anadarko, Oklahoma Written Agreement dated Aug. 13, 2007 Terminated Nov. 27, 2012 Hanmi Financial Corporation and Hanmi Bank, both of Los Angeles, California Written Agreement dated Nov. 2, 2009 Terminated December 4, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Dec 4, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: NASB Financial, Inc. (PDF), Grandview, Missouri Written Agreement dated Nov. 29, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Dec 3, 2012
News Release: The Federal Reserve Board on Monday announced the designation of the chairs and deputy chairs of the Federal Reserve Banks for 2013.
By Fed Newswire | Nov 29, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Johnson Financial Group, Inc. and Johnson Bank, both of Racine, Wisconsin Written Agreement dated May 10, 2011 Terminated Nov. 26, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Nov 29, 2012
News Release: The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, and the Federal Reserve Board are seeking comments on a proposal to amend the definitions of "funds transfer" and "transmittal of funds" under the regulations implementing the Bank Secrecy Act. The proposed ...
By Fed Newswire | Nov 27, 2012
News Release: Northwestern University won the ninth annual national finals of the College Fed Challenge on Tuesday, 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 Evanston, Ill., represented the Federal Reserve Bank of Chicago and included Geoffrey Bery, Nikhil Byanna, David Chen, Jonathan Cohen, Eric Zhang, and faculty adviser Mark Witte.
By Fed Newswire | Nov 20, 2012
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for September 24 and Oct. 22, 2012.
By Fed Newswire | Nov 20, 2012
News Release: The Federal Reserve Board (Board) and the Consumer Financial Protection Bureau (CFPB) today announced increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions. These increases are consistent with the Dodd-Frank ...
By Fed Newswire | Nov 15, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Bankers' Bank of the West Bancorp and Bankers' Bank of the West, both of Denver, Colorado Written Agreement dated Feb. 19, 2010 Terminated November 8, 2012 Butte State Company and Butte State ...
By Fed Newswire | Nov 15, 2012
News Release: The Federal Reserve Board on Thursday released the economic and financial market scenarios that will be used in the next round of stress tests for large financial institutions.
By Fed Newswire | Nov 14, 2012
News Release: The Federal Reserve Board on Wednesday announced its approval of the application by Mitsubishi UFJ Financial Group, Inc., The Bank of Tokyo-Mitsubishi UFJ, Ltd., both of Tokyo, Japan, and UnionBanCal Corporation (UnionBanCal), San Francisco, California, to (1) acquire Pacific Capital Bancorp (PCB) and its subsidiary bank, Santa Barbara Bank Trust, N.A., both of Santa Barbara, California, and (2) merge PCB with UnionBanCal.
By Fed Newswire | Nov 14, 2012
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 23-24, 2012.
By Fed Newswire | Nov 14, 2012
News Release: WASHINGTON--The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency (the agencies) recognize the continuing impact of Hurricane Sandy on the customers and operations of ...
By Fed Newswire | Nov 13, 2012
News Release: WASHINGTON--Advertising and other outreach efforts are kicking off around the country to remind eligible borrowers of the December 31 deadline to request a free, impartial review through the Independent Foreclosure Review.
By Fed Newswire | Nov 9, 2012
News Release: The Federal Reserve Board on Friday launched the 2013 capital planning and stress testing program, issuing instructions to firms with timelines for submissions and general guidelines. The program includes the Comprehensive Capital Analysis and Review (CCAR) of 19 firms as well as the Capital Plan Review ...
