By Fed Newswire | Nov 9, 2012
News Release: The U.S. federal banking agencies issued three notices of proposed rulemaking in June that would revise and replace the current regulatory capital rules. The proposals suggested an effective date of Jan. 1, 2013. Many industry participants have expressed concern that they may be subject to a final regulatory capital rule on Jan. 1, 2013, without sufficient time to understand the rule or to make necessary systems changes.
By Fed Newswire | Nov 8, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Foster Bankshares, Inc. (PDF), Rolling Meadows, Illinois Written Agreement dated November 5, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Nov 6, 2012
News Release: On November 5, 2012, 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: A27 Competitive Amount Offered: $3,000,000,000 Competitive Amount Tendered: $4,166,000,000 Competitive Amount ...
By Fed Newswire | Nov 6, 2012
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Boscobel Bancorp, Inc. and Community First Bank, both of Boscobel, Wisconsin Written Agreement dated Dec. 23, 2010 Terminated Nov. 2, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Nov 1, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Liberty Bancorp of Georgia, Inc. (PDF), Clayton, Georgia Written Agreement dated Oct. 30, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: Macatawa Bank Corporation, Holland, Michigan Written Agreement dated July 23, 2010 Terminated Oct. 26, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Oct 31, 2012
News Release: The Federal Reserve Board on Monday announced the approval of fee schedules, effective Jan. 2, 2013, for payment services the Federal Reserve Banks provide to depository institutions (priced services).
By Fed Newswire | Oct 31, 2012
News Release: The Federal Reserve Board on Wednesday announced its approval of the application by Sumitomo Mitsui Financial Group, Inc. and Sumitomo Mitsui Banking Corporation, both of Tokyo, Japan, foreign banking organizations that are bank holding companies under the Bank Holding Company Act of 1956, as amended ...
By Fed Newswire | Oct 31, 2012
News Release: On Monday, November 5, 2012, 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 | Oct 30, 2012
News Release: WASHINGTON--The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (the agencies) recognize the serious impact of Hurricane Sandy on the customers and operations of many financial institutions and will provide ...
By Fed Newswire | Oct 26, 2012
News Release: The Federal Reserve Board on Friday announced a five-month delay in the implementation of the second phase of its program to simplify the administration of reserve requirements. The delay will allow for further development and testing of automated systems to ensure a smooth transition for affected institutions.
By Fed Newswire | Oct 25, 2012
News Release: The Federal Reserve Board on Thursday announced the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2013. These amounts are used in the calculation of reserve requirements of depository institutions. The Board also announced the annual indexing of the nonexempt deposit cutoff level and the reduced reporting limit that will be used to determine deposit reporting panels effective 2013.
By Fed Newswire | Oct 24, 2012
News Release: Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has advanced a bit more quickly, ...
By Fed Newswire | Oct 23, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Patapsco Bancorp, Inc. and The Patapsco Bank (PDF), both of Dundalk, Maryland Written Agreement dated Oct. 18, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Oct 18, 2012
News Release: The Federal Reserve Board on Thursday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2013.
By Fed Newswire | Oct 17, 2012
News Release: The Federal Reserve Board on Wednesday announced its approval of the proposal by River Valley Bancorp, Madison, to acquire Dupont State Bank, Dupont, both of Indiana, and to become a bank holding company.
By Fed Newswire | Oct 11, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Sunrise Bank, Cocoa Beach, Florida Prompt Corrective Action Directive dated Aug. 26, 2010 Terminated October 9, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Oct 9, 2012
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from August 13 through Sept. 10, 2012.
By Fed Newswire | Oct 9, 2012
News Release: The Federal Reserve Board on Tuesday published two final rules with stress testing requirements for certain bank holding companies, state member banks, and savings and loan holding companies. The final rules implement sections 165(i)(1) and (i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection ...
By Fed Newswire | Oct 4, 2012
News Release: The Federal Reserve Board and the Federal Open Market Committee on Thursday released the attached minutes of the Committee meeting held on September 12-13, 2012. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the September 12-13, 2012 meeting is also included as an addendum to these minutes.
By Fed Newswire | Oct 4, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Northeast Securities Corporation, Minneapolis, Minnesota Written Agreement dated May 24, 2010 Terminated Oct. 1, 2012 TCSB Bancorp, Inc., Traverse City, Michigan Written Agreement dated December 6, 2010 Terminated Sept. 27, 2012 Search of Federal Reserve enforcement actions.
