By Fed Newswire | Oct 2, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: SouthFirst Bancshares, Inc., (PDF) Sylacauga, Alabama Written Agreement dated Sept. 20, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: West Concord ...
By Fed Newswire | Oct 1, 2012
News Release: The Federal Reserve Board on Monday announced a formal enforcement action, including a $9 million civil money penalty, against American Express Company (Amex) and American Express Travel Related Services Company, Inc. (TRS) to address deceptive marketing and debt collection practices and associated deficiencies in compliance risk management and internal audit. Amex and TRS are both registered bank holding companies based in New York.
By Fed Newswire | Sep 28, 2012
News Release: The Federal Reserve on Friday began the quarterly publication of transaction-level information related to discount window lending to depository institutions and open market transactions. The data in the initial release cover transactions between July 22, 2010 and Sept. 30, 2010. The transaction-level detail supplements the extensive aggregate information the Federal Reserve has previously provided in weekly, monthly, and quarterly reports.
By Fed Newswire | Sep 27, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: America's Community Bank, Blue Springs, Missouri Written Agreement dated Nov. 17, 2010 Terminated Sept. 21, 2012 First Capital West Bankshares, Inc., Laramie, Wyoming Written Agreement dated June 7, 2010 Terminated Sept. 20, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Sep 26, 2012
News Release: Five federal agencies on Wednesday reopened the comment period on a proposed rule to establish margin and capital requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants for which one of the agencies is the prudential regulator, ...
By Fed Newswire | Sep 25, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: VFSC, Inc. (PDF), Eden Prairie, Minnesota Written Agreement dated Sept. 20, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: Ames Community Bank, Ames, Iowa Written Agreement dated Oct. 23, 2009 Terminated Sept. 20, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Sep 24, 2012
News Release: The federal banking regulatory agencies on Monday announced the availability of a regulatory capital estimation tool to help community banking organizations and other interested parties evaluate recently published regulatory capital proposals. The tool will assist these organizations in estimating the potential effects on their capital ratios of the agencies' Basel III Notice of Proposed Rulemaking (NPR) and Standardized Approach NPR.
By Fed Newswire | Sep 20, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Capital Community Bancorporation, Inc., Provo, Utah Written Agreement dated Sept. 10, 2009 Terminated Sept. 13, 2012 Coconut Grove Bank, Miami, Florida Written Agreement dated March 17, 2010 Terminated Sept. 12, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Sep 18, 2012
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: First Financial Holding Co., Ltd. and First Commercial Bank, Ltd., both of Taipei, Taiwan, and First Commercial Bank Los Angeles Branch, Los Angeles, California Written Agreement dated March 28, 2011 Terminated Sept. 11, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Sep 13, 2012
News Release: The Federal Reserve Board and the Federal Open Market Committee on Thursday 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 September 12-13 meeting of the Committee.
By Fed Newswire | Sep 13, 2012
News Release: Information received since the Federal Open Market Committee met in August 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 continued to advance, but growth ...
By Fed Newswire | Sep 13, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Doral Financial Corporation (PDF), San Juan, Puerto Rico Written Agreement dated Sept. 11, 2012 The State Bank of Geneva (PDF), Geneva, Illinois Written Agreement dated Sept. 10, 2012 The Federal ...
By Fed Newswire | Sep 11, 2012
News Release: On Sept. 10, 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: A26 Competitive Amount Offered: $3,000,000,000 Competitive Amount Tendered: $11,775,000,000 Competitive Amount ...
By Fed Newswire | Sep 6, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Rosholt Bancorporation, Inc., Rosholt, Wisconsin Written Agreement dated March 1, 2011 Terminated September 4, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Sep 5, 2012
News Release: On Monday, Sept. 10, 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 ...
By Fed Newswire | Aug 31, 2012
News Release: The Federal Reserve Board on Friday announced its approval of the application by Old National Bancorp, Evansville, Indiana, to acquire Indiana Community Bancorp and its subsidiary bank, Indiana Bank and Trust Company, both of Columbus, Indiana.
By Fed Newswire | Aug 30, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: MNB Holdings Corporation, San Francisco, California Written Agreement dated Aug. 23, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Aug 28, 2012
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from July 2 through July 30, 2012.
By Fed Newswire | Aug 27, 2012
News Release: The Federal Reserve Board is considering changes to the implementation timeline for the annual company-run stress test requirements required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The changes under consideration would delay implementation until September 2013 for bank holding ...
By Fed Newswire | Aug 27, 2012
News Release: The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks improved in 2012 for the third consecutive year, according to the Shared National Credits (SNC) Review for 2012. A loan commitment is the obligation of a lender to make loans or issue letters of credit pursuant to a formal loan agreement.
