By Fed Newswire | Aug 27, 2012
News Release: The Federal Reserve Board on Monday began the practice of publishing unaudited combined Federal Reserve Bank financial reports on a quarterly basis. This enhancement to the Board's previous financial reporting procedures will provide greater transparency by communicating financial information on a more frequent basis and in greater detail.
By Fed Newswire | Aug 23, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Valley Financial Corporation and Valley Bank, both of Roanoke, Virginia Written Agreement dated Sept. 30, 2010 Terminated Aug. 20, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Aug 22, 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 July 31-Aug. 1, 2012.
By Fed Newswire | Aug 16, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: PNBK Sponsor LLC, PNBK Investment Partners LLC, PNBK Holdings LLC, and Patriot National Bancorp, Inc. (PDF), all of Stamford, Connecticut Written Agreement dated Aug. 3, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Aug 15, 2012
News Release: Agencies Issue Proposed Rule on Appraisals for Higher-Risk Mortgages Six federal financial regulatory agencies today issued a proposed rule to establish new appraisal requirements for "higher-risk mortgage loans." The proposed rule would implement amendments to the Truth in Lending Act enacted by the ...
By Fed Newswire | Aug 9, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Coastal Financial Corporation and Coastal Community Bank, both of Everett, Washington Written Agreement dated Sept. 25, 2009 Terminated August 6, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Aug 8, 2012
News Release: The Federal Reserve Board on Wednesday announced the extension of the comment period until Oct. 22, 2012, on three notices of proposed rulemaking that would revise and replace current capital rules. The proposals by the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of ...
By Fed Newswire | Aug 7, 2012
News Release: The Federal Reserve Board on Tuesday announced the issuance of monetary sanctions totaling $3.2 million against MetLife, Inc. for failure to adequately oversee its subsidiary bank's mortgage loan servicing and foreclosure processing operations. The oversight deficiencies represented unsafe and unsound practices at MetLife and corrective measures were required by a formal enforcement action issued against the company on April 13, 2011.
By Fed Newswire | Aug 2, 2012
News Release: Borrowers seeking a review of their mortgage foreclosures under the federal banking agencies' Independent Foreclosure Review now have until Dec. 31, 2012, to submit their requests.
By Fed Newswire | Aug 1, 2012
News Release: Information received since the Federal Open Market Committee met in June suggests that economic activity decelerated somewhat over the first half of this year. Growth in employment has been slow in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. ...
By Fed Newswire | Jul 31, 2012
News Release: The Federal Reserve Board on Tuesday announced its approval of the notice by BB&T Corporation, Winston-Salem, North Carolina, to acquire all the voting shares of BankAtlantic, Fort Lauderdale, Florida, a federal savings association.
By Fed Newswire | Jul 30, 2012
News Release: The Federal Reserve Board on Monday announced the approval of a final rule establishing risk-management standards for certain financial market utilities (FMUs) designated as systemically important by the Financial Stability Oversight Council. The final rule also establishes requirements for advance notice ...
By Fed Newswire | Jul 27, 2012
News Release: The Federal Reserve Board on Friday announced its approval of the applications by Five Star Bank, Warsaw, New York, (1) to acquire four branches of HSBC Bank USA, National Association ("HSBC"), McLean, Virginia, that First Niagara Bank, National Association, Buffalo, New York, contracted to purchase from HSBC; and (2) to establish branches at those locations.
By Fed Newswire | Jul 27, 2012
News Release: The Federal Reserve Board on Friday announced the approval of a final rule that amends the provisions in Regulation II (Debit Card Interchange Fees and Routing) that permit a debit card issuer subject to the interchange fee standards to receive a fraud-prevention adjustment. The final rule revises provisions that are currently in effect as an interim final rule.
By Fed Newswire | Jul 26, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Cornerstone Bancorp, Inc. (PDF), St. Petersburg, Florida Written Agreement dated July 23, 2012 The Federal Reserve Board also announced the termination of the enforcement actions listed below: Community ...
By Fed Newswire | Jul 19, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Premier Financial Corp. and Premier Bank, Dubuque, Iowa Written Agreement dated July 28, 2010 Terminated July 11, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jul 19, 2012
News Release: The Federal Reserve Board on Thursday reaffirmed its long-standing policy of applying relevant international risk-management standards to the Federal Reserve Banks' Fedwire funds and Fedwire securities services. These services play a critical role in the financial system and in facilitating the safe and efficient settlement of private-sector financial market utilities.
By Fed Newswire | Jul 17, 2012
News Release: On July 16, 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: A25 Competitive Amount Offered: $3,000,000,000 Competitive Amount Tendered: $8,339,500,000 Competitive Amount Awarded: ...
By Fed Newswire | Jul 17, 2012
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from May 21 through June 18, 2012.
By Fed Newswire | Jul 17, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: TCB Holding Company (PDF), The Woodlands, Texas Written Agreement dated July 13, 2012 Search of Federal Reserve enforcement actions.
