By Fed Newswire | Jul 12, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Tower Financial Corporation and Tower Bank & Trust Company, both of Fort Wayne, Indiana Written Agreement dated April 23, 2010 Terminated July 10, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jul 12, 2012
News Release: The Federal Reserve on Thursday issued supervisory guidance describing a new optional process for an applicant to request a response on a potential bank acquisition or other proposal before the submission of a formal application or notice.
By Fed Newswire | Jul 11, 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 June 19-20, 2012. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the June 19-20, 2012 meeting is also included as an addendum to these minutes.
By Fed Newswire | Jul 11, 2012
News Release: On Monday, July 16, 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 opportunity ...
By Fed Newswire | Jul 5, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: First Mutual of Richmond, Inc. and Richmond Mutual Bancorporation, Inc. (PDF), both of Richmond, Indiana Written Agreement dated June 29, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jul 3, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Regal Bancorp, Inc. (PDF), Owings Mills, Maryland Written Agreement dated June 29, 2012 The Federal Reserve Board also announced the termination of the enforcement actions listed below: West Coast Bancorp, ...
By Fed Newswire | Jun 29, 2012
News Release: First Resolution Plans Due On or Before July 2 The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board on Friday announced the process for receiving and evaluating the initial resolution plans--also known as living wills--from the largest banking organizations operating in the United States.
By Fed Newswire | Jun 29, 2012
News Release: The federal bank and thrift regulatory agencies today announced the availability of the 2012 list of distressed or underserved nonmetropolitan middle-income geographies where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as "community development." ...
By Fed Newswire | Jun 29, 2012
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that the banking agencies will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios update data released on June 30, 2011.
By Fed Newswire | Jun 28, 2012
News Release: The Federal Reserve Board on Thursday announced that it agreed with the Treasury Department that it was appropriate to reduce from $4.3 billion to $1.4 billion the credit protection Treasury is providing for the Term Asset-Backed Securities Loan Facility (TALF).
By Fed Newswire | Jun 28, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Village Bank and Trust Financial Corp (PDF), Midlothian, Virginia Written Agreement dated June 26, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jun 27, 2012
News Release: The Federal Reserve Board announced on Wednesday that Chairman Ben S. Bernanke will host a town hall meeting with educators from across the country on August 7. The educators will join the Chairman in the Board Room of the Federal Reserve Board's main building in Washington, D.C., and will gather in ...
By Fed Newswire | Jun 26, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Crown Bankshares, Inc. (PDF), Edina, Minnesota Written Agreement dated June 22, 2012 Delmar Bancorp (PDF), Salisbury, Maryland Written Agreement dated June 21, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jun 25, 2012
News Release: Jeremy C. Stein and Jerome H. Powell were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Monday in the atrium of the Board's main building in Washington. Friends, family and Board employees attended the ceremony, which was presided over by Federal Reserve Chairman Ben S. Bernanke.
By Fed Newswire | Jun 21, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Frontier National Corporation (PDF), Chelsea, Alabama Written Agreement dated June 18, 2012 One Financial Corporation (PDF), Little Rock, Arkansas Written Agreement dated June 13, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jun 21, 2012
News Release: The Office of the Comptroller of the Currency and the Federal Reserve Board Thursday released guidance that will be used in determining the compensation or other remedy that borrowers will receive for financial injury identified during the Independent Foreclosure Review.
By Fed Newswire | Jun 21, 2012
News Release: The Federal Reserve Board on Thursday joined with four other financial regulatory agencies in issuing guidance concerning mortgage servicing practices that may pose risks to homeowners serving in the military.
By Fed Newswire | Jun 20, 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 June 19-20 meeting of the Committee.
By Fed Newswire | Jun 20, 2012
News Release: Information received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household ...
By Fed Newswire | Jun 14, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Calvert Financial Corporation and Mainstreet Bank (PDF), both of Ashland, Missouri Written Agreement dated June 5, 2012 Commerzbank AG, Frankfurt am Main, Germany, and Commerzbank AG New York Branch (PDF), ...
