By Fed Newswire | Jun 13, 2012
News Release: The Federal Reserve Board on Wednesday announced the issuance of a Consent Order of Prohibition against Jerry Williams, the former President, Chief Executive Officer and Chairman of the board of directors, and a former institution-affiliated party of Orion Bancorp, Naples, Florida, a former registered bank holding company, and Orion Bank, Naples, Florida, a former state-member bank that failed in November 2009.
By Fed Newswire | Jun 12, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: ColoEast Bankshares, Inc. (PDF), Lamar, Colorado Written Agreement dated June 6, 2012 First Trust Corporation (PDF), New Orleans, Louisiana Written Agreement dated June 5, 2012 The Federal Reserve Board ...
By Fed Newswire | Jun 12, 2012
News Release: Agencies Seek Comment on Regulatory Capital Rules and Finalize Market Risk Rule The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) are seeking comment on three notices of proposed rulemaking ...
By Fed Newswire | Jun 7, 2012
News Release: The Federal Reserve Board on Thursday approved a final rule to implement changes to the market risk capital rule, which requires banking organizations with significant trading activities to adjust their capital requirements to better account for the market risks of those activities.
By Fed Newswire | Jun 7, 2012
News Release: The Federal Reserve Board on Thursday invited comment on three proposed rules intended to help ensure banks maintain strong capital positions, enabling them to continue lending to creditworthy households and businesses even after unforeseen losses and during severe economic downturns.
By Fed Newswire | Jun 5, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Mariner's Bancorp (PDF), Edgewater, New Jersey Written Agreement dated May 25, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: Paradise Bank, Boca Raton, Florida Written Agreement dated April 16, 2010 Terminated May 30, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jun 4, 2012
News Release: The Federal Reserve Board on Monday announced that it has restructured the G.19 statistical release, Consumer Credit, to reflect regulatory filing changes for U.S.-chartered depository institutions and, in addition to the data currently reported on level of credit outstanding, the release will now report data on the flow of credit. The revised data will be made available with the release of the April report on Thursday, June 7.
By Fed Newswire | Jun 4, 2012
News Release: Five federal supervisory agencies today released a Memorandum of Understanding (MOU) that clarifies how the agencies will coordinate their supervisory activities, consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act).
By Fed Newswire | May 31, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Battle Creek State Company, Inc. and Battle Creek State Bank, both of Battle Creek, Nebraska.
By Fed Newswire | May 30, 2012
News Release: Jeremy C. Stein on Wednesday took the oath of office as a member of the Board of Governors of the Federal Reserve System. The oath was administered by Chairman Ben S. Bernanke in the Board Room. President Obama announced his intention to nominate Dr. Stein on Dec. 27, 2011, and the Senate confirmed ...
By Fed Newswire | May 30, 2012
News Release: The Federal Reserve System is preparing an inventory of historical materials (PDF) to enhance transparency through improved web access to records of the Federal Reserve's past. The initiative is motivated by the 100th anniversary of the signing of the Federal Reserve Act in December 2013 and the 100th ...
By Fed Newswire | May 30, 2012
News Release: The Federal Reserve Board on Wednesday announced the approval of a final rule outlining the procedures for securities holding companies (SHCs) to elect to be supervised by the Federal Reserve. An SHC is a nonbank company that owns at least one registered broker or dealer.
By Fed Newswire | May 29, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Premier Bank (PDF), Denver, Colorado Prompt Corrective Action Directive dated May 23, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: Pacific Capital Bancorp, Santa Barbara, California Written Agreement dated May 11, 2010 Terminated May 23, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | May 25, 2012
News Release: Jerome H. Powell on Friday took the oath of office as a member of the Board of Governors of the Federal Reserve System. The oath was administered by Chairman Ben S. Bernanke in the Board Room. President Obama announced his intention to nominate Mr. Powell on Dec. 27, 2011, and the Senate confirmed ...
By Fed Newswire | May 24, 2012
News Release: The Federal Reserve Board on Thursday released action plans for Citigroup and HSBC Finance Corporation to correct deficiencies in residential mortgage loan servicing and foreclosure processing. It also released the engagement letter between Ally Financial Inc. and the independent consultant retained by Ally to review foreclosures that were in process in 2009 and 2010.
By Fed Newswire | May 23, 2012
News Release: The Federal Reserve Board on Wednesday announced the availability of a new video that explains how borrowers who believe they were financially harmed during the mortgage foreclosure process in 2009 and 2010 can apply for a free, independent foreclosure file review.
By Fed Newswire | May 22, 2012
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for April 2 and April 23, 2012.
By Fed Newswire | May 22, 2012
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Guaranty Bancorp and Guaranty Bank and Trust Company, both of Denver, Colorado Written Agreement dated Jan. 22, 2010 Terminated May 16, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | May 17, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: BankTennessee Bancshares, Inc. and BankTennessee, both of Collierville, Tennessee Written Agreement dated March 25, 2010 Terminated May 4, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | May 16, 2012
News Release: The Federal Open Market Committee (FOMC) on Wednesday announced a revised tentative meeting schedule for 2012 and a tentative meeting schedule for 2013. In order to provide ample time for the Committee's usual discussions, these meetings have been scheduled to take place over two days. In addition, the ...
