By Fed Newswire | May 16, 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 April 24-25, 2012. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the April 24-25, 2012 meeting is also included as an addendum to these minutes.
By Fed Newswire | May 15, 2012
News Release: On May 14, 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: A24 Competitive Amount Offered: $3,000,000,000 Competitive Amount Tendered: $10,871,250,000 Competitive Amount Awarded: ...
By Fed Newswire | May 15, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Grand Bankshares, Inc. (PDF), West Palm Beach, Florida Written Agreement dated May 9, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | May 14, 2012
News Release: Three federal banking agencies Monday issued a joint statement to clarify expectations for stress testing by community banks--banks, savings associations, and bank and savings and loan holding companies with $10 billion or less in total assets. The Board of Governors of the Federal Reserve System, the ...
By Fed Newswire | May 14, 2012
News Release: The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on Monday issued final supervisory guidance regarding stress-testing practices at banking organizations with total consolidated assets of more than $10 billion.
By Fed Newswire | May 10, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: AB&T Financial Corporation (PDF), Gastonia, North Carolina Written Agreement dated May 7, 2012 ACME Holding Company, Inc. (PDF), Employee Stock Ownership Plan, ACME Holding Company, Inc., and Allied Bank, all of Mulberry, Arkansas Written Agreement dated May 2, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | May 9, 2012
News Release: The Federal Reserve Board on Wednesday approved the application by Bank of China Limited, Beijing, People's Republic of China, to establish a branch in Chicago, Illinois.
By Fed Newswire | May 9, 2012
News Release: The Federal Reserve Board on Wednesday approved the application by Agricultural Bank of China Limited, Beijing, People's Republic of China, to establish a branch in New York, New York.
By Fed Newswire | May 9, 2012
News Release: The Federal Reserve Board on Wednesday announced its approval of the application by Industrial and Commercial Bank of China Limited, China Investment Corporation, and Central Huijin Investment Ltd., all of Beijing, People’s Republic of China, to become bank holding companies under section 3 of the Bank Holding Company Act of 1956, as amended, by acquiring up to 80 percent of the voting shares of The Bank of East Asia (U.S.A.) National Association, New York, New York.
By Fed Newswire | May 9, 2012
News Release: On Monday, May 14, 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 | May 1, 2012
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: MidSouth Bank, Murfreesboro, Tennessee Written Agreement dated August 5, 2010 Terminated April 26, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | May 1, 2012
News Release: The Federal Reserve Board on Tuesday published comparative information on the average debit card interchange fees that each payment card network charges acquirers (and indirectly merchants) and provides to debit card issuers.
By Fed Newswire | Apr 27, 2012
News Release: The Federal Reserve Board on Friday announced the appointment of Sharon Mowry as chief information officer and director of the Division of Information Technology.
By Fed Newswire | Apr 26, 2012
News Release: The Federal Reserve Board, along with the Federal Reserve Bank of Minneapolis and the Federal Reserve Bank of San Francisco, will sponsor a nationwide conference next week to explore ways to encourage economic growth in Native American communities.
By Fed Newswire | Apr 25, 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 April 24-25 meeting of the Committee.
By Fed Newswire | Apr 25, 2012
News Release: Information received since the Federal Open Market Committee met in March suggests that the economy has been expanding moderately. Labor market conditions have improved in recent months; the unemployment rate has declined but remains elevated. Household spending and business fixed investment have continued ...
By Fed Newswire | Apr 25, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Community First, Inc. (PDF), Columbia, Tennessee Written Agreement dated April 19, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: North Valley Bank, Zanesville, Ohio Written Agreement dated May 4, 2010 Terminated April 19, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Apr 24, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Community West Bancshares (PDF), Goleta, California Written Agreement dated April 23, 2012 Pacific International Bancorp (PDF), Seattle, Washington Written Agreement dated April 20, 2012 Truman Bank (PDF), ...
By Fed Newswire | Apr 20, 2012
News Release: The Federal Reserve Board on Friday announced the formation of the Model Validation Council, which will provide the Federal Reserve with expert and independent advice on its process to rigorously assess the models used in stress tests of banking institutions. In addition, the Federal Reserve announced ...
By Fed Newswire | Apr 19, 2012
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Citizens Republic Bancorp, Inc. and Citizens Bank, both of Flint, Michigan Written Agreement dated July 28, 2010 Terminated April 17, 2012 Search of Federal Reserve enforcement actions.
