By Fed Newswire | Apr 19, 2012
News Release: The Federal Reserve Board on Thursday announced its approval of a statement clarifying that an entity covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the so-called Volcker Rule, has the full two-year period provided by the statute to fully conform its activities ...
By Fed Newswire | Apr 16, 2012
News Release: The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) today published the final report on the Principles for Financial Market Infrastructures. The report updates, harmonizes, and strengthens the risk management ...
By Fed Newswire | Apr 16, 2012
News Release: The Federal Reserve Board on Monday issued a consent cease and desist order and assessed a $6 million civil money penalty against the Bank of New York Mellon (BNYM), New York, New York, a state-chartered bank that is a member of the Federal Reserve System. The order addresses allegations that BNYM breached ...
By Fed Newswire | Apr 12, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: NCAL Bancorp (PDF), Los Angeles, California Written Agreement dated April 3, 2012 Raton Capital Corporation (PDF), Raton, New Mexico Written Agreement dated April 10, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Apr 10, 2012
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from February 6 through March 12, 2012.
By Fed Newswire | Apr 10, 2012
News Release: The Federal Reserve Board on Tuesday announced the issuance of a Final Decision and a Cease and Desist Order against Louis A. DeNaples, an institution-affiliated party of First National Community Bancorp ("First National"), Dunmore, Pennsylvania, and Urban Financial Group, Inc. ("Urban Financial"), Bridgeport, ...
By Fed Newswire | Apr 5, 2012
News Release: The Federal Reserve Board on Thursday announced the approval of a final rule to simplify the administration of reserve requirements and reduce administrative and operational costs for depository institutions and Federal Reserve Banks. The rule does not affect the stance of monetary policy.
By Fed Newswire | Apr 5, 2012
News Release: The Federal Reserve Board on Thursday released a policy statement reiterating that statutes and Federal Reserve regulations permit rental of residential properties acquired in foreclosure as part of an orderly disposition strategy. The statement also outlines supervisory expectations for residential rental activities.
By Fed Newswire | Apr 3, 2012
News Release: The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on March 13, 2012.
By Fed Newswire | Apr 3, 2012
News Release: The Federal Reserve Board on Tuesday announced a Consent Order against Morgan Stanley to address a pattern of misconduct and negligence in residential mortgage loan servicing and foreclosure processing at its subsidiary, Saxon Mortgage Services, Inc.
By Fed Newswire | Apr 3, 2012
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: First Bancshares, Inc., of Cold Spring, Cold Spring, Minnesota Written Agreement dated Aug. 16, 2010 Terminated March 29, 2012 Search of Federal Reserve enforcement actions.
By Fed Newswire | Apr 2, 2012
News Release: The Federal Reserve Board on Monday issued a consent cease and desist order and assessed a $975,000 civil money penalty against Banco Espírito Santo S.A. (BES), Lisbon, Portugal, and its affiliate in the United States, Espírito Santo e Comercial de Lisboa, Inc., Newark, New Jersey (ESCLINC). ESCLINC ...
By Fed Newswire | Apr 2, 2012
News Release: The Federal Reserve Board on Monday requested comment on a proposed amendment to the Board's Notice of Proposed Rulemaking (NPR) issued Feb. 11, 2011, to establish requirements for determining whether a company is "predominantly engaged in financial activities." Under Title 1 of the Dodd-Frank Wall ...
By Fed Newswire | Mar 30, 2012
News Release: Three federal financial regulatory agencies on Friday issued guidance clarifying that the effective date of section 716, the so-called Swaps Pushout provision, of the Dodd-Frank Wall Street Reform and Consumer Protection Act is July 16, 2013. The guidance is being issued by the Board of Governors of ...
By Fed Newswire | Mar 27, 2012
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Orrstown Financial Services, Inc, and Orrstown Bank (PDF), both of Shippensburg, Pennsylvania Written Agreement dated March 22, 2012 The Federal Reserve Board also announced the termination of the enforcement ...
By Fed Newswire | Mar 26, 2012
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency (the agencies) are seeking comment on proposed revisions to the interagency leveraged finance guidance issued in 2001. Transactions that are covered by this guidance ...
By Fed Newswire | Mar 22, 2012
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Remer Bancorporation, Inc. (PDF), Remer, Minnesota Written Agreement dated March 19, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Mar 21, 2012
News Release: The Federal Reserve Board on Wednesday announced its approval of the application by Adam Bank Group, Inc., Tampa, Florida, to acquire Brazos Valley Bank, National Association, College Station, Texas.
By Fed Newswire | Mar 20, 2012
News Release: The Federal Reserve System on Tuesday released the 2011 combined annual comparative financial statements for the Federal Reserve Banks, as well as for the 12 individual Federal Reserve Banks, the limited liability companies (LLCs) that were created to respond to strains in financial markets, and the Board of Governors. These financial statements are audited annually by an independent auditing firm.
By Fed Newswire | Mar 20, 2012
News Release: On March 19, 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: A23 Competitive Amount Offered: $3,000,000,000 Competitive Amount Tendered: $11,408,260,000 Competitive Amount ...
