By Fed Newswire | Jan 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 Dec. 13, 2011 and of the conference call held on Nov. 28, 2011.
By Fed Newswire | Dec 27, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: First St. Charles Bancshares, Inc. (PDF), Boutte, Louisiana Written Agreement dated Dec. 21, 2011 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 23, 2011
News Release: The Federal Reserve Board on Friday released a statement concerning its action of Dec. 19, 2011, approving the application by The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania, and PNC Bancorp, Inc., Wilmington, Delaware, to acquire RBC Bank (USA), Raleigh, North Carolina. Attached is the Board's statement relating to this action.
By Fed Newswire | Dec 23, 2011
News Release: Four federal agencies on Friday extended until Feb. 13, 2012, the comment period on a proposal to implement the so-called Volcker Rule of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank Act requires regulators to implement certain prohibitions and restrictions on the ...
By Fed Newswire | Dec 23, 2011
News Release: The Federal Reserve Board on Friday issued a final notice for a two-year phase-in period for most savings and loan holding companies (SLHCs) to file Federal Reserve regulatory reports and an exemption for some SLHCs from initially filing Federal Reserve regulatory reports.
By Fed Newswire | Dec 22, 2011
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Bank of Hampton Roads (PDF), Norfolk, Virginia, successor by merger with Gateway Bank and Trust, Elizabeth City, North Carolina Order of assessment of civil money penalty in the amount of $33,600, dated Dec. 13, 2011.
By Fed Newswire | Dec 20, 2011
News Release: The Federal Reserve Board on Tuesday proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms. The proposal, which includes a wide range of measures addressing issues such as capital, liquidity, credit exposure, stress testing, risk management, and early remediation requirements, is mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
By Fed Newswire | Dec 19, 2011
News Release: The Federal Reserve Board on Monday announced its approval of the application by The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania, and PNC Bancorp, Inc., Wilmington, Delaware, to acquire RBC Bank (USA), Raleigh, North Carolina. A statement of the reasons for the Board's approval will be issued shortly.
By Fed Newswire | Dec 19, 2011
News Release: The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments ...
By Fed Newswire | Dec 16, 2011
News Release: The Federal Reserve Board on Friday announced its approval of the application by Banco do Brasil, S.A., Brasilia, and Caixa de Previdência dos Funcionarios do Banco do Brasil, Rio de Janiero, all of Brazil, to acquire EuroBank, Coral Gables, Florida.
By Fed Newswire | Dec 16, 2011
News Release: The Federal Reserve Board on Friday announced its approval of the proposal by Bankia, S.A., Valencia, Spain, to establish a branch in Miami, Florida.
By Fed Newswire | Dec 13, 2011
News Release: Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding moderately, notwithstanding some apparent slowing in global growth. While indicators point to some improvement in overall labor market conditions, the unemployment rate remains elevated. ...
By Fed Newswire | Dec 13, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Alliance Financial Services, Inc. (PDF), Saint Paul, Minnesota Written Agreement dated December 8, 2011 Patriot Bancshares, Inc. (PDF), Houston, Texas, and Patriot Holdings Nevada, Inc., Reno, Nevada Written Agreement dated Nov. 17, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Dec 12, 2011
News Release: The Federal Reserve Board on Monday announced the issuance of a Consent Order of Prohibition against Tyrone Green, a former precious metals trader at the New York Agency of the Bank of Nova Scotia, Toronto, Ontario, Canada. Green, without admitting to any allegations, consented to the issuance of the ...
By Fed Newswire | Dec 8, 2011
News Release: The Federal Reserve Board on Thursday announced the appointment of Steven B. Kamin as director of the Division of International Finance, effective December 11.
By Fed Newswire | Dec 8, 2011
News Release: The Federal Reserve Board on Thursday announced its approval of the application of Brookline Bancorp, Inc., Brookline, Massachusetts, to acquire Bancorp Rhode Island, Inc. and its subsidiary bank, Bank Rhode Island, both of Providence, Rhode Island.
By Fed Newswire | Dec 7, 2011
News Release: Agencies Seek Comment on Additional Revisions to the Market Risk Capital Rules The federal bank regulatory agencies today announced they are seeking comment on a notice of proposed rulemaking (NPR) that would amend an earlier NPR announced in December 2010. The initial NPR proposed modifications to the agencies' market risk capital rules for banking organizations with significant trading activities.
By Fed Newswire | Dec 6, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Waccamaw Bank (PDF), Whiteville, North Carolina Prompt Corrective Action Directive dated Dec. 2, 2011 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 5, 2011
News Release: The Federal Reserve Board on Monday announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2012.
By Fed Newswire | Nov 30, 2011
News Release: The Federal Reserve Board on Wednesday announced the appointment of Michael S. Gibson as director of the Division of Banking Supervision and Regulation, effective Jan. 1, 2012.
