By Fed Newswire | Nov 1, 2011
News Release: The Federal Reserve Board on Tuesday announced that borrowers who believe they were financially harmed during the mortgage foreclosure process by four institutions in 2009 and 2010 can now request an independent review and potentially receive compensation.
By Fed Newswire | Oct 31, 2011
News Release: The Federal Reserve Board on Monday announced the approval of fee schedules, effective Jan. 3, 2012, for payment services the Federal Reserve Banks provide to depository institutions (priced services). The Board has also approved maintaining the current earnings credit rate on clearing balances.
By Fed Newswire | Oct 27, 2011
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Fox River Valley Bancorp, Inc. (PDF), Appleton, Wisconsin Written Agreement dated Oct. 21, 2011 Liberty Bancorp and Liberty Bank (PDF), both of South San Francisco, California Written Agreement dated Oct. 25, 2011 Parkway Bancorp, Inc. (PDF), Harwood Heights, Illinois Written Agreement dated Oct. 21, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Oct 26, 2011
News Release: The Federal Reserve Board on Wednesday announced the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2012. These amounts are used in the calculation of reserve requirements of depository institutions. The Board also announced the annual indexing of the nonexempt deposit cutoff level and the reduced reporting limit that will be used to determine deposit reporting panels effective 2012.
By Fed Newswire | Oct 25, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Border Capital Group, Inc. (PDF), McAllen, Texas Written Agreement dated Oct. 20, 2011 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Oct 24, 2011
News Release: The Federal Reserve Board on Monday announced the approval of a notice under section 4 of the Bank Holding Company Act by Westpac Banking Corporation, Sydney, Australia, to engage in certain nonbanking activities in the United States through the acquisition of all the voting shares of JOHCM (USA) General Partner Inc., Wilmington, Delaware, and its foreign parent company, J O Hambro Capital Management Limited, London, England.
By Fed Newswire | Oct 21, 2011
News Release: The Federal Reserve Board on Friday appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Community Banks of Colorado, of Greenwood Village, Colorado, a state-chartered bank and member of the Federal Reserve System. As of June 30, the bank had approximately $1.4 billion in assets.
By Fed Newswire | Oct 18, 2011
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from August 22 through Sept. 19, 2011.
By Fed Newswire | Oct 18, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Porter Bancorp, Inc., (PDF) Louisville, Kentucky Written Agreement dated Sept. 21, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Oct 17, 2011
News Release: The Federal Reserve Board on Monday announced the approval of a final rule to implement the resolution plan requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act.
By Fed Newswire | Oct 14, 2011
News Release: Washington--The federal agencies that supervise banks, thrifts, and credit unions, and the Farm Credit System, today published guidance that updates the Interagency Questions and Answers Regarding Flood Insurance that were most recently published on July 21, 2009 at 74 FR 35914-35947.
By Fed Newswire | Oct 13, 2011
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Anchor Commercial Bank (PDF), Juno Beach, Florida Prompt Corrective Action Directive dated Oct. 11, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Oct 12, 2011
News Release: The Federal Reserve Board and the Federal Open Market Committee (FOMC) on Wednesday released the attached minutes of the Committee meeting held on September 20-21, 2011.
By Fed Newswire | Oct 11, 2011
News Release: The Federal Reserve Board on Tuesday requested comment on proposed rules intended to simplify the administration of reserve requirements and reduce administrative and operational costs for both depository institutions and Reserve Banks. The proposals do not affect the stance of monetary policy.
By Fed Newswire | Oct 11, 2011
News Release: The Federal Reserve Board on Tuesday requested public comment on a proposed regulation implementing the so-called "Volcker Rule" requirements of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 619 generally contains two prohibitions. First, it prohibits insured depository ...
By Fed Newswire | Oct 6, 2011
News Release: The Federal Reserve Board on Thursday announced its approval of the proposal by Banco do Estado do Rio Grande do Sul S.A., Port Alegre, Brazil, to establish a branch in Miami, Florida.
By Fed Newswire | Oct 4, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Tennessee Valley Financial Holdings, Inc., Oak Ridge, Tennessee Written Agreement dated Sept. 26, 2011 The Federal Reserve Board also announced the termination of the enforcement action listed below: State Bank Financial, La Crosse, Wisconsin Written Agreement dated Sept. 13, 2010 Terminated Sept. 27, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Sep 28, 2011
News Release: The Federal Reserve Board today announced that a public administrative hearing will commence on Nov. 14, 2011, in connection with an enforcement action against Bryan T. Posey, former President and Director of Security Bank, Tulsa, Oklahoma, a state member bank.
By Fed Newswire | Sep 28, 2011
News Release: The Federal Reserve Board on Wednesday announced the issuance of a Consent Order of Prohibition against Max Grunhof, a former institution-affiliated party of First Pryority Bank, Pryor, Oklahoma, a state member bank The consent order resolved administrative charges brought by the Federal Reserve Board ...
By Fed Newswire | Sep 27, 2011
News Release: The Federal Reserve Board on Tuesday announced the approval of an application by The Bank of Fukuoka, Ltd., Fukuoka, Japan, to establish a representative office in New York, New York.
