By Fed Newswire | Aug 16, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Coastal Bankshares, Inc. (PDF), Savannah, Georgia Written Agreement dated Aug. 10, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Aug 12, 2011
News Release: The Federal Reserve Board on Friday issued an interim final rule establishing regulations for savings and loan holding companies (SLHCs). The rule will take effect once it is published in the Federal Register, which is expected soon.
By Fed Newswire | Aug 11, 2011
News Release: The Federal Reserve Board on Thursday announced the issuance of a Prompt Corrective Action Directive against Bank of the Eastern Shore (PDF), Cambridge, Maryland, a state-chartered member bank dated August 8, 2011.
By Fed Newswire | Aug 9, 2011
News Release: Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has ...
By Fed Newswire | Aug 9, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Mesaba Bancshares, Inc. (PDF), Grand Rapids, Minnesota Written Agreement dated Aug. 3, 2011 Reliance Bancshares, Inc. (PDF), Des Peres, Missouri Written Agreement dated July 14, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Aug 8, 2011
News Release: D. Nathan Sheets, director of the Division of International Finance, is stepping down after 18 years of service with the Federal Reserve Board, including nearly 4 years as the director of the division.
By Fed Newswire | Aug 5, 2011
News Release: Earlier today, Standard & Poor's rating agency lowered the long-term rating of the U.S. government and federal agencies from AAA to AA+. With regard to this action, the federal banking agencies are providing the following guidance to banks, savings associations, credit unions, and bank and savings and loan holding companies (collectively, banking organizations).
By Fed Newswire | Aug 2, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Suburban Illinois Bancorp, Inc. (PDF), Elmhurst, Illinois Written Agreement dated July 27, 2011 The First Bank of Baldwin (PDF), Baldwin, Wisconsin Written Agreement dated July 26, 2011 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jul 28, 2011
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: BANKWEST Financial, Inc. (PDF), Rockford, Minnesota Written Agreement dated July 22, 2011 Naples Bancorp, Inc. (PDF), Naples, Florida Written Agreement dated July 25, 2011 Old Second Bancorp, Inc. (PDF), ...
By Fed Newswire | Jul 28, 2011
News Release: The Federal Reserve Board is seeking comment on a proposal that sets standards for banking organizations regulated by the Federal Reserve that engage in certain types of foreign exchange transactions with retail customers.
By Fed Newswire | Jul 27, 2011
News Release: The Federal Reserve Board on Wednesday announced the issuance of a joint consent cease and desist order by and among The Royal Bank of Scotland Group plc, Edinburgh, Scotland (RBS Group), a registered bank holding company, and The Royal Bank of Scotland plc, Edinburgh, Scotland (RBS plc), a foreign bank, and its branches in New York and Connecticut.
By Fed Newswire | Jul 26, 2011
News Release: On July 25, 2011, the Federal Reserve conducted an auction of $5 billion in 28-day term deposits through its Term Deposit Facility. Following are the results of the auction: TDF Auction ID: A19 Competitive Amount Offered: $5,000,000,000 Competitive Amount Tendered: $6,324,000,000 Competitive Amount Awarded: ...
By Fed Newswire | Jul 26, 2011
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Credit Agricole, S.A., Paris, France and Credit Lyonnais, S.A., Paris, France Consent Order dated January 8, 2004 Terminated July 22, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jul 21, 2011
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: West Pointe Bancshares, Inc. (PDF), Oshkosh, Wisconsin Written Agreement dated July 15, 2011 The Federal Reserve Board also announced the termination of the enforcement action listed below: Alterra Bank (formerly known as 1st Financial Bank), Overland Park, Kansas Written Agreement dated June 16, 2009 Terminated June 29, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jul 21, 2011
News Release: The Federal Reserve Board is seeking comment on a notice that outlines the regulations previously issued by the Office of Thrift Supervision (OTS) that the Federal Reserve will continue to enforce after assuming supervisory responsibility for savings and loan holding companies (SLHCs).
By Fed Newswire | Jul 20, 2011
News Release: On Monday, July 25, 2011, the Federal Reserve will offer $5 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 | Jul 20, 2011
News Release: The Federal Reserve Board on Wednesday issued a consent cease and desist order and assessed an $85 million civil money penalty against Wells Fargo & Company of San Francisco, a registered bank holding company, and Wells Fargo Financial, Inc., of Des Moines. The order addresses allegations that Wells ...
By Fed Newswire | Jul 19, 2011
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from May 9 through June 20, 2011.
By Fed Newswire | Jul 19, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Jones Bancshares, L.P. and PrimeSouth Bancshares, Inc. (PDF), both of Waycross, Georgia Written Agreement dated July 12, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jul 14, 2011
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: First Sentinel Bank (PDF), Richlands, Virginia Order of assessment of civil money penalty dated July 7, 2011 Search of Federal Reserve enforcement actions.
