By Fed Newswire | Jun 22, 2011
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached table and charts summarizing the economic projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the June 21-22 meeting of the Committee.
By Fed Newswire | Jun 22, 2011
News Release: Information received since the Federal Open Market Committee met in April indicates that the economic recovery is continuing at a moderate pace, though somewhat more slowly than the Committee had expected. Also, recent labor market indicators have been weaker than anticipated. The slower pace of the ...
By Fed Newswire | Jun 21, 2011
News Release: The Federal Reserve Board on Tuesday announced its approval of the applications and notices by Bank of Montreal, Toronto, Canada, and its subsidiaries, Harris Financial Corp., Harris Bankcorp, Inc., and Mike Merger Sub, LLC, all of Chicago, Illinois, to acquire Marshall & Ilsley Corporation and M&I Marshall ...
By Fed Newswire | Jun 20, 2011
News Release: The Federal Reserve Board on Monday announced its approval of the application by United Bankshares, Inc. and its wholly owned subsidiary, UBC Holding Company, Inc., both of Charleston, West Virginia, to acquire Centra Financial Holdings, Inc. and its subsidiary bank, Centra Bank, Inc., both of Morgantown, West Virginia.
By Fed Newswire | Jun 20, 2011
News Release: The Federal Reserve Board on Monday issued a proposed rule under Regulation B to clarify that motor vehicle dealers temporarily are not required to comply with certain data collection requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) until the Board issues ...
By Fed Newswire | Jun 14, 2011
News Release: The Federal Reserve Board on Tuesday announced its approval of the proposal by Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan, to acquire up to 24.9 percent of the voting shares of Morgan Stanley, New York, New York, and thereby indirectly acquire an interest in Morgan Stanley's subsidiary banks, Morgan Stanley Bank, National Association, Salt Lake City, Utah; and Morgan Stanley Private Bank, National Association, Purchase, New York.
By Fed Newswire | Jun 14, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Northwest Bancorporation of Illinois, Inc., (60 KB PDF) Palatine, Illinois Written Agreement dated June 7, 2011 The Federal Reserve Board also announced the termination of the enforcement action listed below: ...
By Fed Newswire | Jun 14, 2011
News Release: Three federal banking regulatory agencies adopted a final rule that establishes a floor for the risk-based capital requirements applicable to the largest, internationally active banking organizations. The rule, finalized by the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, is consistent with the requirements of Section 171 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
By Fed Newswire | Jun 13, 2011
News Release: The Federal Reserve Board on Monday published its annual adjustment to the amount of fees that triggers additional disclosure requirements under the Truth in Lending Act and the Home Ownership and Equity Protection Act of 1994 for home mortgage loans that bear rates or fees above a certain amount.
By Fed Newswire | Jun 13, 2011
News Release: The Federal Reserve Board on Monday adjusted Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) by increasing the dollar threshold for exempt consumer credit and lease transactions. Transactions at or below the threshold are subject to the protections of the regulations. These adjustments ...
By Fed Newswire | Jun 13, 2011
News Release: The Federal Reserve Board on Monday announced the adoption of an interim final rule that allows small bank holding companies that are S-Corps or that are organized in mutual form to exclude subordinated debt issued to Treasury under the Small Business Lending Fund (SBLF) from treatment as "debt" for purposes of the debt-to-equity standard under the Board's Small Bank Holding Company Policy Statement.
By Fed Newswire | Jun 10, 2011
News Release: The Federal Reserve Board is seeking comment on a proposal to require top-tier U.S. bank holding companies with total consolidated assets of $50 billion or greater to submit annual capital plans for review.
By Fed Newswire | Jun 9, 2011
News Release: The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation are seeking comment on proposed supervisory guidance regarding stress-testing practices at banking organizations with total consolidated assets of more than $10 billion.
By Fed Newswire | Jun 7, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Cornerstone Holding Company, Inc., (20 KB PDF) Fargo, North Dakota Written Agreement dated May 27, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jun 7, 2011
News Release: Six federal agencies have approved and will submit a Federal Register notice that extends the comment period on the proposed rules to implement the credit risk retention requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period was extended to Aug. 1, 2011, to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by June 10, 2011.
By Fed Newswire | Jun 3, 2011
News Release: The Federal Reserve Board announced Friday that the Consumer Advisory Council will hold its next meeting on Thursday, June 16. The meeting will take place in Dining Room E, Terrace Level, in the Board's Martin Building. The session will begin at 9:00 a.m. and is open to the public. For security purposes, ...
By Fed Newswire | Jun 2, 2011
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: F & M Holding Company, Inc., (61 KB PDF) Manchester, Georgia Written Agreement dated May 31, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jun 1, 2011
News Release: On May 31, 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: A18 Competitive Amount Offered: $5,000,000,000 Competitive Amount Tendered: $10,855,990,000 Competitive Amount Awarded: ...
By Fed Newswire | Jun 1, 2011
News Release: The federal bank and thrift regulatory agencies today announced the availability of the 2011 list of distressed or underserved nonmetropolitan middle-income geographies where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as "community development." ...
By Fed Newswire | May 31, 2011
News Release: David J. Stockton, director of the Division of Research and Statistics, will retire on September 30 after 30 years of service with the Federal Reserve Board, including 11 years as the director of the division. In addition to overseeing the division's 325 employees, he has been responsible for briefing ...
