Stories by Fed Newswire on Federal Newswire


Board issues enforcement actions with Community Banks of Georgia, Inc., PlainsCapital Bank, and PrimeLending

News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Community Banks of Georgia, Inc. (63 KB PDF), Jasper, Georgia Written Agreement dated May 24, 2011 PlainsCapital Bank, and PrimeLending, a PlainsCapital Company (110 KB PDF), Dallas, Texas.


Board issues enforcement actions with Community Financial Shares, Inc, Four Oaks Fincorp, Inc. and Four Oaks Bank & Trust Company, North Texas Bancshares, Inc., and Provident Community Bancshares, Inc.

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Community Financial Shares, Inc. (59 KB PDF), Glen Ellyn, Illinois Written Agreement dated May 23, 2011 Four Oaks Fincorp, Inc. and Four Oaks Bank & Trust Company (158 KB PDF), both of Four Oaks, North ...


Federal Reserve offers $5 billion in 28-day term deposits through its Term Deposit Facility

News Release: On Tuesday, May 31, 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 ...


Minutes of Board discount rate meetings on April 4 and April 25, 2011

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings on April 4 and April 25, 2011.


Board issues enforcement action with BW Bancorp

News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: BW Bancorp (54 KB PDF), Ely, Minnesota Written Agreement dated May 20, 2011 Search of Federal Reserve enforcement actions.


Minutes of the Federal Open Market Committee, April 26-27, 2011

News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 26-27, 2011. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the April 26-27, 2011 meeting is also included as an addendum to these minutes.


Approval of proposal by Hancock Holding Company

News Release: The Federal Reserve Board on Friday announced its approval of the application of Hancock Holding Company, Gulfport, Mississippi, to acquire Whitney Holding Corporation, and indirectly acquire Whitney's wholly owned subsidiary bank, Whitney National Bank, both of New Orleans, Louisiana.


Federal Reserve proposes rule under Regulation E to create new consumer protections for remittance transfers

News Release: The Federal Reserve Board on Thursday requested public comment on a proposed rule that would create new protections for consumers who send remittance transfers to recipients located in a foreign country.


Board issues enforcement actions with Calwest Bancorp, First Financial Service Corporation,and Regent Bancorp, Inc.

News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Calwest Bancorp (60 KB PDF), Rancho Santa Margarita, California Written Agreement dated April 29, 2011 First Financial Service Corporation (73 KB PDF), Elizabethtown, Kentucky Written Agreement dated April 20, 2011 Regent Bancorp, Inc. (69 KB PDF), Davie, Florida Written Agreement dated April 25, 2011 Search of Federal Reserve enforcement actions.


Board issues enforcement action with The Leaders Group, Inc.

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: The Leaders Group, Inc. (71 KB PDF), Oak Brook, Illinois Written Agreement dated April 26, 2011 Search of Federal Reserve enforcement actions.


Federal Reserve Board and FOMC release table summarizing economic projections from the April 26-27 FOMC meeting

News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached table summarizing the economic projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the April 26-27 meeting of the Committee.


FOMC statement

News Release: Information received since the Federal Open Market Committee met in March indicates that the economic recovery is proceeding at a moderate pace and overall conditions in the labor market are improving gradually. Household spending and business investment in equipment and software continue to expand. ...


Approval of proposal by M&T Bank Corporation and Manufacturers and Traders Trust Company

News Release: The Federal Reserve Board on Tuesday announced its approval of the application and notice under sections 3 and 4 of the Bank Holding Company Act by M&T Bank Corporation, Buffalo, New York, to acquire Wilmington Trust Corporation, and thereby indirectly acquire its subsidiary bank, Wilmington Trust Company, ...


Board issues enforcement actions with First Southern Bancorp, Community Bankers Trust Corporation, and Essex Bank

News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Community Bankers Trust Corporation, Glen Allen, Virginia, and Essex Bank, Tappahannock, Virginia (36 KB PDF) Written Agreement dated April 21, 2011 First Southern Bancorp (15 KB PDF), Statesboro, Georgia Written Agreement dated April 20, 2011 Search of Federal Reserve enforcement actions


Board issues enforcement actions with Premier Bancorp, Inc. and Syringa Bancorp

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Premier Bancorp, Inc. (18 KB PDF), Wilmette, Illinois Written Agreement dated April 18, 2011 Syringa Bancorp (18 KB PDF), Boise, Idaho Written Agreement dated April 18, 2011 Search of Federal Reserve enforcement actions.


Federal Reserve invites comment on two bankruptcy-related studies that it will conduct

News Release: The Federal Reserve Board on Thursday issued a request for public information and comment on two bankruptcy-related studies that it is required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act.


Board issues enforcement action with TransPecos Financial Corp.

News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: TransPecos Financial Corp. (47 KB PDF), San Antonio, Texas, and TransPecos Banks, Pecos, Texas Written Agreement dated April 13, 2011 Search of Federal Reserve enforcement actions.


Federal Reserve proposes rule under Regulation Z pertaining to a consumer’s ability to repay a mortgage and minimum mortgage underwriting standards

News Release: The Federal Reserve Board on Tuesday requested public comment on a proposed rule under Regulation Z that would require creditors to determine a consumer's ability to repay a mortgage before making the loan and would establish minimum mortgage underwriting standards.


Federal Reserve redesigns the frequently asked questions section of its website

News Release: The Federal Reserve Board has redesigned and expanded the Current FAQs (frequently asked questions) section of its website. New questions and answers address the Federal Reserve's roles and actions, currency and coin, consumer issues, the banking and financial system, and the economy.


Cease and desist order and assessment of civil money penalties against Banco Industrial de Venezuela

News Release: The Board of Governors of the Federal Reserve System, the New York State Banking Department (NYSBD), and the Florida Office of Financial Regulation (OFR) Friday announced the issuance of a consent Cease and Desist Order and Assessment of Civil Money Penalties totaling $1.8 million against Banco Industrial de Venezuela, C.A. (BIV), Caracas, Venezuela, and BIV's agencies in New York and Miami.