Stories by Fed Newswire on Federal Newswire


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

News Release: On Monday, February 7, 2011 the Federal Reserve will offer $5 billion in 28-day term deposits through its Term Deposit Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation D, and the terms and conditions of the Term Deposit Facility.


Agencies propose changes in reporting requirements for OTS-regulated savings associations and savings and loan holding companies

News Release: The federal bank and thrift regulatory agencies announced proposed changes today to reporting requirements for savings associations and savings and loan holding companies regulated by the Office of Thrift Supervision (OTS).


Board issues enforcement action with Cokato Bancshares, Inc.

News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Cokato Bancshares, Inc. (42 KB PDF), Cokato, Minnesota Written Agreement dated Jan. 25, 2011 Search of Federal Reserve enforcement actions.


 Federal Reserve does not plan to proceed with finalizing three pending mortgage rulemakings under Regulation Z

News Release: The Federal Reserve Board on Tuesday announced that it does not expect to finalize three pending rulemakings under Regulation Z, which implements the Truth in Lending Act (TILA), prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau (CFPB).


Agencies announce start of  Nationwide Mortgage Licensing System and Registry

News Release: The federal bank, thrift and credit union regulatory agencies, along with the Farm Credit Administration, announce that the Nationwide Mortgage Licensing System and Registry will begin accepting federal registrations today.


Board issues prompt corrective action against Virginia Business Bank of Richmond

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Virginia Business Bank (42 KB PDF), Richmond, Virginia Prompt Corrective Action Directive dated Jan. 24, 2011 Search Federal Reserve enforcement actions.


FOMC statement

News Release: Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions. Growth in household spending picked up late last year, but remains ...


Board issues enforcement actions with Community Central Bank Corporation, Elgin Bancshares, Inc., Rocky Mountain Capital, and Rocky Mountain Bank

News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Community Central Bank Corporation (61 KB PDF), Mount Clemens, Michigan Written Agreement dated Jan. 19, 2011 Elgin Bancshares, Inc. (62 KB PDF), Elgin, Illinois Written Agreement dated Jan. 19, 2011 Rocky Mountain Capital and Rocky Mountain Bank (166 KB PDF), both of Wilson, Wyoming Written Agreement dated Jan. 20, 2011 Search of Federal Reserve enforcement actions


Board issues enforcement action with Intervest Bancshares Corporation

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Intervest Bancshares Corporation, New York, New York Written Agreement dated Jan. 14, 2011 Search of Federal Reserve enforcement actions


Federal Reserve sets up diversity and inclusion offices

News Release: The Federal Reserve on Tuesday announced the establishment of offices to promote diversity and inclusion at the Federal Reserve Board and at all 12 of the Federal Reserve Banks.


Federal Reserve announces online publication on rules about credit decisions and notices

News Release: Lenders often consider a consumer's credit history or credit score when deciding whether, and at what cost, to extend credit. A new online Federal Reserve publication helps consumers better understand new notices they may receive from lenders when credit reports or credit scores affect a decision to grant credit.


Minutes of Board discount rate meetings, November 22 through December 13, 2010

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings on November 22 and Dec. 13, 2010.


Consumer Advisory Council appointments for 2011

News Release: The Federal Reserve Board has named ten new members to its Consumer Advisory Council and designated a new Chair and Vice Chair of the Council for 2011.


Reserve Bank income and expense data and transfers to the Treasury for 2010

News Release: The Federal Reserve Board on Monday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $78.4 billion of their estimated 2010 net income of $80.9 billion to the U.S. Treasury. This represents a $31.0 billion increase in payments to the U.S. Treasury over 2009 ($47.4 billion of $53.4 billion of net income). The increase was due primarily to increased interest income earned on securities holdings during 2010.


Minutes of the Federal Open Market Committee, December 14, 2010

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. 14, 2010.


Board issues enforcement actions with Baylake Corp. and Bank and Saint Lucia Bancorp and Bank

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Baylake Corp., Sturgeon Bay, Wisconsin and Baylake Bank, Sturgeon Bay, Wisconsin Written Agreement dated Dec. 23, 2010 Santa Lucia Bancorp, Atascadero, California and Santa Lucia Bank, Atascadero, California Written Agreement dated Dec. 23, 2010 Search of Federal Reserve enforcement actions


Board issues enforcement action against BankEast

News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: BankEast (49 KB PDF), Knoxville, Tennessee Prompt Corrective Action Directive dated Dec. 22, 2010 Search of Federal Reserve enforcement actions.


Board issues enforcement actions with FEB Bancshares, Inc., First International Bancorp of Texas, Inc. and First International Bancorp, and Norcal Community Bancorp

News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: FEB Bancshares, Inc., Louisville, Alabama (44 KB PDF) Written Agreement dated Dec. 21, 2010 First International Bancorp of Texas, Inc., Plano, Texas, and First International Bancorp America, Reno, ...


Federal Reserve issues interim rule amending Regulation Z to clarify certain disclosure requirements of the Mortgage Disclosure Improvement Act

News Release: The Federal Reserve Board on Wednesday approved an interim rule amending Regulation Z, which implements the Truth in Lending Act (TILA). The Board is issuing this interim rule to clarify certain aspects of a Sept. 24, 2010 interim rule, in response to public comments. The September interim rule implements ...


FOMC statement: Federal Reserve, European Central Bank, Bank of Japan, Bank of Canada, Bank of England, and Swiss National Bank announce extension of temporary U.S. dollar liquidity swap facilities

News Release: The Federal Open Market Committee has authorized an extension through Aug. 1, 2011, of its temporary U.S. dollar liquidity swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank. The swap arrangements, established in May 2010, had been authorized through January 2011.