By Fed Newswire | Nov 30, 2010
News Release: Bentley University won the seventh annual national College Fed Challenge on Tuesday. The team from Waltham, Massachusetts represented the First Federal Reserve District and included Christina J. Harstad, Satyajeet Jadhavrao, Pranay Kumar Jain, Peter Jurik, David Norrish, Victoria Tran, and faculty advisors David Gulley and Aaron Jackson.
By Fed Newswire | Nov 30, 2010
News Release: On Nov. 29, 2010, 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: A15 Competitive Amount Offered: $ 5,000,000,000 Competitive Amount Tendered: $ 14,664,090,000 Competitive Amount ...
By Fed Newswire | Nov 30, 2010
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings on October 18 and Nov. 1, 2010.
By Fed Newswire | Nov 30, 2010
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: FCB Financial Corp. (62 KB PDF), Savannah, Georgia Written Agreement dated Nov. 12, 2010 First South Bancorp, Inc. (44 KB PDF), Spartanburg, South Carolina Written Agreement dated Nov. 23, 2010 ...
By Fed Newswire | Nov 24, 2010
News Release: On Monday, Nov. 29, 2010, 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.
By Fed Newswire | Nov 23, 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 November 2-3, 2010 and of the conference call held on Oct. 15, 2010. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the November 2-3, 2010 meeting is also included as an addendum to these minutes.
By Fed Newswire | Nov 23, 2010
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: America's Community Bank (87 KB PDF), Blue Springs, Missouri Written Agreement dated Nov. 17, 2010 Cadence Financial Corporation (64 KB PDF), Starkville, Mississippi Written Agreement dated November ...
By Fed Newswire | Nov 19, 2010
News Release: The Federal Reserve Board on Friday announced its approval of the proposal by Centennial Bank, Conway, Arkansas, to acquire assets and assume liabilities of Gulf State Community Bank, Carrabelle, Florida.
By Fed Newswire | Nov 18, 2010
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Farmers State Bank (158 KB PDF), Victor, Montana Written Agreement dated Nov. 12, 2010 Legacy Bank (44 KB PDF), Milwaukee, Wisconsin Prompt Corrective Action Directive dated Nov. 16, 2010 Progressive Growth Corp. (44 KB PDF), Gaylord, Minnesota Written Agreement dated Nov. 15, 2010 Search of Federal Reserve enforcement actions.
By Fed Newswire | Nov 17, 2010
News Release: The Federal Reserve Board on Wednesday issued guidelines for evaluating proposals by large bank holding companies (BHCs) to undertake capital actions in 2011, such as increasing dividend payments or repurchasing or redeeming stock. The criteria provide a common, conservative approach to ensure that BHCs hold adequate capital to maintain ready access to funding, continue operations, and continue to serve as credit intermediaries, even under adverse conditions.
By Fed Newswire | Nov 17, 2010
News Release: The Federal Reserve Board on Wednesday requested comment on a proposed rule to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that give banking firms a defined period of time to conform their activities and investments to the so-called Volcker Rule.
By Fed Newswire | Nov 16, 2010
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Fentura Financial, Inc. (57 KB PDF), Fenton, Michigan Written Agreement dated November 4, 2010 First Personal Financial Corp. (49 KB PDF), Orland Park, Illinois Written Agreement dated Nov. 1, 2010 Valley Community Bancorp, Inc. (48 KB PDF), St. Charles, Illinois Written Agreement dated Nov. 1, 2010 Search of Federal Reserve enforcement actions.
By Fed Newswire | Nov 15, 2010
News Release: In light of the Thanksgiving holiday, the minutes of the November 2-3 meeting of the Federal Open Market Committee (FOMC) and a summary of participants' economic projections will be released at 2 p.m. EST on Tuesday, Nov. 23, one day earlier than normal. The minutes of each regularly scheduled meeting ...
By Fed Newswire | Nov 10, 2010
News Release: A new online resource from the Federal Reserve provides practical answers to questions about credit reports, credit scores, and the importance of protecting personal credit histories. The Consumer's Guide to Credit Reports and Credit Scores describes the content of a credit report, explains how a credit score is used, and discusses the role of credit bureaus in collecting and disseminating this information.
By Fed Newswire | Nov 9, 2010
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Bank of Choice Holding Company (68 KB PDF), Greeley, Colorado Written Agreement dated Nov. 2, 2010 Cascade Financial Corporation (64 KB PDF), Everett, Washington Written Agreement dated November 4, 2010 Crete Bancorporation, Inc. (52 KB PDF), Crete, Illinois Written Agreement date Nov. 1, 2010 Search of Federal Reserve enforcement actions.
By Fed Newswire | Nov 4, 2010
News Release: The Federal Reserve Board on Thursday established the Office of Financial Stability Policy and Research and appointed Board economist J. Nellie Liang as its director.
By Fed Newswire | Nov 4, 2010
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: 1st Brookfield, Inc. (46 KB PDF), Brookfield, Illinois Written Agreement dated Oct. 28, 2010 Hometown of Homestead Banking Company (44 KB PDF), Homestead, Florida Written Agreement dated Nov. 1, 2010 Search of Federal Reserve enforcement actions
By Fed Newswire | Nov 3, 2010
News Release: Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in output and employment continues to be slow. Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight ...
By Fed Newswire | Nov 2, 2010
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Northern California Bancorp, Inc. (49 KB PDF), Monterey, California Written Agreement dated Oct. 29, 2010 Search of Federal Reserve enforcement actions
By Fed Newswire | Nov 1, 2010
News Release: The Federal Reserve Board on Monday announced the approval of fee schedules, effective Jan. 3, 2011, 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.
