By Fed Newswire | Oct 28, 2010
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: CCF Holding Company (48 KB PDF), Jonesboro, Georgia Written Agreement dated Oct. 19, 2010 First Commercial Bank of Florida (45 KB PDF), Orlando, Florida Prompt Corrective Action Directive dated Oct. 25, 2010 Omega Capital Corp. (50 KB PDF), Centennial, Colorado Written Agreement dated Oct. 20, 2010
By Fed Newswire | Oct 26, 2010
News Release: The Federal Reserve Board on Tuesday announced its approval of the proposal by SKBHC Holdings LLC, Corona del Mar, California, to become a bank holding company and to acquire all the voting shares of Starbuck Bancshares, Inc. ("Bancshares") and indirectly acquire Bancshares' wholly owned subsidiary bank, The First National Bank of Starbuck, both of Starbuck, Minnesota. Attached is the Board's Order relating to this action.
By Fed Newswire | Oct 26, 2010
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: FNB United Corp., Asheboro (57 KB PDF), North Carolina Written Agreement dated Oct. 21, 2010 First Southwest Bancorporation, Inc. (43 KB PDF), Alamosa, Colorado Written Agreement dated Oct. 20, 2010 Search of Federal Reserve enforcement actions
By Fed Newswire | Oct 26, 2010
News Release: The Federal Reserve Board on Tuesday announced the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2011. These amounts are used in the calculation of reserve requirements of depository institutions. The Board also announced the annual indexing of the nonexempt deposit cutoff level and the reduced reporting limit that will be used to determine deposit reporting panels effective 2011.
By Fed Newswire | Oct 25, 2010
News Release: A new publication, Addressing the Impact of the Foreclosure Crisis, details the innovative, community-based foreclosure prevention and neighborhood stabilization activities sponsored by the Federal Reserve as part of its Mortgage Outreach and Research Efforts (MORE) initiative.
By Fed Newswire | Oct 25, 2010
News Release: The Federal Reserve Board on Monday released a report that contains payment and account information about more than 1,000 agreements between credit card issuers and institutions of higher education or affiliated organizations that provide for the issuance of credit cards to students. The Board also launched an online database with additional information such as the terms of these agreements.
By Fed Newswire | Oct 19, 2010
News Release: The Federal Reserve Board on Tuesday issued a report on the potential impact of credit risk retention requirements on securitization markets. The report was required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank Act also requires the Federal Reserve and other agencies to jointly implement risk retention requirements for securitizers or originators of assets securitized through the issuance of asset-backed securities.
By Fed Newswire | Oct 19, 2010
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from August 23 through Sept. 20, 2010.
By Fed Newswire | Oct 19, 2010
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: 1st Financial Services Corporation (57 KB PDF), Hendersonville, North Carolina Written Agreement dated Oct. 13, 2010 Highlands Bankshares, Inc. and Highlands Union Bank (127 KB PDF), both of Abingdon, ...
By Fed Newswire | Oct 19, 2010
News Release: The Federal Reserve Board on Tuesday announced a final rule implementing recent legislation modifying the effective date of certain disclosure requirements applicable to gift cards under the Credit Card Accountability Responsibility and Disclosure Act of 2009.
By Fed Newswire | Oct 19, 2010
News Release: The Federal Reserve Board on Tuesday proposed a rule amending Regulation Z (Truth in Lending) to clarify aspects of the Board's rules protecting consumers who use credit cards. The proposal is intended to enhance protections for consumers and to resolve areas of uncertainty so that card issuers fully ...
By Fed Newswire | Oct 18, 2010
News Release: The Federal Reserve Board on Monday announced an interim final rule to ensure that real estate appraisers are free to use their independent professional judgment in assigning home values without influence or pressure from those with interests in the transactions. The rule also seeks to ensure that appraisers receive customary and reasonable payments for their services.
By Fed Newswire | Oct 14, 2010
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Gregg Bancshares, Inc. (44 KB PDF), Springfield, Missouri Written Agreement dated October 5, 2010 Investors Financial Corporation of Pettis County, Inc. (59 KB PDF), Sedalia, Missouri Written Agreement dated Oct. 12, 2010 Search of Federal Reserve enforcement actions.
By Fed Newswire | Oct 12, 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 Sept. 21, 2010.
By Fed Newswire | Oct 8, 2010
News Release: The Federal Reserve Board announced Friday that the Consumer Advisory Council will hold its next meeting on Thursday, October 21. 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 | Oct 7, 2010
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: NexTier Incorporated (57 KB PDF), Butler, Pennsylvania Written Agreement dated October 4, 2010 Valley Financial Corporation and Valley Bank (98 KB PDF), both of Roanoke, Virginia Written Agreement dated Sept. 30, 2010 Search of Federal Reserve enforcement actions.
By Fed Newswire | Oct 7, 2010
News Release: The Federal Reserve Board on Thursday announced the issuance of a consent Cease and Desist Order between HSBC North America Holdings, Inc. (HNAH), New York, New York, a registered bank holding company, and the Federal Reserve Board. The order requires HNAH to take corrective action to improve its firmwide compliance risk-management program, including its anti-money laundering compliance risk management.
By Fed Newswire | Oct 5, 2010
News Release: On October 4, 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: A14 Competitive Amount Offered: $5,000,000,000 Competitive Amount Tendered: $13,608,290,000 Competitive Amount ...
By Fed Newswire | Oct 5, 2010
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Financial Bancshares Company (47 KB PDF), Becker, Minnesota Written Agreement dated Sept. 30, 2010 HomeStar Financial Group, Inc. (46 KB PDF), Manteno, Illinois Written Agreement dated Sept. 27, 2010 Neighborhood Bank Corporation (44 KB PDF), Palatka, Florida Written Agreement dated Sept. 20, 2010 Search of Federal Reserve enforcement actions.
By Fed Newswire | Oct 4, 2010
News Release: Janet L. Yellen and Sarah Bloom Raskin on Monday took the oath of office as members of the Board of Governors of the Federal Reserve System. Dr. Yellen was also sworn in as Vice Chair of the Board. The oaths were administered by Chairman Ben S. Bernanke in the Board Room.
