Stories by Fed Newswire on Federal Newswire


Written agreement with Macatawa Bank Corporation

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Macatawa Bank Corporation, Holland, Michigan, a registered bank holding company, and the Federal Reserve Bank of Chicago.


Federal Reserve announces agenda for August 5 public hearing on Home Mortgage Disclosure Act

News Release: The Federal Reserve Board on Thursday announced the agenda and panelists for the second of four public hearings this year on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The event will be held Thursday, August 5 at the Federal Reserve Bank of San Francisco. Those who want to attend the hearing should register in advance online.


Written agreement with BOV Holding Company and Bank of Versailles

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among BOV Holding Company, Versailles, Missouri, a registered bank holding company, Bank of Versailles, Versailles, Missouri, a state-chartered member bank, and the Federal Reserve Bank of Kansas City.


Written agreement with Farmers State Bank

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Farmers State Bank, Faith, South Dakota, a state member bank, the Federal Reserve Bank of Minneapolis, and the State of South Dakota Department of Revenue and Regulation, Division of Banking.


Written agreement with Metro North Bancshares

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Metro North Bancshares, Inc., Elk River, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.


Federal Agencies Issue Final Rules to Implement S.A.F.E. Act Requirements for Registration of Mortgage Loan Originators

News Release: Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations, Farm Credit System institutions, credit unions, and certain of their subsidiaries (agency-regulated institutions) to meet the registration requirements ...


Board seeks nominations for appointments to Consumer Advisory Council

News Release: The Federal Reserve Board on Monday announced that it is seeking nominations for appointments to its Consumer Advisory Council.


Written agreement with NOVA Financial Holdings

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between NOVA Financial Holdings, Inc., Berwyn, Pennsylvania, a registered bank holding company, and the Federal Reserve Bank of Philadelphia.


Approval of proposal by The Toronto-Dominion Bank

News Release: The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by The Toronto-Dominion Bank, Toronto, and its subsidiary bank holding companies, TD US P & C Holdings ULC, Calgary, both of Canada, and TD Bank US Holding Company, Portland, Maine, to acquire The South Financial Group, Inc. and its subsidiary bank, Carolina First Bank, both of Greenville, South Carolina.


Prompt corrective action directive against Pacific State Bank

News Release: The Federal Reserve Board on Thursday announced the issuance of a Prompt Corrective Action Directive against Pacific State Bank, Stockton, California, a state-chartered member bank.


Order of assessment of civil money penalty against Cecil Bank

News Release: The Federal Reserve Board on Thursday announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against Cecil Bank, Elkton, Maryland, a state member bank. Cecil Bank, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act.


Minutes of Board discount rate meetings, May 24 through June 21, 2010

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from May 24 through June 21, 2010.


Federal Reserve announces agreement with the Treasury Department regarding a reduction of credit protection provided for the Term Asset-Backed Securities Loan Facility (TALF)

News Release: The Federal Reserve Board on Tuesday announced that it had agreed with the Treasury Department that it was appropriate for Treasury to reduce from $20 billion to $4.3 billion the credit protection provided for the Term Asset-Backed Securities Loan Facility (TALF) under the Troubled Asset Relief Program (TARP). The Board had authorized up to $200 billion in TALF loans, but when the program closed on June 30, 2010, there were $43 billion in loans outstanding.


Written agreement with Bank VI

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Bank VI, Salina, Kansas, a state-chartered member bank, the Federal Reserve Bank of Kansas City, and the Kansas Office of the State Bank Commissioner.


Board announces appointment of the chairs and deputy chairs of the twelve Federal Reserve Banks for 2011

News Release: The Federal Reserve Board on Monday announced the designation of the chairs and deputy chairs of the twelve Federal Reserve Banks for 2011.


Statement by Chairman Bernanke on financial reform legislation

News Release: Statement by Chairman Ben S. Bernanke: The financial reform legislation approved by the Congress today represents a welcome and far-reaching step toward preventing a replay of the recent financial crisis. It strengthens the consolidated supervision of systemically important financial institutions, gives ...


Minutes of the Federal Open Market Committee, May 9 and June 22-23, 2010

News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 22-23, 2010 and of the conference call held on May 9, 2010. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the June 22-23, 2010 meeting is also included as an addendum to these minutes.


Written agreement with Pilot Bancshares and Pilot Bank

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Pilot Bancshares, Inc., Tampa, Florida, a registered bank holding company, Pilot Bank, Tampa, Florida, a state-chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation.


Written agreement with Bank of Whitman Employee Stock Ownership Plan, Whitman Bancorporation, and Bank of Whitman

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Bank of Whitman Employee Stock Ownership Plan, Colfax, Washington, a registered bank holding company, Whitman Bancorporation, Inc., Colfax, Washington, a registered bank holding company, Bank of Whitman, Colfax, Washington, a state-chartered member bank, and the Federal Reserve Bank of San Francisco.


Regulators Issue Statement to Assist Financial Institutions and Customers Affected by the Deepwater Horizon Oil Spill

News Release: The federal financial regulatory agencies and the Conference of State Bank Supervisors (the regulators) issued a statement today to assist financial institutions and their customers affected by the Deepwater Horizon Mobile Offshore Drilling Unit explosion and oil spill in the Gulf of Mexico. The regulators' ...