Stories by Fed Newswire on Federal Newswire


Board authorizes small-value offerings of term deposits under the Term Deposit Facility

News Release: The Federal Reserve Board has authorized up to five small-value offerings of term deposits under the Term Deposit Facility (TDF) to be conducted in coming months. The Board had indicated in its announcement on April 30 that it anticipated conducting such small-value offerings. These small-value offerings ...


FOMC statement: FOMC authorizes re-establishment of temporary U.S. dollar liquidity swap arrangement with the Bank of Japan

News Release: The Federal Open Market Committee has authorized re-establishment of its temporary U.S. dollar liquidity swap arrangement with the Bank of Japan. This arrangement is similar to the arrangements announced yesterday with the Bank of England, the European Central Bank, and the Swiss National Bank in that it will provide the Bank of Japan with the capacity to conduct tenders of U.S. dollars at fixed rates for the full allotment.


Written agreement with Advantage Bancorp

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Advantage Bancorp, Inc., Loveland, Colorado, a registered bank holding company, and the Federal Reserve Bank of Kansas City.


Written agreement with Farmers Bancorporation

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Farmers Bancorporation, Inc., Buhl, Idaho, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


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

News Release: In response to the reemergence of strains in U.S. dollar short-term funding markets in Europe, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing the reestablishment of temporary U.S. dollar liquidity swap facilities. These ...


Written agreement with Bank of Commerce Holdings

News Release: The Federal Reserve Board on Friday announced the execution of a Written Agreement by and between, Bank of Commerce Holdings, Inc., Sarasota, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Written agreement with The South Financial Group

News Release: The Federal Reserve Board on Friday announced the execution of a Written Agreement by and between The South Financial Group, Greenville, South Carolina, a registered bank holding company, and the Federal Reserve Bank of Richmond.


Termination of enforcement action against Sumitomo Mitsui Banking and Sumitomo Mitsui Banking New York Branch

News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below. Terminations of enforcement actions are listed on the Federal Reserve's web site, www.federalreserve.gov/boarddocs/enforcement, as they occur.


Written agreement with Alikat Investments and Northside Community Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among AliKat Investments, Inc., Gurnee, Illinois, a registered bank holding company, Northside Community Bank, Gurnee, Illinois, a state chartered member bank, the Federal Reserve Bank of Chicago, and the Illinois Department of Financial and Professional Regulation, Division of Banking. A copy of the Written Agreement is attached.


Written agreement with Legacy Bancorp and Legacy Bank

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Legacy Bancorp, Inc., Milwaukee, Wisconsin, a registered bank holding company, Legacy Bank, Milwaukee, Wisconsin, a state chartered member bank, the Federal Reserve Bank of Chicago, and the State of Wisconsin Department of Financial Institutions.


Written agreement with Tower Financial and Tower Bank & Trust

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Tower Financial Corporation, Fort Wayne, Indiana, a registered bank holding company, Tower Bank & Trust Company, Fort Wayne, Indiana, a state chartered member bank, the Federal Reserve Bank of Chicago, and the Indiana Department of Financial Institutions.


Written agreement with The Northwestern Bank

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among The Northwestern Bank, Chippewa Falls, Wisconsin, a state chartered member bank, the Federal Reserve Bank of Minneapolis, and the State of Wisconsin Department of Financial Institutions.


Written agreement with Paradise Bank

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Paradise Bank, Boca Raton, Florida, a state chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation. A copy of the Written Agreement is attached.


Written agreement with Lake County Bank

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Lake County Bank, Saint Ignatius, Montana, a state chartered member bank, the Federal Reserve Bank of Minneapolis, and the Montana Division of Banking and Financial Institutions.


Federal Reserve Board approves Banco Popular de Puerto Rico to acquire assets and assume liabilities of Westernbank Puerto Rico

News Release: The Federal Reserve Board on Friday announced its approval of the application by Banco Popular de Puerto Rico, Hato Rey, to acquire assets and assume liabilities of Westernbank Puerto Rico, Mayagüez, both of Puerto Rico, pursuant to the emergency provisions of the Bank Merger Act.


Federal Reserve Board approves amendments to Regulation D authorizing Reserve Banks to offer term deposits

News Release: The Federal Reserve Board has approved amendments to Regulation D (Reserve Requirements of Depository Institutions) authorizing the Reserve Banks to offer term deposits to institutions that are eligible to receive earnings on their balances at Reserve Banks. These amendments incorporate public comments on the proposed amendments to Regulation D that were announced on Dec. 28, 2009.


Federal Financial Regulatory Agencies Issue Final Guidance on Correspondent Concentration Risks

News Release: The federal financial regulatory agencies issued final guidance today to address the risks associated with funding and credit concentrations arising from correspondent relationships. A correspondent relationship occurs when a financial organization provides another financial organization with services ...


Written agreement with FMB Equibanc

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among FMB Equibanc, Inc., Statesboro, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.


Written agreement with Coast Bancorp

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Coast Bancorp, San Luis Obispo, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


FOMC statement

News Release: Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and that the labor market is beginning to improve. Growth in household spending has picked up recently but remains constrained by high unemployment, modest income growth, ...