Stories by Fed Newswire on Federal Newswire


Written agreement with Mercantile Bancorp

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Mercantile Bancorp, Inc., Quincy, Illinois, a registered bank holding company, and the Federal Reserve Bank of St. Louis.


Minutes of Board discount rate meetings, January 25, 2010

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meeting on Jan. 25, 2010.


Written agreement with Heritage Commerce Corp and Heritage Bank of Commerce

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Heritage Commerce Corp, a registered bank holding company, Heritage Bank of Commerce, a state chartered member bank, both of San Jose, California, the Federal Reserve Bank of San Francisco, and the California Office of Financial Institutions.


Board releases online publication on new overdraft rules for debit and ATM cards

News Release: Bank account overdraft fees can be a source of unexpected costs for consumers. A new online Federal Reserve Board publication will help consumers better understand rules that provide additional protection when a debit card or automated teller machine (ATM) transaction causes an account to be overdrawn.


Federal Reserve announces an online consumer guide to credit cards

News Release: The Federal Reserve Board on Friday launched a new interactive website to help consumers better understand the new credit card protections that will take effect on February 22. These rules ban several harmful practices and require greater transparency in the disclosure of the terms and conditions of credit card accounts.


Federal Reserve announces proposed clarifications to final rules under Regulations E and DD

News Release: The Federal Reserve Board on Friday proposed clarifications to aspects of its November 2009 final rule under Regulation E (Electronic Fund Transfers) and its December 2008 final rule under Regulation DD (Truth in Savings) pertaining to overdraft services.


Federal Reserve approves modifications to the terms of its discount window lending programs

News Release: The Federal Reserve Board on Thursday announced that in light of continued improvement in financial market conditions it had unanimously approved several modifications to the terms of its discount window lending programs.


Written agreement SunFirst Corporation

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between SunFirst Corporation, St. George, Utah, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Written agreement with First National Corporation

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between First National Corporation, Savannah, Georgia, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Written agreement with TCM Company

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between TCM Company, Crete, Nebraska, a registered bank holding company, and the Federal Reserve Bank of Kansas City.


Prompt corrective action directive against Marco Community Bank

News Release: The Federal Reserve Board on Thursday announced the issuance of a Prompt Corrective Action Directive with the consent of Marco Community Bank, Marco Island, Florida, a state chartered member bank.


Minutes of the Federal Open Market Committee, January 26-27, 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 January 26-27, 2010. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the January 26-27, 2010 meeting is also included as an addendum to these minutes.


Written agreement with Community National Bancorporation

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Community National Bancorporation, Waterloo, Iowa, a registered bank holding company, and the Federal Reserve Bank of Chicago.


Written agreement with Beach First National Bancshares

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Beach First National Bancshares, Inc., Myrtle Beach, South Carolina, a registered bank holding company, and the Federal Reserve Bank of Richmond.


Written agreement with Community First Bank-Chicago

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Community First Bank-Chicago, Chicago, Illinois, a state chartered member bank, and the Federal Reserve Bank of Chicago.


Federal Reserve announces results of auction of $50 billion in 28-day credit held on February 8, 2010

News Release: On February 8, 2010, the Federal Reserve conducted an auction of $50 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction: Stop-out rate: 0.250 percent Total propositions submitted: $15.426 billion Total propositions accepted: $15.426 billion Bid/cover ...


Federal Reserve offers $50 billion in 28-day credit through its Term Auction Facility

News Release: On February 8, 2010, the Federal Reserve will offer $50 billion in 28-day credit through its Term Auction Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation A, and the terms and conditions of the Term Auction Facility (www.federalreserve.gov/monetarypolicy/taf.htm).


Regulators Issue Statement on Lending to Creditworthy Small Businesses

News Release: The federal financial regulatory agencies and the Conference of State Bank Supervisors (the regulators) issued a statement today on prudent lending to creditworthy small business borrowers.1 The regulators recognize that small businesses play an important role in the economy and know that some are experiencing difficulty in obtaining or renewing credit.


Written agreement with Citizens Bancshares and The Citizens Bank of Edmond

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Citizens Bancshares, Inc., a registered bank holding company, The Citizens Bank of Edmond, a state chartered member bank, both of Edmond, Oklahoma, the Federal Reserve Bank of Kansas City, and the Oklahoma State Banking Department.


Ben S. Bernanke formally sworn in to second term as chairman of the Board of Governors of the Federal Reserve System

News Release: Ben S. Bernanke was formally sworn in for a second four-year term as Chairman of the Board of Governors of the Federal Reserve System at a ceremony Wednesday afternoon in the atrium of the Board's main building in Washington.