Stories by Fed Newswire on Federal Newswire


Written agreement with Palm Desert Investments

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Palm Desert Investments, Palm Desert, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Approval of proposal by The Warehouse Trust Company to become member of Federal Reserve System

News Release: The Federal Reserve Board on Tuesday announced its approval of the application by The Warehouse Trust Company LLC ("Warehouse Trust"), New York, New York, to become a member of the Federal Reserve System. Warehouse Trust proposes to operate a central trade registry for credit default swap contracts and to offer related services, including the processing of life-cycle events for the contracts and facilitation of payments settlement.


Written agreement with Rising Sun Bancorp and NBRS Financial Bank

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Rising Sun Bancorp, a registered bank holding company, NBRS Financial Bank, a state chartered member bank, both of Rising Sun, Maryland, the Federal Reserve Bank of Richmond, and the Maryland Division of Financial Regulation.


Federal Reserve launches a new website for bank directors

News Release: The Federal Reserve on Monday launched a website to help new bank directors learn how they can work to ensure the safety and soundness of their institutions. The website, BankDirectorsDesktop.org, also provides a refresher course for experienced board members.


Written agreement with Peoples Inc. and Peoples Bank

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Peoples, Inc., a registered bank holding company, Peoples Bank, a state chartered member bank, both of Lawrence, Kansas, and the Federal Reserve Bank of Kansas City.


Written agreement with Guaranty Bancorp and Guaranty Bank & Trust Company

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Guaranty Bancorp, a registered bank holding company, Guaranty Bank and Trust Company, a state chartered member bank, both of Denver, Colorado, the Federal Reserve Bank of Kansas City, and the Colorado Division of Banking.


Written agreement with Saehan Bancorp

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Saehan Bancorp, Los Angeles, 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 December suggests that economic activity has continued to strengthen and that the deterioration in the labor market is abating. Household spending is expanding at a moderate rate but remains constrained by a weak labor market, modest ...


Written agreement with Northfield Bancshares and Community Resource Bank

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Northfield Bancshares, Inc., a registered bank holding company, Community Resource Bank, a state member bank, both of Northfield, Minnesota, and the Federal Reserve Bank of Minneapolis.


Written agreement with Riverside Banking Company

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Riverside Banking Company, Fort Pierce, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Written agreement with Cornerstone Bancshares and Cornerstone Bank

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Cornerstone Bancshares, Inc., a registered bank holding company, Cornerstone Bank, a state chartered bank that is a member of the Federal Reserve System, both of Overland Park, Kansas, the Federal Reserve Bank of Kansas City, and the Kansas Office of the State Bank Commissioner.


Federal Reserve introduces online regulatory filing system

News Release: The Federal Reserve on Monday announced the availability of Electronic Applications, or "E-Apps," a new Internet-based system for financial institutions to submit regulatory filings. E‑Apps allows firms and their representatives to file applications online, eliminating the time and expense of printing, copying, and mailing the documents. Registered users can access the system at any time to upload additional documents or create new filings. There are no fees for using E-Apps.


Written agreement with Tamalpais Bancorp

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


Agencies Issue Final Rule for Regulatory Capital Standards Related to Statements of Financial Accounting Standards Nos. 166 and 167

News Release: The federal banking and thrift regulatory agencies today announced the final risk-based capital rule related to the Financial Accounting Standards Board's adoption of Statements of Financial Accounting Standards Nos. 166 and 167. These new accounting standards make substantive changes to how banking organizations account for many items, including securitized assets, that had been previously excluded from these organizations' balance sheets.


Federal Reserve Banks announce new studies to examine nation’s check and electronic payments usage

News Release: James Savage FSPC Spokesman (216) 579-3079 James.G.Savage@clev.frb.org Cleveland The Federal Reserve Banks today announced plans to conduct another series of studies to determine the current volume and composition of check and electronic payments in the United States. These studies will build on information gained from similar studies conducted by the Reserve Banks in 2001, 2004 and 2007.


Written agreement with Community Financial Holding Company

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Community Financial Holding Company, Inc., Duluth, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.


Written agreement with Bank of Virginia

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Bank of Virginia, a state chartered member bank, Midlothian, Virginia, the Federal Reserve Bank of Richmond, and the Virginia Bureau of Financial Institutions.


Prompt corrective action directive against Old Southern Bank

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


Federal Reserve announces results of auction of $75 billion in 28-day credit held on January 11, 2010

News Release: On Jan. 11, 2010, the Federal Reserve conducted an auction of $75 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: $38.531 billion Total propositions accepted: $38.531 billion Bid/cover ...


Written agreement with The ShoreBank Corporation

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between The ShoreBank Corporation, Chicago, Illinois, a registered bank holding company, and the Federal Reserve Bank of Chicago.