By Fed Newswire | Nov 17, 2009
News Release: In light of the continued improvement in financial market conditions, the Federal Reserve Board on Tuesday announced that it approved a reduction in the maximum maturity of primary credit loans at the discount window for depository institutions to 28 days from 90 days effective Jan. 14, 2010. Primary credit loans will remain eligible for renewal upon request of the borrower.
By Fed Newswire | Nov 17, 2009
News Release: On Nov. 16, 2009, 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: $31.119 billion Total propositions accepted: $31.119 billion Bid/cover ...
By Fed Newswire | Nov 17, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Campello Bancorp, Brockton, Massachusetts, a registered bank holding company, and the Federal Reserve Bank of Boston.
By Fed Newswire | Nov 17, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Horizon Bank, Bradenton, Florida, a state chartered bank that is a member of the Federal Reserve System, the State of Florida Office of Financial Regulation, and the Federal Reserve Bank of Atlanta.
By Fed Newswire | Nov 17, 2009
News Release: Eight federal regulatory agencies today released a final model privacy notice form that will make it easier for consumers to understand how financial institutions collect and share information about consumers. Under the Gramm-Leach-Bliley Act (GLB Act), institutions must notify consumers of their information-sharing ...
By Fed Newswire | Nov 16, 2009
News Release: On Nov. 16, 2009, the Federal Reserve will offer $75 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).
By Fed Newswire | Nov 16, 2009
News Release: The Federal Reserve Board on Monday approved an interim final rule to implement a recent statutory amendment requiring that notice be given to consumers when their mortgage loan has been sold or transferred. The new disclosure requirement became effective immediately upon enactment of the Helping Families Save Their Homes Act in May, 2009. Under that Act, a purchaser or assignee that acquires a mortgage loan must provide the required disclosures in writing within 30 days.
By Fed Newswire | Nov 16, 2009
News Release: The Federal Reserve Board on Monday announced proposed rules that would restrict the fees and expiration dates that may apply to gift cards. The rules would protect consumers from certain unexpected costs and would require that gift card terms and conditions be clearly stated.
By Fed Newswire | Nov 13, 2009
News Release: The Federal Reserve Board on Friday announced the issuance of a Prompt Corrective Action Directive against Orion Bank, Naples, Florida, a state chartered member bank.
By Fed Newswire | Nov 13, 2009
News Release: The federal bank and thrift regulatory agencies today issued a final rule providing that mortgage loans modified under the U.S. Department of the Treasury's Home Affordable Mortgage Program (HAMP) will generally retain the risk weight appropriate to the mortgage loan prior to modification.
By Fed Newswire | Nov 12, 2009
News Release: The federal bank and thrift regulatory agencies announce today they are reopening the comment period on proposed guidance on correspondent concentration risks, originally published on September 25. The comment period will be open until Nov. 27, 2009, an additional 30 days after the original comment period closed.
By Fed Newswire | Nov 12, 2009
News Release: The Federal Reserve Board on Thursday announced final rules that prohibit financial institutions from charging consumers fees for paying overdrafts on automated teller machine (ATM) and one-time debit card transactions, unless a consumer consents, or opts in, to the overdraft service for those types of transactions.
By Fed Newswire | Nov 10, 2009
News Release: The Federal Reserve Board on Tuesday announced the availability of a collection of brief articles that examine ways to improve the availability of housing options for low-income renters.
By Fed Newswire | Nov 10, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among West Concord Bancshares, Inc., a registered bank holding company, Farmers State Bank of West Concord, a state chartered member bank, both of West Concord, Minnesota, and the Federal Reserve Bank of Minneapolis.
By Fed Newswire | Nov 10, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Landmark Financial Holding Company, a registered bank holding company, Landmark Bank of Florida, a state chartered member bank, both of Sarasota, Florida, the Federal Reserve Bank of Atlanta, and the State of Florida, Office of Financial Regulation.
By Fed Newswire | Nov 10, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Pacific Coast National Bancorp, San Clemente, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco.
By Fed Newswire | Nov 9, 2009
News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Butler Bancorp, MHC and Butler Bancorp, Inc., registered bank holding companies, both of Lowell, Massachusetts, and the Federal Reserve Bank of Boston.
By Fed Newswire | Nov 9, 2009
News Release: The Federal Reserve Board on Monday said that 9 of the 10 Bank Holding Companies (BHCs) that were determined in the Supervisory Capital Assessment Program (SCAP) earlier this year to need to raise capital or improve the quality of their capital to withstand a worse-than-expected economic scenario now ...
By Fed Newswire | Nov 6, 2009
News Release: The Federal Reserve Board on Friday announced the execution of a Written Agreement by and among Blue Valley Ban Corp., a registered bank holding company, Bank of Blue Valley, a state chartered member bank, both of Overland Park, Kansas, and the Federal Reserve Bank of Kansas City.
By Fed Newswire | Nov 6, 2009
News Release: The Federal Reserve Board has approved amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve Banks' check-processing operations.
