Stories by Fed Newswire on Federal Newswire


Written agreement with Desert Hills Capital Corp.

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Desert Hills Capital Corp., Phoenix, Arizona, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Written agreement with Citizens First State Bank of Walnut

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Citizens First State Bank of Walnut, Walnut, Illinois, a state member bank, the Federal Reserve Bank of Chicago, and the Illinois Department of Financial and Professional Regulation, Division of Banking, Springfield, Illinois.


Written agreement with Hanmi Financial Corporation and Hanmi Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Hanmi Financial Corporation, a registered bank holding company, Hanmi Bank, a state chartered member bank, both of Los Angeles, California, and the Federal Reserve Bank of San Francisco.


Written agreement with Appalachian Bancshares

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Appalachian Bancshares, Inc., Ellijay, Georgia, the Federal Reserve Bank of Atlanta, and the State of Georgia, Department of Banking and Finance.


FOMC statement

News Release: Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period. Activity in the housing sector has increased over recent months. Household ...


Written agreement with Bankers' Bancorporation of Florida and Independent Bankers' Bank of Florida

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Bankers' Bancorporation of Florida, Inc., a registered bank holding company, Independent Bankers' Bank of Florida, a state chartered member bank, both of Lake Mary, Florida, the Federal Reserve Bank of Atlanta, and the State of Florida, Office of Financial Regulation.


Written agreement with Georgia Bancshares

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Georgia Bancshares, Inc., Peachtree City, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.


Order of assessment of civil money penalty against Farmers and Merchants Bank

News Release: The Federal Reserve Board on Wednesday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against Farmers and Merchants Bank, Timberville, Virginia, a state member bank. Farmers and Merchants 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.


Board approves fee schedule for Federal Reserve Bank priced services

News Release: The Federal Reserve Board on Tuesday announced the approval of fee schedules for payment services the Federal Reserve Banks provide to depository institutions (priced services), effective January 4, 2010.


Federal Reserve announces results of auction of $25 billion in 70-day credit held on November 2, 2009

News Release: On Nov. 2, 2009, the Federal Reserve conducted an auction of $25 billion in 70-day credit through its Term Auction Facility. Following are the results of the auction: Stop-out rate: 0.250 percent Total propositions submitted: $13.152 billion Total propositions accepted: $13.152 billion Bid/cover ...


Written agreement with Merchants Bancorp

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Merchants Bancorp, Gresham, Oregon, a registered bank holding company, the Federal Reserve Bank of San Francisco, and the Oregon Department of Consumer and Business Services--Division of Finance and Corporate Securities.


Written agreement with Commerce Bancshares and Bank of Commerce

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Commerce Bancshares, Inc., Catoosa, Oklahoma, a registered bank holding company, Bank of Commerce, Chelsea, Oklahoma, a state chartered member bank, and the Federal Reserve Bank of Kansas City.


Federal Reserve offers $25 billion in 70-day credit through its Term Auction Facility

News Release: On Nov. 2, 2009, the Federal Reserve will offer $25 billion in 70-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).


Federal Reserve announces temporary exemption to the limitations in section 23A of the Federal Reserve Act will expire on October 30, 2009

News Release: The Federal Reserve Board announced Friday that a temporary exemption to the limitations in section 23A of the Federal Reserve Act, instituted as part of the response to the financial crisis, will expire as scheduled on Oct. 30, 2009.


Federal Reserve adopts policy statement supporting prudent commercial real estate (CRE) loan workouts

News Release: The Federal Reserve on Friday adopted a policy statement supporting prudent commercial real estate (CRE) loan workouts. This policy statement, adopted by each of the financial regulators,1 provides guidance for examiners, and for financial institutions that are working with CRE borrowers who are experiencing ...


Written agreement with West Tennessee Bancshares and Bank of Bartlett

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among West Tennessee Bancshares, Inc., a registered bank holding company, Bank of Bartlett, a state chartered member bank, both of Bartlett, Tennessee, and the Federal Reserve Bank of Saint Louis.


Written agreement with First Banking Center, Inc. and First Banking Center

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among First Banking Center, Inc., a registered bank holding company, First Banking Center, a state chartered member bank, both of Burlington, Wisconsin, the Federal Reserve Bank of Chicago, and the State of Wisconsin Department of Financial Institutions.


Written agreement with EvergreenBancorp

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between EvergreenBancorp, Inc., Seattle, Washington, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Written agreement with Cascade Bancorp

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Cascade Bancorp, Bend, Oregon, a registered bank holding company, the Federal Reserve Bank of San Francisco, and the State of Oregon, Department of Consumer and Business Services, Division of Finance and Corporate Securities.


Prompt corrective action directive against SolutionsBank

News Release: The Federal Reserve Board on Tuesday announced the issuance of a consent Prompt Corrective Action Directive against SolutionsBank, Overland Park, Kansas, a state chartered member bank.