Stories by Fed Newswire on Federal Newswire


Approval of proposal by Canadian Imperial Bank of Commerce

News Release: The Federal Reserve Board on Thursday announced the approval of an application by Canadian Imperial Bank of Commerce, Toronto, Canada, to retain an agency in New York, New York.


Written agreement with Security Financial Services Corporation and Security Financial Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Security Financial Services Corporation, a registered bank holding company, Security Financial Bank, a state chartered member bank, both of Durand, Wisconsin, the Federal Reserve Bank of Minneapolis, and the Wisconsin Department of Financial Institutions.


Written agreement with Century Bank of Florida

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Century Bank of Florida, Tampa, Florida, a state chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation.


Cease and desist order against Irwin Financial Corporation and Irwin Union Bank and Trust

News Release: The Federal Reserve Board on Wednesday announced the execution of a consent Cease and Desist Order by and among Irwin Financial Corporation, a registered bank holding company, Irwin Union Bank and Trust Company, a state chartered member bank, both of Columbus, Indiana, the Federal Reserve Board, and the Indiana Department of Financial Institutions.


Federal Reserve to implement consumer compliance supervision program of nonbank subsidiaries of bank holding companies and foreign banking organizations

News Release: The Federal Reserve, under a policy announced Tuesday, will implement a consumer compliance supervision program in nonbank subsidiaries of bank holding companies (BHCs) and foreign banking organizations (FBOs) with activities covered by the consumer protection laws and regulations the Federal Reserve has the authority to enforce. The policy, which will take effect immediately, also provides for the investigation of consumer complaints against these nonbank entities.


Board announces appointment of the chairs and deputy chairs of the twelve Federal Reserve Banks for 2010

News Release: The Federal Reserve Board on Monday announced the designation of the chairs and deputy chairs of the twelve Federal Reserve Banks for 2010.


Written agreement with Colorado Mountain Bank

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Colorado Mountain Bank, Denver, Colorado, a state chartered member bank, the Federal Reserve Bank of Kansas City, and the Colorado Division of Banking.


Written agreement with FBOP Corporation

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


Written agreement with Tennessee State Bancshares and Tennessee State Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Tennessee State Bancshares, Inc., Pigeon Forge, Tennessee, a registered bank holding company, Tennessee State Bank, Pigeon Forge, Tennessee, a state member bank, and the Federal Reserve Bank of Atlanta.


Written agreement with UCBH Holdings

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


Federal Reserve announces results of auction of $75 billion in 84-day credit held on September 8, 2009

News Release: On September 8, 2009, the Federal Reserve conducted an auction of $75 billion in 84-day credit through its Term Auction Facility. Following are the results of the auction: Stop-out rate: 0.250 percent Total propositions submitted: $31.908 billion Total propositions accepted: $31.908 billion Bid/cover ...


Minutes of Board discount rate meetings, July 6 through August 10, 2009

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from July 6 through Aug. 10, 2009.


Federal Reserve offers $75 billion in 84-day credit through its Term Auction Facility

News Release: On September 8, 2009, the Federal Reserve will offer $75 billion in 84-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).


Written agreement with Valley Bancorp

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


Written agreement with Metro Bank Financial Services and Metro Bank of Dade County

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Metro Financial Services, Inc., a registered bank holding company, Metro Bank of Dade County, a state chartered member bank, both of Miami, Florida, the Federal Reserve Bank of Atlanta, and the State of Florida, Office of Financial Regulation.


Order of assessment of civil money penalty against Union Bank and Trust Company

News Release: The Federal Reserve Board on Thursday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against Union Bank and Trust Company, Bowling Green, Virginia, successor by merger with Bay Community Bank, Newport News, Virginia, a state member bank. Union Bank and Trust Company, ...


Order of assessment of civil money penalty against First Bank & Trust Company

News Release: The Federal Reserve Board on Thursday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against First Bank & Trust Company, Lebanon, Virginia, a state member bank. First Bank & Trust Company, 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.


Written agreement with Midwest Independent Bancshares and Midwest Independent Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Midwest Independent Bancshares, Inc., a registered bank holding company, Midwest Independent Bank, a state chartered member bank, both of Jefferson City, Missouri, and the Federal Reserve Bank of St. Louis, Missouri.


Written agreement with Nebraska Bankers' Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Nebraska Bankers' Bank, Lincoln, Nebraska, a state chartered member bank, the Federal Reserve Bank of Kansas City, and the Nebraska Department of Banking and Finance.


Minutes of Federal Open Market Committee, August 11-12, 2009

News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on August 11-12, 2009.