Stories by Fed Newswire on Federal Newswire


Federal Reserve offers $100 billion in 84-day credit through its Term Auction Facility

News Release: On Aug. 10, 2009, the Federal Reserve will offer $100 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).


Annual adjustment of fee-based trigger for additional mortgage loan disclosures

News Release: The Federal Reserve Board on Monday published its annual adjustment of the dollar amount of fees that triggers additional disclosure requirements under the Truth in Lending Act for home mortgage loans that bear rates or fees above a certain amount.


Board publishes "5 Tips for Dealing with a Home Equity Line Freeze or Reduction"

News Release: Homeowners in all regions of the United States are seeing their home equity lines of credit (HELOCs) frozen or reduced and wondering what they can do about it. The Federal Reserve's latest "5 Tips" guide explains consumers' rights and lenders' responsibilities when credit lines are reduced and provides information for those seeking to have a credit line reinstated.


Written agreement with Sterling Banks and Sterling Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among, Sterling Banks, Inc., a registered bank holding company, Sterling Bank, a state member bank, both of Mount Laurel, New Jersey, the Federal Reserve Bank of Philadelphia, and the New Jersey Department of Banking and Insurance.


Federal Reserve balance sheet data are now available through interactive Data Download Program

News Release: The Federal Reserve Board on Wednesday announced that data from its H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," which includes the weekly publication of the Federal Reserve's balance sheet, is now available ...


Written agreement with Imperial Capital Bancorp

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Imperial Capital Bancorp, Inc., La Jolla, California, a registered bank holding company, the Federal Reserve Bank of San Francisco, and the State of California Department of Financial Institutions.


Written agreement with FCB Financial

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between FCB Financial, Inc., Tampa, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Prompt corrective action directive against Warren Bank

News Release: The Federal Reserve Board on Monday announced the issuance of a Prompt Corrective Action Directive against Warren Bank, Warren, Michigan, a state chartered member bank.


Written agreement with Buckeye Bancshares and Buckeye Community Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Buckeye Bancshares, Inc., a registered bank holding company, Buckeye Community Bank, a state chartered member bank, both of Lorain, Ohio, the Federal Reserve Bank of Cleveland, and the Ohio Division of Financial Institutions.


Written agreement with American Bancorporation and American Bank of St. Paul

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among American Bancorporation, a registered bank holding company, American Bank of Saint Paul, a state chartered member bank, both of Saint Paul, Minnesota, and the Federal Reserve Bank of Minneapolis.


Order of prohibition against Ronnie A. Jenkins

News Release: The Federal Reserve Board on Thursday announced the issuance of a Consent Order of Prohibition against Ronnie A. Jenkins, a former vice president, loan officer, and institution-affiliated party of Middleburg Bank ("the Bank"), Middleburg, Virginia, a state member bank.


Federal Reserve approves final amendments to Regulation Z that revise disclosure requirements for private education loans

News Release: The Federal Reserve Board on Thursday approved final amendments to Regulation Z (Truth in Lending) that revise the disclosure requirements for private education loans.


Board publishes "5 Tips for Shopping for a Mortgage"

News Release: Buying a home should be a dream come true not a nightmare of worry and stress. A new Federal Reserve Board publication, "5 Tips for Shopping for a Mortgage," will help consumers avoid potential pitfalls and make well-informed decisions when choosing a home loan.


Written agreement with Sunrise Bank

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


Federal Reserve announces results of auction of $125 billion in 28-day credit held on July 27, 2009

News Release: On July 27, 2009, the Federal Reserve conducted an auction of $125 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: $82.375 billion Total propositions accepted: $82.375 billion Bid/cover ratio: 0.66 Number of bidders: 103 The awarded loans will settle on July 30, 2009, and will mature on Aug. 27, 2009. The stop-out rate shown above will apply to all awarded loans.


Written agreement with Bank Hapoalim

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Bank Hapoalim, B.M., Tel Aviv, Israel; the bank's branch in Aventura, Florida; the Federal Reserve Bank of New York; the Federal Reserve Bank of Atlanta; and the Florida Office of Financial Regulation.


Federal Reserve will soon begin a statistical study of household finances

News Release: The Federal Reserve Board will soon begin a statistical study of household finances to update data collected at the outset of the economic downturn that began in late 2007.


Federal Reserve offers $125 billion in 28-day credit through its Term Auction Facility

News Release: On July 27, 2009, the Federal Reserve will offer $125 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).


Order to cease and desist against The Colonial BancGroup

News Release: The Federal Reserve Board on Monday announced the issuance of a consent cease and desist order against The Colonial BancGroup, Inc., Montgomery Alabama, a registered bank holding company.


Written agreement with Centennial Bankshares

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Centennial Bankshares, Inc., Ogden, Utah, a registered bank holding company, and the Federal Reserve Bank of San Francisco.