Stories by Fed Newswire on Federal Newswire


Written agreement with Mirae Bancorp

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Mirae Bancorp, Los Angeles, California, a registered bank holding company, the Federal Reserve Bank of San Francisco, and the State of California Department of Financial Institutions.


Federal Reserve announces results of auction of $150 billion in 84-day credit held on June 15, 2009

News Release: On June 15, 2009, the Federal Reserve conducted an auction of $150 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: $48.023 billion Total propositions accepted: $48.023 billion Bid/cover ratio: ...


Federal Reserve offers $150 billion in 84-day credit through its Term Auction Facility

News Release: On June 15, 2009, the Federal Reserve will offer $150 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).


Termination of enforcement action against Bank of New York

News Release: The Federal Reserve Board on Friday announced the termination of the enforcement action listed below. Terminations of enforcement actions are listed on the Federal Reserve's public website, http://www.federalreserve.gov/boarddocs/enforcement, as they occur.


Federal Reserve responds to new accounting standards

News Release: The Federal Reserve notes the Financial Accounting Standards Board's publication today of Statements of Financial Accounting Standards No. 166 and 167 (FAS 166 and 167), which will have a material effect on banking organizations' accounting for off-balance sheet vehicles. These statements, which become ...


Banking Supervision and Regulation Director to retire

News Release: Roger T. Cole, the director of the Division of Banking Supervision and Regulation, will retire on August 1 after 30 years of service to the Federal Reserve Board.


Written agreement with SEB Bancorp

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among SEB Bancorp, Inc., Marietta, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.


Agencies Issue Frequently Asked Questions on Identity Theft Rules

News Release: Six federal agencies issued a set of frequently asked questions (FAQs) today to help financial institutions, creditors, users of consumer reports, and issuers of credit cards and debit cards comply with federal regulations on identity theft and discrepancies in changes of address.


Order to cease and desist against Nexity Financial

News Release: The Federal Reserve Board on Wednesday announced the issuance of a consent cease and desist order against Nexity Financial Corporation, Birmingham, Alabama, a registered bank holding company.


Federal Reserve issues first monthly report on its credit and liquidity programs

News Release: The Federal Reserve on Wednesday issued the first of an ongoing series of monthly reports providing considerable new information on its credit and liquidity programs.


Written agreement with Sterling Bank

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


Termination of enforcement action against First Citizens Bank of Butte

News Release: The Federal Reserve Board on Monday announced the termination of the enforcement action listed below. Terminations of enforcement actions are listed on the Federal Reserve's public website, http://www.federalreserve.gov/boarddocs/enforcement, as they occur.


Written agreement with First Commerce Community Bankshares

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among First Commerce Community Bankshares, Inc., Douglasville, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.


Banking organizations have submitted capital plans to bolster their capital buffers as required by the Supervisory Capital Assessment Program

News Release: The 10 banking organizations required by the Supervisory Capital Assessment Program to bolster their capital buffers have all submitted capital plans that, if implemented, would provide sufficient capital to meet the required buffer under the assessment's more-adverse scenario. As supervisors, we will be working with the institutions to ensure their plans are implemented quickly and effectively.


Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

News Release: The federal bank and thrift regulatory agencies today announced the availability of the 2009 list of distressed or underserved nonmetropolitan middle-income geographies in which revitalization or stabilization activities will receive Community Reinvestment Act consideration as "community development." ...


Tentative 2010 FOMC meeting schedule

News Release: The Federal Open Market Committee on Thursday announced its tentative meeting schedule for 2010: January 26-27 (Tuesday-Wednesday) March 16 (Tuesday) April 27-28 (Tuesday-Wednesday) June 22-23 (Tuesday-Wednesday) August 10 (Tuesday) September 21 (Tuesday) November 2-3 (Tuesday-Wednesday) December 14 (Tuesday) January 25-26, 2011 (Tuesday-Wednesday)


Written agreement with Tradition Bancshares and Tradition Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Tradition Bancshares, Inc., a registered bank holding company, and Tradition Bank, a state chartered member bank, both of Houston, Texas, the Federal Reserve Bank of Dallas, and the Texas Department of Banking.


Federal Reserve announces results of auction of $150 billion in 28-day credit held on June 1, 2009

News Release: On June 1, 2009, the Federal Reserve conducted an auction of $150 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: $95.588 billion Total propositions accepted: $95.588 billion Bid/cover ratio: 0.64 Number of bidders: 103 The awarded loans will settle on June 4, 2009, and will mature on July 2, 2009. The stop-out rate shown above will apply to all awarded loans.


Board's Consumer Advisory Council will meet on June 18

News Release: The Federal Reserve Board announced Monday that the Consumer Advisory Council will hold its next meeting on Thursday, June 18. The meeting will take place in Dining Room E, Terrace Level, in the Board's Martin Building. The session will begin at 9:00 a.m. and is open to the public. Anyone planning to ...


Federal Reserve offers $150 billion in 28-day credit through its Term Auction Facility

News Release: On June 1, 2009, the Federal Reserve will offer $150 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).