Stories by Fed Newswire on Federal Newswire


Board approves final rules revising disclosure requirements for mortgage loans under Regulation Z

News Release: The Federal Reserve Board on Thursday approved final rules that revise the disclosure requirements for mortgage loans under Regulation Z (Truth in Lending). The revisions implement the Mortgage Disclosure Improvement Act (MDIA), which was enacted in July 2008 as an amendment to the Truth in Lending Act (TILA).


Approval of proposal by Standard Chartered Bank to establish a representative office

News Release: The Federal Reserve Board on Thursday announced the approval of an application by Standard Chartered Bank, London, England, to establish a representative office in Houston, Texas.


Federal Reserve, OCC, and FDIC release results of the Supervisory Capital Assessment Program

News Release: The results of a comprehensive, forward-looking assessment of the financial conditions of the nation's 19 largest bank holding companies (BHCs) by the federal bank supervisory agencies were released on Thursday.


Written agreement with Bay National Corporation

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Bay National Corporation, Lutherville, Maryland, a registered bank holding company, and the Federal Reserve Bank of Richmond.


Termination of enforcement action against Cache Valley Banking Company and Cache Valley Bank

News Release: The Federal Reserve Board on Wednesday 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.


Joint statement by Federal Reserve, Treasury, FDIC, and OCC on Treasury Capital Assistance Program and Supervisory Capital Assessment Program

News Release: Joint Statement by Secretary of the Treasury Timothy F. Geithner, Chairman of the Board of Governors of the Federal Reserve System Ben S. Bernanke, Chairman of the Federal Deposit Insurance Corporation Sheila Bair, and Comptroller of the Currency John C. Dugan The Treasury Capital Assistance Program ...


Federal Reserve announces results of auction of $150 billion in 28-day credit held on May 4, 2009

News Release: On May 4, 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: $131.562 billion Total propositions accepted: $131.562 billion Bid/cover ratio: 0.88 Number of bidders: 124 The awarded loans will settle on May 7, 2009, and will mature on June 4, 2009. The stop-out rate shown above will apply to all awarded loans.


Written agreement with Hometown Bancshares

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Hometown Bancshares, Inc., Carthage, Missouri, a registered bank holding company, and the Federal Reserve Bank of Kansas City.


Restructuring of check processing operations in the Tenth, Eleventh, and Twelfth Districts

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.


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

News Release: On May 4, 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).


Federal Reserve announces expansion of eligible collateral under Term Asset-Backed Securities Loan Facility (TALF)

News Release: The Federal Reserve Board on Friday announced that, starting in June, commercial mortgage-backed securities (CMBS) and securities backed by insurance premium finance loans will be eligible collateral under the Term Asset-Backed Securities Loan Facility (TALF).


Written agreement with Heritage Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Heritage Bank, Topeka, Kansas, a state member bank, and the Federal Reserve Bank of Kansas City.


FOMC statement

News Release: Information received since the Federal Open Market Committee met in March indicates that the economy has continued to contract, though the pace of contraction appears to be somewhat slower. Household spending has shown signs of stabilizing but remains constrained by ongoing job losses, lower housing ...


Written agreement with Cooperative Bankshares

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Cooperative Bankshares, Inc., Wilmington, North Carolina, a registered bank holding company, and the Federal Reserve Bank of Richmond.


Written agreement with K Capital Corporation

News Release: The Federal Reserve Board on Friday announced the execution of a Written Agreement by and between K Capital Corporation, Owings Mills, Maryland, a registered bank holding company, and the Federal Reserve Bank of Richmond.


Board publishes white paper on process and methodologies employed by federal banking supervisory agencies in capital assessment of large U.S. bank holding companies

News Release: A white paper describing the process and methodologies employed by the federal banking supervisory agencies in their forward-looking capital assessment of large U.S. bank holding companies was published on Friday.


Federal Reserve System publishes annual financial statements

News Release: The Federal Reserve System on Thursday published the annual financial statements for the combined Federal Reserve Banks, the 12 individual Federal Reserve Banks, the limited liability companies (LLCs) that were created in 2008 to respond to strains in financial markets, and the Board of Governors for the years ended Dec. 31, 2008 and 2007.


Written agreement with First Regional

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between First Regional Bancorp, Los Angeles, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Written agreement with Bank On It

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


Written agreement with Tysan Corporation

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between The Tysan Corporation, Minneapolis, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.