By Fed Newswire | Apr 21, 2009
News Release: On April 20, 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: $83.830 billion Total propositions accepted: $83.830 billion Bid/cover ratio: 0.56 Number of bidders: 98 The awarded loans will settle on April 23, 2009, and will mature on July 16, 2009. The stop-out rate shown above will apply to all awarded loans.
By Fed Newswire | Apr 21, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Strategic Capital Bancorp, Inc., Champaign, Illinois, a registered bank holding company, and the Federal Reserve Bank of Chicago.
By Fed Newswire | Apr 21, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Citizens Central Bancorp, Inc., Macomb, Illinois, a registered bank holding company, and the Federal Reserve Bank of Chicago.
By Fed Newswire | Apr 21, 2009
News Release: The Federal Reserve Board, the Office of Thrift Supervision, and the National Credit Union Administration today proposed clarifications to aspects of their December 2008 final rules under the Federal Trade Commission Act (FTC Act) prohibiting certain unfair credit card practices. The Federal Reserve ...
By Fed Newswire | Apr 21, 2009
News Release: The Federal Reserve Board on Tuesday announced two new interest rates applicable to loans extended under the Term Asset-Backed Securities Loan Facility (TALF). The rates apply to certain loans secured by asset-backed securities (ABS) with weighted average lives to maturity (WALM) of less than two years. The new rates will be based on one- and two-year London interbank offered (Libor) swap rates, resulting in a better match to the duration of the underlying ABS collateral.
By Fed Newswire | Apr 20, 2009
News Release: On April 20, 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).
By Fed Newswire | Apr 20, 2009
News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Amoret Bancshares, Inc., Butler, Missouri, a registered bank holding company, and the Federal Reserve Bank of Kansas City.
By Fed Newswire | Apr 16, 2009
News Release: The Federal Reserve Board on Thursday announced the availability of a new video, "Lessons from a Storm," that tells the stories of families who, in the aftermath of Hurricane Katrina, learned about the benefits of maintaining a bank account that allows for the direct deposit of payments and benefits.
By Fed Newswire | Apr 16, 2009
News Release: Carrying a credit card balance is costly--particularly for consumers who make only the minimum monthly payment. The Federal Reserve Board's online Credit Card Repayment Calculator will allow consumers to estimate how long it will take to pay their credit card bills under different payment scenarios.
By Fed Newswire | Apr 16, 2009
News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Beverly Hills Bancorp Inc., WFC Inc., and Wilshire Acquisitions Corporation, all of Calabasas, California, registered bank holding companies, the Federal Reserve Bank of San Francisco, and the State of California Department of Financial Institutions.
By Fed Newswire | Apr 15, 2009
News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between TFC Holding Company, Alhambra, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco.
By Fed Newswire | Apr 14, 2009
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from February 9 through March 16, 2009.
By Fed Newswire | Apr 14, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Community First Bank, Prineville, Oregon, a state chartered member bank, the Federal Reserve Bank of San Francisco, and the Oregon Department of Consumer and Business Services.
By Fed Newswire | Apr 13, 2009
News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Silverton Financial Services, Inc., Atlanta, Georgia, a registered bank holding company, and the Federal Reserve Bank of Atlanta.
By Fed Newswire | Apr 9, 2009
News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among San Joaquin Bancorp, a registered bank holding company, San Joaquin Bank, a state chartered member bank, both of Bakersfield, California, the Federal Reserve Bank of San Francisco, and the California Office of Financial Institutions.
By Fed Newswire | Apr 8, 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 March 17-18, 2009 and of the conference call held on February 7, 2009.
By Fed Newswire | Apr 7, 2009
News Release: On April 6, 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: $106.251 billion Total propositions accepted: $106.251 billion Bid/cover ratio: 0.71 Number of bidders: 105 The awarded loans will settle on April 9, 2009, and will mature on May 7, 2009. The stop-out rate shown above will apply to all awarded loans.
By Fed Newswire | Apr 7, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Venture Financial Group, Inc., Dupont, Washington, a registered bank holding company, and the Federal Reserve Bank of San Francisco.
By Fed Newswire | Apr 7, 2009
News Release: The Federal Reserve Board on Tuesday announced the issuance of a consent Prompt Corrective Action Directive against Michigan Heritage Bank, Farmington Hills, Michigan, a state chartered member bank.
By Fed Newswire | Apr 6, 2009
News Release: On April 6, 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).
