By Fed Newswire | Mar 20, 2009
News Release: The Federal Reserve Board on Friday announced the execution of a Written Agreement by and among Thunder Bancorp, Inc., a registered bank holding company, Thunder Bank, a state chartered member bank, both of Sylvan Grove, Kansas, and the Federal Reserve Bank of Kansas City.
By Fed Newswire | Mar 19, 2009
News Release: The Federal Reserve Board on Thursday announced that the set of eligible collateral for loans extended by the Term Asset-Backed Securities Loan Facility (TALF) is being expanded to include four additional categories of asset-backed securities (ABS): * ABS backed by mortgage servicing advances * ABS backed ...
By Fed Newswire | Mar 18, 2009
News Release: Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining ...
By Fed Newswire | Mar 18, 2009
News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between FNB Holding Company, West Des Moines, Iowa, a registered bank holding company, and the Federal Reserve Bank of Chicago.
By Fed Newswire | Mar 17, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Omni Financial Services, Inc., Atlanta, Georgia, a registered bank holding company, and the Federal Reserve Bank of Atlanta.
By Fed Newswire | Mar 17, 2009
News Release: The Federal Reserve Board and the New York State Banking Department on Tuesday announced the execution of a Written Agreement by and among Société Générale, Paris, France; the bank's branch in New York, New York; the Federal Reserve Bank of New York; and the New York State Banking Department.
By Fed Newswire | Mar 17, 2009
News Release: The Federal Reserve Board on Tuesday announced the adoption of a final rule that delays until March 31, 2011, the effective date of new limits on the inclusion of trust preferred securities and other restricted core capital elements in tier 1 capital of bank holding companies (BHCs). This action is being taken in light of continued stress in financial markets and the efforts of BHCs to increase their overall capital levels.
By Fed Newswire | Mar 11, 2009
News Release: The Federal Reserve Board on Wednesday released the minutes of its meetings from July 13 through Dec. 16, 2008, concerning Federal Reserve liquidity facilities and other matters related to the financial turmoil of the period.
By Fed Newswire | Mar 11, 2009
News Release: The Federal Reserve Board on Wednesday proposed amendments to Regulation Z (Truth in Lending) that would revise the disclosure requirements for private education loans.
By Fed Newswire | Mar 10, 2009
News Release: (Note: This release supersedes the release of 10 a.m. EDT March 10, 2009. The figures in the previous release for total propositions submitted, total propositions accepted and the bid/cover ratio have been revised to correct a processing error.) On March 9, 2009, the Federal Reserve conducted an auction ...
By Fed Newswire | Mar 10, 2009
News Release: On March 9, 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: $116.872 billion Total propositions accepted: $116.872 billion Bid/cover ...
By Fed Newswire | Mar 9, 2009
News Release: The Federal Reserve Board announced Monday that the Consumer Advisory Council will hold its next meeting on Thursday, March 26. 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 ...
By Fed Newswire | Mar 9, 2009
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act by Southern BancShares (N.C.), Inc., Mount Olive, to acquire up to 9.9 percent of the outstanding voting shares of ECB Bancorp, Inc. and indirectly acquire shares in its subsidiary bank, The East Carolina Bank, both of Engelhard, all of North Carolina.
By Fed Newswire | Mar 9, 2009
News Release: On March 9, 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).
By Fed Newswire | Mar 9, 2009
News Release: The Federal Reserve Board on Monday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against East Dubuque Savings Bank, East Dubuque, Illinois, a state member bank. East Dubuque Savings Bank, 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.
By Fed Newswire | Mar 9, 2009
News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among SolutionsBank Corporation, a registered bank holding company, SolutionsBank, a state chartered member bank, both of Overland Park, Kansas, the Federal Reserve Bank of Kansas City, and the Kansas Office of State Bank Commissioner.
By Fed Newswire | Mar 5, 2009
News Release: Reports of mortgage foreclosure scams are on the rise. Knowing what to watch for and where to turn for help is vital for families who are struggling to remain in their homes. March 1 to 9 is National Consumer Protection Week, and the Federal Reserve Board has compiled some tips to help protect consumers ...
By Fed Newswire | Mar 4, 2009
News Release: The Federal Reserve Board on Wednesday announced its approval of the application by ICE US Trust LLC, New York, New York (ICE Trust), to become a member of the Federal Reserve System. ICE Trust intends to provide central counterparty services for certain credit default swap contracts. ICE Trust is one ...
By Fed Newswire | Mar 4, 2009
News Release: The federal bank, thrift, and credit union regulatory agencies encourage all federally regulated financial institutions that service or hold residential mortgage loans to participate in the "Making Home Affordable" loan modification program. Guidelines for the program were announced today by the Treasury Department.
By Fed Newswire | Mar 3, 2009
News Release: In carrying out the Financial Stability Plan, the Department of the Treasury and the Federal Reserve Board are announcing the launch of the Term Asset-Backed Securities Loan Facility (TALF), a component of the Consumer and Business Lending Initiative (CBLI). The TALF has the potential to generate up to $1 trillion of lending for businesses and households.
