By Fed Newswire | Feb 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 Genoa Banking Company, Genoa, Ohio, a state member bank. Genoa Banking Company, 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 | Feb 9, 2009
News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between FirstCity Bancorp, Inc., Stockbridge, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.
By Fed Newswire | Feb 9, 2009
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, www.federalreserve.gov/boarddocs/enforcement/, as they occur.
By Fed Newswire | Feb 6, 2009
News Release: The Federal Reserve Board on Friday released additional terms and conditions--including loan rates and collateral haircuts--of the Term Asset-Backed Securities Loan Facility (TALF). The additions were determined after further analysis and consultation with issuers, investors, and dealers in asset-backed securities (ABS).
By Fed Newswire | Feb 3, 2009
News Release: The Federal Reserve on Tuesday announced the extension through Oct. 30, 2009, of its existing liquidity programs that were scheduled to expire on April 30, 2009. The Board of Governors and the Federal Open Market Committee (FOMC) took these actions in light of continuing substantial strains in many financial markets.
By Fed Newswire | Feb 3, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Sun American Bancorp, a registered bank holding company, Sun American Bank, a state chartered member bank, both of Boca Raton, Florida, the Federal Reserve Bank of Atlanta, and the Florida Office of Financial Regulation.
By Fed Newswire | Feb 3, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Elmwood Financial Corporation, a registered bank holding company, Bank of Elmwood, a state chartered member bank, both of Racine, Wisconsin, the Federal Reserve Bank of Chicago, and the Wisconsin Department of Financial Institutions.
By Fed Newswire | Feb 3, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between First SCK Financial Corporation, Anthony, Kansas, a registered bank holding company, and the Federal Reserve Bank of Kansas City.
By Fed Newswire | Jan 30, 2009
News Release: The Federal Reserve Board on Friday announced two final rules pertaining to the Asset-Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF), which extends loans to banking organizations to finance their purchases of high-quality asset-backed commercial paper from money market mutual funds.
By Fed Newswire | Jan 30, 2009
News Release: The Federal Reserve Board on Friday announced the execution of a Written Agreement by and between New Frontier Bancorp, Greeley, Colorado, a registered bank holding company, and the Federal Reserve Bank of Kansas City.
By Fed Newswire | Jan 30, 2009
News Release: The Federal Reserve Board on Friday published a policy that was adopted to help avoid preventable foreclosures on certain residential mortgage assets held, owned, or controlled by a Federal Reserve Bank. The Federal Reserve Board has decided to apply the policy to the residential mortgage assets held ...
By Fed Newswire | Jan 29, 2009
News Release: The Federal Reserve Board on Thursday requested public comment on proposed changes to Regulation D (Reserve Requirements of Depository Institutions) to authorize the establishment of limited purpose accounts, called "excess balance accounts" (EBAs), at Federal Reserve Banks. The authorization of EBAs ...
By Fed Newswire | Jan 28, 2009
News Release: Daniel K. Tarullo on Wednesday took the oath of office as a member of the Board of Governors of the Federal Reserve System. The oath was administered by Chairman Ben S. Bernanke in the Board Room.
By Fed Newswire | Jan 28, 2009
News Release: The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.
By Fed Newswire | Jan 28, 2009
News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between America West Bank Members, L.C., Layton, Utah, a registered bank holding company, and the Federal Reserve Bank of San Francisco.
By Fed Newswire | Jan 27, 2009
News Release: The Federal Reserve Board on Tuesday announced the appointment of the chairs and deputy chairs of the twelve Federal Reserve Banks for 2009.
By Fed Newswire | Jan 27, 2009
News Release: On Jan. 26, 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: $136.051 billion Total propositions accepted: $136.051 billion Bid/cover ...
By Fed Newswire | Jan 27, 2009
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Northpointe Bancshares, Inc., Grand Rapids, Michigan, a registered bank holding company, and the Federal Reserve Bank of Chicago.
By Fed Newswire | Jan 26, 2009
News Release: On Jan. 26, 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 | Jan 21, 2009
News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between First Company, Cody, Wyoming, a registered bank holding company, and the Federal Reserve Bank of Kansas City.
