By Fed Newswire | Dec 22, 2008
News Release: The federal bank, credit union, and thrift regulatory agencies today announced publication of a revised identity theft brochure--You Have the Power to Stop Identity Theft--to assist consumers in preventing and resolving identity theft.
By Fed Newswire | Dec 22, 2008
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act ("BHC Act") submitted by CIT Group Inc., New York, New York, to become a bank holding company on conversion of CIT Bank, Salt Lake City, Utah, to a state bank. The Board also approved the notices by CIT Group Inc. under section 4 of the BHC Act to retain certain nonbanking subsidiaries.
By Fed Newswire | Dec 22, 2008
News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Cherokee Bancshares, Inc., St. Paul, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.
By Fed Newswire | Dec 22, 2008
News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Birthright Incorporated, Montgomery, Alabama, a registered bank holding company, and the Federal Reserve Bank of Atlanta.
By Fed Newswire | Dec 22, 2008
News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Michigan Heritage Bank, Farmington Hills, Michigan, a state chartered member bank, the Federal Reserve Bank of Chicago, and the Michigan Office of Financial and Insurance Regulation.
By Fed Newswire | Dec 19, 2008
News Release: The Federal Reserve Board on Friday announced that it will not pursue at this time its proposal to change the daylight overdraft posting rules under its Payment System Risk (PSR) policy.
By Fed Newswire | Dec 19, 2008
News Release: The Federal Reserve Board on Friday adopted revisions to its Payment System Risk (PSR) policy that are designed to improve intraday liquidity management and payment flows for the banking system, while also helping to mitigate the credit exposures of the Federal Reserve Banks from daylight overdrafts. ...
By Fed Newswire | Dec 19, 2008
News Release: The Federal Reserve Board on Friday announced the approval of an application by Monte de Piedad y Caja de Ahorros San Fernando de Huelva, Jerez y Sevilla, Seville, Spain, to establish a representative office in Miami, Florida.
By Fed Newswire | Dec 19, 2008
News Release: The Federal Reserve Board on Friday released revised terms and conditions and questions and answers detailing operational aspects of the Term Asset-Backed Securities Loan Facility (TALF). The revised terms and conditions were determined after consultation with asset-backed securities (ABS) issuers, investors, ...
By Fed Newswire | Dec 19, 2008
News Release: Today, the Federal Reserve, the Bank of England, the Bank of Japan, the European Central Bank (ECB), and the Swiss National Bank are announcing schedules for term auctions of U.S. dollar liquidity to be conducted during the first quarter of 2009. These schedules cover operations providing 28-day and ...
By Fed Newswire | Dec 18, 2008
News Release: The Federal Reserve Board on Thursday approved action by the Board of Directors of the Federal Reserve Bank of Philadelphia, decreasing the discount rate at the Bank from 1-1/4 percent to 1/2 percent, effective immediately.
By Fed Newswire | Dec 18, 2008
News Release: The Federal Reserve Board on Thursday published its annual notice of the asset-size exemption threshold for depository institutions under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).
By Fed Newswire | Dec 18, 2008
News Release: The Federal Reserve Board on Thursday approved final rules that would better protect credit card users by prohibiting certain unfair acts or practices and improving the disclosures consumers receive in connection with credit card accounts and other revolving credit plans. The final rules prohibiting ...
By Fed Newswire | Dec 17, 2008
News Release: The Federal Reserve Board on Wednesday approved actions by the Boards of Directors of the Federal Reserve Banks of Boston and Dallas, decreasing the discount rate at the Banks from 1-1/4 percent to 1/2 percent, effective immediately.
By Fed Newswire | Dec 17, 2008
News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among The Templar Fund, Inc., Truman Bancorp, Inc., FFC Financial Corporation, all registered bank holding companies and of St. Louis, Missouri, Truman Bank, Clayton, Missouri, and the Federal Reserve Bank of St. Louis.
By Fed Newswire | Dec 17, 2008
News Release: The Federal Reserve Board on Wednesday extended the end of the comment period on its proposal to revise the disclosure requirements for mortgage loans under Regulation Z (Truth in Lending) from Jan. 23, 2009, to February 9, 2009. The revisions would implement the Mortgage Disclosure Improvement Act ...
By Fed Newswire | Dec 17, 2008
News Release: The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define "small bank," "small savings association," "intermediate small bank," and "intermediate small savings association" under the Community Reinvestment Act (CRA) regulations. The annual adjustments for banks are required by the 2005 CRA regulatory amendments and for savings associations by the OTS 2007 CRA regulatory amendments.
By Fed Newswire | Dec 16, 2008
News Release: The Federal Reserve on Tuesday issued a technical note concerning the calculation of interest rates on required reserve balances and excess balances for reserve maintenance periods ending December 17.
By Fed Newswire | Dec 16, 2008
News Release: The Federal Reserve Board on Tuesday approved actions by the Boards of Directors of the Federal Reserve Banks of Chicago and Kansas City, decreasing the discount rate at the Banks from 1-1/4 percent to 1/2 percent, effective immediately.
By Fed Newswire | Dec 16, 2008
News Release: The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Since the Committee's last meeting, labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and industrial production have declined. Financial markets remain quite strained and credit conditions tight. Overall, the outlook for economic activity has weakened further.
