By Fed Newswire | Dec 16, 2008
News Release: On Dec. 15, 2008, 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: 0.280 percent Total propositions submitted: $63.014 billion Total propositions accepted: $63.014 billion Bid/cover ...
By Fed Newswire | Dec 16, 2008
News Release: The Federal Reserve Board has approved amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve's check processing operations in the Sixth and Eighth Districts.
By Fed Newswire | Dec 16, 2008
News Release: The federal banking and thrift regulatory agencies today approved a final rule that would permit a banking organization to reduce the amount of goodwill it must deduct from tier 1 capital by any associated deferred tax liability.
By Fed Newswire | Dec 15, 2008
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act by The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania, to acquire all the voting shares of National City Corporation ("National City") and thereby indirectly acquire National City's subsidiary bank, National City Bank, both of Cleveland, Ohio.
By Fed Newswire | Dec 15, 2008
News Release: On Dec. 15, 2008, 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 | Dec 15, 2008
News Release: The Federal Reserve Board on Monday announced the issuance of a Final Decision and Order of Prohibition against Kelly M. Dulaney, a former employee of Fifth Third Bank, Grand Rapids, Michigan. The Order prohibits Ms. Dulaney from participating in the conduct of the affairs of any financial institution ...
By Fed Newswire | Dec 11, 2008
News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Community Investment Services, Inc., North Branch, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.
By Fed Newswire | Dec 10, 2008
News Release: The Federal Reserve Board on Wednesday announced its approval of the proposal by Banco Santander, S.A., Madrid, Spain, to acquire all the voting shares of Sovereign Bancorp, Inc., Philadelphia, and thereby indirectly acquire its subsidiary federal savings bank, Sovereign Bank, Wyomissing, both of Pennsylvania. Attached is the Board's Order relating to this action.
By Fed Newswire | Dec 9, 2008
News Release: The Federal Reserve will conduct two auctions of term credit through its Term Auction Facility (TAF) in January 2009. It will offer $150 billion of 28-day credit in an auction to be held on Monday, Jan. 12, and $150 billion in 84-day credit in an auction to be held on Monday, January 26.
By Fed Newswire | Dec 8, 2008
News Release: The Federal Reserve Board on Monday approved the application by China Construction Bank Corporation, Beijing, People's Republic of China, to establish a branch in New York, New York.
By Fed Newswire | Dec 5, 2008
News Release: The Federal Reserve Board on Friday proposed for public comment changes to Regulation Z (Truth in Lending) that would revise the disclosure requirements for mortgage loans. The revisions would implement the Mortgage Disclosure Improvement Act (MDIA) which was enacted in July 2008 as an amendment to the Truth in Lending Act (TILA).
By Fed Newswire | Dec 4, 2008
News Release: The Federal Reserve Board on Thursday announced the issuance of a Consent Order of Prohibition against Julianne L. Gingrich, a former Assistant Vice President, foreign currency manager and institution-affiliated party of SunTrust Bank (the "Bank"), Atlanta, Georgia, a state member bank.
By Fed Newswire | Dec 2, 2008
News Release: In light of continuing strains in financial markets, the Federal Reserve on Tuesday announced the extension through April 30, 2009, of three liquidity facilities: the Primary Dealer Credit Facility (PDCF), the Asset-Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF), and the Term Securities ...
By Fed Newswire | Dec 2, 2008
News Release: On Dec. 1, 2008, 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: 0.420 percent Total propositions submitted: $66.471 billion Total propositions accepted: $66.471 billion Bid/cover ...
By Fed Newswire | Dec 1, 2008
News Release: On Dec. 1, 2008, 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 | Nov 26, 2008
News Release: The Federal Reserve Board on Wednesday announced its approval of the notice of Bank of America Corporation, Charlotte, North Carolina, to acquire Merrill Lynch & Company, Inc., New York, New York, and thereby indirectly acquire Merrill Lynch Bank & Trust Co., FSB, New York, New York; Merrill Lynch Bank USA, Salt Lake City, Utah; and Merrill Lynch Yatirim Bank A.S., Istanbul, Turkey. Attached is the Board's Order relating to this action.
By Fed Newswire | Nov 25, 2008
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from September 29 through Oct. 29, 2008.
By Fed Newswire | Nov 25, 2008
News Release: On Nov. 24, 2008, the Federal Reserve conducted an auction of $150 billion in 13-day credit through its Term Auction Facility. This was a forward auction designed to provide term funding over year-end--the awarded loans will settle on Dec. 23, 2008. Following are the results of the auction: Stop-out ...
By Fed Newswire | Nov 25, 2008
News Release: The Federal Reserve Board on Tuesday announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), a facility that will help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities (ABS) collateralized by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration (SBA).
By Fed Newswire | Nov 25, 2008
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Team Financial, Inc., Paola, Kansas, Post Bancorp, Inc., Colorado Springs, Colorado, Team Financial Acquisition Subsidiary, Inc., Paola, Kansas, all registered bank holding companies, and the Federal Reserve Bank of Kansas City.
