By Fed Newswire | Nov 24, 2008
News Release: On Nov. 24, 2008, the Federal Reserve will offer $150 billion in 13-day credit through its Term Auction Facility. This is a forward auction designed to provide term funding over year-end--awarded loans will settle on Dec. 23, 2008.
By Fed Newswire | Nov 23, 2008
News Release: Washington, DC -- The U.S. government is committed to supporting financial market stability, which is a prerequisite to restoring vigorous economic growth. In support of this commitment, the U.S. government on Sunday entered into an agreement with Citigroup to provide a package of guarantees, liquidity access, and capital.
By Fed Newswire | Nov 20, 2008
News Release: The Federal Open Market Committee on Thursday announced it would expand its December meeting to two days to allow additional time for discussion. The upcoming meeting, previously planned as a one-day meeting, will begin on the afternoon of Monday December 15 and conclude on Tuesday December 16. The Committee's statement will be released as previously planned, around 2:15 p.m. EST on Tuesday.
By Fed Newswire | Nov 19, 2008
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 28-29, 2008 and of the conference calls held on Sept. 29, 2008 and October 7, 2008. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the October 28-29, 2008 meeting is also included as an addendum to these minutes.
By Fed Newswire | Nov 19, 2008
News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among FirstBank Financial Services, Inc., McDonough, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.
By Fed Newswire | Nov 19, 2008
News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Southern Community Bancshares, Inc., Fayetteville, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.
By Fed Newswire | Nov 18, 2008
News Release: On Nov. 17, 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: 0.510 percent Total propositions submitted: $104.478 billion Total propositions accepted: $104.478 billion Bid/cover ...
By Fed Newswire | Nov 18, 2008
News Release: The Federal Reserve Board on Tuesday announced the issuance of a Consent Order of Prohibition against David Lee, former managing director of the Commodities Trading Group and institution-affiliated party of the Chicago, Illinois, branch of the Bank of Montreal ("BMO").
By Fed Newswire | Nov 18, 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 Seventh District.
By Fed Newswire | Nov 17, 2008
News Release: On Nov. 17, 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 | Nov 13, 2008
News Release: The Federal Reserve Board and the New York State Banking Department on Thursday announced the issuance of a consent Cease and Desist Order against Dresdner Bank AG, Frankfurt, Germany and the bank's branch in New York, New York.
By Fed Newswire | Nov 13, 2008
News Release: The federal bank, thrift, and credit union regulatory agencies today jointly issued for comment proposed Interagency Appraisal and Evaluation Guidelines that reaffirm supervisory expectations for sound real estate appraisal and evaluation practices. The proposed guidance builds on the existing federal ...
By Fed Newswire | Nov 12, 2008
News Release: On Nov. 10, 2008, the Federal Reserve conducted an auction of $150 billion in 17-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. 22, 2008. Following are the results of the auction: Stop-out ...
By Fed Newswire | Nov 12, 2008
News Release: The Department of the Treasury and the Federal Reserve Board today announced the release of a joint final rule to implement the Unlawful Internet Gambling Enforcement Act of 2006. The Act prohibits gambling businesses from knowingly accepting payments in connection with unlawful Internet gambling, including payments made through credit cards, electronic funds transfers, and checks.
By Fed Newswire | Nov 12, 2008
News Release: The Department of the Treasury, the Federal Deposit Insurance Corporation, and the Federal Reserve have recently put into place several programs designed to promote financial stability and to mitigate procyclical effects of the current market conditions. These programs make new capital widely available ...
By Fed Newswire | Nov 10, 2008
News Release: The Federal Reserve Board and the U.S. Treasury on Monday announced the restructuring of the government's financial support to the American International Group (AIG) in order to keep the company strong and facilitate its ability to complete its restructuring process successfully. These new measures establish ...
By Fed Newswire | Nov 10, 2008
News Release: The Federal Reserve Board on Monday announced its approval of the applications and notices under sections 3 and 4 of the Bank Holding Company Act by American Express Company and American Express Travel Related Services Company, Inc., both of New York, New York, to become bank holding companies on conversion ...
By Fed Newswire | Nov 10, 2008
News Release: On Nov. 10, 2008, the Federal Reserve will offer $150 billion in 17-day credit through its Term Auction Facility. This is a forward auction designed to provide term funding over year-end--awarded loans will settle on Dec. 22, 2008.
By Fed Newswire | Nov 6, 2008
News Release: David Fettig FSPC Spokesman (612) 204-5274 david.fettig@mpls.frb.org Minneapolis, Minn.--The Federal Reserve Banks today announced that the Federal Reserve Bank of Cleveland will serve as the single paper check processing and adjustments site and that the Federal Reserve Bank of Atlanta will serve as ...
By Fed Newswire | Nov 6, 2008
News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Paramount Bancorp, Inc., a registered bank holding company, Paramount Bank, a state chartered member bank, both of Farmington Hills, Michigan, the Federal Reserve Bank of Chicago, and the Michigan Office of Financial and Insurance Regulation.
