By Fed Newswire | Oct 22, 2008
News Release: The Federal Reserve Board on Wednesday announced that it will alter the formula used to determine the interest rate paid to depository institutions on excess balances.
By Fed Newswire | Oct 22, 2008
News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Bank of Canton, Canton, Pennsylvania, a state chartered member bank, and the Federal Reserve Bank of Philadelphia.
By Fed Newswire | Oct 21, 2008
News Release: The Federal Reserve Board on Tuesday released a Statement concerning its action of Oct. 12, 2008, approving the proposal by Wells Fargo & Company, San Francisco, California, to acquire Wachovia Corporation, Charlotte, North Carolina.
By Fed Newswire | Oct 21, 2008
News Release: On Oct. 20, 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: 1.110 percent Total propositions submitted: $113.271 billion Total propositions accepted: $113.271 billion Bid/cover ...
By Fed Newswire | Oct 21, 2008
News Release: The Federal Reserve Board on Tuesday announced the creation of the Money Market Investor Funding Facility (MMIFF), which will support a private-sector initiative designed to provide liquidity to U.S. money market investors.
By Fed Newswire | Oct 20, 2008
News Release: On Oct. 20, 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 | Oct 20, 2008
News Release: The Federal Reserve Board on Monday approved final amendments to Regulation C that revise the rules for reporting price information on higher-priced mortgage loans. The changes are intended to improve the accuracy and usefulness of data reported under the Home Mortgage Disclosure Act. Regulation C currently ...
By Fed Newswire | Oct 20, 2008
News Release: The federal banking and thrift regulatory agencies encourage all eligible institutions to use the Treasury Department's Capital Purchase Program and the Federal Deposit Insurance Corporation's Temporary Liquidity Guarantee Program. On Oct. 14, 2008, the U.S. government announced a series of initiatives ...
By Fed Newswire | Oct 17, 2008
News Release: The federal banking and thrift regulatory agencies announced today that they will allow banks, bank holding companies, and thrifts (collectively, "banking organizations") to recognize the effect of the tax change enacted in Section 301 of the Emergency Economic Stabilization Act of 2008 (EESA) in their third quarter 2008 regulatory capital calculations.
By Fed Newswire | Oct 16, 2008
News Release: The Federal Reserve Board on Thursday announced its approval of the proposal by Caja de Ahorros y Monte de Piedad de Madrid and Caja Madrid Cibeles S.A., both of Madrid, Spain, and CM Florida Holdings, Inc., Coral Gables, Florida, to acquire 83 percent of the voting securities of City National Bancshares, Inc. and thereby acquire control of its subsidiary bank, City National Bank of Florida, both of Miami, Florida.
By Fed Newswire | Oct 16, 2008
News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Alliance Bancshares California, a registered bank holding company, and the Federal Reserve Bank of San Francisco.
By Fed Newswire | Oct 16, 2008
News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among AmericasBank, Towson, Maryland, a state chartered member bank, the Federal Reserve Bank of Richmond, and the Maryland Division of Financial Regulation.
By Fed Newswire | Oct 16, 2008
News Release: The Federal Reserve Board on Thursday announced the adoption of an interim final rule that will allow bank holding companies to include in their Tier 1 capital without restriction the senior perpetual preferred stock issued to the Treasury Department under the capital purchase program announced by the ...
By Fed Newswire | Oct 16, 2008
News Release: The Federal Reserve on Thursday issued enhanced guidance that refines and clarifies its programs for the consolidated supervision of bank holding companies and the combined U.S. operations of foreign banking organizations (FBOs). The Federal Reserve also released guidance clarifying supervisory expectations with respect to firmwide compliance risk management.
By Fed Newswire | Oct 14, 2008
News Release: The Federal Open Market Committee has authorized an increase in the size of its temporary reciprocal currency arrangement (swap line) with the Bank of Japan, so that the Bank of Japan can provide U.S. dollar funding in quantities sufficient to meet demand.
By Fed Newswire | Oct 14, 2008
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from August 18 through Sept. 15, 2008.
By Fed Newswire | Oct 14, 2008
News Release: The Federal Reserve Board on Tuesday announced additional details regarding the Commercial Paper Funding Facility (CPFF), including that it would begin funding purchases of commercial paper on Oct. 27, 2008.
By Fed Newswire | Oct 14, 2008
News Release: Washington, DC-- The following statement was made by Treasury Secretary Henry M. Paulson, Jr, Federal Reserve Chairman Ben Bernanke and FDIC Chairman Sheila C. Bair: Today we are taking decisive actions to protect the U.S. economy, to strengthen public confidence in our financial institutions, and to ...
By Fed Newswire | Oct 14, 2008
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Irwin Financial Corporation, Columbus, Indiana, a registered bank holding company, Irwin Union Bank and Trust Company, Columbus, Indiana, a state chartered member bank, the Federal Reserve Bank of Chicago, and the Indiana Department of Financial Institutions.
By Fed Newswire | Oct 13, 2008
News Release: In order to provide broad access to liquidity and funding to financial institutions, the Bank of England (BoE), the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank (SNB) are jointly announcing further measures to improve liquidity in short-term U.S. dollar funding markets.
