By Fed Newswire | Sep 30, 2008
News Release: The Federal Reserve Board announced Tuesday that the Consumer Advisory Council will hold its next meeting on Thursday, October 23. The meeting will take place in Dining Room E, Terrace Level, in the Board's Martin Building. The session will begin at 9:00 a.m. and is open to the public. Anyone planning ...
By Fed Newswire | Sep 29, 2008
News Release: In response to continued strains in short-term funding markets, central banks today are announcing further coordinated actions to expand significantly the capacity to provide U.S. dollar liquidity. Central banks will continue to work together closely and are prepared to take appropriate steps as needed to address funding pressures.
By Fed Newswire | Sep 29, 2008
News Release: The Federal Reserve Board on Monday announced the issuance of a Consent Order of Prohibition against Donald W. Linville, a former senior vice president for commercial real estate lending, and institution-affiliated party of Compass Bank, Birmingham, Alabama. Mr. Linville, without admitting to any allegations, ...
By Fed Newswire | Sep 29, 2008
News Release: The Federal Reserve Board on Monday announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against Bank of Romney, Romney, West Virginia, a state member bank. Bank of Romney, 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 | Sep 29, 2008
News Release: The Federal Reserve Board on Monday announced the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2009. These amounts are used in the calculation of reserve requirements of depository institutions. The Board also announced the annual indexing of the nonexempt deposit cutoff level and the reduced reporting limit that will be used to determine deposit reporting panels effective 2009.
By Fed Newswire | Sep 29, 2008
News Release: I welcome the agreement by the Congress and the Administration on a comprehensive plan to stabilize our financial system and support our economy. This legislation should help to restore the flow of credit to households and businesses that is essential for economic growth and job creation, while at the same time affording strong and necessary protections for taxpayers. I look forward to swift passage of the legislation.
By Fed Newswire | Sep 26, 2008
News Release: Central banks have been employing coordinated measures designed to address the pressures in global money markets. Most recently, central banks have acted together to inject dollars into the overnight markets. Using their reciprocal currency arrangements (swap lines) with the Federal Reserve, the Bank ...
By Fed Newswire | Sep 25, 2008
News Release: The Federal Reserve Board on Thursday announced its approval of the proposal by Whitney Holding Corporation, New Orleans, Louisiana, to acquire Parish National Corporation, Covington, Louisiana.
By Fed Newswire | Sep 25, 2008
News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Vineyard National Bancorp, registered bank holding company, and the Federal Reserve Bank of San Francisco.
By Fed Newswire | Sep 24, 2008
News Release: Today, the Federal Reserve, the Reserve Bank of Australia, the Danmarks Nationalbank, the Norges Bank, and the Sveriges Riksbank are announcing the establishment of temporary reciprocal currency arrangements (swap lines) to address elevated pressures in U.S. dollar short-term funding markets. These facilities, ...
By Fed Newswire | Sep 23, 2008
News Release: The Federal Reserve Board on Tuesday announced the approval of an application by The Shizuoka Bank, Ltd., Shizuoka, Japan, to establish a branch in New York, New York.
By Fed Newswire | Sep 23, 2008
News Release: On Sept. 22, 2008, the Federal Reserve conducted an auction of $75 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction: Stop-out rate: 3.750 percent Total propositions submitted: $133.562 billion Total propositions accepted: $ 75.000 billion Bid/cover ...
By Fed Newswire | Sep 23, 2008
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Community Bank of West Georgia, a state chartered member bank, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.
By Fed Newswire | Sep 23, 2008
News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Community Banks of Northern California, a state chartered member bank, the Federal Reserve Bank of Kansas City, and the California Department of Financial Institutions.
By Fed Newswire | Sep 22, 2008
News Release: Based on consultation with the Department of Justice regarding the applications of Goldman Sachs and Morgan Stanley to become bank holding companies, the Federal Reserve Board announced on Monday that the transactions may be consummated immediately without the application of the five-day antitrust waiting period.
By Fed Newswire | Sep 22, 2008
News Release: On Sept. 22, 2008, the Federal Reserve will offer $75 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 | Sep 22, 2008
News Release: The Federal Reserve Board on Monday announced the approval of a policy statement on equity investments in banks and bank holding companies. The policy statement provides additional guidance on the Board's position on minority equity investments in banks and bank holding companies that generally do not constitute "control" for purposes of the Bank Holding Company Act.
By Fed Newswire | Sep 21, 2008
News Release: The Federal Reserve Board on Sunday approved, pending a statutory five-day antitrust waiting period, the applications of Goldman Sachs and Morgan Stanley to become bank holding companies. To provide increased liquidity support to these firms as they transition to managing their funding within a bank ...
By Fed Newswire | Sep 19, 2008
News Release: The Federal Reserve Board on Friday approved two interim final rules in connection with its initiative to provide liquidity to markets by extending loans to banking organizations to finance their purchases of high-quality asset-backed commercial paper (ABCP) from money market mutual funds.
By Fed Newswire | Sep 19, 2008
News Release: The Federal Reserve Board on Friday announced two enhancements to its programs to provide liquidity to markets. One initiative will extend non-recourse loans at the primary credit rate to U.S. depository institutions and bank holding companies to finance their purchases of high-quality asset-backed commercial ...
