Stories by Fed Newswire on Federal Newswire


Approval of proposal by Rolling Hills Bank & Trust

News Release: The Federal Reserve Board on Friday announced its approval of the application of Rolling Hills Bank & Trust, Atlantic, Iowa, to establish a branch at 502 Broad Street, Adair, Iowa.


Federal Reserve, European Central Bank, and Swiss National Bank announce an expansion of liquidity measures

News Release: Central banks have continued to work together and to consult regularly on liquidity conditions in financial markets. In view of the persistent liquidity pressures in some term funding markets, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing an expansion of their ...


Federal Reserve proposes rules to prohibit unfair practices regarding credit cards and overdraft services

News Release: The Federal Reserve Board on Friday proposed rules to prohibit unfair practices regarding credit cards and overdraft services that would, among other provisions, protect consumers from unexpected increases in the rate charged on pre-existing credit card balances.


Approval of the discount rate action of the Federal Reserve Banks of Boston, Philadelphia, Richmond, Minneapolis, and Dallas

News Release: The Federal Reserve Board on Thursday approved actions by the Boards of Directors of the Federal Reserve Banks of Boston, Philadelphia, Richmond, Minneapolis, and Dallas, decreasing the discount rate at the Banks from 2-1/2 percent to 2-1/4 percent, effective immediately.


Written agreement with First Bank of Snook

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among First Bank of Snook, Snook, Texas, the Federal Reserve Bank of Dallas, and the State of Texas Department of Banking.


Approval of the discount rate action of the Federal Reserve Banks of Chicago, Kansas City, and St. Louis

News Release: The Federal Reserve Board on Wednesday 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 2-1/2 percent to 2-1/4 percent, effective immediately.


FOMC statement

News Release: The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 2 percent.


Written agreement with WSB Financial Group

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between WSB Financial Group, Inc., Bremerton, Washington, a registered bank holding company that owns and controls Westsound Bank, Bremerton, Washington, a state nonmember bank, and the Federal Reserve Bank of San Francisco.


Federal Reserve announces results of auction of $50 billion in 28-day credit held on April 21, 2008

News Release: On April 21, 2008, the Federal Reserve conducted an auction of $50 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction: Stop-out rate: 2.870 percent Total propositions submitted: $88.288 billion Total propositions accepted: $50.000 billion Bid/cover ratio: ...


Federal Reserve will offer $50 billion in 28-day credit through its Term Auction Facility today

News Release: On April 21, 2008, the Federal Reserve will offer $50 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).


Termination of enforcement action against Traders Bank

News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below. Terminations of enforcement actions are listed on the Federal Reserve's public website, www.federalreserve.gov/boarddocs/enforcement, as they occur.


Approval of proposal by Fifth Third Bancorp

News Release: The Federal Reserve Board on Tuesday announced its approval of the proposal by Fifth Third Bancorp, Cincinnati, Ohio, to acquire First Charter Corporation and its subsidiary bank, First Charter Bank, both of Charlotte, North Carolina.


Minutes of Board discount rate meetings, February 19 through March 18, 2008

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from February 19 through March 18, 2008.


Federal Reserve extends deadline for the submission of requests to testify at public meetings on the notice by Bank of America to acquire Countrywide Financial

News Release: The Federal Reserve Board on Wednesday extended to April 15 the deadline for the submission of requests to testify at public meetings to be held next month in Los Angeles, California, and Chicago, Illinois, on the notice by Bank of America Corporation to acquire Countrywide Financial Corporation.


Minutes of Federal Open Market Committee, March 10 and 18, 2008

News Release: The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on March 18, 2008, and of the conference call held on March 10, 2008.


Federal Reserve announces results of auction of $50 billion in 28-day credit held on April 7, 2008

News Release: On April 7, 2008, the Federal Reserve conducted an auction of $50 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction: Stop-out rate: 2.820 percent Total propositions submitted: $91.569 billion Total propositions accepted: $50.000 billion Bid/cover ratio: ...


Federal Reserve will offer $50 billion in 28-day credit through its Term Auction Facility today

News Release: On April 7, 2008, the Federal Reserve will offer $50 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).


Written agreement with First Pryority Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between First Pryority Bank, Pryor, Oklahoma, the Federal Reserve Bank of Kansas City, and the Oklahoma State Banking Department. A copy of the Written Agreement is attached.


Federal Reserve System announces the availability of maps and data illustrating subprime and alt-A loan mortgage conditions across the United States

News Release: The Federal Reserve System on Tuesday announced the availability of a set of dynamic maps and data that illustrate subprime and alt-A mortgage loan conditions across the United States.


Approval of proposal by JPMorgan Chase

News Release: The Federal Reserve Board on Tuesday announced its approval of the proposal by JPMorgan Chase & Co., New York, New York, to acquire Bear Stearns Bank & Trust, Princeton, New Jersey.