By Fed Newswire | Apr 1, 2008
News Release: The Federal Reserve Board on Tuesday 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.
By Fed Newswire | Mar 31, 2008
News Release: David Fettig FSPC Spokesman (612) 204-5274 david.fettig@mpls.frb.org Minneapolis, Minn.--The Federal Reserve Banks today announced modifications to the schedule for previously announced check processing infrastructure changes as consumers and businesses continue the shift from using paper checks toward electronic payments and as financial institutions rapidly adopt electronic check processing.
By Fed Newswire | Mar 28, 2008
News Release: The Federal Reserve will conduct two auctions of 28-day credit through its Term Auction Facility (TAF) in April. It will offer $50 billion in an auction to be held on Monday, April 7 and $50 billion in an auction to be held on Monday, April 21.
By Fed Newswire | Mar 27, 2008
News Release: The Federal Reserve Board on Thursday announced its approval of the notice under section 4 of the Bank Holding Company Act by The Royal Bank of Scotland Group plc, Edinburgh, Scotland, to engage, on a limited basis, in physical commodity trading, energy management services, and energy tolling as activities that are complementary to a financial activity.
By Fed Newswire | Mar 27, 2008
News Release: The Federal Reserve Board on Thursday announced that public meetings will be held next month in Los Angeles, California, and Chicago, Illinois, on the notice by Bank of America Corporation to acquire Countrywide Financial Corporation. The purpose of these meetings is to collect information relating to ...
By Fed Newswire | Mar 25, 2008
News Release: Dr. James B. Bullard has been appointed president and chief executive officer of the Federal Reserve Bank of St. Louis by the bank's board of directors. Board Chairman Irl F. Engelhardt said the appointment occurred yesterday after an extensive search by the board and was approved by the Board of Governors of the Federal Reserve System.
By Fed Newswire | Mar 25, 2008
News Release: David Fettig FSPC Spokesman (612) 204-5274 david.fettig@mpls.frb.org Minneapolis, Minn.--The Federal Reserve’s 2007 study of the composition of the check market released today shows that nearly 50 percent of checks written are consumer-to-business checks. The Check Sample Study reports on the composition ...
By Fed Newswire | Mar 25, 2008
News Release: On March 24, 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: 2.615 percent Total propositions submitted: $88.869 billion Total propositions accepted: $50.000 billion Bid/cover ratio: ...
By Fed Newswire | Mar 24, 2008
News Release: On March 24, 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).
By Fed Newswire | Mar 21, 2008
News Release: The federal bank, thrift, credit union, and Farm Credit System regulatory agencies today requested public comment on new and revised interagency questions and answers regarding flood insurance.
By Fed Newswire | Mar 20, 2008
News Release: The Federal Reserve Board announced Thursday that it will publish the annual revision to the G.17 statistical release, Industrial Production and Capacity Utilization, on Friday, March 28, at 2 p.m. EDT.
By Fed Newswire | Mar 20, 2008
News Release: The Federal Reserve Board on Thursday approved action by the Board of Directors of the Federal Reserve Bank of Philadelphia, decreasing the discount rate at the Banks from 3-1/2 percent to 2-1/2 percent, effective immediately.
By Fed Newswire | Mar 19, 2008
News Release: The Federal Reserve Board on Wednesday approved actions by the Boards of Directors of the Federal Reserve Banks of Richmond and Minneapolis, decreasing the discount rate at the Banks from 3-1/4 percent to 2-1/2 percent, effective immediately.
By Fed Newswire | Mar 19, 2008
News Release: The Federal Reserve Board on Wednesday 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.
By Fed Newswire | Mar 18, 2008
News Release: The Federal Reserve Board on Tuesday approved actions by the Boards of Directors of the Federal Reserve Banks of Cleveland, Chicago, and Kansas City, decreasing the discount rate at the Banks from 3-1/4 percent to 2-1/2 percent, effective immediately.
By Fed Newswire | Mar 18, 2008
News Release: The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.
By Fed Newswire | Mar 17, 2008
News Release: The Federal Reserve Board on Monday approved actions by the Boards of Directors of the Federal Reserve Banks of Boston, Cleveland, Richmond, Chicago, Minneapolis, Kansas City, and San Francisco, decreasing the discount rate at the Banks from 3-1/2 percent to 3-1/4 percent, effective immediately.
By Fed Newswire | Mar 16, 2008
News Release: The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity and promote orderly market functioning. Liquid, well-functioning markets are essential for the promotion of economic growth.
By Fed Newswire | Mar 14, 2008
News Release: The Federal Reserve is monitoring market developments closely and will continue to provide liquidity as necessary to promote the orderly functioning of the financial system. The Board voted unanimously to approve the arrangement announced by JPMorgan Chase and Bear Stearns this morning.
By Fed Newswire | Mar 13, 2008
News Release: The first new $5 bill was issued by the Federal Reserve today during a commemorative transaction at President Lincoln's Cottage at the Soldiers' Home in Washington, D.C., a historic site used by the former president as a White House summer retreat. Officials from the Federal Reserve Board, U.S. Treasury, Bureau of Engraving and Printing and U.S. Secret Service ushered the new $5 bill into circulation at the Lincoln Cottage gift shop.
