By Fed Newswire | Aug 3, 2021
News Release: The Federal Reserve Board announced on Tuesday that it will extend until September 9, 2021, the comment period for its proposal to govern funds transfers over the Federal Reserve Banks' FedNow℠ Service. The FedNow Service is a new 24x7x365 service that will support instant payments in the United States and is expected to be available in 2023.
By Fed Newswire | Jul 30, 2021
News Release: The Federal Reserve Board on Friday announced that is seeking individuals with a diverse set of expert insurance perspectives in life, property and casualty, and reinsurance issues to serve on its Insurance Policy Advisory Committee, or IPAC.
By Fed Newswire | Jul 28, 2021
News Release: The Federal Open Market Committee on Wednesday announced the establishment of two standing repurchase agreement (repo) facilities—a domestic standing repo facility (SRF) and a repo facility for foreign and international monetary authorities (FIMA repo facility). These facilities will serve as backstops in money markets to support the effective implementation of monetary policy and smooth market functioning.
By Fed Newswire | Jul 28, 2021
News Release: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
By Fed Newswire | Jul 22, 2021
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Texico Bancshares Corporation, Texico, Illinois and Texico State Bank, Texico, Illinois Cease and Desist Order, dated July 15, 2021 Enforcement actions can be searched for here.
By Fed Newswire | Jul 20, 2021
News Release: WASHINGTON -- The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) are committed to working together to jointly strengthen and modernize regulations implementing the Community Reinvestment Act (CRA).
By Fed Newswire | Jul 20, 2021
News Release: The Federal Reserve Board on Tuesday announced it is committed to working together with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to jointly strengthen and modernize regulations implementing the Community Reinvestment Act (CRA). "We are delighted ...
By Fed Newswire | Jul 19, 2021
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) today released the public sections of eight large domestic firms' resolution plans, which are required by the Dodd-Frank Act and commonly known as living wills.
By Fed Newswire | Jul 13, 2021
News Release: The federal bank regulatory agencies today requested public comment on proposed guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology-focused entities. The proposed guidance is intended to assist banking ...
By Fed Newswire | Jul 13, 2021
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from May 17 through June 16, 2021.
By Fed Newswire | Jul 12, 2021
News Release: The Federal Reserve Board on Monday announced its approval of the application by First Bank Corp. of Fort Smith, Arkansas, to acquire Central Bancshares of Poteau, Inc., and indirectly acquire The Central National Bank of Poteau, both of Poteau, Oklahoma.
By Fed Newswire | Jul 7, 2021
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 15–16, 2021.
By Fed Newswire | Jul 1, 2021
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: First Vision Bank, Tullahoma, Tennessee Flood insurance violations; civil money penalty Consent Order, dated June 30, 2021 Enforcement actions can be searched for here.
By Fed Newswire | Jul 1, 2021
News Release: The Federal Reserve announced on Thursday it will soon release a new tool to help community banks implement the Current Expected Credit Losses (CECL) accounting standard. Known as the Scaled CECL Allowance for Losses Estimator or "SCALE," the spreadsheet-based tool draws on publicly available regulatory and industry data to aid community banks with assets of less than $1 billion in calculating their CECL allowances.
By Fed Newswire | Jun 25, 2021
News Release: The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today announced the availability of the 2021 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition.
By Fed Newswire | Jun 25, 2021
News Release: The Federal Reserve Board on Friday announced it will extend for a final time its Paycheck Protection Program Liquidity Facility, or PPPLF, by an additional month to July 30, 2021. The extension is being made as an operational accommodation to allow additional processing time for banks, community development ...
By Fed Newswire | Jun 23, 2021
News Release: The Federal Reserve on Wednesday announced that it would continue its Fed Listens initiative in 2021 to learn from a broad range of individuals, households, and communities about the economic recovery from the COVID-19 pandemic.
By Fed Newswire | Jun 22, 2021
News Release: The Federal Reserve Board announced on Tuesday that it will extend until Aug. 11, 2021, the comment period for its proposed changes to Regulation II (Debit Card Interchange Fees and Routing) that would clarify that debit card issuers should enable, and allow merchants to choose from, at least two unaffiliated networks for card-not-present debit card transactions, such as online purchases.
By Fed Newswire | Jun 17, 2021
News Release: Federal Reserve Board Chair Jerome H. Powell will host a town hall with educators and students on Aug. 17, 2021 at 1:30 p.m. EDT.* During the event, Chair Powell will respond to questions asked by participants who will join the event virtually from across the country.
By Fed Newswire | Jun 17, 2021
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Craco, Inc., Vinita, Oklahoma Written Agreement, dated Nov. 13, 2020 (PDF) Terminated June 9, 2021 Additional enforcement actions can be searched for here.
