By Fed Newswire | May 17, 2021
News Release: Accessible Keys for Video [Space Bar] toggles play/pause; [Right/Left Arrows] seeks the video forwards and back (5 sec ); [Up/Down Arrows] increase/decrease volume; [M] toggles mute on/off; [F] toggles fullscreen on/off (Except IE 11); The [Tab] key may be used in combination with the [Enter/Return] key to navigate and activate control buttons, such as caption on/off.
By Fed Newswire | May 17, 2021
News Release: Five federal financial regulatory agencies announced today they will extend the comment period on the request for information on financial institutions' use of artificial intelligence (AI) until July 1, 2021.
By Fed Newswire | May 14, 2021
News Release: The Federal Reserve Board on Friday announced the third extension of a rule to bolster the effectiveness of the Small Business Administration's (SBA) Paycheck Protection Program (PPP). Like the earlier extensions, this one will temporarily modify the Board's rules so that certain bank directors and shareholders can apply to their banks for PPP loans for their small businesses.
By Fed Newswire | May 14, 2021
News Release: The Federal Reserve Board on Friday announced its approval of the applications under section 3 of the Bank Holding Company Act of 1956 by (1) The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania, to acquire BBVA USA Bancshares, Inc., Houston, Texas, and thereby indirectly acquire its subsidiary state member bank, BBVA USA, Birmingham, Alabama, and (2) PNC Financial's subsidiary, PNC Bancorp, Inc., Wilmington, Delaware, to acquire BBVA USA.
By Fed Newswire | May 5, 2021
News Release: The Federal Reserve Board on Wednesday invited public comment on proposed guidelines to evaluate requests for accounts and payment services at Federal Reserve Banks ("Account Access Guidelines").
By Fed Newswire | Apr 29, 2021
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: Consent cease and desist order and civil money penalty against Peter Little Former employee of Barclays Bank PLC, New York, New York Engaging in manipulative and collusive foreign exchange trading practices ...
By Fed Newswire | Apr 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 | Apr 22, 2021
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: The Yellowstone Bank, Laurel, Montana Flood insurance violations, civil money penalty Dated April 16, 2021 Iowa Prairie Bank, Brunsville, Iowa Written agreement Dated April 20, 2021 Search of Federal Reserve enforcement actions.
By Fed Newswire | Apr 22, 2021
News Release: The federal bank regulatory agencies today invited comment on a proposed rule that updates and codifies existing guidance on income tax allocation agreements involving depository institutions and their affiliates.
By Fed Newswire | Apr 13, 2021
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from February 8 through March 17, 2021.
By Fed Newswire | Apr 12, 2021
News Release: The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board's other advisory councils whose members represent depository institutions—the Federal Advisory Council and the Community Depository Institutions Advisory Council.
By Fed Newswire | Apr 9, 2021
News Release: The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, today issued a joint statement addressing how risk management principles described in the "Supervisory Guidance on Model Risk Management" relate to systems or models ...
By Fed Newswire | Apr 9, 2021
News Release: The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by VeraBank, Inc., Henderson, Texas, to acquire 100 percent of the voting shares of Panola National Bank, Carthage, Texas.
By Fed Newswire | Apr 8, 2021
News Release: The Federal Reserve Board on Thursday requested public comment on a proposal to automate non-merger-related adjustments to member banks' subscriptions to Federal Reserve Bank capital stock. The automated process would eliminate the need for member banks to file applications to adjust their stock subscriptions—except in the context of mergers—and would significantly reduce the annual reporting burden.
By Fed Newswire | Apr 8, 2021
News Release: The Federal Reserve on Thursday announced a final rule that makes technical, clarifying updates to the Federal Open Market Committee's rules describing its Freedom of Information Act (FOIA) procedures. The final rule is generally similar to the proposal from October 2020, with a few changes in response to public comments.
By Fed Newswire | Apr 8, 2021
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: Consent prohibition against Blake King Former employee of Farmers Bank of Northern Missouri, Unionville, Missouri Misappropriation of customer funds The Missouri Bank, Warrenton, Missouri Flood insurance violations, civil money penalty Additional enforcement actions can be searched for here.
By Fed Newswire | Apr 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 March 16–17, 2021.
By Fed Newswire | Mar 31, 2021
News Release: The Federal Reserve Board on Wednesday adopted a final rule outlining and confirming the use of supervisory guidance for regulated institutions. The final rule generally codifies a statement issued in September 2018 clarifying the differences between regulations and guidance and is substantially similar to the proposal issued last year.
By Fed Newswire | Mar 31, 2021
News Release: The Federal Reserve Board on Wednesday published frequently asked questions (FAQs) comprising existing legal interpretations related to a number of the Board's longstanding regulations. The FAQs are intended to increase transparency and enhance accessibility to Board and Board staff legal interpretations.
By Fed Newswire | Mar 30, 2021
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Prohibition against Frank E. Smith and Mark A. Kiolbasa, institution-affiliated parties of Farmers State Bank, Pine Bluffs, Wyoming, for breach of fiduciary duties and engaging in unsafe or unsound practices.
