By Fed Newswire | Feb 17, 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 January 26-27, 2021.
By Fed Newswire | Feb 12, 2021
News Release: The Federal Reserve Board on Friday released the hypothetical scenarios for its 2021 bank stress tests. Last year, the Board found that large banks were generally well capitalized under a range of hypothetical events but due to continuing economic uncertainty placed restrictions on bank payouts to preserve the strength of the banking sector.
By Fed Newswire | Feb 9, 2021
News Release: The Federal Reserve Board on Tuesday announced the second 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 | Feb 8, 2021
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 9 of the Federal Reserve Act by Simmons Bank, Pine Bluff, Arkansas, to establish a branch at 8319 Preston Road, Dallas, Texas.
By Fed Newswire | Feb 8, 2021
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 9 of the Federal Reserve Act by Regions Bank, Birmingham, Alabama, to establish a branch at Farm to Market Road 423 (West University Drive), just south of Highway 380, Frisco, Texas.
By Fed Newswire | Feb 4, 2021
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Santander Holdings USA, Inc., Boston, Massachusetts and Santander Consumer USA, Inc., Dallas, Texas Written Agreement dated March 21, 2017 (PDF) Terminated Feb. 2, 2021 Additional enforcement actions can be searched for here.
By Fed Newswire | Feb 2, 2021
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Hua Nan Commercial Bank Limited, Taipei City, Taiwan and Hua Nan Commercial Bank Limited New York Agency, New York, New York Cease and Desist Order dated April 19, 2018 (PDF) Terminated Jan. 27, 2021 Additional enforcement actions can be searched for here.
By Fed Newswire | Jan 27, 2021
News Release: The Federal Open Market Committee, at its annual organizational meeting this week, unanimously reaffirmed its "Statement of Longer-Run Goals and Monetary Policy Strategy." The reaffirmed statement is identical to the statement adopted in August 2020 following the Committee's review of its monetary policy ...
By Fed Newswire | Jan 27, 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 | Jan 22, 2021
News Release: The Federal Reserve Board on Friday announced that the public comment period has been extended through Feb. 22, 2021, for the application by First Citizens BancShares, Inc. of Raleigh, North Carolina, to acquire CIT Group, Inc. of New York, New York.
By Fed Newswire | Jan 21, 2021
News Release: The Federal Reserve Board on Thursday announced the approval of the reappointment of 12 Federal Reserve Bank presidents and 11 first vice presidents, as previously made by their respective boards of directors.1 Each individual has been approved to serve a new five-year term beginning March 1, 2021.
By Fed Newswire | Jan 19, 2021
News Release: The Federal Reserve Board on Tuesday finalized a rule that updates the Board's capital planning requirements to be consistent with other Board rules that were recently modified. The final rule is generally similar to the proposal.
By Fed Newswire | Jan 12, 2021
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from November 16 through Dec. 16, 2020.
By Fed Newswire | Jan 11, 2021
News Release: The Federal Reserve Board on Monday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $88.5 billion of their estimated 2020 net income to the U.S. Treasury. The 2020 audited Reserve Bank financial statements are expected to be published in March and may include adjustments to these preliminary unaudited results.
By Fed Newswire | Jan 7, 2021
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent prohibition against Carolyn E. Flynn Former employee Community Financial Services Bank, Benton, Kentucky Unsafe and unsound lending and customer information practices Search of Federal Reserve enforcement actions.
By Fed Newswire | Jan 6, 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 December 15–16, 2020.
By Fed Newswire | Jan 5, 2021
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Mid America Bank and Trust Company, Dixon, Missouri Consent Order, dated Oct. 25, 2017 Terminated January 4, 2021 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 23, 2020
News Release: The Federal Reserve Board on Wednesday announced the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2021.
By Fed Newswire | Dec 22, 2020
News Release: The Federal Reserve Board on Tuesday issued a notice of proposed rulemaking that requests public comment on proposed amendments to Regulation D (Reserve Requirements of Depository Institutions). Under the proposal, references to an "interest on required reserves" ("IORR") rate and to an "interest on ...
By Fed Newswire | Dec 22, 2020
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Credit Suisse Group AG, Zurich, Switzerland; Credit Suisse AG, Zurich, Switzerland; Credit Suisse Holdings (USA), Inc., New York, New York; and Credit Suisse AG, New York Branch, New York, New York Written Agreement dated Dec. 22, 2020 Enforcement actions can be searched for here.
