By Fed Newswire | Oct 20, 2020
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent cease and desist order against Weldon Riggs, an employee of First Savings Bank, Jeffersonville, Indiana, for engaging in unsafe and unsound practices while supervising a loan production office.
By Fed Newswire | Oct 20, 2020
News Release: The federal bank regulatory agencies on Tuesday finalized a rule strengthening the resilience of large banks by requiring them to maintain a minimum level of stable funding over a one-year period.
By Fed Newswire | Oct 20, 2020
News Release: The federal bank regulatory agencies today finalized a rule to limit the interconnectedness and reduce the impact from failure of the largest banking organizations. The final rule is substantially similar to the proposal announced last year and complements other measures that the agencies have taken to limit interconnectedness among the largest banking organizations.
By Fed Newswire | Oct 15, 2020
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: M&T Bank, Buffalo, New York Flood insurance violations civil money penalty, dated Oct. 14, 2020 Enforcement actions can be searched for here.
By Fed Newswire | Oct 13, 2020
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from August 24 through Sept. 16, 2020.
By Fed Newswire | Oct 7, 2020
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 15–16, 2020. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.
By Fed Newswire | Oct 7, 2020
News Release: The Federal Reserve Board on Wednesday announced an enforcement action against Citigroup Inc. of New York, New York, that requires the firm to correct several longstanding deficiencies.
By Fed Newswire | Oct 6, 2020
News Release: The Federal Reserve Board announced on Tuesday that it will begin the 2020 Census of Finance Companies and Other Lenders. The census is a key part of the Federal Reserve's effort to paint a complete picture of this important sector of the U.S. economy.
By Fed Newswire | Oct 1, 2020
News Release: The Federal Reserve Board on Thursday extended to March 31, 2021, temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks on both a collateralized and uncollateralized basis. These temporary actions: (1) suspend uncollateralized intraday credit limits ...
By Fed Newswire | Oct 1, 2020
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Atlantic Community Bankers Bank, Camp Hill, Pennsylvania Written Agreement dated Sept. 28, 2020 Enforcement actions can be searched for here.
By Fed Newswire | Sep 30, 2020
News Release: The Federal Reserve Board on Wednesday announced its approval of the notice under section 4 of the Bank Holding Company Act of 1956 and under section 163(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act by Morgan Stanley, New York, New York, to acquire E*TRADE Financial Corporation ("E*TRADE") and thereby indirectly acquire E*TRADE's subsidiary federal savings associations, E*TRADE Bank and E*TRADE Savings Bank, all of Arlington, Virginia.
By Fed Newswire | Sep 30, 2020
News Release: The Federal Reserve Board on Wednesday announced its approval of the notice under section 4 of the Bank Holding Company Act of 1956 by The Toronto-Dominion Bank, Toronto, Canada, and its subsidiary, TD Group US Holdings LLC, Wilmington, Delaware, to acquire more than five percent of the voting shares of The Charles Schwab Corporation, San Francisco, California, a savings and loan holding company.
By Fed Newswire | Sep 30, 2020
News Release: Due to the continued economic uncertainty from the coronavirus response, the Federal Reserve Board on Wednesday announced it will extend for an additional quarter several measures to ensure that large banks maintain a high level of capital resilience.
By Fed Newswire | Sep 30, 2020
News Release: The Federal Reserve Board on Wednesday invited public comment on a proposal that would update the Board's capital planning requirements to be consistent with other Board rules that were recently modified.
By Fed Newswire | Sep 29, 2020
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Habib Bank Limited, Karachi, Pakistan and Habib Bank Limited New York Branch, New York, New York Cease and Desist Order dated Dec. 11, 2015 (PDF) Terminated Sept. 22, 2020 Persons Banking Company, Inc., Macon, Georgia Written Agreement dated Oct. 14, 2010 (PDF) Terminated Sept. 22, 2020 Additional enforcement actions can be searched for here.
By Fed Newswire | Sep 29, 2020
News Release: The federal bank regulatory agencies finalized two rules, which are either identical or substantially similar to interim final rules currently in effect and issued earlier this year. They include: * A final rule that temporarily defers appraisal and evaluation requirements for up to 120 days after the ...
By Fed Newswire | Sep 25, 2020
News Release: The Federal Reserve Board on Friday announced that it is amending the implementation date for modifications to the Federal Reserve Banks' payment services to facilitate adoption of a later same-day automated clearinghouse (ACH) processing and settlement window and for corresponding changes to the Federal Reserve Policy on Payment System Risk (PSR policy).
By Fed Newswire | Sep 21, 2020
News Release: The Federal Reserve Board on Monday issued an Advance Notice of Proposed Rulemaking (ANPR) that invites public comment on an approach to modernize the regulations that implement the Community Reinvestment Act (CRA) by strengthening, clarifying, and tailoring them to reflect the current banking landscape ...
By Fed Newswire | Sep 18, 2020
News Release: Data collected to supplement the Federal Reserve Board's seventh annual Survey of Household Economics and Decisionmaking showed that U.S. families were faring better financially in July than in April, but many still faced uncertainty regarding layoffs and prospects for returning to work.
By Fed Newswire | Sep 18, 2020
News Release: The Federal Reserve Board on Friday updated its frequently asked questions (FAQs) to clarify the Board and Department of Treasury's expectations regarding lender underwriting for the Main Street Lending Program. The revised FAQs emphasize that lender underwriting should look back to the borrower's pre-pandemic condition and forward to their post-pandemic prospects. The FAQs also clarify supervisory expectations for lenders originating Main Street loans.
