By Fed Newswire | Sep 17, 2020
News Release: The Federal Reserve Board on Thursday released its hypothetical scenarios for a second round of bank stress tests. Earlier this year, the Board's first round of stress tests found that large banks were well capitalized under a range of hypothetical events. An additional round of stress tests is being performed due to the continued uncertainty from the COVID event.
By Fed Newswire | Sep 16, 2020
News Release: The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the September 15-16 meeting.
By Fed Newswire | Sep 16, 2020
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 | Sep 14, 2020
News Release: The Federal Reserve Board on Monday announced the appointment of Trevor Reeve as director of the Division of Monetary Affairs. Prior to the appointment, Reeve served as a deputy director of the division.
By Fed Newswire | Sep 8, 2020
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Allied First Bancorp, Inc., Oswego, Illinois Written Agreement dated June 6, 2014 Terminated Sept. 2, 2020 Additional enforcement actions can be searched for here.
By Fed Newswire | Sep 4, 2020
News Release: The Federal Reserve Board on Friday released corrected stress test results stemming from an error in projected trading losses and as a result, revised the capital requirements for two banks. The Board identified the error and all results affected by it, corrected those results, and implemented changes to prevent similar errors in the future.
By Fed Newswire | Sep 2, 2020
News Release: I will miss Thomas as both a colleague and a friend. He was a world-class economist, committed to public service and universally respected for his significant contributions to the theory and practice of monetary policy. His expertise, intellect, and good judgment were peerless. His many friends and colleagues ...
By Fed Newswire | Sep 1, 2020
News Release: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of Hurricane Laura and the California ...
By Fed Newswire | Sep 1, 2020
News Release: WASHINGTON—Five federal regulatory agencies today announced they will extend the comment period on a proposal to revise the Interagency Questions and Answers Regarding Flood Insurance (Interagency Questions and Answers) until Nov. 3, 2020.
By Fed Newswire | Aug 27, 2020
News Release: Following an extensive review that included numerous public events across the country, the Federal Open Market Committee (FOMC) on Thursday announced the unanimous approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy, which articulates its approach to monetary policy ...
By Fed Newswire | Aug 26, 2020
News Release: The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Illinois Bancorp, Inc., East St. Louis, Illinois, to acquire Rockwood Bancshares, Inc., and thereby indirectly acquire its subsidiary state nonmember bank, Rockwood Bank, both of Eureka, Missouri.
By Fed Newswire | Aug 26, 2020
News Release: The federal bank regulatory agencies today finalized three rules, which are either identical or substantially similar to interim final rules currently in effect that were issued earlier this year. They include: * A final rule that temporarily modifies the community bank leverage ratio, as required by ...
By Fed Newswire | Aug 25, 2020
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from June 22 through July 29, 2020.
By Fed Newswire | Aug 24, 2020
News Release: The Federal Reserve Board in December will co-host a research conference on bank supervision. The conference will bring together academics, supervisors, bankers, and other stakeholders to discuss the theory and practice of bank supervision.
By Fed Newswire | Aug 21, 2020
News Release: WASHINGTON—The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration, and the Office of the Comptroller of the Currency today issued a joint statement clarifying that Bank Secrecy Act (BSA) due diligence requirements for customers who may be considered "politically exposed persons" (PEPs) should be commensurate with the risks posed by the PEP relationship.
By Fed Newswire | Aug 20, 2020
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent cease-and-desist order against Gregory White, former employee of Heartland Bank, Little Rock, Arkansas, for disclosing confidential supervisory information without authorization.
By Fed Newswire | Aug 19, 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 July 28-29, 2020.
By Fed Newswire | Aug 13, 2020
News Release: The Federal Reserve on Thursday highlighted the research and experimentation undertaken to enhance its understanding of the opportunities and risks associated with central bank digital currencies. The initiatives complement a broad set of payments-related innovation projects currently underway within the Federal Reserve System.
By Fed Newswire | Aug 13, 2020
News Release: WASHINGTON—The federal banking agencies today issued a joint statement updating their existing enforcement guidance to enhance transparency regarding how they evaluate enforcement actions that are required by statute when financial institutions fail to meet Bank Secrecy Act/anti-money laundering (BSA/AML) obligations.
By Fed Newswire | Aug 11, 2020
News Release: The Federal Reserve Board on Tuesday announced revised pricing for its Municipal Liquidity Facility (MLF). The revised pricing reduces the interest rate spread on tax-exempt notes for each credit rating category by 50 basis points and reduces the amount by which the interest rate for taxable notes is adjusted relative to tax-exempt notes.
