By Fed Newswire | Aug 10, 2020
News Release: Following its stress tests earlier this year, the Federal Reserve Board on Monday announced individual large bank capital requirements, which will be effective on October 1.
By Fed Newswire | Aug 6, 2020
News Release: The Federal Reserve Board on Thursday announced details of the FedNow℠ Service, a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States.
By Fed Newswire | Aug 6, 2020
News Release: The Federal Reserve Board on Thursday announced a cease and desist order against Capital One Financial Corporation of McLean, Virginia. The enforcement action is the result of a significant data breach from March 2019 at the firm's national bank subsidiaries affecting the personal information of Capital One credit card customers and applicants for credit card products.
By Fed Newswire | Aug 4, 2020
News Release: The Federal Reserve Board on Tuesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Apex Bancorp, Inc., Camden, Tennessee, to acquire control of Community Capital Bancshares, Inc. ("Community Capital"), and thereby indirectly acquire control of Community Capital's state nonmember bank subsidiary, AB&T, both of Albany, Georgia.
By Fed Newswire | Jul 29, 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 | Jul 28, 2020
News Release: The Federal Reserve Board on Tuesday announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the COVID-19 pandemic.
By Fed Newswire | Jul 23, 2020
News Release: The Federal Reserve Board on Thursday broadened the set of firms eligible to transact with and provide services in three emergency lending facilities. Encouraging a broader range of agents for the Term Asset-Backed Securities Loan Facility (TALF) and counterparties for the Commercial Paper Funding Facility (CPFF) and Secondary Market Corporate Credit Facility (SMCCF) will increase the Federal Reserve's operational capacity and insight into the respective markets.
By Fed Newswire | Jul 21, 2020
News Release: The Federal Reserve Board on Tuesday announced its intent to maintain the current schedule of prices for most payment services that the Federal Reserve Banks provide to depository institutions (priced services) in 2021. This approach recognizes the uncertainties created by the COVID-19 pandemic, and the difficulty in applying standard forecasting tools in this environment.
By Fed Newswire | Jul 17, 2020
News Release: The Federal Reserve Board on Friday modified the Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. As detailed in term sheets released today, the Board approved two new loan options to provide support to a broad set of nonprofit organizations that were in sound financial condition prior to the pandemic.
By Fed Newswire | Jul 15, 2020
News Release: The Federal Reserve Board, along with co-sponsoring Federal Reserve Banks and other regional partners announced on Wednesday that the National College Fed Challenge will be held in a virtual format in 2020. The new format will include a video submission, a virtual judged question and answer session, and a virtual event announcing the winners in November. The new format will allow schools outside current Fed Challenge districts to compete in a newly created at-large region.
By Fed Newswire | Jul 15, 2020
News Release: The Federal Reserve Board on Wednesday announced an extension of a rule change to bolster the effectiveness of the Small Business Administration's (SBA) Paycheck Protection Program (PPP). Like the earlier rule, the extension 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 | Jul 9, 2020
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: The Leaders Group, Inc., Oak Brook, Illinois Written Agreement dated April 26, 2011 (PDF) Terminated July 1, 2020 Additional enforcement actions can be searched for here.
By Fed Newswire | Jul 7, 2020
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from May 18 through June 10, 2020.
By Fed Newswire | Jul 2, 2020
News Release: The Federal Open Market Committee on Thursday announced its tentative meeting schedule for 2021: January 26-27 (Tuesday-Wednesday) March 16-17 (Tuesday-Wednesday) April 27-28 (Tuesday-Wednesday) June 15-16 (Tuesday-Wednesday) July 27-28 (Tuesday-Wednesday) September 21-22 (Tuesday-Wednesday) November 2-3 (Tuesday-Wednesday) December 14-15 (Tuesday-Wednesday) January 25-26, 2022 (Tuesday-Wednesday) For media inquiries, call 202-452-2955.
By Fed Newswire | Jul 2, 2020
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Putnam County Bank, Hurricane, West Virginia Flood insurance violations civil money penalty, dated July 1, 2020 The Board also announced the termination of the enforcement action listed below: Barclays ...
By Fed Newswire | Jul 1, 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 June 9–10, 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 | Jul 1, 2020
News Release: The Federal Deposit Insurance Corporation and the Federal Reserve Board today provided information to the eight largest and most complex domestic banking organizations that will guide their next resolution plans, which are due by July 1, 2021.
By Fed Newswire | Jun 30, 2020
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Benchmark Community Bank, Kenbridge, Virginia Flood insurance violations civil money penalty, dated June 25, 2020 The Board also announced the termination of the enforcement action listed below: Peoples Bank, Lawrence, Kansas Consent Order, dated Nov. 28, 2017 (PDF) Terminated June 25, 2020 Additional enforcement actions can be searched for here.
By Fed Newswire | Jun 29, 2020
News Release: The Federal Reserve Board on Monday released a new term sheet for the Primary Market Corporate Credit Facility, adding pricing and other information. As detailed in an FAQ released today, pricing will be issuer-specific and informed by market conditions. Prices will also be subject to minimum and maximum spreads over comparable maturity Treasury securities.
By Fed Newswire | Jun 29, 2020
News Release: The Federal Reserve Board on Monday announced that it is seeking individuals to serve on its Insurance Policy Advisory Committee, or IPAC, which was established by the Economic Growth, Regulatory Relief, and Consumer Protection Act.
