By Fed Newswire | Jun 26, 2020
News Release: WASHINGTON—Five federal regulatory agencies today requested public comment on new and revised Interagency Questions and Answers Regarding Flood Insurance. The Interagency Questions and Answers, which provide information addressing technical flood insurance-related compliance issues, were last updated in 2011.
By Fed Newswire | Jun 25, 2020
News Release: The Federal Reserve Board on Thursday released the results of its stress tests for 2020 and additional sensitivity analyses that the Board conducted in light of the coronavirus event.
By Fed Newswire | Jun 25, 2020
News Release: Five federal agencies have finalized changes to their swap margin rule to facilitate the implementation of prudent risk management strategies at banks and other entities with significant swap activities.
By Fed Newswire | Jun 25, 2020
News Release: Five federal regulatory agencies today finalized a rule modifying the Volcker rule's prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as covered funds. The final rule is broadly similar to the proposed rule from January.
By Fed Newswire | Jun 24, 2020
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2020 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition.
By Fed Newswire | Jun 23, 2020
News Release: The four federal agencies in conjunction with the state bank and credit union regulators today issued examiner guidance to promote consistency and flexibility in the supervision and examination of financial institutions affected by the COVID-19 pandemic. No action on the part of supervised institutions is required.
By Fed Newswire | Jun 18, 2020
News Release: The Federal Reserve today published the FraudClassifier model —a set of tools and materials to help provide a consistent way to classify and better understand the magnitude of fraudulent activity and how it occurs across the payments industry. The model was developed by the Fraud Definitions Work Group , which was comprised of Federal Reserve and payments industry fraud experts.
By Fed Newswire | Jun 15, 2020
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Horizon National Corporation, Memphis, Tennessee, to merge with IBERIABANK Corporation and thereby indirectly acquire its subsidiary state member bank, IBERIABANK, ...
By Fed Newswire | Jun 15, 2020
News Release: The Federal Reserve Board on Monday announced it will be seeking public feedback on a proposal to expand its Main Street Lending Program to provide access to credit for nonprofit organizations. As with the existing Main Street Lending Program, which targets small and medium-sized businesses, the proposed ...
By Fed Newswire | Jun 15, 2020
News Release: The Federal Reserve Board on Monday announced that it will resume examination activities for all banks, after previously announcing a reduced focus on exam activity in light of the coronavirus response.
By Fed Newswire | Jun 12, 2020
News Release: The Federal Reserve Board on Friday released a report, Fed Listens: Perspectives from the Public, summarizing the 15 Fed Listens events held by the Board and the Federal Reserve Banks since the beginning of 2019, including the most recent event to discuss the effects of the COVID-19 pandemic. Fed Listens events are part of the Federal Reserve's review of monetary policy strategy, tools, and communication practices.
By Fed Newswire | Jun 10, 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 June 9-10 meeting.
By Fed Newswire | Jun 10, 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 | Jun 9, 2020
News Release: The Federal Reserve Board announced on Tuesday that results from both its Dodd-Frank Act stress tests and the related Comprehensive Capital Analysis and Review, or CCAR, will be released on Thursday, June 25, at 4:30 p.m. EDT.
By Fed Newswire | Jun 9, 2020
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: East West Bank, Pasadena, California Flood insurance violations civil money penalty, dated June 8, 2020 Additional enforcement actions can be searched for here.
By Fed Newswire | Jun 8, 2020
News Release: The Federal Reserve Board on Monday expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support. The Board lowered the minimum loan amount, raised the maximum loan limit, adjusted the principal repayment schedule to begin after two years, and ...
By Fed Newswire | Jun 4, 2020
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: State Street Corporation and State Street Bank and Trust Company, both of Boston, Massachusetts Written Agreement, dated May 28, 2015 (PDF) Terminated May 29, 2020 Additional enforcement actions can be searched for here.
By Fed Newswire | Jun 3, 2020
News Release: The Federal Reserve Board on Wednesday announced an expansion in the number and type of entities eligible to directly use its Municipal Liquidity Facility (MLF). Under the new terms, all U.S. states will be able to have at least two cities or counties eligible to directly issue notes to the MLF regardless ...
By Fed Newswire | Jun 2, 2020
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that they will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the prior year's ratios, which were released on May 28, 2019.
By Fed Newswire | May 29, 2020
News Release: The Federal Reserve Board on Friday released results of a survey of senior financial officers at banks about their strategies and practices for managing reserve balances. The Senior Financial Officer Survey is used by the Board to obtain information about deposit pricing and behavior, bank liability ...
