By Fed Newswire | May 29, 2020
News Release: The Federal Reserve Board on Friday released its annual determination of the aggregate consolidated liabilities of financial companies as required by the Dodd-Frank Act. The act prohibits a financial company from combining with another company if the resulting company's liabilities would exceed 10 percent of the aggregate consolidated liabilities of all financial companies.
By Fed Newswire | May 28, 2020
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: Consent prohibition against Aaron K. Hill and Jessica A. Hill, former employees of Evolve Bank & Trust, Memphis, Tennessee, for engaging in unsafe and unsound practices while running a loan production office.
By Fed Newswire | May 26, 2020
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meeting on April 29, 2020.
By Fed Newswire | May 26, 2020
News Release: The Federal Reserve Board has extended until July 3, 2020, the application period for membership on the Community Advisory Council.
By Fed Newswire | May 20, 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 April 28-29, 2020.
By Fed Newswire | May 20, 2020
News Release: The federal financial institution regulatory agencies today issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers' short-term credit needs.
By Fed Newswire | May 15, 2020
News Release: The federal bank regulatory agencies today announced temporary changes to their supplementary leverage ratio rule. The temporary modifications will provide flexibility to certain depository institutions to expand their balance sheets in order to provide credit to households and businesses in light of the challenges arising from the coronavirus response.
By Fed Newswire | May 14, 2020
News Release: Financial circumstances were generally positive for most adults at the end of 2019. However, the Federal Reserve Board's latest Report on the Economic Well-Being of U.S. Households, Featuring Supplemental Data from April 2020, found that financial conditions changed dramatically for people who experienced job loss or reduced hours during March 2020 as the spread of COVID-19 intensified in the United States.
By Fed Newswire | May 11, 2020
News Release: The Federal Reserve Board on Monday published updates to the term sheet for the Municipal Liquidity Facility (MLF) to provide pricing and other information.
By Fed Newswire | May 8, 2020
News Release: Four federal financial regulatory agencies have approved a policy statement on allowances for credit losses. The statement will promote consistency in the interpretation and application of the Financial Accounting Standards Board's credit losses accounting standard, which introduces the current expected credit losses (CECL) methodology.
By Fed Newswire | May 6, 2020
News Release: In light of the challenges arising from the coronavirus response, the Federal Deposit Insurance Corporation and the Federal Reserve Board today announced two extensions to upcoming resolution plan deadlines.
By Fed Newswire | May 5, 2020
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Prohibition and cease and desist order against Thomas P. Hinkebein, former President of Whitaker Bank, Inc., Lexington, Kentucky, for misappropriating bank property and funds.
By Fed Newswire | May 5, 2020
News Release: To support the flow of credit to households and businesses, the federal bank regulatory agencies today announced an interim final rule that modifies the agencies' Liquidity Coverage Ratio (LCR) rule to support banking organizations' participation in the Federal Reserve's Money Market Mutual Fund Liquidity Facility and the Paycheck Protection Program Liquidity Facility.
By Fed Newswire | May 1, 2020
News Release: The Federal Reserve Board on Friday finalized a rule to extend by 18 months the initial compliance dates for certain parts of its single-counterparty credit limit rule. The extension, which is unchanged from the proposal, applies to the combined U.S. operations of foreign banks and provides additional time for foreign jurisdictions' implementation of the standard to become effective.
By Fed Newswire | Apr 30, 2020
News Release: The Federal Reserve on Thursday expanded access to its Paycheck Protection Program Liquidity Facility (PPPLF) to additional lenders, and expanded the collateral that can be pledged. The changes will facilitate lending to small businesses via the Small Business Administration's (SBA) Paycheck Protection Program (PPP).
By Fed Newswire | Apr 30, 2020
News Release: The Federal Reserve Board on Thursday announced it is expanding the scope and eligibility for the Main Street Lending Program. As part of its broad effort to support the economy, the Federal Reserve developed the Main Street Lending Program to help credit flow to small and medium-sized businesses that were in sound financial condition before the pandemic.
By Fed Newswire | Apr 30, 2020
News Release: The Federal Reserve Board on Thursday announced it has fined Bank Hapoalim B.M, a foreign bank headquartered in Israel and operating in the United States, $37.35 million for the firm's unsafe and unsound practices resulting in violations of U.S. tax laws.
By Fed Newswire | Apr 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 | Apr 27, 2020
News Release: The Federal Reserve Board on Monday announced an expansion of the scope and duration of the Municipal Liquidity Facility (MLF). The facility, which was announced on April 9 as part of an initiative to provide up to $2.3 trillion in loans to support U.S. households, businesses, and communities, will offer up to $500 billion in lending to states and municipalities to help manage cash flow stresses caused by the coronavirus pandemic.
By Fed Newswire | Apr 27, 2020
News Release: The Federal Deposit Insurance Corporation and the Federal Reserve Board today announced that they will extend, by 30 days, the comment period for the agencies' proposed guidance for resolution plans submitted by certain large foreign banks. The extension will allow interested parties additional time to analyze the issues and to prepare comments through June 4, 2020.
