By Fed Newswire | Apr 24, 2020
News Release: The Federal Reserve Board on Friday announced an interim final rule to amend Regulation D (Reserve Requirements of Depository Institutions) to delete the six-per-month limit on convenient transfers from the "savings deposit" definition. The interim final rule allows depository institutions immediately ...
By Fed Newswire | Apr 23, 2020
News Release: The Federal Reserve Board on Thursday announced 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 are consistent with the series of actions the Board has announced to ...
By Fed Newswire | Apr 23, 2020
News Release: To facilitate lending to small businesses via the Small Business Administration's Paycheck Protection Program (PPP), the Federal Reserve on Thursday announced that it is working to expand access to its Paycheck Protection Program Liquidity Facility (PPPLF) for additional SBA-qualified lenders as soon as possible.
By Fed Newswire | Apr 17, 2020
News Release: The Federal Reserve Board on Friday released the minutes of its interest rate meetings from February 10 through March 15, 2020.
By Fed Newswire | Apr 17, 2020
News Release: The Federal Reserve Board on Friday announced a rule change to bolster the effectiveness of the Small Business Administration's (SBA) Paycheck Protection Program (PPP). The change will temporarily modify the Board's rules so that certain bank directors and shareholders can apply for PPP loans for their small businesses.
By Fed Newswire | Apr 16, 2020
News Release: The Federal Reserve on Thursday announced that its Paycheck Protection Program Liquidity Facility is fully operational and available to provide liquidity to eligible financial institutions, which will help support small businesses.
By Fed Newswire | Apr 16, 2020
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: Amboy Bank, Old Bridge, New Jersey Flood insurance violations civil money penalty, dated April 14, 2020 Bank of Clarke County, Berryville, Virginia Flood insurance violations civil money penalty, dated April 15, 2020 Additional enforcement actions can be searched for here.
By Fed Newswire | Apr 14, 2020
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: SunSouth Bancshares, Inc., Dothan, Alabama Written Agreement, dated Sept. 20, 2013 (PDF) Terminated April 7, 2020 Additional enforcement actions can be searched for here.
By Fed Newswire | Apr 14, 2020
News Release: The federal banking agencies today issued an interim final rule to temporarily defer real estate-related appraisals and evaluations under the agencies' interagency appraisal regulations. The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency ...
By Fed Newswire | Apr 9, 2020
News Release: The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic.
By Fed Newswire | Apr 9, 2020
News Release: The federal bank regulatory agencies today announced an interim final rule to encourage lending to small businesses through the Small Business Administration's Paycheck Protection Program, or PPP. The PPP was established by the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, and provides loans to small businesses so that they can keep their workers on the payroll during the disruptions caused by the coronavirus.
By Fed Newswire | Apr 8, 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 March 15, 2020, and of the conference call held on March 2, 2020.
By Fed Newswire | Apr 7, 2020
News Release: The federal financial institution regulatory agencies, in consultation with state financial regulators, issued a revised interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications. The revised statement also provides the agencies' views on consumer protection considerations.
By Fed Newswire | Apr 6, 2020
News Release: The Federal Reserve Board on Monday announced that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board's other advisory councils whose members represent depository institutions — the Federal Advisory Council and the Community Depository Institutions Advisory Council.
By Fed Newswire | Apr 6, 2020
News Release: To facilitate lending to small businesses via the Small Business Administration's Paycheck Protection Program (PPP), the Federal Reserve will establish a facility to provide term financing backed by PPP loans. Additional details will be announced this week.
By Fed Newswire | Apr 6, 2020
News Release: The federal bank regulatory agencies today announced the issuance of two interim final rules to provide temporary relief to community banking organizations. The agencies are acting to implement Section 4012 of the Coronavirus Aid, Relief, and Economic Security Act, which requires the agencies to temporarily lower the community bank leverage ratio to 8 percent.
By Fed Newswire | Apr 3, 2020
News Release: The federal financial institution regulatory agencies and the state financial regulators issued a joint policy statement providing needed regulatory flexibility to enable mortgage servicers to work with struggling consumers affected by the Coronavirus Disease (referred to as COVID-19) emergency. The ...
By Fed Newswire | Apr 2, 2020
News Release: Five federal financial regulatory agencies on Thursday announced that they will consider comments submitted before May 1, 2020, on their proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as “covered funds.” ...
By Fed Newswire | Mar 31, 2020
News Release: The Federal Reserve on Tuesday announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help support the smooth functioning of financial markets, including the U.S. Treasury market, and thus maintain the supply ...
By Fed Newswire | Mar 31, 2020
News Release: The Federal Reserve Board on Tuesday announced that it will delay by six months the effective date for its revised control framework. The delay will reduce operational burden and allow institutions to focus on current economic conditions.
