By Fed Newswire | Feb 4, 2020
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Prohibition, restitution, and fine against Carol Allen, former employee of Farmers & Merchants Bank, Baldwyn, Mississippi, for embezzling funds.
By Fed Newswire | Feb 4, 2020
News Release: The Federal Reserve Board on Tuesday announced that it is permanently barring Andrea Vella, a senior executive at Goldman Sachs, from the banking industry for his role in Goldman's financing of a defrauded Malaysian sovereign wealth fund.
By Fed Newswire | Jan 31, 2020
News Release: WASHINGTON—Federal bank regulatory agencies find that the share and amount of loan commitments with the lowest supervisory ratings rose slightly between 2018 and 2019, according to the Shared National Credit (SNC) Program Review. Total commitments with low ratings remain elevated compared to lows reached during prior periods of strong economic performance.
By Fed Newswire | Jan 30, 2020
News Release: Michelle W. Bowman was sworn in for her second term as a member of the Board of Governors of the Federal Reserve System on Thursday. The oath was administered by Chair Jerome H. Powell in the Board Room.
By Fed Newswire | Jan 30, 2020
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Alden State Bank, Alden, New York Flood insurance violations civil money penalty, dated Jan. 24, 2020.
By Fed Newswire | Jan 30, 2020
News Release: Five federal financial regulatory agencies on Thursday invited public comment on a proposal to modify regulations implementing the Volcker rule's general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as "covered funds." Since the regulations implementing ...
By Fed Newswire | Jan 30, 2020
News Release: The Federal Reserve Board on Thursday finalized a rule to simplify and increase the transparency of the Board's rules for determining control of a banking organization. If a company has control over a banking organization, the company generally becomes subject to the Board's rules and regulations.
By Fed Newswire | Jan 29, 2020
News Release: Information received since the Federal Open Market Committee met in December indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household ...
By Fed Newswire | Jan 14, 2020
News Release: The Federal Reserve Board on Tuesday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president of the council for 2020.
By Fed Newswire | Jan 10, 2020
News Release: The Federal Reserve Board on Friday announced the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2020.
By Fed Newswire | Jan 10, 2020
News Release: The Federal Reserve Board on Friday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $54.9 billion to the U.S. Treasury. The 2019 audited Reserve Bank financial statements are expected to be published in March and may include adjustments to these preliminary unaudited results.
By Fed Newswire | Jan 9, 2020
News Release: The Federal Reserve Board on Thursday released the minutes of its interest rate meetings from November 4 and Dec. 11, 2019.
By Fed Newswire | Jan 9, 2020
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: United Bank of El Paso del Norte, El Paso, Texas Cease and Desist Order dated Dec. 30, 2019 Enforcement actions can be searched for here.
By Fed Newswire | Jan 3, 2020
News Release: The Federal Reserve Board and the Federal Open Market Committee on Friday released the attached minutes of the Committee meeting held on December 10-11, 2019. 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 | Dec 31, 2019
News Release: WASHINGTON—The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations.
By Fed Newswire | Dec 23, 2019
News Release: The Federal Reserve Board on Monday approved modifications to the Federal Reserve Banks' National Settlement Service (NSS) and Fedwire® Funds Service to support enhancements to the same-day automated clearinghouse (ACH) service. The Board also approved changes intended to reduce the risk that the modified ...
By Fed Newswire | Dec 20, 2019
News Release: Five federal agencies today announced they will reopen and extend until Jan. 23, 2020, the comment period on a proposal to change swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.
By Fed Newswire | Dec 20, 2019
News Release: The Federal Deposit Insurance Corporation and the Federal Reserve Board on Friday announced that they will extend until Feb. 28, 2020, the deadline on the request for information on their use of the Uniform Financial Institutions Rating System, also known as the CAMELS rating system.
By Fed Newswire | Dec 19, 2019
News Release: The Federal Reserve Board on Thursday released Uncertain Terms: What Small Business Borrowers Find When Browsing Online Lender Websites, a report that examines the information that prospective small business borrowers encounter when researching and comparing credit products offered by online lenders.
By Fed Newswire | Dec 19, 2019
News Release: The growth of payments using debit and credit cards and the automated clearinghouse (ACH) system continued to accelerate from 2015 to 2018, while check payments continued their long-run decline, according to U.S. noncash payments data collected by the Federal Reserve.
