By Fed Newswire | Dec 19, 2019
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Société Générale S.A., Paris, France, and Société Générale, New York Branch, New York, New York Written Agreement (PDF) dated Dec. 17, 2019 Additional enforcement actions can be searched for here.
By Fed Newswire | Dec 18, 2019
News Release: The Federal Reserve Board on Wednesday launched a new Twitter account aimed at increasing access to the research done by the more than 400 economists and other research staff at the Board. The new account—@FedResearch —will highlight research published in the Board's working papers and notes series, other staff articles, and conferences.
By Fed Newswire | Dec 18, 2019
News Release: The Federal Reserve Board on Wednesday announced the appointment of Beth Anne Wilson as director of the Division of International Finance, effective February 1. Wilson, currently a deputy director of the division, will succeed Steven B. Kamin, who will serve as a senior adviser to the division before retiring at the end of April.
By Fed Newswire | Dec 17, 2019
News Release: The Federal Reserve Board on Tuesday announced that it will hold a series of "fintech innovation office hours" across the country to meet with banks and companies engaged in emerging financial technologies, popularly known as fintech.
By Fed Newswire | Dec 17, 2019
News Release: The Federal Reserve Board and Federal Deposit Insurance Corporation announced Tuesday that they did not find any "deficiencies," which are weaknesses that could result in additional prudential requirements if not corrected, in the resolution plans of the largest and most complex domestic banks. However, ...
By Fed Newswire | Dec 16, 2019
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 Citizens BancShares, Inc., Raleigh, North Carolina, to acquire Entegra Financial Corp. ("Entegra") and thereby indirectly acquire Entegra's state nonmember bank subsidiary, Entegra Bank, both of Franklin, North Carolina.
By Fed Newswire | Dec 13, 2019
News Release: The Federal Reserve Board announced on Friday that it will extend until Jan. 22, 2020, the comment period for its proposal to establish risk-based capital requirements for certain insurance companies supervised by the Board.
By Fed Newswire | Dec 12, 2019
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: JPMorgan Chase & Co., New York, New York Cease and Desist Order, dated Jan. 14, 2013 Terminated December 5, 2019 Spirit BankCorp, Inc., Bristow, Oklahoma Written Agreement, dated Aug. 2, 2012 ...
By Fed Newswire | Dec 12, 2019
News Release: The Federal Reserve Board on Thursday announced the annual adjustment to the asset-size threshold in Regulation I that determines the dividend rate paid to banks that are members of the Federal Reserve System. The updated total consolidated asset threshold is $10.715 billion through Dec. 31, 2020.
By Fed Newswire | Dec 11, 2019
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 December 10-11 meeting.
By Fed Newswire | Dec 11, 2019
News Release: Information received since the Federal Open Market Committee met in October 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 | Dec 9, 2019
News Release: I am deeply saddened by the passing of Paul Volcker. He believed there was no higher calling than public service. His life exemplified the highest ideals–integrity, courage, and a commitment to do what was best for all Americans. His contributions to the nation left a lasting legacy. My colleagues and I at the Federal Reserve mourn this loss and send our condolences to his family.
By Fed Newswire | Dec 3, 2019
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Bank of America, Charlotte, North Carolina Cease and Desist Order, dated May 20, 2015 (PDF) Terminated Nov. 22, 2019 Additional enforcement actions can be searched for here.
By Fed Newswire | Dec 3, 2019
News Release: Five Federal financial regulatory agencies today issued a joint statement on the use of alternative data in underwriting by banks, credit unions, and non-bank financial firms.
By Fed Newswire | Dec 3, 2019
News Release: WASHINGTON—Four federal agencies in conjunction with the state bank regulators today issued a statement clarifying the legal status of hemp growth and production and the relevant requirements under the Bank Secrecy Act (BSA) for banks providing services to hemp-related businesses.
By Fed Newswire | Nov 27, 2019
News Release: The Federal Reserve Board on Wednesday announced the approval of fee schedules, effective Jan. 2, 2020, for payment services the Federal Reserve Banks provide to depository institutions (priced services).
By Fed Newswire | Nov 26, 2019
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from October 7 through Oct. 30, 2019.
By Fed Newswire | Nov 25, 2019
News Release: The Federal Reserve Board on Monday released Perspectives from Main Street: Bank Branch Access in Rural Communities, a report that examines how rural consumers and small businesses use bank branches and how their communities have been affected by branch closures.
By Fed Newswire | Nov 22, 2019
News Release: Pace University won the 16th annual national College Fed Challenge on Friday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve. The team, from New York, New York, represented the New York Federal Reserve District and included Scarlett Bekus, Joseph Drennan, Sean Freda, Marissa Kleinbauer, and Dylan Seals. The team's faculty adviser was Gregory Colman.
By Fed Newswire | Nov 20, 2019
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 29-30, 2019 and of the conference call held on October 4, 2019.
