By Fed Newswire | Oct 15, 2019
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on August 26 and Sept. 18, 2019.
By Fed Newswire | Oct 11, 2019
News Release: The Federal Reserve Board on Friday announced that Steven B. Kamin will be stepping down as director of the Division of International Finance, effective early next year. Kamin will serve as a senior adviser to the division and will retire after a successor has transitioned into the role.
By Fed Newswire | Oct 11, 2019
News Release: The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Magnolia Banking Corporation, Magnolia, Arkansas, to acquire Prescott Bancshares, Inc. ("Prescott"), and thereby indirectly acquire Prescott's subsidiary bank, Bank of Prescott, both of Prescott, Arkansas.
By Fed Newswire | Oct 11, 2019
News Release: Consistent with its January 2019 Statement Regarding Monetary Policy Implementation and Balance Sheet Normalization, the Committee reaffirms its intention to implement monetary policy in a regime in which an ample supply of reserves ensures that control over the level of the federal funds rate and other ...
By Fed Newswire | Oct 10, 2019
News Release: The Federal Reserve Board on Thursday announced that it is seeking to permanently bar Mai Ly-Vu, a former branch manager and vice president of Pacific Premier Bank, Irvine, California, from employment in the banking industry and to require her payment of $18,700 in restitution to the bank.
By Fed Newswire | Oct 10, 2019
News Release: The Federal Reserve Board on Thursday finalized rules that tailor its regulations for domestic and foreign banks to more closely match their risk profiles. The rules reduce compliance requirements for firms with less risk while maintaining the most stringent requirements for the largest and most complex banks.
By Fed Newswire | Oct 9, 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 September 17-18, 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 | Oct 8, 2019
News Release: Five federal financial regulatory agencies on Tuesday announced that they finalized revisions to simplify compliance requirements relating to the "Volcker rule." By statute, the Volcker rule generally prohibits banking entities from engaging in proprietary trading or investing in or sponsoring hedge funds or private equity funds.
By Fed Newswire | Oct 3, 2019
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent prohibition against John D. Evans, former employee of Columbus Bank & Trust, Columbus, Georgia, for embezzling client funds for his own benefit.
By Fed Newswire | Oct 2, 2019
News Release: The federal bank regulatory agencies today finalized updates to rules restricting the ability of a director or other management official to serve at more than one depository institution or depository holding company. The updates provide relief for community banks that have $10 billion or less in total assets and are unchanged from the proposal announced in December 2018.
By Fed Newswire | Oct 1, 2019
News Release: The Federal Reserve Board on Tuesday announced its approval of the application by Absa Bank Limited, Johannesburg, South Africa, to establish a representative office in New York, New York.
By Fed Newswire | Oct 1, 2019
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent prohibition against Timothy McMillian, former employee of Regions Bank, Birmingham, Alabama, for using confidential customer account information for personal gain.
By Fed Newswire | Sep 27, 2019
News Release: The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have adopted a final rule that increases the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000.
By Fed Newswire | Sep 26, 2019
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent prohibition against Bettie McGuire Shomaker, former employee of Highlands Union Bank, Abingdon, Virginia, for violating lending policies for her own benefit.
By Fed Newswire | Sep 20, 2019
News Release: The Federal Reserve Board has approved an action by the Board of Directors of the Federal Reserve Bank of Philadelphia decreasing the discount rate (the primary credit rate) at the Bank from 2‑3/4 percent to 2-1/2 percent, effective immediately.
By Fed Newswire | Sep 19, 2019
News Release: The Federal Reserve Board has approved actions on Thursday by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Cleveland, Richmond, Atlanta, St. Louis, and Kansas City, decreasing the discount rate (the primary credit rate) at the Banks from 2‑3/4 percent to 2-1/2 percent, effective immediately.
By Fed Newswire | Sep 19, 2019
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Optimumbank Holdings, Inc., Ft. Lauderdale, Florida Written Agreement, dated June 22, 2010 Terminated Sept. 11, 2019 Additional enforcement actions can be searched for here.
By Fed Newswire | Sep 18, 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 September 17-18 meeting.
By Fed Newswire | Sep 18, 2019
News Release: Information received since the Federal Open Market Committee met in July 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 | Sep 11, 2019
News Release: The Federal Reserve Board on Wednesday announced its approval of the application under section 9 of the Federal Reserve Act by Vista Bank, Ralls, Texas, to establish a branch at 5840 West Northwest Highway, Dallas, Texas.
