By Fed Newswire | Jul 10, 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 June 18-19, 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 | Jul 9, 2019
News Release: Synthetic identity payments fraud is a fast-growing but little-understood problem that affects individuals, financial institutions, government agencies, and private industry. The severity of this type of fraud is documented in a new white paper (PDF) released today by the Federal Reserve System.
By Fed Newswire | Jul 9, 2019
News Release: Five federal financial regulatory agencies announced on Tuesday that they adopted a final rule to exclude community banks from the Volcker Rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.
By Fed Newswire | Jul 9, 2019
News Release: The federal bank regulatory agencies today issued a final rule that reduces regulatory burden by simplifying several requirements in the agencies' regulatory capital rules.
By Fed Newswire | Jul 3, 2019
News Release: The Federal Reserve Board on Wednesday announced that it is seeking individuals to serve on its Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues (IPAC). The IPAC was established by the Economic Growth, Regulatory Relief, and Consumer Protection Act.
By Fed Newswire | Jul 1, 2019
News Release: The Federal Reserve Board on Monday released its annual determination of the aggregate consolidated liabilities of financial companies as required by section 622 of 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 | Jun 27, 2019
News Release: The Federal Reserve Board on Thursday announced its approval of the proposal under section 4 of the Bank Holding Company Act of 1956 by Texas Independent Bancshares, Inc. ("TIB"), Texas City, Texas, to acquire Preferred Bancshares, Inc. ("Preferred") and thereby indirectly acquire Preferred's subsidiary ...
By Fed Newswire | Jun 27, 2019
News Release: The nation's largest banks have strong capital levels and virtually all are now meeting supervisory expectations for capital planning, the Federal Reserve Board on Thursday announced following its annual examination. As a result, the Board is not objecting to the capital plans of all 18 firms but is requiring one firm to address limited weaknesses identified from the test.
By Fed Newswire | Jun 24, 2019
News Release: WASHINGTON, D.C. – The Consumer Financial Protection Bureau and the Federal Reserve Board today jointly published amendments to Regulation CC that implement a statutory requirement to adjust for inflation the amount of funds depository institutions must make available to their customers. The amendments ...
By Fed Newswire | Jun 21, 2019
News Release: The nation's largest and most complex banks have strong capital levels that would allow them to stay well above their minimum requirements after being tested against a severe hypothetical recession, according to the results of supervisory stress tests released Friday by the Federal Reserve Board.
By Fed Newswire | Jun 20, 2019
News Release: The Federal Reserve Board on Thursday announced its approval of the applications under section 9 of the Federal Reserve Act by Frost Bank, San Antonio, Texas, to establish ten branches in Texas.
By Fed Newswire | Jun 19, 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 June 18-19 meeting.
By Fed Newswire | Jun 19, 2019
News Release: Information received since the Federal Open Market Committee met in May indicates that the labor market remains strong and that economic activity is rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although growth of household ...
By Fed Newswire | Jun 17, 2019
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2019 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition.
By Fed Newswire | Jun 17, 2019
News Release: The three federal bank regulatory agencies adopted a final rule to streamline regulatory reporting requirements for small institutions.
By Fed Newswire | Jun 14, 2019
News Release: The Federal Reserve Board on Friday requested public comment on technical, clarifying updates regarding its Freedom of Information Act (FOIA) procedures and changes to improve the efficiency of its rules governing the disclosure of confidential supervisory information (CSI).
By Fed Newswire | Jun 13, 2019
News Release: The Federal Reserve Board on Thursday published, "Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act," a summary of feedback received from bankers and community groups during a series of 29 roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act (CRA).
By Fed Newswire | Jun 10, 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 Ameris Bancorp, Moultrie, Georgia, to merge with Fidelity Southern Corporation ("FSC") and thereby indirectly acquire FSC's subsidiary state nonmember bank, Fidelity Bank, both of Atlanta, Georgia.
By Fed Newswire | Jun 6, 2019
News Release: The Federal Reserve Board on Thursday announced the termination of an enforcement action against JPMorgan Chase & Co. from January 2013.
By Fed Newswire | Jun 6, 2019
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent cease and desist order against Youlei Tang, former employee of Goldman Sachs & Co., New York, New York, for mishandling confidential supervisory information and proprietary information.
