By Fed Newswire | May 2, 2019
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent Order of Prohibition against Christopher O'Connell, former employee of Centennial Bank, Lubbock, Texas, for misappropriation of bank funds.
By Fed Newswire | May 1, 2019
News Release: Information received since the Federal Open Market Committee met in March indicates that the labor market remains strong and that economic activity rose at a solid rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Growth of household spending and ...
By Fed Newswire | Apr 25, 2019
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Sumitomo Mitsui Banking Corporation, Tokyo, Japan Written agreement regarding anti-money laundering compliance dated April 23, 2019 Enforcement actions can be searched for here.
By Fed Newswire | Apr 23, 2019
News Release: The Federal Reserve Board on Tuesday invited public comment on a proposal that would 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 | Apr 18, 2019
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: BB&T Corporation, Winston-Salem, North Carolina Cease and Desist Order dated Jan. 25, 2017 (PDF) Terminated April 17, 2019 Additional enforcement actions can be searched for here.
By Fed Newswire | Apr 18, 2019
News Release: The federal bank regulatory agencies on Thursday requested comment on a proposal to modify a capital requirement for U.S. banking organizations predominantly engaged in custodial activities, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).
By Fed Newswire | Apr 16, 2019
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from February 25 through March 20, 2019.
By Fed Newswire | Apr 16, 2019
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Princeton Capital Holdings LLC, Princeton Capital LLC, and Princap Holdings One LLC, all of Ewing, New Jersey Written Agreement dated April 4, 2019 Enforcement actions can be searched for here.
By Fed Newswire | Apr 16, 2019
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation on Tuesday invited public comment on a proposal modifying their resolution plan requirements for large banking firms. The proposal would keep existing resolution plan expectations in place for the largest firms, while reducing requirements for smaller firms that pose less risk.
By Fed Newswire | Apr 15, 2019
News Release: The Federal Reserve Board on Monday announced it has fined UniCredit, S.p.A., a foreign bank operating in the United States and headquartered in Italy, and two of its subsidiaries $158 million for the firm's unsafe and unsound practices related to inadequate sanctions controls and supervision of its subsidiary banks.
By Fed Newswire | Apr 12, 2019
News Release: The Federal Reserve Board on Friday published transcripts of more than 50 interviews with former policymakers and former senior staff that chronicle nearly half a century of Federal Reserve history.
By Fed Newswire | Apr 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 March 19-20, 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 | Apr 9, 2019
News Release: The Federal Reserve Board on Tuesday announced it has fined Standard Chartered plc and Standard Chartered Bank, of London, England, $164 million for the firm's unsafe and unsound practices relating to inadequate sanctions controls and failure to disclose sanctions risks to the Federal Reserve.
By Fed Newswire | Apr 8, 2019
News Release: The Federal Reserve Board announced on Monday 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 8, 2019
News Release: The Federal Reserve Board on Monday invited public comment on a regulatory framework that would more closely match the rules for foreign banks with the risks they pose to the U.S. financial system. The changes would maintain the most stringent requirements for firms with the most risk, while reducing compliance requirements for firms with less risk.
By Fed Newswire | Apr 3, 2019
News Release: The Federal Reserve Board on Wednesday published a final rule implementing policy changes to procedures governing the provision of intraday credit to U.S. branches and agencies of foreign banking organizations (FBOs). The changes are intended to refine the methods for determining the level of intraday credit that these branches and agencies can receive from the Federal Reserve Banks.
By Fed Newswire | Apr 2, 2019
News Release: The federal banking agencies on Tuesday proposed a rule to limit the interconnectedness of large banking organizations and reduce the impact from failure of the largest banking organizations. The proposal would complement other measures that the banking agencies have taken to limit interconnectedness among large banking organizations.
By Fed Newswire | Mar 29, 2019
News Release: The Federal Reserve Board on Friday announced the appointment of Patrick J. McClanahan as chief operating officer (COO), effective April 29.
By Fed Newswire | Mar 29, 2019
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation on Friday announced that they completed their evaluation of the 2017 resolution plans for 14 domestic banking organizations and issued their expectations for the firms' next resolution plan submissions, which are due on or before Dec. 31, 2019.
By Fed Newswire | Mar 28, 2019
News Release: The Federal Reserve Board on Thursday released a document providing additional information on its stress testing program. The release of the document follows an announcement in February that the Board had finalized changes intended to increase the transparency of its stress tests without compromising their ability to test the resiliency of the nation's largest banks.
