By Fed Newswire | Mar 25, 2019
News Release: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of flooding in the Midwest on the ...
By Fed Newswire | Mar 22, 2019
News Release: The Federal Reserve System on Friday released the 2018 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks and the Board of Governors. An independent public accounting firm engaged by the Board has issued unqualified ...
By Fed Newswire | Mar 22, 2019
News Release: The Federal Reserve Board on Friday announced its approval of the proposals under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by First Interstate Bank, Billings, Montana, to merge with Idaho Independent Bank, Coeur d'Alene, Idaho, and to establish and operate branches at the locations of the main office and branches of Idaho Independent Bank.
By Fed Newswire | Mar 21, 2019
News Release: The Federal Reserve Board on Thursday published a report on debit card transactions in 2017, including information on volume and value, interchange fee revenue, certain issuer costs, and fraud losses. The report is the fifth in a series published every two years pursuant to section 920 of the Electronic Fund Transfer Act (EFTA).
By Fed Newswire | Mar 21, 2019
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Commercial State Bank, Andrews, Texas Cease and Desist Order, dated Dec. 26, 2018 Terminated March 18, 2019 Additional enforcement actions can be searched for here.
By Fed Newswire | Mar 20, 2019
News Release: In light of its discussions at previous meetings and the progress in normalizing the size of the Federal Reserve's securities holdings and the level of reserves in the banking system, all participants agreed that it is appropriate at this time for the Committee to provide additional information regarding ...
By Fed Newswire | Mar 20, 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 March 19-20 meeting.
By Fed Newswire | Mar 20, 2019
News Release: Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth quarter. Payroll employment was little changed in February, but job gains have been solid, on average, ...
By Fed Newswire | Mar 19, 2019
News Release: I'm deeply saddened by the death of Alan Krueger of Princeton University, whom I have known since graduate school more than 30 years ago. As an economist, he inspired his colleagues by combining a zeal for academic rigor with a passion for public service. Alan made a difference and inspired everyone ...
By Fed Newswire | Mar 18, 2019
News Release: The Federal Reserve today announced the members of its Fraud Definitions Work Group , the latest initiative to advance the Federal Reserve's strategy for improving the U.S. payment system. Over the next year, these 22 payments industry leaders and subject matter specialists will work collaboratively ...
By Fed Newswire | Mar 15, 2019
News Release: Five federal agencies today acted to ensure that qualifying swaps may be transferred from a United Kingdom (UK) entity to an affiliate in the European Union (EU) or the United States without triggering new margin requirements. The action is in response to the possibility of a non-negotiated withdrawal ...
By Fed Newswire | Mar 14, 2019
News Release: Beginning this month, financial institutions and payments organizations will receive invitations to participate in the seventh triennial Federal Reserve Payments Study, the Federal Reserve announced today. Based on survey data provided by participants, past reports from the studies have documented substantial ...
By Fed Newswire | Mar 14, 2019
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Thursday announced that they will jointly hold two public meetings on the proposed merger of BB&T Corporation, Winston-Salem, North Carolina, with SunTrust Banks, Inc., Atlanta, Georgia. As part of the proposal, BB&T would merge SunTrust Bank with and into its subsidiary state non-member bank, Branch Banking and Trust Company, Winston-Salem, North Carolina.
By Fed Newswire | Mar 12, 2019
News Release: The Federal Reserve Board on Tuesday announced that it is prohibiting Tim Leissner and Ng Chong Hwa, also known as Roger Ng, from the banking industry for their participation in a scheme to illegally divert billions of dollars from a Malaysian sovereign wealth fund. Leissner was also fined $1.42 million and consented to the permanent ban.
By Fed Newswire | Mar 11, 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 CenterState Bank Corporation, Winter Haven, Florida, to merge with National Commerce Corporation ("Commerce") and thereby indirectly acquire Commerce's subsidiary national bank, National Bank of Commerce, both of Birmingham, Alabama.
By Fed Newswire | Mar 6, 2019
News Release: The Federal Reserve Board on Wednesday announced its approval of the proposals by: 1. Fifth Third Bancorp, Cincinnati, Ohio, to acquire MB Financial, Inc., and thereby indirectly acquire MB Financial's subsidiary bank, MB Financial Bank, N.A., both of Chicago, Illinois, pursuant to section 3 of the Bank ...
By Fed Newswire | Mar 6, 2019
News Release: The Federal Reserve Board announced on Wednesday it has voted to affirm the Countercyclical Capital Buffer (CCyB) at the current level of 0 percent. In making this determination, the Board followed the framework detailed in the Board's policy statement for setting the CCyB for private-sector credit exposures located in the United States.
By Fed Newswire | Mar 6, 2019
News Release: The Federal Reserve Board on Wednesday announced that it will limit the use of the "qualitative objection" in its Comprehensive Capital Analysis and Review (CCAR) exercise, effective for the 2019 cycle. The changes eliminate the qualitative objection for most firms due to the improvements in capital planning made by the largest firms.
By Fed Newswire | Mar 6, 2019
News Release: The Federal Reserve Board on Wednesday invited public comment on whether it should propose amendments to its Regulation D (Reserve Requirements of Depository Institutions) to lower the rate of interest paid on excess balances ("IOER") maintained at Reserve Banks by eligible institutions that hold a very large proportion of their assets in the form of balances at Reserve Banks.
By Fed Newswire | Mar 5, 2019
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Cogent Bancorporation, Inc., f/k/a Pinnacle Bank Holding Company, Inc., Orange City, Florida Written Agreement dated Aug. 29, 2011 (PDF) Terminated March 1, 2019 Additional enforcement actions can be searched for here.
