By Fed Newswire | Jan 25, 2019
News Release: The Federal Reserve Board on Friday announced the appointment of Stacey M. Tevlin as director of the Division of Research and Statistics, effective February 4. Tevlin, currently an associate director of the division, will succeed David W. Wilcox, who recently retired as director of the division after 30 years of service with the Federal Reserve Board.
By Fed Newswire | Jan 25, 2019
News Release: Federal banking agencies find that risk in the portfolio of large syndicated bank loans has declined, due to improving conditions in most sectors. Despite the improvement, the dollar volume of loans rated below "pass," as a percentage of total loans, remains elevated compared with levels experienced in prior economic cycles, according to the Shared National Credit (SNC) Program Review.
By Fed Newswire | Jan 23, 2019
News Release: The Federal Reserve Board on Wednesday 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 Equity Bank, Andover, Kansas, to acquire certain assets and assume certain liabilities of MidFirst Bank, Oklahoma City, Oklahoma, and to establish and operate three branches.
By Fed Newswire | Jan 22, 2019
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent Order of Prohibition against David Lavine, a former employee of CFG Community Bank, Baltimore, Maryland, for diversion of bank funds for his own benefit.
By Fed Newswire | Jan 18, 2019
News Release: The publication on Friday of the Federal Reserve Board's monthly statistical release on industrial production and capacity utilization marks the 100th anniversary of Board data on industrial production. The index has kept pace with an ever-evolving industrial sector by providing information that spans from the rise of the modern factory through the digital age.
By Fed Newswire | Jan 16, 2019
News Release: The Federal Reserve Board on Wednesday announced Consumer & Community Context, an article series that features original analysis about the financial conditions and experiences of consumers and communities, including traditionally underserved and economically vulnerable households and neighborhoods.
By Fed Newswire | Jan 16, 2019
News Release: The Federal Reserve Board on Wednesday launched an interactive smartphone and tablet application designed to teach elementary school students about the security and design features of Federal Reserve notes. The application complements other material available through the Board's Currency Education Program at www.uscurrency.gov.
By Fed Newswire | Jan 15, 2019
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on December 10 and Dec. 19, 2018.
By Fed Newswire | Jan 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 First Busey Corporation, Champaign, Illinois, to acquire The Banc Ed Corp., and thereby indirectly acquire Ed Corp's subsidiary bank, The Bank of Edwardsville, both of Edwardsville, Illinois.
By Fed Newswire | Jan 11, 2019
News Release: Five federal financial institution regulators and state regulators encourage financial institutions to work with consumers affected by the federal government shutdown.
By Fed Newswire | Jan 10, 2019
News Release: The Federal Reserve Board on Thursday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $65.4 billion of their estimated 2018 net income to the U.S. Treasury. The payments include two lump-sum payments totaling approximately $3.2 billion, necessary ...
By Fed Newswire | Jan 10, 2019
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: A.E. Bancorp, Inc., Buffalo Grove, Illinois Written Agreement dated July 1, 2010 (PDF) Terminated January 9, 2019 Additional enforcement actions can be searched for here.
By Fed Newswire | Jan 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 December 18-19, 2018. 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 | Jan 9, 2019
News Release: The Federal Reserve Board on Wednesday announced the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2019.
By Fed Newswire | Jan 8, 2019
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Commercial State Bank, Andrews, Texas Cease and Desist Order dated Dec. 26, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Jan 8, 2019
News Release: The Federal Reserve Board on Tuesday invited public comment on a proposal that would modify company-run stress testing requirements to conform with the Economic Growth, Regulatory Relief, and Consumer Protection Act.
By Fed Newswire | Dec 28, 2018
News Release: The federal bank regulatory agencies remind banks, savings associations, and Farm Credit System institutions that they can continue to make loans during periods when the National Flood Insurance Program (NFIP) administered by the Federal Emergency Management Agency (FEMA) is unavailable.
By Fed Newswire | Dec 21, 2018
News Release: Five federal financial regulatory agencies on Friday invited public comment on a proposal that would exclude certain community banks from the Volcker rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).
By Fed Newswire | Dec 21, 2018
News Release: The federal banking agencies today issued final rules that adopt without change the interim final rules issued in August that expanded the number of insured depository institutions and U.S. branches and agencies of foreign banks eligible for an 18-month on-site examination cycle, rather than a 12-month cycle.
By Fed Newswire | Dec 21, 2018
News Release: The Federal Reserve Board announced on Friday that it will maintain the current modeling framework for loan allowances in its supervisory stress test through 2021.
