By Fed Newswire | Oct 30, 2018
News Release: Three federal banking agencies on Tuesday invited public comment on a proposal to update their standards for how firms measure counterparty credit risk posed by derivative contracts under the agencies' regulatory capital rules. The proposed changes are designed to better reflect the current derivatives market and incorporate risks observed during the 2007-2008 financial crisis.
By Fed Newswire | Oct 29, 2018
News Release: The Federal Reserve Board on Monday announced its approval of the application by Joint Stock Commercial Bank for Foreign Trade of Vietnam, Hanoi, Vietnam, to establish a representative office in New York, New York.
By Fed Newswire | Oct 25, 2018
News Release: The Federal Reserve Board on Thursday announced six new members of its Community Advisory Council (CAC). The new members will serve three-year terms beginning in 2019.
By Fed Newswire | Oct 25, 2018
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: AllNations Bank, Calumet, Oklahoma Written Agreement dated Oct. 22, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Oct 25, 2018
News Release: The Federal Reserve Board on Thursday announced the annual indexing of two amounts used in determining reserve requirements of depository institutions. These amounts are the reserve requirement exemption amount and the low reserve tranche.
By Fed Newswire | Oct 23, 2018
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from August 27 through Sept. 26, 2018.
By Fed Newswire | Oct 23, 2018
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent prohibition of Joel Shumate, former Senior Vice President of First Iowa State Bank, Keosauqua, Iowa, for engaging in improper practices regarding credit origination.
By Fed Newswire | Oct 17, 2018
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 25-26, 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 | Oct 17, 2018
News Release: The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Old National Bancorp, Evansville, Indiana, to acquire Klein Financial, Inc. ("Klein"), and thereby indirectly acquire Klein's subsidiary bank, KleinBank, both of Chaska, Minnesota.
By Fed Newswire | Oct 16, 2018
News Release: The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015--outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data. The study's survey of depository institutions found that the value of noncash payments ...
By Fed Newswire | Oct 16, 2018
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: The Royal Bank of Scotland Group, PLC, Edinburgh, Scotland and The Royal Bank of Scotland PLC, Edinburgh, Scotland Cease and Desist Order dated Dec. 11, 2013 (PDF) Terminated Oct. 10, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Oct 15, 2018
News Release: Federal Reserve Board Chairman Jerome H. Powell will host a town hall meeting with educators from across the country on February 6, 2019. The educators will join the Chairman at 7 p.m. EST in the Board Room of the Board's main building in Washington, D.C., and participate via webcast from Federal Reserve Bank offices throughout the country. The Chairman will respond to questions from both the in-person audience and participants at the Reserve Bank offices.
By Fed Newswire | Oct 12, 2018
News Release: The Federal Reserve Board on Friday announced its approval of the applications, under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act, by Security Trust & Savings Bank, Storm Lake, Iowa, to acquire substantially all of the assets and assume substantially all ...
By Fed Newswire | Oct 10, 2018
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 recognize the serious impact of Hurricane Michael on the customers, members, and operations ...
By Fed Newswire | Oct 3, 2018
News Release: The Federal Reserve Board on Wednesday invited public comment on actions the Federal Reserve could take to support faster payments in the United States. The potential actions, which would facilitate real-time interbank settlement of faster payments, build on collaborative work with the payment industry through the Federal Reserve System's Strategies for Improving the U.S. Payment System (SIPS) initiative.
By Fed Newswire | Oct 3, 2018
News Release: WASHINGTON--The federal depository institutions regulators and the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) today issued a statement to address instances in which certain banks and credit unions may decide to enter into collaborative arrangements to share resources ...
By Fed Newswire | Oct 1, 2018
News Release: The Federal Reserve Board on Monday announced its approval of the application by Abanca Corporación Bancaria, S.A., Betanzos, La Coruña, Spain, to establish a state-licensed branch in Miami, Florida.
By Fed Newswire | Sep 27, 2018
News Release: The Federal Reserve Board has approved actions on Thursday by the Boards of Directors of the Federal Reserve Banks of New York and Minneapolis, increasing the discount rate (the primary credit rate) at the Banks from 2-1/2 percent to 2-3/4 percent, effective immediately.
By Fed Newswire | Sep 27, 2018
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Presidential Holdings, Inc., Bethesda, Maryland Supervisory Agreement, issued by the Office of Thrift Supervision, dated May 3, 2010 (PDF) Terminated Sept. 25, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Sep 26, 2018
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 25-26 meeting.
