By Fed Newswire | Sep 26, 2018
News Release: Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Household ...
By Fed Newswire | Sep 25, 2018
News Release: The Federal Reserve Board on Tuesday announced its approval of the application under section 9 of the Federal Reserve Act by Compass Bank, Birmingham, Alabama, to establish a branch in Houston, Texas.
By Fed Newswire | Sep 21, 2018
News Release: The Federal Reserve Board on Friday requested public comment on a proposal to amend Regulation H (Membership of State Banking Institutions in the Federal Reserve System) and Regulation K (International Banking Operations) to repeal provisions that incorporate the Secure and Fair Enforcement for Mortgage ...
By Fed Newswire | Sep 21, 2018
News Release: WASHINGTON--Five federal agencies approved final amendments to swap margin requirements to conform with recent rule changes that impose new restrictions on certain qualified financial contracts of systemically important banking organizations (QFC Rules). Under the amendments, legacy swaps entered into before the applicable compliance date will not become subject to the margin requirements if they are amended solely to comply with the requirements of the QFC Rules.
By Fed Newswire | Sep 18, 2018
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Beach Community Bancshares, Inc., Fort Walton Beach, Florida Written Agreement dated June 1, 2010 Terminated Sept. 14, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Sep 18, 2018
News Release: Three federal banking agencies on Tuesday invited public comment on a proposal to modify the agencies' capital rules for high volatility commercial real estate exposures, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act.
By Fed Newswire | Sep 17, 2018
News Release: Richard H. Clarida took the oath of office on Monday as a member of the Board of Governors of the Federal Reserve System and as Vice Chairman. The oath of office was administered by Chairman Jerome H. Powell in the Board Room.
By Fed Newswire | Sep 14, 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 Florence on the customers, members, and operations ...
By Fed Newswire | Sep 12, 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 HarborOne Mutual Bancshares and HarborOne Bancorp, Inc., both of Brockton, Massachusetts, to acquire Coastway Bancorp, Inc. ("Coastway"), and thereby indirectly acquire Coastway's subsidiary bank, Coastway Community Bank, both of Warwick, Rhode Island.
By Fed Newswire | Sep 12, 2018
News Release: The Federal Reserve Board on Wednesday approved final amendments to the liability provisions of Regulation CC, which governs availability of funds and collection of checks. These amendments continue the Board's efforts to update Regulation CC to reflect the evolution of the nation's check collection system from one that is largely paper-based to one that is virtually all electronic.
By Fed Newswire | Sep 11, 2018
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Higher One, Inc., New Haven, Connecticut Cease and Desist Order dated Dec. 23, 2015 (PDF) Terminated Sept. 10, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Sep 11, 2018
News Release: WASHINGTON--Five federal agencies today issued a joint statement explaining the role of supervisory guidance for regulated institutions.
By Fed Newswire | Sep 7, 2018
News Release: The Federal Reserve Board on Friday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2019.
By Fed Newswire | Sep 4, 2018
News Release: The Federal Reserve Board on Tuesday announced its approval of the application by Origin Bank, Choudrant, Louisiana, to establish a branch in Houston, Texas.
By Fed Newswire | Sep 4, 2018
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: OSB Community Bank, Brooklyn, Michigan Written Agreement dated July 30, 2015 Terminated Aug. 30, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Sep 4, 2018
News Release: Five federal financial regulatory agencies on Tuesday extended until Oct. 17, 2018, the comment period for a proposed rule to simplify and tailor compliance requirements for the "Volcker rule." The Volcker rule generally restricts banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds.
By Fed Newswire | Aug 30, 2018
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: The Bank of New York Mellon (PDF), New York, New York Flood Insurance Consent Civil Money Penalty Dated Aug. 28, 2018 The Board on Thursday also announced the termination of the enforcement action ...
By Fed Newswire | Aug 30, 2018
News Release: The Federal Reserve Board and the FDIC on Thursday announced that they have extended the next resolution plan filing deadline for a designated nonbank to Dec. 31, 2019, and the deadline for four foreign banking organizations (FBOs) to July 1, 2020. The extensions will allow additional time for the agencies to provide feedback to the firms on their last submissions and for the firms to produce their next plans.
By Fed Newswire | Aug 28, 2018
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from July 9 through Aug. 1, 2018.
By Fed Newswire | Aug 28, 2018
News Release: The Federal Reserve Board on Tuesday issued an interim final rule expanding the applicability of the Board's small bank holding company policy statement, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018.
