By Fed Newswire | Aug 23, 2018
News Release: The Federal Reserve Board on Aug. 23, 2018, announced it will host Exploring Careers in Economics, a live event for high school and college students, beginning at 10:30 a.m. on Oct. 19, 2018. Organized to broaden awareness of careers in economics and to further develop a diverse pool of talent interested ...
By Fed Newswire | Aug 23, 2018
News Release: On Aug. 23, 2018, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point.
By Fed Newswire | Aug 23, 2018
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Covenant Bancgroup, Inc., Leeds, Alabama Written Agreement dated Dec. 28, 2015 Terminated August 7, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Aug 23, 2018
News Release: WASHINGTON--Federal banking agencies today issued interim final rules to expand the number of insured depository institutions and U.S. branches and agencies of foreign banks eligible for an 18-month on-site examination cycle.
By Fed Newswire | Aug 22, 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 July 31-Aug. 1, 2018.
By Fed Newswire | Aug 22, 2018
News Release: WASHINGTON--Three federal banking agencies today issued an interim final rule amending the agencies' liquidity rules to treat certain eligible municipal securities as high-quality liquid assets, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 (EGRRCPA).
By Fed Newswire | Aug 20, 2018
News Release: David W. Wilcox, director of the Division of Research and Statistics, will retire at the end of this year after 30 years of service with the Federal Reserve Board, including seven years as the director of the division.
By Fed Newswire | Aug 17, 2018
News Release: The Federal Reserve Board on Friday announced it is prohibiting Jacob H. Goldstein, a former president and CEO of NBRS Financial, Rising Sun, Maryland from participating in the banking industry.
By Fed Newswire | Aug 16, 2018
News Release: The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in August. These operations are aimed at ensuring the operational readiness of the TDF and providing eligible institutions with an opportunity to maintain familiarity with term deposit procedures. The TDF test operations are a matter of prudent planning and have no implications for the near-term conduct of monetary policy.
By Fed Newswire | Aug 16, 2018
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Flagstar Bancorp, Inc., Troy, Michigan Supervisory Agreement, issued by the Office of Thrift Supervision dated Jan. 27, 2010 (PDF) Terminated Aug. 14, 2018 Santander Holdings USA, Inc., Boston, Massachusetts Written Agreement dated July 2, 2015 (PDF) Terminated Aug. 14, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Aug 14, 2018
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: HSBC North America Holdings, Inc., New York, New York Cease and Desist Order dated October 4, 2010 (PDF) Terminated August 7, 2018 Capital Funding Bancorp, Inc. and CFG Community Bank, both of Baltimore, ...
By Fed Newswire | Aug 10, 2018
News Release: The Federal Reserve Board on Friday announced an $8.6 million fine against Citigroup for the improper execution of residential mortgage-related documents.
By Fed Newswire | Aug 3, 2018
News Release: The Federal Reserve Board on Friday announced its approval of the application by Nordea Bank Abp, Helsinki, Finland, to establish a branch in New York, New York.
By Fed Newswire | Aug 1, 2018
News Release: Information received since the Federal Open Market Committee met in June 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 | Jul 26, 2018
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Chicago Shore Corporation and Security Chicago Corporation, both of Chicago, Illinois Written Agreement dated Oct. 28, 2016 Terminated July 24, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Jul 26, 2018
News Release: The Federal Reserve Board on Thursday launched the Consumer Compliance Supervision Bulletin--a new publication that will provide bankers and others interested in consumer protection with high-level summaries of pertinent supervisory issues. The Bulletin complements other Federal Reserve System outreach programs for banking organizations, such as the Consumer Compliance Outlook publication and its companion webinar series, Outlook Live.
By Fed Newswire | Jul 26, 2018
News Release: The Federal Reserve Board on Thursday issued a consent order against Community Trust Bank, Inc. of Pikeville, Kentucky, for unfair and deceptive practices, requiring the bank to pay approximately $4.75 million in restitution to approximately 11,000 consumers and make certain consumer compliance enhancements.
By Fed Newswire | Jul 24, 2018
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: East West Bank, Pasadena, California Written Agreement dated November 9, 2015 (PDF) Terminated July 18, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Jul 23, 2018
News Release: Chairman Powell swears in Vice Chairman for Supervision Randal K. Quarles as governor.
By Fed Newswire | Jul 19, 2018
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Community Banks of Georgia, Inc., Jasper, Georgia Written Agreement dated May 24, 2011 (PDF) Terminated July 10, 2018 Grand Mountain Bancshares, Inc., Granby, Colorado Order to Cease and Desist, issued by the Office of Thrift Supervision dated November 9, 2009 (PDF) Terminated June 29, 2018 Additional enforcement actions can be searched for here.
