By Fed Newswire | Jul 12, 2018
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: United Bank Limited, Karachi, Pakistan and United Bank Limited, New York Branch, New York, New York Written Agreement dated July 2, 2018.
By Fed Newswire | Jul 10, 2018
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from June 4 and June 13, 2018.
By Fed Newswire | Jul 9, 2018
News Release: The Federal Reserve Board on Monday announced its approval of the application by Lloyds Bank Corporate Markets plc, London, England, to establish a branch in New York, New York.
By Fed Newswire | Jul 9, 2018
News Release: WASHINGTON--The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday released the public portions of four foreign banking organizations' resolution plans, which are required by the Dodd-Frank Act and commonly known as living wills.
By Fed Newswire | Jul 6, 2018
News Release: WASHINGTON--Federal banking agencies today issued a statement detailing rules and associated reporting requirements that are immediately affected by the enactment of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).
By Fed Newswire | Jul 5, 2018
News Release: The Federal Reserve Board on Thursday invited public comment on a proposal to adopt the ISO® 20022 message format for the Fedwire® Funds Service. If approved, the proposed action would replace the Fedwire Funds Service's current, proprietary message format. Potential benefits to the adoption of the ISO ...
By Fed Newswire | Jul 5, 2018
News Release: The Federal Reserve Board and the Federal Open Market Committee on Thursday released the attached minutes of the Committee meeting held on June 12-13, 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 | Jul 3, 2018
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Amboy Bancorporation and Amboy Bank, both of Old Bridge, New Jersey Written Agreement dated June 29, 2009 (PDF) Terminated June 29, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Jul 2, 2018
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation on Monday announced that they have extended the next resolution plan filing deadline for 14 domestic firms by one year to Dec. 31, 2019, to allow additional time for the agencies to provide feedback to the firms on their last submissions and for the firms to produce their next plan submissions.
By Fed Newswire | Jun 29, 2018
News Release: The Federal Reserve Board on Friday released its annual determination of the aggregate consolidated liabilities of financial companies as required by section 622 of the Dodd-Frank Act. The act prohibits a financial company from combining with another company if the resulting company's liabilities would exceed 10 percent of the aggregate consolidated liabilities of all financial companies.
By Fed Newswire | Jun 29, 2018
News Release: The Federal Deposit Insurance Corporation and the Federal Reserve Board on Friday announced they are seeking public comment on revised resolution plan guidance for the eight largest, most complex U.S. banks. Resolution plans, commonly known as living wills, must describe the company's strategy for rapid ...
By Fed Newswire | Jun 28, 2018
News Release: The Federal Reserve Board and the Federal Reserve Bank of Cleveland on Thursday published Browsing to Borrow: "Mom & Pop" Small Business Perspectives on Online Lenders. The report examines small business owners' perceptions of online lenders and their understanding and interpretation of the information that online lenders use to describe their credit products.
By Fed Newswire | Jun 28, 2018
News Release: As part of its annual examination of the capital planning practices of the nation's largest banks, the Federal Reserve Board on Thursday did not object to the capital plans of 34 firms and objected to the capital plan of one firm.
By Fed Newswire | Jun 26, 2018
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below: Consent Order of Prohibition against Vasken Papazian, a former employee of East Cambridge Savings Bank, Cambridge, Massachusetts, for embezzling money from a bank customer.
By Fed Newswire | Jun 25, 2018
News Release: WASHINGTON--The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2018 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition.
By Fed Newswire | Jun 22, 2018
News Release: The Federal Reserve Board on Friday announced the termination of the enforcement action listed below: First South Bancorp, Inc., Spartanburg, South Carolina Written Agreement dated Nov. 23, 2010 Terminated June 19, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Jun 21, 2018
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below: Consent prohibition of Nathaniel Frazier, former Branch Manager of Regions Bank, Birmingham, Alabama, for engaging in improper practices regarding credit origination Consent prohibition of Jeffrey Garrison, ...
By Fed Newswire | Jun 21, 2018
News Release: The nation's largest bank holding companies are strongly capitalized and would be able to lend to households and businesses during a severe global recession, according to the results of supervisory stress tests released Thursday by the Federal Reserve Board.
By Fed Newswire | Jun 15, 2018
News Release: WASHINGTON--The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that they will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the prior year's ratios, which were released on June 21, 2017.
By Fed Newswire | Jun 14, 2018
News Release: The Federal Reserve Board has approved action on Thursday by the Board of Directors of the Federal Reserve Bank of New York, increasing the discount rate (the primary credit rate) at the Bank from 2-1/4 percent to 2-1/2 percent, effective immediately.
