By Fed Newswire | Jun 14, 2018
News Release: The Federal Reserve Board on Thursday approved a rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability. As demonstrated during the financial crisis, excessive exposure between the largest financial institutions spread contagion and eroded confidence in these institutions.
By Fed Newswire | Jun 13, 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 Ameris Bancorp, Moultrie, Georgia, to acquire Hamilton State Bancshares, Inc. ("Hamilton"), and thereby indirectly acquire Hamilton's subsidiary bank, Hamilton State Bank, both of Hoschton, Georgia.
By Fed Newswire | Jun 13, 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 June 12-13 meeting.
By Fed Newswire | Jun 13, 2018
News Release: Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data ...
By Fed Newswire | Jun 12, 2018
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent prohibition of Ashley Burrus, former Financial Services Specialist of Regions Bank, Birmingham, Alabama, for engaging in improper practices regarding credit origination.
By Fed Newswire | Jun 7, 2018
News Release: Results from the latest supervisory stress tests conducted as part of the Dodd-Frank Act will be released on Thursday, June 21, and the results from the related Comprehensive Capital Analysis and Review (CCAR) will be released on Thursday, June 28, the Federal Reserve Board announced on Thursday. Results for both exercises will be released at 4:30 p.m. EDT.
By Fed Newswire | Jun 6, 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 TriCo Bancshares, Chico, California, to merge with FNB Bancorp and thereby indirectly acquire FNB Bancorp's subsidiary bank, First National Bank of Northern California, both of South San Francisco, California.
By Fed Newswire | Jun 5, 2018
News Release: Five federal financial regulatory agencies on Tuesday announced that they are jointly asking for public comment on a proposal that would simplify and tailor compliance requirements relating to the "Volcker rule." By statute, the Volcker rule generally restricts banking entities from engaging in prohibited proprietary trading and from owning or controlling hedge funds or private equity funds.
By Fed Newswire | May 30, 2018
News Release: The Federal Reserve Board on Wednesday asked for comment on a proposed rule to simplify and tailor compliance requirements relating to the "Volcker rule." By statute, the Volcker rule generally prohibits banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds.
By Fed Newswire | May 29, 2018
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from April 23 and May 2, 2018.
By Fed Newswire | May 25, 2018
News Release: The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2019: January 29-30 (Tuesday-Wednesday) March 19-20 (Tuesday-Wednesday) April 30-May 1 (Tuesday-Wednesday) June 18-19 (Tuesday-Wednesday) July 30-31 (Tuesday-Wednesday) September 17-18 (Tuesday-Wednesday) October ...
By Fed Newswire | May 23, 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 May 1-2, 2018.
By Fed Newswire | May 22, 2018
News Release: The Federal Reserve Board's latest Report on the Economic Well-Being of U.S. Households finds that economic well-being has generally improved over the past five years. The report notes that 74 percent of adults reported they were doing at least OK financially in 2017‑‑up 10 percentage points from the ...
By Fed Newswire | May 22, 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 | May 18, 2018
News Release: The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Friday extended until June 25, 2018, the comment period for their proposed rule that would tailor leverage ratio requirements to the business activities and risk profiles of the largest domestic firms.
By Fed Newswire | May 17, 2018
News Release: On May 17, 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 | May 17, 2018
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Regions Bank, Birmingham, Alabama Cease and Desist Order dated June 25, 2014 (PDF) Terminated May 14, 2018 Other enforcement actions can be searched for here.
By Fed Newswire | May 15, 2018
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Barclays Bank plc, London, England and Barclays Bank plc, New York Branch, New York, New York Cease and Desist Order dated Aug. 16, 2010 (PDF) Terminated May 11, 2018 Oklahoma Capital Bank (formerly ...
By Fed Newswire | May 10, 2018
News Release: The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in May. These operations are aimed at ensuring the operational readiness of the TDF and providing eligible institutions with an opportunity to maintain familiarity with ...
By Fed Newswire | May 9, 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 Ameris Bancorp, Moultrie, Georgia, to acquire Atlantic Coast Financial Corporation ("Atlantic") and thereby indirectly acquire Atlantic's subsidiary bank, Atlantic Coast Bank, both of Jacksonville, Florida.
