Stories by Fed Newswire on Federal Newswire


Federal Reserve Board welcomes release of global strategy for reducing wholesale payments fraud

News Release: The Federal Reserve Board on Tuesday welcomed the release of a global strategy for reducing wholesale payments fraud and reaffirms its commitment to work collaboratively with domestic and international stakeholders to promote the safety and resiliency of the wholesale payments ecosystem worldwide.


Federal Reserve Board announces approval of final amendments to its Regulation A

News Release: The Federal Reserve Board on Monday announced the approval of final amendments to its Regulation A, which governs extensions of credit by Federal Reserve Banks, to make certain technical adjustments including to reflect the expiration of the Term Asset Backed Securities Loan Facility (TALF) program.


Federal Reserve Board announces approval of application by Independent Bank Group, Inc.

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 Independent Bank Group, Inc., McKinney, Texas, to acquire Integrity Bancshares, Inc. ("Integrity"), and thereby indirectly acquire Integrity's subsidiary bank, Integrity Bank SSB, both of Houston, Texas.


Federal Reserve issues FOMC statement

News Release: Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Recent ...


Federal Reserve Board fines Goldman Sachs Group, Inc., $54.75 million for unsafe and unsound practices in firm's foreign exchange (FX) trading business

News Release: The Federal Reserve Board on Tuesday announced that it has fined The Goldman Sachs Group, Inc., $54.75 million for the firm's unsafe and unsound practices in its foreign exchange (FX) trading business.


Federal Reserve Board issues enforcement action with The Bank of Fayette County

News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: The Bank of Fayette County (PDF), Piperton, Tennessee Order of Assessment of a Civil Money Penalty, dated April 26, 2018 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.


Federal Reserve Board issues enforcement action with Gayle Kendrick and announces termination of enforcement action with Rock Bancshares, Inc. and Heartland Bank

News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent prohibition of Gayle Kendrick, former Branch Team Leader of Regions Bank, Birmingham, Alabama, for engaging in improper practices regarding credit origination The Board also announced the termination ...


Federal Reserve Board announces termination of enforcement action with Brickyard Bancorp, Inc.

News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Brickyard Bancorp, Inc., Lincolnwood, Illinois Written Agreement dated May 22, 2003 Terminated April 18, 2018 The enforcement action from May 2003 can be found here and other enforcement actions can be searched for here.


Federal Reserve Board issues enforcement action with Hua Nan Commercial Bank Limited and Hua Nan Commercial Bank Limited New York Agency

News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Hua Nan Commercial Bank Limited, Taipei City, Taiwan and Hua Nan Commercial Bank Limited New York Agency, New York, New York Cease and Desist Order dated April 19, 2018 For media inquiries, call 202-452-2955.


Minutes of the Board's discount rate meetings from February 26 through March 21, 2018

News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from February 26 through March 21, 2018.


Agencies propose transition of new Current Expected Credit Losses (CECL) accounting standard into regulatory capital framework

News Release: The federal banking agencies today proposed a revision to their regulatory capital rules to address and provide an option to phase in the regulatory capital effects of the new accounting standard for credit losses, known as the "Current Expected Credit Losses" (CECL) methodology.


Federal Reserve Board accepting applications for its Community Advisory Council

News Release: The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board's other advisory councils whose members represent depository institutions--the Federal Advisory Council and the Community Depository Institutions Advisory Council.


Federal Reserve Board announces approval of application by JN Bank Limited

News Release: The Federal Reserve Board on Monday announced its approval of the application by JN Bank Limited, Kingston, Jamaica, to establish a representative office in Tamarac, Florida.


Federal Reserve Board approves proposal to revise regulatory capital rules to address and provide an option to phase in the effects of the new accounting standard for credit losses

News Release: The Federal Reserve Board on Friday announced it had approved a proposal to revise its regulatory capital rules to address and provide an option to phase in the regulatory capital effects of the new accounting standard for credit losses, known as the "Current Expected Credit Losses" (CECL) methodology.


Federal Reserve Board announces termination of enforcement action with Porter Bancorp, Inc.

News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Porter Bancorp, Inc., Louisville, Kentucky Written Agreement dated Sept. 21, 2011 Terminated April 10, 2018 The enforcement action from September 2011 can be found here and other enforcement actions can be searched for here.


Minutes of the Federal Open Market Committee, March 20-21, 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 March 20-21, 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.


Rule proposed to tailor 'enhanced supplementary leverage ratio' requirements

News Release: The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Wednesday proposed a rule that would further tailor leverage ratio requirements to the business activities and risk profiles of the largest domestic firms.


Federal Reserve Board seeks comment on proposal to simplify its capital rules for large banks while preserving strong capital levels that would maintain their ability to lend under stressful conditions

News Release: The Federal Reserve Board on Tuesday asked for comment on a proposal that would simplify its capital rules for large banks while preserving strong capital levels that would maintain their ability to lend to households and businesses under stressful conditions.


Federal Reserve Board announces termination of enforcement action with Turkiye Cumhuriyeti Ziraat Bankasi A.S.

News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Turkiye Cumhuriyeti Ziraat Bankasi A.S.


Federal Reserve Board announces approval of application by Arvest Bank, Arvest Bank Group, Inc., and Arvest Holdings, Inc.

News Release: The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Arvest Bank, Fayetteville, Arkansas and its parent companies, Arvest Bank Group, Inc. and Arvest Holdings, Inc., both of Bentonville, Arkansas, to acquire Bear State ...