By Fed Newswire | Apr 2, 2018
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a final rule that increases the threshold for commercial real estate transactions requiring an appraisal from $250,000 to $500,000.
By Fed Newswire | Mar 29, 2018
News Release: The Federal Reserve announced today that work will begin this month on a new study that will measure fraud and associated costs in the U.S. payments system and identify the causes and contributing factors to fraud. The study is part of the Federal Reserve's ongoing effort to improve and support payment security throughout the industry, as outlined in the Federal Reserve Next Steps in the Payment Improvement Journey paper released last year.
By Fed Newswire | Mar 26, 2018
News Release: The Federal Reserve Board on Monday announced that it is seeking to permanently bar Nathaniel Frazier and Jeffrey Garrison, former employees of Regions Bank, Birmingham, Alabama, from employment in the banking industry and to impose a fine of $18,936 against Frazier and $9,468 against Garrison.
By Fed Newswire | Mar 23, 2018
News Release: The Federal Reserve System on Friday released the 2017 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks and the Board of Governors. An independent public accounting firm engaged by the Board has issued unqualified opinions on the financial statements and on the Board's and the Bank's internal controls over financial reporting.
By Fed Newswire | Mar 22, 2018
News Release: The Federal Reserve Board has approved actions on Thursday by the Boards of Directors of the Federal Reserve Banks of Chicago and Minneapolis, increasing the discount rate (the primary credit rate) at the Banks from 2 percent to 2-1/4 percent, effective immediately.
By Fed Newswire | Mar 22, 2018
News Release: The Federal Reserve Board on Thursday announced that it is seeking to permanently bar Raysol Villalobos (a/k/a Ray Galvan), a former employee of Frost Bank, San Antonio, Texas, from employment in the banking industry and to impose a $9,819 fine on him and require him to pay $35,000 in restitution to Frost Bank.
By Fed Newswire | Mar 21, 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 March 20-21 meeting.
By Fed Newswire | Mar 21, 2018
News Release: Information received since the Federal Open Market Committee met in January 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 in recent months, and the unemployment rate has stayed low. Recent data suggest ...
By Fed Newswire | Mar 20, 2018
News Release: The Federal Reserve Board on Tuesday announced its approval of the application under section 10(e) of the Home Owners' Loan Act by The Charles Schwab Corporation, San Francisco, California, to acquire Charles Schwab Trust Bank, Henderson, Nevada.
By Fed Newswire | Mar 13, 2018
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Industrial and Commercial Bank of China Ltd., Beijing, People's Republic of China and Industrial and Commercial Bank of China Ltd., New York Branch, New York, New York Cease and Desist Order dated March 12, 2018 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Mar 9, 2018
News Release: The Federal Reserve Board announced on Friday that it will not object to the capital plan resubmitted by Capital One Financial Corporation, as a result of progress in addressing deficiencies in last year's Comprehensive Capital Analysis and Review (CCAR).
By Fed Newswire | Mar 8, 2018
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: The Royal Bank of Scotland Group plc, Edinburgh, Scotland, The Royal Bank of Scotland plc, Edinburgh, Scotland, The Royal Bank of Scotland N.V., Amsterdam, The Netherlands, The Royal Bank of Scotland ...
By Fed Newswire | Mar 6, 2018
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Trinity Capital Corporation, Los Alamos, New Mexico Written Agreement dated Sept. 26, 2013 Terminated Feb. 27, 2018 The enforcement action from September 2013 can be found here and other enforcement actions can be searched for here.
By Fed Newswire | Mar 6, 2018
News Release: The Federal Reserve Board on Tuesday requested comment on amendments to simplify Regulation J (Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers through Fedwire) and to make it conform more closely with Regulation CC (Availability of Funds and Collection of Checks).
By Fed Newswire | Mar 1, 2018
News Release: The Secure Payments Task Force will conclude its efforts in March with a final publication consisting of a collection of educational materials outlining the lifecycles and security profiles of today's primary payment methods, the Federal Reserve announced on Thursday.
By Fed Newswire | Mar 1, 2018
News Release: The Federal Deposit Insurance Corporation and the Federal Reserve Board on Thursday communicated updated expectations for the next resolution plans of two domestic banks, CIT and Citizens Financial Group. The expectations are similar to those communicated to 16 domestic firms in March 2017.
By Fed Newswire | Feb 27, 2018
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from January 22 and Jan. 31, 2018.
By Fed Newswire | Feb 22, 2018
News Release: The Federal Reserve Board on Thursday announced its approval of the proposal under section 3 of the Bank Holding Company Act of 1956 by First Financial Bancorp, Cincinnati, Ohio, to merge with MainSource Financial Group ("MainSource"), and thereby indirectly acquire MainSource's subsidiary bank, MainSource ...
By Fed Newswire | Feb 21, 2018
News Release: The Federal Reserve Board on Wednesday announced its approval of the application under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by IBERIABANK, Lafayette, Louisiana, to acquire Gibraltar Private Bank & Trust Company, Coral Gables, Florida, and to establish branches at the locations of the main office and branches of Gibraltar.
By Fed Newswire | Feb 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 January 30-31, 2018.
