By Fed Newswire | Jan 17, 2018
News Release: The Federal Reserve Board on Wednesday announced a $29 million penalty against the U.S. operations of Mega International Commercial Bank Co., Ltd., of Taipei, Taiwan, for anti-money laundering violations and required the firm to improve its anti-money laundering oversight and controls.
By Fed Newswire | Jan 16, 2018
News Release: The Federal Reserve Board on Tuesday announced its approval of the application under section 18(c) of the Federal Deposit Insurance Act by Huron Community Bank, East Tawas, Michigan, to acquire certain assets and assume certain liabilities of a branch of First Federal of Northern Michigan, Alpena, Michigan.
By Fed Newswire | Jan 12, 2018
News Release: The Federal Reserve Board on Friday announced the execution of the enforcement action listed below: Goldman Sachs Bank USA (PDF), New York, New York Order of Assessment of a Civil Money Penalty, dated Jan. 12, 2018 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jan 12, 2018
News Release: The Federal Reserve Board on Friday announced that it has finalized a rule adjusting the Board's maximum civil money penalties, as required by law.
By Fed Newswire | Jan 11, 2018
News Release: The Federal Reserve Board on Thursday added three new tools to its web site to provide interactive access to data from the Board's Financial Accounts of the United States (Z.1) release, which tracks the aggregate wealth of U.S. households and other economic sectors.
By Fed Newswire | Jan 11, 2018
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: American Express Company, New York, New York and American Express Travel Related Services Company, Inc., New York, New York Consent Order dated Oct. 1, 2012 Terminated January 8, 2018 Liberty Bank, ...
By Fed Newswire | Jan 10, 2018
News Release: The Federal Reserve Board on Wednesday announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2018.
By Fed Newswire | Jan 10, 2018
News Release: The Federal Reserve Board on Wednesday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $80.2 billion of their estimated 2017 net income to the U.S. Treasury. The 2017 audited Reserve Bank financial statements are expected to be published in March and may include adjustments to these preliminary unaudited results.
By Fed Newswire | Jan 9, 2018
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from December 4 and Dec. 13, 2017.
By Fed Newswire | Jan 4, 2018
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: AmBank Holdings, Inc., Davenport, Iowa Written Agreement dated Feb. 2, 2012 Terminated Dec. 27, 2017 The enforcement action from February 2012 can be found here and other enforcement actions can be searched for here.
By Fed Newswire | Jan 4, 2018
News Release: The Federal Reserve Board on Thursday requested comment on proposed guidance that would clarify the Board's supervisory expectations related to risk management for large financial institutions.
By Fed Newswire | Jan 3, 2018
News Release: The Federal Reserve Board on Wednesday announced its approval of the application by Deutsche Pfandbriefbank AG, Unterschleissheim, Germany, to establish a representative office in New York, New York.
By Fed Newswire | Jan 3, 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 December 12-13, 2017. 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 | Dec 21, 2017
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: First Baird Bancshares, Inc., Weatherford, Texas, Cease and Desist Order dated June 22, 2006 Terminated Dec. 15, 2017 The enforcement action from June 2006 can be found here and other enforcement actions can be searched for here.
By Fed Newswire | Dec 21, 2017
News Release: To adjust for inflation and changes in average loan size, the federal banking agencies on Thursday announced that, effective Jan. 1, 2018, the aggregate loan commitment threshold for inclusion in the Shared National Credit (SNC) program will increase from $20 million to $100 million. This change will reduce reporting burden for a substantial number of banking institutions, with no material impact on the size of the portfolio evaluated.
By Fed Newswire | Dec 21, 2017
News Release: Kansas City, Missouri, Dec. 21, 2017 -- Growth in the number of credit card payments rose sharply from 2015 to 2016--eclipsing growth for other card types, according to new payments data collected by the Federal Reserve. A notable increase was also seen last year in the number of card payments made remotely versus in person.
By Fed Newswire | Dec 21, 2017
News Release: WASHINGTON--The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations.
By Fed Newswire | Dec 19, 2017
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Société Générale S.A. (PDF), Paris, France, and Société Générale New York Branch, New York, New York Cease and Desist Order dated Dec. 14, 2017 The Federal Reserve Board also announced the termination ...
By Fed Newswire | Dec 19, 2017
News Release: Reflecting the significant progress made in recent years, the Federal Deposit Insurance Corporation and the Federal Reserve Board on Tuesday announced that the resolution plans of the eight largest and most complex domestic banking organizations did not have "deficiencies," which are weaknesses severe enough to trigger a resubmission process that could result in more stringent requirements.
By Fed Newswire | Dec 18, 2017
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 Commercial Bancgroup, Inc., and its parent companies, Robertson Holding Company, L.P., and Unified Shares, LLC, all of Harrogate, Tennessee, to acquire Citizens Bancorp, ...
