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 by NATCOM Bancshares, Inc., Superior, Wisconsin, to acquire 49.0 percent of the voting shares of Republic Bancshares, Inc., and thereby indirectly acquire control of Republic Bank, Inc., both of Duluth, Minnesota.
By Fed Newswire | Dec 18, 2017
News Release: The Federal Reserve Board on Monday announced the repeal of one regulation and the revision of a second to reflect the transfer of certain consumer protection rulewriting authority to the Consumer Financial Protection Bureau (CFPB).
By Fed Newswire | Dec 15, 2017
News Release: The Federal Reserve Board on Friday announced that Vice Chairman Randal K. Quarles will recuse himself from participating in matters specific to Wells Fargo & Company. While this action is voluntary and is not legally required, it is being taken to avoid even the potential appearance of a conflict of interest.
By Fed Newswire | Dec 15, 2017
News Release: The Federal Reserve Board on Friday permanently barred Lowell W. McCoy, Angela Asbell, and Jacob Harrison from the banking industry for engaging in separate unsafe and unsound practices.
By Fed Newswire | Dec 14, 2017
News Release: The Federal Reserve Board has approved actions on Thursday by the Boards of Directors of the Federal Reserve Banks of Chicago, St. Louis, and Minneapolis, increasing the discount rate (the primary credit rate) at the Banks from 1-3/4 percent to 2 percent, effective immediately.
By Fed Newswire | Dec 13, 2017
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 December 12-13 meeting.
By Fed Newswire | Dec 13, 2017
News Release: Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate declined ...
By Fed Newswire | Dec 11, 2017
News Release: The Federal Reserve Board on Monday requested public comment on proposed policy changes to procedures governing the provision of intraday credit to U.S. branches and agencies of foreign banking organizations (FBOs). The changes are intended to refine the methods for determining the level of intraday credit that these branches and agencies can receive from the Federal Reserve Banks.
By Fed Newswire | Dec 8, 2017
News Release: The Federal Reserve System today announced the appointment of its payments security strategy leader, Kenneth Montgomery, the first vice president and chief operating officer of the Federal Reserve Bank of Boston. In this role, Montgomery will lead the Federal Reserve's effort to reduce fraud risk and ...
By Fed Newswire | Dec 8, 2017
News Release: The Federal Reserve Board on Friday announced final plans for the production of three new reference rates based on overnight repurchase agreement (repo) transactions secured by Treasury securities. The three reference rates will be produced by the Federal Reserve Bank of New York (FRBNY), in cooperation with the U.S. Office of Financial Research.
By Fed Newswire | Dec 7, 2017
News Release: The federal banking agencies on Thursday announced their support for the conclusion of efforts to reform the international bank capital standards initiated in response to the global financial crisis.
By Fed Newswire | Dec 7, 2017
News Release: The Federal Reserve Board on Thursday requested comment on a package of proposals that would increase the transparency of its stress testing program while maintaining the Federal Reserve's ability to test the resilience of the nation's largest and most complex banks.
By Fed Newswire | Dec 6, 2017
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 CenterState Bank Corporation, Winter Haven, Florida, to merge with HCBF Holding Company, Inc. ("HCBF"), and thereby indirectly acquire HCBF's subsidiary bank, Harbor Community Bank, both of Fort Pierce, Florida.
By Fed Newswire | Dec 5, 2017
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Citizens Commerce Bancshares, Inc., Versailles, Kentucky Written Agreement dated May 28, 2010 Terminated Dec. 1, 2017 The enforcement action from May 2010 can be found here (PDF) and other enforcement actions can be searched for here.
By Fed Newswire | Dec 4, 2017
News Release: The Federal Reserve Board on Monday requested public comment on a proposal to amend 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.
By Fed Newswire | Dec 1, 2017
News Release: Pace University won the 14th annual national College Fed Challenge on Friday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from New York, N.Y., represented the New York Federal Reserve District and included Carly Aznavorian, Salil Ahuja, Scarlett Bekus, Klejdja Qosja, and Marina Testani. Gregory Colman and Mark Weinstock were the team's faculty advisers.
By Fed Newswire | Dec 1, 2017
News Release: The Federal Reserve Board announced on Friday it has voted to affirm the Countercyclical Capital Buffer (CCyB) at the current level of 0 percent. In making this determination, the Board followed the framework detailed in the Board's policy statement for setting the CCyB for private-sector credit exposures located in the United States.
By Fed Newswire | Nov 30, 2017
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Brand Group Holdings, Inc., Lawrenceville, Georgia and The Brand Banking Company, Lawrenceville, Georgia, Written Agreement dated Aug. 2, 2010 Terminated Nov. 27, 2017 The enforcement action from August 2010 can be found here (PDF) and other enforcement actions can be searched for here.
By Fed Newswire | Nov 28, 2017
News Release: The Federal Reserve Board on Tuesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by National Bank Holdings Corporation, Greenwood Village, Colorado, to merge with Peoples, Inc., Lawrence, Kansas, and thereby indirectly acquire Peoples Bank, Lawrence, ...
By Fed Newswire | Nov 28, 2017
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from October 10 through Nov. 1, 2017.
