By Fed Newswire | Aug 30, 2017
News Release: The Federal Reserve Board on Wednesday announced the termination of the enforcement action listed below: The State Bank of Geneva Written Agreement dated Sept. 10, 2012 Terminated Aug. 29, 2017 The enforcement action from Sept. 10, 2012 can be found here, and other enforcement actions can be searched for here.
By Fed Newswire | Aug 29, 2017
News Release: The Federal Reserve Board on Tuesday announced it is prohibiting James M. Riley, a former City Executive at the Four Oaks Bank and Trust Company branch in Fuquay-Varina, North Carolina, from participating in the banking industry after determining he improperly approved loans for his own benefit.
By Fed Newswire | Aug 26, 2017
News Release: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and state bank regulators recognize the serious impact of Hurricane Harvey on the customers and operations of many financial institutions and will provide regulatory ...
By Fed Newswire | Aug 24, 2017
News Release: The Federal Reserve has named Dave Sapenaro as payments strategy director with responsibility for leading payment system improvement initiatives described in its "Strategies for Improving the U.S. Payment System" paper published in January 2015. Sapenaro, first vice president and chief operating officer ...
By Fed Newswire | Aug 24, 2017
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Santander Holdings, USA, Inc.
By Fed Newswire | Aug 24, 2017
News Release: The Federal Reserve Board on Thursday requested public comment on a proposal for the Federal Reserve Bank of New York, in cooperation with the Office of Financial Research, to produce three new reference rates based on overnight repurchase agreement (repo) transactions secured by Treasuries.
By Fed Newswire | Aug 22, 2017
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings for July 17 and July 26, 2017.
By Fed Newswire | Aug 22, 2017
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: The Bank & Trust, S.S.B., Del Rio, Texas Cease and Desist Order dated Aug. 18, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Aug 22, 2017
News Release: In preparation for a forthcoming proposal that would simplify regulatory capital requirements, federal banking regulators on Tuesday proposed a rule that would extend the existing transitional capital treatment for certain regulatory capital deductions and risk weights. The extension would apply to banking organizations that are not subject to the agencies' advanced approaches capital rules.
By Fed Newswire | Aug 17, 2017
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Heartland Bank, Little Rock, Arkansas Prompt Corrective Action Directive dated Aug. 15, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Aug 16, 2017
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July 25-26, 2017.
By Fed Newswire | Aug 10, 2017
News Release: On Aug. 10, 2017, 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 | Aug 9, 2017
News Release: The Federal Reserve Board on Wednesday released final guidelines that will be used to evaluate requests from depository institutions for joint accounts at Federal Reserve Banks effective upon publication in the Federal Register. These joint accounts are intended to facilitate settlement between depository institutions participating in private-sector payment systems.
By Fed Newswire | Aug 8, 2017
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) today extended the resolution plan filing deadline for 19 foreign banking organizations and two large domestic bank holding companies to Dec. 31, 2018, to give the firms an additional year to address any supervisory guidance in their next plan submissions.
By Fed Newswire | Aug 3, 2017
News Release: The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in August. These operations are aimed at ensuring the operational readiness of the TDF and providing eligible institutions with an opportunity to maintain familiarity ...
By Fed Newswire | Aug 3, 2017
News Release: The Federal Reserve Board on Thursday requested public comment on a corporate governance proposal to enhance the effectiveness of boards of directors. The proposal would refocus the Federal Reserve's supervisory expectations for the largest firms' boards of directors on their core responsibilities, which will promote the safety and soundness of the firms.
By Fed Newswire | Aug 2, 2017
News Release: Risk in the portfolio of large syndicated bank loans declined slightly but remains elevated, according to the Shared National Credit (SNC) Program Review released today by the Federal Reserve Board (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
By Fed Newswire | Jul 27, 2017
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: M&T Bank Corporation, Buffalo, New York and Manufacturers & Traders Trust Company, Buffalo, New York Written Agreement dated June 17, 2013 Terminated July 25, 2017 The enforcement action from June 2013 can be found here and other enforcement actions can be searched for here.
By Fed Newswire | Jul 26, 2017
News Release: Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have been solid, on average, since the beginning of the year, and the unemployment rate ...
By Fed Newswire | Jul 24, 2017
News Release: The Federal Reserve on Monday announced the conclusion of the Faster Payments Task Force it established in May 2015 to find ways to implement faster payments in the United States. The task force was part of a strategy to achieve ubiquitous, safe, faster payments for U.S. consumers and businesses, as ...
