By Fed Newswire | May 25, 2017
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: SunTrust Bank, Atlanta, Georgia Order of Assessment of a Civil Money Penalty, dated May 24, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | May 25, 2017
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: North Georgia Community Financial Partners, Inc., Calhoun, Georgia Written Agreement dated Oct. 3, 2013 Terminated May 11, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | May 24, 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 May 2-3, 2017.
By Fed Newswire | May 19, 2017
News Release: Americans' overall financial well-being in 2016 continued on a modest upward path, although the improvement was less pronounced for those with less education, according to the Federal Reserve Board's latest Report on the Economic Well-Being of U.S. Households.
By Fed Newswire | May 19, 2017
News Release: The Federal Reserve Board on Friday announced that it has imposed a $1.2 million fine and a permanent ban on employment in the banking industry against Christopher Ashton, the former Global Head of Foreign Exchange (FX) Spot Trading at Barclays Bank PLC, in connection with the manipulation of FX pricing benchmarks.
By Fed Newswire | May 18, 2017
News Release: On May 18, 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 | May 11, 2017
News Release: The Federal Open Market Committee on Thursday announced its tentative meeting schedule for 2018: January 30-31 (Tuesday-Wednesday) March 20-21 (Tuesday-Wednesday) May 1-2 (Tuesday-Wednesday) June 12-13 (Tuesday-Wednesday) July 31-August 1 (Tuesday-Wednesday) September 25-26 (Tuesday-Wednesday) November ...
By Fed Newswire | May 11, 2017
News Release: The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in May. These operations are aimed at ensuring the operational readiness of the TDF and providing eligible institutions with an opportunity to maintain familiarity with ...
By Fed Newswire | May 11, 2017
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: First Carolina Bancshares, M.H.C., Walterboro, South Carolina Supervisory Agreement issued by the Office of Thrift Supervision dated Feb. 17, 2011 Terminated May 9, 2017 Search of Federal Reserve enforcement actions.
By Fed Newswire | May 4, 2017
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Four Oaks Bank & Trust Company, Four Oaks, North Carolina Written Agreement dated July 30, 2015 Terminated April 28, 2017 TransPecos Financial Corp, San Antonio, Texas, and TransPecos Banks, Pecos, Texas Written Agreement dated April 13, 2011 Terminated May 1, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | May 3, 2017
News Release: Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen even as growth in economic activity slowed. Job gains were solid, on average, in recent months, and the unemployment rate declined. Household spending rose only modestly, ...
By Fed Newswire | Apr 28, 2017
News Release: The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Simmons First National Corporation, Pine Bluff, Arkansas, to merge with Hardeman County Investment Company, Inc. and thereby indirectly acquire First South Bank, both of Jackson, Tennessee.
By Fed Newswire | Apr 26, 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 Community Bank System, Inc., DeWitt, New York, to acquire Merchants Bancshares, Inc., South Burlington, Vermont.
By Fed Newswire | Apr 24, 2017
News Release: The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board on Monday announced that Wells Fargo had adequately remediated the deficiencies in its 2015 resolution plan. As a result, the firm will no longer be subject to growth restrictions imposed last year.
By Fed Newswire | Apr 20, 2017
News Release: The Federal Reserve on Thursday announced two enforcement actions against Deutsche Bank AG that will require the bank to pay a combined $156.6 million in civil money penalties. The bank will pay a $136.9 million fine for unsafe and unsound practices in the foreign exchange (FX) markets, as well as a $19.7 million fine for failure to maintain an adequate Volcker rule compliance program prior to March 30, 2016.
By Fed Newswire | Apr 13, 2017
News Release: The Federal Reserve Board on Thursday announced its approval of the application by Nordea Bank AB (publ), Stockholm, Sweden, to establish a branch in New York, New York.
By Fed Newswire | Apr 11, 2017
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: The Baraboo Bancorporation, Inc., Baraboo, Wisconsin Written Agreement issued April 30, 2013 Terminated April 7, 2017 Search of Federal Reserve enforcement actions.
By Fed Newswire | Apr 11, 2017
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from February 13 through March 15, 2017.
By Fed Newswire | Apr 7, 2017
News Release: The Federal Reserve Board on Friday announced its approval of the applications under section 3 of the Bank Holding Company Act by United Bankshares, Inc., Charleston, West Virginia, and UBV Holding Company, LLC, Fairfax, Virginia, to acquire Cardinal Financial Corporation and thereby indirectly acquire ...
By Fed Newswire | Apr 6, 2017
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Devon Bancorp, Inc., Chicago, Illinois Written Agreement dated March 13, 2013 Terminated April 4, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
