By Fed Newswire | Apr 5, 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 March 14-15, 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 | Apr 4, 2017
News Release: The Federal Reserve is committed to maintaining the security of confidential FOMC information. We cooperated fully with the independent law enforcement investigation into an unauthorized disclosure in 2012. We appreciate the diligent efforts made to bring this matter to its conclusion.
By Fed Newswire | Apr 4, 2017
News Release: The Federal Reserve Board announced on Tuesday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). Formed in 2015, the CAC advises the Board on issues affecting consumers and communities.
By Fed Newswire | Mar 28, 2017
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Bank of Star City, Star City, Arkansas Order of Assessment of a Civil Money Penalty, dated March 27, 2017 The Federal Reserve Board also announced the termination of the enforcement action listed below: Heritage Bank, Topeka, Kansas Written Agreement issued April 22, 2009 Terminated March 22, 2017 Search of Federal Reserve enforcement actions.
By Fed Newswire | Mar 24, 2017
News Release: The Federal Reserve System on Friday released the 2016 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 auditing 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 24, 2017
News Release: The Federal Deposit Insurance Corporation and the Federal Reserve Board on Friday jointly announced that they had completed their evaluation of the 2015 resolution plans of 16 domestic banks and separately issued guidance to four foreign banks.
By Fed Newswire | Mar 23, 2017
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Santander Holdings USA, Inc., Boston, Massachusetts and Santander Consumer USA, Inc., Dallas, Texas Written Agreement dated March 21, 2017 The Federal Reserve Board also announced the termination of ...
By Fed Newswire | Mar 21, 2017
News Release: The Federal Reserve System's 10th biennial Community Development Research Conference convenes on March 23 in Washington, D.C. The conference theme, Strong Foundations: The Economic Futures of Kids and Communities, will explore the relationship between the development of children and community conditions and the effect of early childhood investments on the economy.
By Fed Newswire | Mar 21, 2017
News Release: Continuing their efforts to reduce regulatory burdens while ensuring the safety and soundness of the nation's financial institutions, member agencies of the Federal Financial Institutions Examination Council (FFIEC) today issued a joint report to Congress detailing their review of rules affecting financial institutions.
By Fed Newswire | Mar 20, 2017
News Release: The Federal Reserve Board's website (www.federalreserve.gov ) has a new design and additional features to improve the experience of visitors seeking information about the Federal Reserve and its actions. Visitors will now find the site easier to view on mobile devices, and restructured navigation menus make information easier to find.
By Fed Newswire | Mar 20, 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 Cathay General Bancorp to acquire SinoPac Bancorp and thereby indirectly acquire Far East National Bank, all of Los Angeles, California.
By Fed Newswire | Mar 16, 2017
News Release: The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by People's United Financial, Inc., Bridgeport, Connecticut, to merge with Suffolk Bancorp and thereby indirectly acquire The Suffolk County National Bank of Riverhead, both of Riverhead, New York.
By Fed Newswire | Mar 16, 2017
News Release: The Federal Reserve Board has approved action on Thursday by the Board of Directors of the Federal Reserve Bank of Minneapolis, increasing the discount rate (the primary credit rate) at the Bank from 1-1/4 percent to 1-1/2 percent, effective immediately.
By Fed Newswire | Mar 16, 2017
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Community Shores Bank Corporation, Muskegon, Michigan Written Agreement dated Dec. 16, 2010 Terminated March 13, 2017 Search of Federal Reserve enforcement actions.
By Fed Newswire | Mar 15, 2017
News Release: The Federal Reserve Board has approved actions on Wednesday by the Boards of Directors of the Federal Reserve Banks of New York and St. Louis, increasing the discount rate (the primary credit rate) at the Banks from 1-1/4 percent to 1-1/2 percent, effective March 16, 2017.
By Fed Newswire | Mar 15, 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 March 14-15 meeting.
By Fed Newswire | Mar 15, 2017
News Release: Information received since the Federal Open Market Committee met in February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate was little changed in recent months. Household ...
By Fed Newswire | Mar 10, 2017
News Release: The Federal Reserve Board announced on Friday it will seek to fine and prohibit Fang Fang and Timothy Fletcher, two former managing directors at J.P. Morgan Securities (Asia Pacific) Limited, from working in the banking industry for their participation in a referral hiring program that violated anti-bribery law.
By Fed Newswire | Mar 7, 2017
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Platte Valley Bank, Scottsbluff, Nebraska Order of Assessment of a Civil Money Penalty, dated March 6, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Mar 3, 2017
News Release: The Federal Reserve on Friday released examples of new charts (sometimes called "fan charts") and related materials that illustrate and describe the uncertainty that attends Federal Open Market Committee participants' macroeconomic and interest rate projections.
