By Fed Newswire | Feb 3, 2017
News Release: The Federal Reserve Board on Friday released the scenarios to be used by banks and supervisors for the 2017 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises and also issued instructions to firms participating in CCAR.
By Fed Newswire | Feb 1, 2017
News Release: Information received since the Federal Open Market Committee met in December 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 stayed near its recent low. Household spending ...
By Fed Newswire | Jan 30, 2017
News Release: The Federal Reserve Board on Monday finalized a rule adjusting its capital plan and stress testing rules, effective for the 2017 cycle. The final rule removes large and noncomplex firms from the qualitative assessment of the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR), reducing significant burden on these firms and focusing the qualitative review in CCAR on the largest, most complex financial institutions.
By Fed Newswire | Jan 27, 2017
News Release: The Federal Reserve Board on Friday announced the execution of the enforcement action listed below: BB&T Corporation, Winston-Salem, North Carolina Consent Order to Cease and Desist dated Jan. 25, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jan 26, 2017
News Release: The Federal Reserve on Thursday released a progress report outlining accomplishments and anticipated steps moving forward related to the ongoing initiatives to enhance the speed, efficiency and security of the U.S. payment system.
By Fed Newswire | Jan 26, 2017
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: NongHyup Bank, Seoul, Korea and NongHyup Bank, New York Branch, New York, New York Written Agreement dated Jan. 17, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jan 24, 2017
News Release: The federal banking agencies today fined ServiceLink Holdings, LLC (ServiceLink Holdings), $65 million for improper actions by its predecessor company, Lender Processing Services, Inc. (LPS), which resulted in significant deficiencies in the foreclosure-related services that LPS provided to mortgage servicers.
By Fed Newswire | Jan 18, 2017
News Release: The Federal Reserve Board on Wednesday announced that it has finalized a rule adjusting the Board's maximum civil money penalties, as required by law.
By Fed Newswire | Jan 13, 2017
News Release: The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on Friday extended until Feb. 17, 2017, the comment period for the advance notice of proposed rulemaking on enhanced cyber risk management standards for large and interconnected entities under their supervision and those entities' service providers.
By Fed Newswire | Jan 11, 2017
News Release: The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act by First Citizens BancShares, Inc., Raleigh, North Carolina, to increase its ownership interest from 4.9 percent to 9.0 percent of the voting shares of Carter Bank & Trust, Martinsville, Virginia.
By Fed Newswire | Jan 10, 2017
News Release: The Federal Reserve Board on Tuesday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $92.0 billion of their estimated 2016 net income to the U.S. Treasury. The 2016 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 10, 2017
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from November 14 through Dec. 14, 2016.
By Fed Newswire | Jan 10, 2017
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: First Personal Financial Corp., Orland Park, Illinois Written Agreement dated Nov. 1, 2010 Terminated January 5, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Jan 4, 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 December 13-14, 2016. 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 | Jan 4, 2017
News Release: The Federal Reserve Board on Wednesday announced it is permanently prohibiting Jason Katz, a former foreign exchange (FX) trader at Barclays PLC and later at BNP Paribas SA, from participating in the banking industry, because of his actions to manipulate FX prices. Through the use of electronic chat ...
By Fed Newswire | Dec 29, 2016
News Release: 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 23, 2016
News Release: The Federal Reserve Board and the Federal Open Market Committee (FOMC) on Friday invited public comment on interim final rules to amend regulations for processing requests under the Freedom of Information Act (FOIA).
By Fed Newswire | Dec 22, 2016
News Release: Kansas City, Missouri, Dec. 22, 2016 -- From 2012 to 2015, credit and debit (including prepaid and non-prepaid) card payments continued to gain ground in the payments landscape, accounting for more than two-thirds of all core noncash payments in the United States, according to a Federal Reserve study ...
By Fed Newswire | Dec 22, 2016
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Cole Taylor Bank, Chicago, Illinois Order to Cease and Desist and Order of Assessment of a Civil Money Penalty, dated June 26, 2014 Terminated Dec. 1, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 21, 2016
News Release: The Federal Reserve Board on Wednesday assessed a civil money penalty of $27 million against Banco Bilbao Vizcaya Argentaria, S.A., Bilbao, Spain (BBVA), and its subsidiary, BBVA Securities, Inc., New York, New York (BSI), for exceeding limits on BSI's securities underwriting and dealing activities previously imposed by the Board.
