By Fed Newswire | Dec 20, 2016
News Release: The Federal Reserve Board on Tuesday announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2017.
By Fed Newswire | Dec 20, 2016
News Release: The Federal Reserve Board on Tuesday barred two former employees of Regions Bank from employment in the banking industry following their indictment for financial crimes.
By Fed Newswire | Dec 20, 2016
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Rock Bancshares, Inc. and Heartland Bank, both of Little Rock, Arkansas Written Agreement dated Dec. 13, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Dec 19, 2016
News Release: Young workers in the United States experience higher rates of unemployment than the population as whole but are nonetheless generally optimistic about their job prospects, according to the Federal Reserve Board's new report, Experiences and Perspectives of Young Workers. The report, which presents data ...
By Fed Newswire | Dec 19, 2016
News Release: The Federal Reserve Board on Monday approved a rule requiring for the first time that large banking organizations publicly disclose certain quantitative liquidity risk metrics. The disclosures will provide market participants and the public with reliable and timely information for evaluating the financial strength and resiliency of the nation's largest banking organizations.
By Fed Newswire | Dec 19, 2016
News Release: The Federal Reserve Board on Monday requested comment on proposed guidelines that would be used to evaluate requests for joint accounts at Federal Reserve Banks. The accounts are intended to facilitate settlement between depository institutions participating in U.S. payment systems.
By Fed Newswire | Dec 16, 2016
News Release: The Federal Reserve Board on Friday announced its approval of the application by Fédération des caisses Desjardins du Québec, Levis, Canada, to establish a branch in Hallandale, Florida.
By Fed Newswire | Dec 15, 2016
News Release: The Federal Reserve Board encourages consumers to closely monitor their financial accounts for unauthorized activity and know where to find help if they spot unauthorized activity.
By Fed Newswire | Dec 15, 2016
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 percent to 1-1/4 percent, effective immediately.
By Fed Newswire | Dec 15, 2016
News Release: The Federal Reserve Board on Thursday adopted a final rule to strengthen the ability of government authorities to resolve in an orderly way the largest domestic and foreign banks operating in the United States without any support from taxpayer-provided capital.
By Fed Newswire | Dec 14, 2016
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 13-14 meeting.
By Fed Newswire | Dec 14, 2016
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 expanding at a moderate pace since mid-year. Job gains have been solid in recent months and the unemployment rate has declined. ...
By Fed Newswire | Dec 13, 2016
News Release: The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board on Tuesday announced that Bank of America, Bank of New York Mellon, JP Morgan Chase, and State Street adequately remediated deficiencies in their 2015 resolution plans. The agencies also announced that Wells Fargo did not adequately remedy all of its deficiencies and will be subject to restrictions on certain activities until the deficiencies are remedied.
By Fed Newswire | Dec 12, 2016
News Release: The Federal Reserve Board on Monday announced the appointment of Andreas Lehnert as director of its Division of Financial Stability, effective Dec. 25, 2016. Currently the deputy director of the division, Lehnert has played a key role in implementing the Board's research and policy agenda on financial ...
By Fed Newswire | Dec 12, 2016
News Release: The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency issued interagency final rules that increase the number of small banks and savings associations eligible for an 18-month examination cycle rather than a 12-month cycle. The interagency ...
By Fed Newswire | Dec 9, 2016
News Release: The Federal Reserve Board on Friday announced the approval of technical amendments to its rule that identifies global systemically important bank holding companies (GSIBs) and requires those firms to hold additional amounts of risk-based capital to avoid restrictions on capital distributions and discretionary bonus payments. The changes would not materially alter the underlying rule approved by the Board in July 2015.
By Fed Newswire | Dec 9, 2016
News Release: The Federal Reserve Board on Friday invited comment on a proposal to fully apply the Board's existing rating system for bank holding companies to savings and loan holding companies.
By Fed Newswire | Dec 7, 2016
News Release: The Federal Reserve Board on Wednesday announced four new members of its Community Advisory Council (CAC).
By Fed Newswire | Dec 6, 2016
News Release: The Federal Reserve Board on Tuesday issued a consent order to cease and desist and assessed a civil money penalty against Customers Bank of Phoenixville, Pennsylvania. The order addresses the participation of the bank and its agent, Higher One, Inc. of New Haven, Connecticut, in deceptive practices in violation of section 5 of the Federal Trade Commission Act (FTC Act).
By Fed Newswire | Dec 6, 2016
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: JCO Ventures, LLC, JCO Partners, L.P., JCO Partners II, L.P., HAO Management Company, LLC, HAO Partners, L.P., HAO Partners II, L.P., Frances W. Arthur Irrevocable Trust No. 2 For The Benefit Of Frances ...
