By Fed Newswire | Dec 1, 2016
News Release: Rutgers University won the 13th annual national College Fed Challenge on Thursday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from New Brunswick, N.J., represented the New York Federal Reserve District and included Karn Dalal, Ali Haider Ismail, Andrew Lee, Shivram Viswanathan, and Ashton W. Welles. Jeffrey Rubin was the team's faculty adviser.
By Fed Newswire | Nov 30, 2016
News Release: The Federal Reserve on Wednesday announced changes that will begin in 2017 to its Beige Book publication. The modifications will standardize specific core topics included in each of the 12 Federal Reserve Bank District reports, provide a more consistent presentation of the national summary, and enhance the design of the publication.
By Fed Newswire | Nov 30, 2016
News Release: The Federal Reserve Board on Wednesday published a report on debit card transactions in 2015, including summary information on the volume and value, interchange fee revenue, certain issuer costs, and fraud losses. The report is the fourth in a series to be published every two years pursuant to section 920 of the Electronic Fund Transfer Act (EFTA).
By Fed Newswire | Nov 29, 2016
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for October 11 and Oct. 31, 2016.
By Fed Newswire | Nov 23, 2016
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on November 1-2, 2016.
By Fed Newswire | Nov 23, 2016
News Release: The Consumer Financial Protection Bureau (CFPB), Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) today issued a final rule detailing the method that will be used to make annual inflation adjustments to the threshold for exempting small loans from special appraisal requirements. ...
By Fed Newswire | Nov 23, 2016
News Release: The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) today issued a final rule detailing the method that will be used to adjust the thresholds for exempting certain consumer credit and lease transactions from the Truth in Lending Act and Consumer Leasing Act.
By Fed Newswire | Nov 23, 2016
News Release: The Federal Reserve Board on Wednesday issued a final rule that amends Regulation I to implement provisions of the Fixing America's Surface Transportation (FAST) Act. The final rule is the same as the interim final rule the Board issued in February. The FAST Act reduced the dividend rate applicable to ...
By Fed Newswire | Nov 18, 2016
News Release: The Federal Reserve Board on Friday announced it is broadening the scope of post-employment restrictions applicable to Federal Reserve Bank senior examiners and officers.
By Fed Newswire | Nov 17, 2016
News Release: The Federal Reserve Board on Thursday ordered JPMorgan Chase & Co. to pay a $61.9 million civil money penalty for unsafe and unsound practices related to the firm's practice of hiring individuals referred by foreign officials and other clients in order to obtain improper business advantages for the firm.
By Fed Newswire | Nov 15, 2016
News Release: The Federal Reserve Board on Tuesday, announced its approval of the application under section 3 of the Bank Holding Company Act by BOK Financial Corporation, Tulsa, Oklahoma, to acquire MBT Bancshares, Inc., and thereby indirectly acquire Missouri Bank and Trust Company of Kansas City, both of Kansas City, Missouri.
By Fed Newswire | Nov 10, 2016
News Release: The Federal Reserve Board on Nov. 10, 2016, announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Midwest Bancorp, Inc., Itasca, Illinois, to merge with Standard Bancshares, Inc. and thereby indirectly acquire Standard Bank and Trust Company ("SB&T"), ...
By Fed Newswire | Nov 3, 2016
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Fayette County Bank, St. Elmo, Illinois Prompt Corrective Action Directive dated Oct. 31, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Nov 2, 2016
News Release: Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace seen in the first half of this year. Although the unemployment rate is little changed in recent ...
By Fed Newswire | Nov 1, 2016
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Chicago Shore Corporation and Security Chicago Corporation, both of Chicago, Illinois Written Agreement dated Oct. 28, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Oct 31, 2016
News Release: Five federal regulatory agencies are requesting comment on a joint notice of proposed rulemaking to implement provisions of the Biggert-Waters Flood Insurance Reform Act (Biggert-Waters Act) that require regulated lending institutions to accept certain private flood insurance policies in addition to policies made available by the Federal Emergency Management Agency.
By Fed Newswire | Oct 28, 2016
News Release: The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act by Wintrust Financial Corporation, Rosemont, Illinois, to merge with First Community Financial Corporation and thereby indirectly acquire First Community Bank, both of Elgin, ...
By Fed Newswire | Oct 27, 2016
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: SouthFirst Bancshares, Inc., Sylacauga, Alabama Written Agreement dated Sept. 20, 2012 Terminated Oct. 19, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Oct 27, 2016
News Release: The Federal Reserve Board on Thursday announced the annual indexing of two amounts used in determining reserve requirements of depository institutions. These amounts are the reserve requirement exemption amount and the low reserve tranche.
By Fed Newswire | Oct 25, 2016
News Release: The 160-member task force convened by the Federal Reserve to advance the safety, security and resiliency of the national payment system is asking the industry for comments on its efforts to enhance payment identity management, data protection, and information sharing related to payments risk and fraud.
