By Fed Newswire | Aug 4, 2016
News Release: The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in August. These operations are aimed at ensuring the operational readiness of the TDF and providing eligible institutions with an opportunity to maintain familiarity ...
By Fed Newswire | Aug 3, 2016
News Release: The Federal Reserve Board on Wednesday ordered Goldman Sachs Group to pay a $36.3 million civil money penalty for its unauthorized use and disclosure of confidential supervisory information and to implement an enhanced program to ensure the proper use of confidential supervisory information. Additionally, ...
By Fed Newswire | Aug 2, 2016
News Release: The U.S. Department of Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission (Joint Member Agencies) today issued this statement to highlight significant actions ...
By Fed Newswire | Aug 2, 2016
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Calwest Bancorp, Rancho Santa Margarita, California Written Agreement dated April 29, 2011 Terminated July 28, 2016 Elgin Bancshares, Inc., Elgin, Illinois Written Agreement dated Jan. 19, 2011 ...
By Fed Newswire | Aug 2, 2016
News Release: The federal banking agencies today provided information on how the financial institutions they regulate may begin to submit self-assessments of their diversity policies and practices as of year-end 2015, and issued Frequently Asked Questions (FAQs) about the process.
By Fed Newswire | Aug 2, 2016
News Release: The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Tuesday announced that 38 firms will be required to submit their next resolution plans by Dec. 31, 2017.
By Fed Newswire | Aug 1, 2016
News Release: Five federal agencies today announced a final rule exempting certain commercial and financial end users from margin requirements for certain swaps not cleared through a clearinghouse. The exemptions were first adopted by interim final rule published in the Federal Register in November 2015 with a request for public comment. The final rule discusses the comments received and adopts the earlier interim final rule as final without change.
By Fed Newswire | Aug 1, 2016
News Release: The Federal Reserve Board on Monday invited comment on an interim final rule adjusting the Board's maximum civil money penalties, as required by law.
By Fed Newswire | Jul 29, 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 Huntington Bancshares Incorporated, Columbus, Ohio, to merge with FirstMerit Corporation and thereby indirectly acquire its wholly owned subsidiary, FirstMerit Bank, N.A., both of Akron, Ohio.
By Fed Newswire | Jul 29, 2016
News Release: Credit risk in the Shared National Credit (SNC) portfolio remained elevated, but underwriting and risk management practices improved from prior assessments, according to a review of large shared and complex credits released today by federal banking agencies.
By Fed Newswire | Jul 28, 2016
News Release: The Federal Reserve Board on Thursday permanently barred Thomas H. Huston and T. Mark Huston, former officers of Columbus Junction State Bank, Columbus Junction, Iowa, from the banking industry for engaging in improper financial activity and concealing or attempting to conceal that activity from state and federal bank examiners.
By Fed Newswire | Jul 28, 2016
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: CCF Holding Company, Jonesboro, Georgia Written Agreement dated Oct. 19, 2010 Terminated July 22, 2016 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jul 27, 2016
News Release: Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were strong in June following weak growth in May. On balance, payrolls and other labor market indicators point ...
By Fed Newswire | Jul 25, 2016
News Release: The Federal Reserve Board on Monday extended until Sept. 16, 2016, the comment period for the advanced notice of proposed rulemaking (ANPR) detailing conceptual frameworks for capital standards that could apply to systemically important insurance companies and to insurance companies that own a bank or thrift.
By Fed Newswire | Jul 22, 2016
News Release: The Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board, and the Office of the Comptroller of the Currency (OCC) today issued a proposal detailing the method that will be used to make annual inflation adjustments to the threshold for exempting small loans from higher priced mortgage loan appraisal requirements.
By Fed Newswire | Jul 22, 2016
News Release: The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) today issued a proposal 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 | Jul 21, 2016
News Release: The Federal Reserve Board on Thursday announced the adoption of changes to part II of the Federal Reserve Policy on Payment System Risk (PSR policy) to conform with enhancements to the Reserve Banks' same-day automated clearing house (ACH) service previously announced by the Board on Sept. 23, 2015. ...
By Fed Newswire | Jul 19, 2016
News Release: The Federal Reserve Board on Tuesday announced it is prohibiting a former foreign exchange (FX) trader from participating in the banking industry for his manipulation of FX pricing benchmarks.
By Fed Newswire | Jul 15, 2016
News Release: The federal bank regulatory agencies with responsibility for Community Reinvestment Act (CRA) rulemaking today published final revisions to "Interagency Questions and Answers Regarding Community Reinvestment". The Questions and Answers document provides additional guidance to financial institutions and the public on the agencies' CRA regulations.
By Fed Newswire | Jul 14, 2016
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Northpointe Bancshares, Inc., Grand Rapids, Michigan Written Agreement dated Jan. 21, 2009 Terminated July 12, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
