By Fed Newswire | Jul 12, 2016
News Release: The Federal Reserve Board on Tuesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by KeyCorp, Cleveland, Ohio, to acquire First Niagara Financial Group, Inc., and thereby indirectly acquire First Niagara Bank, National Association, both of Buffalo, New York.
By Fed Newswire | Jul 12, 2016
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for May 23 and June 13, 2016.
By Fed Newswire | Jul 7, 2016
News Release: Formalizing its prior commitment to facilitate the orderly implementation of section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule, the Federal Reserve Board on Thursday announced that it will extend until July 21, 2017 the conformance period for banking entities to divest ownership in ...
By Fed Newswire | Jul 6, 2016
News Release: A technical error occurred Wednesday during the media lock-up for the release of the minutes of the June meeting of the Federal Open Market Committee. As a result of the error in the use of the Federal Reserve equipment that cuts off and enables electronic access from the media lock-up room, one media ...
By Fed Newswire | Jul 6, 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 June 14-15, 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 | Jun 30, 2016
News Release: The Federal Reserve Board on Thursday released its annual determination of the aggregate consolidated liabilities of financial companies as required by section 622 of the Dodd-Frank Act. The act prohibits a financial company from combining with another company if the resulting company's liabilities would exceed 10 percent of the aggregate consolidated liabilities of all financial companies.
By Fed Newswire | Jun 29, 2016
News Release: The Federal Reserve Board on Wednesday announced it has not objected to the capital plans of 30 bank holding companies participating in the Comprehensive Capital Analysis and Review (CCAR). The Board objected to two firms' plans. One other firm's plan was not objected to, but the firm is being required to address certain weaknesses and resubmit its plan by the end of 2016.
By Fed Newswire | Jun 28, 2016
News Release: The Federal Reserve Board on Tuesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Bank of the Ozarks, Inc., Little Rock, Arkansas, to merge with Community & Southern Holdings, Inc., and thereby indirectly acquire Community & Southern Bank, both of Atlanta, Georgia.
By Fed Newswire | Jun 28, 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 Ohio Valley Banc Corp., Gallipolis, to merge with Milton Bancorp, Inc., Wellston, and thereby indirectly acquire it subsidiary bank, The Milton Banking Company, Wellston, ...
By Fed Newswire | Jun 28, 2016
News Release: The Federal Open Market Committee on Tuesday announced its tentative meeting schedule for 2017: January 31-February 1 (Tuesday-Wednesday) March 14-15 (Tuesday-Wednesday) May 2-3 (Tuesday-Wednesday) June 13-14 (Tuesday-Wednesday) July 25-26 (Tuesday-Wednesday) September 19-20 (Tuesday-Wednesday) October ...
By Fed Newswire | Jun 28, 2016
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Century Bank of Florida, Tampa, Florida Written Agreement dated Aug. 25, 2009 Terminated June 23, 2016 Pilot Bancshares, Inc. and Pilot Bank, both of Tampa, Florida Written Agreement dated July 7, 2010 Terminated June 23, 2016 Search of Federal Reserve enforcement actions.
By Fed Newswire | Jun 24, 2016
News Release: The Federal Reserve Board on Friday announced its approval of the application by Banque SYZ SA, Geneva, Switzerland, to establish a representative office in Miami, Florida.
By Fed Newswire | Jun 24, 2016
News Release: The Federal Reserve is carefully monitoring developments in global financial markets, in cooperation with other central banks, following the results of the U.K. referendum on membership in the European Union. The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the U.S. economy.
By Fed Newswire | Jun 23, 2016
News Release: The nation's largest bank holding companies continue to build their capital levels and improve their credit quality, strengthening their ability to lend to households and businesses during a severe recession, according to the results of supervisory stress tests announced by the Federal Reserve Board on Thursday.
By Fed Newswire | Jun 17, 2016
News Release: The Federal Reserve Board on Friday announced its approval of the application under section 9 of the Federal Reserve Act by Compass Bank, Birmingham, Alabama, to establish a branch at 5900 Quebec Street, Fort Worth, Texas.
By Fed Newswire | Jun 17, 2016
News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that they will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the prior year’s ratios, which were released on June 29, 2015.
By Fed Newswire | Jun 17, 2016
News Release: The four federal financial institution regulatory agencies today issued a joint statement regarding the new accounting standard, Accounting Standards Update (ASU) No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, issued by the Financial Accounting Standards Board. The joint statement also provides initial supervisory views regarding the standard's implementation.
By Fed Newswire | Jun 17, 2016
News Release: The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation today announced the availability of the 2016 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration as community development.
By Fed Newswire | Jun 16, 2016
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Affinity Financial Corporation, Newport Beach, California, and Waterfield Financial Services, Inc. (now known as Affinity Financial Centers, Inc.), Indianapolis, Indiana Consent Order to Cease and Desist dated June 13, 2016.
By Fed Newswire | Jun 15, 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 June 14-15 meeting.
