By Fed Newswire | Mar 29, 2016
News Release: The Federal Reserve on Tuesday announced the selection of McKinsey & Company to support Faster Payments Task Force efforts this year to assess faster payments solution proposals from various providers across the United States payments industry.
By Fed Newswire | Mar 24, 2016
News Release: The Federal Reserve Board in April will begin a statistical study of household finances, the Survey of Consumer Finances, that will provide policymakers with important insight into the economic condition of a broad cross section of American families.
By Fed Newswire | Mar 24, 2016
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: National Bank of Pakistan, Karachi, Pakistan and National Bank of Pakistan (PDF), New York Branch Written Agreement dated March 14, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Mar 23, 2016
News Release: The Federal Reserve will begin its Survey of Finance Companies in March as part of the continuing effort to paint a comprehensive view of the range of companies in this sector of the U.S. financial system.
By Fed Newswire | Mar 22, 2016
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Washington Bancorp, Inc., Lynnwood, Washington Written Agreement issued Nov. 19, 2009 Terminated March 16, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Mar 21, 2016
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 18(c) of the Federal Deposit Insurance Act by Goldman Sachs Bank USA, New York, New York, to assume certain deposits of, and acquire certain assets from, GE Capital Bank, Holladay, Utah.
By Fed Newswire | Mar 21, 2016
News Release: Federal financial institution regulatory agencies today issued guidance clarifying the applicability of the Customer Identification Program (CIP) rule to prepaid cards issued by banks.
By Fed Newswire | Mar 18, 2016
News Release: The Federal Reserve System on Friday released the 2015 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, Maiden Lane LLC (ML LLC), and the Board of Governors. An independent auditing firm engaged by the Board has issued unmodified opinions on these financial statements and unqualified opinions on the Board's and the Bank's internal controls over financial reporting.
By Fed Newswire | Mar 16, 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 March 15-16 meeting.
By Fed Newswire | Mar 16, 2016
News Release: Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months. Household spending has been increasing at a moderate rate, and the housing sector ...
By Fed Newswire | Mar 14, 2016
News Release: The Federal Reserve Board on Monday announced its approval of the applications under section 9 of the Federal Reserve Act by Frost Bank, San Antonio, Texas, to establish branches at 314 South WW White Road, San Antonio, and 2421 East Seventh Street, Austin, Texas.
By Fed Newswire | Mar 4, 2016
News Release: The Federal Reserve Board on Friday proposed a rule to address the risk associated with excessive credit exposures of large banking organizations to a single counterparty. As demonstrated during the financial crisis, large credit exposures, particularly between financial institutions, can spread financial distress and undermine financial stability.
By Fed Newswire | Mar 4, 2016
News Release: WASHINGTON--The federal banking agencies today issued an advisory to clarify expectations for the use of property evaluations by banking institutions. The advisory responds to questions raised during outreach meetings held by the agencies last year pursuant to the Economic Growth and Regulatory Paperwork Reduction Act.
By Fed Newswire | Mar 3, 2016
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: ColoEast Bankshares, Inc., Lamar, Colorado Written Agreement issued June 6, 2012 Terminated Feb. 29, 2016 Community First, Inc., Columbia, Tennessee Written Agreement issued April 19, 2012 Terminated ...
By Fed Newswire | Mar 1, 2016
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Industrial Bank of Korea (PDF), Seoul, Korea, and Industrial Bank of Korea New York Branch, New York, New York Written Agreement dated Feb. 24, 2016 The Federal Reserve Board also announced the termination ...
By Fed Newswire | Feb 23, 2016
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meeting on Jan. 25, 2016.
By Fed Newswire | Feb 19, 2016
News Release: The Federal Reserve Board on Friday approved the reappointment of 10 Federal Reserve Bank presidents and 10 first vice presidents by their respective boards of directors. Each individual has been approved to serve a new five-year term beginning March 1, 2016. The recently named presidents of the Federal ...
By Fed Newswire | Feb 19, 2016
News Release: Federal banking agencies today increased the number of small banks and savings associations eligible for an 18-month examination cycle rather than a 12-month cycle. The changes are intended to reduce regulatory compliance costs for smaller institutions, while still maintaining safety and soundness protections.
By Fed Newswire | Feb 18, 2016
News Release: On Feb. 18, 2016, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point.
By Fed Newswire | Feb 18, 2016
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Centrue Financial Corporation, Clayton, Missouri and Centrue Bank, Streator, Illinois Written Agreement issued Dec. 18, 2009 Terminated Feb. 16, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
