Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
A former branch manager for Cecil Bank, Elkton, Md., who reportedly misappropriated nearly $45,000 in customer funds in 2017 was barred from future involvement in the affairs of any federally insured depository institution under a […]
Federal Reserve policymakers may be on the verge of raising interest rates to deal with rising inflation – by March, that is – but financial stability continues to be solid, the chairman of the agency […]
Diversity – not in the context of race or culture, but in geography and professional experience – may be the hurdles that at least one senator insist be cleared before four Federal Reserve nominees get […]
Pros and cons of a U.S. central bank digital currency (CBDC) are examined in a discussion paper released by the Federal Reserve Thursday, the agency said, which also seeks public comment. The Fed described the […]
Three California financial firms have been told to hire qualified management, beef up their boards and hire an outside consultant to probe insider trading at one of the firms, a bank. Tuesday, the Fed announced […]
Nearly half of banks surveyed said they had taken actions to reduce either the level or growth of their reserve balances in the last six months, according to a report of the results of a […]
Three nominations to serve on the Federal Reserve Board, including one to fill the now-vacant vice chair of supervision seat, were sent by the White House Thursday to the full Senate and await further action. […]
Federal Reserve Banks had net income of $107.8 billion in 2021, a $19.3 billion increase (21.8%) from the previous year; the Federal Reserve Board said the net income bump came mostly from a $25.1 billion […]
Four of the five federal financial institution regulators have been urged to take actions – ranging in number from one to five – to better protect the personally identifiable information (PII) they collect use, and […]
Lending activity picked up slightly toward the end of 2021, led by commercial real estate borrowers, the Federal Reserve reported Wednesday in its latest Beige Book. The most recent book, reporting on the last several […]
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