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What's up
  • [ October 1, 2026 ] Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets NCUA
  • [ October 1, 2026 ] FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims FDIC
  • [ October 1, 2026 ] ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan FDIC
  • [ October 1, 2026 ] Failed California bank will cost bank insurance fund $114 million FDIC
  • [ September 25, 2026 ] Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines The Fed
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The Fed

Fed raises interest rate on banks’ Reg D reserves, primary credit rate

August 9, 2022 0

Two key rate changes were approved by the Federal Reserve Board in connection with the central bank’s July 27 increase in the federal funds target rate, according to notices Tuesday in the Federal Register on […]

COVID-19 actions

Fed reduces primary credit rate, Reg D reserves interest rates to meet fed funds rate cut

March 9, 2020 0

Last week’s emergency 0.5% reduction in the federal funds rate target was followed by corresponding reductions in the rate that Federal Reserve Banks will charge on primary and secondary credit and the rate paid on […]

The Fed

Fed poised to announce measures increasing banking system reserves to preclude ‘frequent market interventions’

October 8, 2019 0

Measures to add to the supply of reserves in the banking system over time will soon be announced, with a goal of ensuring ample reserves in place to deal with changes in the economy and […]

The Fed

Fed Gov. Brainard says conditions point to continued, gradual fed funds rate hikes

March 6, 2018 0

Federal Reserve Board Gov. Lael Brainard told an economic club in New York Tuesday that continued, gradual increases in the federal funds rate will likely “remain appropriate to ensure inflation rises sustainably to our target […]

Today

  • Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

    October 1, 2026 0
    A troubled Mississippi credit union was closed and its members and savings (shares) were assumed by an Alabama Credit Union, the federal regulator announced late Wednesday. Jackson Area Federal Credit Union (FCU), of Jackson Miss., was closed and its members [...]
  • FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

    October 1, 2026 0
    Workplace culture reforms spawned by allegations of sexual harassment at the federal bank deposit insurance agency will no longer be overseen by an independent monitor, the agency said late Wednesday, asserting that the monitor’s work had concluded. The Federal Deposit [...]
  • ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

    October 1, 2026 0
    Feedback letters from 15 banking organizations with more than $250 billion in assets on their resolution plans were published Sept. 29 by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said. However, the Office of the [...]
  • Failed California bank will cost bank insurance fund $114 million

    October 1, 2026 0
    A failed California bank that was closed Sept. 25 is estimated to cost the federal bank deposit insurance fund about $114 million, the insurance fund said agency. The bank reopened Sept. 28 as a branch of a Utah bank as [...]
  • Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines

    September 25, 2026 0
    Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday. According to the agency, Renee Nicole [...]

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