Banks are profitable and the economy is strong – but with cyclical pressures building, it might be a good time to ask large banking organizations to “fortify” their capital buffers, a member of the Federal […]
Words such as “moderate,” “stable,” “slightly,” and “steady” largely described lending activity in Federal Reserve districts across the country in the latest Beige Book report released Wednesday. In the report, which outlines economic and financial activity […]
The Federal Reserve Board has joined with the other two federal banking regulators in inviting public comment on a proposal to exempt real estate transactions below $400,000 from federal real estate appraisal requirements, the agency […]
A joint Senate-House committee has canceled Wednesday’s hearing featuring testimony by the head of the nation’s central bank, citing “the changing congressional schedule.” Federal Reserve Board Chairman Jerome (“Jay”) Powell had been scheduled to testify […]
Underscoring the central bank’s commitment to community development, the chairman and a member of the Federal Reserve Board spoke in strong terms of continuing that duty in the future, during an event Monday evening honoring […]
An agreement with the industry-organized regulator of financial markets and a proposed rule are two steps the Federal Reserve is taking to “keep up with the changing nature” of Treasury markets, a member of the […]
Encouraging banks and credit unions to explore “innovative approaches” to meet anti-money laundering compliance obligations is the thrust of a joint statement issued Monday by the three federal banking regulators, the federal credit union regulator […]
Federal workers, including those at the federal financial institution regulatory agencies, will be excused from duty under an executive order issued by the president over the weekend, according to guidance issued by the White House […]
Memorial services spanning Tuesday through Thursday for former President George H.W. Bush, — who died Friday – are having ripple effects on events in the week ahead affecting federal financial regulators. The effects include a […]
A recent survey of senior financial officers at banks showed that the respondents – which held about two-thirds of total reserve balances at the time – were keeping reserves well above their lowest comfortable level, […]
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