The House Financial Services Committee is scheduled to hold a virtual hearing, “Monetary Policy and the State of the Economy.” (Federal Reserve Board Chair Jerome H. Powell is expected to testify,)
The Senate Banking Committee will meet remotely to conduct a hearing titled “The Semiannual Monetary Policy Report to the Congress.” The witness will be Federal Reserve Board Chair Jerome H. Powell.
The Federal Reserve’s monetary policy amid economic and financial system impacts of the coronavirus (COVID-19) pandemic will be discussed by Fed Chair Jerome H. (“Jay”) Powell June 16 and June 17 during Senate and House […]
An enforcement order from 2015 with State Street Corporation and its subsidiary State Street Bank and Trust Company (Boston) over Bank Secrecy Act (BSA) compliance issues was terminated May 29, the Federal Reserve Board said […]
All U.S. states will be able to have at least two cities or counties eligible to directly issue notes to the Federal Reserve’s Municipal Liquidity Facility (MLF), regardless of population, under changes expanding eligibility announced […]
State loan-to-deposit ratios for 2020 are now public, replacing last year’s ratios, to help to determine whether a bank may establish or buy a branch (or branches) without triggering prohibitions on doing so primarily for […]
A company resulting from a merger of other financial companies will be limited to no larger than about $2.1 trillion in resulting assets, the Federal Reserve indicated Friday as it released its annual aggregate consolidated […]
A February survey of senior financial officers of banks representing some 75% of total banking system reserves showed that respondents’ “lowest comfortable level of reserves” was $650 billion, largely unchanged from the previous survey, a […]
Nearly a month after they were finalized, a policy statement on credit losses accounting (under the current expected credit losses, or CECL, accounting standard) and guidance on credit risk review systems are both scheduled to […]
Prohibitions from future service in federally insured financial institutions and, in one case, an order of restitution for $111,196, are doled out in consent orders with former employees of banks in Alabama and Tennessee issued […]
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