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What's up
  • [ February 27, 2026 ] New bank for investment firm Edward Jones wins federal insurance for Utah industrial charter FDIC
  • [ February 27, 2026 ] OCC: Final rule clarifies national trust banks may engage in non-fiduciary activities OCC
  • [ February 27, 2026 ] Former tellers prohibited following scheme to launder illicit drug proceeds through bank’s vault FDIC
  • [ February 27, 2026 ] NCUA bars 5 former credit union employees from future FI service NCUA
  • [ February 27, 2026 ] FDIC, OCC release Q2, Q3 CRA evaluation schedules FDIC
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financial statements

The Fed

Fed releases audited 2024 financial statements covering board, banks, more

March 21, 2025 0

Financial statements for 2024 about the Federal Reserve System – covering the 12 Federal Reserve Banks, the agency board, and one limited liability company (LLC) (consolidated with the Boston bank) – were released Friday by the […]

CFPB

GAO gives CFPB clean audit opinion for fiscal 2021, 2020 financial statements

November 15, 2021 0

The financial statements of the Consumer Financial Protection Bureau (CFPB) for fiscal years ending 2021 and 2020 were given an unmodified (or “clean”) audit opinion by the Government Accountability Office (GAO), according to a report […]

The Fed

Fed banks earned $88.6 billion in 2020, outpacing 2019 by $33.1 billion

March 22, 2021 0

The 12 Federal Reserve Banks earned some $88.6 billion in 2020, up $33.1 billion from 2019 and helped by a $27.1 billion decrease in expense for interest paid on depository institution reserve balances, the Federal […]

CFPB

Bureau gets green light on its financial statements, reporting from GAO

November 16, 2020 0

Financial statements were reliable and controls over financial reporting were effective in 2020 for the federal consumer financial protection agency, according to a report issued Monday by the congressional watchdog. In its annual review of […]

CFPB

Federal Reserve Banks’ assets hit $4.2 trillion in 2019, central bank reports; transfers to CFPB totaled $519 million

March 23, 2020 0

Combined assets for the 12 Federal Reserve Banks grew $116 billion to a total of $4.2 trillion in the year ending Dec. 31, 2019, with total earnings at $55.5 billion, down $7.6 million from the […]

The Fed

Fed’s 2017 financial statements show funding for consumer bureau, board and bank financials

March 23, 2018 0

The 2017 financial statements of the Federal Reserve Board of Governors (Fed) and the 12 Federal Reserve Banks received unqualified (clean) audit opinions, the Fed said in releasing the statements Friday. Unqualified opinions were also […]

Today

  • New bank for investment firm Edward Jones wins federal insurance for Utah industrial charter

    February 27, 2026 0
    An investment firm with more than $2.2 trillion in assets under management has been awarded deposit insurance for a new industrial bank it has chartered in Salt Lake City, the federal bank deposit insurance agency said Friday. According to the [...]
  • OCC: Final rule clarifies national trust banks may engage in non-fiduciary activities

    February 27, 2026 0
    A final rule that aligns regulatory language with related language in underlying statute clarifies that national trust banks may engage in non-fiduciary activities, the national bank regulator announced in a bulletin Friday. The final rule, effective April 1, was issued [...]
  • Former tellers prohibited following scheme to launder illicit drug proceeds through bank’s vault

    February 27, 2026 0
    Two Indiana bankers – who both worked for the same bank in Covington, Ind. – were prohibited from further work in a financial institution after pleading guilty to laundering more than $1.6 million of illicit drug sales proceeds, the federal [...]
  • NCUA bars 5 former credit union employees from future FI service

    February 27, 2026 0
    Five former employees of credit unions are permanently barred from future service in any federally insured depository institution under one consent order and four notices of prohibition announced Friday. The release by the National Credit Union Administration (NCUA) said the [...]
  • FDIC, OCC release Q2, Q3 CRA evaluation schedules

    February 27, 2026 0
    Nearly 400 banks are slated for evaluations under the anti-redlining Community Reinvestment Act (CRA) over the following two calendar quarters, according to schedules released Friday. Both the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the [...]
  • OCC issues GENIUS proposal of its own, catching up with other regulators

    February 26, 2026 0
    Months after another federal banking regulator – and the federal credit union regulator — issued a proposal to implement new laws allowing banks to issue stablecoins through subsidiaries, the national bank regulator has now done the same, it said late [...]
  • FinCEN solicits nominations to BSA advisory panel

    February 25, 2026 0
    Treasury’s financial crimes enforcement arm is seeking nominations of eligible organizations – including smaller financial institutions subject to the Bank Secrecy Act (BSA) and entities that can share insights on BSA framework modernization and implementation of the GENIUS Act – [...]

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