An exemption threshold amount for appraisals on mortgages will increase to loans of $26,000 or less (from $25,500 or less), according to a final rule to be published by two federal banking regulators and the […]
The very effectiveness in setting monetary policy depends on the public’s assured confidence that the Federal Reserve Board acts only in the public interest, the outgoing chairman of the central bank’s board said Tuesday in […]
Changes to the Federal Reserve’s role in setting monetary policy – by restricting the central bank’s investment powers, tweaking the board’s approach to the economy, and making the Federal Reserve system more “public” – were […]
Demand for commercial and industrial (C&I), residential real estate, and commercial real estate (CRE) loans weakened in the three-month period of August-October, even though many lending standards on many of those loans were either eased […]
Randal K. “Randy” Quarles officially became the Federal Reserve Board’s first vice chairman for supervision after being sworn in Monday by Chairman Janet Yellen. Quarles, 60, joined the board Oct. 13 about a week following […]
Flexibility to provide rehabilitation financing in communities with depressed home values offered in August guidance for national banks and federal savings associations is making “real differences in communities that need reinvestment most,” the acting comptroller […]
Eight banks earned “outstanding” ratings for compliance with Community Reinvestment Act (CRA) requirements, and two banks earned “needs to improve” ratings, the Federal Deposit Insurance Corp. (FDIC) reported Friday. Another 64 banks received “satisfactory” ratings […]
The first $16 million in net transaction accounts will be exempt from Federal Reserve Board reserve requirements, up from $15.5 million in 2017 – an increase of about 3.2% — the Fed announced last week, […]
Additional revisions to streamline financial institution call reports – by removing or consolidating data items, and adding new, or higher, existing reporting thresholds – is being proposed by the three federal banking agencies. According to […]
In nominating Jerome H. “Jay” Powell to be chairman of the Federal Reserve Board, President Donald Trump has selected a candidate who has said – repeatedly and recently – that the mission and structure of […]
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