Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Nearly four years after announcing its intention to launch a round-the-clock payment service, the Federal Reserve Thursday said the day had finally arrived: the FedNow Service, the 24-hour-a-day tool for providing faster payments, is finally […]
A $186 million fine against Deutsche Bank AG for failing to comply with eight-year-old sanctions related to anti-money laundering violations was announced Wednesday by the Federal Reserve. The Fed said the fine, issued under a […]
No release date for final rules reforming Community Reinvestment Act (CRA) compliance were announced in a speech Tuesday by the Federal Reserve’s top supervisor, who nevertheless did indicate the federal banking agencies are working hard […]
There were 109 fewer commercial banks at the end of last year compared to the end of 2021, the Federal Reserve said Friday in its 2022 annual report to Congress, with the lion’s share of […]
Describing banking conditions across as the nation as “mostly subdued,” the Federal Reserve released its July Beige Book Wednesday, which also described construction as slightly down. The Beige Book, a compilation of economic reports from […]
Three nominees to the Federal Reserve Board – including a new vice chair – were approved by the Senate Banking Committee Wednesday for consideration of confirmation by the full Senate. The committee approved the nomination […]
The failure of three, large regional banks in March and May were the products of those banks having insufficient capital, according to the Federal Reserve’s top supervisor, who outlined bank capital reform proposals in a […]
Banking firms in Texas and New York are facing enforcement actions by the Federal Reserve, the agency said Thursday. Herring Bancorp Inc. (HBI), of Amarillo, Texas, and Quontic Bank Acquisition Corp., of Astoria, N.Y., and […]
A final policy statement on commercial real estate loan accommodations and workouts, designed to reinforce and build on existing supervisory guidance, was released June 29 by federal banking and credit union regulators. The policy statement, […]
The need to strengthen supervision and regulation of banks of the size of the failed Silicon Valley Bank (SVB) was reiterated by the chief of the nation’s central bank in recent remarks before a financial […]
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