Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
The hardwired fallback language for syndicated and bilateral business loans that reference U.S. dollar (USD) London Interbank Offered Rate (LIBOR) has been supplemented by the Federal Reserve committee for establishing alternative reference rates, the committee […]
A former head teller of Texas Community Bank (Laredo, Texas) is prohibited from future work in any federally insured depository institution under a consent order announced Thursday by the Federal Reserve Board. The consent order, […]
A group developing an alternative interest rate reference tool “will not be in a position” to recommend a forward-looking rate by the middle of this year, the group said Tuesday, adding it also encourages market […]
Two new committees will focus on the impact of climate change on financial stability, a Federal Reserve Board governor said Tuesday, as the agency finds it “increasingly clear” that climate change could have “important implications” […]
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 […]
“There is no scenario” in which a popular interest rate reference tool, scheduled to be phased out beginning at the start of next year, will continue past June 2023, “and nobody should expect it to,” […]
Progress away from use of a popular interest rate reference tool will need to “materially accelerate” for the market to be adequately prepared to use a new reference tool, according to a report issued Monday […]
An interim final rule to support a Treasury program making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) is slated to publish in the Federal Register and to go into effect […]
A “pattern or practice of violations” of rules implementing the National Flood Insurance Act resulted in a $105,000 civil money penalty assessment against Bryn Mawr Trust Company (Bryn Mawr, Pa.) by the Federal Reserve Board, […]
The temporary change to the supplementary leverage ratio (SLR) for bank holding companies will be allowed to expire as scheduled at month’s end, federal banking agencies said Friday; however, measures to adjust the SLR will […]
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