Banking industry Press Releases

Published on August 29, 2022 - 19:37 GMT

Federal Reserve updates FedNow Service timing to mid-2023, marks beginning of full-scale pilot testing  

CHICAGO â€“ The Federal Reserve Banks have narrowed the timing of the FedNow Service launch to mid-year 2023, specifically targeting a production rollout of the service in the May to July timeframe. This further defines the previously communicated 2023 …

Distribution channels: Banking, Finance & Investment Industry

Published on August 23, 2022 - 19:26 GMT

Minutes of the Board's discount rate meetings on July 18 and July 27, 2022

August 23, 2022 Minutes of the Board's discount rate meetings on July 18 and July 27, 2022 For release at 2:00 p.m. EDT The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on July 18 and July 27, 2022. The minutes …

Distribution channels: Banking, Finance & Investment Industry

Published on August 17, 2022 - 18:23 GMT

Minutes of the Federal Open Market Committee, July 26–27, 2022

August 17, 2022 Minutes of the Federal Open Market Committee, July 26â€“27, 2022 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July …

Distribution channels: Banking, Finance & Investment Industry

Published on August 16, 2022 - 20:41 GMT

Federal Reserve Board announces it has fined EagleBank $9.5 million for violation of the Board's insider lending regulation and ...

August 16, 2022 Federal Reserve Board announces it has fined EagleBank $9.5 million for violation of the Board's insider lending regulation and has permanently barred its former CEO and chairman from the banking industry For release at 4:00 p.m. EDT …

Distribution channels: Banking, Finance & Investment Industry

Published on August 16, 2022 - 18:48 GMT

Federal Reserve Board provides additional information for banking organizations engaging or seeking to engage in crypto-asset-...

August 16, 2022 Federal Reserve Board provides additional information for banking organizations engaging or seeking to engage in crypto-asset-related activities For release at 2:30 p.m. EDT The Federal Reserve Board on Tuesday provided additional …

Distribution channels: Banking, Finance & Investment Industry

Published on August 15, 2022 - 19:24 GMT

Federal Reserve Board announces final guidelines that establish a transparent, risk-based, and consistent set of factors for ...

August 15, 2022 Federal Reserve Board announces final guidelines that establish a transparent, risk-based, and consistent set of factors for Reserve Banks to use in reviewing requests to access Federal Reserve accounts and payment services For release at 2 …

Distribution channels: Banking, Finance & Investment Industry

Published on July 28, 2022 - 22:50 GMT

FDIC and Federal Reserve Board issue letter demanding Voyager Digital cease and desist from making false or misleading ...

July 28, 2022 FDIC and Federal Reserve Board issue letter demanding Voyager Digital cease and desist from making false or misleading representations of deposit insurance status Board of Governors of the Federal Reserve System Federal Deposit Insurance …

Distribution channels: Banking, Finance & Investment Industry

Published on July 28, 2022 - 21:00 GMT

Federal Reserve Board approves discount rate action by the Boards of Directors of the Federal Reserve Banks of St. Louis and ...

July 28, 2022 Federal Reserve Board approves discount rate action by the Boards of Directors of the Federal Reserve Banks of St. Louis and Minneapolis For release at 3:30 p.m. EDT The Federal Reserve Board approved action on Thursday by the Boards of …

Distribution channels: Banking, Finance & Investment Industry

Published on July 28, 2022 - 15:53 GMT

Federal Reserve Board announces termination of enforcement action with United Bank of El Paso del Norte

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

Distribution channels: Banking, Finance & Investment Industry

Published on July 27, 2022 - 21:54 GMT

Federal Reserve Board approves discount rate action by the Board of Directors of the Federal Reserve Bank of Kansas City

July 27, 2022 Federal Reserve Board approves discount rate action by the Board of Directors of the Federal Reserve Bank of Kansas City For release at 5:00 p.m. EDT The Federal Reserve Board approved action on Wednesday by the Board of Directors of the …

Distribution channels: Banking, Finance & Investment Industry

Published on July 19, 2022 - 16:06 GMT

Michael S. Barr sworn in as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System

July 19, 2022 Michael S. Barr sworn in as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System For release at 11:15 a.m. EDT Michael S. Barr took the oath of office as Vice Chair for Supervision and a member of the Board of …

Distribution channels: Banking, Finance & Investment Industry

Published on July 19, 2022 - 14:19 GMT

Federal Reserve Board invites comment on proposal that provides default rules for certain contracts that use the LIBOR reference ...

July 19, 2022 Federal Reserve Board invites comment on proposal that provides default rules for certain contracts that use the LIBOR reference rate, which will be discontinued next year For release at 9:30 a.m. EDT The Federal Reserve Board on Tuesday …

Distribution channels: Banking, Finance & Investment Industry

Published on July 12, 2022 - 18:32 GMT

Minutes of the Board's discount rate meetings from May 16 through June 15, 2022

July 12, 2022 Minutes of the Board's discount rate meetings from May 16 through June 15, 2022 For release at 2:00 p.m. EDT The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from May 16 through June 15, 2022. The …

Distribution channels: Banking, Finance & Investment Industry

Published on July 7, 2022 - 16:17 GMT

Federal Reserve Board issues enforcement action with Easthampton Savings Bank

July 07, 2022 Federal Reserve Board issues enforcement action with Easthampton Savings Bank For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Easthampton Savings Bank, …

Distribution channels: Banking, Finance & Investment Industry

Published on July 6, 2022 - 18:59 GMT

Minutes of the Federal Open Market Committee, June 14-15, 2022

July 06, 2022 Minutes of the Federal Open Market Committee, June 14-15, 2022 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 14â€“ …

Distribution channels: Banking, Finance & Investment Industry

Published on July 1, 2022 - 20:34 GMT

Federal Reserve Board announces approval of application by Benchmark Community Bank

July 01, 2022 Federal Reserve Board announces approval of application by Benchmark Community Bank For release at 3:00 p.m. EDT The Federal Reserve Board on Friday announced its approval of the application by Benchmark Community Bank, Kenbridge, Virginia, …

Distribution channels: Banking, Finance & Investment Industry

Published on July 1, 2022 - 18:39 GMT

Federal Reserve and FDIC extend deadline for U.S. GSIB resolution plan feedback

July 01, 2022 Federal Reserve and FDIC extend deadline for U.S. GSIB resolution plan feedback Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal …

Distribution channels: Banking, Finance & Investment Industry

Published on June 27, 2022 - 17:41 GMT

Federal Reserve Board announces final timeline and implementation details for adoption of new Fedwire Funds Service message format

June 27, 2022 Federal Reserve Board announces final timeline and implementation details for adoption of new Fedwire Funds Service message format For release at 1:30 p.m. EDT The Federal Reserve Board on Monday announced the final timeline and …

Distribution channels: Banking, Finance & Investment Industry

Published on June 24, 2022 - 19:45 GMT

Federal Open Market Committee announces its tentative meeting schedule for 2023

June 24, 2022 Federal Open Market Committee announces its tentative meeting schedule for 2023 For release at 2:00 p.m. EDT The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2023: January 31-February 1 (Tuesday- …

Distribution channels: Banking, Finance & Investment Industry

Published on June 24, 2022 - 17:48 GMT

Federal Reserve Board issues enforcement action with former institution-affiliated party of Golden Pacific Bancorp, Inc.

June 24, 2022 Federal Reserve Board issues enforcement action with former institution-affiliated party of Golden Pacific Bancorp, Inc. For release at 1:30 p.m. EDT The Federal Reserve Board on Friday announced that it had prohibited Karl K. Klessig from …

Distribution channels: Banking, Finance & Investment Industry

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