Federal Reserve Board

FRB News: Federal Reserve Board approves final amendments to simplify Regulation J and to make it conform more closely with Regulation CC

WASHINGTON – The Federal Reserve Board on Thursday approved final amendments to simplify Regulation J (Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers through Fedwire) and to make it conform more closely with Regulation CC (Availability of Funds and Collection of Checks). The amendments align the rights and obligations of … Continue reading FRB News: Federal Reserve Board approves final amendments to simplify Regulation J and to make it conform more closely with Regulation CC

WASHINGTON | Senate confirms Kansas bank regulator Bowman for Fed board

WASHINGTON  — The Senate has confirmed Michelle Bowman, a Kansas banking regulator, as a member of the Federal Reserve board. Bowman was approved on a 64-34 vote to fill the spot on the seven-member board reserved for someone with community banking experience. With her confirmation, President Donald Trump has now filled three vacant seats on … Continue reading WASHINGTON | Senate confirms Kansas bank regulator Bowman for Fed board

FRB News: Federal Reserve Board announces termination of enforcement action with McHenry Bancorp, Inc.

WASHINGTON – The Federal Reserve Board released the following on FEDERALRESERVE.GOV today: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: McHenry Bancorp, Inc., McHenry, Illinois – Order to Cease and Desist, issued by the Office of Thrift Supervision dated March 26, 2010 (PDF) Terminated November 1, 2018

FRB News: Federal Reserve Board announces approval of application by Joint Stock Commercial Bank for Foreign Trade of Vietnam

WASHINGTON – The Federal Reserve Board published the following statement today at 11:00 am EDT: The Federal Reserve Board on Monday announced its approval of the application by Joint Stock Commercial Bank for Foreign Trade of Vietnam, Hanoi, Vietnam, to establish a representative office in New York, New York.  

FRB News: Federal Reserve Board approves action by the Boards of Directors of the Federal Reserve Bank of New York, Minneapolis

Federal Reserve Board approves increase in the discount rate WASHINGTON – The Federal Reserve Board has approved actions on Thursday by the Boards of Directors of the Federal Reserve Banks of New York and Minneapolis, increasing the discount rate (the primary credit rate) at the Banks from 2-1/2 percent to 2-3/4 percent, effective immediately. SOURCE: … Continue reading FRB News: Federal Reserve Board approves action by the Boards of Directors of the Federal Reserve Bank of New York, Minneapolis

Federal Reserve Board News: Federal Reserve Board announces approval of application by Compass Bank

WASHINGTON – The Federal Reserve Board on Tuesday announced its approval of the application under section 9 of the Federal Reserve Act by Compass Bank, Birmingham, Alabama, to establish a branch in Houston, Texas. Board’s order relating to this action: PDF SOURCE: news provided by FEDERALRESERVE.ORG on September 25, 2018

Federal Reserve Board News: FRB announces approval of application by HarborOne Mutual Bancshares and HarborOne Bancorp, Inc.

WASHINGTON – The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by HarborOne Mutual Bancshares and HarborOne Bancorp, Inc., both of Brockton, Massachusetts, to acquire Coastway Bancorp, Inc. (“Coastway”), and thereby indirectly acquire Coastway’s subsidiary bank, Coastway Community Bank, both of … Continue reading Federal Reserve Board News: FRB announces approval of application by HarborOne Mutual Bancshares and HarborOne Bancorp, Inc.