Federal Reserve Board

Federal Reserve News: Federal Reserve Board announces approval of application by Lloyds Bank Corporate Markets plc

WASHINGTON – The Federal Reserve Board on Monday announced its approval of the application by Lloyds Bank Corporate Markets plc, London, England, to establish a branch in New York, New York. Attached is the Board’s order (PDF) relating to this action. _____ SOURCE: news provided by FEDERALRESERVE.GOV on July 9, 2018

Federal Reserve Board News: FRB announces termination of enforcement action with Amboy Bancorporation, Amboy Bank

WASHINGTON – The Federal Reserve Board released the following statement: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Amboy Bancorporation and Amboy Bank, both of Old Bridge, New Jersey. Written Agreement dated June 29, 2009 (PDF) _____ SOURCE: news provided by FEDERALRESERVE.GOV

FRB News: Federal Reserve Board issues enforcement actions with former employee of East Cambridge Savings Bank, former employee of SmartBank

WASHINGTON – The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below: Consent Order of Prohibition against Vasken Papazian, a former employee of East Cambridge Savings Bank, Cambridge, Massachusetts, for embezzling money from a bank customer. Consent Order of Prohibition against Connie Clabo, a former employee of SmartBank, Pigeon Forge, … Continue reading FRB News: Federal Reserve Board issues enforcement actions with former employee of East Cambridge Savings Bank, former employee of SmartBank

National Financial News: Federal Reserve Board releases results of supervisory bank stress tests

WASHINGTON – The nation’s largest bank holding companies are strongly capitalized and would be able to lend to households and businesses during a severe global recession, according to the results of supervisory stress tests released Thursday by the Federal Reserve Board. The most severe hypothetical scenario projects $578 billion in total losses for the 35 participating … Continue reading National Financial News: Federal Reserve Board releases results of supervisory bank stress tests

Federal Reserve Board requests public comment on proposal to amend Regulation A

WASHINGTON, DC/December 4, 2017 (STL.News) The Federal Reserve Board on Monday requested public comment on a proposal to amend its Regulation A, which governs extensions of credit by Federal Reserve Banks, to make certain technical adjustments including to reflect the expiration of the Term Asset Backed Securities Loan Facility (TALF) program. The proposed amendments would … Continue reading Federal Reserve Board requests public comment on proposal to amend Regulation A

Federal Reserve Board issues consent order against Peoples Bank

Today the Federal Reserve Board issued a Consent Order against Peoples Bank in Lawrence, Kansas for deceptive residential mortgage origination practices WASHINGTON, DC/November 28, 2017 (STL.News) The Federal Reserve Board on Tuesday issued a Consent Order against Peoples Bank (“Peoples”), Lawrence, Kansas, for deceptive residential mortgage origination practices in violation of section 5 of the … Continue reading Federal Reserve Board issues consent order against Peoples Bank

Stocks dip, dollar and bond yields rise after Fed rate hike

NEW YORK (AP)(STL.News) — Stocks fell Wednesday after the Federal Reserve raised interest rates on the back of a strengthening job market and surprised investors by increasing its forecast for rate hikes next year. The dollar and bond yields rose sharply. Utilities, real-estate investment trusts and other high-dividend stocks at risk of defection by income … Continue reading Stocks dip, dollar and bond yields rise after Fed rate hike

The Latest: Stocks ending lower after Fed rate hike

WASHINGTON (AP)(STL.News) — The Latest on the Federal Reserve’s monetary policy meeting (all times local): ___ 4:00 p.m. Stocks are ending lower after the Federal Reserve raised a key interest rate as expected. But it also increased its forecast for how many rate hikes it expected to make in 2017, which wasn’t widely anticipated. The … Continue reading The Latest: Stocks ending lower after Fed rate hike