Federal Reserve Board

Federal Reserve Board News: FRB issues enforcement action with former Frost Bank employee, Raysol Villalobos

WASHINGTON – Jan. 31, 2019 – The Federal Reserve Board (FRB) on Thursday announced the execution of the enforcement action listed below: Consent Prohibition and Cease-and-Desist Order against Raysol Villalobos, a former employee of Frost Bank, San Antonio, Texas. PDF SOURCE: news provided by FEDERALRESERVE.GOV

Federal Reserve Board News: FRB appoints Stacey M. Tevlin as director of the Division of Research and Statistics

WASHINGTON – Jan. 26, 2019  – The Federal Reserve Board (FRB) on Friday announced the appointment of Stacey M. Tevlin as director of the Division of Research and Statistics, effective February 4. Tevlin, currently an associate director of the division, will succeed David W. Wilcox, who recently retired as director of the division after 30 … Continue reading Federal Reserve Board News: FRB appoints Stacey M. Tevlin as director of the Division of Research and Statistics

Federal Reserve Board News: FRB announces approval of proposals by Equity Bank

WASHINGTON – Jan. 23, 2019 – The Federal Reserve Board (FRB) on Wednesday announced its approval of the proposals under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by Equity Bank, Andover, Kansas, to acquire certain assets and assume certain liabilities of MidFirst Bank, Oklahoma City, Oklahoma, and … Continue reading Federal Reserve Board News: FRB announces approval of proposals by Equity Bank

Federal Reserve News: FRB announces approval of application by First Busey Corporation

WASHINGTON – Jan. 12, 2019 – The Federal Reserve Board (FRB) on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Busey Corporation, Champaign, Illinois, to acquire The Banc Ed Corp., and thereby indirectly acquire Ed Corp’s subsidiary bank, The Bank of Edwardsville, both of Edwardsville, … Continue reading Federal Reserve News: FRB announces approval of application by First Busey Corporation

FRB News: Federal Reserve Board announces appointment of the chairs and deputy chairs of the Federal Reserve Banks for 2019

WASHINGTON – Jan. 9, 2019 – The Federal Reserve Board on Wednesday announced the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2019. Each Reserve Bank has a nine-member board of directors.  The Board of Governors in Washington appoints three of these directors and each year designates one of … Continue reading FRB News: Federal Reserve Board announces appointment of the chairs and deputy chairs of the Federal Reserve Banks for 2019

Federal Reserve Board News: FRB invites public comment

Federal Reserve Board invites public comment on proposal that would modify company-run stress testing requirements to conform with Economic Growth, Regulatory Relief, and Consumer Protection Act WASHINGTON – Jan. 8, 2019 – Today, the Federal Reserve Board released the following statement: The Federal Reserve Board on Tuesday invited public comment on a proposal that would … Continue reading Federal Reserve Board News: FRB invites public comment

FRB News: Federal Reserve Board issues enforcement action with Commercial State Bank

WASHINGTON – Jan. 8, 2019 – The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Commercial State Bank, Andrews, Texas Cease and Desist Order dated December 26, 2018 PDF-FRB JAN 19 SOURCE: news provided by Federal Reserve website

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