Federal Reserve

FRB News: Federal Reserve Board approves the initiation of an action to prohibit president and CEO and executive vice president of Farmers State Bank from participating in the banking industry

WASHINGTON – The Federal Reserve Board on Thursday announced the action listed below: Frank Smith, President and Chief Executive Officer Farmers State Bank, Pine Bluffs, Wyoming Notice of intent to prohibit from the banking industry, dated December 11, 2018 Mark Kiolbasa, Executive Vice President Farmers State Bank, Pine Bluffs, Wyoming Notice of intent to prohibit … Continue reading FRB News: Federal Reserve Board approves the initiation of an action to prohibit president and CEO and executive vice president of Farmers State Bank from participating in the banking industry

House Buyers of America’s Direct Approach is Untouchable

  CHANTILLY, VA./ DECEMBER 12, 2018 (STL.News) House Buyers of America (House Buyers) brings a consistent record of buying clients’ homes quickly and easily. Its direct approach allows homeowner clients to go from offer to closing in days, without the expense of a traditional real estate agent sale – in a process unhindered by the … Continue reading House Buyers of America’s Direct Approach is Untouchable

WASHINGTON | US wholesale prices rise 0.1 pct., a sign inflation in check

WASHINGTON— U.S. wholesale prices barely rose last month as a sharp decline in the cost of gas offset pricier freight trucking services and mobile phone plans. The Labor Department said Tuesday that the producer price index — which tracks cost changes before they reach the consumer — increased 0.1 percent in November from the previous … Continue reading WASHINGTON | US wholesale prices rise 0.1 pct., a sign inflation in check

Federal Reserve News: FRB announces approval of application by Cadence Bancorporation

WASHINGTON – The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Cadence Bancorporation, Houston, Texas, to acquire State Bank Financial Corporation (SBFC), Atlanta, Georgia, and thereby indirectly acquire SBFC’s subsidiary bank, State Bank and Trust Company, Macon, Georgia. PDF __ … Continue reading Federal Reserve News: FRB announces approval of application by Cadence Bancorporation

US stocks claw back from an early plunge on Fed report

U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market’s gains for the year. An early plunge briefly knocked more than 700 points off the Dow Jones Industrial Average as the arrest of a senior Chinese technology executive threatened to cause another flare-up … Continue reading US stocks claw back from an early plunge on Fed report

WASHINGTON | Fed survey cites rising concerns about trade tariffs

WASHINGTON— The Federal Reserve said Wednesday that the U.S. economy was growing in the fall, but there were concerns about higher tariffs from a widening trade war, rising interest rates and tight labor markets. In its latest report on economic conditions around the country, the Fed said that most of its 12 regions saw moderate … Continue reading WASHINGTON | Fed survey cites rising concerns about trade tariffs

Federal Reserve News: Agencies seek public comment on proposal to raise appraisal exemption threshold for residential real estate transactions

WASHINGTON – The three federal banking agencies announced they are seeking public comment on a proposal to raise the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000.  The appraisal threshold has remained unchanged since 1994, and the agencies believe an increase would provide burden relief without posing a threat to … Continue reading Federal Reserve News: Agencies seek public comment on proposal to raise appraisal exemption threshold for residential real estate transactions

Federal Reserve Board News: FRB offices, Washington, D.C. will be closed December 5, 2018, observance of the national day of mourning for former President George H.W. Bush

WASHINGTON – The Board of Governors of the Federal Reserve System’s offices in Washington, D.C., will be closed on Wednesday, December 5, 2018, in observance of the national day of mourning for former President George H.W. Bush. Chairman Powell’s appearance before the Joint Economic Committee has been postponed.  The Beige Book will still be published … Continue reading Federal Reserve Board News: FRB offices, Washington, D.C. will be closed December 5, 2018, observance of the national day of mourning for former President George H.W. Bush