Category: Business » Banking

PRATES: Change to the Publication of Interest Rates on Reserve Balances

17 Feb 07:14 | Business

Effective February 23, 2017, the Federal Reserve Board will publish on each business day at 4:30 p.m., Eastern Time, the interest rates on reserve balances applicable for the next business day. The interest rates on reserve balances, which include the interest rates on required and excess balances, are determined by the Board and officially announced in the most recent Implementation Note. The associated data are made available on the Federal Reserve Board's website on the "Interest on Required Balances and Excess Balances" page and in the Policy Rates Data Download Program.read more »

Federal Reserve to offer seven-day term deposits on February 23

16 Feb 11:34 | Business

Federal Reserve to offer seven-day term deposits on February 23read more »

Federal Reserve Board announces termination of enforcement action with West Tennessee Bancshares and Bank of Bartlett

16 Feb 11:34 | Business

Federal Reserve Board announces termination of enforcement action with West Tennessee Bancshares and Bank of Bartlettread more »

G17: G.17 Data for January 2017 are now available

16 Feb 06:42 | Business

Industrial production and capacity utilization data for January 2017 are now available.Industrial production decreased 0.3 percent in January following a 0.6 percent increase in December. In January, manufacturing output moved up 0.2 percent, and mining output jumped 2.8 percent. The index for utilities fell 5.7 percent, largely because unseasonably warm weather reduced the demand for heating. At 104.6 percent of its 2012 average, total industrial production in January was at about the same level as it was a year earlier. Capacity utilization for the industrial sector fell 0.3 percentage point in January to 75.3 percent, a rate that is 4.6 percentage points below its long-run (1972-2016) average.read more »

G17: G.17 Preliminary Estimates of Industry Capacity

16 Feb 06:42 | Business

The data in the February 15, 2017 release include preliminary estimates of industrial capacity for 2017. Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 1.3 percent this year after increasing 0.4 percent in 2016. Manufacturing capacity is expected to advance 1.1 percent in 2017, somewhat faster than the 0.7 percent pace in 2016. Capacity in the mining sector is estimated to rise 0.9 percent in 2017 after falling 3.4 percent in 2016. Capacity at electric and natural gas utilities is projected to increase 0.8 percent, about the same rate as in the three previous years.read more »

Daniel K. Tarullo submits resignation as a member of the Board of Governors, effective on or around April 5, 2017

10 Feb 19:04 | Business

Daniel K. Tarullo submits resignation as a member of the Board of Governors, effective on or around April 5, 2017read more »

Federal Reserve Board issues revised macroeconomic scenarios for its 2017 stress testing program to correct a data series error

10 Feb 19:04 | Business

Federal Reserve Board issues revised macroeconomic scenarios for its 2017 stress testing program to correct a data series errorread more »

Mortgage Rates Pull Back On Political Uncertainty

10 Feb 13:04 | Business

Mortgage rates shifted into reverse this week, with the benchmark 30-year fixed mortgage rate sliding to 4.27 percent, according to Bankrate.com's weekly national survey. read more »

Federal Reserve Board announces approval of application by Anchor Bancshares, Inc.

9 Feb 17:07 | Business

Federal Reserve Board announces approval of application by Anchor Bancshares, Inc.read more »

Federal Reserve Board announces termination of enforcement action with Raton Capital Corporation

9 Feb 17:07 | Business

Federal Reserve Board announces termination of enforcement action with Raton Capital Corporationread more »

Federal Reserve Board announces retirement of Scott G. Alvarez, general counsel

8 Feb 2017 | Business

Federal Reserve Board announces retirement of Scott G. Alvarez, general counselread more »

Federal Reserve Board announces approval of application by Central Bancompany, Inc.

8 Feb 2017 | Business

Federal Reserve Board announces approval of application by Central Bancompany, Inc.read more »

Federal Reserve Board announces approval of applications by Farmers Bank & Capital Trust Company

3 Feb 2017 | Business

Federal Reserve Board announces approval of applications by Farmers Bank & Capital Trust Companyread more »

Mortgage Rates Slightly Changed As Fed Holds Steady

3 Feb 2017 | Business

Mortgage rates were only slightly changed this week, with the benchmark 30-year fixed mortgage rate inching higher to 4.33 percent, according to Bankrate.com's weekly national survey. read more »

Federal Reserve Board releases scenarios for 2017 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises and issues instructions to firms participating in CCAR

3 Feb 2017 | Business

Federal Reserve Board releases scenarios for 2017 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises and issues instructions to firms participating in CCARread more »

Federal Reserve issues FOMC statement

1 Feb 2017 | Business

Federal Reserve issues FOMC statementread more »

Federal Reserve Board announces finalized stress testing rules removing noncomplex firms from qualitative aspect of CCAR effective for 2017

30 Jan 2017 | Business

Federal Reserve Board announces finalized stress testing rules removing noncomplex firms from qualitative aspect of CCAR effective for 2017read more »

Federal Reserve Board issues enforcement action with BB&T Corporation

27 Jan 2017 | Business

Federal Reserve Board issues enforcement action with BB&T Corporationread more »

Mortgage Rates Return To Highest Level In More Than 2 Years

27 Jan 2017 | Business

Mortgage rates reversed course this week, unwinding the decreases seen over the previous three weeks and returning to the levels seen in late December that are the highest since September 2014. read more »

H6: MONEY STOCK REVISIONS

26 Jan 2017 | Business

The Federal Reserve revised its measures of the money stock and their components to incorporate updated seasonal factors and a new quarterly benchmark. This release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2016 and estimated using the Census Bureau's X-13 ARIMA-SEATS seasonal adjustment program.[1] The updated seasonal factors resulted in minor revisions to the growth rates of seasonally adjusted M2 for individual months in 2016, slightly pushing up the growth rate for seasonally adjusted M2 in the first half of 2016 and pulling it down slightly in the second half of 2016. This release also includes a new quarterly benchmark, which incorporates minor revisions to data reported in the quarterly deposit reports and takes account of deposit data from Call Reports for banks and thrift institutions that are not weekly or quarterly deposit reporters.[2] These read more »

Federal Reserve Board issues enforcement action with NongHyup Bank

26 Jan 2017 | Business

Federal Reserve Board issues enforcement action with NongHyup Bankread more »

Federal Reserve issues progress report on efforts to improve the U.S. payment system

26 Jan 2017 | Business

Federal Reserve issues progress report on efforts to improve the U.S. payment systemread more »

Federal banking agencies fine ServiceLink Holdings $65 million

24 Jan 2017 | Business

Federal banking agencies fine ServiceLink Holdings $65 millionread more »

Federal Reserve Board announces finalized rule adjusting the Board's maximum civil money penalties

18 Jan 2017 | Business

Federal Reserve Board announces finalized rule adjusting the Board's maximum civil money penaltiesread more »

G17: G.17 Data for December 2016 are now available

18 Jan 2017 | Business

Industrial production and capacity utilization data for December 2016 are now available.Industrial production rose 0.8 percent in December after falling 0.7 percent in November. For the fourth quarter as a whole, the index slipped 0.6 percent at an annual rate. In December, manufacturing output moved up 0.2 percent and mining output was unchanged. The index for utilities jumped 6.6 percent, largely because of a return to more normal temperatures following unseasonably warm weather in November; the gain last month was the largest since December 1989. At 104.6 percent of its 2012 average, total industrial production in December was 0.5 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.6 percentage point in December to 75.5 percent, a rate that is 4.5 percentage points below its long-run (1972-2015) average.read more »

G17: G.17 Annual Revision 2017 Publication Date

18 Jan 2017 | Business

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 31, 2017. New annual benchmark data for 2015 for manufacturing will be incorporated, as will other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2016 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.read more »

Agencies extend comment period for advance notice of proposed rulemaking on enhanced cyber risk management standards

13 Jan 2017 | Business

Agencies extend comment period for advance notice of proposed rulemaking on enhanced cyber risk management standardsread more »

Federal Reserve Board announces approval of application by First Citizens BancShares, Inc.

11 Jan 2017 | Business

Federal Reserve Board announces approval of application by First Citizens BancShares, Inc.read more »

Federal Reserve Board announces termination of enforcement action with First Personal Financial Corp.

10 Jan 2017 | Business

Federal Reserve Board announces termination of enforcement action with First Personal Financial Corp.read more »

Minutes of the Board's discount rate meetings from November 14 through December 14, 2016

10 Jan 2017 | Business

Minutes of the Board's discount rate meetings from November 14 through December 14, 2016read more »

Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2016

10 Jan 2017 | Business

Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2016read more »

Bank of America Declares Preferred Dividends

9 Jan 2017 | Business

Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: ...

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Mortgage Rates Slide To Start 2017

6 Jan 2017 | Business

Mortgage rates started off 2017 much differently than they finished up 2016 as mortgage rates pulled back, breaking a streak of nine consecutive weekly increases. read more »

Minutes of the Federal Open Market Committee, December 13-14, 2016

4 Jan 2017 | Business

Minutes of the Federal Open Market Committee, December 13-14, 2016read more »

Federal Reserve Board permanently prohibits former foreign exchange (FX) trader from participating in banking industry because of actions to manipulate FX prices

4 Jan 2017 | Business

Federal Reserve Board permanently prohibits former foreign exchange (FX) trader from participating in banking industry because of actions to manipulate FX pricesread more »

Agencies release annual CRA asset-size threshold adjustments for small and intermediate small institutions

29 Dec 2016 | Business

Agencies release annual CRA asset-size threshold adjustments for small and intermediate small institutionsread more »

Federal Reserve Board and Federal Open Market Committee seek comment on rules to amend regulations under Freedom of Information Act

23 Dec 2016 | Business

Federal Reserve Board and Federal Open Market Committee seek comment on rules to amend regulations under Freedom of Information Actread more »

Federal Reserve payments study highlights strong trends in card use

22 Dec 2016 | Business

Federal Reserve payments study highlights strong trends in card useread more »

Federal Reserve Board announces termination of enforcement action with Cole Taylor Bank

22 Dec 2016 | Business

Federal Reserve Board announces termination of enforcement action with Cole Taylor Bankread more »

Z1: Enhanced Financial Accounts projects updated

22 Dec 2016 | Business

The most recent data are available online at https://www.federalreserve.gov/apps/fof/efa/enhanced-financial-accounts.htm. Quarterly frequency data for 2016:Q3 are now available for Syndicated Loan Portfolios of Financial Institutions and for the projects related to depository institutions: consolidated balance sheet, off-balance-sheet items, and consumer loan portfolios by probability of default. Monthly frequency data for October 2016 are now available for investment holdings of U.S. money market funds, and data for August 2016 are now available for country-level detail on international portfolio investment holdings of long-term securities. Daily and monthly frequency data on funding agreement-backed securities (FABS) are available through September 2016.read more »

Federal Reserve Board assesses $27 million civil money penalty against Banco Bilbao Vizcaya Argentaria, S.A., (BBVA) and its subsidiary, BBVA Securities, Inc.

21 Dec 2016 | Business

Federal Reserve Board assesses $27 million civil money penalty against Banco Bilbao Vizcaya Argentaria, S.A., (BBVA) and its subsidiary, BBVA Securities, Inc.read more »

Federal Reserve Board announces appointment of the chairs and deputy chairs of the Federal Reserve Banks for 2017

20 Dec 2016 | Business

Federal Reserve Board announces appointment of the chairs and deputy chairs of the Federal Reserve Banks for 2017read more »

Federal Reserve Board bars two former employees of Regions Bank from employment in banking industry following indictment for financial crimes

20 Dec 2016 | Business

Federal Reserve Board bars two former employees of Regions Bank from employment in banking industry following indictment for financial crimesread more »

Federal Reserve Board extends comment period to February 20, 2017, on proposed rule that would strengthen existing requirements and limitations on the physical commodity activities of financial holding companies

20 Dec 2016 | Business

Federal Reserve Board extends comment period to February 20, 2017, on proposed rule that would strengthen existing requirements and limitations on the physical commodity activities of financial holding companiesread more »

Federal Reserve Board issues enforcement action with Rock Bancshares, Inc. and Heartland Bank

20 Dec 2016 | Business

Federal Reserve Board issues enforcement action with Rock Bancshares, Inc. and Heartland Bankread more »

Bank of America to Sell U.K. Consumer Credit Card Business MBNA Ltd.

20 Dec 2016 | Business

Bank of America announced today that it has agreed to sell its consumer credit card business in the United Kingdom, MBNA Ltd., to Lloyds Banking Group.

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Federal Reserve Board approves rule requiring for the first time that large banking organizations publicly disclose certain quantitative liquidity risk metrics

19 Dec 2016 | Business

Federal Reserve Board approves rule requiring for the first time that large banking organizations publicly disclose certain quantitative liquidity risk metricsread more »

Federal Reserve Board report highlights findings of 2015 Survey of Young Workers

19 Dec 2016 | Business

Federal Reserve Board report highlights findings of 2015 Survey of Young Workersread more »

Federal Reserve Board requests public comment on proposed guidelines to evaluate requests for joint accounts at Federal Reserve Banks

19 Dec 2016 | Business

Federal Reserve Board requests public comment on proposed guidelines to evaluate requests for joint accounts at Federal Reserve Banksread more »

Federal Reserve Board announces approval of the application by Federation des caisses Desjardins du Quebec

16 Dec 2016 | Business

Federal Reserve Board announces approval of the application by Federation des caisses Desjardins du Quebecread more »

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