Category: Business » Banking

Agencies issue temporary exceptions to appraisal requirements in areas affected by severe storms and flooding related to Hurricanes Harvey, Irma, and Maria

3:00 pm Eastern | Business

Agencies issue temporary exceptions to appraisal requirements in areas affected by severe storms and flooding related to Hurricanes Harvey, Irma, and Mariaread more »

Minutes of the Board's discount rate meetings from August 28 and September 20, 2017

2:00 pm Eastern | Business

Minutes of the Board's discount rate meetings from August 28 and September 20, 2017read more »

Bank of America Merrill Lynch Announces CashPro® Assistant

17 Oct 09:04 | Business

Bank of America Merrill Lynch today launched CashPro® Assistant, which uses artificial intelligence and predictive analytic capabilities to help commercial and corporate clients easily access and analyze their banking information. CashPro Assistant delivers a differentiated experience for all CashPro clients.

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BofA Merrill Helps Clients Reduce Costs With Multicurrency Netting

16 Oct 09:05 | Business

Bank of America Merrill Lynch, a leader in global transaction services, is pleased to announce that it has expanded its payments capabilities with the launch of Multicurrency Netting. The new solution centralizes inter-company payments, enabling large companies that operate across multiple borders to reduce both the number of payments and the total value of payments made between companies that regularly invoice one another.

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Randal K. Quarles takes oath of office as member of the Board of Governors of the Federal Reserve System and Vice Chair for Supervision

13 Oct 15:45 | Business

Randal K. Quarles takes oath of office as member of the Board of Governors of the Federal Reserve System and Vice Chair for Supervisionread more »

U.S. Faster Payments Governance Framework Formation Team announced

13 Oct 11:00 | Business

U.S. Faster Payments Governance Framework Formation Team announcedread more »

Bank of America Reports Third-Quarter 2017 Financial Results

13 Oct 07:14 | Business

Bank of America reported its third-quarter 2017 financial results today. read more »

G17: FEDS Note Released: Natural Disasters and the Measurement of Industrial Production - Hurricane Harvey, a Case Study

13 Oct 00:34 | Business

The FEDS Note describes the process that Federal Reserve staff used to measure the effects of Hurricane Harvey on the Industrial Production statistics.]>2017-10-12T14:00:00-04:00enFRBend=9999-12-31T00:00:00-05:00FEDS Note Released: Natural Disasters and the Measurement of Industrial Production - Hurricane Harvey, a Case Study2017-10-12T14:00:00-04:00G17PRATES: Policy Rates historical data correctionhttp://www.federalreserve.gov/feeds/DataDownload.html#1939On read more »

Federal Reserve Board announces termination of enforcement action with Citizens First State Bank of Walnut

12 Oct 11:00 | Business

Federal Reserve Board announces termination of enforcement action with Citizens First State Bank of Walnutread more »

Federal Reserve to offer seven-day term deposits on October 19

12 Oct 10:00 | Business

Federal Reserve to offer seven-day term deposits on October 19read more »

Minutes of the Federal Open Market Committee, September 19-20, 2017

11 Oct 14:00 | Business

Minutes of the Federal Open Market Committee, September 19-20, 2017read more »

Federal Reserve Board issues enforcement actions with Bank of Gueydan and Farmers State Bank

11 Oct 11:00 | Business

Federal Reserve Board issues enforcement actions with Bank of Gueydan and Farmers State Bankread more »

Application Period for the 2018 Bank of America Chicago Marathon Opens October 24, 2017

10 Oct 10:06 | Business

Today the Bank of America Chicago Marathon announced that it will start accepting runner applications for the 2018 event on Tuesday, October 24 at chicagomarathon.com.

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End the Owe Woe

10 Oct 09:04 | Business

People would rather trip and fall in public than ask a friend to pay read more »

Bank of America Declares Preferred Dividends

9 Oct 10:06 | 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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Federal Reserve Board announces approval of application by Columbia Banking System, Inc.

6 Oct 15:30 | Business

Federal Reserve Board announces approval of application by Columbia Banking System, Inc.read more »

Federal Reserve Board announces public comment period has been extended through November 30, 2017, on two related proposals; enhance effectiveness of boards of directors at banks and new rating system for large firms

5 Oct 2017 | Business

Federal Reserve Board announces public comment period has been extended through November 30, 2017, on two related proposals; enhance effectiveness of boards of directors at banks and new rating system for large firmsread more »

Federal Reserve Board announces termination of enforcement action with First Bancorp

5 Oct 2017 | Business

Federal Reserve Board announces termination of enforcement action with First Bancorpread more »

PRATES: Policy Rates historical data correction

4 Oct 2017 | Business

On October 3, 2017, a historical DDP file was posted with some incorrect IORR and IOER rates. IORR and IOER rates from January 26, 2017, to March 15, 2017, should have been 0.75 percent rather than 1.00 percent. IORR and IOER rates from April 27, 2017, to June 14, 2017, should have been 1.00 percent rather than 1.25 percent.read more »

John Kerry Named Chairman of Bank of America Global Advisory Council

4 Oct 2017 | Business

October 4, 2017, 6:09 pm EDT John Kerry Named Chairman of Bank of America Global Advisory Councilread more »

Z1: Enhanced Financial Accounts projects updated

2 Oct 2017 | Business

The most recent data are available online at https://www.federalreserve.gov/apps/fof/efa/enhanced-financial-accounts.htm. Monthly frequency data through August 2017 for investment holdings of U.S. money market funds are now available.read more »

Z1: Enhanced Financial Accounts projects updated

29 Sep 2017 | Business

The most recent data are available online at https://www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm. Quarterly frequency data for 2017:Q2 are now available for the projects related to depository institutions: consolidated balance sheet, off-balance-sheet items, and consumer loan portfolios by probability of default. Monthly and quarterly frequency data on the equity issuance and retirement activity of domestic nonfinancial corporations are available through June 2017. Monthly frequency data for June 2017 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 June 2017.read more »

Federal Reserve Board approves application by the Bank of East Asia, Limited

29 Sep 2017 | Business

Federal Reserve Board approves application by the Bank of East Asia, Limitedread more »

Federal Reserve Board fines HSBC Holdings plc and HSBC North America Holdings Inc. $175 million for unsafe and unsound practices in FX trading

29 Sep 2017 | Business

Federal Reserve Board fines HSBC Holdings plc and HSBC North America Holdings Inc. $175 million for unsafe and unsound practices in FX tradingread more »

G20: Upcoming changes to the Finance Companies (G.20) release

28 Sep 2017 | Business

The Federal Reserve Board announced on September 07, 2017 the completion of the 2015 Census and Survey of Finance Companies. These data have been collected every five years to provide a comprehensive and accurate statistical snapshot of the financial information of the finance company industry. The statistical results of the 2015 surveys will be incorporated in the July Finance Company (G.20) statistical release that will be published on Friday, September 29th. In addition, the survey results were incorporated in the July Consumer Credit (G.19) and the second quarter Financial Accounts of the United States (Z.1) statistical releases.read more »

Agencies extend next resolution plan filing deadline for certain domestic and foreign banks

28 Sep 2017 | Business

Agencies extend next resolution plan filing deadline for certain domestic and foreign banksread more »

Agencies propose simplifying regulatory capital rules

27 Sep 2017 | Business

Agencies propose simplifying regulatory capital rulesread more »

Bank of America Chicago Marathon Brings More Than $282 Million to Chicago Economy

27 Sep 2017 | Business

The Bank of America Chicago Marathon continues to contribute toread more »

Bank of America CEO Brian Moynihan to Participate in Bank of America Merrill Lynch’s 22nd Annual Financials CEO Conference on September 27

22 Sep 2017 | Business

Bank of America Chief Executive Officer Brian Moynihan will participate in Bank of America Merrill Lynch’s 22nd Annual Financials CEO Conference in London on Wednesday, September 27 at 9 a.m. Eastern Time (2 p.m. London Time).

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Federal Reserve Board announces approval of application by PacWest Bancorp

21 Sep 2017 | Business

Federal Reserve Board announces approval of application by PacWest Bancorpread more »

Bank of America Scores 100 Percent on U.S. Business Leadership Network Disability Equality Index

21 Sep 2017 | Business

Bank of America been named as a leader in supporting people with disabilities. The company announced today that it scored 100 percent on the 2017 U.S. Business Leadership Network’s (USBLN) Disability Equality Index (DEI), an annual listing of companies that are leading the way in policies, practices and programs that are inclusive of people with disabilities.

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Z1: Z.1 release: 2017:Q2 data now available for the Financial Accounts of the United States

21 Sep 2017 | Business

This release incorporates several revisions, structural changes, and enhancements. Major changes are described in the "Release Highlights" section of the publication. These and other changes, such as code changes, are also described in the online Financial Accounts Guide (www.federalreserve.gov/apps/fof/). The file structure of the Z.1 release consists of a single Z.1 PDF, corresponding HTML tables, and a single set of compressed CSV files with accompanying data dictionary text files. Data are available for download through the Federal Reserve Data Download Program (DDP). Series that appear in published tables are available immediately. Underlying detail series are generally available for download within two business days of the Z.1 release. The next Z.1 release will be Thursday, December 7, 2017, at 12:00 noon.read more »

Federal Reserve Board announces termination of enforcement action with The First Bank of Baldwin

21 Sep 2017 | Business

Federal Reserve Board announces termination of enforcement action with The First Bank of Baldwinread more »

Federal Reserve issues FOMC statement

20 Sep 2017 | Business

Federal Reserve issues FOMC statementread more »

Federal Reserve Board and Federal Open Market Committee release economic projections from the September 19-20 FOMC meeting

20 Sep 2017 | Business

Federal Reserve Board and Federal Open Market Committee release economic projections from the September 19-20 FOMC meetingread more »

Olympians, NYC Champions Among Added Athletes to 2017 Bank of America Chicago Marathon Elite Field

20 Sep 2017 | Business

Today, the Bank of America Chicago Marathon announced changes to the elite field for the Oct. 8, 2017 race.

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Federal Reserve Board announces termination of enforcement action with AB&T Financial Corporation

19 Sep 2017 | Business

Federal Reserve Board announces termination of enforcement action with AB&T Financial Corporationread more »

U.S. Trust Survey Finds Entrepreneurs Take Charge of Their Future but Aren’t Prepared When Life Doesn’t Go According to Plan

19 Sep 2017 | Business

Business owners say the most compelling reason for owning a company is to take control of their own destiny, yet the fate of their business and financial security is left to chance by not anticipating potential disruptions at every stage, according to a new survey published today by U.S. Trust. The findings show that entrepreneurs worry most about business and personal risks that are within their control but surprisingly they neglect to address.

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Bank of America Declares Preferred Dividends

18 Sep 2017 | Business

Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on October 30 to shareholders of record as of October 1.

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Bank of America Introduces New Premium Rewards® Credit Card

18 Sep 2017 | Business

Bank of America today announced the launch of the Bank of America® Premium Rewards® credit card that provides customers with unlimited points that don’t expire, flexible rewards, and premium travel benefits.

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Report Details Economic Benefits of Bank of America’s $125 Billion Environmental Business Initiative

18 Sep 2017 | Business

Today, Bank of America released “Banking on a Low-Carbon Economy: The Economic Impacts of Bank of America’s $125read more »

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

15 Sep 2017 | Business

Industrial production and capacity utilization data for August 2017 are now available. Industrial production declined 0.9 percent in August following six consecutive monthly gains. Hurricane Harvey, which hit the Gulf Coast of Texas in late August, is estimated to have reduced the rate of change in total output by roughly 3/4 percentage point. The index for manufacturing decreased 0.3 percent; storm-related effects appear to have reduced the rate of change in factory output in August about 3/4 percentage point. The manufacturing industries with the largest estimated storm-related effects were petroleum refining, organic chemicals, and plastics materials and resins. A technical Q&A discussing the effect of Hurricane Harvey on industrial production for August will be published on the Board's website at read more »

CP: Revisions to Commercial Paper Outstanding

15 Sep 2017 | Business

On September 15, 2017, the Federal Reserve Board released revisions to the values of seasonally adjusted and not seasonally adjusted commercial paper outstanding levels based on updated issuer information. The revisions affect weekly and monthly outstanding data from April 2017 to September 2017 and include year-end outstanding and maturity distribution of outstanding commercial paper.read more »

Z1: Next Z.1 release date is Thursday September 21, 2017; at 12:00 noon

15 Sep 2017 | Business

A preview of changes to the upcoming September 21, 2017 Financial Accounts of the United States (Z.1) release is now available. Z.1 preview files include a single PDF, corresponding HTML tables, and single set of compressed CSV files with accompanying data dictionary text files available on the current Z.1 release page at https://www.federalreserve.gov/releases/Z1/Current/default.htm. Code changes and preliminary release highlights are available online in the Financial Accounts Guide at https://www.federalreserve.gov/apps/fof/.read more »

Federal Reserve Board issues enforcement action with First Nebraska Bank

14 Sep 2017 | Business

Federal Reserve Board issues enforcement action with First Nebraska Bankread more »

Defending Champions and Abbott World Marathon Majors Series X Winners Tatyana McFadden and Marcel Hug Lead Professional Wheelchair Field Featuring 24 Paralympians From 12 Countries

14 Sep 2017 | Business

Today, the Bank of America Chicago Marathon announced that 15-time world champion, four-time Paralympian and seven-time Chicago Marathon champion Tatyana McFadden (USA) and 20-time world champion medalist and four-time Paralympian Marcel Hug (SUI) will return to compete for the top spot on the podium at the 40th annual event.

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Federal Reserve Board announces approval of notice by The Toronto-Dominion Bank, TD Group US Holdings LLC, and TD Bank US Holding Company

13 Sep 2017 | Business

Federal Reserve Board announces approval of notice by The Toronto-Dominion Bank, TD Group US Holdings LLC, and TD Bank US Holding Companyread more »

Agencies to propose amending CRA regulations to conform to HMDA regulation changes, and remove references to the neighborhood stabilization program

13 Sep 2017 | Business

Agencies to propose amending CRA regulations to conform to HMDA regulation changes, and remove references to the neighborhood stabilization programread more »

Federal Reserve Board issues enforcement action with Markesan State Bank

12 Sep 2017 | Business

Federal Reserve Board issues enforcement action with Markesan State Bankread more »

Bank of America Shamrock Shuffle 8K Opens Registration

12 Sep 2017 | Business

Registration for the 2018 Bank of America Shamrock Shuffle 8K opens today at 10 a.m. Central Time at shamrockshuffle.com. Considered by many runners to be the start of the outdoor season, this popular road race offers an opportunity to continue the St. Patrick’s Day celebration in Chicago with a green-infused, fun 8K run featuring music and entertainment, as well as a two-mile walk through the heart of downtown.

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