Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For immediate release April 15, 2013 The Federal Reserve Board (Board) and the Federal Deposit Insurance Corporation (FDIC) on Monday announced the release of additional guidance, clarification and direction for the first group of institutions filing their resolutions plans pursuant to the Dodd-Frank Act. These 11 institutions filed their initial resolution plans with the Federal Reserve Board and the FDIC in 2012.
Release Date: April 15, 2013 For immediate release The Federal Reserve Board on Monday invited comment on a proposal to establish an annual assessment of bank holding companies and savings and loan holding companies with $50 billion or greater in total consolidated assets and for nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve. The Dodd-Frank Wall Street Reform and Consumer Protection Act directs the Federal Reserve to collect assessments, fees, or other charges equal to the expenses the Board estimates are necessary and appropriate to carry out its supervisory and regulatory responsibilities for these large financial companies.
Chicago, IL- April 11, 2013 – Chicago has taken a stance against driving with hand held cellphones and passed a prohibitive law in 2005. Many surrounding states, 10 in total, have also passed similar laws .
Release Date: April 10, 2013 For release at 9:00 a.m. EDT The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 19-20, 2013.
Board of Governors of the Federal Reserve System Office of the Comptroller of the Currency For immediate release April 9, 2013 WASHINGTON–Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency and the Federal Reserve Board with 13 mortgage servicers. The agreement, which was reached earlier this year, provides $3.6 billion in cash payments to borrowers whose homes were in any stage of the foreclosure process in 2009 or 2010 and whose mortgages were serviced by one of the following companies, their affiliates, or subsidiaries: Aurora, Bank of America, Citibank, Goldman Sachs, HSBC, JPMorgan Chase, MetLife Bank, Morgan Stanley, PNC, Sovereign, SunTrust, U.S.
Release Date: April 5, 2013 For immediate release The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2014: January 28-29 (Tuesday-Wednesday) March 18-19 (Tuesday-Wednesday) April 29-30 (Tuesday-Wednesday) June 17-18 (Tuesday-Wednesday) July 29-30 (Tuesday-Wednesday) September 16-17 (Tuesday-Wednesday) October 28-29 (Tuesday-Wednesday) December 16-17 (Tuesday-Wednesday) January 27-28, 2015 (Tuesday-Wednesday) The Chairman’s quarterly news conferences will take place following the March, June, September, and December meetings.
Last Updated: 01/18/2013 CHICAGO – The Federal Reserve Bank of Chicago today announced four new members of its Community Depository Institution Advisory Council (CDIAC). Council members represent banks, thrifts and credit unions throughout the Seventh Federal Reserve District, which consists of most of Illinois, Indiana, Michigan and Wisconsin, as well as all of Iowa. The Council meets twice a year at the Chicago Fed to discuss community banking issues such as local economic conditions, the state of small business lending, current banking conditions and perspectives on regulatory matters. The following is a list of new CDIAC members: Craig M.
Federal Reserve Board finalizes standards for Fed-regulated banks engaged in certain types of foreign exchange transactions with retail customers
Release Date: April 4, 2013 For immediate release The Federal Reserve Board on Thursday announced the finalization of standards for banking organizations regulated by the Federal Reserve that engage in certain types of foreign exchange transactions with retail customers. The rule, issued pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, establishes requirements for risk disclosures to customers, recordkeeping, business conduct, and documentation for retail foreign exchange transactions.
BETTER BUSINESS BUREAU ® PRESS RELEASE FOR FURTHER INFORMATION CONTACT : Tom Joyce, Better Business Bureau of Chicago & Northern Illinois, 312.245.2643; email@example.com Tips to Deal with the After Effects of Flooding and Water Damage CHICAGO , IL – April 4, 2013 – Although May has beautiful flowers, one must first weather the stormy showers of April. The Better Business Bureau serving Chicago and Northern Illinois (BBB) advises both renters and homeowners to prepare for April showers so they are not caught off guard if they have to deal with water damage or flooding.
Release Date: April 4, 2013 For immediate release The Federal Reserve Board on Thursday announced the execution of the following enforcement action: HSH Nordbank AG (PDF) , Hamburg, Germany and HSH Nordbank AG, New York Branch, New York, New York Written Agreement dated March 25, 2013 Search of Federal Reserve enforcement actions . For media inquiries, call 202-452-2955.