Tag Archives: federal reserve

Fed’s 2019 Fees Expected to Rise 2.5 Percent

The Federal Reserve System’s 2019 fee schedules for priced services that go into effect Jan. 1 are expected to be 2.5 percent higher on average than in 2018, and the system projects that it will recover 100.9 percent of its priced services costs, the Fed said Friday.

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Household Debt Continues Climb

Outstanding household debt increased by 1.6 percent in the third quarter of 2018, rising by $219 billion to land at $13.51 trillion, the Federal Reserve Bank of New York reported today.

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Regulators Issue Joint Statement on California Wildfires

As wildfires continue to affect communities in Southern California, federal and state regulatory agencies yesterday issued a joint statement reminding banks of supervisory expectations related to disaster recovery. Regulators encouraged banks to work constructively to meet the financial needs of their communities.

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Fed Finalizes Proposal Harmonizing Reg J, Reg CC

The Federal Reserve today finalized a proposal to harmonize Regulation J -- which governs the collection of checks or other items by Federal Reserve banks and funds transfers through Fedwire -- with Regulation CC, which implements the Expedited Funds Availability Act.

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Fed Approves ABA-Supported Changes to Reg CC

As part of its ongoing effort to update Regulation CC to reflect a payments system that is largely electronic, the Federal Reserve today approved changes to Reg CC’s liability provisions to address situations involving a dispute about whether portions of an electronic check have been altered or whether the item is a forgery.

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