Tag Archives: federal reserve

Fed Proposes Changes to Harmonize Reg J, Reg CC

The Federal Reserve today proposed amendments 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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ABA Calls on Fed to Align FFIEC Call Report, Holding Company Reports

In a comment letter to the Federal Reserve yesterday, the American Bankers Association expressed support for the Federal Reserve’s ongoing effort to better align the reports that bank holding companies, savings and loan holding companies, U.S. intermediate holding companies and securities holding companies are required to file with the FFIEC Call Report.

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Quarles Anticipates Gradual Rate Hikes Will Continue

Touting the strength of the U.S. economy, which he noted was “in the best shape that it has been since the crisis,” Federal Reserve Vice Chairman for Supervision Randal Quarles today signaled that the Fed will continue gradually increasing the target federal funds rate in the months ahead.

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