Fed Proposes Revisions to Capital Assessments, Stress Testing Reports
The Federal Reserve has announced temporary revisions to its Form FR Y-14A/Q/M, the Capital Assessments and Stress Testing Reports.
Browsing: Federal reserve
Quarles: Post-2008 Reforms Aided Large Banks’ Pandemic Response
Regulatory reforms adopted by the world’s largest banks have bolstered the financial system’s ability to absorb the sudden economic shocks of the coronavirus pandemic, Federal Reserve Vice Chairman for Supervision Randal Quarles, who also chairs the Financial Stability Board, said in a speech today.
Fed: Main Street Lending Program Is Fully Operational
The Federal Reserve announced that its Main Street Lending Program is fully operational as of today.
FOMC Members: Economic Outlook Remains Extraordinarily Uncertain
As the coronavirus pandemic continues in the U.S., there remain “an extraordinary amount of uncertainty and considerable risks to the economic outlook,” according to members of the Federal Reserve’s Federal Open Market Committee.
Fed Launches Task Force to Address Coin Shortages During Pandemic
The Federal Reserve announced today that it is forming a task force to address the issue of low coin inventories during the coronavirus pandemic—an issue that several ABA members have raised in recent days.
ABA Flags Issues Around Fed’s Reg D Changes
The American Bankers Association today expressed support for the Federal Reserve’s removal of the six-per-month limit on transfers or withdrawals from savings deposit accounts under Regulation D while also raising concerns about the blurring of distinctions between such accounts and transaction accounts.
Have Virtual Currencies Virtually Arrived?
As bitcoin and other private digital currencies gain wider acceptance, is a “central bank digital currency” on the way soon?
Quarles: Large Bank Stress Tests to Assess Industry Performance Under COVID-19 Scenarios
The latest stress test results for the nation’s largest banks will include a “sensitivity analysis” of how institutions would perform under three distinct scenarios related to the coronavirus pandemic and economic recovery, Federal Reserve Vice Chairman for Supervision Randal Quarles said today.
Fed Publishes New Standardized Framework for Understanding Payments Fraud
The Federal Reserve today published a new framework that banks and other payment providers can use to classify and understand payments fraud.
Powell Discusses Coronavirus Recovery, Effect on LMI Communities
Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that he expects the U.S. economy to have a “full recovery” in the long run following the coronavirus pandemic.