Federal Reserve Vice Chairman for Supervision Randal Quarles today outlined several actions the agency is considering to increase the transparency of its supervisory activities and ensure due process for supervised institutions, acknowledging that the Fed has not “communicated as clearly as it should” with banks under its supervision.
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Federal Reserve Governor Michelle Bowman will deliver a keynote address at ABA’s Conference for Community Bankers—to be held Feb. 9-12 in Orlando, Florida.
Minority-owned businesses were more likely to report financial challenges compared to white-owned businesses, according to a study released today by the Federal Reserve Bank of Atlanta.
The Federal Reserve today announced the members of its 2020 Community Depository Institutions Advisory Council, which includes several ABA member bankers.
The Federal Reserve System paid $54.9 billion out of its annual net income to the U.S. Treasury in 2019, according to figures released today.
A strong labor market, moderate GDP growth and inflation below 2% factored into the Federal Open Market Committee’s decision at its latest meeting to maintain the federal funds rate in a target range of 1.5-1.75%, according to minutes released today.
The Federal Reserve and FDIC today determined that the nation’s eight largest banks did not have deficiencies in their most recent resolution plans, which detail how they would be resolved in the event of failure.
The Federal Reserve today made an annual inflation adjustment to the asset threshold in Regulation I that determines the dividend rate that certain member banks earn on Federal Reserve Bank stock, as required by the 2015 transportation spending bill.
While the Federal Reserve is unlikely to join the highly anticipated notice of proposed rulemaking to revise the Community Investment Act, Fed Vice Chairman for Supervision Randal Quarles today signaled that the final rulemaking could involve all three agencies.
Federal Reserve bank liquidity rules may have contributed to this fall’s repo market volatility, which in turn caused the Fed to resume open market activities, Fed Vice Chairman for Supervision Randal Quarles told the House Financial Services Committee today.