The Federal Reserve today released 2018 financial statements—independently audited by KPMG—for the combined system, including the 12 Federal Reserve Banks and the Board of Governors.
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The nation’s financial system is “strong and resilient” overall, Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today.
A group of five senators — including Senate Banking Committee Chairman Mike Crapo (R-Idaho) — today wrote to the Government Accountability Office calling for a review of Federal Reserve guidance on large bank supervision.
The Federal Reserve on Friday issued its semiannual monetary policy report, just ahead of Fed Chairman Jerome Powell’s testimony before the Senate Banking Committee next week.
Outstanding household debt increased by 0.2 percent in the fourth quarter of 2018, rising by $32 billion to land at $13.54 trillion, the Federal Reserve Bank of New York reported today.
In a letter to the Consumer Financial Protection Bureau and the Federal Reserve today, ABA offered feedback on the Fed’s 2011 proposal regarding funds availability under Reg CC, which was reopened for comment in November.
The Federal Reserve and FDIC today issued an advisory on voluntary private education loan rehabilitation programs to alert banks to an amendment to the Fair Credit Reporting Act that was included in the S. 2155 regulatory reform law.
Federal Reserve Governor Michelle Bowman will join ABA President and CEO Rob Nichols for a conversation on the current state of community banking at ABA’s upcoming Conference for Community Bankers, Feb. 10-13 in San Diego.