Powell: Fed ‘Not Equipped’ to Service Individual Accounts
Federal Reserve Chairman Jerome Powell today said that his agency is “not equipped to service individual commercial and retail accounts” ...
Tag: Federal Reserve
Yellen Supports Stock Repurchases for Banks as Economic Conditions Improve
Treasury Secretary Janet Yellen today said that banks “should have some ability . . . to make returns to shareholders” ...
Fed Releases Audited Financial Statements
The Federal Reserve today released 2020 financial statements—independently audited by KPMG—for the combined system, including the 12 Federal Reserve Banks ...
GOP Senators Caution Fed on Climate Risk Regulations for Banks
A group of Republican senators this week cautioned Federal Reserve Chairman Jerome Powell that using financial regulation and supervision to ...
Fed Maintains Interest Rates Near Zero
The Federal Reserve will continue to keep its target range for the federal funds rate at zero to 0.25% as ...
Fed to Extend Paycheck Protection Program Liquidity Facility
The Federal Reserve will extend its Paycheck Protection Program Liquidity Facility until June 30, 2021, the agency announced today.
Fed Clarifies Guidance on MDIs
The Federal Reserve today clarified its guidance on how it defines minority depository institutions, and expanded its definition to include ...
Philly Fed Survey Finds 10% of Respondents Took COVID-19 Forbearance
More than 10% of respondents in a recent Federal Reserve Bank of Philadelphia survey said they had entered mortgage forbearance ...
Nichols Calls for Scrutiny of Chartering ‘Loopholes’ for Nontraditional Financial Firms
In an American Banker op-ed today, ABA President and CEO Rob Nichols urged the Federal Reserve to “take a very ...
Brainard: Banks’ COVID-19 Resilience Shows Importance of Strong Capital, Liquidity Buffers
In remarks at a virtual industry event today, Fed Governor Lael Brainard commented on the strong performance of the banking ...
