Release Date: November 24, 2014
For release at 2:00 p.m. EST
The Federal Reserve Board on Monday released its first Semiannual Report on Banking Applications Activity, which provides aggregate information on proposals filed by banking organizations and reviewed by the Federal Reserve.
The report includes statistics on the number of proposals that have been approved, denied, and withdrawn, as well as general information about the length of time taken to process proposals. Additionally, it discusses common reasons that proposals have been withdrawn from consideration.
The report will be released twice each year for reporting periods ending June 30 and December 31. The next report, which will include information on the reporting period ending December 31, 2014, is expected to be released during the first half of 2015.
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