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2023 Press Releases

Agencies release annual asset-size thresholds under Community Reinvestment Act regulations

Banking and Consumer Regulatory Policy

Federal Reserve Board issues enforcement action with Marblehead Bancorp and Marblehead Bank

Enforcement Actions

Federal Reserve Board announces the appointment of seven members, including four new members, to its Insurance Policy Advisory Committee (IPAC)

Other Announcements

Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances

Other Announcements

Minutes of the Board's discount rate meetings from October 23 through November 1, 2023

Monetary Policy

Federal Reserve Board announces termination of enforcement action with Hazard Bancorp and Peoples Bank and Trust Company of Hazard

Enforcement Actions

Federal Reserve Board announces annual indexing of reserve requirement exemption amount and low reserve tranche for 2024

Banking and Consumer Regulatory Policy

Agencies extend comment period on proposed rule to require large banks to maintain long-term debt

Banking and Consumer Regulatory Policy

Federal Reserve Board announces approval of application by NB Bancorp, Inc.

Orders on Banking Applications

Minutes of the Federal Open Market Committee, October 31-November 1, 2023

Monetary Policy

Federal Reserve Board issues enforcement action with former employee of Arvest Bank

Enforcement Actions

Federal Reserve announces College Fed Challenge winners

Other Announcements

Federal Reserve Board announces pricing, effective January 2, 2024, for payment services the Federal Reserve Banks provide to banks and credit unions, such as the clearing of checks, ACH transactions, and wholesale payment settlement services

Banking and Consumer Regulatory Policy

Federal Reserve Board announces approval of application by Linkbancorp, Inc

Orders on Banking Applications

Agencies announce dollar thresholds for applicability of truth in lending and consumer leasing rules for consumer credit and lease transactions

Banking and Consumer Regulatory Policy

Agencies announce dollar thresholds for smaller loan exemption from appraisal requirements for higher-priced mortgage loans

Banking and Consumer Regulatory Policy

Federal Reserve Board announces termination of enforcement action with Citigroup Inc.

Enforcement Actions

Federal Reserve Board requests comment on a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction

Banking and Consumer Regulatory Policy

Agencies issue principles for climate-related financial risk management for large financial institutions

Banking and Consumer Regulatory Policy

Agencies issue final rule to strengthen and modernize Community Reinvestment Act regulations

Banking and Consumer Regulatory Policy

Federal Reserve Board launches data collection to gather more information from the banks affected by the large bank capital proposal it announced earlier this year

Banking and Consumer Regulatory Policy

Agencies extend comment period on proposed rules to strengthen large bank capital requirements

Banking and Consumer Regulatory Policy

Federal Reserve Board issues enforcement action and fines Metropolitan Commercial Bank approximately $14.5 million for violations of customer identification rules and for deficient third-party risk management practices

Enforcement Actions

Minutes of the Board's discount rate meetings from August 21 and September 20, 2023

Monetary Policy

Minutes of the Federal Open Market Committee, September 19-20, 2023

Monetary Policy

Federal Reserve Board finalizes a rule establishing capital requirements for insurers supervised by the Board

Banking and Consumer Regulatory Policy

Federal Reserve Board announces minutes of the October 31-November 1 meeting of the Federal Open Market Committee will be released at 2:00 p.m. EST on Tuesday, November 21

Monetary Policy

Federal Reserve Board issues enforcement action with One American Financial Corporation

Enforcement Actions

Federal Reserve Board launches Instagram and Threads accounts with the aim of increasing the accessibility and availability of Board news and educational content

Other Announcements

Federal Reserve Board issues enforcement action with former employee of VisionBank of Iowa

Enforcement Actions

Agencies extend favorable Community Reinvestment Act consideration of revitalization activities in certain disaster areas affected by Hurricane Maria

Banking and Consumer Regulatory Policy

Lisa D. Cook sworn in for her second term as a member of the Board of Governors of the Federal Reserve System

Other Announcements

Philip N. Jefferson sworn in as Vice Chair of the Board of Governors of the Federal Reserve System

Other Announcements

Adriana D. Kugler sworn in as a member of the Board of Governors of the Federal Reserve System

Other Announcements

Federal Reserve Board announces approval of application by R. Dean Phillips Bank Trust Dated 11-19-2004, and its subsidiary, HNB Bancorp, Inc.

Orders on Banking Applications

Federal Reserve Board issues enforcement action with Gardner Bancshares, Inc. and Small Business Bank

Enforcement Actions

Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by Hurricane Idalia

Other Announcements

Agencies propose guidance to enhance resolution planning at large banks

Banking and Consumer Regulatory Policy

Agencies request comment on proposed rule to require large banks to maintain long-term debt to improve financial stability and resolution

Banking and Consumer Regulatory Policy

Federal Reserve Board announces termination of enforcement action with HSBC Holdings PLC and HSBC North America Holdings Inc.

Enforcement Actions

Federal Reserve Board announces approval of application by Comerica Bank

Orders on Banking Applications

Minutes of the Board's discount rate meetings from July 17 and July 26, 2023

Monetary Policy

Federal Reserve Board issues enforcement action and fines Regions Bank approximately $2.95 million for unsafe and unsound practices in its flood insurance compliance program and for flood insurance regulatory violations

Enforcement Actions

Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by the Hawaii Wildfires

Other Announcements

Federal Reserve Board issues enforcement action with Farmington State Bank, and its holding company, FBH Corporation

Enforcement Actions

Minutes of the Federal Open Market Committee, July 25-26, 2023

Monetary Policy

Federal Reserve Board provides additional information on its program to supervise novel activities in the banks it oversees

Banking and Consumer Regulatory Policy

Federal Reserve Board announces it is seeking individuals with a diverse set of expert insurance perspectives in life, property and casualty, and reinsurance issues to serve on its Insurance Policy Advisory Committee (IPAC)

Other Announcements

Jeffrey R. Schmid named tenth president and CEO of the Kansas City Fed

Other Announcements

Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances

Other Announcements

Agencies update guidance on liquidity risks and contingency planning

Banking and Consumer Regulatory Policy

Federal Reserve Board announces the individual capital requirements for all large banks, effective on October 1

Banking and Consumer Regulatory Policy

Agencies request comment on proposed rules to strengthen capital requirements for large banks

Banking and Consumer Regulatory Policy

Federal Reserve Board announces a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023

Enforcement Actions

Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live

Other Announcements

Federal Reserve Board announces two enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates

Enforcement Actions

Chair Powell to host town hall with educators

Other Announcements

Minutes of the Board's discount rate meetings from May 22 through June 14, 2023

Monetary Policy

Federal Reserve Board announces termination of enforcement action with Capital One Financial Corporation

Enforcement Actions

Federal Reserve Board issues enforcement actions with Herring Bancorp, Inc., Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp.

Enforcement Actions

Minutes of the Federal Open Market Committee, June 13-14, 2023

Monetary Policy

Federal Reserve Board issues enforcement action with Lake Shore MHC and Lake Shore Bancorp Inc.

Enforcement Actions

Agencies finalize policy statement on commercial real estate loan accommodations and workouts

Banking and Consumer Regulatory Policy

Federal Reserve names organizations certified as ready for FedNow® Service

Other Announcements

Federal Reserve Board releases results of annual bank stress test, which demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a severe recession

Banking and Consumer Regulatory Policy

Federal Reserve Board announces approval of application by Vantage Bank Texas

Orders on Banking Applications

Federal Reserve Board announces approval of application by Banco de Reservas de la República Dominicana

Orders on Banking Applications

Agencies release list of distressed or underserved nonmetropolitan middle-income geographies

Banking and Consumer Regulatory Policy

Federal Open Market Committee announces tentative meeting schedule for 2024

Monetary Policy

Federal Reserve Board announces termination of enforcement actions with Commerzbank AG, Frankfurt am Main and Commerzbank AG New York Branch

Enforcement Actions

Federal Reserve Board publishes a database of financial institutions with access to, or requests to access, Federal Reserve Bank master accounts and services

Other Announcements

Federal Reserve Board issues enforcement action with AgCom Holdings, Inc.

Enforcement Actions

Federal Reserve Board announces that results from its annual bank stress tests will be released on Wednesday, June 28, at 4:30 p.m. EDT

Banking and Consumer Regulatory Policy

Agencies propose interagency guidance on reconsiderations of value for residential real estate valuations

Banking and Consumer Regulatory Policy

Agencies issue final guidance on third-party risk management

Banking and Consumer Regulatory Policy

Agencies request comment on quality control standards for automated valuation models proposed rule

Banking and Consumer Regulatory Policy

Federal Reserve Board announces consent order against Silvergate Capital Corporation and Silvergate Bank to facilitate the voluntary self-liquidation that Silvergate announced on March 8, 2023

Enforcement Actions

Minutes of the Board's discount rate meetings from April 10 through May 3, 2023

Monetary Policy

Minutes of the Federal Open Market Committee, May 2-3, 2023

Monetary Policy

Federal Reserve Board announces termination of enforcement action with The Bank of Nova Scotia and Bank of Nova Scotia New York Agency

Enforcement Actions

Federal Reserve Board issues Economic Well-Being of U.S. Households in 2022 report

Other Announcements

Agencies issue host state loan-to-deposit ratios

Banking and Consumer Regulatory Policy

Federal Reserve Board issues enforcement action with former employee of Ally Bank

Enforcement Actions

Federal Reserve Board announces termination of enforcement action with NongHyup Bank

Enforcement Actions

Federal Reserve Board issues enforcement action with Perry County Bancorp Inc. and Du Quoin State Bank

Enforcement Actions

Federal Reserve Board announces the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr

Banking and Consumer Regulatory Policy

Federal Reserve Board announces that the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr, will be released on Friday, April 28, at 11:00 a.m. ET

Banking and Consumer Regulatory Policy

Federal Reserve Board announces termination of enforcement action with Orient Bancorporation and Bank of the Orient

Enforcement Actions

Federal Reserve issues initial findings from its 2022 triennial payments study

Other Announcements

Minutes of the Board's discount rate meetings from February 21 through March 22, 2023

Monetary Policy

Federal Reserve Board announces its approval for UBS Group AG to acquire the U.S. subsidiaries of Credit Suisse Group AG

Orders on Banking Applications

Minutes of the Federal Open Market Committee, March 21-22, 2023

Monetary Policy

Federal Reserve Board accepting applications for its Community Advisory Council

Other Announcements

Federal Reserve Board fines Wells Fargo $67.8 million for inadequate oversight of sanctions risk at its subsidiary bank

Enforcement Actions

Federal Reserve Board releases annual audited financial statements

Other Announcements

Federal Reserve Board publishes its order denying the application by Custodia Bank, Inc., to be supervised by the Federal Reserve

Orders on Banking Applications

Coordinated central bank action to enhance the provision of U.S. dollar liquidity

Monetary Policy

Statement by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell

Other Announcements

Federal Reserve announces July launch for the FedNow Service

Other Announcements

Federal Reserve Board announces that Vice Chair for Supervision Michael S. Barr is leading a review of the supervision and regulation of Silicon Valley Bank, in light of its failure

Banking and Consumer Regulatory Policy

Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors

Monetary Policy

Joint Statement by Treasury, Federal Reserve, and FDIC

Monetary Policy

Federal Reserve announces members of its Community Depository Institutions Advisory Council (CDIAC) for 2023

Other Announcements

Federal Reserve Board announces termination of enforcement action with Atlantic Community Bankers Bank

Enforcement Actions

Federal Reserve Board announces termination of enforcement action with FMB Bancshares, Inc.

Enforcement Actions

Minutes of the Board's discount rate meetings from January 23 and February 1, 2023

Monetary Policy

Federal Reserve Board announces four new members of its Community Advisory Council

Other Announcements

Agencies issue 2022 Shared National Credit Program review

Banking and Consumer Regulatory Policy

Federal Reserve Board announces it has denied the request by Custodia Bank, Inc., for reconsideration of the Board's decision last month on its application to be supervised by the Federal Reserve

Orders on Banking Applications

Agencies issue joint statement on liquidity risks resulting from crypto-asset market vulnerabilities

Banking and Consumer Regulatory Policy

Minutes of the Federal Open Market Committee, January 31–February 1, 2023

Monetary Policy

Federal Reserve Board issues enforcement action with Riverbend Financial Corporation

Enforcement Actions

Lael Brainard submits resignation as Vice Chair and a member of the Federal Reserve Board, effective on or around February 20, 2023

Other Announcements

Federal Reserve Board releases hypothetical scenarios for its 2023 bank stress tests

Banking and Consumer Regulatory Policy

Federal Reserve Board announces appointment of Joshua Gallin as secretary of the Federal Open Market Committee

Other Announcements

Federal Reserve Board issues policy statement to promote a level playing field for all banks with a federal supervisor, regardless of deposit insurance status

Banking and Consumer Regulatory Policy

Federal Reserve Board announces denial of application by Custodia Bank, Inc. to become a member of the Federal Reserve System

Orders on Banking Applications

Federal Reserve Board announces it has fined Popular Bank $2.3 million for processing six Paycheck Protection Program (PPP) loans despite having detected that the loan applications contained significant indications of potential fraud

Enforcement Actions

Chair Powell tested positive for COVID-19, is vaccinated, has mild symptoms, and is working remotely

Other Announcements

Federal Reserve Board announces approval of application by Bank of Montreal and BMO Financial Corp.

Orders on Banking Applications

Federal Reserve Board provides additional details on how its pilot climate scenario analysis exercise will be conducted and the information on risk management practices that will be gathered over the course of the exercise

Other Announcements

Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances

Other Announcements

Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2022

Other Announcements

Minutes of the Board's discount rate meetings on November 14 through December 14, 2022

Monetary Policy

Federal Reserve Board announces the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2023

Other Announcements

Federal Reserve Board issues enforcement actions with former employee of Regional Acceptance Corporation and former employee of Central Savings Bank

Enforcement Actions

Minutes of the Federal Open Market Committee, December 13-14, 2022

Monetary Policy

Agencies issue joint statement on crypto-asset risks to banking organizations

Banking and Consumer Regulatory Policy

Last Update: December 20, 2023