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Items Tagged with 'Federal Reserve Board'

ARTICLES

Fed Board now required to have one community banker

Senate amendment reserves one seat for community banks
July 17, 2014
The amendment states, “In selecting members of the Board, the President shall appoint at least 1 member with demonstrated primary experience working in or supervising community banks having less than $10,000,000,000 in total assets.”
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Old National Bank merges with United Bank & Trust

Merged bank would become 98th largest bank in U.S.
July 14, 2014
Upon consummation of the merger, Old National would become the 98th largest depository organization in the United States, with consolidated assets of approximately $11.2 billion.
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Fischer sworn in as Fed vice chairman

Brainard and Powell also sworn in as Fed Governors
June 16, 2014
The Federal Reserve Board of Governors now has a vice chairman, a new member and one member who will be around for a second term.
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Stanley Fischer sworn in as Fed Governor

May 28, 2014
President Obama nominated Fischer on Jan. 13, 2014, and the United States Senate confirmed him as a Board member on May 21. Fischer was also nominated to serve as Vice Chair of the Fed Board. However, his confirmation for that position is still pending Senate approval.
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Bank CEO banned for buying condo with TARP money

Used $381,487 to buy himself a condo in Florida
April 17, 2014
According to the Federal Reserve Board, former bank CEO Darryl Woods took $381,487.45 of TARP funds to purchase a condo for himself in Fort Meyers, Fla.
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Now accepting applications for Fed Governor

Jeremy Stein steps down after two years
April 3, 2014
After two years of service, Jeremy Stein submitted his resignation as a member of the Board of Governors of the Federal Reserve System, returning to his teaching position in Harvard University’s department of economics.
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Yellen approved as Fed Chair with weak support

New chair faces uphill battle, questions on Fed's continuing shepherding
January 6, 2014
New Fed Chair Janet Yellen faces an uncertain economy and contentious partners in dealing with a weak economy and a tepid recovery.
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Fed Bank presidents clear the air

Charles Plosser sees need for rapid rate rise
January 3, 2014
The views of one Fed Bank president in particular made it through the business media’s echo chamber loud and clear on Friday, with Philadelphia Fed Bank CEO Charles Plosser suggesting a swift lifting of interest rates is needed.
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Regulators approve Volcker Rule after years of deliberation

Fed attorney: Smaller institutions will be protected
December 10, 2013
After years of discussion and many tweaks, prudential regulators signed off on the final Volcker Rule.
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HW 30 finishes the week off strong

November 15, 2013
After positive feedback from Fed chair nominee Janet Yellen and fairly positive economic data, the HW 30 finished the week off strong, rising 0.71% on Friday.
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