Federal Reserve: Scope Broadened for Post-Employment Restrictions for FRB Senior Examiners and Officers
The Federal Reserve Board on Friday announced it is broadening the scope of post-employment restrictions applicable to Federal Reserve Bank senior examiners and officers. By law, senior bank examiners are prohibited for one year from accepting paid work from a financial institution that they had primary responsibility for examining in their last year of Reserve…
Interagency: OCC, FDIC & Federal Reserve Issue Study on Banking Activities and Investments
Agencies Issue Study on Banking Activities and Investments The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today released a report to the Congress and the Financial Stability Oversight Council on the activities and investments that banking entities may engage in under applicable law. Section 620…
Federal Reserve: Facebook Page Launched
The Federal Reserve Board launched a Facebook page on Thursday with the aim of increasing the accessibility and availability of Federal Reserve Board news and educational content. Posts will include press releases, speeches, testimony, reports, educational materials, frequently asked questions, photos, and videos. With the launch of its Facebook page, the Board now shares information on five…
Interagency Guidance: 2015 Small Business, Small Farm and Community Lending Data Available
The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities — the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency — announced today the availability of data on small business, small…
Federal Reserve: Community Depository Institutions Advisory Council Members for 2017 Announced
The Federal Reserve Board on Tuesday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2017. CDIAC advises the Board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from representatives of commercial banks, thrift…
Regulated Financial Institutions to Submit Self-Assessments of Diversity Policies and Practices
The federal banking agencies today provided information on how the financial institutions they regulate may begin to submit self-assessments of their diversity policies and practices as of year-end 2015, and issued Frequently Asked Questions (FAQs) about the process. Financial institutions are strongly encouraged to disclose on their websites their diversity policies and practices, as well…