Joint Statement by the Department of the Treasury, Federal Reserve, FDIC and OCC Regarding First Republic Bank

The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, FDIC Chairman Martin J. Gruenberg, and Acting Comptroller of the Currency Michael J. Hsu: Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support […]

Federal Reserve: Review of the Supervision and Regulation of Silicon Valley Bank Underway in Light of Its Failure

Federal Reserve Board Announces that Vice Chair for Supervision Michael S. Barr is Leading the Review The Federal Reserve Board on Monday announced 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. The […]

Federal Reserve: Additional Funding Announced for Eligible Depository Institutions to Help Assure Banks Have the Ability to Meet the Needs of All Depositors

To support American businesses and households, the Federal Reserve Board on Sunday announced 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. This action will bolster the capacity of the banking system to safeguard […]

Federal Reserve: Community Depository Institutions Advisory Council Members for 2023 Announced

he Federal Reserve Board on Thursday announced the members of its Community Depository Institutions Advisory Council, or CDIAC, and the president and vice president of the council for 2023. The CDIAC advises the Board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are […]

Federal Reserve: 2024 National Interagency Community Reinvestment Conference Announced

Monday, March 4 – Thursday, March 7, 2024Oregon Convention CenterPortland, Oregon Save the date! The next National Interagency Community Reinvestment Conference (NICRC) is coming to Portland, Oregon on March 4, 2024. As the premier conference for community development, our program will offer insights, emerging ideas, and best practices in community […]

CFPB: New Advisory Committee Member Appointments Announced

The Consumer Financial Protection Bureau (CFPB) announced today the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the CFPB with establishing a Consumer Advisory Board to provide […]

Federal Reserve: Four New Members of Community Advisory Council Announced

The Federal Reserve Board on Friday announced four new members of its Community Advisory Council (CAC). The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests. CAC members provide information, advice, and recommendations to the Board on relevant policy […]

Agencies Issue 2022 Shared National Credit Program Review

The federal bank regulatory agencies today reported in the 2022 Shared National Credit (SNC) report that credit quality associated with large syndicated bank loans improved in 2022, but  noted the results do not fully reflect increasing interest rates and softening economic conditions that began to impact borrowers in the second […]