Final Enforcement Decisions issued by the Board of Governors Jennifer J. Johnson In the Matter of a Notice to Prohibit Further Participation Against Kenneth L. Coleman, Former Employee, PNC Bank, Pittsburgh, Pennsylvania and Mellon Bank, N.A., Pittsburgh, Pennsylvania Docket No. OCC-AA-EC-04-43 Final Decision This is an administrative proceeding pursuant to the Federal Deposit Insurance Act […]
Category: Federal Reserve Bulletin
Appointments of new members and designation of the chair and vice chair of the consumer advisory council – Announcements The Federal Reserve Board named ten new members to its Consumer Advisory Council for three-year terms and designated a new chair and vice chair of the council for 2003. The council advises the Board on the […]
Private mortgage insurance – includes related articles on information disclosed by private insurance companies and on claims through private mortgage insurance Glenn B. Canner Before extending a mortgage, lenders typically require borrowers to make a sizable down payment to reduce both the risk of default on the loan and the amount they stand to lose […]
Comment requested on proposal to discontinue FRB services for definitive municipal securities The Federal Reserve Board on October 14, 2004, requested comment on a proposal for the Federal Reserve Banks to stop providing services to depository institutions for the collection of definitive municipal securities at the end of 2005. The proposal to exit this service […]
Statement by Richard Spillenkothen – Federal Reserve System Banking Supervision and Regulation Director Richard Spillenkothen – Statements to the Congress Thank you for the opportunity to discuss the, Federal Reserve’s efforts to increase the focus of examiners and other supervisory personnel on the risk management procedures of banking organizations. The subject of “risk management” has […]
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Proposed Action
Proposed Action The Federal Reserve Board on February 3, 2000, voted to request comment on a new regulation implementing the privacy provisions of the Gramm-Leach-Bliley Act. Regulation P (Privacy of Consumer Financial Information) would apply to institutions regulated by the Board, including bank holding companies, financial holding companies, state-chartered banks that are members of the […]
Statement by Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System, before the Commerce, Consumer, and Monetary Affairs Subcommittee of the Committee on Government Operations, U.S. House of Representatives, August 10, 1994 – Statement to the Congress – Transcript I thank the committee for this opportunity to reflect on some broader aspects of […]
Statement by Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, July 26, 1996 – addressing General Accounting Office audit of Federal Reserve operations – Statements to the Congress – Transcript I appreciate this opportunity to appear before the Banking Committee today […]
Statement by J. Alfred Broaddus, Jr., President, Federal Reserve Bank of Richmond, before the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives, October 19, 1993 – Statements to the Congress – Transcript I am pleased to be here today to discuss the procedures that the Federal Open Market Committee (FOMC) follows in […]
Publication of Spanish-language consumer brochures – Announcements – Brief Article The Federal Reserve Board on July 1, 2003, announced the publication of Spanish-language versions of two popular consumer brochures, in both print and electronic formats. Guia para el consumidor sobre hipotecas a tasa ajustable (ARM) (Consumer Handbook on Adjustable Rate Mortgages) provides an overview of […]