Last March, the Federal Reserve Bank of Cleveland FRB needed to fill 25 positions in a four-week period for an expanding operational department. At the FRB, it's necessary to go through an extensive background and reference check before being hired Last March, the Federal Reserve Bank...
The FRB proposed the adoption of an interpretation (the "FRB Interpretation") of the anti-tying restrictions of Section 106 of the Bank Holding Company Act ("Section 106") and issued related supervisory guidance clarifying (1) the scope and purposes of Se The FRB proposed the adoption of...
The Federal Reserve Board FRB plans to enforce economic policies that will reduce the rate of price inflation by 1% for 1996. The tightening of the country's monetary policy by the FRB has produced to the recession of the housing market during the earlyThe Federal Reserve Board FRB plans to...
The FRB requested public comment on certain proposed amendments to Regulation E ("Reg E"), which implements the Electronic Funds Transfer Act ("EFTA"), and to Reg E's official commentary. Among other things, the proposed revisions to Reg E would provide: The FRB requested public comment...
The FRB issued a final rule (the "Rule") that modifies Regulation Y to permit bank holding companies ("BHCs") to enter into derivative contracts that involve the taking and making delivery of title to, but not physical possession of, certain commodities o The FRB issued a...
Brazil: The FRB Fundacao Ruben Berta Participacoes holding will change Varig's management structure in order to manage the group's air transportation operations directly. Besides, the move will prepare theVarig group for a future capital increa Brazil: The FRB Fundacao Ruben Berta Participacoes...
Oak Valley Community Bank (OTCBB: OVYB) announced plans to establish a one-bank holding company called Oak Valley Bancorp. The Board of Directors of Oak Valley Community Bank, at their regular meeting on November 20, 2007, approved a resolution which allows the Bank to apply to the Federal Reserve Board...
CORONA, Calif. -- Vineyard National Bancorp (NASDAQGS:VNBC) (the "company") announced today that the Federal Reserve Bank of San Francisco ("FRB") has approved the company's request to change its designation from a bank holding company to a financial holding company. In addition to its current banking activities, the company will now...
The FRB published comprehensive final and proposed rules (the "Rules") regarding Sections 23A and 23B of the Federal Reserve Act ("Section 23A" and "Section 23B"). As is described below, Sections 23A and 23B govern most transactions between "banks" and th The FRB published comprehensive final...
The Federal Reserve Board FRB, has finally published its new rules amending Regulation B of the ECOA. These new rules are consistent with the FRB's policy of periodically reviewing and updating its regulations. While these new regulations became The Federal Reserve Board FRB,...
The Commodity Futures Trading Commission CFTC, in consultation with the SEC and the FRB, released a report on the over-the-counter markets, recommending the formation of an interagency council, composed of the CFTC, SEC and bank regulators. The council The Commodity Futures Trading Commission CFTC, in consultation with the SEC and...
How can a bank determine whether its actions or practices are unfair or deceptive? In response to questions raised by state-chartered banks, the Federal Reserve Board of Governors FRB and the Federal Deposit Insurance Corp. FDIC recently provided How can a bank determine whether its actions...
The Federal Reserve Board has approved amendments to its "Regulation CC". Scheduled to take effect on July 1, 2006. The rules define "remotely created checks" and create transfer and presentment warranties to shift liability for an unauthorized remotely created check to the institution where it is first deposited.
ALICE, Texas, June 10 /PRNewswire-FirstCall/ -- Forbes Energy Services Ltd. (TSX: FRB) announced today its rig and trucking hours for the month of April 2008.
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