Steven Sloan

Federal Reserve Board Chairman Ben Bernanke's nomination to lead the central bank for another four years will be considered by the Senate Banking Committee on Dec. 3, Sen. Chris Dodd, the panel's chairman, said Friday.

Ron Paul wins award for legislative tenacity; things get awkward at Bank of America hearing; The Onion asks the "man on the street" about overdraft protection.

The financial crisis has demonstrated the need for a strong relationship between monetary policy and bank regulation, a top Federal Reserve official said Tuesday.

Noting "continued improvement in financial market conditions," the Federal Reserve Board said Tuesday that it would reduce the maximum maturity of loans through the discount window to 28 days, down from 90 days.

At a congressional hearing Tuesday probing Bank of America Corp.'s deal for Merrill Lynch & Co. Inc., one question loomed: who will succeed Ken Lewis at the helm of the Charlotte giant?

With Fannie Mae and Freddie Mac still in conservatorship, Rep. Darrell Issa, the top Republican member on the House Oversight and Government Reform Committee, pressed the White House on Monday to appoint an inspector general for the Federal Housing Finance Agency.

WASHINGTON — While the Federal Reserve Board is busy fending off threats to its supervision powers, regulatory reform legislation offered by Senate Banking Committee Chairman Chris Dodd will force a fight over something far more fundamental: the independence of the central bank.

Battle between Federal Reserve Board and Bloomberg News to go public?; Colbert Report defends bankers; handling United Commercial failure a global affair; and more.

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The Federal Reserve Board released an overdraft rule Thursday that would force banks to get customers' permission before enrolling them in such programs — but it did little to satisfy lawmakers who want to go even further.

In a blow to the industry, the Federal Reserve Board aligned itself with congressional leaders Thursday by finalizing a rule that would force banks to get their customers permission before they enroll them in overdraft protection programs.

WASHINGTON — Top Federal Reserve officials threw their support Tuesday behind "living wills" to be drawn up by large, complex financial companies but said the idea needs improving upon.

WASHINGTON — Federal Home Loan Bank presidents sought on Tuesday to downplay a possible systemwide impact from a Federal Housing Finance Agency decision to bar the Seattle bank from redeeming stock.

WASHINGTON — The industry's exposure to troubled commercial real estate loans — the subject of much conjecture as banks attempt a rebound from the financial crisis — became much clearer Monday.

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Lending through the Federal Reserve Board's discount window grew less than 1% over the past week, to almost $110 billion.

The Federal Reserve Board's policymaking committee said Wednesday that its purchases of debt from the government-sponsored enterprises will top out at $175 billion.

As the Federal Home Loan Bank of Seattle works to dig out of the current financial turmoil, the bank and its regulator must also contend with the aftermath of past crises.

Despite changes by the Financial Accounting Standards Board in March that were expected to stem fallout caused by other-than-temporary impairment charges at the Federal Home Loan banks, the system is continuing to suffer massive losses on its portfolio holdings.

The 12 Federal Home Loan banks posted a net loss of $165 million during the third quarter, the system's Office of Finance said Friday.