TALLAHASSEE, Fla. - (09/14/04) -- With the powerful Hurricane Ivanrapidly approaching the state, the Florida CU League said it hascollected almost $140,000 from credit union officials and employeesfor its Hurricane Relief Fund. The fund has made 82 grants of $500each to credit union volunteers and employees who suffered damagesduring the major storms of the past two weeks, hurricanes Charleyand Frances. League officials are also reminding all credit unionsto the west of this state's capital, where the latest storm isexpected to hit, of its emergency communications system, which hasbeen getting a workout in the past month as the two earlierhurricanes, struck different parts of the state.
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First Guaranty in Hammond Louisiana agreed to a consent order with federal and state regulators that's aimed at improving its credit quality.
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One of three Federal Open Market Committee members to vote for a higher federal funds rate last month, the Cleveland Fed president is undeterred by the labor force decline in July.
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The agency will give qualified new-bank applicants a contingent authorization within 120 days of applying, with an additional year after that to organize the bank before final green light.
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