Federal Reserve
Federal Reserve
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Potential central bank digital currencies would need to be integrated into existing payment systems alongside cash and other forms of money, Federal Reserve Chair Jerome Powell said.
March 18 -
The Federal Reserve will determine within days whether to extend the easing of the supplementary leverage ratio for big banks past March 31, Chairman Jerome Powell says. And it's a couple of weeks away from announcing whether there will be limits on second-quarter dividends and buybacks, he says.
March 17 -
The Ohio Democrat and chairman of the Senate Banking Committee told a virtual gathering of the American Bankers Association that FedAccounts, a plan opposed by industry trade groups, will lead to more bank customers.
March 17 - LIBOR
“Supervised firms that are not making adequate progress in transitioning away from Libor could create safety and soundness risks for themselves and for the financial system,” a Fed division director said.
March 10 -
Some nominees poised to take their agencies in a new direction appear headed for Senate confirmation while an intraparty squabble has delayed the administration’s choice to lead the Office of the Comptroller of the Currency. Here’s the roster update.
March 9 -
Comerica, Regions and KeyCorp executives say their companies will proceed with caution despite the green light from the Federal Reserve to buy back stock in case they have to cover a surge in loan growth as the economy recovers.
March 9 -
The comments by Federal Deposit Insurance Corp. Chair Jelena McWilliams published in Politico reinforce optimism that the banking agencies could settle years of disagreement about modernizing the Community Reinvestment Act.
March 8 -
Nonbanks had worried the end of the Paycheck Protection Program Liquidity Facility would hurt their ability to lend to small businesses. On Monday, the Federal Reserve announced the facility would be extended for three months.
March 8 -
The industry wants regulators to extend a temporary measure making it easier to satisfy the supplementary leverage ratio. But Democrats’ control of the White House and Congress has given a bigger platform to those who say banks have had enough relief.
March 4 -
The bank must submit a plan for improving its risk management and decreasing its commercial real estate exposure, the Federal Reserve said in an enforcement order.
March 4 -
As the Federal Reserve continues to explore issuing a digital U.S. dollar, the Biden administration and key congressional leaders are endorsing the idea as a way to expand banking access for underserved consumers.
March 3 -
The U.S. economy expanded modestly in the first two months of the year and sentiment among business owners is picking up as vaccinations bolstered the prospects for economic growth, the Federal Reserve said.
March 3 -
Julie Stackhouse retired last year as an executive vice president at the St. Louis Fed, where she supervised bank holding companies and state member banks in the region.
March 3 -
Sens. Elizabeth Warren and Sherrod Brown urged regulators not to give in to industry requests to extend a temporary policy easing compliance with the supplementary leverage ratio.
March 2 - LIBOR
The Federal Reserve is intensifying its scrutiny of banks' efforts to shed their reliance on the London interbank offered rate, and has begun compiling more detailed evidence on their progress, according to multiple people with knowledge of the matter.
March 2 -
The Federal Reserve imposed the restrictions after conducting supplemental stress tests tied to the pandemic. But Vice Chair of Supervision Randal Quarles says it is now clear banks would have had sufficient capital regardless.
February 25 -
The automated clearinghouse system and FedWire Funds are back up and running, but other services, including Check 21, are still offline.
February 24 -
The Federal Reserve’s system for interbank payments went down Wednesday afternoon, according to a website for payment services operated by the U.S. central bank.
February 24 -
Federal Reserve Chair Jerome Powell said bank regulators still aim to write a universal rule updating the Community Reinvestment Act, despite years of disagreement between the agencies on how to proceed.
February 24 -
Chair Jerome Powell told a congressional panel that the Federal Reserve is weighing whether to extend temporary relief from the “supplementary leverage ratio” — meant to help banks lend more during the pandemic — beyond March 31.
February 23










!["Access to the payment system is critical to full participation in our economy," Sen. Sherrod Brown, D-Ohio, said in a letter endorsing the Fed’s study of a central bank digital currency. Treasury Secretary Janet Yellen could help the “too many Americans [that] don’t have access to easy payments systems and banking accounts.”](https://arizent.brightspotcdn.com/dims4/default/0e3b3c1/2147483647/strip/true/crop/1600x900+0+0/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F1f%2F51%2F2d27f5e1464c8403891db6326409%2Fimage-9.png)




![“With the benefit of hindsight, I think it’s now clear that we could have not imposed those distribution limitations [and] the banking system would have been fine,” said Fed Vice Chair of Supervision Randal Quarles.](https://arizent.brightspotcdn.com/dims4/default/709b78a/2147483647/strip/true/crop/5649x3178+0+62/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F57%2F7a%2F3b066e834e4e900eec17b1ef69e8%2Fquarles-randal-bl-022521.jpg)


![“I think there is an opportunity for a harmonized [CRA] rule among the agencies,” Fed Chair Jerome Powell said in a hearing before the House Financial Services Committee.](https://arizent.brightspotcdn.com/dims4/default/8f61900/2147483647/strip/true/crop/5533x3112+0+575/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fe6%2Fd9%2F02c665a141dea8fa10b4d8a5edbf%2Fpowell-jerome-bl-022421.jpg)
