On January 6, 2014, President Obama nominated former community banker, Allan Landon, to a seat on the U.S. Federal Reserve’s board. Landon, a . . .
Federal Reserve Board
Senate Acts on Adding Community Banker to Federal Reserve Board
On July, 17th, the US Senate acted on the Terrorism Risk Insurance Act for seven years. In a vote of 93-4, lawmakers greenlighted . . .
Enhancing Transparency in the Federal Reserve’s Applications Process
On February 24, the Federal Reserve Board announced in SR 14-2 that it will start publishing a semi-annual report to provide certain information on bank applications and notices filed with the Federal Reserve. The guidance applies to all financial institutions supervised by the Federal Reserve, including those with $10 billion or less in consolidated assets. The purpose of SR 14-2 is to provide a better understanding of the Federal Reserve’s approach to applications and notices that may not satisfy statutory requirements for approval of the proposal or otherwise raise supervisory or regulatory concerns.