Federal Reserve Board Announces Termination of Enforcement Actions with Crédit Agricole S.A. and Crédit Agricole Corporate and Investment Bank, Mega...
The Federal Reserve Board announced on April 9, 2026 that it is terminating three longstanding cease‑and‑desist enforcement actions—one against Crédit Agricole S.A. and its corporate‑banking arm, another covering Mega International Commercial Bank’s U.S. branches, and a third involving Goldman Sachs. The orders, originally issued between 2015 and 2018, are being lifted on March 25, 2026 after the institutions satisfied the required remedial conditions. This closure reflects the Fed’s assessment that the banks have addressed the compliance concerns that prompted the actions. The terminations clear a regulatory hurdle for each firm.
Federal Reserve Board Invites Public Comment on Proposal that Would Allow U.S. Banks and Credit Unions to Use Intermediaries to...
The Federal Reserve Board has opened a 60‑day public comment period on a proposal that would permit U.S. banks and credit unions to route payments through intermediaries on the FedNow Service. Currently, FedNow transactions can involve only two domestic banks,...
Federal Reserve Board Announces It Has Made the Joint Findings with the Office of the Comptroller of the Currency Required...
The Federal Reserve Board announced it has completed the joint findings with the Office of the Comptroller of the Currency required for the OCC to approve Morgan Stanley Bank, N.A.'s request for an exemption under Section 23A of the Federal Reserve...
Federal Reserve Board Releases Annual Audited Financial Statements
The Federal Reserve Board published its audited financial statements for 2025, covering the 12 Reserve Banks, the Board itself, and a limited‑liability company linked to the COVID‑19 response. An independent accounting firm issued an unqualified opinion, confirming no material misstatements...
Federal Reserve Issues FOMC Statement
The Federal Reserve’s March 18 FOMC statement kept the federal funds rate target range at 3.5 percent to 3.75 percent, pausing further hikes. The Committee noted solid economic expansion, modest job gains and a stable unemployment rate, while inflation remains somewhat elevated...
Federal Reserve Board Issues Enforcement Actions with Former Employee of Equity Bank and Former Employee of First State Bank of...
The Federal Reserve Board issued two consent prohibition orders on March 13, 2026, targeting former employees of regional banks. Cassandra Grayson, ex‑employee of Equity Bank in Andover, Kansas, was barred for embezzling bank funds. Sandra Adams, former staff at First...
Federal Reserve Board Announces Approval of Notice by CBS Banc-Corp.
On March 9, 2026, the Federal Reserve Board approved CBS Banc‑Corp’s notice to acquire TAG Bancshares Inc., which will also bring Citizens Bank & Trust, Inc. under its control. The transaction expands CBS Banc’s footprint from Alabama into Georgia, adding...
Agencies Clarify the Capital Treatment of Tokenized Securities
On March 5, 2026 the FDIC, Federal Reserve Board and OCC released a joint FAQ clarifying the capital treatment of tokenized securities. The agencies state that eligible tokenized securities should generally receive the same capital treatment as their non‑tokenized counterparts, emphasizing that...
Following Earlier Actions to Remove Reputation Risk From Its Supervision of Banks, Federal Reserve Board Requests Comment on Proposal to...
The Federal Reserve has issued a request for public comment on a proposal to codify its June decision that removes reputation risk from bank supervision. The move aims to prevent supervisors from pressuring banks to “debank” lawful customers based on...
Federal Reserve Board Announces It Will Hold a Hybrid Public Outreach Meeting on Thursday, March 26, as Part of Its...
The Federal Reserve Board announced a hybrid public outreach meeting for Thursday, March 26, 2026, as part of its ten‑year review mandated by the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA). The session will allow stakeholders to comment on a...
Federal Reserve Board Finalizes Hypothetical Scenarios for Its Annual Stress Test and Votes to Maintain the Current Stress Test-Related Capital...
The Federal Reserve Board finalized the hypothetical scenarios for its 2026 annual stress test, keeping them largely unchanged from the October draft. The test will assess 32 large banks under a severe global recession, featuring a 10% unemployment peak, a...
Federal Reserve Board Announces Appointment of Seven Members, Including Four New Members, to Its Insurance Policy Advisory Committee (IPAC)
The Federal Reserve Board announced seven appointments to its Insurance Policy Advisory Committee, including four new members and three reappointments. The IPAC, created under the Economic Growth, Regulatory Relief, and Consumer Protection Act, advises the Fed on both domestic and...
Federal Reserve Issues FOMC Statement
The Federal Reserve’s Federal Open Market Committee held the federal funds rate target range steady at 3.5 percent to 3.75 percent on Jan. 28, 2026. The statement noted solid economic expansion, low job gains, and a stabilizing unemployment rate, while inflation remains modestly above...
Agencies Issue 2025 Shared National Credit Program Report
The Federal Reserve, FDIC and OCC released the 2025 Shared National Credit (SNC) report, covering syndicated loans originated through June 30, 2025. The portfolio grew 6 percent to $6.9 trillion across 6,857 borrowers, while the share of “non‑pass” loans fell to 8.6 percent of commitments....
