Circular Letters

Circular letters announce news, policy, and guidance from the Board of Governors. All circulars link to the Federal Reserve Board of Governors

2018

Oct 17, 2018

Federal Open Market Committee Minutes Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of the Committee meeting held last month. The minutes include a summary of participants' projections on the economic outlook.

Sep 26, 2018

Economic Projections from FOMC Meeting Released

Recently released data summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee (FOMC) participants for the recent FOMC meeting.

Sep 26, 2018

Federal Reserve Issues FOMC Statement

The Federal Open Market Committee announced its decision to raise the target range for the federal funds rate to 2 to 2-1/4 percent.

Sep 21, 2018

Comments Sought on Proposed Regulation Amendments

The Federal Reserve Board has requested public comment on a proposal to amend Regulation H and Regulation K.

Sep 21, 2018

Swap Margin Rule Amendments Approved

Final amendments to swap margin requirements to conform with rule changes that impose new restrictions on some qualified financial contracts of systemically important banking organizations have been approved.

Sep 19, 2018

Rule Regarding Treatment of Certain CRE Types Proposed

Federal banking agencies have invited comment on a proposal to modify the agencies' capital rules for high volatility commercial real estate exposures, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Sep 12, 2018

Final Amendments to Reg CC Provisions Approved

The Fed has approved final amendments to the liability provisions of Regulation CC. These amendments continue the Board's efforts to update Regulation CC to reflect the evolution of the nation's check collection system.

Sep 04, 2018

Agencies Extend "Volcker Rule" Comment Period

Five federal financial regulatory agencies have extended until October 17, 2018, the comment period for a proposed rule to simplify and tailor compliance requirements for the "Volcker rule."

Aug 30, 2018

Deadline Extended for Filing Some Resolution Plans

Regulatory agencies have extended certain deadlines for filing resolution plans. The extensions will allow additional time for the agencies to provide feedback to the firms on their last submissions and for the firms to produce their next plans.

Aug 28, 2018

Interim Rule Expanding Applicability of Policy Issued

The Federal Reserve Board has issued an interim final rule expanding the applicability of the small bank holding company policy statement.

Aug 23, 2018

Recent Term Deposits Results Announced

The Federal Reserve recently conducted an offering of term deposits through its Term Deposit Facility. The results of that offering have been announced.

Aug 23, 2018

Some Banks' Examination Cycles Expanded

Federal banking agencies have issued interim final rules to expand the number of insured depository institutions and U.S. branches and agencies of foreign banks eligible for an 18-month on-site examination cycle.

Aug 23, 2018

Interim Rule about Some Securities' Treatment Issued

Three federal banking agencies have issued an interim final rule amending the agencies' liquidity rules to treat certain eligible municipal securities as high-quality liquid assets.

Aug 22, 2018

Federal Open Market Committee Minutes Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of the Committee meeting held recently. The minutes include descriptions of economic and financial conditions.

Aug 16, 2018

Fed to Offer Term Deposits on Aug. 23

The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility with one operation in August. On August 23, the Fed will conduct a floating-rate offering of term deposits with an early withdrawal feature.

Aug 01, 2018

Federal Reserve Issues FOMC Statement

The Federal Open Market Committee announced its decision to maintain the target range for the federal funds rate at 1-3/4 to 2 percent.

Jul 10, 2018

Agencies Post Portions of Some Banks' Resolution Plans

The Federal Reserve Board and the Federal Deposit Insurance Corporation have released the public portions of four foreign banking organizations' resolution plans.

Jul 06, 2018

Board No Longer Subjects Some Smaller Banks to Certain Regulations

The Federal Reserve will no longer subject primarily smaller, less complex banks to certain Board regulations, including those relating to stress testing and liquidity.

Jul 05, 2018

Federal Open Market Committee Minutes Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of the Committee meeting held last month. The minutes include a summary of participants' projections on the economic outlook.

Jun 29, 2018

Fed Releases Determination of Financial Firms' Consolidated Liabilities

As the Dodd-Frank Act requires, the Fed has released its annual determination of the aggregate consolidated liabilities of financial companies.

Jun 29, 2018

Agencies Seek Comment on Proposed Plan Guidance

The Federal Deposit Insurance Corporation and the Federal Reserve Board are seeking public comment on guidance about revised resolution plans—commonly known as living wills—for the eight largest, most complex U.S. banks.

Jun 28, 2018

Report Details Small Businesses' Views of Online Lenders

The Federal Reserve Board and the Cleveland Fed have published a report examining small business owners' perceptions of online lenders and their understanding and interpretation of the information that online lenders use to describe their credit products.

Jun 22, 2018

Fed Releases Banks' Stress Test Results

The Federal Reserve has released the results of the latest round of stress tests, which assess the largest U.S. banks' ability to continue lending to households and businesses during a severe global recession.

Jun 15, 2018

Loan-to-Deposit Ratios Released

The banking agencies have issued the host state loan-to-deposit ratios that they will use to determine compliance with section 109 of the Riegle-Neal Act of 1994, replacing last year's ratios.

Jun 14, 2018

Board Adopts Credit Limit Rule

The Federal Reserve Board has approved a rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability.

Jun 13, 2018

Federal Reserve Board and FOMC Release Economic Projections

Table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants in the June 12–13 meeting.

Jun 13, 2018

Federal Reserve Issues FOMC Statement

The Federal Open Market Committee announced its decision to raise the target range for the federal funds rate to 1–3/4 to 2 percent.

Jun 08, 2018

Fed Announces Schedule for Stress Test Results, Capital Analysis

The Fed announced that results from banks' latest stress tests will be released June 21, and results from the Comprehensive Capital Analysis and Review will be released June 28.

Jun 06, 2018

Comments on Simplifying Volcker Rule Sought

Financial regulators are asking for public comment on a proposal that would simplify and tailor compliance requirements relating to the "Volcker rule," which restricts banking entities from certain trading activities and from owning or controlling hedge funds or private equity funds.

May 31, 2018

Fed Seeks Comment on Volcker Rule Proposal

The Federal Reserve Board asks for comment on a proposed rule to simplify and tailor compliance requirements relating to the Volcker rule.

May 23, 2018

Federal Open Market Committee Minutes Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of the Committee meeting held earlier this month. The minutes include a summary of participants’ views on current conditions and the economic outlook.

May 18, 2018

Regulators Extend Comment Period for Proposed Rule

The Federal Reserve Board and the Office of the Comptroller of the Currency have extended the comment period for a proposed rule that would tailor leverage ratio requirements to the business activities and risk profiles of the largest domestic firms.

May 17, 2018

Federal Reserve Announces Results of Term Deposit Offering

The Federal Reserve conducted an offering of term deposits through its Term Deposit Facility, and the results of the offering have been announced.

May 02, 2018

Federal Reserve Issues FOMC Statement

The Federal Open Market Committee announced its decision to maintain the target range for the federal funds rate at 1–1/2 to 1–3/4 percent.

Apr 18, 2018

Agencies Propose Capital Rules Revision

Federal banking agencies have proposed a revision to their regulatory capital rules to address and provide an option to phase in the regulatory capital effects of the new accounting standard for credit losses.

Apr 13, 2018

Fed Approves Proposal to Revise Certain Capital Rules

The Federal Reserve Board approved a proposal to revise its regulatory capital rules to address and provide an option to phase in the regulatory capital effects of the new accounting standard for credit losses.

Apr 11, 2018

Federal Open Market Committee Minutes Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of the Committee meeting held in March. The minutes include a summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents.

Apr 03, 2018

Banking Agencies Adjust Commercial Real Estate Appraisal Requirements

The agencies issued a final rule that increases the threshold for commercial real estate transactions requiring an appraisal from $250,000 to $500,000.

Mar 21, 2018

Federal Reserve Issues FOMC Statement

In view of realized and expected labor market conditions and inflation, the Federal Open Market Committee decided to raise the target range for the federal funds rate to 1.50 to 1.75 percent.

Mar 21, 2018

Federal Reserve Board and FOMC Release Economic Projections

Table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants in the March 20–21 meeting.

Mar 06, 2018

Fed Seeks Comments on Proposed Regulatory Amendments

The Fed is requesting comment on proposed amendments to simplify certain payment regulations. The proposals reflect the evolution of the nation's check collection system from one that is largely paper-based to one that is virtually all electronic.

Mar 02, 2018

Fed Preparing for Next Phase of Payments Security Work

The Federal Reserve's FedPayments Improvement Community was established to provide stakeholders with opportunities to engage in the Federal Reserve's ongoing payment improvement initiatives.

Feb 21, 2018

Minutes of January FOMC Meeting Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of the Committee meeting held in January. The minutes include a statement on longer-run goals and monetary policy strategy.

Jan 31, 2018

Federal Open Market Committee Statement Released

The Federal Open Market Committee is maintaining the target range for the federal funds rate at 1-1/4 to 1-1/2 percent.

Jan 31, 2018

Federal Open Market Committee Reaffirms Goals, Monetary Policy Strategy

The Federal Open Market Committee recently reaffirmed its longer-run goals and monetary policy strategy in the December 2017 Summary of Economic Projections.

Jan 31, 2018

FOMC Selects Powell as Next Fed Chairman

The Federal Open Market Committee unanimously selected Jerome H. Powell to serve as its chairman, effective February 3. He will be sworn in as chairman of the Board of Governors of the Federal Reserve System on February 5.

Jan 29, 2018

Regulators Assess Foreign Banks' Resolution Plans

Banking regulators have given their expectations to 19 foreign-based banking organizations for the firms' next resolution plans, due at the end of the year.

Jan 11, 2018

Board Announces Income, Expense Data for 2017

The Federal Reserve Board has announced the Reserve Banks’ income and expense data for 2017, including the amount remitted to the U.S. Treasury.

Jan 05, 2018

Fed Seeking Comment on Proposed Guidance

The Federal Reserve Board has requested comment on proposed guidance clarifying the Board's supervisory expectations related to risk management for large financial institutions.

Jan 05, 2018

Minutes of December FOMC Meeting Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of the Committee meeting held in December. The minutes include a summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents.

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