Circular Letters

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

2019

Apr 18, 2019

Comments Invited on Revisions to Leverage Ratio

The federal bank regulatory agencies have requested comment on a proposal to modify a capital requirement for U.S. banking organizations predominantly engaged in custodial activities.

Apr 16, 2019

Comments Sought on Resolution Plan Requirements

Banking regulators have invited public comment on a proposal modifying their resolution plan requirements for large banking firms. The proposal would keep existing resolution plan expectations in place for the largest firms.

Apr 10, 2019

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.

Apr 08, 2019

Comment Sought on Regulatory Framework Changes

The Federal Reserve Board is seeking public comment on a regulatory framework that would more closely match the rules for foreign banks with the risks they pose to the U.S. financial system.

Apr 03, 2019

Federal Reserve Announces Changes to Its Payment System Risk Policy

The Federal Reserve Board has published a final rule implementing policy changes to procedures governing the provision of intraday credit to U.S. branches and agencies of foreign banking organizations.

Apr 02, 2019

Agencies Propose Rule to Limit Impact of Large Bank Failures

The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have proposed a rule to limit the interconnectedness of large banking organizations and thus reduce the impact if a large bank fails.

Mar 29, 2019

Agencies Evaluate Banks' Resolution Plans

The Federal Reserve Board and the Federal Deposit Insurance Corporation announced the completion of their evaluation of resolution plans for 14 domestic banking organizations and issued expectations for the firms' next resolution plan submissions.

Mar 22, 2019

Fed Publishes Annual Financial Statements

The audited statements provide information about the assets, liabilities, and earnings of the Federal Reserve Banks and the Board as of December 31, 2018.

Mar 21, 2019

Federal Reserve Publishes Report on Debit Card Use

The Federal Reserve Board has published a report on debit card transactions in 2017, including information on volume and value, interchange fee revenue, certain issuer costs, and fraud losses.

Mar 20, 2019

FOMC Discusses Balance Sheet Intentions

Participants in the recent Federal Open Market Committee (FOMC) meeting have provided information regarding plans for the Fed's balance sheet.

Mar 20, 2019

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.

Mar 20, 2019

Federal Reserve Issues FOMC Statement

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

Mar 15, 2019

Rule to Facilitate Legacy Swap Transfers Adopted

Federal agencies have ensured that qualifying swaps may move from a United Kingdom entity to a European Union or United States affiliate without triggering new margin requirements.

Mar 14, 2019

Federal Reserve's Latest Payments Study Announced

The Federal Reserve recently announced that financial institutions and payments organizations will receive invitations to participate in the seventh triennial Federal Reserve Payments Study.

Mar 14, 2019

Meetings to Be Held on Proposed Bank Merger

The Federal Reserve Board and the Federal Deposit Insurance Corporation announced public meetings on the proposed merger of BB&T Corporation with SunTrust Banks.

Mar 07, 2019

Federal Reserve Affirms Capital Buffer's Current Level

The Federal Reserve Board has voted to affirm the Countercyclical Capital Buffer at the current level of 0 percent.

Mar 07, 2019

Federal Reserve to Modify Capital Analysis Exercise

The Federal Reserve Board has announced that it will limit the use of the "qualitative objection" in its Comprehensive Capital Analysis and Review exercise, effective for the 2019 cycle.

Mar 06, 2019

Federal Reserve Seeks Comments on Proposed Regulation Change

The Federal Reserve Board invites public comment on changes to its Regulation D that would lower the rate of interest paid on certain excess balances.

Feb 20, 2019

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 descriptions of economic and financial conditions based solely on information available to the Committee at the time of the meeting.

Feb 15, 2019

Proposed Rule's Comment Period Extended

The Federal Reserve Board has extended the comment period for a proposed rule that would modify company-run stress testing requirements to conform with the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Feb 15, 2019

Agencies Extend Proposal's Comment Period

Federal banking agencies have extended the comment period for a proposed rule to update their standards for how firms measure counterparty credit risk posed by derivative contracts.

Feb 13, 2019

Error in Historical Dataset Identified

The Federal Reserve Board identified an error in the historical dataset used in its 2019 stress tests and issued a correction.

Feb 12, 2019

Flood Insurance Policy Rule Issued

Regulatory agencies issued a joint final rule to implement provisions requiring regulated institutions to accept certain private flood insurance policies in addition to National Flood Insurance Program policies.

Feb 05, 2019

Scenarios for Banks' Stress Tests Released

The Federal Reserve Board has released the scenarios banks and supervisors will use for the 2019 Comprehensive Capital Analysis and Review and Dodd-Frank Act stress test exercises.

Feb 05, 2019

Fed Increases Stress Tests' Transparency

The Federal Reserve Board has finalized a set of changes that will increase the transparency of its stress testing program for the nation's largest and most complex banks.

Jan 30, 2019

FOMC Addresses Policy Implementation, Balance Sheet Normalization

The Federal Open Market Committee has provided information about the longer-run implementation of monetary policy and its balance sheet normalization program.

Jan 30, 2019

Federal Open Market Committee Reaffirms Goals, Policy Strategy

The Federal Open Market Committee has reaffirmed its longer-run goals and monetary policy strategy at its annual organizational meeting.

Jan 30, 2019

Federal Reserve Issues FOMC Statement

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

Jan 29, 2019

Fed Hosting Public Conference on Stress Testing

The Federal Reserve Board will host a public research conference in July on its stress testing framework. The conference will convene academics, regulators, bankers, and other stakeholders to discuss the transparency and effectiveness of the Board's stress tests.

Jan 10, 2019

Reserve Banks' 2018 Income, Expense Data Announced

The Federal Reserve Board has announced results indicating that the Reserve Banks provided for payments of about $65.4 billion of their estimated 2018 net income to the U.S. Treasury.

Jan 09, 2019

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.

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