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

Dec 03, 2019

Financial Service Provision to Hemp-Related Businesses Clarified

Federal agencies and state bank regulators have clarified the legal status of hemp growth and production and the Bank Secrecy Act requirements for banks providing services to hemp-related businesses.

Nov 27, 2019

Fee Schedule for Services Approved

The Federal Reserve Board has announced the approval of fee schedules, effective January 2, 2020, for payment services the Federal Reserve Banks provide to depository institutions.

Nov 20, 2019

Federal Open Market Committee Minutes Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of last month’s Committee meeting and conference call. The minutes include descriptions of current conditions and the economic outlook.

Nov 20, 2019

Reserve Requirement Indexing Announced

The Federal Reserve has announced the annual indexing of the reserve requirement exemption amount and the low reserve tranche, amounts used to calculate banks’ reserve requirements.

Nov 20, 2019

Commercial Real Estate Rule Finalized

Regulators finalized a rule modifying treatment of high volatility commercial real estate exposures, clarifying terms in the exposure definition.

Nov 20, 2019

Changes to Supplementary Leverage Ratio Finalized

Bank regulatory agencies have finalized changes to a capital requirement for banking organizations predominantly engaged in custodial activities.

Nov 20, 2019

Derivative Contract Rule Updated

Bank regulators announced a final rule updating how certain banking organizations must measure counterparty credit risk for derivative contracts under their regulatory capital rules.

Nov 13, 2019

Comments Sought on Proposed Extension of Compliance Dates

The Federal Reserve Board invites public comment on a proposal to extend by 18 months the initial compliance dates for foreign banks subject to its single-counterparty credit limit rule.

Oct 31, 2019

Thresholds for Exempt Consumer Credit, Lease Transactions Announced

The Consumer Financial Protection Bureau and the Federal Reserve have announced the dollar thresholds in Regulations Z and M that will apply for determining exempt consumer credit and lease transactions.

Oct 31, 2019

Exemption Threshold to Increase for Certain Mortgage Loans

Regulators have announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase.

Oct 30, 2019

Federal Reserve Issues FOMC Statement

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

Oct 29, 2019

Agencies Finalize Rule Change to Resolution Plans

Regulators have finalized a rule that modifies their resolution plan requirements for large firms. The rule retains resolution plan elements in place for the largest firms and reduces requirements for smaller firms.

Oct 29, 2019

Agencies Propose Swap Margin Rule Change

A change to the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities has been proposed.

Oct 18, 2019

Regulators Seek Comment on Ratings' Use

The Federal Deposit Insurance Corporation and Federal Reserve Board are inviting public comment on their use of the Uniform Financial Institutions Rating System and the consistency of the ratings assigned under the current system.

Oct 18, 2019

Results of Bank Officers Survey Released

The Federal Reserve Board has released results of a survey of senior financial officers at banks about their strategies and practices for managing reserve balances.

Oct 17, 2019

Regulators Seek Comments on Policy Statement

Regulatory agencies have requested comment on a proposed policy statement on allowances for credit losses, which is intended to promote consistency in the interpretation and application of the Financial Accounting Standards Board's credit losses accounting standard.

Oct 17, 2019

Members of Insurance Committee Announced

The Federal Reserve Board has announced the inaugural 21 members of the Insurance Policy Advisory Committee, which provides information, advice, and recommendations to the Federal Reserve Board on domestic and international insurance issues.

Oct 11, 2019

Federal Reserve Finalizes Rules Tailoring Regulations

The rules reduce compliance requirements for firms with less risk while maintaining the most stringent requirements for the largest and most complex banks.

Oct 10, 2019

Federal Open Market Committee Minutes Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of last month's Committee meeting. The minutes include descriptions of economic and financial conditions.

Oct 03, 2019

Rules Updating Management Interlock Issued

Bank regulators have updated rules restricting the ability of certain individuals to serve at more than one depository institution.

Sep 27, 2019

Rule Exempts Some Transactions from Appraisal Requirements

Regulators have adopted a final rule that changes the threshold for residential real estate transactions requiring an appraisal.

Sep 18, 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 September 17-18 FOMC meeting.

Sep 18, 2019

Federal Reserve Issues FOMC Statement

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

Sep 06, 2019

Comments Sought on Capital Requirement Proposal

The Federal Reserve Board seeks public comment on a proposal, building on existing state-based insurance standards, to establish capital requirements for some insurance companies.

Aug 21, 2019

Federal Open Market Committee Minutes Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of last month's Committee meeting. The minutes include descriptions of economic and financial conditions.

Jul 31, 2019

Federal Reserve Issues FOMC Statement

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

Jul 18, 2019

Bank Regulators Announce Coordination of Reviews for Certain Foreign Funds

The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency will not take action related to restrictions under the Volcker Rule for certain foreign funds for two more years.

Jul 12, 2019

Rule Proposed on the Capital Treatment of Land Development Loans

The federal bank regulatory agencies invite public comment on a proposal to clarify the treatment of land development loans under the agencies’ capital rules.

Jul 09, 2019

Community Banks to Be Excluded from the Volcker Rule

Five federal financial regulatory agencies have adopted a final rule to exclude community banks from the Volcker Rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Jul 09, 2019

Agencies Simplify Regulatory Capital Rules

The federal bank regulatory agencies have issued a final rule that reduces regulatory burden by simplifying several requirements in the agencies' regulatory capital rules.

Jul 03, 2019

Federal Reserve Seeks Advisory Committee Members

The Federal Reserve Board seeks people to serve on its Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, which was established by the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Jun 19, 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.

Jun 19, 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.

Jun 17, 2019

List of Distressed, Underserved Areas Released

Regulators have announced the availability of the 2019 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act consideration.

Jun 17, 2019

Rule to Streamline Regulatory Reporting Adopted

Bank regulators adopted a final rule to streamline regulatory reporting requirements for small institutions. The rule is a step in regulators' efforts to streamline these requirements.

Jun 14, 2019

Comments Sought on Updates to Information Act

The Federal Reserve Board has requested comment on updates regarding its Freedom of Information Act procedures and changes to its rules governing the disclosure of confidential information.

Jun 13, 2019

CRA Roundtable Discussion Summary Published

The Federal Reserve Board has published a summary of feedback received during discussions about the Community Reinvestment Act.

May 31, 2019

Dates Set for Announcing Stress Test, CCAR Results

Results from the latest supervisory stress tests will be released on June 21, and results from the Comprehensive Capital Analysis and Review will be released on June 27.

May 31, 2019

Final Rule Issued for Treatment of Some Municipal Obligations

Regulators have issued a final rule adopting without change the agencies' interim final rule issued in August 2018 that amended their liquidity coverage ratio rules to treat certain municipal obligations as high-quality liquid assets.

May 31, 2019

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.

May 28, 2019

Host State Loan-to-Deposit Ratios Issued

The Federal Reserve's Board of Governors, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have issued new host state loan-to-deposit ratios.

May 24, 2019

Federal Reserve Releases Survey of Banks' Financial Officers

The Federal Reserve Board has released results of the Senior Financial Officer Survey, which asks banks' senior financial officers about their strategies and practices for managing reserve balances.

May 24, 2019

Federal Reserve Reports on Households' Economic Well-Being

The Federal Reserve has published its Report on the Economic Well-Being of U.S. Households, which examines households' economic well-being and financial resilience in 2018.

May 23, 2019

Fed to Offer Term Deposits on May 30

The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility with one operation in May. On May 30, the Fed will conduct a floating-rate offering of term deposits with an early withdrawal feature.

May 22, 2019

Federal Open Market Committee Minutes Released

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

May 03, 2019

Comments Sought on Changes to Certain Protections

The Federal Reserve is seeking comment on a proposal to reduce risk in the financial system by applying netting protections to a broader range of financial institutions.

May 03, 2019

Comments Sought on Changes to Certain Protections

The Federal Reserve is seeking comment on a proposal to reduce risk in the financial system by applying netting protections to a broader range of financial institutions.

May 01, 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.

Apr 23, 2019

Comments Sought on Proposal to Simplify, Increase Rules Transparency

The Federal Reserve Board invites public comment on a proposal that would simplify and increase the transparency of the Board's rules for determining control of a banking organization.

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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