Circular Letters

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

2020

Apr 03, 2020

Agencies to Consider Volcker Rule Modification Comments

Regulators announced that they will consider comments submitted before May 1, 2020, on their proposal to modify the Volcker rule's general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds.

Apr 01, 2020

Fed Establishes Temporary Repo Facility

The Federal Reserve has established a temporary repurchase agreement facility for foreign and international monetary authorities to help support the smooth functioning of financial markets and maintain the supply of credit to U.S. households and businesses.

Apr 01, 2020

Fed Delays Framework's Effective Date

The Federal Reserve Board will delay by six months the effective date for its revised control framework to reduce operational burden and allow institutions to focus on current economic conditions.

Mar 27, 2020

Actions Supporting Lending to Households, Businesses Announced

The federal bank regulatory agencies have announced actions to support the U.S. economy and allow banking organizations to continue lending to households and businesses.

Mar 27, 2020

Regulators Encourage Lending to Consumers, Small Firms

Bank regulators issued a statement encouraging banks, savings associations, and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to coronavirus.

Mar 27, 2020

Fed Offers Regulatory Relief to Virus-Affected Banks

The Federal Reserve recognizes that small financial institutions might need more time to submit certain regulatory reports in light of disruptions caused by coronavirus.

Mar 23, 2020

Federal Reserve Issues FOMC Statement

The Federal Open Market Committee has issued a statement describing actions taken to support the flow of credit to households and businesses so that it may promote its maximum employment and price stability goals.

Mar 23, 2020

Federal Reserve System Publishes Annual Financial Statements

The Federal Reserve System has released the 2019 combined annual audited financial statements for the 12 individual Federal Reserve Banks and the Board of Governors.

Mar 23, 2020

Fed Announces New Measures to Support U.S. Economy

As the coronavirus pandemic causes hardship across the United States and around the world, the Federal Reserve has announced extensive new measures to support the U.S. economy.

Mar 23, 2020

Banks Encouraged to Work with Virus-Affected Borrowers

The federal financial institution regulatory agencies and the state banking regulators are encouraging financial institutions to work constructively with borrowers affected by COVID-19.

Mar 23, 2020

Federal Reserve Announces Technical Rule Change

The Federal Reserve Board announced a technical rule change to support the U.S. economy and allow banks to continue lending to creditworthy households and businesses.

Mar 19, 2020

Fed Establishes Swap Lines with Other Central Banks

The Federal Reserve has announced the establishment of temporary U.S. dollar liquidity arrangements, also known as swap lines, with a number of other countries’ central banks.

Mar 19, 2020

Fed Broadens Program Supporting Credit Flow to Households, Businesses

The Federal Reserve Board broadened its program supporting credit flow to households and businesses by taking steps enhancing money markets' liquidity and functioning.

Mar 19, 2020

Interim Final Rule Issued for Liquidity Facility

Federal bank regulators announced an interim final rule to ensure that financial institutions will be able to use a liquidity facility recently launched by the Federal Reserve Board.

Mar 17, 2020

Fed Establishes Funding Facility

The Federal Reserve Board has announced the establishment of a commercial paper funding facility to support the flow of credit to households and businesses.

Mar 17, 2020

New Actions Allow Banks to Support Lending to Households, Businesses

The federal bank regulatory agencies have announced actions to support the U.S. economy and allow banks to continue lending to households and businesses.

Mar 16, 2020

Fed Encourages Banks to Use Discount Window

Federal bank regulators are encouraging banks to use the Federal Reserve's discount window so that they are able to support households and businesses.

Mar 15, 2020

Federal Reserve Issues FOMC Statement

The Federal Open Market Committee announced its decision to lower the target range for the federal funds rate to 0 to 1/4 percent.

Mar 15, 2020

Actions to Support Credit Flow to Businesses, Households

The Federal Reserve is monitoring credit markets and is prepared to use its tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.

Mar 15, 2020

Central Banks Coordinate Action to Enhance Dollar Liquidity

Central banks have announced coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.

Mar 11, 2020

Agencies Acknowledge Coronavirus Impact

Bank regulators encourage financial institutions to meet the financial needs of customers and members affected by the coronavirus. The agencies recognize its potential impact on the customers, members, and operations of many financial institutions.

Mar 09, 2020

Federal Reserve Simplifies Capital Rules for Large Banks

The Federal Reserve has approved a rule to simplify its capital rules for large banks, preserving the strong capital requirements already in place.

Mar 03, 2020

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 to 1-1/4 percent.

Feb 19, 2020

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.

Jan 31, 2020

Review Finds Some Loans' Risk Elevated

The Shared National Credit Program Review found that the share and amount of loan commitments with the lowest supervisory ratings rose slightly between 2018 and 2019.

Jan 29, 2020

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.

Jan 02, 2020

CRA Asset-Size Threshold Adjustments Released

Bank regulators announced the adjustment to the asset-size thresholds that define small bank, small savings association, intermediate small bank, and intermediate small savings association under Community Reinvestment Act regulations.

Select an archived year: