Circular Letters

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

2021

Feb 18, 2021

Fed Announces Rule Reducing Financial System’s Risk, Increasing Efficiency

The Federal Reserve announced a rule intended to reduce risk and increase efficiency in the financial system by applying netting protections to a broader range of financial institutions.

Feb 17, 2021

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.

Feb 12, 2021

Fed Releases Scenarios for Banks’ 2021 Stress Tests

The Federal Reserve Board has released the hypothetical scenarios for its 2021 bank stress tests, which help ensure that large banks are able to lend to households and businesses even in a severe recession.

Feb 10, 2021

Fed Temporarily Extends Program’s Rule

The Fed extended a rule pertaining to the Paycheck Protection Program, temporarily permitting certain bank directors and shareholders to apply to their banks for loans for their small businesses.

Jan 27, 2021

FOMC Reaffirms Monetary Policy Strategy

The Federal Open Market Committee reaffirmed its statement of longer-run goals and monetary policy strategy, a statement identical to the one adopted following the Committee's review of its monetary policy strategy, tools, and communication practices.

Jan 27, 2021

Federal Reserve Issues FOMC Statement

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

Jan 22, 2021

Fed Extends Public Comment Period for Application

In light of challenges from the coronavirus, the Federal Reserve Board announced that the public comment period for the application by First Citizens BancShares to acquire CIT Group has been extended through February 22, 2021.

Jan 22, 2021

Reappointments of Reserve Bank Presidents, Vice Presidents Approved

The Federal Reserve Board announced the approval of the reappointment of 12 Federal Reserve Bank presidents and 11 first vice presidents, as previously made by their respective boards of directors.

Jan 19, 2021

Board Finalizes Capital Planning Rule

The Federal Reserve finalized a rule, generally similar to the proposal, that updates the Board's capital planning requirements to be consistent with other recently modified Board rules.

Jan 11, 2021

Fed Announces 2020 Transfers to Treasury

The Federal Reserve Board has announced preliminary results indicating that the Reserve Banks provided for payments of approximately $88.5 billion of their estimated 2020 net income to the U.S. Treasury.

Jan 06, 2021

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.

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