Circular Letters

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


Mar 24, 2017

Federal Reserve System Publishes Annual Financial Statements

The Federal Reserve System released the 2016 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks and the Board of Governors.

Mar 21, 2017

Banking Agencies Issue Joint Report to Congress

Member agencies of the Federal Financial Institutions Examination Council issued a joint report to Congress on March 21, 2017, detailing the agencies' review of rules affecting financial institutions.

Mar 15, 2017

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 for the March 14–15 meeting.

Mar 15, 2017

Federal Reserve Issues FOMC Statement

The Federal Open Market Committee decided to raise the target range for the federal funds rate to 3/4 to 1 percent.

Feb 23, 2017

Agencies Release Swap Margin Guidance

The Board and Office of the Comptroller of the Currency have issued guidance explaining how supervisors should examine for compliance with the swap margin rule, which established margin requirements for swaps not cleared through a clearinghouse.

Feb 22, 2017

Asset-Size Threshold in Regulation I Adjusted

The Board has announced the annual adjustment to the asset-size threshold in Regulation I that determines the dividend rate that certain member banks earn on their Federal Reserve Bank stock.

Feb 22, 2017

Federal Open Market Committee Meeting Minutes Released

The Federal Reserve Board and the Federal Open Market Committee released the minutes of the Committee meeting held on January 31–February 1, 2017.

Feb 16, 2017

Federal Reserve to Offer Seven-Day Term Deposits February 23

The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with this one operation in February.

Feb 01, 2017

Federal Reserve Issues FOMC Statement

The Federal Open Market Committee maintained the target range for the federal funds rate at 1/2 to 3/4 percent.

Jan 26, 2017

Fed Report Highlights Efforts to Improve U.S. Payment System

The progress report details the work-to-date of two payments industry task forces: one on faster payments, the other on a more secure payment system.

Jan 18, 2017

Maximum Civil Money Penalty Limits Increased

The Board has finalized a rule adjusting its maximum civil money penalty limits annually for inflation, as required by law. The new penalty amounts apply as of January 15, 2017.

Jan 13, 2017

Comment Period Extended for Cyber Risk Management Standards

Financial agencies set February 17 deadline for comments on the advance notice of proposed rulemaking on enhanced cyber risk management standards.

Jan 10, 2017

Reserve Banks Transfer Residual Earnings to the U.S. Treasury

The Federal Reserve Board on Tuesday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $92.0 billion of their estimated 2016 net income to the U.S. Treasury.

Jan 04, 2017

Federal Open Market Committee Meeting Minutes Released

The minutes from the December 13–14, 2016, meeting include a summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents.

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