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Showing posts with the label Federal Reserve Board

Federal Reserve Board I Press Release: FRB launches article series on financial conditions and concerns of consumers and communities

2-3 minutes The Federal Reserve Board on Wednesday announced Consumer & Community Context , an article series that features original analysis about the financial conditions and experiences of consumers and communities, including traditionally underserved and economically vulnerable households and neighborhoods. The goal of the series is to increase public understanding of the financial conditions and concerns of consumers and communities. The series will be published periodically and each issue will have a theme. "Our objective is to share insights and provide context for the complex economic and financial issues that affect individuals, communities, and the broader economy," said Eric Belsky, director of the Board's Division of Consumer and Community Affairs. The inaugural issue covers the theme of student loans, and includes articles on the effect that rising student loan debt levels may have on homeownership rates among young adults; and the relati

The Fed - Federal Reserve Board announces approval of applications by Security Trust & Savings Bank: Federal Reserve Board I Press Release

federalreserve.gov October 12, 2018 The Federal Reserve Board on Friday announced its approval of the applications, under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act, by Security Trust & Savings Bank, Storm Lake, Iowa, to acquire substantially all of the assets and assume substantially all of the liabilities of First National Bank of Rembrandt, Rembrandt, Iowa, and establish and operate a branch at the location of the main office of First National Bank of Rembrandt. Attached is the Board’s order relating to this action. For media inquiries, call 202-452-2955. Last Update:

Federal Reserve Board Issues.ssues enforcement action with Ashley Burrus and announces termination of enforcement action with Patterson Bankshares, Inc. | e

 Press Release June 12, 2018 Federal Reserve Board issues enforcement action with Ashley Burrus and announces termination of enforcement action with Patterson Bankshares, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent prohibition of Ashley Burrus, former Financial Services Specialist of Regions Bank, Birmingham, Alabama, for engaging in improper practices regarding credit origination. The Board also announced the termination of the enforcement action listed below: Patterson Bankshares, Inc., Patterson, Georgia Written Agreement dated June 1, 2010 (PDF) Terminated June 7, 2018 Additional enforcement actions can be searched for here . For media inquiries, call 202-452-2955.