Latest Press Release on Federal Reserve

FACT Warns The Number of Bank Failures is Actually Increasing
According to statistics furnished by the Federal Deposit Reserve Corporation (FDIC), the failure of banks across the nation is accelerating. October saw the second-largest closure of banks this year. All-in-all, there have been 123 reported bank failures so far in 2009! What Can and Should...

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CW Financial Services Announces CW Risk Management Solutions Selected by Federal Reserve Bank of New York as Underwriting Advisor for TALF
NEW YORK - CW Risk Management Solutions (CWRMS), a division of CWCapital Investments and its parent company CW Financial Services, has been selected by the Federal Reserve Bank of New York to provide underwriting analysis services for newly issued CMBS as part of the Term Asset-Backed

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Richmond Fed Announces Officer Promotions
RICHMOND, Va., Nov. 20 /PRNewswire/ -- The Federal Reserve Bank of Richmond announces the following officer promotions, effective Jan. 1, 2010. Roland Costa was named senior vice president and chief technology officer over the Currency Technology Office. Costa is a na...

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Consumers Union Urges Fed to Stop New Credit Card Tricks and Traps
Group Calls on Fed to Strengthen Proposed Credit Card Regulations to Protect Consumers From Emerging Abusive Lending Practices WASHINGTON, Nov. 20 /PRNewswire-USNewswire/ -- Consumers Union urged the Federal Reserve Board today to stop credit card com...

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BofA Merrill Lynch Fund Manager Survey Finds Investors Ruling Out U.S. Fed Rate Hike Before Second Half of 2010
NEW YORK and LONDON, Nov. 18 /PRNewswire/ -- A majority of investors expects the U.S. Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November. (Logo:

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NBPCA Statement Regarding Federal Reserve Board's Proposed Rules for Gift Cards
MONTVALE, N.J., Nov. 16 /PRNewswire/ -- Kirsten Trusko, President of the Network Branded Prepaid Card Association (NBPCA), released the following statement in response to the Federal Reserve Board's announcement of newly proposed rules related to gift cards: "While w...

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Audit the Fed Amendment Passes House Committee
WASHINGTON - Today, during the House Financial Services Committee markup of the Financial Stability Improvement Act of 2009, Congressman Ron Paul’s (R-TX) amendment to increase Federal Reserve transparency was passed by a vote of 43 to 26. During the proce

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