The
Federal Reserve Board, on December 18, 2003, announced the issuance of several enforcement actions involving Credit Lyonnais, S.A., a large French bank with several U.S.
The revised policy requires that, beginning July 20, 2006, Reserve Banks will release these interest and redemption payments as directed by the issuer provided the issuer's
Federal Reserve account contains sufficient funds to cover them.
The
Federal Reserve Board on October 19, 2004, announced the execution of a written agreement by and between the Union Bank of California International, New York, New York, and the
Federal Reserve Bank of New York.
On June 22, 2004, the
Federal Reserve Board announced amendments to Appendix A of Regulation CC, that reflect the restructuring of the
Federal Reserve's check-processing operations in the Fourth, Fifth, and Eighth Districts.
"The
Federal Reserve Board is concerned with the ways in which economic and regulatory changes affect small businesses....
ECIs are overseas cash depots, operated by banks on behalf of the
Federal Reserve, to facilitate distribution and repatriation of U.S.
APPROVAL OF FEE SCHEDULES FOR
FEDERAL RESERVE BANK PRICED SERVICES
To ensure that the information in appendix A accurately describes the structure of check-processing operations within the
Federal Reserve System, the final rule revises the lists of routing symbols associated with
Federal Reserve offices to reflect the reassignments discussed above.
It is the ECB, not the
Federal Reserve, that would gain more from the adoption of inflation targeting as a meaningful framework for its policy.
"As a state-chartered bank that elected to be part of the
Federal Reserve System," says Herbert Taylor, vice-president and secretary of the
Federal Reserve Bank of Philadelphia, "we are their primary regulator and we routinely examine the bank for safe and sound business practices.
The GAO said it was the
Federal Reserve's policy to inspect the firewall procedures of underwriting subsidiaries.
In my many interviews, the one theme that Fed governors,
Federal Reserve Bank presidents, and other senior officials repeatedly emphasized was their own fallibility.
In particular, as part of their check-restructuring initiative, the Reserve Banks have reduced the number of
Federal Reserve check-processing locations from forty-five in 2003 to twenty-seven and have announced plans to further reduce the number to twenty-two sites by the end of 2006.
The
Federal Reserve Board announced on September 15, 2005, the issuance of an order of prohibition against Hanspeter Walder, a former employee and officer of the New York Branch of UBS AG, Zurich, Switzerland.
The
Federal Reserve Board announced on April 19, 2005, amendments to appendix A of Regulation CC (Availability of Funds and Collection of Checks) that reflect the restructuring of the
Federal Reserve's check-processing operations in the Tenth and Twelfth Districts.
