Company Overview of The Federal Reserve System
The Federal Reserve System is based in the USA.
20th Street and Constitution Avenue, NW
Washington, DC 20551
Founded in 1913
Key Executives for The Federal Reserve System
Chief Operating Officer and Director of Management Division
Chief Information Officer and Director of Information Technology Division
Director of Division of Banking Supervision and Regulation
Senior Vice President of National and Strategic Sales Accounts
Compensation as of Fiscal Year 2013.
The Federal Reserve System Key Developments
The Federal Reserve Board Issues Final Rule for Technical Changes to its Market Risk Capital Rule
Dec 7 13
The Federal Reserve Board issued a final rule that makes technical changes to the Board's market risk capital rule to align it with the Basel III revised capital framework adopted by the Board earlier 2013. The market risk capital rule is used by banking organizations with significant trading activities to calculate regulatory capital requirements for market risk. Technical changes to the rule reflect modifications by the Organization for Economic Cooperation and Development regarding country risk classifications. The final rule also clarifies criteria for determining whether underlying assets are delinquent for certain traded securitization positions. It clarifies disclosure deadlines, and modifies the definition of a covered position. Each of these changes makes the market risk capital rule consistent with the revised capital framework that will come into effect in January 2015. Also the Federal Reserve made minor modifications to the Basel III revised capital framework to clarify the criteria for subordinated debt instruments that may be counted as tier 2 capital.
Banco BPI, S.A. Announces Federal Reserve Board's Approval to Establish Representative Offices in Newark, New Jersey, and New Bedford, Massachusetts
Nov 19 13
The Federal Reserve Board announced its approval of the application by Banco BPI, S.A., Porto, Portugal, to establish representative offices in Newark, New Jersey, and New Bedford, Massachusetts.
The Federal Reserve Board Lifts Regulatory Order on First Community Bank
Oct 30 13
The Federal Reserve Board has lifted a regulatory order on First Community Bank in Glasgow, Mont. The 2010 written agreement, which was terminated Oct. 25, required the $237 million-asset bank to strengthen the oversight role of its board of directors, develop a written program for loan grading and loan review, improve its asset quality and write off bad loans. It also forbid First Community from paying dividends or taking on debt without permission.
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