The Federal Reserve has supervisory and regulatory authority over a wide range of financial institutions and activities. It works with other federal and state supervisory authorities to ensure the safety and soundness of financial institutions, stability in the financial markets and fair and equitable treatment of consumers in their financial transactions.

Banking Supervision News

Agencies Issue Final Rule to Implement Unlawful Internet Gambling Enforcement Act (November 19, 2008)

Federal Reserve Announces It Will Alter the Formula Used to Determine the Interest Rate Paid to Depository Institutions on Excess Balances Effective November 6 (November 10, 2008)

Proposed Rulemaking to Lower Risk Weights for Claims on, or Guaranteed by, Fannie Mae and Freddie Mac

The Federal Reserve Board requests public comment on a joint notice of proposed rulemaking (NPR) to allow a banking organization to assign a 10 percent risk weight to claims on, and portions of claims guaranteed by, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Claims include all credit exposures, such as senior and subordinated debt and counterparty credit risk exposures, but do not include preferred or common stock. The agencies believe reducing the risk weight from the current 20 percent is appropriate in light of the financial support the Treasury Department announced in September to provide to Fannie Mae and Freddie Mac through senior preferred stock purchase agreements. Under the proposal, the 10 percent risk weight would apply as long as these agreements remain in effect. Public comments are due November 26, 2008. Link to Board press release: http://www.federalreserve.gov/newsevents/press/bcreg/20081007a.htm (October 28, 2008)

Federal Reserve Announces It Will Alter the Formula Used to Determine the Interest Rate Paid to Depository Institutions on Excess Balances Effective October 23 (October 28, 2008)

More News...

How To... Working With Us

Apply for Membership Learn about the application process to become a state member bank and the benefits of Federal Reserve Bank membership. View a list of current state member banks.   Apply for Mergers and Acquisitions Learn about the application process for state member banks and bank holding companies, such as branches, mergers, acquisitions, change in control, engaging in nonbanking activities and more.   Borrow from the Federal Reserve's Discount Window Access Federal Reserve Credit for short-term or long-term needs.   Complete and File Reports Learn about reporting and reserves and how to submit your reports.   Manage Your Federal Reserve Account Manage your reserves and/or clearing balances and learn about Payments System Risk policy.   Access Public Information View and comment on actions, applications, and notices from the Board of Governors of the Federal Reserve System and request records and information available to the public.   Issue and Redeem Trust Preferred Securities Information on issuing and redeeming trust preferred securities for both large and small bank holding companies.