Today, the Federal Reserve, the Reserve Bank of Australia, the Danmarks Nationalbank, the Norges Bank, and the Sveriges Riksbank are announcing the establishment of temporary reciprocal currency arrangements (swap lines) to address elevated pressures in U.S. dollar short-term funding markets. These facilities, like...
The Department of Treasury's EVM policy is not fully consistent with best practices. Specifically, of seven best practices that leading organizations address in their policies, Treasury's policy fully addresses three, partially addresses three, and does not address the training component (see table below). According...
January 24, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) today selected Public Service Credit Union's bid to purchase the assets and assume the shares of Norlarco Credit Union (Norlarco) of Ft. Collins, Colorado. Public Service Credit Union (PSCU) of Denver, Colorado, will provide Norlarco...
The National Credit Union Administration (NCUA) selected Patelco Credit Union's bid to purchase the assets and assume the shares of Cal State 9 Credit Union (Cal 9) of Concord, California. Patelco Credit Union, of San Francisco, California, will provide Cal 9 members with uninterrupted credit union service with...
The National Credit Union Administration (NCUA) placed Father Burke Federal Credit Union of Bronx, New York, into liquidation May 12, 2008.
NCUA's Asset Management and Assistance Center will issue checks to members holding verified share accounts in the Father Burke Federal Credit Union within one week. Through...
The National Credit Union Administration (NCUA) placed St. Luke Baptist Federal Credit Union of Laurelton, New York, into liquidation May 3, 2008.
NCUA's Asset Management and Assistance Center will issue checks to members holding verified share accounts in the St. Luke Baptist Federal Credit Union within one week....
The National Credit Union Administration (NCUA) announces that the agency on July 28 placed New London Security Federal Credit Union of New London, Connecticut, into liquidation.
NCUA's Asset Management and Assistance Center will issue checks to individuals holding verified share accounts in the New London Security...
The National Credit Union Administration (NCUA) placed Meriden F. A. Federal Credit Union of Meriden, Connecticut, into liquidation on July 16.
The NCUA Asset Management and Assistance Center will issue checks to individuals holding verified share accounts in the Meriden F. A. Federal Credit Union within one week....
The National Credit Union Administration (NCUA) on July 1 liquidated two state chartered California credit unions, Sterlent Credit Union of Pleasanton and Cal State 9 Credit Union of Concord. Patelco Credit Union purchased assets and assumed most shares of both institutions.
In the case of Sterlent Credit Union,...
The National Credit Union Administration (NCUA) on Aug. 5 placed Port Trust Federal Credit Union of Charleston, South Carolina, into liquidation.
The NCUA Asset Management and Assistance Center will issue checks to individuals holding verified share accounts in the Port Trust Federal Credit Union within one week....
The National Credit Union Administration (NCUA) yesterday assumed control of the operations of Valley Credit Union, a state-chartered, federally insured credit union headquartered in San Jose, California.
The California Division of Financial Institutions appointed NCUA as conservator after placing Valley Credit...
The Group of Seven Finance Ministers and Central Bank Governors released the following statement today:
The G-7 held a conference call today to discuss global financial markets. We reaffirm our strong and shared commitment to protect the integrity of the international financial system and facilitate liquid, smooth...
The Federal Reserve Board on Sunday approved, pending a statutory five-day antitrust waiting period, the applications of Goldman Sachs and Morgan Stanley to become bank holding companies.
To provide increased liquidity support to these firms as they transition to managing their funding within a bank holding...
The U.S. Treasury Department is continuing to develop the specific details surrounding the temporary guaranty program for money market funds that was announced on September 19, 2008.
While these details are being finalized, Treasury is making the following clarifications:
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing cuinfosecurity.com, you agree to our use of cookies.