Federal Reservations

This is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for Feb 3, 2012. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

Quiet week for the Unofficial Bank List with no closings, one voluntary liquidation, and one addition. The list is unchanged at 958 institutions but assets increased by nearly $600 million to $389.6 billion. The First National Bank of Ordway, Ordway, CO ($45 million) underwent a voluntary liquidation in late January. The sole addition was Community West Bank, National Association, Goleta, CA ($643 million Ticker: CWBC) after the OCC issued a Consent Order against the bank. The only other change was a Prompt Corrective Action order issued by the Federal Reserve against Bank of Bartlett, Bartlett, TN ($371 million). Next week will likely be quiet as well.

Earlier Employment posts:
• January Employment Report: 243,000 Jobs, 8.3% Unemployment Rate
• Graphs: Unemployment Rate, Participation Rate, Jobs added
• Employment Summary, Part Time Workers, and Unemployed over 26 Weeks
• Construction Employment, Duration of Unemployment, Unemployment by Education and Diffusion Indexes
• All Employment Graphs

Originally from Calculated Risk

WASHINGTON (MarketWatch) - The Federal Reserve regional bank presidents on Tuesday released previously confidential details about their wealth and assets for calendar year 2010. The disclosure came after a Freedom of Information request from Bloomberg News. The forms show a range of wealth. On one hand, St. Louis Fed President James Bullard was relatively poor listing no assets. At the other end of the spectrum, Richard Fisher, the president of the Dallas Fed Bank, had three properties listed as worth more than $1 million and a wide-ranging portfolio including investments in gold and platinum. The documents show that William Dudley, the president of the New York Fed, was granted a waiver by bank's board of directors for his $1.45 million investment in Treasury inflation-protected securities. To receive the waiver, Dudley agreed to hold the TIPS investment to maturity. Richmond Fed President Jeffrey Lacker's assets weren't immediately available.

Originally from MarketWatch

Financial stocks fall as the U.S. dollar falters following a Federal Reserve promise Wednesday to keep interest rates low until late 2014.

Originally from MarketWatch

Financial stocks fall as the U.S. dollar falters following a Federal Reserve promise Wednesday to keep interest rates low until late 2014.

Originally from MarketWatch

HONG KONG (MarketWatch) -- Bank of America Corp. has said it may scale back its operations in some parts of the U.S. if it continues to struggle with its financial problems, according to a Friday report by The Wall Street Journal, which cited people familiar with the situation. Bank of America declined to comemnt on the report. The bank's executives reportedly made the proposal in an emergency scenario put to the Federal Reserve Bank last year, the report said. No retreat in the form of branch closures or other moves that might entail losing customers is imminent, people close to the bank were cited as saying. Still, the report said that adding the retreat to a list of possible measures underscored the depth of financial difficulties faced by the bank.

Originally from MarketWatch

HONG KONG (MarketWatch) -- Bank of America Corp. has said it may scaling back its operations in some parts of the U.S. if it continues to struggle with its financial problems, according to a Friday report by The Wall Street Journal, which cited people familiar with the situation. The bank's executives reportedly made the proposal in an emergency scenario put to the Federal Reserve Bank last year, the report said. No retreat in the form of branch closures or other moves that might entail losing customers is imminent, people close to the bank were cited as saying. Still, the report said that adding the retreat to a list of possible measures underscored the depth of financial difficulties faced by the bank.

Originally from MarketWatch

A fractional-reserve banking system is susceptible to bouts of liquidity stringencies that, if left unchecked, can result in serial bank failures and an abrupt contraction in bank credit. The sine qua non of central banking is to act as a lender of last resort to otherwise solvent but temporarily illiquid banks so as to prevent their temporary illiquidity from deteriorating into insolvency, which would result in the aforementioned contraction in bank credit. This "narrow" interpretation of the lender-of-last resort function was the catalyst for the Federal Reserve Act of 1913. After the Banking Crisis of 1907, Congress believed that it was necessary to re-establish a central bank lender of last resort so as to prevent temporary financial market liquidity stringencies from deteriorating into severe economy-wide recessions.

Originally from The Market Oracle

WASHINGTON (Reuters) - The Federal Reserve proposed new capital and liquidity rules for the largest U.S. banks that would roll out in two phases and not likely go further than international standards.

Originally from Reuters: Business News

WASHINGTON (Reuters) - The Federal Reserve proposed on Tuesday new capital and liquidity rules for the largest banks that would roll out in two phases and not likely go further than international standards.

Originally from Reuters: Business News

WASHINGTON (MarketWatch) - The Federal Reserve on Tuesday released a package of post-crisis proposals detailing new tougher rules for big banks, including a measure that would limit a large financial institution's credit exposure to other large banks. The central bank said it would implement an aspect of a global agreement on bank capital, known as Basel III, named after the city in Switzerland where past agreements have been formed. However, the central bank said it would release a proposal later providing the details of how it would do so. The agency proposed new stringent rules on transactions between big banks, exposing them to possible leverage prohibitions and sets forth a series of new punishments for violators. The regulations would impact the largest U.S. banks including Bank of America Corp. , Citigroup Inc. and J.P. Morgan Chase & Co. . Based on the proposal, a large designated bank with more than $500 billion in assets is prohibited from having a credit exposure of more than 10% of its stock and surplus with a counterparty bank that also has more than $500 billion in assets.

Originally from MarketWatch