Tag: reserve
Federal Reserve Board Lifts Enforcement Actions Against Gardner Bancshares and Small Business Bank in Lenexa, Kansas
WASHINGTON — In a significant regulatory development for the Midwest banking sector, the Federal Reserve Board announced on Friday the complete termination of all active enforcement actions concerning Gardner Bancshares, Inc. and its subsidiary, Small Business Bank, both headquartered in Lenexa, Kansas. The formal lifting of these administrative measures marks a major milestone for the…
Federal Reserve Holds Interest Rates Steady at 3.75 to 4 Percent, Citing Resilient Economic Activity and Elevated Inflation
October 28, 2026 For release at 2:00 p.m. EDT WASHINGTON — In a decision that reflects ongoing deliberation over the balance between economic resilience and persistent price pressures, the Federal Open Market Committee (FOMC) voted to maintain the target range for the federal funds rate at 3-3/4 to 4 percent. The monetary policy action was…
Federal Reserve Board Finalizes Changes to Enhance Transparency, Public Accountability, and Stability in Bank Stress Tests
September 30, 2026 For release at 9:00 a.m. EDT WASHINGTON — The Federal Reserve Board on Wednesday finalized a sweeping set of changes designed to enhance the transparency and public accountability of its annual bank stress tests while significantly reducing the year-over-year volatility in stress test-related capital requirements. The two final rules, which largely mirror…
Federal Reserve Board Issues Enforcement Action Against Ontario Bancorporation, Inc.
WASHINGTON — The Federal Reserve Board announced a formal regulatory enforcement action on Friday, October 2, 2026, involving Ontario Bancorporation, Inc., a bank holding company located in Ontario, Wisconsin. The regulatory measure takes the form of a formal Written Agreement that was officially executed earlier in the week on September 24, 2026. The announcement, released…
The Illusion of Value: How Fiat Currency, Fractional Reserve Banking, and State Intervention Transformed the Nature of Money
In the 1964 cinematic masterpiece The Pawnbroker, actor Rod Steiger portrays Sol Nazerman, a traumatized Holocaust survivor who operates a modest pawnshop in the heart of Harlem. In one particularly poignant and memorable scene, his young, idealistic assistant asks him a fundamental question about his worldview: what does he actually believe in? “Money,” Nazerman answers…
Federal Reserve Releases Minutes from September 15–16 FOMC Meeting Detailing Latest Policy Discussions
WASHINGTON — The Federal Reserve on Wednesday officially released the detailed minutes from the Federal Open Market Committee (FOMC) meeting that was held on September 15–16, 2026, offering financial markets, economists, and the public a closer look at the central bank’s deliberations during the late-summer policy gathering. The publication of the meeting minutes follows the…
Federal Reserve Board Announces Enforcement Action Against American Express Company Over Anti-Money Laundering Deficiencies
October 08, 2026 WASHINGTON — The Federal Reserve Board on Thursday announced a formal enforcement action against American Express Company, citing significant compliance failures regarding the detection and reporting of suspicious financial activities tied to potential money laundering. The regulatory action, released late Thursday afternoon at 4:30 p.m. EDT, addresses what federal authorities described as…
Gold and Silver Suffer Steep Weekly Declines as Inflation and Federal Reserve Fears Mount, Yet Insiders See Opportunity
Gold and silver are facing a brutal wave of selling pressure once again this week, with gold heading toward its most significant weekly decline in more than four months while silver endures even more dramatic losses. As short-term momentum traders run for the exits, however, a number of prominent financial analysts and market observers see…
Federal Reserve Board Releases Results of the 2025 Survey of Consumer Finances Detailing the Economic Condition of American Families
WASHINGTON — The Federal Reserve Board on Friday released the comprehensive results of the 2025 Survey of Consumer Finances, a landmark triennial study that offers the public, economists, and policymakers an exceptionally detailed and authoritative look into the financial health, wealth, and economic well-being of households across the United States. Published at 10:00 a.m. EDT…
Federal Reserve Board Announces Termination of Enforcement Actions with Gardner Bancshares, Inc. and Small Business Bank
WASHINGTON — In a significant regulatory development for the midwestern banking sector, the Federal Reserve Board officially announced on Friday, October 16, 2026, the complete termination of all outstanding enforcement actions previously imposed on Gardner Bancshares, Inc. and its subsidiary, Small Business Bank, both based in Lenexa, Kansas. The announcement, released at 11:00 a.m. Eastern…
