The Federal Reserve Board announced a new rule set applicable to FRB policymakers and senior staff that will prohibit them from (i) purchasing individual stocks, (ii) investing in individual bonds and in agency securities and (iii) entering into derivatives.
News & Insights
The Federal Reserve Board adopted an interim final rule to further extend an exception for bank executive officers, directors and principal shareholders to apply for Paycheck Protection Program loans from related bank affiliates on behalf of small businesses they own.
The Federal Reserve Board adopted an interim final rule to extend an exception that modified Federal Reserve Act Section 22 and FRB Regulation O ("Loans to Executive Officers, Directors and Principal Shareholders of Member Banks").
A Federal Reserve Board interim final rule modifying the Paycheck Protection Program under the Small Business Act was published in the Federal Register.
The Federal Reserve Board modified the Paycheck Protection Program to allow bank executive officers, directors and principal shareholders to apply for loans on behalf of small businesses they own.