In a policy statement, the Federal Reserve Board said that it will exercise its discretion under the Federal Reserve Act Section to limit state member banks to engaging as principal in only those activities that are permissible for national banks.
The Federal Reserve Board published details on how it plans to conduct its "Pilot Climate Scenario Analysis" exercise and the information it hopes to gather.
Federal Reserve Board Governor Michelle W. Bowman summarized her views on monetary policy, cryptocurrencies, payment systems, climate-related risk and updating the Community Reinvestment Act.
In a joint statement, the FDIC, the Federal Reserve Board and the OCC highlighted key crypto-asset risks to banking organizations and outlined their approach to crypto-asset-related supervision.
The FDIC and Federal Reserve Board amended the asset-size thresholds used to define "small bank" and "intermediate small bank" under Community Reinvestment Act regulations.