The seven members of the Board of Governors of the Federal Reserve System (FRB) are nominated by the President of the United States and confirmed by the U.S. Senate. By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country," and no two Governors may come from the same Federal Reserve District.

Contact:

Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue NW
Washington, DC 20551

Federal Reserve Board reaches agreements in principle with Goldman Sachs and Morgan Stanley to...

WASHINGTON, D.C. - January 16, 2012 - (RealEstateRama) -- Goldman Sachs and Morgan Stanley have reached agreements in principle with the Federal Reserve Board to pay $557 million in cash payments and other assistance to help mortgage borrowers.

Federal Reserve issues enforcement actions related to deficient practices in residential mortgage loan servicing...

April 13, 2011 - (RealEstateRama) -- The Federal Reserve Board on Wednesday announced formal enforcement actions requiring 10 banking organizations to address a pattern of misconduct and negligence related to deficient practices in residential mortgage loan servicing and foreclosure processing. These deficiencies represent significant and pervasive compliance failures and unsafe and unsound practices at these institutions.

Federal Reserve issues final rule and seeks comment on proposed revisions to escrow...

WASHINGTON, D.C. - February 24, 2011 - (RealEstateRama) -- The Federal Reserve Board on Wednesday issued a final rule and requested public comment on a second rule under Regulation Z to revise the escrow account requirements for certain home mortgage loans. The revisions to the regulation, which implements the Truth in Lending Act (TILA), are being made pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Federal Reserve does not plan to proceed with finalizing three pending mortgage rulemakings under...

WASHINGTON, D.C. - February 2, 2011 - (RealEstateRama) -- The Federal Reserve Board on Tuesday announced that it does not expect to finalize three pending rulemakings under Regulation Z, which implements the Truth in Lending Act (TILA), prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau (CFPB).

Business Real Estate Press Releases

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Meridian Acquires El Dorado Medical Plaza in Tucson, Arizona

Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of El Dorado Medical Plaza, a 187,690-square-foot, three-story combined Class-B medical office

Recent Gov & Nonprofit Real Estate Press Releases

Radon Testing in Your Home Can Save Your Life

Radon testing is done to measure Radon's presence in your home. Radon is a radioactive gas that comes from the natural extraction of uranium in many soils. This gas enters the air from the floor and can enter through the wall or the house's basement cracks. Radon is a hazardous substance that can cause cancer and other health problems.