Board Activity

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. For more information about the Board of Governors of the Federal Reserve System, please visit www.federalreserve.gov.

• News Release: May 17, 2022

  Pennsylvania Man Charged With $1.7 Million Paycheck Protection Program Loan Fraud Scheme

• News Release: May 12, 2022

  Rocklin Business Owner Pleads Guilty to Defrauding Banks While Awaiting Sentencing on Other Fraud and Money Laundering Charges

• News Release: May 9, 2022

  Orange County Man Sentenced to 2 1/2 Years in Federal Prison for Fraudulently Obtaining $1.5 Million in COVID-Relief Loans

• News Release: April 22, 2022

  Naples Felon Indicted for COVID Relief Fraud

• Report: March 23, 2022

  The Board Can Strengthen Inventory and Cybersecurity Life Cycle Processes for Cloud Systems

• News Release: March 10, 2022

  Las Vegas Man Pleads Guilty to Committing COVID Relief Fraud While on Pretrial Release

• Report: March 3, 2022

  Board of Governors of the Federal Reserve System Financial Statements as of and for the Years Ended December 31, 2021 and 2020, and Independent Auditors' Reports

• News Release: March 1, 2022

  CEO of Payment Protection Program Lender MBE Capital Arrested in Connection With Fraudulent Loan and Lender Applications

• Report: February 28, 2022

  The Board Has Effective Processes to Collect, Aggregate, Validate, and Report CARES Act Lending Program Data

• News Release: February 25, 2022

  Winchester Man Convicted of COVID-Relief Fraud

• Report: February 24, 2022

  Federal Financial Institutions Examination Council Financial Statements as of and for the Years Ended December 31, 2021 and 2020, and Independent Auditors' Reports

• Report: February 2, 2022

  The Board's Contract Modification Process Related to Renovation Projects Is Generally Effective

• News Release: January 31, 2022

  Somerset County Woman Charged With $1 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme

• Report: January 31, 2022

  The Board Can Enhance Its Personnel Security Program

• News Release: January 27, 2022

  Somerset County Man Charged With $860,000 Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme

• News Release: January 20, 2022

  Edmond Woman Pleads Guilty to Cares Act Main Street Lending Program Fraud

• News Release: January 12, 2022

  Two Loan Brokers and One Bank Loan Officer Charged in Bank Fraud Scheme

• News Release: December 16, 2021

  Three Middlesex County Individuals Charged With $2.1 Million in Paycheck Protection Program Fraud and Economic Injury Disaster Loan Fraud Schemes

• News Release: December 16, 2021

  Woodford County Man Pleads Guilty to Wire Fraud in Connection With Fraudulently Obtained COVID Relief Loans

• News Release: December 13, 2021

  Grand Jury Charges Former St. Bernard Parish Assistant District Attorney and Two Associates With Bank Fraud and Money Laundering Offenses

• News Release: December 8, 2021

  Three Coconspirators in a Paycheck Protection Program Loan Scheme Plead Guilty

• News Release: November 19, 2021

  Owasso Man Convicted for Applying for Paycheck Protection Program Loans Under False Pretenses

• News Release: November 18, 2021

  Four Executives Plead Guilty to Fraud Scheme That Caused Over $4.5 Million in Losses to the Small Business Administration

• News Release: November 4, 2021

  Acting U.S. Attorney Chase Announces the Arrest of Three Beulah, ND, Men for Committing Financial Crimes While Employed at North Dakota Banks

• Report: October 29, 2021

  2021 Audit of the Board's Information Security Program

• News Release: October 15, 2021

  Former McKinney Man Indicted for COVID-19 Relief Fraud

• News Release: October 13, 2021

  New York and Florida Resident Admits to $6.8 Million Paycheck Protection Program Fraud Scheme

• Report: October 6, 2021

  The Board Can Improve the Efficiency and Effectiveness of Certain Aspects of Its Consumer Compliance Examination and Enforcement Action Issuance Processes

• News Release: September 24, 2021

  Two Former Employees at New York Branch of Major Bank and an Accountant Charged With Cares Act Loan Fraud

• Report: September 15, 2021

  The Board's Implementation of Enterprise Risk Management Continues to Evolve and Can Be Enhanced

• News Release: August 6, 2021

  Tulsa Man Sentenced for Applying for Paycheck Protection Program Loans Under False Pretenses

• Report: July 14, 2021

  Results of Analytical Testing of the Board's Publicly Reported Data for the Secondary Market Corporate Credit Facility

• Report: June 7, 2021

  The Board's Payroll Controls Are Generally Effective

• News Release: June 1, 2021

  Broken Arrow Man Sentenced to Federal Prison After Fraudulently Applying for Paycheck Protection Program Forgivable Loan

• News Release: May 20, 2021

  Former Managing Director and Two Former Loan Officers Plead Guilty for Roles in Widespread Bank Fraud Scheme

• News Release: May 19, 2021

  Two North Bay Brothers Plead Guilty to Separate but Similar Pandemic Relief Fraud Schemes Netting Over $2 Million