Board Activity

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• Report: November 27, 2023

  Results of Security Control Testing of a Videoconferencing Platform Used by the Board

• News Release: November 8, 2023

  Former KC Bank Manager Pleads Guilty to Facilitating Covid Fraud Scheme, Unemployment Benefits Fraud Scheme

• News Release: November 3, 2023

  Former Edmond Resident Sentenced to Serve 20 Months in Federal Prison for Fraud on Main Street Lending Program Created in Response to the Pandemic

• News Release: October 31, 2023

  Three Sentenced for Paycheck Protection Program Loan Fraud Schemes in the Northern District of Oklahoma

• News Release: October 20, 2023

  Loan Brokers and Bank Loan Officer Sentenced for Bank Fraud Scheme

• Report: October 18, 2023

  FRB Boston Followed Its Processes for Monitoring the Credit Quality of Main Street Lending Program Loans

• News Release: October 12, 2023

  Seventeen Broward Sheriff's Office Employees Charged With COVID-19 Pandemic Relief Fraud

• News Release: October 12, 2023

  CEO of Company Providing Homes for Parolees and Probationers Sentenced to 17 Years in Prison for Bank Fraud, Wire Fraud, Witness Tampering, and Other Offenses

• News Release: October 11, 2023

  Three Middlesex County Individuals Admit COVID-19 Fraud Schemes Totaling Over $2.1 Million

• Report: September 29, 2023

  2023 Audit of the Board's Information Security Program

• News Release: September 27, 2023

  Florida Man Sentenced for $2.5 Million COVID-Relief Fraud

• Report: September 27, 2023

  Review of the Supervision of Silvergate Bank

• Report: September 25, 2023

  Material Loss Review of Silicon Valley Bank

• Report: September 13, 2023

  Calendar Years 2020–2022 Risk Assessment of the Board's Government Travel Card Program

• News Release: September 8, 2023

  Two Brothers Plead Guilty to $7.6M COVID-19 Relief Fraud

• News Release: September 6, 2023

  Former Bank President Ashton Ryan Sentenced to 14 Years in Prison for Fraud That Ended First NBC Bank

• News Release: August 23, 2023

  Former Bank Teller Pleads Guilty to Stealing Nearly $90,000 Deposited by Georgia Convenience Store

• Report: July 31, 2023

  The Board's Approach to Climate Risk Supervision at Financial Institutions

• News Release: July 27, 2023

  CEO of Paycheck Protection Program Lender MBE Capital Sentenced to 54 Months in Prison in Connection With Fraudulent Loan and Lender Applications

• Report: July 17, 2023

  The Board and FRB Boston Generally Followed Their Process for Purchasing MSLP Loan Participations but Can Formally Document Some Key Processes

• News Release: June 27, 2023

  All Hands on Deck CEO Convicted of Bank Fraud, Wire Fraud, Witness Tampering, and Other Offenses

• News Release: June 27, 2023

  Texas Man Sentenced to Over 2 Years in Federal Prison for Participation in Money Laundering Conspiracy

• Report: June 26, 2023

  Results of Scoping of the Evaluation of the Board and Reserve Banks' Cybersecurity Incident Response Process for Supervised Institutions

• News Release: June 16, 2023

  Two Loan Brokers Plead Guilty to Bank Fraud Scheme

• Report: June 14, 2023

  The Board Can Enhance Its Procedures and Controls for Protecting Confidential Information in Supervision Central

• News Release: June 1, 2023

  Former KC Bank Manager Indicted for Facilitating Covid Fraud Scheme, Unemployment Benefits Fraud Scheme

• News Release: May 31, 2023

  Former Social Media Influencer Pleads Guilty to Federal Charges for Scheming to Obtain More Than $1.2 Million in COVID-19 Cares Act Loans

• News Release: May 17, 2023

  Statement of Inspector General Mark Bialek Before the Subcommittee on Economic Policy; Committee on Banking, Housing, and Urban Affairs; United States Senate

• News Release: May 10, 2023

  Former IRS Revenue Officer, Along With Five Others, Charged in Alleged Multimillion Dollar COVID-Fraud Scheme

• Report: May 8, 2023

  Board Purchase Card Program Controls Are Generally Effective and Can Be Further Strengthened

• News Release: April 26, 2023

  Federal Jury Convicts Former St. Bernard Parish Assistant District Attorney and Two Associates for Defrauding First NBC Bank

• Report: April 26, 2023

  The Board Can Further Enhance the Design and Effectiveness of the FOMC's Investment and Trading Rules

• News Release: April 26, 2023

  Inspector General Letter on S. 915, a Bill Regarding Presidential Appointment and Senate Confirmation of the Inspector General for the Board and the CFPB

• Report: April 17, 2023

  Following Established Processes Helped FRB New York and the Board Reduce Risks Associated With Lending Facility Contracts

• News Release: March 24, 2023

  CEO of Titanium Blockchain Sentenced for $21M Cryptocurrency Fraud Scheme

• News Release: March 23, 2023

  CEO of Paycheck Protection Program Lender MBE Capital Pleads Guilty in Connection With Fraudulent Loan and Lender Applications

• News Release: March 22, 2023

  Former Warren County Businessman Sentenced to 3 Years in Prison for Fraudulently Obtaining $1.8 Million in COVID-19 Loans Meant for Small Businesses

• News Release: March 15, 2023

  Sterling Bancorp, Inc. to Plead Guilty to $69M Securities Fraud

• News Release: March 15, 2023

  Former Wells Fargo Executive Agrees to Plead Guilty to Obstructing Bank Examination Involving the Opening of Millions of Accounts Without Customer Authorization

• News Release: March 8, 2023

  Statement of Inspector General Mark Bialek Before the Subcommittee on Oversight and Investigations, Committee on Financial Services, U.S. House of Representatives

• Report: March 6, 2023

  Board of Governors of the Federal Reserve System Financial Statements as of and for the Years Ended December 31, 2022 and 2021, and Independent Auditors' Reports

• News Release: February 24, 2023

  Las Vegas Woman Pleads Guilty to Committing COVID-Relief Fraud While on Federal Probation

• News Release: February 24, 2023

  Naples Felon Sentenced to More Than 7 Years for $2.6 Million COVID-Relief Fraud Scheme

• Report: February 22, 2023

  Federal Financial Institutions Examination Council Financial Statements as of and for the Years Ended December 31, 2022 and 2021, and Independent Auditors' Reports

• News Release: February 21, 2023

  Broken Arrow Man Pleads Guilty After Illegally Applying for and Receiving a $20,665 Paycheck Protection Program Loan

• News Release: February 16, 2023

  Former Beulah Bank President Sentenced to Two Counts of Bank Fraud

• News Release: February 13, 2023

  Simi Valley Man Sentenced to Over 4 Years in Prison for Fraudulently Obtaining More Than $1 Million in COVID Business Loans

• News Release: February 10, 2023

  Ashton J. Ryan, Jr., Found Guilty of Fraud Resulting in Failure of First NBC Bank

• Report: January 18, 2023

  The Board Can Enhance Enterprise Practices for Data Management Roles and Responsibilities

• News Release: January 4, 2023

  Federal Grand Jury A Indictments Announced-January 2023

• News Release: December 22, 2022

  Businessman Admits to Conspiring With First NBC Bank President to Defraud First NBC Bank

• Report: December 7, 2022

  The Board Can Enhance Certain Governance Processes Related to Reviewing and Approving Supervisory Proposals

• Report: December 7, 2022

  The Board Can Enhance the Effectiveness of Certain Aspects of Its Model Risk Management Processes for the SR/HC-SABR and BETR Models