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: 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

• News Release: May 12, 2021

  Florida Man Sentenced After Fraudulently Obtaining $3.9 Million in PPP Loans

• News Release: May 6, 2021

  Man Pleads Guilty to Applying for a Paycheck Protection Program Loan Under False Pretenses

• News Release: May 6, 2021

  New York and Florida Resident Charged With $3.8 Million Paycheck Protection Program Fraud Scheme

• News Release: April 22, 2021

  Two Texas Men and One Oregon Man Charged With Fraud Scheme to Obtain Over $14 Million in COVID-Relief Loans

• Report: April 14, 2021

  Results of Analytical Testing of the Board's Publicly Reported Data for the Main Street Lending Program

• News Release: April 12, 2021

  Tulsa Couple Plead Guilty to Bank Fraud After Applying for Paycheck Protection Program Loans Under False Pretenses

• News Release: March 26, 2021

  Southern District of Florida Takes Sweeping Action Against CARES Act Fraud

• News Release: March 19, 2021

  Former Employee of Federal Reserve Board Pleads Guilty to Theft of Government Property

• Report: March 10, 2021

  Board of Governors of the Federal Reserve System Financial Statements as of and for the Years Ended December 31, 2020 and 2019, and Independent Auditors' Reports

• Report: March 10, 2021

  The Board Can Improve the Management of Its Renovation Projects

• News Release: March 3, 2021

  PRAC Releases Virtual Stakeholder Listening Forum With Experts on Housing

• News Release: March 2, 2021

  Broken Arrow Man Pleads Guilty to Fraudulently Applying for Paycheck Protection Program Forgivable Loan

• News Release: March 2, 2021

  Former Bank CEO Sentenced to Prison for Falsifying Bank Records, Misappropriating More Than $1.6 Million

• Report: February 25, 2021

  Federal Financial Institutions Examination Council Financial Statements as of and for the Years Ended December 31, 2020 and 2019, and Independent Auditors' Reports

• Report: February 24, 2021

  The Board Economics Divisions Can Enhance Some of Their Planning Processes for Economic Analysis

• Report: February 22, 2021

  Calendar Year 2019 Risk Assessment of the Board’s Government Travel Card Program

• Report: February 22, 2021

  Calendar Year 2019 Risk Assessment of the Board’s Purchase Card Program

• News Release: February 17, 2021

  PRAC Releases Virtual Stakeholder Listening Forum with Experts Representing Borrowers and Small Business

• News Release: February 10, 2021

  Man Purchased Lamborghini After Receiving $3.9 Million in PPP Loans

• News Release: February 4, 2021

  PRAC Releases Virtual Stakeholder Listening Forum with Experts from the Banking Industry

• News Release: February 4, 2021

  Federal Grand Jury Indicts Two Brothers for Allegedly Defrauding the Payroll Protection Program

• News Release: January 29, 2021

  Grand Jury Returns Superseding Indictment Charging First NBC Bank Executives and a Borrower With Bank Fraud and False Statements

• News Release: December 18, 2020

  Two Men Charged After Fraudulently Applying for Paycheck Protection Program Loans

• News Release: December 10, 2020

  Former Bank President Sentenced For Embezzlement

• News Release: November 19, 2020

  Warren County Businessman Arrested for Fraudulently Obtaining Nearly $2 Million in Loans Meant to Help Small Businesses During COVID-19 Pandemic

• News Release: November 16, 2020

  Former CEO of Crown Bank Sentenced to Prison for Fraud and Tax Offenses

• Report: November 2, 2020

  2020 Audit of the Board’s Information Security Program

• News Release: October 28, 2020

  Former Federal Reserve Employee Charged With Wire Fraud in Connection With Alleged Disability Fraud Scheme