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: June 23, 2025

  Founder of Lender Service Provider Convicted for Role in Multimillion-Dollar PPP Fraud Scheme

• News Release: June 16, 2025

  Business Owner Sentenced After Receiving More Than $1.6 Million in Funds From the CARES Act

• News Release: June 16, 2025

  Hickman Man Pleads Guilty to Bank Fraud Conspiracy

• Report: May 28, 2025

  The Board Can Enhance Its Approach to the Cybersecurity Supervision of Community Banking Organizations

• Report: May 21, 2025

  The Board Can Strengthen Its Travel Card Program

• News Release: May 20, 2025

  Former Bank of O'Fallon Executive Pleads Guilty to Swindling $2 Million in Check Kiting Fraud Scheme

• News Release: May 9, 2025

  New York Tax Preparer Sentenced to Two Years in Prison for Submitting Fraudulent Pandemic Relief Applications

• News Release: April 28, 2025

  Northwest Arkansas Business Owners Plead Guilty to Scheme to Defraud Pandemic Relief Loan Programs

• News Release: April 24, 2025

  Bank General Counsel Sentenced to 4 Years in Prison for $7.4 Million Embezzlement Scheme

• News Release: April 9, 2025

  Former Bank of O'Fallon Executive Indicted for $2 Million Fraud Scheme

• News Release: March 19, 2025

  Miami Bank Employee Guilty of Embezzling Deceased Customer's Money

• Report: March 4, 2025

  Board of Governors of the Federal Reserve System Financial Statements as of and for the Years Ended December 31, 2024 and 2023, and Independent Auditors' Reports

• Report: March 3, 2025

  The Bank Exams Tailored to Risk Process Promotes Risk-Focused Supervision of Community Banking Organizations, but Training Can Be Enhanced

• Report: February 24, 2025

  Federal Financial Institutions Examination Council Financial Statements as of and for the Years Ended December 31, 2024 and 2023, and Independent Auditors' Report

• Report: February 5, 2025

  The Board and the Reserve Banks Generally Met the Revised Timing Goals for Certain Fair Lending Matters

• News Release: January 31, 2025

  Former Senior Adviser for the Federal Reserve Indicted on Charges of Economic Espionage

• News Release: January 22, 2025

  Washington Man Pleads Guilty to Extorting Clients Using Phony Escorts

• News Release: January 16, 2025

  American Express Agrees to Pay $108.7M to Settle Allegations of Deceptive Marketing and "Dummy" Account Information

• News Release: January 10, 2025

  California Couple Sentenced for Defrauding Paycheck Protection Program

• News Release: December 20, 2024

  Bank General Counsel Pleads Guilty to Offenses Stemming From $7.4 Million Embezzlement Scheme

• News Release: November 22, 2024

  Co-Founders of Paycheck Protection Program Lender Service Provider Charged for COVID-19 Relief Fraud Scheme

• News Release: November 19, 2024

  Former Senior Manager of Federal Reserve Bank of Richmond Pleads Guilty to Insider Trading and Making False Statements

• Report: October 31, 2024

  2024 Audit of the Board's Information Security Program

• News Release: October 24, 2024

  Federal Jury Convicts Two Former Broward Deputy Sheriffs of COVID-19 Relief Fraud

• News Release: October 18, 2024

  Lancaster Man Sentenced for COVID Relief Fraud

• News Release: October 17, 2024

  Jefferson City Man Sentenced for $26 Million Bank Fraud Scheme

• News Release: October 16, 2024

  Florida Woman Pleads Guilty to Conspiring to Prepare Fraudulent Loan Applications Totaling More Than $400,000

• News Release: September 26, 2024

  Pennsylvania Man Sentenced to 78 Months in Prison for $4.8 Million Cares Act Loan Fraud Scheme

• Report: September 25, 2024

  The Board Can Strengthen Its Hiring Practices to Help Mitigate Bias and Reinforce Its Commitment to Ensuring a Diverse Workforce

• Report: September 23, 2024

  FRB Minneapolis Followed Its Paycheck Protection Program Liquidity Facility Collateral Risk Management Processes and Can Enhance Monitoring and Collection Processes

• News Release: September 6, 2024

  Nevada Man Convicted of $11.2 Million COVID-19 Fraud

• Report: September 4, 2024

  Calendar Years 2022 and 2023 Risk Assessment of the Board's Purchase Card Program

• News Release: September 4, 2024

  Report of Investigation on the Closing of 23-0020-I Federal Reserve Bank of Atlanta President's Trading Activity

• News Release: August 27, 2024

  Broward Deputy Sheriff and SWAT Team Member Sentenced to Prison for COVID-19 Relief Fraud

• News Release: August 19, 2024

  Former CEO of Failed Bank Sentenced to Prison

• News Release: August 12, 2024

  Two New York City Police Department Detectives and Two Others Charged in Paycheck Protection Program Fraud Scheme

• News Release: August 1, 2024

  Former Ericson State Bank President Sentenced for Bank Fraud

• News Release: July 25, 2024

  Florida Man Sentenced to 3 Years in Prison for Fraudulently Obtaining $2.4 Million in CARES Act Loans