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 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

• 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 26, 2023

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

• 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

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

• News Release: February 24, 2023

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

• 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

• News Release: November 22, 2022

  Somerset County Man Admits $850,000 Paycheck Protection Program Fraud Scheme

• News Release: November 14, 2022

  Riverside County Man Sentenced to 8½ Years in Prison for Stealing Over $6.6 Million in COVID-19 Loans Intended for Small Businesses

• News Release: November 10, 2022

  Grand Jury Charges a Dozen New Bank Fraud Counts Against Former St. Bernard Parish Assistant District Attorney and Two Associates

• Report: November 9, 2022

  Observations on Cybersecurity Risk Management Processes for Vendors Supporting the Main Street Lending Program and the Secondary Market Corporate Credit Facility

• News Release: October 18, 2022

  Justice Department Announces New Charges, Convictions, and Sentencings in Ongoing Initiative Targeting Pandemic Relief Fraud

• Report: September 30, 2022

  2022 Audit of the Board's Information Security Program

• News Release: September 26, 2022

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

• News Release: September 15, 2022

  South Florida U.S. Attorney's Office to Lead COVID-19 Fraud Strike Force Team Against Pandemic Relief Fraud

• News Release: September 15, 2022

  Jefferson City Man Indicted in $27.1 Million Bank Fraud Scheme

• News Release: September 13, 2022

  Chief Credit Officer Admits to Conspiracy to Defraud First NBC Bank

• Report: September 7, 2022

  The Board Implemented Safety Measures in a Manner Consistent With Its Return-to-Office Plan

• News Release: August 29, 2022

  Naples Felon Pleads Guilty to $2.6 Million COVID-Relief Fraud Scheme

• News Release: August 23, 2022

  Florida Man to Plead Guilty to $2.5 Million COVID-Relief Fraud

• News Release: August 19, 2022

  North Las Vegas Felon Pleads Guilty to Unlawful Possession of Ammunition and COVID-19 Relief Fraud Scheme

• News Release: August 18, 2022

  Rocklin Business Owner Sentenced to 10 Years in Prison for Embezzling from His Employer and, While Awaiting Sentencing, Defrauding Banks

• News Release: August 4, 2022

  Las Vegas Felon Sentenced to Prison for Unlawful Possession of a Stolen Firearm and COVID-Relief Fraud

• News Release: August 2, 2022

  Bank Executive Vice President Admits to Conspiracy to Defraud First NBC Bank

• News Release: August 2, 2022

  Riverside County Man Pleads Guilty to Federal Criminal Charges for Fraudulently Obtaining $6.6 Million in COVID-Relief Business Loans

• News Release: July 25, 2022

  Brockton Man Charged With Fraudulently Obtaining Over $1.5 Million in COVID-Relief Funds

• News Release: July 25, 2022

  CEO of Titanium Blockchain Pleads Guilty in $21 Million Cryptocurrency Fraud Scheme

• News Release: July 22, 2022

  Florida Man Charged With $1.6 Million CARES Act Loan Fraud Scheme

• News Release: July 15, 2022

  Coweta Man Who Fraudulently Obtained Almost $200,000 in Loans From the Small Business Administration Pleads Guilty

• News Release: July 11, 2022

  OIG Closing of 22-0028-I Board Trading Activity

• News Release: July 7, 2022

  Woodford County Man Sentenced to 42 Months for Fraudulently Obtaining COVID Relief Loans

• News Release: June 30, 2022

  Justice Department Announces Enforcement Action Charging Six Individuals With Cryptocurrency Fraud Offenses in Cases Involving Over $100 Million in Intended Losses

• News Release: June 28, 2022

  Former Warren County Businessman Admits Fraudulently Obtaining $1.8 Million in COVID-19 Loans Meant for Small Businesses

• News Release: June 17, 2022

  Owner of Tech Services Company Sentenced to More Than Three Years in Prison for $13 Million COVID-Relief Fraud Scheme

• News Release: June 17, 2022

  Couple Who Fraudulently Obtained Almost $743,000 in Paycheck Protection Program Loan Scheme Pleads Guilty in Federal Court

• Report: June 15, 2022

  Testing Results for the Board's Software and License Asset Management Processes

• Report: June 15, 2022

  Security Control Review of the Board's Secure Document System

• News Release: June 9, 2022

  Woman Sentenced for Leading a Paycheck Protection Program Loan Scheme

• News Release: June 8, 2022

  Las Vegas Man Sentenced to Prison for Committing COVID Relief Fraud While on Pretrial Release

• News Release: June 8, 2022

  Florida Man Arrested for $2.5 Million COVID-Relief Fraud

• News Release: June 7, 2022

  New York and Florida Resident Sentenced to 51 Months in Prison for $6.8 Million Paycheck Protection Program Fraud Scheme