Federal Reserve, Banks | featured news

Under the agency's proposal, institutions would prepay three years' worth of premiums to the fund that insures customer deposits in case of bank failure.

Federal regulators today proposed borrowing $45 billion from the nation's banks to help rebuild the fund that insures customer deposits as an increasing number of failures threaten to drain the fund's reserves.

US President Barack Obama is to announce he is reappointing Ben Bernanke to a second term as chairman of the US central bank, the Federal Reserve.

House lawmakers on Tuesday said they have subpoenaed the Federal Reserve to hand over e-mails, notes and other documents related to its role in Bank of America Corp.'s acquisition of Merrill Lynch & Co.

The Federal Reserve and Treasury plan to release results of their tests assessing the health of the country's 19 largest banks next Thursday, later than previously planned.

The Federal Reserve Board on Tuesday put more pressure on banks to cut dividends as conditions deteriorate, and said it would discourage the funding of such payouts with federal rescue money.