US Reg Round Up: 24/04/2025
Federal Reserve
Minutes of the Board's discount rate meetings on February 18, March 10, and March 19, 2025 - 15 April 2025
The Federal Reserve decided to keep the primary credit rate at 4.5% as of March 2025. This decision followed a review by the directors of the Federal Reserve Banks, including Philadelphia, Richmond, and Atlanta. Additionally, the formulas for secondary and seasonal credit programs were renewed. The Board also maintained the federal funds rate target range at 4.25% to 4.5%. The Federal Open Market Committee (FOMC) and the Board discussed economic conditions and uncertainties, including labour market stability and government policy impacts.
Federal Reserve Board announces termination of enforcement action with former employee of The Marathon Bank - 08 April 2025
The Federal Reserve Board announced the termination of an enforcement action against Lori H. Staples, a former employee of The Marathon Bank in Winchester, Virginia. This action, a Cease and Desist Order, had been in effect since May 28, 2003. The decision to terminate the enforcement action was made following a review and determination by the Board of Governors. The termination signifies that the Board has concluded its supervisory concerns regarding Ms. Staples' conduct and that no further regulatory action is deemed necessary. This development is part of the Federal Reserve's ongoing efforts to ensure the integrity and stability of the financial system by addressing and resolving enforcement matters promptly.
Securities and Exchange Commission
SEC Publishes New Data and Analysis About Registered Investment Companies and Money Market Funds - 14 April 2025
The SEC has released updated data and analysis on registered investment companies and money market funds in two new reports. These reports aim to provide the public with key information on the approximately $41.5 trillion invested in funds and $7.39 trillion in money market funds, including insights into industry activities, service providers, and asset management.