描述
The Federal Reserve Board issued a consent cease and desist order and assessed a $6 million civil money penalty against the Bank of New York Mellon concerning allegations that he bank breached certain representations and warranties made to the Federal Reserve Bank of Boston in connection with its participation in the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility. For more info visit http://www.federalreserve.gov/newsevents/press/enforcement/20120416a.htm