| Public Information Documents |
Actions taken by the Board of Governors and its staff
under delegated authority
Advisory Councils
Community Depository Institutions Advisory Council -- announcement of members and designation of Howard Boyle as president and Peter Humphrey as vice president for 2012.
- Announced, November 21, 2011
Community Depository Institutions Advisory Council -- appointment of twelve members and designation of Barrie G. Christman as president and Howard T. Boyle as vice president for 2011.
- Announced, February 16, 2011
Consumer Advisory Council -- appointment of 10 new members and designation of Jim Park as chair and Mary Tingerthal as vice chair for 2011.
- Announced, January 10, 2011
Secretary
Silicon Valley Bank, Santa Clara, California -- to establish a branch at 2770 Sand Hill Road, Menlo Park.
- Approved, September 13, 2011
Secretary
The Northern Trust Company, Chicago, Illinois -- to establish a branch at 800 Connecticut Avenue NW, Suite 200, Washington, D.C.
- Approved, August 17, 2011
Secretary
FirstBank, Lakewood, Colorado -- to establish branches at 275 South Federal Boulevard, Denver, and 6440 South Higley Road, Gilbert, Arizona.
- Approved, August 12, 2011
Secretary
Five Points Bank, Grand Island, Nebraska -- to establish a branch at 8820 Arbor Street, Omaha.
- Approved, August 11, 2011
Secretary
FirstBank, Lakewood, Colorado -- to establish a branch at 2100 Broadway Street, Boulder.
- Approved, July 8, 2011
Secretary
SunTrust Bank, Atlanta, Georgia -- to establish branches at 3604 Memorial Drive, Decatur; 1702 North Main Street, Jacksonville, Florida; and 548 East Belvedere Avenue, Baltimore, Maryland.
- Approved, July 5, 2011
Secretary
Bank of Crockett, Bells, Tennessee -- to establish a branch at 2195 Cypress Church Road, Bells.
- Approved, May 24, 2011
Secretary
Bank of the West, El Paso, Texas -- to establish a branch at 5604 East Paisano Drive, El Paso.
- Approved, April 7, 2011
Secretary
Five Points Bank, Grand Island, Nebraska -- to operate a mobile branch in Douglas and Sarpy Counties.
- Approved, April 5, 2011
Secretary
Bank of Commerce, Yukon, Oklahoma -- to establish a branch at 120 S. Mustang Road.
- Approved, March 11, 2011
Offices of Diversity and Inclusion -- establishment of offices to promote diversity and inclusion at the Board and at the twelve Federal Reserve Banks, in accordance with the Dodd-Frank Act.
- Announced, January 18, 2011
The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania, and PNC Bancorp, Inc., Wilmington, Delaware -- to acquire RBC Bank, (USA), Raleigh, North Carolina.
- Approved, December 19, 2011
Banco do Brasil, S.A., Brasilia, Brazil, and Caixa de Previdencia dos Funcionarios do Banco do Brasil, Rio de Janeiro -- to acquire EuroBank, Coral Gables, Florida.
- Approved, December 15, 2011
Secretary
S&T Bancorp, Inc., Indiana, Pennsylvania -- to merge with Mainline Bancorp, Inc., Ebensburg, and thereby acquire Mainline National Bank, Portage.
- Approved, December 12, 2011
Brookline Bancorp, Inc., Brookline, Massachusetts -- to acquire Bancorp Rhode Island, Inc., Providence, Rhode Island, and Bank Rhode Island.
- Approved, December 7, 2011
Goering Management Company, LLC, Moundridge, Kansas; Goering Financial Holding Company Partnership, L.P.; and Bon, Inc. -- to acquire Home State Bancshares, Inc., McPherson, and thereby acquire Home State Bank & Trust Company.
- Approved, November 28, 2011
Green Dot Corporation, Monrovia, California -- to acquire Bonneville Bancorp, Provo, Utah, and thereby acquire its subsidiary bank, Bonneville Bank; and elections by Green Dot and Bonneville Bancorp to become financial holding companies.
- Approved, November 22, 2011
General Counsel
First BanCorp, San Juan, Puerto Rico -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, November 17, 2011
General Counsel
First BanCorp, San Juan, Puerto Rico, and FirstBank of Puerto Rico -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L (two requests).
- Granted, October 24, 2011
General Counsel
National Australia Bank Limited, Docklands, Australia -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, October 19, 2011
Secretary
The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York -- to acquire additional shares of 473 Broadway Holding Corporation, Saratoga Springs, and of The Adirondack Trust Company.
- Approved, October 18, 2011
Westpac Banking Corporation, Sydney, Australia -- to engage in certain nonbanking activities in the United States through the acquisition of JOHCM (USA) General Partner Inc., Wilmington, Delaware, and its foreign parent company, J O Hambro Capital Management Limited, London, England.
- Approved, October 18, 2011
Secretary
First Security Bancorp, Searcy, Arkansas -- to acquire additional shares of CrossFirst Holdings, LLC, Overland Park, Kansas, and thereby acquire CrossFirst Bank, Overland Park, and CrossFirst Bank Leawood, Leawood.
- Approved, October 11, 2011
Comerica Incorporated, Dallas, Texas -- commenter's request for reconsideration of the Board's approval of the application to acquire Sterling Bancshares, Inc., Houston, and Sterling Bank.
- Denied, September 19, 2011
Director, Banking Supervision and Regulation
Clinton Financial Services, MHC, Clinton, Massachusetts, and Wachusett Financial Services, Inc. -- relief from certain commitments.
- Granted, August 29, 2011
Capital One Financial Corporation, McLean, Virginia -- to hold public meetings in Washington, D.C., Chicago, Illinois, and San Francisco, California, on the proposal to acquire ING Bank, FSB, Wilmington, Delaware, and indirectly acquire shares of Sharebuilder Advisors, LLC, Seattle, Washington, and ING Direct Investing, Inc., and extension to October 12, 2011, of the comment period on this proposal.
- Announced, August 26, 2011
Mizuho Financial Group, Inc., Tokyo, Japan, and Mizuho Corporate Bank, Ltd. -- to acquire additional shares of Mizuho Securities Co., Ltd., Tokyo, the parent company of Mizuho Securities USA Inc., New York, New York.
- Approved, August 24, 2011
Comerica Incorporated, Dallas, Texas -- to acquire Sterling Bancshares, Inc., Houston, and its subsidiary bank, Sterling Bank, and for Comerica's subsidiary bank, Comerica Bank, Dallas, to merge with Sterling Bank and thereby establish branches.
- Approved, July 13, 2011
General Counsel
First Banks, Inc., St. Louis, Missouri -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, July 13, 2011
Director, Banking Supervision and Regulation
Carroll County Bancshares, Inc., Carrollton, Missouri -- modification of certain commitments.
- Granted, June 29, 2011
Bank of Montreal, Toronto, Canada, and its subsidiaries, Harris Financial Corp., Chicago, Illinois; Harris Bankcorp, Inc.; and Mike Merger Sub, LLC -- application to acquire Marshall & Ilsley Corporation, Milwaukee, Wisconsin; M&I Marshall & Ilsley Bank; M&I Bank of Mayville, Mayville; M&I Bank FSB, Las Vegas, Nevada; and other nonbanking subsidiaries of Marshall & Ilsley Corporation.
- Approved, June 20, 2011
United Bankshares, Inc., Charleston, West Virginia, and UBC Holding Company, Inc. -- to acquire Centra Financial Holdings, Inc., Morgantown, and its subsidiary bank, Centra Bank, Inc.
- Approved, June 20, 2011
Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan -- application to acquire up to 24.9 percent of the voting shares of Morgan Stanley, New York, New York, and indirectly acquire an interest in its subsidiary banks, Morgan Stanley Bank, National Association, Salt Lake City, Utah, and Morgan Stanley Private Bank, National Association, Purchase, New York, and in certain nonbanking operations of Morgan Stanley.
- Approved, June 14, 2011
Hancock Holding Company, Gulfport, Mississippi -- to acquire Whitney Holding Corporation, New Orleans, Louisiana, and indirectly acquire Whitney National Bank.
- Approved, May 10, 2011
Secretary
Bryn Mawr Bank Corporation, Bryn Mawr, Pennsylvania -- to acquire PWMG Bank and Trust, Inc., Hershey.
- Approved, May 6, 2011
Secretary
Premara Financial, Inc., Washington, D.C. -- to become a bank holding company and to acquire shares of Carolina Premier Bank, Charlotte, North Carolina.
- Approved, May 6, 2011
M&T Bank Corporation, Buffalo, New York -- to acquire Wilmington Trust Corporation, Wilmington, Delaware, and its subsidiary bank, Wilmington Trust Company, and subsidiary savings association, Wilmington Trust FSB, Baltimore, Maryland; and for M&T's subsidiary bank, Manufacturers and Traders Trust Company, Buffalo, New York, to acquire certain assets and assume certain liabilities of Wilmington Trust Company and Wilmington Trust FSB and to establish branches at the existing locations.
- Approved, April 26, 2011
Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan -- determination that the structure of a proposed ownership interest would not result in the ability to exercise a controlling influence over Morgan Stanley, New York, New York.
- Concurred, April 22, 2011
Secretary
Community Bancorp LLC, Houston, Texas -- to acquire Superior Bank, National Association, Tampa, Florida.
- Approved, April 15, 2011
First Niagara Financial Group, Buffalo, New York, and FNFG Merger Sub, Inc. -- application to acquire New Alliance Bancshares, Inc., New Haven, Connecticut, and its subsidiary bank, NewAlliance Bank.
- Approved, March 31, 2011
Chuo Mitsui Trust Holdings, Inc., Tokyo, Japan -- application to become a bank holding company and to acquire The Sumitomo Trust and Banking Company, Ltd., Osaka, and its subsidiary bank, Sumitomo Trust and Banking Co., Hoboken, New Jersey, and engage in certain nonbanking activities.
- Approved, March 13, 2011
The Goldman Sachs Group, Inc., New York, New York -- to retain shares of Avenue Financial Holdings, Inc., Nashville, Tennessee, and indirectly retain shares of Avenue Bank.
- Approved, March 9, 2011
General Counsel
Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, March 1, 2011
Director, Banking Supervision and Regulation
Bank of Nova Scotia, Toronto, Canada -- to engage, on a limited basis, in physical commodity trading activities as activities that are complementary to a financial activity.
- Approved, February 17, 2011
Secretary
Community Bancorp LLC, Houston, Texas -- to become a bank holding company and to acquire Cadence Financial Corporation, Starkville, Mississippi, and thereby acquire Cadence Bank, N.A.
- Approved, February 14, 2011
General Counsel
Community Bancorp LLC, Houston, Texas -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, February 14, 2011
General Counsel
Lightyear Capital LLC, New York, New York -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L to permit an individual to serve as a director of Cascade Bancorp, Bend, Oregon, while continuing to serve as a director of Community & Southern Holdings, Inc., Carrollton, Georgia, and Community & Southern Bank.
- Granted, February 14, 2011
Secretary
1st United Bank, Boca Raton, Florida -- to purchase certain assets and assume certain liabilities of Old Harbor Bank, Clearwater.
- Approved, October 20, 2011
Secretary
The Northern Trust Company, Chicago, Illinois -- to merge with Northern Trust Bank, Federal Savings Bank, Bloomfield Hills, Michigan, and with Northern Trust, National Association, Miami, Florida, and thereby establish branches, as part of a corporate reorganization.
- Approved, August 9, 2011
Secretary
FirstBank, Lakewood, Colorado -- to merge with FirstBank of Arizona, Inc., Phoenix, Arizona.
- Approved, May 19, 2011
Secretary
Bank Midwest, Spirit Lake, Iowa -- to merge with Farmers State Bank of Sherburn, Sherburn, Minnesota, and thereby establish a branch.
- Approved, May 4, 2011
Secretary
Five Points Bank, Grand Island, Nebraska -- to purchase certain assets and assume certain liabilities of the branches of First State Bank, Gothenberg, and to establish a branch at 9718 Giles Road, LaVista.
- Approved, March 25, 2011
State Bank and Trust Company, Defiance, Ohio -- issuance of a consent order of assessment of a civil money penalty.
- Announced, December 22, 2011
Bank of Hampton Roads, Norfolk, Virginia (successor by merger with Gateway Bank and Trust, Elizabeth City, North Carolina) -- issuance of a consent order of assessment of a civil money penalty.
- Announced, December 22, 2011
Alliance Financial Services, Inc., St. Paul, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, December 13, 2011
Patriot Bancshares, Inc., Houston, Texas, and Patriot Holdings Nevada, Inc., Reno, Nevada -- written agreement with the Federal Reserve Bank of Dallas and the Banking Commissioner of the Texas Department of Banking.
- Announced, December 13, 2011
Bank of Nova Scotia, Toronto, Canada -- issuance of a consent order of prohibition against Tyrone Green, a former precious metals trader at the New York, New York, agency of the bank.
- Announced, December 12, 2011
Waccamaw Bank, Whiteville, North Carolina -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, December 6, 2011
First State Bank of DeQueen, DeQueen, Arkansas -- issuance of a consent order of assessment of a civil money penalty.
- Announced, November 29, 2011
Mountain National Bancshares, Inc., Sevierville, Tennessee -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, November 22, 2011
Tennessee Commerce Bancorp, Inc., Franklin, Tennessee -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, November 22, 2011
Security Bank, Tulsa, Oklahoma -- issuance of a consent order of prohibition and assessment of civil money penalty against Bryan T. Posey, a former president and director of the bank.
- Announced, November 16, 2011
Orion Bank, Naples, Florida -- issuance of consent orders of prohibition against Thomas B. Hebble and Angel P. Guerzon Jr., former senior officers and institution-affiliated parties of the former bank.
- Announced, November 10, 2011
Capital Funding Bancorp, Inc., Baltimore, Maryland, and CFG Community Bank -- issuance of a consent cease and desist order by the Board and the Maryland Commissioner of Financial Regulation.
- Announced, November 3, 2011
Huntington Bancshares, Inc., Huntington, Texas -- written agreement with the Federal Reserve Bank of Dallas and the Banking Commissioner of the Texas Department of Banking.
- Announced, November 3, 2011
Princeton National Bancorp, Inc., Princeton, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, November 1, 2011
Fox River Valley Bancorp, Inc., Appleton, Wisconsin -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, October 27, 2011
Liberty Bancorp, South San Francisco, California, and Liberty Bank -- written agreement with the Federal Reserve Bank of San Francisco.
- Announced, October 27, 2011
Parkway Bancorp, Inc., Harwood Heights, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, October 27, 2011
Border Capital Group, Inc., McAllen, Texas -- written agreement with the Federal Reserve Bank of Dallas.
- Announced, October 25, 2011
Community Banks of Colorado, Greenwood Village, Colorado -- appointment of the Federal Deposit Insurance Corporation as receiver for the bank.
- Announced, October 21, 2011
Porter Bancorp, Inc., Louisville, Kentucky -- written agreement with the Federal Reserve Bank of St. Louis.
- Announced, October 18, 2011
Anchor Commercial Bank, Juno Beach, Florida -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, October 13, 2011
State Bank Financial, La Crosse, Wisconsin -- written agreement dated September 13, 2010, terminated September 27, 2011.
- Announced, October 4, 2011
Tennessee Valley Financial Holdings, Inc., Oak Ridge, Tennessee -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, October 4, 2011
First Pryority Bank, Pryor, Oklahoma -- issuance of a consent order of prohibition and dismissal of assessment of a civil money penalty against Max Grunhof, a former employee and institution-affiliated party of the bank.
- Announced, September 28, 2011
Security Bank, Tulsa, Oklahoma -- public administrative hearing on November 14, 2011, in connection with an enforcement action against Bryan T. Posey, a former president and director of the bank.
- Announced, September 28, 2011
SWNB Bancorp, Inc., Houston, Texas -- written agreement with the Federal Reserve Bank of Dallas.
- Announced, September 22, 2011
Pinnacle Bank Holding Company, Inc., Orange City, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, September 13, 2011
Bank of the Carolinas Corporation, Mocksville, North Carolina -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, September 1, 2011
Community State Bank, Poteau, Oklahoma -- issuance of a consent order of assessment of a civil money penalty.
- Announced, September 1, 2011
The Goldman Sachs Group, Inc., New York, New York, and Goldman Sachs Bank USA -- issuance of a consent order to address deficient practices in residential mortgage loan servicing and foreclosure processing involving its former subsidiary, Litton Loan Servicing LP, Houston, Texas.
- Announced, September 1, 2011
Lindell Bank and Trust Company, St. Louis, Missouri -- issuance of a consent order of assessment of a civil money penalty.
- Announced, September 1, 2011
Pacific Commerce Bank, Los Angeles, California -- written agreement with the Federal Reserve Bank of San Francisco.
- Announced, September 1, 2011
Whitaker Bank, Lexington, Kentucky -- issuance of a consent order of assessment of a civil money penalty.
- Announced, September 1, 2011
CB Holding Corp., Aledo, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, August 30, 2011
Flagship Financial Group, Inc., Eden Prairie, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, August 25, 2011
Texas Bancshares, Inc., Snyder, Texas -- written agreement with the Federal Reserve Bank of Dallas.
- Announced, August 25, 2011
Coastal Bankshares, Inc., Savannah, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
- Announced, August 16, 2011
Bank of the Eastern Shore, Cambridge, Maryland -- issuance of a prompt corrective action directive against the bank.
- Announced, August 11, 2011
Texas Coastal Bank, Pasadena, Texas -- written agreement with the Federal Reserve Bank of Dallas and the Banking Commissioner of the Texas Department of Banking.
- Announced, August 11, 2011
Mesaba Bancshares, Inc., Grand Rapids, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, August 9, 2011
Reliance Bancshares, Inc., Des Peres, Missouri -- written agreement with the Federal Reserve Bank of St. Louis.
- Announced, August 9, 2011
The First Bank of Baldwin, Baldwin, Wisconsin -- written agreement with the Federal Reserve Bank of Minneapolis and the State of Wisconsin Department of Financial Institutions.
- Announced, August 2, 2011
Suburban Illinois Bancorp, Inc., Elmhurst, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, August 2, 2011
BANKWEST Financial, Inc., Rockford, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, July 28, 2011
Naples Bancorp, Inc., Naples, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, July 28, 2011
Old Second Bancorp, Inc., Aurora, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, July 28, 2011
Plumas Bancorp, Quincy, California -- written agreement with the Federal Reserve Bank of San Francisco.
- Announced, July 28, 2011
The Royal Bank of Scotland Group plc, Edinburgh, Scotland; The Royal Bank of Scotland plc and its branches in New York and Connecticut; and The Royal Bank of Scotland N.V., Amsterdam, The Netherlands, and its branches in New York and Illinois -- issuance of a joint consent cease and desist order by the Board, New York State Banking Department, State of Connecticut Department of Banking, and State of Illinois Department of Financial and Professional Regulation.
- Announced, July 27, 2011
Credit Agricole, S.A., Paris, France, and Credit Lyonnais, S.A. -- consent order dated January 8, 2004, terminated July 22, 2011.
- Announced, July 26, 2011
West Pointe Bancshares, Inc., Oshkosh, Wisconsin -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, July 21, 2011
Alterra Bank (formerly 1st Financial Bank), Overland Park, Kansas -- written agreement dated June 16, 2009, terminated June 29, 2011.
- Announced, July 21, 2011
Wells Fargo & Company, San Francisco, California, and Wells Fargo Financial, Inc., Des Moines, Iowa -- issuance of a consent cease and desist order and order of assessment of a civil money penalty.
- Announced, July 20, 2011
Jones Bancshares, L.P., Waycross, Georgia, and PrimeSouth Bancshares, Inc. -- written agreement with the Federal Reserve Bank of Atlanta and the State of Georgia Department of Banking and Finance.
- Announced, July 19, 2011
First Sentinel Bank, Richlands, Virginia -- issuance of a consent order of assessment of a civil money penalty.
- Announced, July 14, 2011
First of Huron Corp., Bad Axe, Michigan -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, July 12, 2011
Greer Bancshares Incorporated, Greer, South Carolina -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, July 12, 2011
PGB Holdings, Inc., Chicago, Illinois, and Pacific Global Bank -- written agreement with the Federal Reserve Bank of Chicago and the Illinois Department of Financial and Professional Regulation, Division of Banking.
- Announced, July 7, 2011
Bank of the Commonwealth, Norfolk, Virginia -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, July 7, 2011
FirstFed Bancorp, Inc. Employee Stock Ownership Plan, Bessemer, Alabama, and FirstFed Bancorp, Inc. -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, July 7, 2011
JPMorgan Chase & Co., New York, New York -- written agreement with the Federal Reserve Bank of New York.
- Announced, July 7, 2011
Virginia Community Bankshares, Inc., Louisa, Virginia, and Virginia Community Bank -- written agreement with the Federal Reserve Bank of Richmond and the State Corporation Commission Bureau of Financial Institutions.
- Announced, July 5, 2011
First National Bank Group, Inc., Edinburg, Texas -- written agreement with the Federal Reserve Bank of Dallas.
- Announced, July 5, 2011
Belt Valley Bank, Belt, Montana -- written agreement with the Federal Reserve Bank of Minneapolis and the Montana Division of Banking and Financial Institutions.
- Announced, July 5, 2011
First Chatsworth Bankshares, Inc., Chatsworth, Georgia -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, June 28, 2011
First National Bancshares of Central Alabama, Inc., Aliceville, Alabama -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, June 28, 2011
JLL Associates G.P. FCH, L.L.C., New York, New York; JLL Associates FCH, L.P.; JLL Partners Fund FCH, L.P.; JLL/FCH Holdings I, L.L.C.; and FC Holdings, Inc., Webster, Texas -- written agreement with the Federal Reserve Bank of Dallas.
- Announced, June 28, 2011
Southern Community Financial Corporation, Winston-Salem, North Carolina -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, June 28, 2011
Northwest Bancorporation, Inc., Palatine, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, June 14, 2011
Heritage Commerce Corp., San Jose, California, and Heritage Bank -- written agreement dated February 17, 2010, terminated June 9, 2011.
- Announced, June 14, 2011
Cornerstone Holding Company, Inc., Fargo, North Dakota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, June 7, 2011
F & M Holding Company, Inc., Manchester, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
- Announced, June 2, 2011
Community Banks of Georgia, Inc., Jasper, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
- Announced, May 31, 2011
PlainsCapital Bank, Dallas, Texas, and PrimeLending -- issuance of a consent order of assessment of a civil money penalty.
- Announced, May 31, 2011
Community Financial Shares, Inc., Glen Ellyn, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, May 26, 2011
Four Oaks Fincorp, Inc., Four Oaks, North Carolina, and Four Oaks Bank & Trust Company -- written agreement with the Federal Reserve Bank of Richmond and the State of North Carolina Office of the Commissioner of Banks.
- Announced, May 26, 2011
North Texas Bancshares, Inc., Dallas, Texas, and North Texas Bancshares of Delaware, Inc., Wilmington, Delaware -- written agreement with the Federal Reserve Bank of Dallas and the Banking Commissioner of the Texas Department of Banking.
- Announced, May 26, 2011
Provident Community Bancshares, Inc., Rock Hill, South Carolina -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, May 26, 2011
BW Bancorp, Ely, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, May 24, 2011
HCSB Financial Corporation, Loris, South Carolina -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, May 12, 2011
Johnson Financial Group, Inc., Racine, Wisconsin, and Johnson Bank -- written agreement with the Federal Reserve Bank of Chicago and the State of Wisconsin Department of Financial Institutions.
- Announced, May 12, 2011
Liberty Shares, Inc., Hinesville, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
- Announced, May 12, 2011
Metropolitan Bank Group, Inc., Chicago, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, May 12, 2011
Mid-Wisconsin Financial Services, Inc., Medford, Wisconsin -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, May 12, 2011
Calwest Bancorp, Rancho Santa Margarita, California -- written agreement with the Federal Reserve Bank of San Francisco.
- Announced, May 3, 2011
First Financial Service Corporation, Elizabethtown, Kentucky -- written agreement with the Federal Reserve Bank of St. Louis.
- Announced, May 3, 2011
Regent Bancorp, Inc., Davie, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, May 3, 2011
The Leaders Group, Inc., Oak Brook, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, April 28, 2011
Community Bankers Trust Corporation, Glen Allen, Virginia, and Essex Bank, Tappahannock -- written agreement with the Federal Reserve Bank of Richmond and the State Corporation Commission Bureau of Financial Institutions.
- Announced, April 26, 2011
First Southern Bancorp, Statesboro, Georgia -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, April 26, 2011
Premier Bancorp, Inc., Wilmette, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, April 21, 2011
Syringa Bancorp, Boise, Idaho -- written agreement with the Federal Reserve Bank of San Francisco and the State of Idaho Department of Finance.
- Announced, April 21, 2011
TransPecos Financial Corp., San Antonio, Texas, and TransPecos Banks, Pecos -- written agreement with the Federal Reserve Bank of Dallas and the Texas Commissioner of Banking.
- Announced, April 19, 2011
Banco Industrial de Venezuela, C.A. (BIV), Caracas, Venezuela, and its agencies in New York, New York, and Miami, Florida -- issuance of a consent cease and desist order and assessment of civil money penalties by the Board, the New York State Banking Department, and the Florida Office of Financial Regulation.
- Announced, April 15, 2011
Currie Bancorporation, Inc., Currie, Minnesota -- written agreement dated November 3, 2008, terminated April 12, 2011.
- Announced, April 14, 2011
Enforcement Actions -- issuance of consent orders to ten banking organizations (Bank of America Corporation; Citigroup Inc.; Ally Financial Inc.; HSBC North America Holdings, Inc.; JPMorgan Chase & Co.; MetLife, Inc.; The PNC Financial Services Group, Inc.; SunTrust Banks, Inc.; U.S. Bancorp; and Wells Fargo & Co.) and to two vendors to mortgage servicers (Lender Processing Services, Inc. and MERSCORP, Inc.) to address deficient practices in residential mortgage loan servicing and foreclosure processing.
- Announced, April 13, 2011
First Chicago Bank & Trust, Chicago, Illinois -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, April 12, 2011
CenterBank, Inc., Jacksonville, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, April 12, 2011
Tradition Bancshares, Inc., Houston, Texas, and Tradition Bank -- written agreement dated June 1, 2009, terminated April 4, 2011.
- Announced, April 7, 2011
First Financial Holding Co., Ltd., Taipei, Taiwan; First Commercial Bank, Ltd.; and First Commercial Bank Los Angeles Branch, Los Angeles, California -- written agreement with the Federal Reserve Bank of San Francisco and the State of California Department of Financial Institutions.
- Announced, March 31, 2011
First American International Corporation, Brooklyn, New York -- written agreement with the Federal Reserve Bank of New York.
- Announced, March 29, 2011
Northern States Financial Corporation, Waukegan, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, March 22, 2011
Tidelands Bancshares, Inc., Mount Pleasant, South Carolina -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, March 22, 2011
Pembina County Bankshares, Ltd., Cavalier, North Dakota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, March 15, 2011
Rurban Financial Corp., Defiance, Ohio, and Rurbanc Data Services, Inc. -- issuance of a consent cease and desist order.
- Announced, March 15, 2011
Tonganoxie Bankshares, Inc., Tonganoxie, Kansas -- written agreement with the Federal Reserve Bank of Kansas City.
- Announced, March 15, 2011
Farmers and Merchants Bancshares, Inc., Burlington, Iowa -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, March 8, 2011
Florida Bank Group, Inc., Tampa, Florida, and Florida Bank -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, March 8, 2011
Rosholt Bancorporation, Inc., Rosholt, Wisconsin -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, March 8, 2011
Stark Bank Group, Ltd., Fort Dodge, Iowa, and First American Bank -- written agreement with the Federal Reserve Bank of Chicago and the Iowa Division of Banking, Superintendent of Banking.
- Announced, March 8, 2011
Outsource Holdings, Inc., Lubbock, Texas -- written agreement with the Federal Reserve Bank of Dallas.
- Announced, March 3, 2011
Bridgeview Bancorp, Inc., Bridgeview, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, March 1, 2011
Marquette Financial Companies, Minneapolis, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, February 22, 2011
National Bancorp, Inc., Schaumburg, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, February 22, 2011
American Bancorporation of Minnesota, Inc., Baxter, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, February 22, 2011
Eastern Virginia Bankshares, Inc., Tappahannock, Virginia, and EVB -- written agreement with the Federal Reserve Bank of Richmond and the State Corporation Commission Bureau of Financial Institutions.
- Announced, February 22, 2011
Westside Banking Company, University Place, Washington -- written agreement with the Federal Reserve Bank of San Francisco.
- Announced, February 17, 2011
Bank of Whitman, Colfax, Washington -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, February 15, 2011
Dacotah Bank, Aberdeen, South Dakota -- issuance of a consent order of assessment of a civil money penalty.
- Announced, February 15, 2011
Franklin Savings Bank, Farmington, Maine -- issuance of a consent order of assessment of a civil money penalty.
- Announced, February 15, 2011
Idaho Banking Company, Boise, Idaho -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, February 15, 2011
Market Bancorporation, Inc., Elko New Market, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, February 15, 2011
MyAnns Corporation, Piqua, Kansas -- issuance of consent orders of assessment of civil money penalties against MyAnns and G. Larry Curry, a former director and institution-affiliated party.
- Announced, February 15, 2011
Community Banks of Colorado, Greenwood Village, Colorado -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, February 10, 2011
Financial Services of St. Croix Falls, Inc., St. Croix Falls, Wisconsin -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, February 10, 2011
BankVest, Inc., Castle Rock, Colorado -- written agreement with the Federal Reserve Bank of Kansas City.
- Announced, February 8, 2011
Cokato Bancshares, Inc., Cokato, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, February 1, 2011
Virginia Business Bank, Richmond, Virginia -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, January 27, 2011
Community Central Bank Corporation, Mount Clemens, Michigan -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, January 25, 2011
Elgin Bancshares, Inc., Elgin, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, January 25, 2011
Rocky Mountain Capital, Wilson, Wyoming, and Rocky Mountain Bank -- written agreement with the Federal Reserve Bank of Kansas City and the Wyoming Department of Audit, Division of Banking.
- Announced, January 25, 2011
Intervest Bancshares Corporation, New York, New York -- written agreement with the Federal Reserve Bank of New York.
- Announced, January 20, 2011
Boscobel Bancorp, Inc., Boscobel, Wisconsin, and Community First Bank -- written agreement with the Federal Reserve Bank of Chicago and the State of Wisconsin Department of Financial Institutions.
- Announced, January 6, 2011
Capital Commerce Bancorp, Inc., Milwaukee, Wisconsin -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, January 6, 2011
Foundation Bancorp, Inc., Bellevue, Washington -- written agreement with the Federal Reserve Bank of San Francisco.
- Announced, January 6, 2011
Metropolitan Bank Holding Corporation, New York, New York -- written agreement with the Federal Reserve Bank of New York.
- Announced, January 6, 2011
Prairie Star Bancshares, Inc., Olathe, Kansas -- written agreement with the Federal Reserve Bank of Kansas City.
- Announced, January 6, 2011
Director, Banking Supervision and Regulation
CIT Group Inc., New York, New York -- extension of time to divest or conform certain impermissible investments.
- Granted, December 22, 2011
Director, Banking Supervision and Regulation
GMAC Common Equity Trust I -- trustee's request, on behalf of General Motors, Inc., Detroit, Michigan, to extend the deadline for divesting the shares of Ally Financial, Inc. that General Motors holds through the trust.
- Granted, December 20, 2011
Director, Banking Supervision and Regulation
American Express Company, New York, New York, and American Express Travel Related Services Company, Inc. -- one-year extension of time to divest or conform certain impermissible nonbanking activities and investments.
- Granted, November 14, 2011
Director, Banking Supervision and Regulation
JPMorgan Chase & Co., Inc., New York, New York -- extension of time to divest certain merchant banking investments.
- Granted, October 5, 2011
Director, Banking Supervision and Regulation
Wells Fargo & Company, San Francisco, California -- extension of time to divest certain merchant banking investments.
- Granted, October 5, 2011
Director, Banking Supervision and Regulation
Bank of America Corporation, Charlotte, North Carolina -- extension of time to divest certain merchant banking investments.
- Granted, October 4, 2011
Director, Banking Supervision and Regulation
Citigroup Inc., New York, New York -- extension of time for Citigroup Realty Services to divest certain real estate.
- Granted, October 4, 2011
Director, Banking Supervision and Regulation
Dexia S.A., Brussels, Belgium -- extension of time to divest a merchant banking investment.
- Granted, October 4, 2011
Director, Banking Supervision and Regulation
Morgan Stanley, New York, New York -- one-year extension of time to divest or conform certain impermissible nonbanking activities and investments.
- Granted, September 21, 2011
Director, Banking Supervision and Regulation
The Goldman Sachs Group, Inc., New York, New York -- one-year extension of time to divest or conform certain impermissible nonbanking activities and investments.
- Granted, September 20, 2011
Director, Banking Supervision and Regulation
Citigroup Inc., New York, New York -- extension of time for Citigroup Realty Services to divest certain real estate.
- Granted, September 14, 2011
Director, Banking Supervision and Regulation
BNP Paribas, Paris, France -- extension of time to divest of a merchant banking investment.
- Granted, August 24, 2011
American Express Company, New York, New York -- extension to January 1, 2015, of the first-floor-period start date under the advanced approaches risk-based capital rule for bank holding companies.
- Granted, July 21, 2011
Director, Banking Supervision and Regulation
Citigroup Inc., New York, New York -- extension of time to divest certain real estate held by a Mexican subsidiary.
- Granted, July 5, 2011
Secretary
China Investment Corporation, Beijing, People's Republic of China; Central Huijin Investment Ltd.; and Industrial and Commercial Bank of China Limited -- extension of time to receive comments from certain commenters on the application to acquire shares of The Bank of East Asia (U.S.A.) National Association, New York, New York.
- Granted, July 1, 2011
Morgan Stanley, New York, New York -- request for an extension of time to file certain regulatory reports.
- Granted, May 24, 2011
Secretary
China Investment Corporation, Beijing, People's Republic of China; Central Huijin Investment Limited; and Industrial and Commercial Bank of China Limited -- commenter's request to extend the comment period on the applications to acquire shares of The Bank of East Asia (U.S.A.) National Association, New York, New York.
- Denied, May 16, 2011
Secretary
Mitsubishi UFJ Financial Group, Tokyo, Japan -- commenter's request to extend the comment period on the application to acquire shares of Morgan Stanley, New York, New York.
- Denied, May 13, 2011
Secretary
China Investment Corporation, Beijing, People's Republic of China; Central Huijin Investment Limited; and Industrial and Commercial Bank of China Limited -- commenter's request to extend the comment period on the applications to acquire shares of The Bank of East Asia (U.S.A.) National Association, New York, New York.
- Denied, May 5, 2011
Secretary
Comerica Incorporated, Dallas, Texas -- commenter's request to extend the comment period on the application to acquire Sterling Bancshares, Inc., Houston.
- Denied, April 8, 2011
Secretary
Bank of Montreal, Toronto, Canada -- commenters' requests to extend the comment period on the application to acquire Marshall & Ilsley Corporation, Milwaukee, Wisconsin.
- Granted, March 24, 2011
Secretary
Bank of Montreal, Toronto, Canada -- commenter's request to extend the comment period on the application to acquire Marshall & Ilsley Corporation, Milwaukee, Wisconsin.
- Denied, March 24, 2011
Director, Banking Supervision and Regulation
CIT Group, Inc., New York, New York -- one-year extension of time to divest or conform certain impermissible activities and investments.
- Granted, January 6, 2011
Director, Banking Supervision and Regulation
BNP Paribas, Paris, France -- waiver of remainder of prior-notification period to establish a limited branch in New York, New York.
- Granted, November 3, 2011
Allied Banking Corporation, Makati City, Philippines, and Oceanic Holding (BVI) Limited, Tortola, British Virgin Islands -- request to place the shares of Oceanic Bank Holding, Inc., San Francisco, California, in a temporary trust to facilitate the merger of Allied Banking Corporation with and into Philippine National Bank, Pasay City, Philippines.
- Approved, October 28, 2011
Director, Banking Supervision and Regulation
Banco do Estado do Rio Grande do Sul S.A., Port Alegre, Brazil -- to establish a limited federal branch in Miami, Florida.
- Approved, October 6, 2011
Director, Banking Supervision and Regulation
Banca Popolare di Vicenza S.C.p.A., Vicenza, Italy -- to establish a representative office in New York, New York.
- Approved, September 27, 2011
Director, Banking Supervision and Regulation
The Bank of Fukuoka, Ltd., Fukuoka, Japan -- to establish a representative office in New York, New York.
- Approved, September 27, 2011
Bank of Taiwan, Taipei, Taiwan -- to establish a branch in New York, New York.
- Approved, June 27, 2011
Bank of Communications Co., Ltd., Shanghai, People's Republic of China -- to establish a limited branch in San Francisco, California.
- Approved, April 8, 2011
Forms -- initial Board review to extend without revision the Recordkeeping Requirements of Regulation H and Regulation K Associated with Bank Secrecy Act Compliance Programs.
- Proposed, December 14, 2011
Forms -- final Board review to implement (1) two government-administered, general-use prepaid card surveys: Issuer survey (FR 3063a) and Government survey (FR 3063b), and (2) two interchange transaction fees surveys: Debit card issuer survey (FR 3064a) and Payment card network survey (FR 3064b).
- Approved, December 14, 2011
Forms -- initial Board review to extend with revision the Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks (FR 2502q), Automobile Finance Terms (FR 2005), and Passenger Auto Contract Collection Trends (FR 2012); and to extend without revision the Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks (FR 2644), Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans (FR 2835), and Quarterly Report of Credit Card Plans (FR 2835a).
- Proposed, November 28, 2011
Forms -- final Board review to extend with revision the Recordkeeping and Disclosure Requirements Associated with Loans Secured by Real Estate Located in Flood Hazard Areas (Reg H-2).
- Approved, November 28, 2011
Forms -- final Board review to implement the Capital Assessments and Stress Testing (FR Y-14A and Y-14Q).
- Approved, November 16, 2011
Forms -- final Board review to extend with revision the Annual Report of Bank Holding Companies (FR Y-6), Annual Report of Foreign Banking Organizations (FR Y-7), and Report of Changes in Organizational Structure (FR Y-10).
- Approved, November 10, 2011
Forms -- initial Board review to implement the Quarterly Savings and Loan Holding Company Report (FR 2320), to extend without revision the Bank Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates (FR Y-8), and to revise without extension the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C).
- Proposed, October 13, 2011
Forms -- initial Board review to extend with revision the Survey of Terms of Business Lending (FR 2028A), Survey of Terms of Bank Lending to Farmers (FR 2028B), and Prime Rate Supplement to the Survey of Terms of Lending (FR 2028S).
- Proposed, October 5, 2011
Forms -- final Board review to extend without revision the Recordkeeping, Reporting, and Disclosure Requirements in Connection with Regulation BB (Community Reinvestment Act).
- Approved, October 3, 2011
Forms -- initial Board review to extend without revision the Recordkeeping Requirements Associated with Regulation GG (FR 4026).
- Proposed, September 14, 2011
Forms -- initial Board review to implement the Capital Assessments and Stress Testing information collection (FR Y-14A and FR Y-14Q).
- Proposed, August 31, 2011
Forms -- initial Board review to extend with revision the Report of Changes in Organizational Structure (FR Y-10), Annual Report of Bank Holding Companies (FR Y-6), and Annual Report of Foreign Banking Organizations (FR Y-7) and to extend without revision the Supplement to the Report of Changes in Organizational Structure (FR Y-10E).
- Proposed, August 4, 2011
Forms -- final Board review to extend without revision the Application for Membership in the Federal Reserve System (FR 2083-2083C), Federal Reserve Bank Stock Applications (FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, and FR 2087), and Notifications Related to Community Development and Public Welfare Investments of State Member Banks (FR H-6).
- Approved, July 28, 2011
Forms -- final Board review to extend without revision the Basel II Interagency Pillar 2 Supervisory Guidance (FR 4199).
- Approved, July 21, 2011
Forms -- initial Board review to extend without revision the Recordkeeping, Reporting, and Disclosure Requirements in Connection with Regulation BB (Community Reinvestment Act).
- Proposed, July 8, 2011
Forms -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with the Guidance on Response Programs for Unauthorized Access to Customer Information (FR 4100).
- Approved, May 24, 2011
Forms -- final Board review to extend without revision the disclosure requirements of Regulation DD (Truth in Savings).
- Approved, May 9, 2011
Forms -- initial Board review to extend without revision the Application for Membership in the Federal Reserve System (FR 2083-2083C), Application for Adjustment in the Holding of Federal Reserve Bank Stock (FR 2056), Member Banks Converting into or Merging into Nonmember Banks (FR 2086a), De Novo National Banks (FR 2030), Nonmember State Banks Converting into National Banks (FR 2030a), Member Banks in Voluntary Liquidation (FR 2086), Insolvent Member Banks (FR 2087), and Notifications Related to Community Development and Public Welfare Investments of State Member Banks (FR H-6).
- Proposed, May 2, 2011
Forms -- initial Board review to extend without revision the Basel II Interagency Pillar 2 Supervisory Guidance (FR 4199).
- Proposed, April 4, 2011
Forms -- initial Board review to extend without revision the recordkeeping and disclosure requirements associated with the Guidance on Response Programs for Unauthorized Access to Customer Information (FR 4100).
- Proposed, March 10, 2011
Forms -- final Board review (1) to extend without revision the Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks (FR 2225), International Applications and Prior Notifications under Subparts A and C of Regulation K (FR K-1), International Applications and Prior Notifications under Subpart B of Regulation K (FR K-2), and Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company (FR Y-3F); (2) to extend with revision the Consumer Satisfaction Questionnaire, Federal Reserve Consumer Help (FRCH) -- Consumer Survey, and Consumer Online Complaint Form (FR 1379a, b, and c) and Bank Holding Company Application and Notification Forms (FR Y-3, Y-3N, and Y-4); and (3) to implement the Payments Systems Surveys (FR 3054a, b, c, and d).
- Approved, March 4, 2011
Forms -- final Board review to extend with revision the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C), Parent Company Only Financial Statements for Large Bank Holding Companies (FR Y-9LP), Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies (FR Y-11), Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314), Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y-7N), and Consolidated Report of Condition and Income for Edge and Agreement Corporations (FR 2886b).
- Approved, February 22, 2011
Forms -- initial Board review to extend without revision the disclosure requirements in connection with Regulation DD (Truth in Savings).
- Proposed, February 22, 2011
Forms -- final Board review to extend with revision the Application for Employment with the Board of Governors of the Federal Reserve System (FR 28) and Ongoing Intermittent Survey of Households (FR 3016), and to extend without revision the Recordkeeping Requirements Associated with the Real Estate Lending Standards Regulation for State Member Banks (Reg H-5).
- Approved, January 24, 2011
Director, Banking Supervision and Regulation
State Street Bank and Trust Company, Boston, Massachusetts -- waiver of remainder of prior-notification period to establish a branch in St. Helier, Jersey, Channel Islands.
- Granted, July 12, 2011
Director, Banking Supervision and Regulation
State Street Bank and Trust Company, Boston, Massachusetts -- waiver of remainder of prior-notification period for its Edge corporation subsidiary, State Street International Holdings, Boston, to acquire two foreign trusts.
- Granted, May 27, 2011
Director, Banking Supervision and Regulation
First Midwest Bank, Itasca, Illinois -- to establish Calumet Investment Corporation, Itasca, as an agreement corporation, and for Calumet to retain an initial investment in Calumet Investment Ltd., Hamilton, Bermuda.
- Approved, May 13, 2011
Director, Banking Supervision and Regulation
The Northern Trust International Banking Corporation, Jersey City, New Jersey -- waiver of remainder of prior-notification period to invest through its subsidiary, Northern Trust (Ireland) Limited, Dublin, Ireland, in Bank of Ireland Securities Services, Limited; Bank of Ireland Nominees Limited; IBI Nominees Limited; and IBI Property Nominees Limited.
- Granted, May 12, 2011
Director, Banking Supervision and Regulation
Standard Chartered Bank International (Americas) Limited, Miami, Florida -- waiver of remainder of prior-notification period to invest in a new Cayman Islands limited partnership.
- Granted, May 6, 2011
Director, Banking Supervision and Regulation
JPMorgan Chase & Co., New York, New York -- waiver of remainder of prior-notification period for JPMorgan Chase and certain subsidiaries to invest in certain United Kingdom-based subsidiaries, and modification of the aggregate investment limit of Regulation K.
- Granted, May 3, 2011
Director, Banking Supervision and Regulation
Silicon Valley Bank, Santa Clara, California -- waiver of prior-notice period to make an investment in Pudong Development Silicon Valley Bank, Shanghai, People's Republic of China.
- Granted, April 4, 2011
Director, Banking Supervision and Regulation
Citigroup Inc., New York, New York -- request for extension to retain certain properties.
- Granted, April 4, 2011
Secretary
Citibank, N.A., Las Vegas, Nevada -- location determination of master account at the Federal Reserve Bank of New York.
- Approved, June 16, 2011
Director, Banking Supervision and Regulation
First Command Bank, Fort Worth, Texas -- request for an exemption from section 23A of the Federal Reserve Act and Regulation W to allow First Command to purchase certain real property from its parent holding company, First Command Financial Services, Inc., Fort Worth.
- Granted, March 14, 2011
Federal Reserve Bank of Cleveland -- appointment of Gregory L. Stefani as first vice president, effective November 1, 2011.
- Approved, October 26, 2011
Federal Reserve Bank of Kansas City -- appointment of Esther George as president, effective October 1, 2011.
- Approved, September 14, 2011
Federal Reserve Bank of San Francisco -- appointment of John C. Williams as president, effective March 1, 2011.
- Approved, February 25, 2011
Regulation YY (Enhanced Prudential Standards) -- publication for comment of proposed rules to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms, in accordance with the Dodd-Frank Act.
- Approved, December 19, 2011
Secretary
Regulation BB (Community Reinvestment) -- interagency annual adjustment to the asset-size thresholds used to define "small" and "intermediate small" banks and savings associations under the Community Reinvestment Act regulations.
- Approved, December 16, 2011
Market Risk Capital Rules -- publication for comment of amended interagency notice of proposed rulemaking to remove the use of credit ratings, in accordance with the Dodd-Frank Act, and incorporate alternative standards of creditworthiness to determine capital requirements for certain debt and securitization positions.
- Approved, December 7, 2011
FOMC
Federal Open Market Committee -- minutes of the meeting on November 1-2, 2011.
- Published, November 22, 2011
Regulation Y (Bank Holding Companies and Change in Bank Control) -- final rule to require large bank holding companies to submit capital plans to the Federal Reserve annually and to obtain approval, in certain circumstances, before making capital distributions.
- Approved, November 17, 2011
Supervisory and Enforcement Responsibilities for Federal Consumer Financial Laws -- interagency statement on how the total assets of an insured bank, thrift, or credit union will be measured for purposes of determining supervisory and enforcement responsibilities under the Dodd-Frank Act.
- Announced, November 17, 2011
Regulation D (Reserve Requirements of Depository Institutions) -- final rule implementing the annual indexing of the low reserve tranche, reserve requirement exemption amount, nonexempt deposit cutoff level, and reduced reporting limit for 2012.
- Approved, October 25, 2011
Resolution Plans -- final interagency rule requiring bank holding companies with assets of $50 billion or more and nonbank financial firms designated by the Financial Stability Oversight Council to annually submit a plan for the company's rapid and orderly resolution ("living will") in the event of financial distress, in accordance with the Dodd-Frank Act.
- Approved, October 13, 2011
FOMC
Federal Open Market Committee -- minutes of the meeting on September 20-21, 2011.
- Published, October 12, 2011
Regulation VV (Proprietary Trading and Relationships with Covered Funds) -- publication for comment of an interagency rule to implement the so-called Volcker Rule of the Dodd-Frank Act, which contains certain prohibitions and restrictions on banking entities and nonbank financial companies supervised by the Federal Reserve.
- Approved, October 7, 2011
Regulations D (Reserve Requirements of Depository Institutions) and J (Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire) -- publication for comment of amendments to simplify the administration of reserve requirements and to make other technical changes.
- Approved, October 7, 2011
Flood Insurance -- interagency guidance updating the interagency questions and answers regarding flood insurance published in July 2009, and publication for comment of proposed additional revisions.
- Approved, September 29, 2011
Regulation B (Equal Credit Opportunity) -- final amendment to provide that motor vehicle dealers are not required to comply with new data-collection requirements in the Dodd-Frank Act until the Board issues final regulations to implement the statutory requirements.
- Approved, September 14, 2011
Regulation II (Debit Card Interchange Fees and Routing) -- issuance of a Small Entity Compliance Guide regarding the Board's debit card interchange rule.
- Approved, September 12, 2011
Regulation OO (Supervised Securities Holding Companies Registration) -- publication for comment of proposed rule outlining the procedures for securities holding companies to elect to be supervised by the Federal Reserve, in accordance with the Dodd-Frank Act.
- Announced, August 31, 2011
FOMC
Federal Open Market Committee -- minutes of the meeting on August 9 and of the conference call on August 1, 2011.
- Published, August 30, 2011
Regulations LL and MM (Savings and Loan Holding Companies) -- publication for comment of interim final rules establishing regulations for savings and loan holding companies and issuance of order delegating certain actions relating to savings and loan holding companies, in accordance with the Dodd-Frank Act.
- Approved, August 8, 2011
Guidance on Federal Debt -- interagency guidance to banking organizations following Standard & Poor's downgrade of U.S. debt.
- Announced, August 5, 2011
Regulation NN (Retail Foreign Exchange Transactions) -- publication for comment of a proposed rule on business-conduct standards for institutions that engage in certain foreign exchange transactions, in accordance with the Dodd-Frank Act.
- Approved, July 28, 2011
Savings and Loan Holding Company Supervision -- publication for comment of notice of the Board's intention to continue to enforce certain Office of Thrift Supervision regulations after assuming supervisory responsibility for savings and loan holding companies and their non-depository subsidiaries from the OTS in July 2011, in accordance with the Dodd-Frank Act.
- Announced, July 21, 2011
Credit Rating References -- report to Congress regarding the use of credit rating references in Board regulations and efforts to develop alternative standards of creditworthiness, in accordance with the Dodd-Frank Act.
- Approved, July 21, 2011
Prepaid Cards -- report to Congress on government-administered, general-use prepaid cards, in accordance with the Dodd-Frank Act.
- Approved, July 20, 2011
Risk Management Supervision -- joint report to Congress on risk management supervision of designated clearing entities, in accordance with the Dodd-Frank Act.
- Approved, July 18, 2011
Automated Clearinghouse and Foreign Remittance -- report to Congress on the use of the automated clearinghouse system for remittance transfers to foreign countries, in accordance with the Dodd-Frank Act.
- Approved, July 13, 2011
Bankruptcy-Related Studies -- reports to Congress on two studies conducted by the Board, in consultation with the U.S. courts, on (1) the resolution of financial companies under the bankruptcy code and (2) international coordination relating to bankruptcy process for nonbank financial institutions, as required by the Dodd-Frank Act.
- Approved, July 13, 2011
Debit Card Interchange Fees -- publication of lists of institutions subject to, and exempt from, the debit card interchange fee standards in Regulation II, which implements provisions of the Dodd-Frank Act.
- Announced, July 12, 2011
FOMC
Federal Open Market Committee -- minutes of the meeting on June 21-22, 2011.
- Published, July 12, 2011
Regulation Q (Prohibition Against Payment of Interest on Demand Deposits) -- final rule repealing Regulation Q, effective July 21, 2011, in accordance with the Dodd-Frank Act.
- Approved, July 12, 2011
Counterparty Credit Risk Management -- issuance of interagency supervisory guidance on counterparty credit risk management.
- Announced, July 5, 2011
Regulations V (Fair Credit Reporting) and B (Equal Credit Opportunity) -- final interagency amendments to require disclosure of credit scores and related information to consumers in risk-based pricing notices and adverse action notices if a credit score is used in setting the credit terms or taking adverse action, in accordance with the Dodd-Frank Act.
- Approved, July 1, 2011
Host-State Lending Ratios -- interagency release of the host-state loan-to-deposit ratios used by the banking agencies to determine compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act.
- Published, June 30, 2011
Regulation II (Debit Card Interchange Fees and Routing) -- final rule establishing standards for debit card interchange fees and prohibiting network exclusivity arrangements and routing restrictions and interim final rule with request for comment on a fraud-prevention adjustment for interchange transaction fees, in accordance with the Dodd-Frank Act.
- Approved, June 29, 2011
College Credit Card Agreements -- annual report to Congress under the Credit Card Accountability Responsibility and Disclosure Act regarding agreements between credit card issuers and institutions of higher education or certain affiliated organizations that provide for the issuance of credit cards to college students.
- Approved, June 27, 2011
Presidential $1 Coin Program -- annual report to Congress on the Presidential $1 Coin Program.
- Approved, June 27, 2011
Secretary
Margin and Capital Requirements for Swaps -- extension to July 11, 2011, of the comment period on interagency proposed rules to establish margin and capital requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants as required by the Dodd-Frank Act.
- Approved, June 22, 2011
Regulation B (Equal Credit Opportunity) -- publication for comment of a proposed rule to clarify that motor vehicle dealers temporarily are not required to comply with certain data collection requirements in the Dodd-Frank Act until the Board issues final regulations.
- Approved, June 17, 2011
Director, Consumer and Community Affairs
Regulation Z (Truth in Lending) -- annual adjustment of the dollar amount that triggers additional disclosure requirements for home morgage loans with rates or fees above a certain dollar amount.
- Approved, June 13, 2011
Capital Adequacy Guidelines -- (1) interim final rule with request for comment to allow small bank holding companies that are organized as S corporations or in mutual form to exclude subordinated debt issued to the Department of the Treasury under the Small Business Lending Fund from treatment as "debt" for purposes of certain provisions of the Board's Small Bank Holding Company Policy Statement and (2) final rule to permit bank holding companies that are organized as S corporations or in mutual form to include in tier 1 capital subordinated debt issued to the Treasury under the Troubled Asset Relief Program and to allow those companies to exclude such debt for purposes of the policy statement.
- Approved, June 11, 2011
Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) -- final rules increasing the dollar thresholds for exempt consumer credit transactions and consumer leases to $51,800, effective January 1, 2012.
- Approved, June 11, 2011
Internet Banking Authentication -- interagency supplemental supervisory guidance on customer authentication for Internet banking.
- Approved, June 11, 2011
Capital Adequacy Guidelines -- final interagency rule to amend, consistent with certain provisions of the Dodd-Frank Act, (1) the advanced approaches rule to establish a risk-based floor and (2) the general risk-based capital rules to provide limited flexibility to establish capital requirements for certain low-risk assets generally not held by insured depository institutions.
- Approved, June 9, 2011
Regulation Y (Bank Holding Companies and Change in Bank Control) -- publication for comment of amendments requiring large bank holding companies to submit capital plans annually and to provide prior notice, under certain circumstances, before making a capital distribution.
- Approved, June 9, 2011
Stress Testing Guidance -- publication for comment of interagency guidance on stress testing for banking organizations with more than $10 billion in total assets.
- Approved, May 31, 2011
Credit Card Plans -- annual report to Congress on the profitability of credit card operations of depository institutions.
- Approved, May 24, 2011
Financial Institutions Examinations -- interagency report to Congress on federal banking agencies' efforts to coordinate examinations and supervision of financial institutions, as required by the Riegle Community Development and Regulatory Improvement Act.
- Approved, May 19, 2011
FOMC
Federal Open Market Committee -- minutes of the meeting on April 26-27, 2011.
- Published, May 18, 2011
Regulation E (Electronic Fund Transfers) -- publication for comment of amendments to implement provisions of the Dodd-Frank Act that provide new protections, disclosures, and error resolution rights for consumers who send remittance transfers to recipients in foreign countries.
- Approved, May 11, 2011
Bankruptcy-Related Studies -- request for public information and comment on two studies that the Board is required to conduct, in consultation with the U.S. courts, on the resolution of financial companies under the bankruptcy code, in accordance with the Dodd-Frank Act.
- Approved, April 20, 2011
Regulation Z (Truth in Lending) -- publication for comment of proposed amendments to prohibit creditors from making mortgage loans without regard to the consumer's ability to repay and to implement limits on prepayment penalties, in accordance with the Dodd-Frank Act.
- Announced, April 19, 2011
Savings and Loan Holding Companies -- publication for comment of the Board's notice of intent to apply certain parts of its current supervisory program for bank holding companies to savings and loan holding companies after assuming supervisory responsibility for them in July 2011, in accordance with the Dodd-Frank Act.
- Approved, April 14, 2011
Margin and Capital Requirements for Swaps -- publication for comment of interagency proposed rules to establish margin and capital requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants, in accordance with the Dodd-Frank Act.
- Approved, April 8, 2011
Regulation Y -- publication for comment of interagency proposed rules requiring that certain nonbank financial companies and bank holding companies submit a resolution plan ("living will") annually and a credit exposure report quarterly, in accordance with the Dodd-Frank Act.
- Approved, April 8, 2011
Regulation Q (Prohibition Against Payment of Interest on Demand Deposits) -- publication for comment of proposed rule to repeal the regulation, in accordance with the Dodd-Frank Act.
- Announced, April 6, 2011
FOMC
Federal Open Market Committee -- minutes of the meeting on March 15, 2011.
- Published, April 5, 2011
Credit Risk Retention -- publication for comment of proposed interagency rules requiring sponsors of asset-backed securities to retain a percentage of the credit risk of the assets underlying the securities, in accordance with the Dodd-Frank Act.
- Approved, March 28, 2011
Regulation HH (Financial Market Utilities) -- publication for comment of a proposed rule related to the supervision of systemically important financial market utilities, in accordance with the Dodd-Frank Act.
- Proposed, March 28, 2011
Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) -- final rules to implement a provision of the Dodd-Frank Act that increases the dollar thresholds for exempt consumer credit transactions and consumer leases from $25,000 to $50,000, with future annual adjustments to reflect increases in the consumer price index.
- Approved, March 22, 2011
Regulation Z (Truth in Lending) -- final amendments to clarify certain aspects of prior rules applicable to open-end (not home-secured) credit plans issued under the Credit Card Accountability Responsibility and Disclosure Act.
- Approved, March 16, 2011
Incentive Compensation -- publication for comment of interagency proposed rule on incentive compensation arrangements at covered financial institutions, in accordance with the Dodd-Frank Act.
- Approved, March 3, 2011
Regulation CC (Availability of Funds and Collection of Checks) -- publication for comment of amendments to encourage banks to clear and return checks electronically, add provisions that govern electronic items cleared through the check-collection system, and shorten the "exception" hold periods on deposited funds.
- Approved, March 1, 2011
Regulations V (Fair Credit Reporting) and B (Equal Credit Opportunity) -- publication for comment of interagency amendments to require disclosure of credit scores and related information to consumers in risk-based pricing notices and adverse action notices if a credit score is used in setting the credit terms or taking adverse action, in accordance with the Dodd-Frank Act.
- Approved, February 28, 2011
Regulation Z (Truth in Lending) -- final rule and request for public comment on a second rule to revise the escrow account requirements for certain home mortgage loans in accordance with the Dodd-Frank Act.
- Approved, February 22, 2011
FOMC
Federal Open Market Committee -- minutes of the meeting on January 25-26, 2011.
- Published, February 16, 2011
Regulation Y -- final rule to implement the conformance period during which banking entities and nonbank financial companies supervised by the Board must bring their activities and investments into compliance with the prohibitions and restrictions on proprietary trading and relationships with hedge funds and private equity funds imposed by the so-called Volcker Rule in the Dodd-Frank Act.
- Announced, February 9, 2011
Regulation Y -- publication for comment of proposed rules to establish criteria for determining whether a company is "predominantly engaged in financial activities" and to define the terms "significant nonbank financial company" and "significant bank holding company," in accordance with the Dodd-Frank Act.
- Announced, February 8, 2011
Regulation Z (Truth in Lending) -- notice that the Board does not expect to finalize three pending rulemakings under Regulation Z (Docket Nos. R-1366, R-1367, and R-1390) before the transfer of rulemaking authority to the Consumer Financial Protection Bureau.
- Announced, February 1, 2011
S.A.F.E. Act Registration Period -- interagency announcement that on January 31, 2011, the Nationwide Mortgage Licensing System and Registry will begin accepting registrations by residential mortgage loan originators that are federally regulated, as required by the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) and the Board's implementing regulation.
- Approved, January 28, 2011
Reporting Requirements for Savings and Loan (S&L) Holding Companies -- publication for comment of notice of intent to require S&L holding companies to submit the same reports as bank holding companies, beginning with the March 31, 2012, report date, pursuant to the transfer of supervisory functions for S&L holding companies to the Board under the Dodd-Frank Act.
- Approved, January 28, 2011
Government Accountability Office -- response to the GAO report "Mortgage Foreclosures: Additional Mortgage Servicers Actions Could Help Reduce the Frequency and Impact of Abandoned Foreclosures."
- Approved, January 21, 2011
Office of Thrift Supervision Transition Plan -- interagency report to Congress regarding the transfer of OTS authority and responsibilities to the Board, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation, in accordance with the Dodd-Frank Act.
- Approved, January 11, 2011
FOMC
Federal Open Market Committee -- minutes of the meeting on December 14, 2010.
- Published, January 4, 2011
Director, Banking Supervision and Regulation
Farmers and Merchants Bank of Long Beach, Long Beach, California -- to make a public welfare investment.
- Approved, October 28, 2011
Director, Banking Supervision and Regulation
Regions Bank, Birmingham, Alabama -- to make certain public welfare investments.
- Approved, September 30, 2011
Director, Banking Supervision and Regulation
Regions Bank, Birmingham, Alabama -- to make certain public welfare investments.
- Approved, March 11, 2011
Director, Banking Supervision and Regulation
SunTrust Bank, Atlanta, Georgia -- to make certain public welfare investments.
- Approved, March 1, 2011
Foreclosure Review Process -- statement by Scott G. Alvarez, general counsel, on the Federal Reserve's progress in implementing the foreclosure review process and related enforcement actions, submitted for the record to a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs for a hearing on helping homeowners harmed by foreclosures.
- Published, December 13, 2011
Dodd-Frank Act Implementation -- statement by Governor Tarullo before the Senate Committee on Banking, Housing, and Urban Affairs on the Federal Reserve's implementation of the Dodd-Frank Act.
- Published, December 6, 2011
Economic Outlook and Monetary Policy -- statement by Chairman Bernanke before the Joint Economic Committee of the U.S. Congress on the economic outlook and recent monetary policy actions.
- Published, October 4, 2011
Banking Supervision and Regulation -- statement by Kevin M. Bertsch, associate director, Division of Banking Supervision and Regulation, before a field hearing in Newnan, Georgia, of a subcommittee of the House Committee on Financial Services on the Federal Reserve's efforts to ensure a consistent approach to the examination of community banking organizations.
- Published, August 16, 2011
Credit Ratings Agencies -- statement by Mark E. Van Der Weide, senior associate director, Division of Banking Supervision and Regulation, before a subcommittee of the House Committee on Financial Services on references to credit ratings in Board regulations and the development of alternative standards of creditworthiness.
- Published, July 27, 2011
Dodd-Frank Act -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on the first anniversary of the Dodd-Frank Act.
- Published, July 21, 2011
Mortgage Origination -- statement by Sandra F. Braunstein, director, Division of Consumer and Community Affairs, before a subcommittee of the House Committee on Financial Services on regulatory actions taken by the Board to address the recent challenges in the home mortgage market and to enhance consumer protections for homeowners.
- Published, July 13, 2011
Monetary Policy -- statement by Chairman Bernanke before the House Committee on Financial Services on July 13 and the Senate Committee on Banking, Housing, and Urban Affairs on July 14, 2011, on the semiannual monetary policy report to the Congress.
- Discussed, July 7, 2011
Mortgage Servicing -- statement by the Board submitted for the record in connection with a hearing on July 7, 2011, by two subcommittees of the House Committee on Financial Services on the role of federal regulators in addressing mortgage-servicing issues and the development of new national mortgage-servicing standards.
- Published, July 7, 2011
Capital and Liquidity Standards -- statement by Governor Tarullo before the House Committee on Financial Services on capital and liquidity standards and their relationship to international competitiveness.
- Published, June 16, 2011
Banking Supervision -- statement by Michael R. Foley, senior associate director, Division of Banking Supervision and Regulation, before a subcomittee of the Senate Committee on Banking, Housing, and Urban Affairs on the supervision and examination of financial institutions and changes to the Board's supervisory policies and procedures in response to the recent financial crisis.
- Published, June 15, 2011
Dodd-Frank Act and Derivatives -- statement by Michael S. Gibson, senior associate director, Division of Research and Statistics, before the Senate Committee on Agriculture, Nutrition, and Forestry regarding the implementation of title VII of the Dodd-Frank Act and the Board's responsibilities for over-the-counter derivatives.
- Published, June 15, 2011
Federal Reserve Lending Disclosures -- statement by Scott G. Alvarez, general counsel, Board of Governors, and Thomas C. Baxter Jr., general counsel, Federal Reserve Bank of New York, before a subcommittee of the House Committee on Financial Services on the Federal Reserve's compliance with the disclosure provisions of the Dodd-Frank Act.
- Published, June 1, 2011
Systemic Risk and Financial Stability -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on the Federal Reserve's role in monitoring systemic risk and promoting financial stability.
- Published, May 12, 2011
Financial Literacy -- statement by Chairman Bernanke, submitted for the record of a hearing by a subcommittee of the Senate Committee on Homeland Security and Governmental Affairs on April 12, 2011, regarding the importance of financial literacy to a stable economy and the Federal Reserve's efforts to help Americans make informed financial decisions.
- Published, April 20, 2011
Financial Stability Oversight Council -- statement by J. Nellie Liang, director, Office of Financial Stability Policy and Research, before a subcommittee of the House Committee on Financial Services on the Board's role as a member of the Financial Stability Oversight Council.
- Published, April 14, 2011
Risk Retention -- statement by Scott G. Alvarez, general counsel, before a subcommittee of the House Committee on Financial Services regarding implementation of the risk-retention requirements under the Dodd-Frank Act.
- Published, April 14, 2011
Derivatives Regulation -- statement by Governor Tarullo before the Senate Committee on Banking, Housing, and Urban Affairs regarding the Board's views on implementation of title VII of the Dodd-Frank Act.
- Published, April 12, 2011
Community Banking -- statement by Maryann Hunter, deputy director, Division of Banking Supervision and Regulation, before a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs regarding the challenges and opportunities facing community banks.
- Published, April 6, 2011
Term Asset-Backed Securities Loan Facility (TALF) -- statement by William R. Nelson, Deputy Director, Division of Monetary Affairs, before the Congressional Oversight Panel for the Troubled Asset Relief Program on the establishment and operation of the TALF, the effects of the program, and steps taken to control risk.
- Published, March 4, 2011
Monetary Policy -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on March 1, and the House Committee on Financial Services on March 2, 2011, on the semiannual monetary policy report to the Congress.
- Discussed, February 24, 2011
Dodd-Frank Act Implementation -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on the Federal Reserve's implementation of the Dodd-Frank Act.
- Published, February 17, 2011
Interchange Fees -- statement by Governor Raskin before a subcommittee of the House Committee on Financial Services regarding the Board's proposed rule to implement the interchange-fee provisions of the Dodd-Frank Act.
- Published, February 17, 2011
Dodd-Frank Act and Derivatives -- statement by Governor Tarullo before the House Committee on Financial Services on the implementation of the provisions in the Dodd-Frank Act affecting over-the-counter derivatives.
- Published, February 15, 2011
Economic Outlook and Monetary and Fiscal Policy -- statement by Chairman Bernanke before the House Committee on the Budget on the economic outlook, monetary policy, and issues related to the federal budget.
- Published, February 9, 2011
Commercial Real Estate -- statement by Patrick M. Parkinson, director, Division of Banking Supervision and Regulation, before the Congressional Oversight Panel on the current state of commercial real estate finance and its relationship to the stability of the financial system.
- Published, February 4, 2011
The Economic Outlook and Monetary and Fiscal Policy -- statement by Chairman Bernanke before the Senate Committee on the Budget on current economic conditions, recent monetary policy actions, and issues related to the federal budget.
- Published, January 7, 2011
Division of International Finance -- appointment of Steven B. Kamin as director, effective December 11, 2011.
- Announced, December 8, 2011
Division of Banking Supervision and Regulation -- appointment of Michael S. Gibson as director, effective January 1, 2012.
- Announced, November 30, 2011
Division of Research and Statistics -- appointment of Michael Gibson, William Wascher, David Reifschneider, and Janice Shack-Marquez as deputy directors; Michael Cringoli as associate director; Jeff Campione and Sandra Cannon as deputy associate directors; Elizabeth Kiser, John Stevens, and Stacey Tevlin as assistant directors; and Larry Slifman as senior adviser.
- Announced, November 8, 2011
Management Division -- appointment of William Mitchell as deputy director and chief financial officer.
- Announced, November 8, 2011
Division of Consumer and Community Affairs -- appointment of Tonda Price as deputy director, Suzanne Killian, James Michaels, and Allen Fishbein as associate directors; Joseph Firschein as deputy associate director; and Marisa Reid, Carol Evans, and David Buchholz as assistant directors.
- Announced, September 27, 2011
Division of Monetary Affairs -- appointment of Joyce Zickler as senior adviser.
- Announced, September 15, 2011
Division of International Finance -- appointment of Steven B. Kamin as acting director.
- Announced, August 8, 2011
Legal Division -- appointment of Laurie Schaffer as associate general counsel and Jean C. Anderson and Alison M. Thro as assistant general counsels, effective July 31, 2011.
- Announced, July 28, 2011
Division of Banking Supervision and Regulation -- appointment of Kirk Odegard, Michael Sexton, and Richard Watkins as assistant directors and of Richard A. Naylor and Lisa DeFerrari as deputy associate directors.
- Announced, July 18, 2011
Management Division -- appointment of Tara Pelitere as associate director and of Elaine Boutilier as senior adviser.
- Announced, July 18, 2011
Office of the Secretary -- appointment of Michael J. Lewandowski as assistant secretary.
- Announced, July 18, 2011
Division of Banking Supervision and Regulation -- appointment of Michael D. Solomon as associate director.
- Announced, July 12, 2011
Division of Monetary Affairs -- appointment of Fabio M. Natalucci as deputy associate director.
- Announced, July 12, 2011
Division of Research and Statistics -- appointment of David W. Wilcox as director, effective October 1, 2011.
- Approved, July 6, 2011
Office of Inspector General -- appointment of Mark Bialek as inspector general of the Board and the Bureau of Consumer Financial Protection, effective July 25, 2011.
- Announced, June 30, 2011
Division of Banking Supervision and Regulation -- appointment of Lisa H. Ryu as assistant director.
- Announced, May 16, 2011
Office of Inspector General -- appointment of Elise M. Ennis as acting inspector general.
- Announced, May 10, 2011
Management Division -- appointment of Richard A. Anderson as director of the division and as the Board's chief operating officer, effective April 18, 2011.
- Announced, April 7, 2011
Division of Reserve Bank Operations and Payment Systems -- appointment of Jeff Stehm as senior associate director; Susan Foley as associate director; Michael Lambert as deputy associate director; and Jennifer Lucier and Stuart Sperry as assistant directors.
- Announced, March 29, 2011
Division of Monetary Affairs -- appointment of J. David Lopez-Salido as assistant director and Ellen Meade as senior adviser.
- Announced, February 24, 2011
Management Division -- appointment of Brender L. Gregory as associate director.
- Announced, January 21, 2011
Division of Research and Statistics -- appointment of Michael Gibson, Janice Shack-Marquez, and Daniel Sichel as senior associate directors; Daniel Covitz, Matthew Eichner, Eric Engen, Michael Kiley, David Lebow, and Michael Palumbo as associate directors; Sean Campbell and Joshua Gallin as deputy associate directors; and Elizabeth Kiser, Karen Pence, John Roberts, Steven Sharpe, John Stevens, and Stacey Tevlin as assistant directors.
- Announced, January 21, 2011
Term Deposit Facility -- TDF auction of $5 billion in 28-day term deposits on September 19, 2011.
- Announced, September 14, 2011
Term Deposit Facility -- TDF auction of $5 billion in 28-day term deposits on July 25, 2011.
- Announced, July 20, 2011
Monetary Policy -- semiannual monetary policy report to the Congress.
- Authorized, July 5, 2011
Term Deposit Facility -- TDF auction of $5 billion in 28-day term deposits on May 31, 2011.
- Announced, May 25, 2011
Term Deposit Facility -- TDF auction of $5 billion in 28-day term deposits on
April 4, 2011.
- Announced, March 30, 2011
American International Group, Inc., New York, New York -- process for disposition of assets held by Maiden Lane II, LLC.
- Approved, March 29, 2011
Monetary Policy -- semiannual monetary policy report to the Congress.
- Authorized, February 22, 2011
Term Deposit Facility -- TDF auction of $5 billion in 28-day term deposits on February 7, 2011.
- Announced, February 3, 2011
Forms -- publication for comment of a two-year phase-in period for most savings and loan holding companies (SLHCs) to file Federal Reserve regulatory reports and exemption for some SLHCs from initially filing these reports.
- Announced, August 22, 2011