| 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 Charles H. Majors as president and Drake Mills as vice president for 2013.
- Announced, October 18, 2012
Five Star Bank, Warsaw, New York -- to acquire four branches of HSBC Bank USA, National Association, McLean, Virginia, that First Niagara Bank, National Association, Buffalo, New York, contracted to purchase from HSBC, and to establish branches at those locations (FRB Order No. 2012-7).
- Approved, July 26, 2012
Secretary
Liberty Bank of Arkansas, Jonesboro, Arkansas -- to establish a branch at 1895 Harrison Street, Batesville.
- Approved, July 20, 2012
Secretary
Adams Bank & Trust, Ogallala, Nebraska -- to establish a branch at 10 Ken Pratt Boulevard, Longmont, Colorado.
- Approved, June 20, 2012
Secretary
FirstBank, Lakewood, Colorado -- to establish a branch at 2014 Grand Avenue, Glenwood Springs.
- Approved, June 14, 2012
Secretary
The Bryn Mawr Trust Company, Bryn Mawr, Pennsylvania -- to establish a branch at 135 East City Avenue, Bala Cynwyd.
- Approved, May 10, 2012
Secretary
SmartBank, Pigeon Forge, Tennessee -- to establish a branch at 302 North Peters Road, Knoxville.
- Approved, May 2, 2012
Secretary
FirstBank, Lakewood, Colorado -- to establish a branch at 13300 East Colfax Avenue, Aurora.
- Approved, April 13, 2012
Secretary
The Northern Trust Company, Chicago, Illinois -- to establish a branch at 911 South Telegraph Road, Lake Forest.
- Approved, February 29, 2012
Secretary
FirstBank, Lakewood, Colorado -- to establish a branch at 2025 North Alma School Road, Chandler, Arizona.
- Approved, February 2, 2012
Director, Banking Supervision and Regulation
ING Groep N.V., Amsterdam, The Netherlands -- relief from certain commitments.
- Granted, December 20, 2012
Director, Banking Supervision and Regulation
The Goldman Sachs Group Inc., New York, New York -- modification of a commitment.
- Granted, December 18, 2012
Director, Banking Supervision and Regulation
Oaktree Capital Management, L.P., Los Angeles, California -- modification of a commitment.
- Granted, December 18, 2012
Secretary
Bank of the Ozarks Inc., Little Rock, Arkansas -- to acquire Genala Banc, Inc., Geneva, Alabama, and its subsidiary, The Citizens Bank.
- Approved, November 29, 2012
Secretary
Eastern Bank Corporation, Boston, Massachusetts -- to acquire Campello Bancorp, Brockton, and thereby acquire The Community Bank, a Massachusetts Co-operative Bank.
- Approved, November 14, 2012
Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; and UnionBanCal Corporation, San Francisco, California -- to acquire Pacific Capital Bancorp, Santa Barbara, and its subsidiary bank, Santa Barbara Bank & Trust, N.A.; and for UnionBanCal to merge with Pacific Capital.
- Approved, November 13, 2012
General Counsel
PlainsCapital Corporation, Dallas, Texas; Hilltop Holdings, Inc.; and Diamond A Financial, L.P. -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, November 13, 2012
Director, Banking Supervision and Regulation
Castle Creek Advisors LLC, et al., Rancho Santa Fe, California -- relief from certain commitments.
- Granted, November 6, 2012
Sumitomo Mitsui Financial Group, Inc., Tokyo, Japan, and Sumitomo Mitsui Banking Corporation -- to acquire up to 9.9 percent of the voting shares of The Bank of East Asia, Limited, Hong Kong SAR, People's Republic of China, which is a registered bank holding company (FRB Order No. 2012-11).
- Approved, October 31, 2012
River Valley Bancorp, Madison, Indiana -- to acquire Dupont State Bank, Dupont, and to become a bank holding company (FRB Order No. 2012-10).
- Approved, October 17, 2012
Director, Banking Supervision and Regulation
Citigroup, Inc., New York, New York -- modification of a commitment.
- Granted, October 12, 2012
Secretary
Fulton Financial Corporation, Lancaster, Pennsylvania -- to acquire shares in Bryn Mawr Bank Corporation, Bryn Mawr, and The Bryn Mawr Trust Company.
- Approved, October 12, 2012
Director, Banking Supervision and Regulation
The Goldman Sachs Group, Inc., New York, New York -- relief from certain commitments.
- Granted, September 28, 2012
General Counsel
The Goldman Sachs Group, Inc., New York, New York -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, September 27, 2012
Secretary
American National Corporation, Omaha, Nebraska -- to acquire Western Bank, St. Paul, Minnesota.
- Approved, September 12, 2012
Old National Bancorp, Evansville, Indiana -- to acquire Indiana Community Bancorp, Columbus, and thereby acquire Indiana Bank and Trust Company (FRB Order No. 2012-9).
- Approved, August 30, 2012
General Counsel
Ally Financial Inc., Detroit, Michigan -- revised response to request to allow a director of American International Group, Inc., Wilmington, Delaware, to also serve as a director of Ally Financial Inc.
- No Objection, August 13, 2012
Director, Banking Supervision and Regulation
Barclays PLC, London, United Kingdom, and Barclays Bank PLC -- relief from certain commitments.
- Granted, August 7, 2012
BB&T Corporation, Winston-Salem, North Carolina -- to acquire BankAtlantic, Fort Lauderdale, Florida, a federal savings bank.
- Approved, July 30, 2012
Secretary
S&T Bancorp, Inc., Indiana, Pennsylvania -- to acquire Gateway Bank of Pennsylvania, McMurray (to be renamed Gateway Bank).
- Approved, July 10, 2012
General Counsel
Ally Financial Inc., Detroit, Michigan -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, July 3, 2012
Secretary
CU Bancorp, Encino, California -- to become a bank holding company by acquiring California United Bank, Encino, and to merge with Premier Commercial Bancorp, Anaheim, and thereby acquire its subsidiary bank, Premier Commercial Bank, National Association.
- Approved, June 11, 2012
Secretary
Cadence Bancorp LLC, Houston, Texas -- (1) for Cadence Bancorp to acquire Encore Bancshares, Inc., Houston, and thereby acquire Encore Bank, National Association; (2) for Cadence Bancorp's subsidiary, EMS Sub I, Inc., to become a bank holding company; and (3) elections by Cadence Bancorp and Cadence Financial Corporation, Starkville, Mississippi, to become financial holding companies.
- Approved, May 30, 2012
Morgan Stanley, New York, New York -- to acquire additional shares of Morgan Stanley Smith Barney Holdings LLC from Citigroup Inc., New York.
- Approved, May 24, 2012
Industrial and Commercial Bank of China Limited, Beijing, People's Republic of China; China Investment Corporation; and Central Huijin Investment Ltd. -- to become bank holding companies and to acquire shares of The Bank of East Asia (U.S.A.), National Association, New York, New York (FRB Order No. 2012-4).
- Approved, May 9, 2012
Director, Banking Supervision and Regulation
TCV VII, L.P., Palo Alto, California; TCV VII (A), L.P.; and TCV Member Fund, L.P. -- relief from certain commitments.
- Granted, May 2, 2012
Secretary
Bryn Mawr Bank Corporation, Bryn Mawr, Pennsylvania -- to acquire Davidson Trust Company, Devon, and thereby engage in trust services, brokerage services, and financial and investment advisory services.
- Approved, April 24, 2012
Secretary
SCBT Financial Corporation, Columbia, South Carolina -- to merge with Peoples Bancorporation, Inc., Easley, and thereby acquire its subsidiary banks, The Peoples National Bank; Bank of Anderson, N.A., Anderson; and Seneca National Bank, Seneca.
- Approved, March 30, 2012
Adam Bank Group, Inc., Tampa, Florida -- to acquire Brazos Valley Bank, N. A., College Station, Texas.
- Approved, March 20, 2012
Capital One Financial Corporation, McLean, Virginia -- commenters' requests for reconsideration of the Board's approval of Capital One's application to acquire ING Bank, fsb, Wilmington, Delaware.
- Denied, March 16, 2012
Secretary
Sandy Spring Bancorp, Inc., Olney, Maryland, and Sandy Spring Bank -- for Sandy Spring Bancorp to acquire CommerceFirst Bancorp, Inc., Annapolis, and for Sandy Spring Bank, Olney, to merge with CommerceFirst Bank, Annapolis, and thereby establish branches at the site of CommerceFirst Bank's current branches.
- Approved, February 29, 2012
Capital One Financial Corporation, McLean, Virginia -- (1) request to acquire ING Bank, fsb, Wilmington, Delaware, and indirectly acquire ShareBuilder Advisors, LLC, Seattle, Washington, and ING Direct Investing, Inc., and (2) request by ING Groep N.V., Amsterdam, The Netherlands, for a determination that it would not be deemed to control Capital One.
- Approved, February 14, 2012
Hana Financial Group Inc., Seoul, Korea -- to acquire indirect controlling interests in KEB NY Financial Corp., New York, New York, and KEB LA Financial Corp., Los Angeles, California, and thereby engage in certain nonbanking activities.
- Approved, February 8, 2012
Amalgamated Bank, New York, New York, and Workers United -- determinations in connection with Workers United's separation from UNITE HERE, a labor organization and registered bank holding company, that (1) Workers United would succeed to the benefit of the exemption for labor organizations from certain prohibitions against nonbanking activities by bank holding companies and (2) Workers United would not be required to file an application under section 3 of the Bank Holding Company Act to acquire control of Amalgamated Bank as part of the separation.
- Approved, February 8, 2012
Hana Financial Group, Inc., Seoul, Korea -- to acquire a controlling interest in Korea Exchange Bank, Seoul, and indirect controlling interests in its subsidiaries, KEB NY Financial Corp., New York, New York, and KEB LA Financial Corp., Los Angeles, California, and thereby engage in certain nonbanking activities.
- Approved, February 8, 2012
Director, Banking Supervision and Regulation
Capital One Financial Corporation, McLean, Virginia -- relief from certain commitments.
- Granted, February 6, 2012
Secretary
1st United Bancorp, Inc., Boca Raton, Florida -- to acquire Anderen Financial, Inc., Palm Harbor, and Anderen Bank.
- Approved, February 3, 2012
Secretary
Park National Corporation, Newark, Ohio -- to engage in extending credit through its subsidiary, SE Property Holdings, LLC, Newark.
- Approved, January 30, 2012
General Counsel
Seacoast Banking Corporation of Florida, Stuart, Florida -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, January 17, 2012
Secretary
The Bryn Mawr Trust Company, Bryn Mawr, Pennsylvania -- to purchase certain assets and assume certain liabilities of First Bank of Delaware, Wilmington, Delaware, and thereby establish a branch.
- Approved, August 8, 2012
Secretary
1st United Bank, Boca Raton, Florida -- to merge with Anderen Bank, Palm Harbor (supplement to approval for 1st United Bancorp, Inc., Boca Raton, to acquire Anderen Financial, Inc., Palm Harbor, and Anderen Bank on February 3, 2012).
- Confirmed, March 28, 2012
Tennessee Valley Financial Holdings, Inc., Oak Ridge, Tennessee -- written agreement dated September 26, 2011, terminated November 20, 2012.
- Announced, December 13, 2012
Community Bankers Trust Corporation, Glen Allen, Virginia, and Essex Bank, Tappahannock -- written agreement dated April 21, 2011, terminated December 5, 2012.
- Announced, December 11, 2012
HSBC Holdings plc, London, United Kingdom, and HSBC North America Holdings, Inc., New York, New York -- issuance of a consent cease and desist order against HSBC Holdings and assessment of a $165 million civil money penalty against HSBC Holdings and its U.S. subsidiary, HSBC North America Holdings, as a result of unsafe and unsound practices related to insufficient compliance with Bank Secrecy Act and anti-money-laundering requirements and U.S. economic sanctions.
- Announced, December 11, 2012
The Northwestern Bank, Chippewa Falls, Wisconsin -- written agreement dated April 27, 2010, terminated December 6, 2012.
- Announced, December 11, 2012
Standard Chartered plc, London, United Kingdom; Standard Chartered Bank; and its New York, New York branch -- issuance of a consent cease and desist order and assessment of a $100 million civil money penalty to address unsafe and unsound practices related to inadequate and incomplete responses to examiner inquiries and insufficient oversight of the institutions' compliance program for U.S. economic sanctions, Bank Secrecy Act, and anti-money-laundering requirements.
- Announced, December 10, 2012
Hanmi Financial Corporation, Los Angeles, California, and Hanmi Bank -- written agreement dated November 2, 2009, terminated December 4, 2012.
- Announced, December 6, 2012
Anadarko Bank & Trust Company, Anadarko, Oklahoma -- written agreement dated August 13, 2007, terminated November 27, 2012.
- Announced, December 6, 2012
NASB Financial, Inc., Grandview, Missouri -- written agreement with the Federal Reserve Bank of Kansas City.
- Announced, December 4, 2012
Johnson Financial Group, Inc., Racine, Wisconsin, and Johnson Bank -- written agreement dated May 10, 2011, terminated November 26, 2012.
- Announced, November 29, 2012
Bankers' Bank of the West Bancorp, Denver, Colorado, and Bankers' Bank of the West -- written agreement dated February 19, 2010, terminated November 8, 2012.
- Announced, November 15, 2012
Butte State Company, Butte, Nebraska, and Butte State Bank -- written agreement dated September 7, 2010, terminated November 9, 2012.
- Announced, November 15, 2012
National Bancorp, Inc., Schaumburg, Illinois -- written agreement dated February 17, 2011, terminated November 9, 2012.
- Announced, November 15, 2012
Foster Bankshares, Inc., Rolling Meadows, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, November 8, 2012
Boscobel Bancorp, Inc., Boscobel, Wisconsin, and Community First Bank -- written agreement dated December 23, 2010, terminated November 2, 2012.
- Announced, November 6, 2012
Liberty Bancorp of Georgia, Inc., Clayton, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the State of Georgia Department of Banking and Finance.
- Announced, November 1, 2012
Macatawa Bank Corporation, Holland, Michigan -- written agreement dated July 23, 2010, terminated October 26, 2012.
- Announced, November 1, 2012
Patapsco Bancorp, Inc., Dundalk, Maryland, and The Patapsco Bank -- written agreement with the Federal Reserve Bank of Richmond and the Maryland Commissioner of Financial Regulation.
- Announced, October 23, 2012
Sunrise Bank, Cocoa Beach, Florida -- prompt corrective action directive dated August 26, 2010, terminated October 9, 2012.
- Announced, October 11, 2012
TCSB Bancorp, Inc., Traverse City, Michigan -- written agreement dated December 6, 2010, terminated September 27, 2012.
- Announced, October 4, 2012
Northeast Securities Corporation, Minneapolis, Minnesota -- written agreement dated May 24, 2010, terminated October 1, 2012.
- Announced, October 4, 2012
SouthFirst Bancshares, Inc., Sylacauga, Alabama -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, October 2, 2012
West Concord Bancshares, Inc., West Concord, Minnesota, and Farmers State Bank of West Concord -- written agreement dated November 6, 2009, terminated September 27, 2012.
- Announced, October 2, 2012
American Express Company, New York, New York, and American Express Travel Related Services Company, Inc. -- issuance of a consent cease and desist order and assessment of a civil money penalty.
- Announced, October 1, 2012
America's Community Bank, Blue Springs, Missouri -- written agreement dated November 17, 2010, terminated September 21, 2012.
- Announced, September 27, 2012
First Capital West Bankshares, Inc., Laramie, Wyoming -- written agreement dated June 7, 2010, terminated September 20, 2012.
- Announced, September 27, 2012
Ames Community Bank, Ames, Iowa -- written agreement dated October 23, 2009, terminated September 20, 2012.
- Announced, September 25, 2012
VFSC, Inc., Eden Prairie, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, September 25, 2012
Capital Community Bancorporation, Inc., Provo, Utah -- written agreement dated September 10, 2009, terminated September 13, 2012.
- Announced, September 20, 2012
Coconut Grove Bank, Miami, Florida -- written agreement dated March 17, 2010, terminated September 12, 2012.
- Announced, September 20, 2012
First Financial Holding Co., Ltd., Taipei, Taiwan; First Commercial Bank, Ltd.; and First Commercial Bank Los Angeles Branch, Los Angeles, California -- written agreement dated March 28, 2011, terminated September 11, 2012.
- Announced, September 18, 2012
Doral Financial Corporation, San Juan, Puerto Rico -- (1) written agreement with the Federal Reserve Bank of New York and (2) cease and desist order dated March 16, 2006, terminated September 11, 2012 (two notices).
- Announced, September 13, 2012
The State Bank of Geneva, Geneva, Illinois -- written agreement with the Federal Reserve Bank of Chicago and the Illinois Department of Financial and Professional Regulation, Division of Banking.
- Announced, September 13, 2012
Rosholt Bancorporation, Inc., Rosholt, Wisconsin -- written agreement dated March 1, 2011, terminated September 4, 2012.
- Announced, September 6, 2012
MNB Holdings Corporation, San Francisco, California -- written agreement with the Federal Reserve Bank of San Francisco.
- Announced, August 30, 2012
Valley Financial Corporation, Roanoke, Virginia, and Valley Bank -- written agreement dated September 30, 2010, terminated August 20, 2012.
- Announced, August 23, 2012
PNBK Sponsor LLC, Stamford, Connecticut; PNBK Investment Partners LLC; PNBK Holdings LLC; and Patriot National Bancorp, Inc. -- written agreement with the Federal Reserve Bank of New York.
- Announced, August 16, 2012
Coastal Financial Corporation, Everett, Washington, and Coastal Community Bank -- written agreement dated September 25, 2009, terminated August 6, 2012.
- Announced, August 9, 2012
Gold Canyon Bank, Gold Canyon, Arizona -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, August 7, 2012
LegacyTexas Group, Inc., Plano, Texas, and LegacyTexas Bank -- written agreement dated August 18, 2009, terminated August 1, 2012.
- Announced, August 7, 2012
MetLife, Inc., New York, New York -- issuance of monetary sanctions totaling $3.2 million against MetLife, Inc. for failure to adequately oversee its subsidiary bank's mortgage loan servicing and foreclosure processing operations.
- Announced, August 7, 2012
Spirit BankCorp, Inc., Bristow, Oklahoma -- written agreement with the Federal Reserve Bank of Kansas City.
- Announced, August 7, 2012
The State Bank of Blue Mound, Blue Mound, Illinois -- written agreement with the Federal Reserve Bank of Chicago and the Illinois Department of Financial and Professional Regulation, Division of Banking.
- Announced, August 7, 2012
Asian Financial Corporation, Philadelphia, Pennsylvania, and Asian Bank -- issuance of a consent cease and desist order.
- Announced, August 7, 2012
Community National Bancorporation, Waterloo, Iowa -- written agreement dated February 1, 2010, terminated July 24, 2012.
- Announced, July 26, 2012
Cornerstone Bancorp, Inc., St. Petersburg, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, July 26, 2012
Heritage Oaks Bancorp, Paso Robles, California -- written agreement dated March 4, 2010, terminated July 19, 2012.
- Announced, July 26, 2012
Omega Capital Corp., Centennial, Colorado -- written agreement dated October 20, 2010, terminated July 24, 2012.
- Announced, July 26, 2012
Macon Bancorp, Franklin, North Carolina -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, July 24, 2012
Premier Financial Bancorp, Inc., Huntington, West Virginia; Abigail Adams National Bancorp, Inc., Washington, D.C.; and Consolidated Bank and Trust Company, Richmond, Virginia -- written agreement dated July 29, 2010, terminated July 23, 2012.
- Announced, July 24, 2012
Premier Financial Corp., Dubuque, Iowa, and Premier Bank -- written agreement dated July 28, 2010, terminated July 11, 2012.
- Announced, July 19, 2012
TCB Holding Company, The Woodlands, Texas -- written agreement with the Federal Reserve Bank of Dallas.
- Announced, July 17, 2012
Tower Financial Corporation, Fort Wayne, Indiana, and Tower Bank & Trust Company -- written agreement dated April 23, 2010, terminated July 10, 2012.
- Announced, July 12, 2012
First Mutual of Richmond, Inc., Richmond, Indiana, and Richmond Mutual Bancorporation, Inc. -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, July 5, 2012
Profinium Financial Holdings, Inc., Fairmont, Minnesota, and Profinium Financial, Inc., Truman -- written agreement dated July 9, 2009, terminated on June 25, 2012.
- Announced, July 3, 2012
Regal Bancorp, Inc., Owings Mills, Maryland -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, July 3, 2012
West Coast Bancorp, Lake Oswego, Oregon -- written agreement dated December 18, 2009, terminated on June 27, 2012.
- Announced, July 3, 2012
Village Bank and Trust Financial Corp., Midlothian, Virginia -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, June 28, 2012
Crown Bankshares, Inc., Edina, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, June 26, 2012
Delmar Bancorp, Salisbury, Maryland -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, June 26, 2012
One Financial Corporation, Little Rock, Arkansas -- written agreement with the Federal Reserve Bank of St. Louis.
- Announced, June 21, 2012
Frontier National Corporation, Chelsea, Alabama -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, June 21, 2012
Calvert Financial Corporation, Ashland, Missouri, and Mainstreet Bank -- written agreement with the Federal Reserve Bank of St. Louis.
- Announced, June 14, 2012
Commerzbank AG, Frankfurt am Main, Germany, and Commerzbank AG New York Branch, New York, New York -- written agreement with the Federal Reserve Bank of New York.
- Announced, June 14, 2012
First Security Bank of Malta, Malta, Montana -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, June 14, 2012
Grant Park Bancshares, Inc., Grant Park, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, June 14, 2012
Robertson Holding Company, L.P., Harrogate, Tennessee; Unified Shares, LLC; Commercial Bancgroup, Inc.; and Commercial Bank -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, June 14, 2012
Orion Bancorp, Naples, Florida, and Orion Bank -- issuance of a consent order of prohibition against Jerry Williams, a former president, chief executive officer, chairman of the board, and institution-affiliated party of the former bank holding company and the former bank.
- Announced, June 13, 2012
Baylake Corp., Sturgeon Bay, Wisconsin, and Baylake Bank -- written agreement dated December 23, 2010, terminated June 4, 2012.
- Announced, June 12, 2012
ColoEast Bankshares, Inc., Lamar, Colorado -- written agreement with the Federal Reserve Bank of Kansas City.
- Announced, June 12, 2012
First Trust Corporation, New Orleans, Louisiana -- written agreement with the Federal Reserve Bank of Atlanta and the Louisiana Office of Financial Institutions.
- Announced, June 12, 2012
Mariner's Bancorp, Edgewater, New Jersey -- written agreement with the Federal Reserve Bank of New York.
- Announced, June 5, 2012
Paradise Bank, Boca Raton, Florida -- written agreement dated April 16, 2010, terminated May 30, 2012.
- Announced, June 5, 2012
Battle Creek State Company, Inc., Battle Creek, Nebraska, and Battle Creek State Bank -- written agreement dated August 9, 2010, terminated May 24, 2012.
- Announced, May 31, 2012
Castle Rock Bank, Castle Rock, Colorado -- written agreement dated May 25, 2010, terminated May 24, 2012.
- Announced, May 31, 2012
Pacific Capital Bancorp, Santa Barbara, California -- written agreement dated May 11, 2010, terminated May 23, 2012.
- Announced, May 29, 2012
Premier Bank, Denver, Colorado -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, May 29, 2012
Enforcement Actions -- action plans for supervised financial institutions to correct deficiencies in residential mortgage loan servicing and foreclosure processing, as required by formal enforcement actions issued by the Federal Reserve last year.
- Announced, May 24, 2012
Guaranty Bancorp, Denver, Colorado, and Guaranty Bank and Trust Company
-- written agreement dated January 22, 2010, terminated May 16, 2012.
- Announced, May 22, 2012
BankTennessee Bancshares, Inc., Collierville, Tennessee, and BankTennessee -- written agreement dated March 25, 2010, terminated May 4, 2012.
- Announced, May 17, 2012
Grand Bankshares, Inc., West Palm Beach, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, May 15, 2012
AB&T Financial Corporation, Gastonia, North Carolina -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, May 10, 2012
ACME Holding Company, Inc., Employee Stock Ownership Plan, Mulberry, Arkansas; ACME Holding Company, Inc.; and Allied Bank -- written agreement with the Federal Reserve Bank of St. Louis.
- Announced, May 10, 2012
MidSouth Bank, Murfreesboro, Tennessee -- written agreement dated August 5, 2010, terminated April 26, 2012.
- Announced, May 1, 2012
Community First, Inc., Columbia, Tennessee -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, April 25, 2012
North Valley Bank, Zanesville, Ohio -- written agreement dated May 4, 2010, terminated April 19, 2012.
- Announced, April 25, 2012
Truman Bank, Clayton, Missouri -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, April 24, 2012
Community West Bancshares, Goleta, California -- written agreement with the Federal Reserve Bank of San Francisco.
- Announced, April 24, 2012
North Valley Bancorp, Redding, California, and North Valley Bank -- written agreement dated January 6, 2010, terminated April 16, 2012.
- Announced, April 24, 2012
Pacific International Bancorp, Seattle, Washington -- written agreement with the Federal Reserve Bank of San Francisco.
- Announced, April 24, 2012
Citizens Republic Bancorp, Inc., Flint, Michigan, and Citizens Bank -- written agreement dated July 28, 2010, terminated April 17, 2012.
- Announced, April 19, 2012
Bank of New York Mellon, New York, New York -- issuance of a consent cease and desist order and assessment of a civil money penalty against the bank regarding allegations that it breached certain representations and warranties made in connection with its participation in the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility.
- Announced, April 16, 2012
NCAL Bancorp, Los Angeles, California -- written agreement with the Federal Reserve Bank of San Francisco.
- Announced, April 12, 2012
Raton Capital Corporation, Raton, New Mexico -- written agreement with the Federal Reserve Bank of Kansas City.
- Announced, April 12, 2012
First National Community Bancorp, Dunmore, Pennsylvania, and Urban Financial Group, Inc., Bridgeport, Connecticut -- issuance of a final decision and a cease and desist order against Louis A. DeNaples, an institution-affiliated party.
- Announced, April 10, 2012
First Bancshares, Inc., of Cold Spring, Cold Spring, Minnesota -- written agreement dated August 16, 2010, terminated March 29, 2012.
- Announced, April 3, 2012
Morgan Stanley, New York, New York -- issuance of a consent order to address a pattern of misconduct in residential mortgage loan servicing and foreclosure processing at its subsidiary, Saxon Mortgage Services, Inc., Fort Worth, Texas.
- Announced, April 3, 2012
Banco Espirito Santo S.A., Lisbon, Portugal, and Espirito Santo e Comercial de Lisboa, Inc., Newark, New Jersey -- issuance of a consent cease and desist order and order of assessment of a civil money penalty.
- Announced, April 2, 2012
Cadence Financial Corporation, Starkville, Mississippi -- written agreement dated November 17, 2010, terminated on March 20, 2012.
- Announced, March 27, 2012
Orrstown Financial Services, Inc., Shippensburg, Pennsylvania, and Orrstown Bank -- written agreement with the Federal Reserve Bank of Philadelphia.
- Announced, March 27, 2012
Remer Bancorporation, Inc., Remer, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, March 22, 2012
Mid America Bank and Trust Company, Dixon, Missouri -- written agreement dated June 8, 2007, terminated March 14, 2012.
- Announced, March 20, 2012
Citizens Bancshares, Inc., Edmond, Oklahoma, and The Citizens Bank of Edmond -- written agreement dated January 27, 2010, terminated March 13, 2012.
- Announced, March 15, 2012
Credit Suisse AG, Zurich, Switzerland -- cease and desist order dated December 16, 2009, terminated March 14, 2012.
- Announced, March 15, 2012
Central Bancorp, Inc., Garland, Texas -- written agreement with the Federal Reserve Bank of Dallas and the Banking Commissioner of the Texas Department of Banking.
- Announced, March 13, 2012
Enforcement Actions -- action plans for supervised financial institutions to correct deficiencies in residential mortgage loan servicing and foreclosure processing, as required by formal enforcement actions issued by the Federal Reserve last year.
- Announced, March 8, 2012
Sterling Financial Corporation, Spokane, Washington -- written agreement dated December 24, 2009, terminated March 5, 2012.
- Announced, March 8, 2012
Enforcement Actions -- action plans for supervised financial institutions to correct deficiencies in residential mortgage loan servicing and foreclosure processing, as required by formal enforcement actions issued by the Federal Reserve last year.
- Announced, February 27, 2012
Commerce Bancshares, Inc., Edina, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, February 23, 2012
Commerce Bancshares, Inc., Franklin, Tennessee -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, February 14, 2012
Enforcement Actions -- issuance of consent orders of assessment of civil money penalties related to sanctions against five banking organizations (Bank of America Corporation; Citigroup Inc.; Ally Financial, Inc.; JPMorgan Chase & Co.; and Wells Fargo & Company) for unsafe and unsound processes and practices in residential mortgage loan servicing and processing.
- Announced, February 13, 2012
Enforcement Actions -- agreement in principle regarding the issuance of monetary sanctions totaling $766.5 million against five banking organizations (Bank of America Corp.; Citigroup Inc.; Ally Financial, Inc.; JPMorgan Chase & Co.; and Wells Fargo & Co.) for unsafe and unsound processes and practices in residential mortgage loans servicing and foreclosure processing.
- Announced, February 9, 2012
Ambank Holdings, Inc., Davenport, Iowa -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, February 7, 2012
Brogan Bankshares, Inc., Kaukauna, Wisconsin -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, February 7, 2012
CoastalSouth Bancshares, Inc., Hilton Head, South Carolina -- written agreement with the Federal Reserve Bank of Richmond.
- Announced, February 7, 2012
Bank of Bartlett, Bartlett, Tennessee -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, January 31, 2012
Capitol City Bancshares, Inc., Atlanta, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the State of Georgia Department of Banking and Finance.
- Announced, January 31, 2012
Tennessee Central Bancshares, Inc., Parsons, Tennessee -- written agreement with the Federal Reserve Bank of St. Louis.
- Announced, January 19, 2012
Southwest Florida Community Bancorp, Inc., Fort Myers, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, January 17, 2012
Gold Canyon Bank, Gold Canyon, Arizona -- written agreement with the Federal Reserve Bank of San Francisco and the Arizona Department of Financial Institutions.
- Announced, January 10, 2012
Director, Banking Supervision and Regulation
Wells Fargo & Company, San Francisco, California -- extension of time to divest certain merchant banking investments.
- Granted, December 20, 2012
Secretary
FirstMerit Corporation, Akron, Ohio -- commenter's request to extend the comment period on the application to acquire Citizens Republic Bancorp, Inc., Flint, Michigan, and its subsidiary, Citizens Bank.
- Denied, December 18, 2012
Secretary
BB&T Corporation, Winston-Salem, North Carolina -- extension of time to meet certain regulatory reporting requirements.
- Granted, December 5, 2012
Secretary
Liberty Bank of Arkansas, Jonesboro, Arkansas -- extension to March 19, 2013, to establish a branch at 1400 East Joyce Boulevard, Fayetteville.
- Granted, December 4, 2012
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 20, 2012
Director, Banking Supervision and Regulation
BNP Paribas, Paris, France -- extension of time to divest a merchant banking investment.
- Granted, November 7, 2012
Secretary
M&T Bank Corporation, Buffalo, New York -- extension of time to receive comments from certain commenters on the application to acquire Hudson City Bancorp, Inc., Paramus, New Jersey, and Hudson City Savings Bank, FSB.
- Granted, November 5, 2012
Secretary
Customers Bancorp, Inc., Wyomissing, Pennsylvania, and Customers Bank, Phoenixville -- extension of time to receive comments from a commenter on the application to acquire Acacia Federal Savings Bank, Falls Church, Virginia.
- Granted, October 5, 2012
Secretary
MetLife, Inc., New York, New York -- extension to January 5, 2013, to resubmit a capital plan.
- Granted, September 27, 2012
Director, Banking Supervision and Regulation
Citigroup Inc., New York, New York -- extension of time to divest certain real estate.
- Granted, September 25, 2012
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 19, 2012
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 19, 2012
Secretary
American Express Company, New York, New York -- extension of time to meet certain regulatory reporting requirements.
- Granted, August 27, 2012
Secretary
Capital One Financial Corporation, McLean, Virginia -- extension of time to meet certain regulatory reporting requirements.
- Granted, August 27, 2012
Secretary
KeyCorp, Cleveland, Ohio -- extension of time to meet certain regulatory reporting requirements.
- Granted, August 27, 2012
General Counsel
Oceanic Bank Holding, Inc., San Francisco, California -- request for an extension of the term of the voting trust arrangement established to hold the shares of Oceanic Bank Holding, Inc., San Francisco, and indirectly Oceanic Bank.
- Granted, August 20, 2012
Director, Banking Supervision and Regulation
Citigroup Inc., New York, New York -- requests for extensions to retain certain properties held by indirect subsidiaries in Mexico and El Salvador.
- Granted, August 13, 2012
Director, Banking Supervision and Regulation
Citigroup Inc., New York, New York -- request for extension to retain certain properties held by indirect subsidiaries in Honduras.
- Granted, August 13, 2012
Secretary
Leveraged Lending -- commenters' requests to extend the comment period on the proposed interagency guidance on leveraged lending.
- Denied, June 4, 2012
Secretary
Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; and UnionBanCal Corporation, San Francisco, California -- commenters' requests to extend the comment periods on the applications to acquire shares of Pacific Capital Bancorp, Santa Barbara, California, and Santa Barbara Bank
& Trust, N.A.
- Denied, May 16, 2012
Secretary
Silicon Valley Bank, Santa Clara, California -- extension of time to invest in Pudong Development Silicon Valley Bank, Shanghai, People's Republic of China.
- Granted, May 1, 2012
The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania -- extension to January 1, 2014, of the first-floor-period start date under the advanced approaches risk-based capital rule for bank holding companies.
- Granted, April 24, 2012
TD Bank US Holding Company, Portland, Maine -- extension to July 1, 2014, of the first-floor-period start date under the advanced approaches risk-based capital rule for bank holding companies.
- Granted, April 24, 2012
General Counsel
Oceanic Bank Holding, Inc., San Francisco, California -- request for an extension of the term of the voting trust arrangement established to hold the shares of Oceanic Bank Holding, Inc., San Francisco, and indirectly Oceanic Bank.
- Granted, April 24, 2012
Secretary
Inspire Bancshares, Inc., Tomah, Wisconsin -- extension of time to receive comments from a commenter on the application to become a bank holding company and to acquire Community State Bank, Norwalk.
- Granted, January 6, 2012
Director, Banking Supervision and Regulation
Japan Bank for International Cooperation (JBIC), Tokyo, Japan -- request for determination that its successor institution, formed through the demerger of JBIC from Japan Finance Corporation, is not a foreign bank for purposes of the representative-office provisions of Regulation K (International Banking Operations).
- Approved, July 11, 2012
Agricultural Bank of China Limited, Beijing, People's Republic of China -- to establish a branch in New York, New York (FRB Order No. 2012-5).
- Approved, May 9, 2012
Bank of China Limited, Beijing, People's Republic of China -- to establish a branch in Chicago, Illinois (FRB Order No. 2012-6).
- Approved, May 9, 2012
Banco del Pacifico, S.A., Guayaquil, Ecuador -- to place the shares of its subsidiary bank, Pacific National Bank, Miami, Florida, in a temporary U.S. voting trust in connection with the transfer of Banco del Pacifico from the Central Bank of Ecuador to another government-owned company, Corporacion Financiera Nacional.
- Approved, April 10, 2012
Forms -- final Board review to extend with revision the Weekly Report of Dealer Positions (FR 2004A), Weekly Report of Cumulative Dealer Transactions (FR 2004B), Weekly Report of Dealer Financing and Fails (FR 2004C), Weekly Report of Specific Issues (FR 2004SI), Daily Report of Specific Issues (FR 2004SD), Supplement to the Daily Report of Specific Issues (FR 2004SD ad hoc), and Daily Report of Dealer Activity in Treasury Financing (FR 2004WI).
- Approved, December 13, 2012
Forms -- initial Board review to revise the Capital Assessments and Stress Testing (FR Y-14A/Q/M).
- Proposed, December 12, 2012
Forms -- final Board review to implement the Retail Payments Surveys: Depository and Financial Institution Payments Survey (FR 3066a); Network, Processor, and Issuer Payments Surveys (FR 3066b); Check Sample Survey (FR 3066c); and Retail Payments Survey Supplement (FR 3066d).
- Approved, December 6, 2012
Forms -- final Board review to extend without revision the Consolidated Bank Holding Company Report of Equity Investments in Nonfinancial Companies (FR Y-12) and the Annual Report of Merchant Banking Investments Held for an Extended Period (FR Y-12A).
- Approved, November 27, 2012
Forms -- initial Board review to extend with revision the interagency Suspicious Activity Report (FR 2230).
- Proposed, November 23, 2012
Forms -- final Board review to amend the respondent panels for the Report of Changes in Organizational Structure (FR Y-10) and the Annual Report of Bank Holding Companies (FR Y-6).
- Approved, November 19, 2012
Forms -- initial Board review to extend without revision the Monthly Report of Traveler's Checks Outstanding (FR 2054); disclosure and reporting requirements of CRA-Related Agreements (Reg G); and disclosure requirements of Subpart H of Regulation H (Consumer Protections in Sales of Insurance) (Reg H-7).
- Proposed, November 15, 2012
Forms -- final Board review to extend without revision the Recordkeeping Requirements Associated with the Interagency Statement on Complex Structured Finance Activities (FR 4022).
- Approved, November 12, 2012
Forms -- initial Board review to extend with revision the Consumer Satisfaction Questionnaire (FR 1379a), Federal Reserve Consumer Help (FRCH) - Consumer Survey (FR 1379b), and Consumer Online Complaint Form (FR 1379c), and Semiannual Report of Derivatives Activity (FR 2436); to extend without revision the Domestic Branch Notification (FR 4001); and to conduct the Central Bank Survey of Foreign Exchange and Derivatives Market Activity (FR 3036).
- Proposed, October 31, 2012
Forms -- final Board review to extend with revision the Capital Assessments and Stress Testing information collection (FR Y-14A/Q/M).
- Approved, September 27, 2012
Forms -- initial Board review to extend without revision the Consolidated Bank Holding Company Report of Equity Investments in Nonfinancial Companies (FR Y-12) and Annual Report of Merchant Banking Investments Held for an Extended Period (FR Y-12A).
- Proposed, September 11, 2012
Forms -- final 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).
- Approved, August 31, 2012
Forms -- initial Board review to implement the Retail Payments Surveys: Depository and Financial Institution Payments Survey (FR 3066a); Network, Processor, and Issuer Payments Surveys (FR 3066b); Check Sample Survey (FR 3066c); and Retail Payments Survey Supplement (FR 3066d).
- Proposed, August 28, 2012
Forms -- initial Board review to extend without revision the Recordkeeping Requirements Associated with the Interagency Statement on Complex Structured Finance Activities (FR 4022).
- Proposed, August 22, 2012
Forms -- initial Board review to extend with revision the Weekly Report of Dealer Positions (FR 2004A), Weekly Report of Cumulative Dealer Transactions (FR 2004B), Weekly Report of Dealer Financing and Fails (FR 2004C), Weekly Report of Specific Issues (FR 2004SI), Daily Report of Specific Issues (FR 2004SD), Supplement to the Daily Report of Specific Issues (FR 2004SD ad hoc), and Daily Report of Dealer Activity in Treasury Financing (FR 2004WI), and to implement the Banking Organization Systemic Risk Report (FR Y-15).
- Proposed, August 14, 2012
Forms -- final Board review to extend without revision the Report of Transaction Accounts, Other Deposits and Vault Cash (FR 2900), Annual Report of Deposits and Reservable Liabilities (FR 2910a), Report of Foreign (Non-U.S.) Currency Deposits (FR 2915), Allocation of Low Reserve Tranche and Reservable Liabilities Exemption (FR 2930), Supervisory and Regulatory Survey (FR 3052), and Consumer Financial Stability Surveys (FR 3053).
- Approved, July 29, 2012
Forms -- final Board review to extend without revision the Suspicious Activity Report (FR 2230).
- Approved, July 9, 2012
Forms -- initial Board review to extend with revision the Capital Assessments and Stress Testing information collection (FR Y-14A/Q/M).
- Proposed, June 28, 2012
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, May 25, 2012
Forms -- final Board review to extend without revision the Recordkeeping Requirements Associated with Changes in Foreign Investments (Made Pursuant to Regulation K) (FR 2064) and Notice Requirements in Connection with Regulation W (12 CFR Part 223 Transactions Between Member Banks and Their Affiliates).
- Approved, May 17, 2012
Forms -- final Board review to revise without extension the Capital Assessments and Stress Testing information collection (FR Y-14A and Y-14Q).
- Approved, May 17, 2012
Forms -- initial Board review to extend without revision the Report of Transaction Accounts, Other Deposits and Vault Cash (FR 2900), Annual Report of Deposits and Reservable Liabilities (FR 2910a), Report of Foreign (Non-U.S.) Currency Deposits (FR 2915), Allocation of Low Reserve Tranche and Reservable Liabilities Exemption (FR 2930), Supervisory and Regulatory Survey (FR 3052), and Consumer Financial Stability Surveys (FR 3053).
- Proposed, May 1, 2012
Forms -- final Board review to extend with revision the Senior Loan Officer Opinion Survey on Bank Lending Practices (FR 2018) and the Senior Financial Officer Survey (FR 2023).
- Approved, April 16, 2012
Forms -- initial Board review to extend without revision the Suspicious Activity Report (FR 2230).
- Proposed, April 16, 2012
Forms -- final Board review (1) to extend without revision the Microeconomic Survey (FR 3051), Recordkeeping Requirements Associated with the Real Estate Appraisal Standards for Federally Related Transactions Pursuant to Regulations H and Y (FR H-4), Request for Proposal (RFP), and Request for Price Quotations (RFPQ); and (2) to pretest and execute the 2013 Survey of Consumer Finances (FR 3059).
- Approved, April 4, 2012
Forms -- final Board review to extend with revision the Survey of Terms of Business Lending (FR 2028A), Survey of Terms of Banking Lending to Farmers (FR 2028B), and Prime Rate Supplement to the Survey of Terms of Lending (FR 2028S).
- Approved, March 19, 2012
Forms -- final Board review to extend without revision the Recordkeeping Requirements of Regulation H and Regulation K Associated with Bank Secrecy Act Compliance Programs.
- Approved, March 9, 2012
Forms -- final Board review to revise without extension the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C).
- Approved, March 8, 2012
Forms -- initial Board review to extend without revision the Recordkeeping Requirements Associated with Changes in Foreign Investments (Made Pursuant to Regulation K) (FR 2064) and Notice Requirements in Connection with Regulation W (12 CFR Part 223 Transactions Between Member Banks and Their Affiliates).
- Proposed, March 7, 2012
Forms -- initial Board review to revise without extension the Capital Assessments and Stress Testing information collection (FR Y-14A/Q/M).
- Proposed, February 14, 2012
Forms -- final 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).
- Approved, February 10, 2012
Forms -- final Board review to implement the Quarterly Savings and Loan Holding Company Report (FR 2320) and to extend without revision the Bank Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates (FR Y-8).
- Approved, February 6, 2012
Forms -- initial Board review to extend with revision the Senior Loan Officer Opinion Survey on Bank Lending Practices (FR 2018) and the Senior Financial Officer Survey (FR 2023).
- Proposed, January 26, 2012
Forms -- initial Board review to extend without revision the Microeconomic Survey (FR 3051), Recordkeeping Requirements Associated with the Real Estate Appraisal Standards for Federally Related Transactions Pursuant to Regulations H and Y (FR H-4), Request for Proposal (RFP), and Request for Price Quotations (RFPQ); and to pretest and execute the 2013 Survey of Consumer Finances (FR 3059).
- Proposed, January 19, 2012
Forms -- final Board review to extend without revision the recordkeeping requirements associated with Regulation GG.
- Approved, January 19, 2012
Forms -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements in Connection with Regulation E.
- Approved, January 18, 2012
Director, Banking Supervision and Regulation
State Street Bank and Trust Company, Boston, Massachusetts -- (1) to make investments in its Edge corporation subsidiary, State Street International Holdings (SSIH), Boston, in excess of the limit set in Regulation K and (2) prior notice by State Street and SSIH to make investments in certain of their subsidiaries, all in connection with the acquisition of the Goldman Sachs Administration Services business.
- Approved, October 10, 2012
Secretary
Silicon Valley Bank, Santa Clara, California -- to establish SVB International Finance, Inc. (SVBIF), Santa Clara, as an Edge corporation and, through SVBIF,
to invest in SVBIF Management, Ebene, Mauritius, and its subsidiary, SVB India Finance Private Limited, Mumbai, India.
- Approved, June 19, 2012
Director, Banking Supervision and Regulation
Lake Forest Bank & Trust Company, Lake Forest, Illinois -- to establish FIFC Edge International Corp. (FEIC), Lake Forest; to invest in FEIC; and through FEIC to make an initial investment in a foreign subsidiary, First Insurance Funding of Canada, Inc., Toronto, Canada.
- Approved, May 31, 2012
Director, Banking Supervision and Regulation
State Street Bank and Trust Company, Boston, Massachusetts, and State Street International Holdings -- waiver of remainder of prior-notice period to invest, through State Street International Holdings Switzerland GmbH, Steinhausen, Switzerland, in a Malaysia-based company.
- Granted, May 24, 2012
Director, Banking Supervision and Regulation
State Street Bank and Trust Company, Boston, Massachusetts, and State Street International Holdings -- waiver of remainder of prior-notice period to invest, through State Street International Holdings Switzerland GmbH, Steinhausen, Switzerland, in two companies in Hong Kong SAR, People's Republic of China.
- Granted, May 10, 2012
Director, Banking Supervision and Regulation
Citigroup Inc., New York, New York -- request for extension to retain certain properties.
- Granted, March 28, 2012
Director, Banking Supervision and Regulation
Raymond James Bank, N.A., St. Petersburg, Florida -- to establish an agreement corporation, Raymond James Canadian Acquisition, Inc., St. Petersburg, and for the agreement corporation to invest in Raymond James Finance Company of Canada, Ltd., Toronto, Canada.
- Approved, February 23, 2012
Director, Banking Supervision and Regulation
Sovereign Bank, Wilmington, Delaware -- to establish two agreement corporations, Capital Street Holdings, LLC and Capital Street REIT Holdings, LLC, Wilmington, and thereby retain its investment in Capital Street S.A., a Luxembourg company.
- Approved, January 24, 2012
Director, Banking Supervision and Regulation
Warburg Pincus LLC, New York, New York, et al. -- modification of commitments.
- Granted, August 3, 2012
Director, Banking Supervision and Regulation
Kennedy-Wilson Holdings, Inc., Beverly Hills, California -- modification of a commitment in connection with Kennedy-Wilson's investment in the Bank of Ireland, Dublin, Ireland.
- Approved, June 27, 2012
Director, Banking Supervision and Regulation
JAM Special Opportunities Fund II, LP, New York, New York -- modification of a commitment in connection with JAM's investment in Silvergate Capital Corporation, La Jolla, California.
- Granted, June 15, 2012
Director, Banking Supervision and Regulation
South Carolina Community Bank, Columbia, South Carolina -- request by Benedict College, Columbia, for relief from a commitment with respect to the bank.
- Granted, January 31, 2012
Reserve Bank Directors -- designation of chairs and deputy chairs of the Federal Reserve Banks for 2013.
- Announced, December 3, 2012
Director, Reserve Bank Operations and Payment Systems
Federal Reserve Bank of Chicago -- request to commit funds to proceed with the LaSalle Street Lobby Hardening and Security Screening projects under the Security and Cash Operations Renovation Effort.
- Approved, October 26, 2012
Board Policies on Federal Reserve Banks -- revisions to policy affecting Reserve Bank operations.
- Approved, July 26, 2012
Private Sector Adjustment Factor -- to change the methodology for calculating the private sector adjustment factor for priced services.
- Approved, October 25, 2012
Regulation YY (Enhanced Prudential Standards) -- publication for comment of proposed rule to strengthen oversight of U.S. operations of foreign banks.
- Approved, December 14, 2012
Report on Capital and Accounting Differences -- interagency report to Congress on capital and accounting differences among the federal banking agencies for 2010 and 2011.
- Approved, December 4, 2012
FOMC
Federal Open Market Committee -- minutes of the meeting on October 23-24, 2012.
- Published, November 14, 2012
Stress Testing -- issuance of economic and financial market scenarios that will be used in the next round of stress tests for large financial institutions, and publication for comment of a proposed Policy Statement on the Scenario Design Framework for Stress Testing.
- Approved, November 14, 2012
Regulatory Capital Rules -- interagency announcement that the proposed rules issued in June 2012 to revise the current regulatory capital rules are not expected to become effective on January 1, 2013.
- Announced, November 9, 2012
Rules of Practice for Hearings -- amendment to adjust the Board's civil money penalties to account for inflation, and determination that public comment and a delayed effective date for the amendment are unnecessary.
- Approved, November 5, 2012
Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) -- interagency final rules increasing the dollar thresholds for exempt consumer credit transactions and consumer leases from $51,800 to $53,000, effective January 1, 2013, in accordance with annual adjustments required by the Dodd-Frank Act.
- Approved, October 25, 2012
Regulation D (Reserve Requirements of Depository Institutions) -- final amendment to delay until June 27, 2013, the effective date for certain provisions to simplify the administration of reserve requirements.
- Approved, October 25, 2012
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 2013.
- Approved, October 24, 2012
Secretary
Regulation S (Reimbursement to Financial Institutions for Providing Financial Records; Recordkeeping Requirements for Certain Financial Records) -- technical amendments to the regulation governing recordkeeping and reporting requirements for funds transfers and transmittals of funds to conform the citations and references to organizational changes adopted by the director of the Financial Crimes Enforcement Network in 2010.
- Approved, October 18, 2012
Bank Secrecy Act Rules -- publication for comment of interagency amendments to the definitions of "funds transfer" and "transmittal of funds" in the regulations implementing the Bank Secrecy Act.
- Approved, October 18, 2012
FOMC
Federal Open Market Committee -- minutes of the meeting on September 12-13, 2012.
- Published, October 4, 2012
Regulation YY (Enhanced Prudential Standards) -- final rules implementing the stress test requirements of the Dodd-Frank Act.
- Approved, October 4, 2012
Availability of Credit -- annual report to Congress on the availability of credit to small businesses.
- Approved, September 25, 2012
Secretary
Margin and Capital Requirements for Swaps -- reopening of the comment period, through November 26, 2012, 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, September 18, 2012
Stress Testing -- announcement that the Board is considering delaying until September 2013 the implementation of company-run stress test requirements under the Dodd-Frank Act for bank holding companies, state member banks, and savings and loan holding companies with between $10 billion and $50 billion in total consolidated assets.
- Announced, August 27, 2012
FOMC
Federal Open Market Committee -- minutes of the meeting on July 31 - August 1, 2012.
- Published, August 22, 2012
Regulation Z (Truth in Lending) -- publication for comment of interagency amendments to establish new appraisal requirements for "higher-risk mortgage loans," in accordance with the Dodd-Frank Act.
- Approved, August 14, 2012
Capital Rules -- extension to October 22, 2012, of the comment period on three proposed rules to revise and replace current capital rules and implement the Basel III regulatory capital reforms and certain aspects of the Dodd-Frank Act.
- Announced, August 8, 2012
Foreclosure Review -- interagency extension of the deadline for borrowers to request a free foreclosure review to December 31, 2012.
- Announced, August 2, 2012
Regulation HH (Designated Financial Market Utilities) -- final rule related to the supervision of systemically important financial market utilities, in accordance with the Dodd-Frank Act.
- Approved, July 26, 2012
Regulation II (Debit Card Interchange Fees and Routing) -- final amendments regarding the fraud-prevention adjustment to debit card interchange fees, in accordance with the Dodd-Frank Act.
- Approved, July 26, 2012
Prepaid Cards -- report to Congress on government-administered, general-use prepaid cards, in accordance with the Dodd-Frank Act.
- Approved, July 12, 2012
FOMC
Federal Open Market Committee -- minutes of the meeting on June 19-20, 2012.
- Published, July 11, 2012
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 29, 2012
Presidential $1 Coin Program -- annual report to Congress on the Presidential $1 Coin Program.
- Approved, June 22, 2012
Mortgage Servicing for Military Personnel -- interagency guidance concerning mortgage-servicing practices that may pose risks to homeowners serving in the military.
- Announced, June 21, 2012
Foreclosure Review and Remediation -- (1) interagency guidance on determining borrower remedies for financial injuries identified during an independent foreclosure review and (2) extension of the deadline for borrowers to request a free foreclosure review to September 30, 2012.
- Announced, June 21, 2012
Capital Rules -- (1) request for public comment on proposed rules to enhance risk-based capital requirements and (2) final rule on market risk capital requirements.
- Approved, June 7, 2012
Regulation OO (Supervised Securities Holding Company Registration) -- final rule outlining the procedures for securities holding companies to elect to be supervised by the Federal Reserve, in accordance with the Dodd-Frank Act.
- Approved, May 25, 2012
Credit Card Plans -- annual report to Congress on the profitability of credit card operations of depository institutions.
- Approved, May 17, 2012
FOMC
Federal Open Market Committee -- minutes of the meeting on April 24-25, 2012.
- Published, May 16, 2012
Clarification on Stress Testing by Community Banks -- interagency statement to clarify that community banks are not required or expected to conduct the types of stress testing required of larger banking organizations.
- Announced, May 14, 2012
Large Bank Stress Testing Guidance -- final interagency supervisory guidance on stress testing for banking organizations with more than $10 billion in total consolidated assets.
- Announced, May 14, 2012
Stress Testing -- final interagency supervisory guidance on stress testing for banking organizations with more than $10 billion in total consolidated assets.
- Approved, May 9, 2012
Volcker Rule Conformance Period -- issuance of a policy statement clarifying the conformance period for an entity covered under the so-called Volcker Rule of the Dodd-Frank Act.
- Approved, April 16, 2012
Payment System Risk Policy -- technical revisions to the Board's policy to modify the posting rules to conform with procedural changes to the redemption of separately sorted savings bonds and to eliminate a reference to the contractual clearing balance program.
- Approved, April 9, 2012
Overnight Overdraft Policy -- effective date of July 12, 2012, for two modifications to the Board's policy: (1) a change in the reference rate for computing charges for overnight overdrafts from the effective federal funds rate to the primary credit rate and (2) a multiday charge on overnight overdrafts incurred immediately before a weekend or holiday.
- Announced, April 5, 2012
Rental of Residential Properties Acquired in Foreclosure -- issuance of a policy statement on rental of residential other real estate owned properties by banking organizations supervised by the Federal Reserve.
- Announced, April 5, 2012
Regulations D (Reserve Requirements of Depository Institutions) and J (Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers through Fedwire) -- final amendments to simplify the administration of reserve requirements and reduce administrative and operational costs for depository institutions and Federal Reserve Banks.
- Approved, April 4, 2012
FOMC
Federal Open Market Committee -- minutes of the meeting on March 13, 2012.
- Published, April 3, 2012
Regulation Y (Bank Holding Companies and Change in Bank Control)
-- publication for comment of an amended proposed rule clarifying "financial activities" for purposes of determining whether a company is "predominantly engaged in financial activities," in accordance with the Dodd-Frank Act.
- Approved, April 2, 2012
Federal Assistance to Swaps Entities -- interagency guidance to clarify that the effective date of section 716, the so-called Swaps Pushout provision, of the Dodd-Frank Act is July 16, 2013.
- Approved, March 28, 2012
Leveraged Lending -- publication for comment of updated interagency guidance on leveraged lending.
- Approved, March 21, 2012
Secretary
Regulation YY (Enhanced Prudential Standards and Early Remediation Requirements for Covered Companies) -- extension of the comment period to April 30, 2012, on the proposed rule to implement the enhanced prudential standards and early remediation requirements in the Dodd-Frank Act.
- Approved, March 2, 2012
FOMC
Federal Open Market Committee -- minutes of the meeting on January 24-25, 2012.
- Published, February 15, 2012
Junior Lien Loan Loss Allowances -- interagency supervisory guidance on allowance for loan and lease losses estimation practices associated with loans and lines of credit secured by junior liens on one- to four-family residential properties.
- Announced, January 31, 2012
FOMC
Federal Open Market Committee -- minutes of the meeting on December 13 and of the conference call on November 28, 2011.
- Published, January 3, 2012
Secretary
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment.
- Approved, November 16, 2012
Director, Banking Supervision and Regulation
Tennessee State Bank, Pigeon Forge, Tennessee -- to make certain public welfare investments.
- Approved, April 16, 2012
Tri-Party Repo Market -- statement by Matthew J. Eichner, deputy director, Division of Research and Statistics, before a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs regarding the tri-party repo market.
- Published, August 2, 2012
Monetary Policy -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing and Urban Affairs on July 17, and before the House Committee on Financial Services on July 18, 2012, on the semiannual monetary policy report to the Congress.
- Published, July 17, 2012
Mobile Payments -- statement by Stephanie Martin, associate general counsel, before a subcommittee of the House Committee on Financial Services on the regulation of mobile payments.
- Published, June 29, 2012
Bank Supervision and Risk Management -- statement by Scott G. Alvarez, general counsel, before the House Committee on Financial Services on bank supervision, risk management, and the Federal Reserve's response to trading losses recently incurred by JPMorgan Chase & Co.
- Published, June 19, 2012
Economic Outlook and Policy -- statement by Chairman Bernanke before the Joint Economic Committee of the U.S. Congress on the economic outlook and economic policy.
- Published, June 7, 2012
Dodd-Frank Act Implementation -- statement by Governor Tarullo before the Senate Committee on Banking, Housing, and Urban Affairs regarding the Federal Reserve's implementation of the Dodd-Frank Act.
- Published, June 6, 2012
Settlement Practices -- statement by Scott G. Alvarez, general counsel, before the House Committee on Financial Services on the Federal Reserve's enforcement program.
- Published, May 17, 2012
Systemically Important Financial Institutions and the Dodd-Frank Act -- statement by Michael S. Gibson, director, Division of Banking Supervision and Regulation, before a subcommittee of the House Committee on Financial Services on the implementation of the Dodd-Frank Act regarding systemically important nonbank financial companies.
- Published, May 16, 2012
Mobile Payments -- statement by Sandra F. Braunstein, director, Division of Consumer and Community Affairs, before the Senate Committee on Banking, Housing, and Urban Affairs on consumer use of mobile financial services.
- Published, March 29, 2012
The European Economic and Financial Situation -- statement by Steven B. Kamin, director, Division of International Finance, before a subcommittee of the House Committee on Financial Services on the economic situation in Europe and the Federal Reserve's response.
- Published, March 27, 2012
Regulatory Reform -- statement by Governor Tarullo before the Senate Committee on Banking, Housing, and Urban Affairs on the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and its international implications.
- Published, March 22, 2012
The European Economic and Financial Situation -- statement by Chairman Bernanke before the House Committee on Oversight and Government Reform on the European economic and financial situation.
- Published, March 21, 2012
Foreclosures and the Housing Market -- statement by Suzanne G. Killian, senior associate director, Division of Consumer and Community Affairs, before the House Committee on Oversight and Government Reform on the Board's progress in implementing the foreclosure review process and certain enforcement actions.
- Published, March 19, 2012
Housing Market -- statement by Governor Duke before the Senate Committee on Banking, Housing, and Urban Affairs regarding the current situation in the housing market.
- Published, February 28, 2012
Monetary Policy -- statement by Chairman Bernanke before the House Committee on Financial Services on February 29 and the Senate Committee on Banking, Housing, and Urban Affairs on March 1, 2012, on the semiannual monetary policy report to the Congress.
- Discussed, February 23, 2012
European Financial Situation -- statement by Steven B. Kamin, director, Division of International Finance, before the Senate Committee on Banking, Housing, and Urban Affairs on the economic situation in Europe and the Federal Reserve's response.
- Published, February 16, 2012
The Economic Outlook and the Federal Budget -- statement by Chairman Bernanke before the House Committee on the Budget on February 2 and the Senate Committee on the Budget on February 7, 2012, on the economic outlook, monetary policy, and the challenges facing federal fiscal policymakers.
- Published, February 2, 2012
Banking Supervision -- statement by Kevin M. Bertsch, associate director, Division of Banking Supervision and Regulation, before a subcommittee of the House Committee on Financial Services on the Federal Reserve's perspective on the Financial Institutions Examination Fairness and Reform Act (H.R. 3461).
- Published, February 1, 2012
Volcker Rule -- statement by Governor Tarullo before two subcommittees of the House Committee on Financial Services on an interagency proposal to implement the so-called Volcker Rule of the Dodd-Frank Act.
- Published, January 18, 2012
Division of Monetary Affairs -- appointment of Stephen Meyer as deputy director; appointment of Fabio Natalucci, Gretchen Weinbach, and Egon Zakrajsek as associate directors; appointment of William Bassett, Margaret DeBoer, Jane Ihrig, and David Lopez-Salido as deputy associate directors; and appointment of Matthew Luecke, Thomas King, Edward Nelson, and Min Wei as assistant directors.
- Announced, November 19, 2012
Division of Research and Statistics -- joint appointment of Janice Shack-Marquez as deputy director in Research and Statistics and the Division of Monetary Affairs; appointment of Thomas Laubach as associate director; Michael Kiley as senior adviser in Research and Statistics and associate director in the Office of Financial Stability Policy and Research; Robin Prager as senior adviser; and Jeremy Rudd as adviser.
- Announced, November 2, 2012
Office of the Secretary -- appointment of Margaret Shanks as deputy secretary.
- Announced, November 1, 2012
Office of the Secretary -- appointment of Angela Dirr as visiting assistant secretary.
- Announced, November 1, 2012
Division of Reserve Bank Operations and Payment Systems -- appointment of Niel Willardson as acting deputy director.
- Approved, October 30, 2012
Division of Banking Supervision and Regulation -- appointment of Laurie F. Priest as assistant director and chief of staff.
- Approved, August 9, 2012
Office of the Secretary -- appointment of Robert deV. Frierson as secretary of the Board and Jennifer J. Johnson as senior adviser.
- Approved, July 28, 2012
Management Division -- appointment of Dave Harmon as associate director and chief human capital officer, effective June 25, 2012.
- Approved, June 18, 2012
Management Division -- appointment of David J. Capp as deputy director and Donald Spicer as senior adviser, effective June 11, 2012.
- Approved, June 1, 2012
Division of Banking Supervision and Regulation -- appointment of Tim Clark as senior associate director.
- Announced, April 26, 2012
Division of Information Technology -- appointment of Sharon Mowry as chief information officer and director and Maureen Hannan as senior adviser.
- Approved, April 6, 2012
Management Division -- appointment of Charles O'Malley as senior adviser, Curtis Eldridge as assistant director and chief of law enforcement, and Reginald V. Roach as assistant director.
- Approved, April 4, 2012
Division of Banking Supervision and Regulation -- appointment of Michael Hsu as assistant director.
- Announced, March 28, 2012
Office of Financial Stability Policy and Research -- appointment of Rochelle Edge as adviser.
- Approved, March 5, 2012
Division of Consumer and Community Affairs -- appointment of Suzanne Killian as senior associate director and Phyllis Harwell as assistant director.
- Approved, February 28, 2012
Division of International Finance -- appointment of Michael Leahy as deputy director; Trevor Reeve as senior associate director; Christopher Erceg as associate director; David Bowman, Charles Thomas, and Beth Anne Wilson as deputy associate directors; Shaghil Ahmed and Joseph Gruber as assistant directors; Sally Davies as senior adviser; and Brian Doyle as adviser.
- Approved, February 28, 2012
Division of Banking Supervision and Regulation -- appointment of Todd Vermilyea as senior associate director.
- Approved, February 14, 2012
Division of Information Technology -- appointment of Lisa M. Bell, Raymond Romero, and Kofi A. Sapong as associate directors; William K. Dennison, Glenn Eskow, Marietta Murphy, Kassandra Arana Quimby, Sheryl L. Warren, and Rajasekhar Yelisetty as deputy associate directors; Theresa Palya, Virginia Wall, Edgar Wang, and Charles B. Young as assistant directors; and Tom Nguyen as adviser.
- Approved, February 1, 2012
Office of Inspector General -- appointment of J. Anthony Ogden as deputy inspector general.
- Approved, January 30, 2012
Office of Board Members -- appointment of Jon Faust as special adviser to the Board, effective January 17, 2012.
- Announced, January 13, 2012
Division of Research and Statistics -- appointment of Matthew Eichner as deputy director.
- Announced, January 11, 2012
Term Deposit Facility -- TDF auction of $3 billion in 28-day term deposits on September 10, 2012.
- Announced, September 5, 2012
Term Deposit Facility -- TDF auction of $3 billion in 28-day term deposits on July 16, 2012.
- Announced, July 11, 2012
Term Asset-Backed Securities Loan Facility -- agreement with the Department of the Treasury regarding a reduction of credit protection provided for the TALF under the Troubled Asset Relief Program.
- Approved, June 27, 2012
Term Deposit Facility -- TDF auction of $3 billion in 28-day term deposits on May 14, 2012.
- Announced, May 9, 2012
Term Deposit Facility -- TDF auction of $3 billion in 28-day term deposits on March 19, 2012.
- Announced, March 14, 2012
Monetary Policy -- semiannual monetary policy report to the Congress.
- Authorized, February 21, 2012
Term Deposit Facility -- TDF auction of $3 billion in 28-day term deposits on January 9, 2012.
- Announced, January 4, 2012
Supervisory Coordination -- memorandum of understanding to clarify the coordination of supervisory activities by the Board, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency under the Dodd-Frank Act.
- Announced, June 4, 2012
Supervisory Ratings Upgrades -- issuance of guidance for evaluating whether banking organizations with $10 billion or less in assets are eligible for upgrades of supervisory ratings.
- Announced, March 2, 2012
General Counsel
TCV Financial Corp., Richmond, Virginia -- to deregister as a savings and loan holding company.
- Approved, October 31, 2012
General Counsel
The Capital Group Companies, Inc., Los Angeles, California -- to deregister as a savings and loan holding company.
- Approved, October 31, 2012
General Counsel
Curragh Capital Partners II L.P., New York, New York -- to deregister as a savings and loan holding company.
- Approved, October 31, 2012
General Counsel
Davidson Companies, et al., Great Falls, Montana -- to deregister as savings and loan holding companies.
- Approved, October 31, 2012
General Counsel
Everence Holdings, Inc., Goshen, Indiana, and Everence Association, Inc. -- to deregister as savings and loan holding companies.
- Approved, October 31, 2012
General Counsel
FMR LLC, Boston, Massachusetts, and Fidelity Thrift Holding Company, Inc. -- to deregister as savings and loan holding companies.
- Approved, October 31, 2012
General Counsel
Independence Holding Corporation, Franklin, Tennessee -- to deregister as a savings and loan holding company.
- Approved, October 31, 2012
General Counsel
The Jones Financial Companies L.L.L.P., St. Louis, Missouri -- to deregister as a savings and loan holding company.
- Approved, October 31, 2012
General Counsel
Massachusetts Mutual Life Insurance Company, Springfield, Massachusetts -- to deregister as a savings and loan holding company.
- Approved, October 31, 2012
General Counsel
National Advisors Holdings, Inc., Overland Park, Kansas -- to deregister as a savings and loan holding company.
- Approved, October 31, 2012
General Counsel
Prudential Financial Inc., Newark, New Jersey, and Prudential IBH Holdco, Inc. -- to deregister as savings and loan holding companies.
- Approved, October 31, 2012
General Counsel
Robert M. Devlin Investment Trust, New York, New York -- to deregister as a savings and loan holding company.
- Approved, October 31, 2012
General Counsel
Anchor Bancorp Wisconsin, Inc., Madison, Wisconsin, and AnchorBank, fsb -- temporary exemption under the Depository Institution Management Interlocks Act and Regulation LL.
- Granted, October 19, 2012
The Northwestern Mutual Life Insurance Company, Milwaukee, Wisconsin -- to deregister as a savings and loan holding company.
- Approved, September 25, 2012
Director, Banking Supervision and Regulation
BankAtlantic Bancorp, Inc., Fort Lauderdale, Florida -- temporary relief from certain regulatory reporting requirements.
- Granted, May 4, 2012
Director, Banking Supervision and Regulation
Saddle River Valley Bancorp, Saddle River, New Jersey, and its parent SLHCs, JCF III AIV SRV GP LLC, et al. -- temporary relief from certain regulatory reporting requirements.
- Granted, May 4, 2012
Director, Banking Supervision and Regulation
W. R. Berkley Corporation, Greenwich, Connecticut -- temporary relief from certain regulatory reporting requirements.
- Granted, May 4, 2012
Director, Banking Supervision and Regulation
Deere & Company, Moline, Illinois -- partial exemption and temporary relief from certain regulatory reporting requirements.
- Granted, April 24, 2012
Director, Banking Supervision and Regulation
Everence Association, Inc., Goshen, Indiana, and Everence Holdings, Inc. -- temporary relief from certain regulatory reporting requirements.
- Granted, April 24, 2012
Director, Banking Supervision and Regulation
H&R Block, Inc., Kansas City, Missouri; Block Financial, LLC; and H&R Block Group, Inc., Nassau, The Bahamas -- temporary relief from certain regulatory reporting requirements.
- Granted, April 24, 2012
Director, Banking Supervision and Regulation
General Electric Company, Fairfield, Connecticut -- temporary relief for General Electric and its intermediate savings and loan holding companies, General Electric Capital Corporation, Norwalk, and GE Consumer Finance Inc., Stamford, from complying with certain regulatory reporting requirements.
- Granted, March 30, 2012
Director, Banking Supervision and Regulation
The Allstate Corporation, Northbrook, Illinois -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
The Capital Group Companies, Inc., Los Angeles, California -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
Curragh Capital Partners II, LP, New York, New York -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
Davidson Companies et al., Great Falls, Montana -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
FMR LLC, Boston, Massachusetts, and Fidelity Thrift Holding Company, Inc. -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
Independence Holding Corporation, Franklin, Tennessee -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
The Jones Financial Companies, LLLP, St. Louis, Missouri -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
Massachusetts Mutual Life Insurance Company, Springfield, Massachusetts -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
National Advisors Holdings, Inc., Overland Park, Kansas -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
The Northwestern Mutual Life Insurance Company, Milwaukee, Wisconsin -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
Prudential Financial, Inc., Newark, New Jersey, and Prudential IBH Holdco, Inc. -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
Robert M. Devlin Investment Trust, New York, New York -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
TCV Financial Corporation, Richmond, Virginia -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
Thrivent Financial Holdings, Inc., Minneapolis, Minnesota -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
U.S. Bancorp, Cincinnati, Ohio; Guardian Bancorp, Inc.; and LSB Bancshares LLC -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Director, Banking Supervision and Regulation
The Western and Southern Life Insurance Company, Cincinnati, Ohio; Western & Southern Financial Group, Inc.; and Western-Southern Mutual Holding Company -- temporary relief from certain regulatory reporting requirements.
- Granted, March 15, 2012
Secretary
Valley Central, MHC, Reading, Ohio, and Valley Central Bancorp, Inc. -- issuance of a mutual holding company charter to Valley Central, MHC, and a stock holding company charter to its subsidiary, Valley Central Bancorp, Inc.
- Approved, February 21, 2012
General Counsel
Allstate Corporation, Northbrook, Illinois -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation LL.
- Granted, January 12, 2012