ÿþ <html> <head id="Head1"><title> FRB: H.2--Board Actions--Week ending May 19, 2012 </title> <base target="_self" /> <style type="text/css"> <!-- h6 {color:black} a:link {color: #006666; font-size: 1em; font-weight: 400; font-family: 'Times New Roman',Times,serif;} h1 {font-size: 1.3em; font-weight: 800; font-family: 'Times New Roman',Times,serif; color: #000000;} h2 {font-size: 1.1em; font-weight: 400; font-family: 'Times New Roman',Times,serif; color: #006666;} th.color {color: #000000; font-weight: 800; font-family: 'Times New Roman',Times,serif; font-size: .8em; background-color: #99CCCC;} th.contrast1 {color: #000000; font-weight: 800; font-family: 'Times New Roman',Times,serif; font-size: .9em; background-color: #ffffff;} th.contrast2 {color: #000000; font-weight: 800; font-family: 'Times New Roman',Times,serif; font-size: .9em; background-color: #D9F0EF;} td.contrast1 {color: #000000; font-weight: 400; font-family: 'Times New Roman',Times,serif; font-size: .9em; background-color: #ffffff;} td.contrast2 {color: #000000; font-weight: 400; font-family: 'Times New Roman',Times,serif; font-size: .9em; background-color: #D9F0EF;} td.colorshade {color: #000000; font-weight: 400; font-family: 'Times New Roman',Times,serif; font-size: .9em; background-color: #D9F0EF;} td.shade {color: #000000; font-weight: 400; font-family: 'Times New Roman',Times,serif; font-size: .9em; background-color: #dddddd;} a.plain {text-decoration: none;} .footer {font-size: .8em; font-weight: 400; font-family: 'Times New Roman',Times,serif;} .update {font-weight: 800;} div.indent{margin-left: 40px} div.indent2{margin-left: 80px} --> </style> </head> <body BGCOLOR="#FFFFFF"> <form name="form1" method="post" action="PubWebH2.aspx?EXPORT=TRUE&amp;DELEGATE=FALSE&amp;ID=3889&amp;FileSize=25+KB" id="form1"> <input type="hidden" name="__VIEWSTATE" id=" __VIEWSTATE" value="" /> <img height="102" src="H2.gif" width="567"> <p style="margin-top: 19px"><a href="../">Release dates</a> | <a href="h2.pdf">Full version (300 KB PDF)</a><br> <a id="lnkHBoardActions">Board Actions</a> | <a href="delactions.htm" id="lnkHDelegated">Actions under delegated authority</a><br> Applications and reports received:<br> <a href="boston.htm">Boston</a> | <a href="newyork.htm">New York</a> | <a href="philadelphia.htm">Philadelphia</a> | <a href="cleveland.htm">Cleveland</a> | <a href="richmond.htm">Richmond</a> | <a href="atlanta.htm">Atlanta</a><br> <a href="chicago.htm">Chicago</a> | <a href="stlouis.htm">St. Louis</a> | <a href="minneapolis.htm">Minneapolis</a> | <a href="kansascity.htm">Kansas City</a> | <a href="dallas.htm">Dallas</a> | <a href="sanfrancisco.htm">San Francisco</a></p> <h1><span id="lblTitle">Board Actions</span></h1> <h2><span id="lblWeek">Actions taken during the week ending May 19, 2012</span></h2> <hr align=left width=600 noShade> <p> <p> <h2>Testimony and Statements</h2> <table width="600" border="0"> <tbody> <tr> <div class="indent"> Settlement Practices -- statement by Scott G. Alvarez, general counsel, before the House Committee on Financial Services on the Federal Reserve's enforcement program.<br /> -Published, May 17, 2012 <br /> </div> </tr> </tbody> </table> <br> <h2></h2> <table width="600" border="0"> <tbody> <tr> <div class="indent"> 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.<br /> -Published, May 16, 2012 <br /> </div> </tr> </tbody> </table> <br> <h2>Forms</h2> <table width="600" border="0"> <tbody> <tr> <div class="indent"> 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).<br /> -Approved, May 17, 2012 <br /> </div> </tr> </tbody> </table> <br> <h2></h2> <table width="600" border="0"> <tbody> <tr> <div class="indent"> Forms -- final Board review to revise without extension the Capital Assessments and Stress Testing information collection (FR Y-14A and Y-14Q).<br /> -Approved, May 17, 2012 <br /> </div> </tr> </tbody> </table> <br> <h2>Regulations and Policies</h2> <table width="600" border="0"> <tbody> <tr> <div class="indent"> 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.<br /> -Announced, May 14, 2012 <br /> </div> </tr> </tbody> </table> <br> <h2></h2> <table width="600" border="0"> <tbody> <tr> <div class="indent"> Credit Card Plans -- annual report to Congress on the profitability of credit card operations of depository institutions.<br /> -Approved, May 17, 2012 <br /> </div> </tr> </tbody> </table> <br> <h2></h2> <table width="600" border="0"> <tbody> <tr> <div class="indent"> Large Bank Stress Testing Guidance -- final interagency supervisory guidance on stress testing for banking organizations with more than $10 billion in total consolidated assets.<br /> -Announced, May 14, 2012 <br /> </div> </tr> </tbody> </table> <br> <h2>Enforcement</h2> <table width="600" border="0"> <tbody> <tr> <div class="indent"> BankTennessee Bancshares, Inc., Collierville, Tennessee, and BankTennessee -- written agreement dated March 25, 2010, terminated May 4, 2012.<br /> -Announced, May 17, 2012 <br /> </div> </tr> </tbody> </table> <br> <h2></h2> <table width="600" border="0"> <tbody> <tr> <div class="indent"> Grand Bankshares, Inc., West Palm Beach, Florida -- written agreement with the Federal Reserve Bank of Atlanta.<br /> -Announced, May 15, 2012 <br /> </div> </tr> </tbody> </table> <br> <p><a href="../">Release dates</a> | <a href="h2.pdf">Full version (300 KB PDF)</a><br> <a id="lnkFBoardActions">Board Actions</a> | <a href="delactions.htm" id="lnkFDelegated">Actions under delegated authority</a><br> Applications and reports received:<BR> <a href="boston.htm">Boston</a> | <a href="newyork.htm">New York</a> | <a href="philadelphia.htm">Philadelphia</a> | <a href="cleveland.htm">Cleveland</a> | <a href="richmond.htm">Richmond</a> | <a href="atlanta.htm">Atlanta</a><br> <a href="chicago.htm">Chicago</a> | <a href="stlouis.htm">St. Louis</a> | <a href="minneapolis.htm">Minneapolis</a> | <a href="kansascity.htm">Kansas City</a> | <a href="dallas.htm">Dallas</a> | <a href="sanfrancisco.htm">San Francisco</a> </p> <hr align=left width=600 noShade> <div class=footer><A href="/">Home</a> | <a href="/banknreg.htm">Banking information and regulation</a><br> <a href="/accessibility.htm">Accessibility</a> | <a href="/feedback.cfm">Contact us</a><br> <span class=update><span id="lblLastUpdated">Last updated: May 24, 2012</span></span> </div> </form> </body> </html>