Board Actions

Actions taken during the week ending December 2, 2017

Testimony and Statements

Economic Outlook -- statement by Chair Yellen before the Joint Economic Committee of the U.S. Congress on the current economic outlook and monetary policy.
-Published, November 29, 2017

Bank Holding Companies

National Bank Holdings, Greenwood Village, Colorado -- to merge with Peoples, Inc., Lawrence, Kansas; and for NBH Bank, Greenwood Village, Colorado, to merge with Peoples Bank, Lawrence, and Peoples National Bank, Colorado Springs, Colorado, and thereby establish branches.
-Approved, November 27, 2017

Regulations and Policies

Countercyclical Capital Buffer -- affirmation of the countercyclical capital buffer at the current level of 0 percent.
-Approved, November 30, 2017

Regulation A (Extensions of Credit by Federal Reserve Banks) -- publication for comment of a notice of proposed rulemaking to (1) revise the provisions regarding the establishment of the primary credit rate in a financial emergency and (2) delete references to the expired Term Asset-Backed Securities Loan Facility.
-Approved, November 30, 2017

Reserve Bank Operations

Federal Reserve Bank of Richmond -- appointment of Thomas I. Barkin as president, effective January 1, 2018.
-Approved, December 1, 2017

Enforcement

Brand Group Holdings, Inc., Lawrenceville, Georgia; and The Brand Banking Company -- written agreement dated August 2, 2010, terminated November 27, 2017.
-Announced, November 30, 2017

Peoples Bank, Lawrence, Kansas -- issuance of a consent cease-and-desist and restitution order for deceptive residential mortgage origination practices in violation of section 5 of the Federal Trade Commission Act.
-Approved, November 27, 2017