Board Votes 2018

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Board Votes 2018

Date	Action	Votes for	Votes against	Abstentions	Category
12/20/2018	Agencies allow three-year regulatory capital phase-in for new Current Expected Credit Losses (CECL) accounting standard	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard Governor Bowman	None	None	Final Rule
12/20/2018	Agencies issue final rules expanding examination cycles for qualifying small banks and U.S. branches and agencies of foreign banks	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard Governor Bowman	None	None	Final Rule
12/19/2018	Federal Reserve and FDIC announce resolution plan determinations for four foreign-based banks and finalize guidance for eight domestic banks	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard Governor Bowman	None	None	Supervisory Matter
12/14/2018	Agencies invite comment on a proposal to exclude community banks from the Volcker rule	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard Governor Bowman	None	None	Proposed Rule
12/13/2018	Agencies propose update to management interlock rules	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard Governor Bowman	None	None	Proposed Rule
12/6/2018	Federal Reserve Board announces approval of proposals by Synovus Financial Corp. and Synovus Bank	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard Governor Bowman	None	None	Banking Order
12/6/2018	Federal Reserve Board announces approval of application by Cadence Bancorporation	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard Governor Bowman	None	None	Banking Order
11/30/2018	Agencies seek public comment on proposal to raise appraisal exemption threshold for residential real estate transactions	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard Governor Bowman	None	None	Proposed Rule
11/21/2018	Agencies propose community bank leverage ratio for qualifying community banking organizations	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Proposed Rule
11/14/2018	Agencies propose amendments to Regulation CC regarding funds availability	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Proposed Rule
11/14/2018	Federal Reserve Board approves final amendments to simplify Regulation J and to make it conform more closely with Regulation CC	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Final Rule
11/5/2018	Federal Reserve Board announces approval of applications by Comerica Bank	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
11/1/2018	Federal Reserve Board finalizes new supervisory rating system for large financial institutions	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Final Rule
10/31/2018	Federal Reserve Board invites public comment on framework that would more closely match regulations for large banking organizations with their risk profiles	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles	Governor Brainard	None	Proposed Rule
10/30/2018	Agencies propose rule to update calculation of derivative contract exposure amounts under regulatory capital rules	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Proposed Rule
10/29/2018	Agencies issue proposal to streamline regulatory reporting for qualifying small institutions	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Proposed Rule
10/19/2018	Federal Reserve Board fines Société Générale S.A. $81.3 million for firm's unsafe and unsound practices primarily related to violations of U.S. sanctions against Cuba	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Enforcement Action
10/16/2018	Federal Reserve Board announces approval of application by Old National Bancorp	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
10/10/2018	Federal Reserve Board announces approval of applications by Security Trust & Savings Bank	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
9/28/2018	Federal Reserve Board seeks public comment on potential actions to facilitate real-time interbank settlement of faster payments	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Board Action*
9/25/2018	Federal Reserve Board announces approval of application by Compass Bank	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
9/19/2018	Federal Reserve Board seeks public comment on proposal to amend Regulation H and Regulation K	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Proposed Rule
9/18/2018	Agencies approve amendments to swap margin rule	Chairman Powell Vice Chairman Clarida Vice Chairman for Supervision Quarles Governor Brainard	None	None	Final Rule*
9/12/2018	Federal Reserve Board announces approval of application by HarborOne Mutual Bancshares and HarborOne Bancorp, Inc.	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
9/4/2018	Federal Reserve Board approves final amendments to liability provisions of Regulation CC	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Final Rule
9/4/2018	Federal Reserve Board announces approval of application by Origin Bank	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
8/27/2018	Agencies extend deadline for certain resolution plan submissions	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Supervisory Matter
8/21/2018	Federal Reserve Board issues interim final rule expanding the applicability of the Board's small bank holding company policy statement	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Interim Final Rule
8/21/2018	Agencies issue interim final rules expanding examination cycles for qualifying small banks and U.S. branches and agencies of foreign banks	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Interim Final Rule*
8/21/2018	Agencies issue interim final rule regarding the treatment of certain municipal securities as high-quality liquid assets	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Interim Final Rule*
8/9/2018	Federal Reserve Board fines Citigroup $8.6 million for the improper execution of residential mortgage-related documents and announces termination of 2011 enforcement action	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Enforcement Action
7/24/2018	Federal Reserve Board issues enforcement action with Community Trust Bank, Inc.	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Enforcement Action
7/4/2018	Federal Reserve Board issues statement describing how, consistent with recently enacted EGRRCPA, the Board will no longer subject primarily smaller, less complex banking organizations to certain Board regulations	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Supervisory Matter*
7/4/2018	Agencies issue statement regarding the impact of the Economic Growth, Regulatory Relief, and Consumer Protection Act	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Supervisory Matter*
6/27/2018	Federal Reserve Board invites public comment on proposal to adopt ISO 20022 message format for Fedwire Funds Service	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Proposal for Comment
6/20/2018	Federal Reserve releases results of Comprehensive Capital Analysis and Review (CCAR)	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Supervisory Matter
6/15/2018	Regulators extend the next resolution plan filing deadline for 14 domestic firms	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Supervisory Matter
6/14/2018	Federal Reserve Board approves rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Final Rule
6/11/2018	Federal Reserve Board announces approval of application by Ameris Bancorp	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
6/5/2018	Federal Reserve Board announces approval of application by TriCo Bancshares	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
5/30/2018	Federal Reserve Board asks for comment on proposed rule to simplify and tailor compliance requirements relating to the "Volcker rule"	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Proposed Rule
5/18/2018	Federal Reserve Board issues enforcement actions with 2 former Regions Bank employees and announces termination of enforcement action with Hometown Bancshares, Inc.	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Enforcement Action
5/9/2018	Federal Reserve Board announces approval of application by Ameris Bancorp	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
4/30/2018	Federal Reserve Board announces approval of application by Independent Bank Group, Inc.	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
4/30/2018	Federal Reserve Board announces approval of final amendments to its Regulation A	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Final Rule
4/10/2018	Federal Reserve Board approves proposal to revise regulatory capital rules to address and provide an option to phase in the effects of the new accounting standard for credit losses	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Proposed Rule*
4/10/2018	Rule proposed to tailor 'enhanced supplementary leverage ratio' requirements	Chairman Powell Vice Chairman for Supervision Quarles	Governor Brainard	None	Proposed Rule
4/9/2018	Federal Reserve Board seeks comment on proposal to simplify its capital rules for large banks while preserving strong capital levels that would maintain their ability to lend under stressful conditions	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Proposed Rule
4/2/2018	Federal Reserve Board announces approval of application by Arvest Bank, Arvest Bank Group, Inc., and Arvest Holdings, Inc.	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
3/23/2018	Federal banking agencies issue final rule to exempt commercial real estate transactions of $500,000 or less from appraisal requirements	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Final Rule
3/19/2018	Federal Reserve Board announces approval of application by The Charles Schwab Corporation	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
3/19/2018	Federal Reserve Board seeks to permanently bar former employee of Frost Bank from employment in banking industry	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Enforcement Action
3/14/2018	Federal Reserve Board announces it is seeking to fine, permanently bar 2 former Regions Bank employees from banking industry	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Enforcement Action
2/20/2018	Federal Reserve Board announces approval of proposal by First Financial Bancorp and approval of applications by First Financial Bank	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
2/15/2018	Federal Reserve Board announces approval of application by IBERIABANK	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
2/14/2018	Agencies communicate updated expectations for next resolution plans of two domestic banks	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Supervisory Matter
2/12/2018	Federal Reserve Board announces approval of application by Howard Bancorp, Inc.	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Banking Order
2/9/2018	Federal Reserve Board seeking to impose a $487,500 fine on former Barclays Bank PLC employee and permanently bar him from the banking industry	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Enforcement Action
2/9/2018	Federal Reserve Board fines US Bancorp $15 million and orders it to improve risk management and oversight	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Enforcement Action
2/5/2018	Federal Reserve Board issues enforcement action with Jacob H. Goldstein	Chairman Powell Vice Chairman for Supervision Quarles Governor Brainard	None	None	Enforcement Action
2/2/2018	Responding to widespread consumer abuses and compliance breakdowns by Wells Fargo, Federal Reserve restricts Wells' growth until firm improves governance and controls. Concurrent with Fed action, Wells to replace three directors by April, one by year end	Chair Yellen Governor Powell Governor Brainard	None	Vice Chairman for Supervision Quarles	Enforcement Action
1/23/2018	Federal Reserve Board announces approval of application by Associated Banc-Corp	Chair Yellen Vice Chairman for Supervision Quarles Governor Powell Governor Brainard	None	None	Banking Order
1/23/2018	Agencies complete assessment of resolution plans of 19 foreign-based banks	Chair Yellen Vice Chairman Quarles Governor Powell Governor Brainard	None	None	Supervisory Matter
1/16/2018	Federal Reserve Board announces approval of application by Huron Community Bank	Chair Yellen Vice Chairman for Supervision Quarles Governor Powell Governor Brainard	None	None	Banking Order
1/12/2018	Federal Reserve Board announces $29 million penalty against U.S. operations of Mega International Commercial Bank Co., Ltd.	Chair Yellen Vice Chairman for Supervision Quarles Governor Powell Governor Brainard	None	None	Enforcement Action
1/11/2018	Federal Reserve Board announces termination of enforcement action with Heartland Bank and denies motion to void fine and permanent ban on former foreign exchange (FX) trader	Chair Yellen Vice Chairman for Supervision Quarles Governor Powell Governor Brainard	None	None	Enforcement Action
1/8/2018	Federal Reserve Board announces termination of enforcement actions against 10 banking organizations, civil monetary penalties against five of the 10, and termination of two joint orders against service providers	Chair Yellen Vice Chairman for Supervision Quarles Governor Powell Governor Brainard	None	None	Enforcement Action
1/2/2018	Federal Reserve Board requests comment on proposed guidance that would clarify Board's supervisory expectations related to risk management for large financial institutions	Chair Yellen Vice Chairman for Supervision Quarles Governor Powell Governor Brainard	None	None	Proposed Guidance

*On June 29, 2023, categories for Board votes from 2012 to 2022 were updated to standardize the categories.

Last Update: June 29, 2023