Actions taken by the Board of Governors and its staff under delegated authority

Advisory Councils
Community Advisory Council -- announcement of five new members of the council.
- Announced, October 26, 2017
Community Depository Institutions Advisory Council -- announcement of members and designation of Gilda M. Nogueira as president and Christopher D. Maher as vice president for 2018.
- Announced, August 30, 2017
Director, Consumer and Community Affairs
Community Advisory Council -- notice that the Board is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council.
- Approved, March 22, 2017
Bank Branches, Domestic
Secretary
IBERIABANK, Lafayette, Louisiana -- to establish a branch at 4011 Canal Street, New Orleans.
- Approved, November 28, 2017
Frost Bank, San Antonio, Texas -- to establish a branch at 640 Taylor Street, Fort Worth.
- Approved, November 20, 2017
Secretary
Exchange Bank & Trust Company, Perry, Oklahoma -- to establish a branch at 316 North Main Street, Stillwater.
- Approved, November 1, 2017
Secretary
IBERIABANK, Lafayette, Louisiana -- to establish a branch at 804 Green Valley Road, Greensboro, North Carolina.
- Approved, October 2, 2017
Secretary
New Tripoli Bank, New Tripoli, Pennsylvania -- to establish a branch at 4892 Buckeye Road, Emmaus, and to increase its investment in bank premises.
- Approved, September 25, 2017
Secretary
Regions Bank, Birmingham, Alabama -- to establish branches at the intersection of Veterans Memorial Parkway and Cave Springs Road, St. Peters, Missouri; 14200 Manchester Road, Ballwin; the intersection of Highways K and N, O'Fallon; and 615 South College Street, Charlotte, North Carolina.
- Approved, September 13, 2017
Secretary
Univest Bank and Trust Co., Souderton, Pennsylvania -- to establish branches at 574 Main Street, Bethlehem, and 1 Heritage Drive, Gordonville.
- Approved, August 28, 2017
Regions Bank, Birmingham, Alabama -- to establish a total of 19 branches in Georgia, Indiana, Missouri, Tennessee, and Texas.
- Approved, July 14, 2017
Secretary
Solvay Bank, Solvay, New York -- to establish a branch at 197 Downer Street, Baldwinsville.
- Approved, June 8, 2017
Secretary
Iberiabank, Lafayette, Louisiana -- to establish a branch at 11 Greenway Plaza, Houston, Texas.
- Approved, April 28, 2017
Secretary
IBERIABANK, Lafayette, Louisiana -- to establish a branch at 105 North Spring Street, Greenville, South Carolina.
- Approved, April 21, 2017
Secretary
Univest Bank and Trust Co., Souderton, Pennsylvania -- to establish branches at 1135 Georgetown Road, Christiana, and 4240 Oregon Pike, Ephrata.
- Approved, April 21, 2017
Secretary
Franklin Savings Bank, Farmington, Maine -- to establish a branch at 130 Oak Street, Ellsworth.
- Approved, April 3, 2017
PlainsCapital Bank, Dallas, Texas -- to establish branches at One Cowboys Way, Frisco, and 6635 Cowboys Way.
- Approved, February 23, 2017
Secretary
Univest Bank and Trust Co., Souderton, Pennsylvania -- to establish a branch at 216 Hartman Bridge Road, Strasburg (Ronks).
- Approved, February 9, 2017
Board Operations
Fed History Vision Project -- for the Fed History Vision Phase II team to proceed with the "proof of concept" exercise.
- Approved, August 29, 2017
Bank Holding Companies
General Counsel
Meridian Bancorp, Inc., Peabody, Massachusetts -- waiver of application to acquire Meetinghouse Bancorp, Inc., Dorchester, and Meetinghouse Bank, in connection with Meetinghouse Bank's merger with and into East Boston Savings Bank, Boston.
- Granted, December 7, 2017
General Counsel
MutualFirst Financial, Inc., Muncie, Indiana -- waiver of application to acquire Universal Bancorp, Bloomfield, and BloomBank, in connection with BloomBank's merger with and into MutualBank, Muncie.
- Granted, December 6, 2017
General Counsel
Barclays US LLC, Wilmington Delaware, and Barclays Bank Delaware -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, December 5, 2017
General Counsel
BCB Community Bancorp, Bayonne, New Jersey -- waiver of application to acquire IA Bancorp, Inc., Edison, and Indus American Bank, in connection with Indus American Bank's merger with and into BCB Community Bank, Bayonne.
- Granted, December 5, 2017
CenterState Bank Corporation, Winter Haven, Florida -- to merge with HCBF Holding Company, Inc., Fort Pierce, and thereby indirectly acquire Harbor Community Bank. 
- Approved, December 5, 2017
General Counsel
Glacier Bancorp, Inc., Kalispell, Montana -- waiver of application to acquire Inter-Mountain Bancorp, Inc., Bozeman, and First Security Bank, in connection with First Security Bank's merger with and into Glacier Bank, Kalispell.
- Granted, December 4, 2017
General Counsel
Hometown Community Bancorp, Inc., Morton, Illinois, and Hometown Community Bancorp, Inc. Employee Stock Ownership Plan and Trust -- waiver of application to acquire Speer Banschares Inc., Speer, and State Bank of Speer, in connection with State Bank of Speer's merger with and into Morton Community Bank, Morton.
- Granted, December 4, 2017
First Citizens BancShares, Inc., Raleigh, North Carolina -- temporary relief from certain commitments.
- Granted, November 29, 2017
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
General Counsel
The First Bancshares, Inc., Hattiesburg, Mississippi -- waiver of application to acquire Southwest Banc Shares, Inc., Chatom, Alabama, in connection with the merger of their subsidiaries, First Community Bank with and into The First, A National Banking Association, Hattiesburg, Mississippi.
- Granted, November 21, 2017
General Counsel
First Reliance Bancshares, Inc., Florence, South Carolina -- waiver of application to acquire Independence Bancshares, Inc., Greenville, in connection with the merger of their subsidiaries, Independence National Bank with and into First Reliance Bank, Florence.
- Granted, November 21, 2017
Sandy Spring Bancorp, Inc., Olney, Maryland -- (1) to merge with WashingtonFirst Bankshares, Inc., Reston, Virginia, and thereby indirectly acquire WashingtonFirst Bank; (2) to acquire 1st Portfolio, Inc., Fairfax,  a nonbank subsidiary of WashingtonFirst Bankshares; and (3) for Sandy Spring Bank, Olney, Maryland, to merge with WashingtonFirst Bank, Reston, and thereby establish branches.
- Approved, November 20, 2017
Banco Santander, S.A., Madrid, Spain -- relief from certain commitments.
- Granted, November 20, 2017
South State Corporation, Columbia, South Carolina -- to merge with Park Sterling Corporation, Charlotte, North Carolina, and thereby indirectly acquire Park Sterling Bank.
- Approved, November 14, 2017
First Citizens BancShares, Inc., Raleigh, North Carolina -- request for temporary relief from certain commitments.
- Granted, November 14, 2017
General Counsel
Heritage Financial Corporation, Olympia, Washington -- waiver of application to acquire Puget Sound Bancorp, Inc., Bellevue, in connection with the merger of their subsidiaries, Puget Sound Bank with and into Heritage Bank, Olympia.
- Granted, November 8, 2017
First Horizon National Corporation, Memphis, Tennessee -- to merge with Capital Bank Financial Corp., Charlotte, North Carolina, and thereby indirectly acquire Capital Bank Corp., Raleigh.
- Approved, October 29, 2017
Southside Bancshares, Inc., Tyler, Texas -- to merge with Diboll State Bancshares, Inc., Diboll, and thereby indirectly acquire First Bank & Trust East Texas.
- Approved, October 29, 2017
General Counsel
Business First Bancshares, Inc., Baton Rouge, Louisiana -- waiver of application to acquire Minden Bancorp, Inc., Minden, in connection with the merger of their subsidiaries, MBL Bank with and into Business First Bank, Baton Rouge.
- Granted, October 27, 2017
U.S. Bancorp, Minneapolis, Minnesota, and U.S. Bank, N.A., Cincinnati, Ohio -- relief from certain commitments made by U.S. Bancorp, U.S. Bank, N.A., or their predecessors.
- Granted, October 26, 2017
Reliable Community Bancshares, Inc., Perryville, Missouri, and MAB Acquisition Corp. -- to acquire Mid America Banking Corporation, Rolla, and thereby indirectly acquire Mid America Bank & Trust Company, Dixon.
- Approved, October 25, 2017
General Counsel
F&M Bancshares, Inc., Trezevant, Tennessee -- waiver of application to acquire Merchants & Planters Bancshares, Inc., Bolivar, in connection with the merger of their subsidiaries, Merchants & Planters Bank with and into Centennial Bank, Trezevant.
- Granted, October 19, 2017
General Counsel
TowneBank, Portsmouth, Virginia -- waiver of application to acquire Paragon Commercial Corporation, Raleigh, North Carolina, and Paragon Commercial Bank, in connection with the merger of Paragon Commercial Bank with and into TowneBank.
- Granted, October 18, 2017
Secretary
Pacific Premier Bancorp, Inc., Irvine, California -- to acquire Plaza Bancorp, Irvine, and for Pacific Premier Bank to merge with Plaza Bank and thereby establish branches.
- Approved, October 12, 2017
General Counsel
Standard Chartered PLC, London, England -- request for a temporary exemption to retain control of Smoothie King Holdings, Inc., Seoul, Republic of Korea.
- Granted, October 10, 2017
Columbia Banking System, Inc., Tacoma, Washington -- to merge with Pacific Continental Corporation, Eugene, Oregon, and thereby indirectly acquire Pacific Continental Bank.
- Approved, October 6, 2017
General Counsel
CBOA Financial, Inc., Tucson, Arizona -- request for an exemption to permit an individual to become an institution-affiliated party.
- Granted, October 5, 2017
General Counsel
First Nebraska Bancs, Inc., Sidney, Nebraska -- waiver of application to acquire Woodstock Land & Cattle Company, Fullerton, in connection with the merger of their subsidiaries, Fullerton National Bank and Points West Community Bank, Sidney.
- Granted, September 26, 2017
General Counsel
Horizon Bancorp, Michigan City, Indiana -- waiver of prior notice to acquire Wolverine Bancorp, Inc., Midland, Michigan, a savings and loan holding company, in connection with the merger of their subsidiaries, Wolverine Bank, F.S.B., and Horizon Bank, Michigan City.
- Granted, September 22, 2017
PacWest Bancorp, Beverly Hills, California -- to acquire CU Bancorp, Los Angeles, and thereby indirectly acquire California United Bank.
- Approved, September 20, 2017
General Counsel
Home Bancorp, Inc., Lafayette, Louisiana -- waiver of application to acquire Saint Martin Bancshares, Inc., Saint Martinsville, in connection with the merger of their subsidiaries, Saint Martin Bank and Trust Company with and into Home Bank, National Association, Lafayette.
- Granted, September 19, 2017
MNB Holdings Corporation, San Francisco, California -- relief from a commitment.
- Granted, September 18, 2017
The Toronto-Dominion Bank, Toronto, Canada; TD Group US Holdings LLC, Wilmington, Delaware; and TD Bank US Holding Company, Cherry Hill, New Jersey -- to acquire Scottrade Financial Services, Inc., Town and Country, Missouri, and to merge Scottrade Bank into TD Bank, National Association, Wilmington, Delaware; and for The Toronto-Dominion Bank and TD Group US Holdings LLC to acquire additional shares of TD Ameritrade Holdings Corporation, Omaha, Nebraska.
- Approved, September 13, 2017
General Counsel
FirstSun Capital Bancorp, Denver, Colorado -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, September 7, 2017
Sterling Bancorp, Montebello, New York -- to acquire Astoria Financial Corporation, Lake Success, and thereby indirectly acquire Astoria Bank, a federal savings association, Long Island City.
- Approved, August 29, 2017
General Counsel
First Foundation, Inc., Irvine, California -- waiver of application to acquire Community 1st Bancorp, Auburn, in connection with the merger of their subsidiaries, Community 1st Bank with and into First Foundation Bank, Irvine.
- Granted, August 29, 2017
Mercantil Servicios Financieros, C.A., Caracas, Venezuela -- modification of a commitment.
- Granted, August 24, 2017
General Counsel
Triumph Consolidated Cos., LLC, Dallas, Texas, and Triumph Bancorp, Inc. -- waiver of application to acquire Valley Bancorp, Inc., Brighton, Colorado, in connection with the merger of their subsidiaries, Valley Bank & Trust with and into TBK Bank, Dallas.
- Granted, August 24, 2017
General Counsel
Premier Holdings, Ltd., Rock Valley, Iowa -- waiver of application to acquire State Bank of Alcester, Alcester, South Dakota, in connection with the merger of State Bank of Alcester with and into Premier Holdings' subsidiary, Premier Bank, Rock Valley.
- Granted, August 18, 2017
General Counsel
Glacier Bancorp, Inc., Kalispell, Montana -- waiver of application to acquire Columbine Capital Corp., Buena Vista, Colorado, in connection with the merger of their subsidiaries, Collegiate Peaks Bank, Buena Vista, with and into Glacier Bank, Kalispell.
- Granted, August 18, 2017
Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan -- to acquire shares of Standard Life, plc, Edinburgh, United Kingdom, pursuant to section 163(b) of the Dodd-Frank Act.
- Approved, August 11, 2017
General Counsel
Carolina Financial Corporation, Charleston, South Carolina -- waiver of application to acquire First South Bancorp, Inc., Washington, North Carolina, in connection with the merger of their subsidiaries, First South Bank and CresCom Bank, Charleston.
- Granted, July 26, 2017
General Counsel
Starion Bancorporation, Bismarck, North Dakota -- request for an exemption to permit an individual to own shares in Starion Bancorporation.
- Granted, July 20, 2017
General Counsel
Community State Bancorporation, Spencer, Iowa -- waiver of application to acquire Little Sioux Bancshares, Inc., Sioux Rapids, in connection with the merger of their subsidiaries, First State Bank and Community Bank, Spencer.
- Granted, July 19, 2017
General Counsel
State Bank Financial Corporation, Atlanta, Georgia -- waiver of application to acquire AloStar Bank of Commerce (AloStar), Birmingham, Alabama, in connection with AloStar's merger with State Bank and Trust Company, Macon, Georgia.
- Granted, July 18, 2017
General Counsel
First Community Corporation, Lexington, South Carolina -- waiver of application to acquire Cornerstone Bancorp, Easley, in connection with the merger of their subsidiaries, Cornerstone National Bank and First Community Bank, Lexington.
- Granted, July 6, 2017
IBERIABANK Corporation, Lafayette, Louisiana; and IBERIABANK -- request to change their netting preference for certain intangible assets under Regulation Q.
- Granted, July 5, 2017
Veritex Holdings, Inc., Dallas, Texas -- to merge with Sovereign Bancshares, Inc., Dallas, and thereby indirectly acquire Sovereign Bank; and for Veritex Community Bank, Dallas, to merge with Sovereign Bank and thereby establish branches. 
- Approved, July 5, 2017
General Counsel
FirstBanc of Alabama, Inc., Talladega, Alabama -- waiver of application to acquire Swann Bancshares, Inc., Wedowee, in connection with the merger of their subsidiaries, Bank of Wedowee and First Bank of Alabama, Talladega.
- Granted, July 3, 2017
General Counsel
First Commerce Financial Corporation, Marysville, Kansas -- waiver of application to acquire Blue Rapids Bancshares, Blue Rapids, in connection with the merger of their subsidiaries, State Bank of Blue Rapids with and into First Commerce Bank, Marysville.
- Granted, June 30, 2017
Byline Bancorp, Inc., Chicago, Illinois -- limited relief from certain commitments.
- Granted, June 20, 2017
Byline Bancorp, Inc., Chicago, Illinois -- limited relief from certain commitments.
- Granted, June 14, 2017
General Counsel
FirstSun Capital Bancorp, Salina, Kansas -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, June 9, 2017
General Counsel
Sierra Bancorp, Porterville, California -- waiver of application to acquire OCB Bancorp, Ojai, in connection with the merger of their subsidiaries, Ojai Community Bank with and into Bank of the Sierra, Porterville.
- Granted, June 8, 2017
General Counsel
Guaranty Bancorp, Denver, Colorado, and Guaranty Bank and Trust Company -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, June 8, 2017
General Counsel
Byline Bancorp, Inc., Chicago, Illinois -- waiver of application in connection with a corporate reorganization to change Byline's state of incorporation.
- Granted, June 8, 2017
Canadian Imperial Bank of Commerce, Toronto, Canada, and CIBC Holdco Inc., New York, New York -- to acquire PrivateBancorp, Inc., Chicago, Illinois, and thereby indirectly acquire The PrivateBank and Trust Company.
- Approved, June 6, 2017
FirstSun Capital Bancorp (formerly Sunflower Reincorporation Sub, Inc.), Salina, Kansas -- (1) to become a bank holding company by merging with Sunflower Financial, Inc., Salina, and thereby indirectly acquiring Sunflower Bank, National Association; (2) to acquire Strategic Growth Bank Incorporated, El Paso, Texas, and Strategic Growth Bancorp Incorporated, and thereby indirectly acquire Capital Bank, SSB, and First National Bank of Santa Fe, Albuquerque, New Mexico; and (3) election to become a financial holding company.
- Approved, June 2, 2017
General Counsel
Citizens Community Bancorp, Inc., Eau Claire, Wisconsin -- waiver of application to acquire Wells Financial Corp., Wells, Minnesota, in connection with the merger of their subsidiaries, Wells Federal Bank with and into Citizens Community Federal, National Association, Altoona, Wisconsin.
- Granted, June 1, 2017
Secretary
IBERIABANK Corporation, Lafayette, Louisiana -- to acquire Sabadell United Bank, N.A., Miami, Florida; and for IBERIABANK, Lafayette, to merge with Sabadell United Bank, Miami, and thereby establish branches.
- Approved, May 31, 2017
General Counsel
PrimeSouth Bancshares, Inc., Waycross, Georgia; and Jones Bancshares, L.P. -- waiver of application to acquire Atlantic National Bank, Brunswick, in connection with its merger with PrimeSouth Bank, Blackshear.
- Granted, May 18, 2017
General Counsel
Alamerica BancCorp, Inc., Birmingham, Alabama -- request for an exemption to permit an individual to become a director.
- Granted, May 9, 2017
General Counsel
HCBF Holding Company, Inc., Fort Pierce, Florida -- waiver of application to acquire Jefferson Bankshares, Inc., Oldsmar, in connection with the merger of their subsidiaries, Jefferson Bank of Florida with and into Harbor Community Bank, Fort Pierce.
- Granted, April 27, 2017
Simmons First National Corporation, Pine Bluff, Arkansas -- to merge with Hardeman County Investment Company, Inc., Jackson, Tennessee, and thereby indirectly acquire First South Bank.
- Approved, April 26, 2017
Community Bank System, Inc., DeWitt, New York -- to acquire Merchants Bancshares, Inc., South Burlington, Vermont, and thereby indirectly acquire Merchants Bank.
- Approved, April 25, 2017
General Counsel
MutualFirst Financial, Inc., Muncie, Indiana -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, April 25, 2017
General Counsel
Summerfield Financial Services, LLC, Lincoln, Nebraska -- waiver of application to acquire Byron State, Inc., Byron, in connection with the merger of their subsidiaries, Byron State Bank with and into Western National Bank, Chester.
- Granted, April 24, 2017
Midland States Bancorp, Inc., Effingham, Illinois -- relief from certain commitments.
- Granted, April 17, 2017
Educational Services of America, Inc., Knoxville, Tennessee, and Educational Funding of the South, Inc. -- limited relief from certain commitments.
- Granted, April 14, 2017
General Counsel
First Merchants Corporation, Muncie, Indiana -- waiver of application to acquire Independent Alliance Banks, Inc., Fort Wayne, in connection with the merger of their subsidiaries, iAB Financial Bank with and into First Merchants Bank, Muncie.
- Granted, April 14, 2017
General Counsel
Sun Bancorp, Inc., Mount Laurel, New Jersey -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, April 14, 2017
General Counsel
FNS Bancshares, Inc., Scottsboro, Alabama -- waiver of application to acquire Commerce Bancshares, Inc., Nolensville, Tennessee, in connection with the merger of their subsidiaries, Peoples State Bank of Commerce with and into FNB Bank, Scottsboro.
- Granted, April 12, 2017
People's United Financial, Inc., Bridgeport, Connecticut -- commenter's request for reconsideration of the Board's approval of the application by People's United Financial to acquire Suffolk Bancorp, Riverhead, New York, and thereby indirectly acquire The Suffolk County National Bank of Riverhead.
- Denied, April 6, 2017
United Bankshares, Inc., Charleston, West Virginia, and UBV Holding Company, LLC, Fairfax, Virginia -- to acquire Cardinal Financial Corporation, McLean, and thereby indirectly acquire Cardinal Bank; and for United Bank, Fairfax, to merge with Cardinal Bank, McLean, and thereby establish branches.
- Approved, April 6, 2017
General Counsel
Progress Financial Corporation, Huntsville, Alabama -- waiver of application to acquire First Partners Financial, Inc., Birmingham, in connection with the merger of their subsidiaries, First Partners Bank and Progress Bank & Trust, Huntsville.
- Granted, March 30, 2017
Cathay General Bancorp, Los Angeles, California -- to acquire SinoPac Bancorp, Los Angeles, and thereby indirectly acquire Far East National Bank.
- Approved, March 17, 2017
People's United Financial, Inc., Bridgeport, Connecticut -- to merge with Suffolk Bancorp, Riverhead, New York, and thereby indirectly acquire Suffolk County National Bank of Riverhead.
- Approved, March 13, 2017
Secretary
Pacific Premier Bancorp, Inc., Irvine, California -- to acquire Heritage Oaks Bancorp, Paso Robles; and for Pacific Premier Bank, Irvine, to merge with Heritage Oaks Bank, Paso Robles, and thereby establish branches.
- Approved, March 10, 2017
General Counsel
Hope Bancorp, Inc., Los Angeles, California -- waiver of application to acquire U & I Financial Corp., Lynnwood, Washington, in connection with the merger of their subsidiaries, UniBank and Bank of Hope, Los Angeles.
- Granted, March 8, 2017
General Counsel
Citizens Bank Group, Inc., Saint James, Minnesota -- request for an exemption to permit Robert Ray Cunningham to become an institution-affiliated party.
- Granted, March 6, 2017
General Counsel
3MV Bancorp, Inc., Omaha, Nebraska, and Bruning Bancshares, Inc., Bruning -- waiver of applications (1) for 3MV Bancorp, Inc., to acquire, and (2) for Bruning Bancshares, Inc., to indirectly acquire, Bank of Nebraska, La Vista, in connection with Bank of Nebraska's merger with and into 3MV Bancorp's subsidiary, Access Bank, Omaha.
- Granted, March 3, 2017
General Counsel
First Guaranty Bancshares, Inc., Hammond, Louisiana -- waiver of application to acquire Premier Bancshares, Inc., McKinney, Texas, in connection with the merger of their subsidiaries, Synergy Bank, S.S.B., with and into First Guaranty Bank, Hammond.
- Granted, March 2, 2017
Byline Bancorp, Inc., Chicago, Illinois -- limited relief from certain commitments.
- Granted, February 28, 2017
F.N.B. Corporation, Pittsburgh, Pennsylvania -- to merge with Yadkin Financial Corporation, Raleigh, North Carolina, and thereby indirectly acquire Yadkin Bank, Statesville.
- Approved, February 23, 2017
Capital One Financial Corporation, McLean, Virginia -- relief from a condition related to an earlier acquisition.
- Granted, February 22, 2017
General Counsel
River Valley Bancorporation, Inc., Wausau, Wisconsin -- waiver of application to acquire Integrity First Bank, Wausau, in connection with its merger with and into River Valley Bancorporation's subsidiary, River Valley Bank.
- Granted, February 21, 2017
The Goldman Sachs Group, Inc. et al., New York, New York -- relief from certain commitments.
- Granted, February 17, 2017
General Counsel
ACNB Corporation, Gettysburg, Pennsylvania -- waiver of application to acquire New Windsor Bancorp, Inc., New Windsor, Maryland, in connection with the merger of their subsidiaries, New Windsor State Bank with and into ACNB Bank, Gettysburg.
- Granted, February 17, 2017
General Counsel
Salem Five Bancorp, Salem, Massachusetts -- waiver of application to acquire Georgetown Bancorp, Inc., Georgetown, in connection with the merger of their subsidiary savings banks, Georgetown Bank with and into Salem Five Cents Savings Bank, Salem.
- Granted, February 8, 2017
Anchor Bancshares, Inc., Houston, Texas -- to become a bank holding company by acquiring First Bancshares of Texas, Inc., McGregor, and thereby indirectly acquire Security Bank of Crawford, Crawford.
- Approved, February 7, 2017
Central Bancompany, Inc., Jefferson City, Missouri -- to acquire Bank Star One, Fulton.
- Approved, February 7, 2017
General Counsel
AIM Bancshares, Inc., Levelland, Texas -- waiver of application to acquire High Plains Bancshares, Inc., Muleshoe, in connection with the merger of Muleshoe State Bank with and into AimBank, Littlefield.
- Granted, January 26, 2017
General Counsel
Castle Creek Capital LLC, Rancho Santa Fe, California -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, January 25, 2017
General Counsel
CenterState Banks, Inc., Winter Haven, Florida -- waiver of application to acquire Gateway Financial Holdings of Florida, Inc., Daytona Beach, and its subsidiaries -- Gateway Bank of Florida; Gateway Bank of Central Florida, Ocala; and Gateway Bank of Southwest Florida, Sarasota (together, Gateway Banks) -- in connection with the merger of Gateway Banks with and into CenterState Bank of Florida, N.A., Winter Haven.
- Granted, January 12, 2017
General Counsel
Peach State Bancshares, Inc. (Peach State), Gainesville, Georgia -- request for an exemption to permit Stewart L. Teaver to become an institution-affiliated party, in connection with an application by Peach State to become a bank holding company.
- Granted, January 5, 2017
First Citizens BancShares, Inc., Raleigh, North Carolina -- to acquire additional shares of Carter Bank & Trust, Martinsville, Virginia.
- Approved, January 4, 2017
Bank Mergers
Synovus Bank, Columbus, Georgia -- to acquire substantially all the assets and assume the deposit liabilities of World's Foremost Bank, Sidney, Nebraska.
- Approved, September 5, 2017
Farmers Bank & Capital Trust Company, Frankfort, Kentucky -- to merge with United Bank & Trust Company, Versailles; First Citizens Bank, Inc., Elizabethtown; and Citizens Bank of Northern Kentucky, Inc., Newport; and to retain the acquired facilities as branches.
- Approved, February 2, 2017
Change In Bank Control
Secretary
Alerus Financial Corporation, Grand Forks, North Dakota -- change in bank control of Alerus Financial Corporation and its subsidiary, Alerus Financial, National Association, Grand Forks.
- Permitted, May 5, 2017
Discount Rates
Discount and Advance Rates -- requests by twelve Federal Reserve Banks to maintain the existing primary credit rate; requests to renew secondary and seasonal credit formulas.
- Existing rate and formulas approved, August 28, 2017
Discount and Advance Rates -- requests by twelve Reserve Banks to maintain the existing primary credit rate; requests to renew secondary and seasonal credit formulas.
- Existing rate and formulas approved, July 17, 2017
Discount and Advance Rates -- requests by five Federal Reserve Banks to maintain the existing primary credit rate and requests by seven Reserve Banks to increase the rate; requests to renew secondary and seasonal credit formulas.
- Existing rate and formulas approved, June 5, 2017
Discount and Advance Rates -- requests by ten Federal Reserve Banks to maintain the existing primary credit rate and requests by two Reserve Banks to increase the rate; requests to renew secondary and seasonal credit formulas.
- Existing rate and formulas approved, April 24, 2017
Discount and Advance Rates -- rates on discounts and advances unchanged.
- Approved, March 27, 2017
Discount and Advance Rates -- rates on discounts and advances unchanged.
- Approved, March 6, 2017
Discount and Advance Rates -- rates on discounts and advances unchanged.
- Approved, February 13, 2017
Discount and Advance Rates -- rates on discounts and advances unchanged.
- Approved, January 23, 2017
Enforcement
Cecil Bank, Elkton, Maryland -- termination of the prompt-corrective-action directive issued on August 7, 2015.
- Approved, December 8, 2017
Citizens Commerce Bancshares, Inc., Versailles, Kentucky -- written agreement dated May 28, 2010, terminated December 1, 2017.
- Announced, December 5, 2017
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
Maple Leaf Financial, Inc., Newbury, Ohio -- cease-and-desist order dated March 27, 2009, and amended cease-and-desist order dated July 8, 2010, both issued by the Office of Thrift Supervision, terminated on November 8, 2017.
- Announced, November 14, 2017
Wayne Bank and Trust Company, Cambridge City, Indiana -- issuance of a consent order of assessment of a civil money penalty.
- Announced, November 2, 2017
Liberty Shares, Inc. (now Heritage Bancorporation, Inc.), Hinesville, Georgia -- written agreement issued May 9, 2011, terminated October 23, 2017.
- Announced, October 31, 2017
Mid America Bank & Trust Company, Dixon, Missouri -- issuance of a consent order against Mid America Bank & Trust Company for deceptive practices in violation of section 5 of the Federal Trade Commission Act related to balance-transfer credit cards issued to consumers by Mid America through third parties.
- Approved, October 23, 2017
Citizens First State Bank of Walnut, Walnut, Illinois -- written agreement dated October 29, 2009, terminated October 6, 2017.
- Announced, October 12, 2017
Bank of Gueydan, Gueydan, Louisiana -- issuance of a consent order of assessment of a civil money penalty.
- Announced, October 11, 2017
Farmers State Bank, Victor, Montana -- issuance of a consent order of assessment of a civil money penalty.
- Announced, October 11, 2017
First Bancorp, San Juan, Puerto Rico -- written agreement issued June 3, 2010, terminated October 3, 2017.
- Announced, October 5, 2017
The First Bank of Baldwin, Baldwin, Wisconsin -- written agreement issued July 26, 2011, terminated September 19, 2017.
- Announced, September 21, 2017
AB&T Financial Corporation, Gastonia, North Carolina -- written agreement issued May 7, 2012, terminated September 13, 2017.
- Announced, September 19, 2017
First Nebraska Bank, Valley, Nebraska -- issuance of a consent order of assessment of a civil money penalty.
- Announced, September 14, 2017
HSBC Holdings PLC, London, United Kingdom; and HSBC North America Holdings, Inc., New York, New York -- issuance of a consent cease-and-desist order and order of assessment of a civil money penalty.
- Approved, September 14, 2017
Markesan State Bank, Markesan, Wisconsin -- written agreement with the Federal Reserve Bank of Chicago and the Wisconsin Department of Financial Institutions.
- Announced, September 12, 2017
Regions Bank, Birmingham, Alabama -- issuance of a consent order of prohibition against Daniel X. Brennan, a former employee and institution-affiliated party.
- Announced, September 5, 2017
The State Bank of Geneva, Geneva, Illinois -- written agreement dated September 10, 2012, terminated August 29, 2017.
- Announced, August 30, 2017
Four Oaks Bank and Trust Company, Four Oaks, North Carolina -- issuance of a consent order of prohibition against James M. Riley, a former employee and institution-affiliated party.
- Announced, August 29, 2017
Santander Holdings, USA, Inc., Boston, Massachusetts -- written agreement dated September 15, 2014, terminated August 17, 2017.
- Announced, August 24, 2017
The Bank & Trust, S.S.B., Del Rio, Texas -- issuance of a consent cease-and-desist order.
- Announced, August 22, 2017
Heartland Bank, Little Rock, Arkansas -- issuance of a prompt corrective action directive with the consent of the bank.
- Announced, August 17, 2017
Federal One Holdings, LLC, Milton, Massachusetts; and Admirals Bancorp, Inc., Boston -- written agreement with the Federal Reserve Bank of Boston.
- Announced, August 1, 2017
First St. Charles Bancshares, Inc., Boutte, Louisiana -- written agreement issued December 21, 2011, terminated July 24, 2017.
- Announced, August 1, 2017
Mesquite Financial Services, Inc., Alice, Texas -- written agreement with the Federal Reserve Bank of Dallas and the Texas Department of Banking.
- Announced, August 1, 2017
M&T Bank Corporation, Buffalo, New York, and Manufacturers and Traders Trust Company -- written agreement dated June 17, 2013, terminated July 25, 2017.
- Announced, July 27, 2017
Barclays Bank PLC, New York Branch, New York, New York -- issuance of a consent order of prohibition against Michael Weston, a former institution-affiliated party.
- Announced, July 24, 2017
BNP Paribas S.A., Paris, France; BNP Paribas USA, Inc., New York, New York; and BNP Paribas Securities Corp. -- issuance of a consent cease-and-desist order and assessment of a civil money penalty.
- Approved, June 26, 2017
JPMorgan Chase & Co., New York, New York -- written agreement dated July 6, 2011, terminated June 16, 2017.
- Announced, June 20, 2017
Bank of New York Mellon Corporation, New York, New York -- issuance of a consent order of assessment of a civil money penalty.
- Approved, June 19, 2017
Bank of America Corporation, Charlotte, North Carolina -- written agreement dated December 6, 2010, terminated June 8, 2017.
- Announced, June 15, 2017
Bank of the Orient, San Francisco, California -- cease-and-desist order dated June 17, 2015, terminated June 7, 2017.
- Announced, June 13, 2017
EverBank Financial Corp, Jacksonville, Florida -- issuance of a consent order of assessment of a civil money penalty against EverBank Financial Corp for mortgage servicing deficiencies, and termination of a related enforcement action issued in April 2011.
- Approved, June 8, 2017
Regions Bank, Birmingham, Alabama -- issuance of consent orders of prohibition against Richard Alan Henderson and Philip Henry Cooper, both former employees and institution-affiliated parties.
- Announced, June 7, 2017
Deutsche Bank AG, Frankfurt, Germany; Deutsche Bank AG New York Branch, New York, New York; DB USA Corporation; and Deutsche Bank Trust Company Americas -- issuance of a consent cease-and-desist order and assessment of a civil money penalty based on deficiencies in the U.S. operations' compliance with Bank Secrecy Act and anti-money-laundering requirements.
- Approved, May 25, 2017
North Georgia Community Financial Partners, Inc., Calhoun, Georgia -- written agreement dated October 3, 2013, terminated May 11, 2017.
- Announced, May 25, 2017
SunTrust Bank, Atlanta, Georgia -- issuance of a consent order of assessment of a civil money penalty.
- Approved, May 23, 2017
Barclays Bank PLC, London, England -- issuance of a final decision, order of prohibition, and assessment of a civil money penalty against Christopher Ashton, former institution-affiliated party of Barclays Bank PLC.
- Approved, May 17, 2017
First Carolina Bancshares, M.H.C., Walterboro, South Carolina -- supervisory agreement issued by the Office of Thrift Supervision dated February 17, 2011, terminated May 9, 2017.
- Announced, May 11, 2017
Four Oaks Bank & Trust Company, Four Oaks, North Carolina -- written agreement dated July 30, 2015, terminated April 28, 2017.
- Announced, May 4, 2017
TransPecos Financial Corp, San Antonio, Texas; and TransPecos Banks, Pecos -- written agreement dated April 13, 2011, terminated May 1, 2017.
- Announced, May 4, 2017
Credit Agricole S.A., Paris, France -- remedial plan submitted by Credit Agricole, S.A. and its subsidiaries, including Credit Agricole Corporate and Investment Bank, Paris, as required under the Board's 2015 enforcement action.
- Approved, April 24, 2017
Deutsche Bank AG, Frankfurt am Main, Germany -- issuance of a consent order and assessment of a civil money penalty.
- Approved, April 15, 2017
Deutsche Bank AG, Frankfurt am Main, Germany; DB USA Corporation, New York, New York; and Deutsche Bank AG New York Branch -- issuance of a consent cease-and-desist order and assessment of a civil money penalty.
- Approved, April 15, 2017
The Baraboo Bancorporation, Inc., Baraboo, Wisconsin -- written agreement issued April 30, 2013, terminated April 7, 2017.
- Announced, April 11, 2017
Devon Bancorp, Inc., Chicago, Illinois -- written agreement dated March 13, 2013, terminated April 4, 2017.
- Announced, April 6, 2017
Bank of Star City, Star City, Arkansas -- issuance of a consent order of assessment of a civil money penalty.
- Announced, March 28, 2017
Heritage Bank, Topeka, Kansas -- written agreement issued April 22, 2009, terminated March 22, 2017.
- Announced, March 28, 2017
HCSB Financial Corporation, Loris, South Carolina -- written agreement issued May 9, 2011, terminated March 21, 2017.
- Announced, March 23, 2017
Santander Holdings USA, Inc., Boston, Massachusetts; and Santander Consumer USA Inc., Dallas, Texas -- written agreement with the Federal Reserve Bank of Boston.
- Announced, March 23, 2017
Community Shores Bank Corporation, Muskegon, Michigan -- written agreement dated December 16, 2010, terminated March 13, 2017.
- Announced, March 16, 2017
J.P. Morgan Securities (Asia Pacific) Limited, Hong Kong, China -- issuance of notices of intent to prohibit and notices of assessment of civil money penalties against Fang Fang and Timothy Fletcher, former institution-affiliated parties.
- Approved, March 9, 2017
Platte Valley Bank, Scottsbluff, Nebraska -- issuance of a consent order of assessment of a civil money penalty.
- Announced, March 7, 2017
Bank of Montreal, Montreal, Canada; BMO Financial Corporation, Wilmington, Delaware; and Bank of Montreal Chicago Branch, Chicago, Illinois -- written agreement dated April 29, 2013, terminated February 24, 2017.
- Announced, February 28, 2017
Commerce Bancshares, Inc., Nolensville, Tennessee -- written agreement dated February 8, 2012, terminated February 21, 2017.
- Announced, February 23, 2017
West Tennessee Bancshares, Bartlett, Tennessee, and Bank of Bartlett -- written agreement dated October 22, 2009, terminated February 13, 2017.
- Announced, February 16, 2017
Raton Capital Corporation, Raton, New Mexico -- written agreement dated July 10, 2015, terminated February 3, 2017.
- Announced, February 9, 2017
BB&T Corporation, Winston-Salem, North Carolina -- issuance of a consent cease-and-desist order.
- Announced, January 27, 2017
NongHyup Bank, Seoul, Korea; and NongHyup Bank, New York Branch, New York, New York -- written agreement with the Federal Reserve Bank of New York.
- Announced, January 26, 2017
ServiceLink Holdings, LLC, Jacksonville, Florida (as a successor to Lender Processing Services, Inc.) -- interagency amendment to consent order issued in 2011, and assessment of a civil money penalty.
- Approved, January 16, 2017
First Personal Financial Corp., Orland Park, Illinois -- written agreement dated November 1, 2010, terminated January 5, 2017.
- Announced, January 10, 2017
BNP Paribas Securities Corp., New York, New York; and Barclays Bank PLC, New York Branch -- issuance of a consent order of prohibition against Jason Katz, a former institution-affiliated party of BNP Paribas and Barclays Bank.
- Approved, January 3, 2017
Extensions Of Time
JPMorgan Chase & Co., New York, New York -- extension of time to conform or divest a merchant banking investment.
- Granted, November 17, 2017
Secretary
Large Financial Institution Rating System -- extension to February 15, 2018, of the comment period on a proposed new rating system for supervision of large financial institutions.
- Approved, November 17, 2017
Secretary
Supervisory Guidance for Boards of Directors -- extension to February 15, 2018, of the comment period on proposed guidance on supervisory expectations for boards of directors of firms supervised by the Federal Reserve.
- Approved, November 17, 2017
Citigroup Inc., New York, New York -- extensions of time to divest or conform certain merchant banking investments (two requests).
- Granted, October 24, 2017
Forms -- extension to March 31, 2018, of the implementation date for proposed revisions to the Banking Organization Systemic Risk Report (FR Y-15), and extension to November 23, 2017, of the comment period for the proposal.
- Granted, October 18, 2017
Citigroup Inc., New York, New York -- extensions of time to divest or conform certain merchant banking investments (four requests).
- Granted, October 17, 2017
Secretary
Supervisory Guidance for Boards of Directors -- extension to November 30, 2017, of the comment period on proposed guidance on supervisory expectations for boards of directors of firms supervised by the Federal Reserve.
- Approved, October 5, 2017
Secretary
Large Financial Institution Rating System -- extension to November 30, 2017, of the comment period on a proposed new rating system for supervision of large financial institutions.
- Approved, October 5, 2017
Secretary
Sandy Spring Bancorp, Inc., Olney, Maryland -- commenter's request to extend the comment period on the applications (1) to acquire WashingtonFirst Bankshares, Inc., Reston, Virginia, and 1st Portfolio, Inc.; and (2) for Sandy Spring Bank, Olney, to merge with WashingtonFirst Bank, Reston, and thereby establish branches.
- Denied, September 12, 2017
Secretary
South State Corporation, Columbia, South Carolina -- commenter's request to extend the comment period on the application to acquire Park Sterling Corporation, Charlotte, North Carolina, and thereby acquire Park Sterling Bank.
- Denied, September 1, 2017
Wells Fargo & Company, San Francisco, California -- extension of time to conform or divest a merchant banking investment.
- Granted, August 18, 2017
Raymond James Financial, Inc., St. Petersburg, Florida -- extensions of time to divest or conform certain merchant banking investments (two requests).
- Granted, August 4, 2017
Wells Fargo & Company, San Francisco, California -- extensions of time to divest or conform certain merchant banking investments (two requests).
- Granted, June 19, 2017
Citigroup Inc., New York, New York -- extensions of time to divest or conform certain merchant banking investments (two requests).
- Granted, June 16, 2017
Secretary
Synovus Bank, Columbus, Georgia -- commenters' requests to extend the comment period on the application to acquire certain assets and assume certain liabilities of World's Foremost Bank, Sidney, Nebraska (two requests).
- Denied, June 8, 2017
Citigroup Inc., New York, New York -- extension of time to dispose of certain property held by an indirect Mexican subsidiary.
- Granted, June 1, 2017
Wells Fargo & Company, San Francisco, California -- extensions of time to divest or conform certain merchant banking investments (two requests).
- Granted, June 1, 2017
Secretary
Sterling Bancorp, Montebello, New York -- commenter's request to extend the comment period on the application to acquire Astoria Financial Corporation, Lake Success, and thereby indirectly acquire Astoria Bank, Long Island City.
- Denied, May 19, 2017
Secretary
PTB Corporation, Salem, Oregon -- extension of time to dispose of certain properties acquired in satisfaction of a debt previously contracted.
- Granted, May 17, 2017
Secretary
Sterling Bancorp, Montebello, New York -- commenter's request to extend the comment period on the application to acquire Astoria Financial Corporation, Lake Success, and thereby indirectly acquire Astoria Bank, Long Island City.
- Denied, May 11, 2017
Citigroup Inc., New York, New York -- extension of time to dispose of certain properties held by indirect subsidiaries in Venezuela and Mexico.
- Granted, April 7, 2017
Secretary
Alfa Mutual Insurance Company, Montgomery, Alabama -- extension of time to meet certain regulatory reporting requirements.
- Granted, March 31, 2017
KeyCorp, Cleveland, Ohio -- extension of time to conform or divest a merchant banking investment.
- Granted, February 3, 2017
KeyCorp, Cleveland, Ohio -- extension of time to conform or divest a merchant banking investment.
- Granted, January 31, 2017
Secretary
Simmons First National Corporation, Pine Bluff, Arkansas -- commenter's request to extend the comment period on the application to acquire Hardeman County Investment Company, Inc., Jackson, Tennessee, and thereby indirectly acquire First South Bank.
- Denied, January 17, 2017
Secretary
Morgan Stanley, New York, New York -- extension of time to dispose of a loan.
- Granted, January 13, 2017
Secretary
Deutsche Bank AG, Frankfurt, Germany; and Deutsche Bank USA Corporation, New York, New York -- extension of time in which to submit an annual capital plan.
- Denied, January 5, 2017
Banks, Foreign
ING Bank N.V., Amsterdam, The Netherlands -- to establish a representative office in Dallas, Texas.
- Approved, October 20, 2017
The Bank of East Asia, Limited, Hong Kong SAR, People's Republic of China -- to upgrade its limited federal branch in Los Angeles, California, to a full-service branch.
- Approved, September 28, 2017
Nordea Bank AB (publ), Stockholm, Sweden -- to establish a branch in New York, New York.
- Approved, April 12, 2017
General Counsel
Japan Bank for International Cooperation (JBIC), Tokyo, Japan -- request for a determination that JBIC continues to qualify as a "special-purpose foreign government-owned bank" under Regulation K.
- Approved, April 6, 2017
Forms
Forms -- final Board review to extend with revision the Capital Assessments and Stress Testing information collection (FR Y-14A/Q/M).
- Approved, December 8, 2017
Forms -- final Board review to extend without revision the Reporting Requirements Associated with Regulation XX Concentration Limit (FR XX) and Financial Company (as defined) Report of Consolidated Liabilities (FR XX-1).
- Approved, December 7, 2017
Forms -- final Board review to extend without revision the Quarterly Savings and Loan Holding Company Report (FR 2320).
- Approved, December 6, 2017
Forms -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H (Reg H-3).
- Proposed, November 20, 2017
Forms -- final Board review to extend without revision the Application for Exemption from Prohibited Service at Savings and Loan Holding Companies (FR LL-12).
- Approved, November 20, 2017
Forms -- initial Board review to extend without revision the Disclosure Requirements Associated with CFPB's Regulation DD (Truth in Savings Act).
- Proposed, November 15, 2017
Forms -- final Board review to extend without revision the Notifications Related to Community Development and Public Welfare Investments of State Member Banks (FR H-6).
- Approved, October 28, 2017
Forms -- final Board review to extend with revision the Application for Employment with the Board of Governors of the Federal Reserve System (FR 28, FR 28i, FR 28s).
- Approved, October 19, 2017
Forms -- final Board review to extend with 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).
- Approved, October 18, 2017
Forms -- final Board review to extend without revision the Government Securities Dealers Reports (FR 2004, composed of FR 2004A, FR 2004B, FR 2004C, FR 2004SI, FR 2004SD, FR 2004SD ad hoc, FR 2004WI, FR 2004FA, FR 2004FB, FR 2004FC, and FR 2004FM).
- Approved, October 18, 2017
Forms -- final Board review to implement the Survey of Household Economics and Decisionmaking (FR 3077).
- Approved, October 18, 2017
Forms -- interagency notice and request for comment to transition the Federal Reserve's Annual Company-Run Stress Test Report for State Member Banks, Bank Holding Companies, and Savings and Loan Holding Companies with Total Consolidated Assets Greater Than $10 Billion and Less Than $50 Billion (FR Y-16) to a Federal Financial Institutions Examination Council reporting form (FFIEC 016).
- Proposed, September 27, 2017
Forms -- initial Board review to extend with revision the Interagency Notice of Change in Control (FR 2081A), Interagency Notice of Change in Director or Senior Executive Officer (FR 2081B), Interagency Biographical and Financial Report (FR 2081C), and Interagency Bank Merger Act Application (FR 2070).
- Proposed, September 25, 2017
Forms -- initial Board review to extend without revision the Recordkeeping Requirements Associated with the Real Estate Lending Standards Regulation for State Member Banks (Reg H-5).
- Proposed, September 21, 2017
Forms -- modification of the proposed implementation date from September 30, 2017, to March 31, 2018, for the Board's proposals to extend with revision the FR Y-9, FR Y-7N, FR Y-11, and FR 2314 families of reports and the FR 2886b report.
- Approved, September 11, 2017
Forms -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with the Guidance on Response Programs for Unauthorized Access to Customer Information (FR-4100).
- Proposed, September 5, 2017
Forms -- final Board review to extend without revision the Compensation and Salary Surveys (FR 29a, FR 29b).
- Approved, September 5, 2017
Forms -- final Board review to extend without revision the Government-Administered, General-Use Prepaid Card Surveys (FR 3063a and FR 3063b).
- Approved, August 30, 2017
Forms -- final Board review to extend without revision the Notification of Nonfinancial Data Processing Activities (FR 4021).
- Approved, August 29, 2017
Forms -- initial Board review to extend with revision the Banking Organization Systemic Risk Report (FR Y-15).
- Proposed, August 18, 2017
Forms -- initial Board review to extend without revision the Quarterly Savings and Loan Holding Company Report (FR 2320).
- Proposed, August 17, 2017
Forms -- final Board review to extend with revision the Ongoing Intermittent Survey of Households (FR 3016).
- Approved, August 14, 2017
Forms -- initial Board review to extend without revision the Reporting Requirements Associated with Regulation XX Concentration Limit (FR XX) and Financial Company (as defined) Report of Consolidated Liabilities (FR XX-1).
- Proposed, August 11, 2017
Forms -- initial Board review to extend without revision the Notifications Related to Community Development and Public Welfare Investments of State Member Banks (FR H-6).
- Proposed, August 7, 2017
Forms -- initial Board review to implement the Survey of Household Economics and Decisionmaking (FR 3077).
- Proposed, August 3, 2017
Forms -- initial Board review to extend without revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with Proprietary Trading and Certain Interests in and Relationships with Covered Funds (Regulation VV) (FR VV).
- Proposed, July 27, 2017
Forms -- initial Board review to extend with revision the Application for Employment with the Board of Governors of the Federal Reserve System (FR 28, FR 28s, and FR 28i).
- Proposed, July 24, 2017
Forms -- initial Board review to extend without revision the Application for Exemption from Prohibited Service at Savings and Loan Holding Companies (FR LL-12).
- Proposed, July 17, 2017
Forms -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation R (FR 4025).
- Approved, July 17, 2017
Forms -- initial Board review to extend with revision the Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies (FR Y-11); Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies (FR Y-11S); Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314); and Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314S).
- Proposed, July 10, 2017
Forms -- initial Board review to extend with revision the Consolidated Financial Statements for Holding Companies (FR Y-9C), Parent Company Only Financial Statements for Large Holding Companies (FR Y-9LP), Parent Company Only Financial Statements for Small Holding Companies (FR Y-9SP), Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y-7N), and Consolidated Report of Condition and Income for Edge and Agreement Corporations (FR 2886b).
- Proposed, July 10, 2017
Forms -- final Board review to extend with revision the Survey of Terms of Lending (FR 2028).
- Approved, July 4, 2017
Forms -- final Board review to extend without revision the Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks (FR 2225).
- Approved, June 30, 2017
Forms -- initial Board review to extend without revision the Government Securities Dealers Reports (FR 2004, composed of: FR 2004A, FR 2004B, FR 2004C, FR 2004SI, FR 2004SD, FR 2004SD ad hoc, FR 2004WI, FR 2004FA, FR 2004FB, FR 2004FC, and FR 2004FM).
- Proposed, June 29, 2017
Forms -- initial Board review to extend with 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).
- Proposed, June 29, 2017
Forms -- initial Board review to extend without revision the Compensation and Salary Surveys (FR 29a, FR 29b).
- Proposed, June 22, 2017
Forms -- initial Board review to extend with revision the Capital Assessments and Stress Testing information collection (FR Y-14A/Q/M).
- Proposed, June 6, 2017
Forms -- initial Board review to extend without revision the Government- Administered, General-Use Prepaid Card Surveys (FR 3063a and FR 3063b).
- Proposed, May 30, 2017
Forms -- initial Board review to extend without revision the Notification of Nonfinancial Data Processing Activities (FR 4021).
- Proposed, May 23, 2017
Forms -- initial Board review to extend with revision the Ongoing Intermittent Survey of Households (FR 3016).
- Proposed, May 16, 2017
Forms -- final Board review to extend without revision the Generic Clearance for Surveys of Consumer and Community Affairs Publications and Resources (FR 1378), Generic Clearance for Consumer and Stakeholder Surveys (FR 3073), Report of Net Debit Cap (FR 2226), Ad Hoc Payments Survey (FR 3054a), Currency Quality Sampling Survey (FR 3054b), Currency Quality Survey (FR 3054c), and Currency Functionality and Perception Survey (FR 3054d).
- Approved, May 5, 2017
Forms -- initial Board review to extend with revision the reports for the Survey of Terms of Lending (to be renamed the Survey of Small Business and Farm Lending) (FR 2028B, FR 2028D, and FR 2028S).
- Proposed, April 6, 2017
Forms -- final Board review to extend without revision the Registration of Mortgage Loan Originators (CFPB Reg G).
- Approved, April 5, 2017
Forms -- initial Board review to extend without revision the Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks (FR 2225).
- Proposed, April 3, 2017
Forms -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation R (FR 4025).
- Proposed, March 27, 2017
Forms -- initial Board review to extend without revision the Generic Clearance for Surveys of Consumer and Community Affairs Publications and Resources (FR 1378), Generic Clearance for Consumer and Stakeholder Surveys (FR 3073), Report of Net Debit Cap (FR 2226), Ad Hoc Payments Systems Survey (FR 3054a), Currency Quality Sampling Survey (FR 3054b), Currency Quality Survey (FR 3054c), and Currency Functionality and Perception Survey (FR 3054d).
- Proposed, January 23, 2017
Forms -- final Board review to extend without revision certain filings related to the Gramm-Leach-Bliley Act: Declarations to Become a Financial Holding Company (FR 4010), Requests for Determinations and Interpretations Regarding Activities Financial in Nature (FR 4011), Notices of Failure to Meet Capital or Management Requirements (FR 4012), Notices by State Member Banks to Invest in Financial Subsidiaries (FR 4017), Regulatory Relief Requests Associated with Merchant Banking Activities (FR 4019), and Recordkeeping Requirements Associated with Merchant Banking Activities (FR 4023).
- Approved, January 11, 2017
Forms -- final Board review to extend without revision the Intermittent Survey of Businesses (FR 1374) and Domestic Finance Company Report of Consolidated Assets and Liabilities (FR 2248).
- Approved, January 5, 2017
Forms -- initial Board review to extend without revision the Registration of Mortgage Loan Originators (CFPB Reg G).
- Proposed, January 3, 2017
International Operations
The Goldman Sachs Group, Inc., New York, New York -- waiver of remainder of prior-notification period to make an investment, through two Brazilian subsidiaries, in Fundo de Investimiento Liquidez de Camara BM&FBOVESPA Multimercado, Sao Paulo, Brazil.
- Granted, October 31, 2017
Standard Chartered Bank, London, United Kingdom, and Standard Chartered International (USA), Ltd., New York, New York -- request for termination of an agreement with the Board.
- Granted, October 17, 2017
State Street Corporation, Boston, Massachusetts; State Street Bank and Trust Company; and State Street International Holdings -- to reorganize the ownership and equity structure of State Street International Holdings, Boston.
- Approved, September 14, 2017
Bank of America Corporation, Charlotte, North Carolina -- waiver of prior-notification period to transfer Merrill Lynch International Bank, Designated Activity Company, Dublin, Ireland, to Bank of America, N.A., Charlotte.
- Granted, August 23, 2017
The Northern Trust Company, Chicago, Illinois -- waiver of remainder of prior-notification period to make an additional investment in Northern Trust Holdings, Ltd., London, United Kingdom, and Northern Trust Global Services, Ltd.
- Granted, August 18, 2017
Silicon Valley Bank, Santa Clara, California -- waiver of remainder of prior-notification period to establish branches in Frankfurt, Germany, and Toronto, Canada.
- Granted, July 14, 2017
Popular, Inc., San Juan, Puerto Rico -- waiver of remainder of prior-notification period to indirectly acquire Tecnopago S.A., Santiago, Chile, and EFT Group S.A.
- Granted, June 1, 2017
JPMorgan Chase & Co. (JPMC), New York, New York; JPMorgan Chase Bank, National Association, Columbus, Ohio; and J.P. Morgan International Finance Limited, Newark, Delaware -- waiver of remainder of prior-notification period to invest in J.P. Morgan Capital Holdings Limited and related requests pursuant to Regulation K in connection with an internal reorganization of certain JPMC foreign operations.
- Granted, May 22, 2017
The Bank of New York Mellon, New York, New York -- waiver of remainder of prior-notification period to make indirect investments through Mellon Overseas Investment Corporation, New York, in two Brazilian subsidiaries.
- Granted, February 17, 2017
Citibank, National Association, Sioux Falls, South Dakota, and Citibank Overseas Investment Corporation, New Castle, Delaware -- waiver of remainder of prior-notice period to make an investment in Banco de Chile, Santiago, Chile.
- Granted, February 17, 2017
Banks, Nonmember, And Miscellaneous Institutions
Maltese Capital Management, LLC, New York, New York, et al. -- relief from certain commitments (four requests).
- Granted, October 4, 2017
SunTx VeriTex Holdings, LP, Dallas, Texas; SunTx Capital Partners II, LP, et al. -- relief from certain commitments.
- Granted, August 16, 2017
Cloister Capital LLC, Berwyn, Pennsylvania -- relief from certain commitments.
- Granted, July 5, 2017
Jacobs Asset Management et al., LLC, New York, New York -- relief from certain commitments.
- Granted, July 5, 2017
EJF Capital LLC, Arlington, Virginia; EJF Debt Opportunities Master Fund, LP, et al. -- relief from certain commitments.
- Granted, June 30, 2017
EJF Capital LLC, Arlington, Virginia -- limited relief from certain commitments.
- Granted, June 26, 2017
Hildene Capital Management LLC, Stamford, Connecticut -- limited relief from certain commitments.
- Granted, June 26, 2017
Trishield Special Situations Master Fund Ltd., New York, New York -- limited relief from certain commitments.
- Granted, June 26, 2017
Peachtree Equity Investment Management, Inc., Atlanta, Georgia -- relief from certain commitments.
- Granted, June 19, 2017
EJF Capital LLC, et. al, Arlington, Virginia -- relief from certain commitments.
- Granted, May 31, 2017
EJF Capital LLC, Arlington, Virginia -- relief from certain commitments.
- Granted, May 11, 2017
EJF Capital LLC, Arlington, Virginia -- relief from certain commitments.
- Granted, May 9, 2017
Tricadia Capital Management, LLC, New York, New York; et al. -- relief from certain commitments.
- Granted, May 9, 2017
EJF Capital LLC, Arlington, Virginia -- relief from certain commitments.
- Granted, May 3, 2017
Jacobs Asset Management, LLC, New York, New York, et al. -- relief from certain commitments.
- Granted, April 10, 2017
EJF Capital LLC, Arlington, Virginia -- relief from certain commitments.
- Granted, March 27, 2017
Reserve Bank Operations
Federal Reserve Bank of Richmond -- appointment of Thomas I. Barkin as president, effective January 1, 2018.
- Approved, December 1, 2017
Community Development Function -- revised guidance to reflect the Board's expectations in light of the function's current objectives and operations.
- Approved, November 30, 2017
Reserve Banks' Code of Conduct and the Voluntary Guide to Conduct for Senior Officials -- amendments to promote consistency in policies applicable to FOMC participants and staff with access to FOMC information to better align provisions of the securities trading blackout period with the blackout period established by the FOMC's external communications policies.
- Approved, November 30, 2017
Reserve Bank Directors -- designation of a chair and deputy chair, and appointment of a director, of the Federal Reserve Bank of Philadelphia.
- Approved, July 27, 2017
Reserve Bank Directors -- appointment of a director of the Miami Branch of the Federal Reserve Bank of Atlanta.
- Approved, March 13, 2017
Federal Reserve Bank of Atlanta -- appointment of Raphael W. Bostic as president, effective June 5, 2017.
- Approved, March 9, 2017
Federal Reserve Bank of Minneapolis -- appointment of Ron J. Feldman as first vice president.
- Approved, January 24, 2017
Reserve Bank Services
Federal Reserve Priced Services -- 2018 private sector adjustment factor and fee schedules for priced services and electronic access.
- Approved, October 30, 2017
Director, Reserve Bank Operations and Payment Systems
Policy on Payment System Risk (PSR) -- revision of the PSR policy's posting rules for same-day automated clearing house transactions to conform to a decision of the Treasury's Fiscal Service to allow federal agencies to originate and receive same-day entries beginning September 15, 2017.
- Approved, October 3, 2017
Payment System -- to publish jointly with the Federal Reserve Banks a paper, Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey.
- Approved, August 29, 2017
Director, Reserve Bank Operations and Payment Systems
Payment System Risk Policy -- revision of part II of the policy related to the transaction posting times used for measuring balances intraday in institutions' accounts at the Federal Reserve Banks to conform to enhancements to the Reserve Banks' same-day automated clearinghouse service.
- Approved, August 21, 2017
Regulations And Policies
Treasury Repo Rates -- publication of final plans for the production of three new interest rates by the Federal Reserve Bank of New York, based on data for overnight repurchase agreement transactions on Treasury securities.
- Approved, December 6, 2017
Payment System Risk Policy -- publication for comment of changes to procedures governing the provision of intraday credit to U.S. branches and agencies of foreign banking organizations.
- Approved, December 5, 2017
Stress Test Proposals -- publication for comment of (1) enhanced disclosure of the models used in the Federal Reserve's supervisory stress testing; (2) a policy statement on the Board's approach to supervisory stress testing conducted pursuant to the Dodd-Frank Act and the Board's Regulation YY and capital-plan rule; and (3) amendments to the Board's policy statement on the scenario-design framework for stress testing.
- Approved, November 30, 2017
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
Regulatory Capital Rules -- interagency final rule to extend the current transition provisions in the Board's capital rules for certain regulatory capital deductions and other requirements for banking organizations that are not subject to the advanced approaches capital rules.
- Approved, November 9, 2017
Regulation BB (Community Reinvestment) -- final interagency amendments to Community Reinvestment Act (CRA) regulations to update the existing definitions of "home mortgage loan" and "consumer loan" and the public-file content requirements to conform the CRA regulations to recent changes to Home Mortgage Disclosure Act regulations.
- Approved, November 8, 2017
Secretary
Regulation I (Issue and Cancellation of Federal Reserve Bank Capital Stock) -- final rule to apply an inflation adjustment to the asset threshold at which banks are subject to different dividend rates for their Federal Reserve Bank stock.
- Approved, November 7, 2017
Regulation D (Reserve Requirements of Depository Institutions) -- annual indexing of the reserve requirement exemption amount, low reserve tranche, nonexempt deposit cutoff level, and reduced reporting limit for 2018.
- Approved, November 2, 2017
Secretary
Regulations Z (Truth in Lending) and M (Consumer Leasing) -- final interagency amendments to establish dollar thresholds in 2018 for exempting (1) certain consumer credit and lease transactions from the Truth in Lending Act and Consumer Leasing Act, respectively, and (2) certain small loans from the real estate appraisal requirements for higher-priced mortgages, both based on changes in the consumer price index.
- Approved, November 2, 2017
Rules of Organization and Rules Regarding Delegation of Authority -- amendments to the Board's quorum rule to enhance efficiency while retaining the Board's ability to function in an emergency.
- Approved, October 25, 2017
Rules Regarding Availability of Information -- final rule amending the Board's regulations for processing requests under the Freedom of Information Act (FOIA) to reflect provisions of the FOIA Improvement Act of 2016.
- Approved, October 19, 2017
Disaster-Related Appraisal Exceptions -- interagency statement and order granting temporary exceptions to appraisal requirements for real estate-related financial transactions in declared disaster areas affected by Hurricanes Harvey, Irma, and Maria.
- Approved, October 10, 2017
Regulatory Capital Rule -- publication for comment of interagency proposal to simplify certain aspects of the agencies' regulatory capital rule to reduce regulatory burden, especially for banking organizations not subject to the advanced approaches capital rule.
- Approved, September 26, 2017
Regulatory Capital Rule -- publication for comment of interagency proposal to simplify certain aspects of the agencies' regulatory capital rule. (NOTE: A revised capital proposal was approved on September 26, 2017.)
- Approved, September 20, 2017
Presidential $1 Coin Program -- annual report to Congress on the Presidential $1 Coin Program.
- Approved, September 8, 2017
Regulations Q, WW, and YY -- final rule to enhance financial stability by requiring U.S. global systemically important banking institutions (GSIBs) and the U.S. operations of foreign GSIBs to amend qualified financial contracts to prevent their immediate cancellation or termination if the firm enters bankruptcy or a resolution process.
- Approved, September 1, 2017
Regulation BB (Community Reinvestment) -- publication for comment of interagency amendments to the Community Reinvestment Act (CRA) regulations to update the existing definitions of "home mortgage loan" and "consumer loan" and the public-file content requirements to conform the CRA regulations to recent changes to Home Mortgage Disclosure Act regulations.
- Approved, August 29, 2017
Treasury Repo Rates -- publication for comment on the proposed production and publication of three interest rates by the Federal Reserve Bank of New York, based on data for overnight repurchase agreement transactions on Treasury securities.
- Approved, August 21, 2017
Regulatory Capital Rules -- publication for comment of interagency proposed rule to extend the current treatment under the regulatory capital rules for certain regulatory capital deductions and other requirements, as they apply to banking organizations not subject to the advanced approaches capital rules.
- Approved, August 14, 2017
Joint Account Requests -- final guidelines to evaluate requests for joint accounts at Federal Reserve Banks to facilitate settlement between depository institutions participating in private-sector payment systems.
- Approved, August 3, 2017
Large Financial Institution Rating System and Supervisory Guidance for Boards of Directors -- publication for comment of (1) a new supervisory rating system for large financial institutions and (2) supervisory guidance addressing the roles and responsibilities of boards of directors of bank and savings and loan holding companies, state member banks, and other institutions supervised by the Federal Reserve.
- Approved, August 2, 2017
Volcker Rule -- interagency coordination of reviews of the treatment of certain foreign funds under the Volcker Rule.
- Announced, July 21, 2017
Covered-Fund Seeding Period -- delegation of authority to the Federal Reserve Banks to approve requests for extensions of time to conform certain "seeding" investments in hedge funds or private equity funds under the Volcker Rule, provided certain criteria are met.
- Approved, July 17, 2017
Appraisal Requirements -- publication for comment of a proposed interagency rule to increase the dollar threshold at or below which appraisals are not required for commercial real estate transactions.
- Approved, July 14, 2017
Regulatory Flexibility Act and Small-Entity Compliance Guides -- (1) principles for a handbook on the act and the development of compliance guides and (2) related delegations to approve and publish the guides and submit required reports to Congress.
- Approved, July 14, 2017
Prepaid Cards -- annual report to Congress on government-administered, general-use prepaid cards, in accordance with the Dodd-Frank Act.
- Approved, July 3, 2017
Minority Depository Institutions -- annual report to Congress on preserving minority depository institutions, in accordance with the Dodd-Frank Act.
- Approved, June 30, 2017
Credit Card Plans -- annual report to Congress on the profitability of credit card operations of depository institutions.
- Approved, June 30, 2017
Financial Sector Liabilities -- annual determination of the aggregate consolidated liabilities of financial companies, as required by section 622 of the Dodd-Frank Act.
- Approved, June 28, 2017
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.
- Announced, June 21, 2017
Volcker Rule Conformance Period -- requests by Deutsche Bank AG, UBS Group AG, and SVB Financial Group for an extended transition period of up to five years to conform investments in certain "illiquid" funds under the Volcker Rule.
- Approved, May 31, 2017
Appraiser Availability -- issuance of interagency advisory to help insured depository institutions and bank holding companies address a shortage of state-certified and -licensed appraisers, particularly in rural areas.
- Announced, May 31, 2017
Regulation CC (Availability of Funds and Collection of Checks) -- (1) final rule amending current check requirements to reflect electronic check collection and return, and (2) request for public comment on a proposed rule amending Regulation CC's liability provisions.
- Approved, May 16, 2017
Automated Clearinghouse (ACH) and Foreign Remittance Transfers -- report to Congress regarding the use of the ACH and other payment mechanisms for remittance transfers to foreign countries, in accordance with the Dodd-Frank Act.
- Approved, April 13, 2017
Office of Minority and Women Inclusion -- 2016 annual report to Congress, in accordance with the Dodd-Frank Act.
- Announced, April 6, 2017
Office of Minority and Women Inclusion -- 2016 annual report to Congress, in accordance with the Dodd-Frank Act.
- Comment cycle completed, March 28, 2017
Regulatory Burden Reduction -- interagency report to Congress on the review of regulatory burden, pursuant to the Economic Growth and Regulatory Paperwork Reduction Act.
- Approved, March 9, 2017
Regulation I (Issue and Cancellation of Federal Reserve Bank Capital Stock) -- final rule to apply an inflation adjustment to the asset threshold at which banks are subject to different dividend rates for their Federal Reserve Bank stock.
- Announced, February 22, 2017
Capital Plan and Stress Test Rules -- final rule regarding changes to the annual Comprehensive Capital Analysis and Review (CCAR) to take into account differing expectations for sound capital planning depending on the size, scope of operations, activity, and systemic risk profile of banking organizations, effective for the 2017 CCAR cycle.
- Approved, January 23, 2017
Secretary
Cyber Risk Management Standards -- extension to February 17, 2017, of the comment period on the interagency advance notice of proposed rulemaking on enhanced cyber risk management standards for large and interconnected financial companies.
- Approved, January 10, 2017
Rules of Practice for Hearings -- final rule adjusting the Board's civil money penalties to account for inflation.
- Approved, January 6, 2017
Regulation I (Issue and Cancellation of Federal Reserve Bank Capital Stock) -- final rule to apply an inflation adjustment to the asset threshold at which banks are subject to different dividend rates for their Federal Reserve Bank stock.
- Approved, January 5, 2017
Regulations A (Extension of Credit by Federal Reserve Banks) and D (Reserve Requirements of Depository Institutions) -- amendments to implement the Board's actions on rates taken on December 14, 2016, in conjunction with the determination of the Federal Open Market Committee to raise the target range for the federal funds rate.
- Approved, January 3, 2017
Banks, State Member
Regions Bank, Birmingham, Alabama -- to make certain public welfare investments.
- Approved, December 1, 2017
Regions Bank, Birmingham, Alabama -- to make certain public welfare investments (two applications).
- Approved, October 20, 2017
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment.
- Approved, October 12, 2017
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
- Approved, October 3, 2017
Happy State Bank, Happy, Texas -- to make a public welfare investment.
- Approved, September 28, 2017
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Approved, September 27, 2017
Regions Bank, Birmingham, Alabama -- to make certain public welfare investments (two applications).
- Approved, August 23, 2017
Secretary
First Financial Bank, Cincinnati, Ohio -- to make a public welfare investment.
- Approved, August 16, 2017
Secretary
Bank of Hawaii, Honolulu, Hawaii -- to make certain public welfare investments.
- Approved, August 15, 2017
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
- Approved, August 7, 2017
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
- Approved, July 25, 2017
Regions Bank, Birmingham, Alabama -- to make certain public welfare investments (two requests).
- Approved, July 21, 2017
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
- Approved, June 30, 2017
Secretary
First Financial Bank, Cincinnati, Ohio -- to make a public welfare investment.
- Approved, June 29, 2017
Secretary
Bank of Hawaii, Honolulu, Hawaii -- to make a public welfare investment.
- Approved, June 27, 2017
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Approved, June 26, 2017
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Approved, June 20, 2017
Regions Bank, Birmingham, Alabama -- to make a public welfare investment.
- Approved, June 9, 2017
Lafayette Ambassador Bank, Bethlehem, Pennsylvania -- to make a public welfare investment.
- Approved, June 8, 2017
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
- Approved, June 8, 2017
East West Bank, Pasadena, California -- to make certain public welfare investments (two requests).
- Approved, May 25, 2017
Regions Bank, Birmingham, Alabama -- to make certain public welfare investments.
- Approved, May 17, 2017
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment through its subsidiary, WA PWI, LLC, Phoenix.
- Approved, April 10, 2017
Regions Bank, Birmingham, Alabama -- to make certain public welfare investments (two applications).
- Approved, March 22, 2017
Ally Bank, Midvale, Utah -- to make certain public welfare investments.
- Approved, February 7, 2017
Ally Bank, Midvale, Utah -- to make certain public welfare investments.
- Approved, January 31, 2017
Secretary
Bank of Hawaii, Honolulu, Hawaii -- to make certain public welfare investments.
- Approved, January 31, 2017
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Approved, January 24, 2017
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
- Approved, January 17, 2017
Regions Bank, Birmingham, Alabama -- to make certain public welfare investments.
- Approved, January 13, 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
Monetary Policy -- statement by Chair Yellen before the House Committee on Financial Services on July 12 and the Senate Committee on Banking, Housing, and Urban Affairs on July 13, 2017, on the semiannual monetary policy report to the Congress.
- Published, July 12, 2017
Monetary Policy -- statement of Chair Yellen before the House Committee on Financial Services on July 12 and the Senate Committee on Banking, Housing, and Urban Affairs on July 13, 2017, on the semiannual monetary policy report to the Congress.
- Discussed, July 5, 2017
Regulation and Economic Growth -- statement by Governor Powell before the Senate Committee on Banking, Housing, and Urban Affairs on the relationship between regulation and economic growth.
- Published, June 22, 2017
Regulation and Economic Growth -- statement by Governor Powell before the Senate Committee on Banking, Housing, and Urban Affairs on June 22, 2017, on the Federal Reserve's role in the post-crisis regulatory and supervisory framework for financial institutions.
- Comment cycle completed, June 19, 2017
Monetary Policy -- statement by Chair Yellen before the Senate Committee on Banking, Housing, and Urban Affairs on February 14 and the House Committee on Financial Services on February 15, 2017, on the semiannual monetary policy report to the Congress.
- Published, February 14, 2017
Financial Holding Companies
Banco Bilbao Vizcaya Argentaria, S.A., Bilbao, Spain -- election to become a financial holding company.
- Effective, August 1, 2017
Personnel
Division of Monetary Affairs -- appointment of Trevor A. Reeve as deputy director and Mary T. Hoffman as associate director.
- Announced, November 21, 2017
Division of Supervision and Regulation -- appointment of John Kolb as associate director.
- Approved, November 4, 2017
Division of Supervision and Regulation -- appointment of Richard Nathan Ragan as senior associate director.
- Approved, October 18, 2017
Division of Research and Statistics -- appointment of Patrick McCabe as assistant director and reassignment of Elizabeth Kiser, Michael Palumbo, and Diana Hancock.
- Approved, September 26, 2017
Division of Monetary Affairs -- appointment of Brian Madigan and Stephen Meyer as senior advisers and Matthew Luecke as associate director.
- Announced, September 22, 2017
Management Division -- appointment of Curtis Eldridge as associate director and Katherine Perez-Grines and Daniela Wegmann as assistant directors.
- Announced, September 21, 2017
Office of Inspector General -- appointment of Gerald L. Maye as assistant inspector general for investigations.
- Approved, September 12, 2017
Division of Monetary Affairs -- appointment of Rochelle Edge as deputy director.
- Announced, September 1, 2017
Division of Supervision and Regulation -- appointment of Jennifer Burns as deputy director.
- Approved, August 23, 2017
Management Division -- appointment of Tameika Pope as senior associate director and chief human capital officer and Reginald Roach as deputy associate director.
- Announced, August 8, 2017
Management Division -- appointment of Tameika Pope as senior associate director and chief human capital officer and Reginald Roach as deputy associate director.
- Approved, July 25, 2017
Legal Division -- appointment of Mark Van Der Weide as director and general counsel of the Board and reassignment of Scott Alvarez as senior adviser.
- Approved, July 5, 2017
Division of International Finance -- appointment of Stephanie Curcuru, Matteo Iacoviello, and Carol Bertaut as assistant directors, and Sally Davies as deputy associate director.
- Announced, June 12, 2017
Division of International Finance -- appointment of Stephanie Curcuru and Matteo Iacoviello as assistant directors.
- Approved, June 8, 2017
Division of Supervision and Regulation -- appointment of Mary Aiken as senior associate director.
- Announced, June 5, 2017
Division of International Finance -- appointment of Sally Davies as deputy associate director and Carol Bertuat as assistant director.
- Approved, June 2, 2017
Division of Financial Stability -- appointment of William Bassett as associate director and Luca Guerrieri as deputy associate director, and transfer of Andrew Cohen from the Division of Research and Statistics to Financial Stability as assistant director.
- Announced, May 31, 2017
Division of Supervision and Regulation -- appointment of Steven Merriett as senior associate director; Jeffrey Gunther as associate director; and Constance Horsley, Laurie Priest, Thomas Odegard, and John Beebe as deputy associate directors.
- Announced, May 25, 2017
Division of Supervision and Regulation -- Mary Aiken as senior associate director.
- Approved, May 22, 2017
Division of Financial Stability (FS) -- appointment of William Bassett as associate director and Luca Guerrieri as deputy associate director, and transfer of Andrew Cohen from the Division of Research and Statistics to FS as assistant director.
- Approved, May 15, 2017
Division of Financial Management -- appointment of Ricardo Aguilera as director and chief financial officer.
- Announced, May 8, 2017
Division of Supervision and Regulation -- appointment of Steven Merriett as senior associate director; Jeffrey Gunther as associate director; and Constance Horsley, Laurie Priest, Thomas Odegard, and John Beebe as deputy associate directors.
- Approved, May 2, 2017
Division of Supervision and Regulation -- officer reassignments and appointment of John Beebe as assistant director.
- Approved, May 1, 2017
Division of Reserve Bank Operations and Payment Systems -- appointment of Rebecca Royer and Mark Olechowski as assistant directors.
- Approved, April 17, 2017
Division of Information Technology -- appointment of Raymond Romero, Lisa Bell, and Kofi Sapong as deputy directors.
- Announced, April 4, 2017
Division of Financial Management -- appointment of Ricardo Aguilera as division director, effective June 26, 2017, and of Steve Bernard as acting division director from April 2 through June 25; and division restructuring.
- Approved, March 30, 2017
Division of Supervision and Regulation (S&R) -- reassignment of Ann McKeehan from her detail in the Office of Board Members to S&R.
- Approved, March 29, 2017
Management Division -- appointment of Winona Varnon as deputy director and David Capp as senior adviser.
- Approved, March 22, 2017
Division of Monetary Affairs -- appointment of Laura Lipscomb as assistant director and Edward Nelson as senior adviser.
- Announced, March 21, 2017
Division of Monetary Affairs -- reassignment of reporting responsibility for Robert Tetlow, senior adviser.
- Approved, March 20, 2017
Division of Information Technology -- appointment of Raymond Romero, Lisa Bell, and Kofi Sapong as deputy directors and associated restructuring.
- Approved, March 16, 2017
Division of Monetary Affairs -- appointment of Laura Lipscomb as assistant director.
- Approved, March 16, 2017
Office of the Secretary -- appointment of Ann Misback as Secretary of the Board and Robert Frierson as senior adviser, effective April 2, 2017.
- Approved, February 27, 2017
Management Division -- appointment of Catherine Jack as assistant director.
- Announced, February 7, 2017
Division of Supervision and Regulation -- appointment of Ann McKeehan as adviser.
- Approved, January 27, 2017
Division of Financial Management -- appointment of Andrew Leonard as senior adviser.
- Announced, January 24, 2017
Division of Financial Stability -- appointment of Michael Kiley as deputy director and Rochelle Edge and John Schindler as associate directors.
- Announced, January 23, 2017
Division of Reserve Bank Operations and Payment Systems -- appointment of Amy Burr as acting assistant director.
- Approved, January 6, 2017
Division of Financial Stability -- appointment of Michael Kiley as deputy director and Rochelle Edge and John Schindler as associate directors.
- Approved, January 5, 2017
Management Division -- appointment of Catherine Jack as assistant director.
- Approved, January 3, 2017
Monetary and Financial Policy
Term Deposit Facility (TDF) -- to authorize adjustments to the terms and conditions of individual TDF test operations that raise significant technical or operational issues, and to consolidate prior authorizations relating to proposed TDF testing.
- Approved, November 15, 2017
Term Deposit Facility -- floating-rate offering of seven-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $1 billion on October 19, 2017.
- Announced, October 12, 2017
Term Deposit Facility -- floating-rate offering of seven-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $1 billion on August 10, 2017.
- Announced, August 3, 2017
Monetary and Financial Policy -- joint meeting with the Federal Open Market Committee.
- Discussed, June 14, 2017
Term Deposit Facility -- floating-rate offering of seven-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $1 billion on May 18, 2017.
- Announced, May 11, 2017
Monetary and Financial Policy -- joint meeting with the Federal Open Market Committee.
- Discussed, May 3, 2017
Monetary and Financial Policy -- joint meeting with the Federal Open Market Committee.
- Discussed, March 15, 2017
Term Deposit Facility -- floating-rate offering of seven-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $1 billion on February 23, 2017.
- Announced, February 16, 2017
Monetary Policy Report -- semiannual monetary policy report and statement to Congress.
- Statement discussed. Report authorized, February 6, 2017
Term Deposit Facility -- floating-rate offering of seven-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $1 billion on February 23, May 18, August 10, and October 19, 2017.
- Approved, February 1, 2017
Monetary and Financial Policy -- Joint meeting with the Federal Open Market Committee.
- Discussed, February 1, 2017
Financial Stability -- periodic briefing and discussion on financial markets, institutions, and infrastructure by the Division of Financial Stability.
- Discussed, January 24, 2017
Banking Supervision & Regulation
JPMorgan Chase & Co., New York, New York -- request to redeem certain trust preferred securities.
- Granted, November 14, 2017
Morgan Stanley, New York, New York -- non-objection to a resubmitted capital plan in connection with the 2016 Comprehensive Capital Analysis and Review.
- Announced, March 2, 2017
Savings and Loan Holding Companies
General Counsel
State Farm Mutual Automobile Insurance Company, Bloomington, Illinois -- request for an exemption to permit an individual to become an institution-affiliated party (five requests).
- Granted, October 27, 2017
General Counsel
State Farm Mutual Automobile Insurance Company, Bloomington, Illinois -- request for an exemption to permit an individual to become an institution-affiliated party (two requests).
- Granted, October 5, 2017
General Counsel
State Farm Mutual Automobile Insurance Company, Bloomington, Illinois -- request for an exemption to permit an individual to become an institution-affiliated party (twelve requests).
- Granted, August 3, 2017
General Counsel
State Farm Mutual Automobile Insurance Company, Bloomington, Illinois -- request for an exemption to permit an individual to become an institution-affiliated party (five requests).
- Granted, July 28, 2017
General Counsel
State Farm Mutual Automobile Insurance Company, Bloomington, Illinois -- request for an exemption to permit an individual to become an institution-affiliated party.
- Granted, July 27, 2017
Seneca Federal Savings and Loan Association, Baldwinsville, New York, and Ponce de Leon Federal Bank, Bronx -- requests for limited waivers under Regulation MM in connection with their proposed reorganizations to mutual holding company form and related initial public offerings; and delegation of authority to the Federal Reserve Banks to grant waivers of certain provisions concerning mutual holding company stock issuances in similar circumstances that do not raise significant legal, policy, or supervisory concerns.
- Granted, June 22, 2017
TIAA Board of Overseers, New York, New York; Teachers Insurance and Annuity Association of America; and TCT Holdings, Inc. -- to acquire EverBank Financial Corp, Jacksonville, Florida, and thereby indirectly acquire EverBank, a federal savings association.
- Approved, June 6, 2017
Illinois Agricultural Association, Bloomington, Illinois; Illinois Agricultural Holding Co.; and COUNTRY Life Insurance Company -- to deregister as savings and loan holding companies.
- Approved, May 10, 2017
John Deere Financial, f.s.b., Madison, Wisconsin -- request for an exception from anti-tying restrictions of the Home Owners' Loan Act in order to continue to offer promotional financing arrangements through its private-label credit cards to customers who purchase products manufactured by its affiliates.
- Granted, February 14, 2017
Monetary Policy Implementation
Monetary Policy Implementation -- rates on reserve balances and on discounts and advances unchanged.
- Approved, September 20, 2017
Monetary Policy Implementation -- rates on reserve balances and on discounts and advances unchanged.
- Approved, July 26, 2017
Federal Open Market Committee -- increase in the target range for the federal funds rate to 1 percent to 1-1/4 percent, effective June 15, 2017.
- Announced, June 14, 2017
Interest on Reserves; Discount and Advance Rates -- increase in the (1) interest rate paid on required and excess reserve balances from 1 percent to 1-1/4 percent and (2) primary credit rate from 1-1/2 percent to 1-3/4 percent, both effective June 15, 2017.
- Approved, June 14, 2017
Monetary Policy Implementation -- rates on reserve balances and on discounts and advances unchanged.
- Approved, May 3, 2017
Federal Open Market Committee -- increase in the target range for the federal funds rate to 3/4 percent to 1 percent, effective March 16, 2017.
- Announced, March 15, 2017
Interest on Reserves; Discount and Advance Rates -- increase in the (1) interest rate paid on required and excess reserve balances from 3/4 percent to 1 percent and (2) primary credit rate from 1-1/4 percent to 1-1/2 percent, both effective March 16, 2017.
- Approved, March 15, 2017
MONETARY POLICY IMPLEMENTATION -- Rates on reserve balances and on discount and advance rates unchanged. -- MONETARY POLICY IMPLEMENTATION -- Rates on reserve balances and on discount and advance rates unchanged.
- Approved, February 1, 2017
Supervision and Regulation
Resolution Plans -- joint determination with the Federal Deposit Insurance Corporation to extend the resolution plan filing dates (1) for eight large domestic banking organizations to July 1, 2019; and (2) for 82 foreign banking organizations with limited U.S. operations to December 31, 2018.
- Approved, September 27, 2017
Resolution Plans -- joint determination with the Federal Deposit Insurance Corporation (1) to move the resolution plan filing date for 21 foreign and domestic banking organizations to December 31, 2018; and (2) to notify Canara Bank and Mercantil Commercebank that they may file reduced resolution plans in 2017, 2018 and 2019.
- Approved, August 2, 2017
Regulation TT (Supervision and Regulation Assessments of Fees) -- 2016 supervisory assessments, assessed companies, and related matters, pursuant to the Dodd-Frank Act and Regulation TT.
- Approved, June 30, 2017
Resolution Plans -- joint determination with the Federal Deposit Insurance Corporation to extend to December 31, 2018, the resolution plan filing dates for American International Group, Inc., and Prudential Financial, Inc.
- Approved, June 22, 2017
Stress Tests and Capital Plan Reviews -- 2017 results.
- Approved, June 21, 2017
Wells Fargo & Company, San Francisco, California -- joint determination by the Board and the Federal Deposit Insurance Corporation that Wells Fargo & Company has adequately remedied the deficiencies in its 2015 resolution plan and therefore will no longer be subject to restrictions on its growth, activities, and operations that were imposed last year.
- Approved, April 24, 2017
MassMutual Financial Group, Springfield, Massachusetts -- request to use an alternative accounting standard to calculate its liabilities for purposes of Regulation XX.
- Approved, March 31, 2017
Resolution Plans -- joint Board and Federal Deposit Insurance Corporation guidance on the resolution planning requirements of the Dodd-Frank Act for four foreign banking organizations (FBOs) (Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, and UBS AG); and extension to July 1, 2018, of the FBOs' 2016 and 2017 resolution plan submission dates.
- Approved, March 22, 2017
Resolution Plans -- joint Board and Federal Deposit Insurance Corporation feedback on the December 2015 resolution plans of 16 domestic banking organizations; and instructions and guidance for the development of the firms' December 2017 resolution plans, in accordance with the Dodd-Frank Act.
- Approved, March 22, 2017

Last Update: December 14, 2017