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

Bank Branches, Domestic
Secretary
Greenfield Cooperative Bank, Greenfield, Massachusetts -- to establish a branch at 487 Newton Street, South Hadley, and request to exceed the limit on investment in bank premises.
- Approved, May 17, 2019
Secretary
Pacific Premier Bank, Irvine, California -- to establish a branch at 790 East Colorado Boulevard, Pasadena.
- Approved, April 2, 2019
Secretary
Professional Bank, Coral Gables, Florida -- to establish a branch at 980 North Federal Highway, Boca Raton.
- Approved, March 14, 2019
Regions Bank, Birmingham, Alabama -- to establish seven branches in Georgia, Illinois, Missouri, Tennessee, and Texas.
- Approved, February 5, 2019
Secretary
Synovus Bank, Columbus, Georgia -- to establish a branch at 3448 Sandy Plains Road, Marietta.
- Approved, January 23, 2019
Secretary
IBERIABANK, Lafayette, Louisiana -- to establish a branch at 821 West 49th Street, Hialeah, Florida.
- Approved, January 9, 2019
Board Operations
System of Records -- publication for comment of a notice to modify an existing system of records, FRB-Recruiting and Placement Records, to be renamed FRB-Recruiting, Placement, and Onboarding Records (BGFRS-1).
- Approved, April 23, 2019
Secretary
System of Records -- publication for comment of a notice of a proposed new system of records, BGFRS-41 (FRB--Ethics Program Records).
- Approved, February 26, 2019
Bank Holding Companies
General Counsel
Village Investment Company, Fairfield, Iowa -- waiver of application to acquire Farmers and Traders Bancorporation, Inc., Douds, and Farmers and Traders Savings Bank (Farmers Bank), in connection with Farmers Bank's merger with and into Libertyville Savings Bank, Fairfield.
- Granted, June 12, 2019
Ameris Bancorp, Moultrie, Georgia -- to merge with Fidelity Southern Corporation (FSC), Atlanta, and thereby indirectly acquire FSC's subsidiary, Fidelity Bank.
- Approved, June 10, 2019
General Counsel
CBS Banc-Corp., Russellville, Alabama -- waiver of application to acquire PrimeSouth Bancshares, Inc., Tallassee, and PrimeSouth Bank (Bank), in connection with Bank's merger with and into CB&S Bank, Inc., Russellville.
- Granted, June 3, 2019
General Counsel
Hanover Bancorp, Inc., Mineola, New York -- waiver of application to acquire Chinatown Federal Savings Bank (CFSB), New York, in connection with the merger of CFSB with and into Hanover Community Bank, Garden City Park.
- Granted, May 23, 2019
General Counsel
German American Bancorp, Inc., Jasper, Indiana -- waiver of application to acquire Citizens First Corporation, Bowling Green, Kentucky, and Citizens First Bank, Inc. (Citizens Bank), in connection with Citizens Bank's merger with and into German American Bank, Jasper.
- Granted, May 20, 2019
General Counsel
New Mexico First Financial, Inc. (NMFF), Las Cruces, New Mexico -- waiver of application in connection with a corporate reorganization to change NMFF's state of incorporation from Delaware to New Mexico, where NMFF's subsidiary, Western Heritage Bank, is located.
- Granted, May 20, 2019
General Counsel
F&M Bancshares, Inc., Trezevant, Tennessee -- waiver of application to acquire Chester County Bancshares, Inc., Henderson, in connection with the merger of Farmers and Merchants Bank, Adamsville, and Chester County Bank, Henderson, with and into Centennial Bank, Trezevant.
- Granted, May 8, 2019
Spence Limited, LP, Blakely, Georgia -- relief from certain commitments.
- Granted, April 16, 2019
General Counsel
First Financial Corporation, Terre Haute, Indiana -- waiver of application to acquire HopFed Bancorp, Inc., Hopkinsville, Kentucky, and Heritage Bank USA, Inc. (Heritage Bank), in connection with Heritage Bank's merger with and into First Financial Bank, National Association, Terre Haute.
- Granted, April 15, 2019
Las Vegas Bancorporation, Albuquerque, New Mexico -- relief from certain commitments.
- Granted, April 4, 2019
General Counsel
The Korea Development Bank, Seoul, South Korea -- request for a temporary exemption to retain its interest in Sewon Technology Co., Ltd., Daegu, South Korea.
- Granted, April 2, 2019
General Counsel
BancorpSouth Bank, Tupelo, Mississippi -- waiver of application to acquire Merchants Trust, Inc., Jackson, Alabama, and Merchants Bank, in connection with Merchants Bank's merger with and into BancorpSouth Bank.
- Granted, March 28, 2019
General Counsel
BancorpSouth Bank, Tupelo, Mississippi -- waiver of application to acquire Casey Bancorp, Inc., Dallas, Texas, and Grand Bank of Texas (Grand Bank), in connection with Grand Bank's merger with and into BancorpSouth Bank.
- Granted, March 28, 2019
General Counsel
Farmers and Merchants Bankshares, Inc., Stuttgart, Arkansas -- waiver of application to merge with Mountain Home Bancshares, Inc., Mountain Home, and Integrity First Bank, National Association (Integrity Bank), in connection with Integrity Bank's merger with and into The Farmers and Merchants Bank, Stuttgart.
- Granted, March 27, 2019
General Counsel
Glacier Bancorp, Inc., Kalispell, Montana -- waiver of application to acquire FNB Bancorp, Layton, Utah, and The First National Bank of Layton (FN Bank), in connection with FN Bank's merger with and into Glacier Bank, Kalispell.
- Granted, March 27, 2019
General Counsel
Merchants Bancorp, Inc., Hillsboro, Ohio -- waiver of application to acquire Citizens Independent Bancorp, Inc., Logan, and The Citizens Bank of Logan (Citizens Bank), in connection with Citizens Bank's merger with and into Merchants National Bank, Hillsboro.
- Granted, March 27, 2019
General Counsel
Community Bank System, Inc., DeWitt, New York -- waiver of application to acquire Kinderhook Bank Corp., Kinderhook, and The National Union Bank of Kinderhook (Kinderhook Bank), in connection with Kinderhook Bank's merger with and into Community Bank, N.A., Canton.
- Granted, March 26, 2019
General Counsel
Berkshire Hills Bancorp, Inc., Boston, Massachusetts -- waiver of application to acquire SI Financial Group, Inc., Willimantic, Connecticut, and Savings Institute Bank and Trust Company (Bank), in connection with Bank's merger with and into Berkshire Bank, Pittsfield, Massachusetts.
- Granted, March 20, 2019
General Counsel
Commerce Bancorp, Inc., Greenwood, Mississippi -- waiver of application to acquire Peoples Commerce Corporation, North Carrollton, and The Peoples Bank & Trust Company (Peoples Bank), in connection with Peoples Bank's merger with and into Bank of Commerce, Greenwood.
- Granted, March 20, 2019
General Counsel
First Citizens BancShares, Inc., Raleigh, North Carolina, and First-Citizens Bank & Trust Company (FC Bank) -- waiver of application to acquire First South Bancorp, Inc., Spartanburg, South Carolina, and First South Bank (Bank), in connection with Bank's merger with and into FC Bank.
- Granted, March 19, 2019
General Counsel
Horizon Bancorp, Inc., Michigan City, Indiana -- waiver of application to acquire Salin Bancshares, Inc., Indianapolis, and Salin Bank and Trust Co. (Salin Bank), in connection with Salin Bank's merger with and into Horizon Bank, Michigan City.
- Granted, March 19, 2019
General Counsel
Heartland Financial USA, Inc., Dubuque, Iowa -- waiver of application to acquire Blue Valley Ban Corp., Overland Park, Kansas, and Bank of Blue Valley (Bank), in connection with Bank's merger with and into Morrill & Janes Bank and Trust Company, Merriam, Kansas.
- Granted, March 18, 2019
BB&T Corporation, Winston-Salem, North Carolina -- (1) interagency notice of public meetings in Atlanta, Georgia, on May 3, 2019, and Charlotte, North Carolina, on April 25 on the proposal to acquire SunTrust Banks, Inc., Atlanta, Georgia, and its subsidiary, SunTrust Bank, and to merge SunTrust Bank with and into Branch Banking and Trust Company, Winston-Salem; and (2) extension of the public comment period through May 3, 2019.
- Approved, March 13, 2019
General Counsel
Stock Yards Bancorp, Inc., Louisville, Kentucky -- waiver of application to acquire King Bancorp, Louisville, and King Southern Bank (Bank), Chaplin, in connection with Bank's merger with and into Stock Yards Bank & Trust Company, Louisville.
- Granted, March 12, 2019
CenterState Bank Corporation, Winter Haven, Florida -- to merge with National Commerce Corporation, Birmingham, Alabama, and thereby indirectly acquire National Bank of Commerce.
- Approved, March 11, 2019
General Counsel
United Community Banks, Inc., Blairsville, Georgia -- waiver of application to acquire First Madison Bank & Trust (First Madison), Colbert, in connection with the merger of First Madison with and into United Community Bank, Blairsville.
- Granted, March 8, 2019
General Counsel
Bank First National Corporation, Manitowoc, Wisconsin -- waiver of application to acquire Partnership Community Bancshares, Inc., Cedarburg, and Partnership Bank, in connection with Partnership Bank's merger with and into Bank First, N.A., Manitowoc.
- Granted, March 8, 2019
Fifth Third Bancorp, Cincinnati, Ohio, and Fifth Third Bank -- for Fifth Third Bancorp to acquire MB Financial, Inc., Chicago, Illinois, and thereby indirectly acquire MB Financial Bank, N.A. (MB Bank); and for Fifth Third Bank, Cincinnati, to merge with MB Bank and thereby establish branches.
- Approved, March 5, 2019
General Counsel
SJN Banc Co., St. John, Kansas; and SJN Bank of Kansas -- waiver of application to acquire The Nekoma State Bank (Nekoma Bank), La Crosse, in connection with the merger of Nekoma Bank with and into SJN Bank of Kansas.
- Granted, March 5, 2019
Secretary
American National Bankshares, Inc., Danville, Virginia -- (1) to merge with HomeTown Bankshares Corporation, Roanoke, and thereby acquire HomeTown Bank; and (2) to acquire HomeTown Residential Mortgage, LLC, Virginia Beach, and thereby engage in mortgage banking activities.
- Approved, March 5, 2019
Citizens Financial Group, Inc., Providence, Rhode Island -- relief from a commitment.
- Granted, February 25, 2019
NBC Bancshares LLC, Lincoln, Nebraska -- relief from certain commitments.
- Granted, February 21, 2019
General Counsel
Morris State Bancshares, Inc., Dublin, Georgia -- waiver of application to acquire FMB Equibanc, Inc., Statesboro, and Farmers & Merchants Bank (Bank), in connection with Bank's merger with and into Morris Bank, Dublin.
- Granted, February 14, 2019
General Counsel
Colony Bankcorp, Inc., Fitzgerald, Georgia -- waiver of application to acquire LBC Bancshares, Inc., LaGrange, and Calumet Bank, in connection with Calumet Bank's merger with and into Colony Bank, Fitzgerald.
- Granted, February 12, 2019
General Counsel
Simmons First National Corporation, Pine Bluff, Arkansas -- waiver of application to acquire Reliance Bancshares, Inc., and Reliance Bank, Des Peres, Missouri, in connection with Reliance Bank's merger with and into Simmons Bank, Pine Bluff.
- Granted, February 4, 2019
General Counsel
Ida Grove Bancshares, Inc., Ida Grove, Iowa -- waiver of application to acquire Rolfe State Bank (Bank), Rolfe, a subsidiary of Dixon Bancshares, in connection with Bank's merger with and into United Bank of Iowa, Ida Grove.
- Granted, February 1, 2019
General Counsel
Independent Bank Corp, Inc., Rockland, Massachusetts -- waiver of application to acquire Blue Hills Bancorp, Inc., Norwood, and Blue Hills Bank, Hyde Park, in connection with Blue Hills Bank's merger with and into Rockland Trust Company, Rockland.
- Granted, January 29, 2019
General Counsel
Peoples Bancorp Inc., Marietta, Ohio -- waiver of application to acquire First Prestonsburg Bancshares Inc., Prestonsburg, Kentucky, and The First Commonwealth Bank of Prestonsburg Inc. (Bank), in connection with Bank's merger with and into Peoples Bank, Marietta.
- Granted, January 25, 2019
General Counsel
Alliance Bancshares, Inc., Sulphur Springs, Texas -- waiver of application to acquire Mount Vernon Bankshares, Inc., Mount Vernon, and The First National Bank of Mount Vernon (Bank), in connection with Bank's merger with and into Alliance Bank, Sulphur Springs.
- Granted, January 23, 2019
General Counsel
Enterprise Financial Services Corp, Clayton, Missouri -- waiver of application to acquire Trinity Capital Corporation, Los Alamos, New Mexico, and Los Alamos National Bank (Bank), in connection with Bank's merger with and into Enterprise Bank & Trust, Clayton.
- Granted, January 23, 2019
General Counsel
Equitable Bancorp, MHC, East Weymouth, Massachusetts -- waiver of application to acquire South Shore Mutual Holding Company, Weymouth, and Coastal Heritage Bank (CHB), in connection with CHB's merger with and into Equitable Bank, East Weymouth.
- Granted, January 18, 2019
General Counsel
First Citizens BancShares, Inc., Raleigh, North Carolina -- waiver of application to acquire Biscayne Bancshares, Inc., Coconut Grove, Florida, and Biscayne Bank, in connection with Biscayne Bank's merger with and into First-Citizens Bank & Trust Company, Raleigh.
- Granted, January 18, 2019
General Counsel
McLaughlin Holding Company, Moline, Illinois -- waiver of application to acquire Gateway Banc Corp., Roscoe, and Gateway Community Bank (GCB), in connection with GCB's merger with and into SENB Bank, Moline.
- Granted, January 18, 2019
First Busey Corporation, Champaign, Illinois -- to merge with The Banc Ed Corp., Edwardsville, and thereby indirectly acquire The Bank of Edwardsville.
- Approved, January 10, 2019
Bank Mergers
First Interstate Bank, Billings, Montana -- to merge with Idaho Independent Bank (Idaho Bank), Coeur d'Alene, Idaho, and to establish branches at the locations of Idaho Bank's main office and branches.
- Approved, March 22, 2019
Secretary
Mountain Valley Bank, Walden, Colorado -- to acquire certain assets and assume certain liabilities of the Steamboat Springs branch of Citywide Banks, Denver, and thereby establish a branch.
- Approved, February 5, 2019
Equity Bank, Andover, Kansas -- to acquire certain assets and assume certain liabilities of MidFirst Bank, Oklahoma City, Oklahoma, and thereby establish branches.
- Approved, January 23, 2019
Enforcement
Goldman Sachs & Co., New York, New York -- issuance of a consent cease-and-desist order against Youlei Tang, a former institution-affiliated party.
- Announced, June 6, 2019
JPMorgan Chase & Co., New York, New York -- Termination of January 2013 enforcement action identifying deficiencies in the firm's internal controls.
- Announced, June 6, 2019
Fulton Financial Corporation, Lancaster, Pennsylvania; and Lafayette Ambassador Bank, Bethlehem -- cease-and-desist order dated September 4, 2014, terminated May 20, 2019.
- Announced, May 23, 2019
United Bank Limited, Karachi, Pakistan; and United Bank Limited, New York Branch, New York, New York -- written agreement dated July 2, 2018, terminated May 20, 2019.
- Announced, May 23, 2019
The Croghan Colonial Bank, Fremont, Ohio -- issuance of a consent order of prohibition and cease-and-desist order against Katherine Tibboles, a former institution-affiliated party.
- Announced, May 21, 2019
Highlands Bankshares, Inc., Abingdon, Virginia; and Highlands Union Bank -- written agreement dated October 13, 2010, terminated May 16, 2019.
- Announced, May 21, 2019
Adams Bank and Trust, Ogallala, Nebraska -- issuance of a consent order of assessment of a civil money penalty.
- Announced, May 16, 2019
Fayette County Bank, Saint Elmo, Illinois -- issuance of a consent order of prohibition against Adam D. Koontz, a former institution-affiliated party of Fayette County Bank.
- Announced, May 16, 2019
First American Bancorp, Greenwood Village, Colorado -- written agreement dated August 20, 2010, terminated May 3, 2019.
- Announced, May 7, 2019
Centennial Bank, Lubbock, Texas -- issuance of a consent order of prohibition against Christopher O'Connell, a former institution-affiliated party of Centennial Bank.
- Announced, May 2, 2019
Sumitomo Mitsui Banking Corporation, Tokyo, Japan; and Sumitomo Mitsui Banking Corporation, New York Branch, New York, New York -- written agreement with the Federal Reserve Bank of New York.
- Announced, April 25, 2019
BB&T Corporation, Winston-Salem, North Carolina -- cease-and-desist order dated January 25, 2017, terminated April 17, 2019.
- Announced, April 18, 2019
Princeton Capital Holdings LLC, Ewing, New Jersey; Princeton Capital LLC; and PrinCap Holdings One LLC -- written agreement with the Federal Reserve Bank of Philadelphia.
- Announced, April 16, 2019
UniCredit S.p.A., Milan, Italy; UniCredit Bank AG, Munich, Germany; and UniCredit Bank Austria AG, Vienna, Austria -- issuance of a consent cease-and-desist order and assessment of a civil money penalty for unsafe and unsound practices relating to U.S. sanctions laws. 
- Approved, April 9, 2019
Standard Chartered plc, London, United Kingdom; Standard Chartered Bank; and Standard Chartered Bank, New York Branch, New York, New York -- issuance of a consent cease-and-desist order and assessment of a civil money penalty for unsafe and unsound practices relating to inadequate sanctions controls and failure to disclose sanctions risks. 
- Approved, April 8, 2019
Commercial State Bank, Andrews, Texas -- cease-and-desist order dated December 26, 2018, terminated March 18, 2019.
- Announced, March 21, 2019
Barclays Bank PLC, New York Branch, New York, New York -- issuance of an order granting parties' joint motion to temporarily stay proceedings in the Board's enforcement action against Peter Little, a former institution-affiliated party, pending assignment of an administrative law judge.
- Approved, March 14, 2019
The Goldman Sachs Group, Inc., New York, New York -- issuance of a consent order of prohibition and an order of assessment of civil money penalty against Tim Leissner, and issuance of a notice of prohibition against Ng Chong Hwa a/k/a Roger Ng, both former institution-affiliated parties of various nonbank subsidiaries of The Goldman Sachs Group, Inc.
- Announced, March 12, 2019
Cogent Bancorporation, Inc., f/k/a Pinnacle Bank Holding Company, Inc., Orange City, Florida -- written agreement dated August 29, 2011, terminated March 1, 2019.
- Announced, March 5, 2019
FCB Financial Corp., Savannah, Georgia -- written agreement dated November 12, 2010, terminated February 26, 2019.
- Announced, February 28, 2019
OakStar Bank, Springfield, Missouri -- issuance of a consent order of prohibition against Caleb T. Jones, a former institution-affiliated party of OakStar Bank.
- Announced, February 28, 2019
Wintrust Financial Corporation, Rosemont, Illinois -- issuance of a consent order of assessment of a civil money penalty.
- Announced, February 28, 2019
SunTrust Bank, Atlanta, Georgia -- issuance of a consent order of prohibition against Alison Keefe, a former institution-affiliated party of SunTrust Bank.
- Announced, February 7, 2019
Mariner's Bancorp, Edgewater, New Jersey -- issuance of a consent notice of suspension and prohibition against Fred Daibes, a former institution-affiliated party of Mariner's Bancorp.
- Announced, February 5, 2019
J.P. Morgan Chase & Co., New York, New York -- issuance of a consent order of prohibition against Timothy Fletcher, a former institution-affiliated party of J.P. Morgan Securities (Asia Pacific) Limited.
- Approved, February 5, 2019
CFG Community Bank, Baltimore, Maryland -- consent order of prohibition against David Lavine, a former institution-affiliated party.
- Announced, January 22, 2019
Deutsche Bank AG, Frankfurt am Main, Germany -- remediation plan submitted by Deutsche Bank AG, as required under the Board's 2015 enforcement action.
- Approved, January 17, 2019
Frost Bank, San Antonio, Texas -- issuance of a consent order of prohibition and cease-and-desist order against Raysol Villalobos, a/k/a/ Ray Galvan, a former institution-affiliated party.
- Approved, January 16, 2019
A.E. Bancorp, Inc., Buffalo Grove, Illinois -- written agreement dated July 1, 2010, terminated January 9, 2019.
- Announced, January 10, 2019
Commercial State Bank, Andrews, Texas -- issuance of a consent cease-and-desist order.
- Announced, January 8, 2019
Extensions Of Time
Secretary
Citizens Financial Group, Inc., Providence, Rhode Island -- request for an extension of time until December 2, 2019, to fully incorporate its acquired mortgage servicing portfolio into its Y-14M submission.
- Granted, May 17, 2019
Morgan Stanley, New York, New York -- extension of time to conform or divest a merchant banking investment.
- Granted, May 16, 2019
Secretary
China Merchants Group Limited, Hong Kong, People's Republic of China -- extension to May 1, 2020, to comply with the capital stress test requirements and the related FR Y-7 reporting requirements.
- Granted, May 6, 2019
Secretary
CITIC Group Corporation, Beijing, People's Republic of China -- extension to May 1, 2020, to comply with the capital stress test requirements and the related FR Y-7 reporting requirements.
- Granted, May 6, 2019
Secretary
Morgan Stanley, New York, New York -- extension of time to dispose of certain real estate and loan assets.
- Granted, April 12, 2019
Secretary
Ameriprise Financial, Inc., Minneapolis, Minnesota -- extension of time to bring its activities and investments into conformance with the Volcker Rule, in connection with Ameriprise's application to become a savings and loan holding company.
- Granted, April 12, 2019
Secretary
The Bank of New York Mellon Corporation, New York, New York -- extension until January 1, 2020, to comply with the requirement under Regulation YY to maintain eligible long-term debt based on the firm's total leverage exposure.
- Granted, March 13, 2019
BB&T Corporation, Winston-Salem, North Carolina -- request for an extension to comply with the requirement under the capital plan rule to update and resubmit its capital plan.
- Granted, March 11, 2019
Secretary
Stress Testing -- extension until March 21, 2019, of the comment period on the proposed rule to modify company-run stress testing requirements to conform with the Economic Growth, Regulatory Relief, and Consumer Protection Act.
- Approved, February 15, 2019
Secretary
Capital Rule -- extension until March 18, 2019, of the comment period on the proposed interagency rule to update the standards for how firms measure counterparty credit risk posed by derivative contracts.
- Approved, February 14, 2019
Secretary
Morgan Stanley, New York, New York -- extension of time to dispose of certain real estate and loan assets.
- Granted, February 12, 2019
Secretary
The Goldman Sachs Group, Inc., New York, New York -- extension of time to submit certain data for the FR Y-14Q information collection.
- Granted, January 18, 2019
Secretary
CenterState Bank Corporation, Winter Haven, Florida -- commenter's request to extend the comment period on the application to merge with National Commerce Corporation, Birmingham, Alabama, and thereby indirectly acquire National Bank of Commerce.
- Denied, January 15, 2019
Secretary
Charles Schwab Corporation, San Francisco, California -- extension of time to submit an implementation plan under Regulation Q and to begin to comply with the advanced approaches capital adequacy framework and the related reporting requirements.
- Granted, January 4, 2019
Secretary
DB USA Corporation, New York, New York -- extension of time to submit quarterly data (FR Y-14Q) associated with the Global Market Shock component of the supervisory stress test.
- Granted, January 4, 2019
Banks, Foreign
Banco Santander, S.A., Madrid, Spain -- (1) to indirectly acquire shares of its majority-owned subsidiary, Santander Consumer USA Holdings Inc. (SC), Dallas, Texas; and (2) on a retroactive basis, to indirectly acquire shares of SC between August 2018 and January 2019.
- Approved, May 23, 2019
Forms
Forms -- initial Board review to extend with revision the Payments Systems Surveys (FR 3054).
- Proposed, June 14, 2019
Forms -- final Board review to extend with revision the following forms for a Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer: (1) Uniform Application (Form MSD-4) and (2) Uniform Termination Notice (Form MSD-5).
- Approved, June 11, 2019
Forms -- initial Board review to extend with revision the Notice of Proposed Declaration of Dividend (FR 1583).
- Proposed, June 11, 2019
Forms -- initial Board review to extend without revision the Notice of Proposed Stock Redemption (FR 4008).
- Proposed, June 10, 2019
Forms -- final Board review to extend without revision the Disclosure Requirements of Regulation Y Associated with Minimum Requirements for Appraisal Management Companies (FR HY-5).
- Approved, June 10, 2019
Forms -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation V (Fair Credit Reporting) (FR V). 
- Approved, June 10, 2019
Forms -- initial Board review to extend with revision the Federal Reserve Membership Applications (FR 2083A and FR 2083B) and Federal Reserve Bank Stock Applications (FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, and FR 2087) and to extend without revision two Federal Reserve Membership Applications (FR 2083 and FR 2083C).
- Proposed, May 30, 2019
Forms -- final Board review to extend without revision the Application Form for Membership on the Community Advisory Council (FR 1401).
- Approved, May 15, 2019
Forms -- initial Board review to extend without revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation NN (FR NN). 
- Proposed, May 7, 2019
Forms -- final Board review to extend without revision the Recordkeeping Requirements of Regulation H and Regulation K Associated with the Procedures for Monitoring Bank Secrecy Act Compliance (FR K).
- Approved, May 7, 2019
Forms -- final Board review to extend with revision the Application to Become a Savings and Loan Holding Company or to Acquire a Savings Association or Savings and Loan Holding Company (FR LL 10(e)).
- Approved, May 7, 2019
Forms -- final Board review to extend with revision the Suspicious Activity Report (FR 2230).
- Approved, May 7, 2019
Forms -- initial Board review to extend without revision the Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities (FR 4022). 
- Proposed, May 7, 2019
Forms -- final Board review to extend with revision the Central Bank Survey of Foreign Exchange and Derivatives Market Activity (FR 3036).
- Approved, April 23, 2019
Forms -- initial Board review to extend with revision the Notice Claiming Status as an Exempt Transfer Agent (FR 4013).
- Proposed, April 23, 2019
Forms -- final Board review to implement the Report of Institution-to-Aggregate Granular Data on Assets and Liabilities on an Immediate Counterparty Basis (FR 2510).
- Approved, April 15, 2019
Forms -- initial Board review to extend without revision the Written Security Program for State Member Banks (FR 4004).
- Proposed, April 15, 2019
Forms -- final Board review to extend without revision the Registration of a Securities Holding Company (FR 2082).
- Approved, April 15, 2019
Forms -- initial Board review to extend with revision the Reporting Requirements Associated with Regulation Y (Extension of Time to Conform to the Volcker Rule) (FR Y-1).
- Proposed, April 15, 2019
Forms -- initial Board review to extend without revision the Semiannual Report of Derivatives Activity (FR 2436).
- Proposed, April 10, 2019
Forms -- initial Board review to extend without revision the Senior Credit Officer Opinion Survey on Dealer Financing Terms (FR 2034).
- Proposed, April 9, 2019
Forms -- initial Board review to extend with revision the Recordkeeping and Disclosure Requirements Associated with the Bureau of Consumer Financial Protection's Regulation E (Electronic Fund Transfers) (FR E).
- Proposed, April 5, 2019
Forms -- initial Board review to extend without revision the Investment in Bank Premises Notification (FR 4014).
- Proposed, April 5, 2019
Forms -- initial Board review to extend with revision the Market Risk Capital Rule (FR 4201).
- Proposed, April 2, 2019
Forms -- initial Board review to extend with revision the Reporting Requirements Associated with Supervision and Regulation Assessments of Fees (Regulation TT) (FR TT).
- Proposed, April 2, 2019
Forms -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation II (Debit Card Interchange Fees and Routing) (FR II).
- Proposed, April 2, 2019
Forms -- initial Board review to extend with revision the Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted (FR 4006).
- Proposed, March 22, 2019
Forms -- final Board review to extend with revision the Complex Institution Liquidity Monitoring Report (FR 2052a).
- Approved, March 21, 2019
Forms -- initial Board review to (1) extend with revision the Federal Reserve Payments Study, consisting of the Depository and Financial Institutions Payments Survey (FR 3066a) and Networks, Processors, and Issuers Payments Surveys (FR 3066b); and (2) discontinue the Check Sample Survey (FR 3066c) and Retail Payments Survey Supplement (FR 3066d).
- Proposed, March 21, 2019
Forms -- final Board review to extend with revision the FR Y-8, FR 2248, FR 2320, FR 2644, FR 2886b, and the following families of reports: (1) FR Y-9 (FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9ES, and FR Y-9CS), (2) FR Y-7 (FR Y-7, FR Y-7N, and FR Y-7Q), (3) FR Y-11 (FR Y-11 and FR Y-11S), and FR 2314 (FR 2314 and FR 2314S).
- Approved, March 14, 2019
Forms -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation V (Fair Credit Reporting) (FR V).
- Proposed, March 7, 2019
Forms -- final Board review to implement the New Hire Information Collection (FR 27).
- Approved, March 4, 2019
Forms -- initial Board review to extend without revision the Disclosure Requirements of Regulation Y Associated with Minimum Requirements for Appraisal Management Companies (FR HY-5).
- Proposed, February 26, 2019
Forms -- initial Board review to discontinue the Survey to Obtain Information on the Relevant Market in Individual Merger Cases (FR 2060).
- Proposed, February 22, 2019
Forms -- final Board review to extend without revision the Domestic Branch Application (FR 4001).
- Approved, February 21, 2019
Forms -- final Board review to extend with revision the Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies (FR Y-12) and Annual Report of Merchant Banking Investments Held for an Extended Period (FR Y-12A).
- Approved, February 21, 2019
Forms -- initial Board review to extend with revision the Uniform Application for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (Form MSD-4) and Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (Form MSD-5).
- Proposed, February 21, 2019
Forms -- final Board review to extend without revision the Recordkeeping Provisions Associated with the Guidance on Sound Incentive Compensation Policies (FR 4027).
- Approved, February 19, 2019
Forms -- final Board review to extend without revision the Notice Requirements Associated with Regulation W (FR W).
- Approved, February 5, 2019
Forms -- initial Board review to extend with revision the Central Bank Survey of Foreign Exchange and Derivatives Market Activity (FR 3036).
- Proposed, February 4, 2019
Forms -- final Board review to extend without revision the Basel II Interagency Pillar 2 Supervisory Guidance (Pillar 2 Guidance) (FR 4199).
- Approved, January 28, 2019
Forms -- initial Board review to extend without revision the Recordkeeping Requirements of Regulation H and Regulation K Associated with the Procedures for Monitoring Bank Secrecy Act Compliance (FR K).
- Proposed, January 28, 2019
Forms -- initial Board review to extend with revision the Suspicious Activity Report (FR 2230). 
- Proposed, January 28, 2019
Forms -- final Board review to extend without revision the Disclosure Requirements of Subpart H of Regulation H (Consumer Protections in Sales of Insurance) (Reg H-7).
- Approved, January 28, 2019
Forms -- initial Board review to extend without revision the Application Form for Membership on the Community Advisory Council (FR 1401).
- Proposed, January 17, 2019
Forms -- final Board review to extend without revision the Supervisory and Regulatory Survey (FR 3052).
- Approved, January 10, 2019
Forms -- initial Board review to extend without revision the Registration of a Securities Holding Company (FR 2082).
- Proposed, January 10, 2019
Forms -- final Board review to extend without revision the Policy Impact Survey (FR 3075).
- Approved, January 10, 2019
Forms -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Loans Secured by Real Estate Located in Flood Hazard Areas (Reg H-2).
- Proposed, January 4, 2019
International Operations
Citibank, N.A., Sioux Falls, South Dakota -- waiver of remainder of the prior-notification period to make an investment in a special-purpose vehicle in London, United Kingdom.
- Granted, March 19, 2019
The Goldman Sachs Group, Inc., New York, New York -- waiver of remainder of prior-notification period to make an investment in Goldman Sachs Europe SE, Frankfurt am Main, Germany.
- Granted, February 5, 2019
Banks, Nonmember, And Miscellaneous Institutions
Northeast Carpenters' Pension Fund, Edison, New Jersey; New England Carpenters' Guaranteed Annuity Fund, Wilmington, Massachusetts; and New England Carpenters' Pension Fund -- relief from certain commitments.
- Granted, April 9, 2019
Sageview Capital Partners LP, Greenwich, Connecticut -- relief from certain commitments.
- Granted, February 26, 2019
Aquiline Capital Partners LLC, New York, New York -- modification of a commitment.
- Granted, February 26, 2019
Aquiline Capital Partners LLC, New York, New York -- relief from certain commitments.
- Granted, February 12, 2019
Wellwish Investments, LLC, Garden Grove, California -- relief from certain commitments.
- Granted, January 10, 2019
Reserve Bank Operations
Reserve Bank Directors -- designation of chairs and deputy chairs of the Federal Reserve Banks for 2019.
- Announced, January 9, 2019
Reserve Bank Services
Enhanced Same-Day Automated Clearing House (ACH) Service -- publication for comment of (1) potential modifications to the operating hours of the Federal Reserve Banks' National Settlement Service and Fedwire Funds Service to support enhancements to the same-day ACH service; and (2) corresponding changes to the Federal Reserve Policy on Payment System Risk.
- Approved, May 7, 2019
Regulations And Policies
Reduced Reporting for Covered Depository Institutions -- interagency final rule to expand the number of institutions eligible for reduced reporting and to reduce the reporting frequency of certain data items collected on Call Reports. 
- Approved, June 11, 2019
Rules Regarding Availability of Information -- publication for comment of proposed amendments to clarify and update the Board's rules implementing the Freedom of Information Act and its rules governing the disclosure of confidential supervisory and other nonpublic information.
- Approved, May 24, 2019
Minority Depository Institutions -- annual report to Congress on preserving minority depository institutions, in accordance with the Dodd-Frank Act.
- Published, May 24, 2019
Liquidity Coverage Ratio (LCR) -- interagency final rule to modify the LCR rule to treat certain municipal obligations as high-quality liquid assets, in accordance with the Economic Growth, Regulatory Relief, and Consumer Protection Act.
- Approved, May 23, 2019
Rules Regarding Equal Opportunity -- final amendments to adopt changes recently made by the Equal Employment Opportunity Commission to its parallel regulation and to make other clarifying changes.
- Approved, May 23, 2019
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, pursuant to the Dodd-Frank Act.
- Approved, May 7, 2019
Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) -- final rule to repeal the regulations incorporating the S.A.F.E. Act, which have been superseded by a final rule issued by the Bureau of Consumer Financial Protection.
- Approved, May 7, 2019
Regulation EE (Netting Eligibility for Financial Institutions) -- publication for comment of a notice of proposed rulemaking amending the regulation to include certain new entities in the definition of "financial institution" in the Federal Deposit Insurance Corporation Improvement Act so that they would be covered by the act's netting provisions. 
- Approved, April 23, 2019
Determination of Control Over Banking Organizations -- publication for comment of a notice of proposed rulemaking to simplify and increase the transparency of rules for determining control of a banking organization.
- Approved, April 23, 2019
Capital Rule -- publication for comment of an interagency proposed rule to modify a capital requirement for banking organizations predominantly engaged in custodial activities, in accordance with the Economic Growth, Regulatory Relief, and Consumer Protection Act.
- Approved, April 11, 2019
Collection of Debts -- final rule to provide for collection of outstanding debts owed to the Board, primarily by referral to the U.S. Department of the Treasury. 
- Approved, April 8, 2019
Prudential Standards and Resolution Plans -- publication for comment of notices of proposed rulemaking on enhanced prudential standards for foreign banks and resolution-plan requirements for foreign and domestic banks.
- Approved, April 8, 2019
Office of Minority and Women Inclusion -- 2018 annual report to Congress, in accordance with the Dodd-Frank Act.
- Published, March 29, 2019
Federal Reserve Policy on Payment System Risk -- amendments to part II of the Federal Reserve Policy on Payment System Risk concerning intraday credit provided by the Federal Reserve Banks to U.S. branches and agencies of foreign banking organizations.
- Approved, March 21, 2019
Regulation Q (Capital Adequacy of Bank Holding Companies, Savings and Loan Holding Companies, and State Member Banks) -- publication for comment of an interagency notice of proposed rulemaking to (1) require advanced approaches banking organizations to deduct from their regulatory capital certain investments in long-term debt issued by global systemically important banking organizations in order to reduce both interconnectedness within the financial system and systemic risk, and (2) modify related reporting requirements.
- Approved, March 21, 2019
Report on Debit Card Data -- biennial report on the 2017 debit card market.
- Approved, March 14, 2019
Regulation KK (Swaps Margin and Swaps Push-Out) -- publication for comment of a joint interim final rule to ensure that any legacy swap currently exempt from the swap margin requirements would not become subject to them if amended solely for the purpose of being transferred from an entity in the United Kingdom (UK) as a result of a non-negotiated UK withdrawal from the European Union.
- Approved, March 11, 2019
Countercyclical Capital Buffer (CCyB) -- to affirm at 0 percent the current CCyB for U.S.-based private-sector credit exposures.
- Approved, March 5, 2019
Capital Plan Rule -- final rule to eliminate the Board's authority to object to the capital plans of most firms on the basis of qualitative deficiencies in a firm's capital planning process (qualitative objection).
- Approved, March 5, 2019
Regulation D (Reserve Requirements of Depository Institutions) -- publication for comment of an advance notice of proposed rulemaking to lower the rate of interest paid on excess balances (IOER) maintained at Federal Reserve Banks by eligible institutions that hold a very large proportion of their assets in the form of balances at Reserve Banks.
- Approved, March 5, 2019
Secretary
Regulations K (International Banking Operations) and LL (Savings and Loan Holding Companies) -- technical corrections to the November 2018 final rule adopting a new supervisory rating system for large financial institutions.
- Approved, February 12, 2019
Regulation H -- interagency final rule to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act.
- Approved, February 7, 2019
Stress Testing -- (1) Final notice of enhanced disclosure of the models used in the supervisory stress tests conducted under Regulation YY, (2) final Stress Testing Policy Statement (Regulation YY, Appendix B) for supervisory stress testing, and (3) final rule amending the Policy Statement on the Scenario Design Framework for Stress Testing (Regulation YY, Appendix A).
- Approved, February 4, 2019
Stress Test Rules -- publication for comment of a notice of proposed rulemaking that would amend the Board's company-run and supervisory stress test rules, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.
- Approved, January 6, 2019
Banks, State Member
Secretary
Regions Bank, Birmingham, Alabama -- commenter's request for reconsideration of the Board's approval of the application by Regions Bank to establish seven branches in Georgia, Illinois, Missouri, Tennessee, and Texas.
- Denied, March 8, 2019
Testimony And Statements
Supervision and Regulation -- semiannual statement by Vice Chair for Supervision Quarles before the Senate Committee on Banking, Housing, and Urban Affairs on May 15 and the House Committee on Financial Services on May 16, 2019, on the Federal Reserve's regulation and supervision of the financial system.
- Published, May 15, 2019
Monetary Policy -- statement by Chairman Powell before the Senate Committee on Banking, Housing, and Urban Affairs on February 26 and the House Committee on Financial Services on February 27, 2019, on the semiannual monetary policy report to the Congress.
- Published, February 26, 2019
Personnel
Division of Supervision and Regulation -- appointment of Mona Elliot as deputy associate director and Christine Graham as assistant director.
- Announced, May 31, 2019
Management Division -- appointment of Winona H. Varnon as director and Michell Clark as senior adviser.
- Approved, May 30, 2019
Division of Monetary Affairs -- appointment of David Bowman as senior associate director and Jane Ihrig as senior adviser.
- Announced, May 24, 2019
Office of Inspector General -- appointment of Michael VanHuysen as assistant inspector general.
- Approved, May 20, 2019
Division of International Finance -- appointment of Joseph W. Gruber as deputy director and Matteo Iacoviello and Andrea Raffo as deputy associate directors.
- Announced, May 9, 2019
Division of International Finance -- appointment of Brett Berger as adviser.
- Approved, April 2, 2019
Office of the Chief Operating Officer -- appointment of Patrick McClanahan as chief operating officer.
- Approved, March 29, 2019
Division of Reserve Bank Operations and Payment Systems -- appointment of Jennifer Liu, Jennifer Lucier, and David Mills as associate directors; Tim Maas as deputy associate director; Casey Clark, Jason Hinkle, and Nicholas Trotta as assistant directors and managers; and Mark Manuszak as assistant director and chief.
- Announced, March 25, 2019
Division of Monetary Affairs -- appointment of Christopher J. Gust as deputy associate director and Don H. Kim as senior adviser.
- Announced, March 22, 2019
Management Division -- appointment of Tara Pelitere as senior associate director and chief technology officer and Tim Markey as deputy associate director and chief of staff.
- Announced, March 13, 2019
Division of Supervision and Regulation -- appointment of Lisa Ryu as senior associate director.
- Announced, March 11, 2019
Division of Supervision and Regulation -- reorganization of reporting lines of existing personnel.
- Announced, March 7, 2019
Office of the Chief Operating Officer -- appointment of Michell C. Clark as acting chief operating officer.
- Approved, February 21, 2019
Division of Research and Statistics -- appointment of Stacey M. Tevlin as director.
- Announced, January 25, 2019
Division of Information Technology -- appointment of Glenn Eskow, Rajasekhar Yelisetty, and Sheryl Warren as senior associate directors; Deborah Prespare and Eric Turner as deputy associate directors; and Charles Young as associate director.
- Announced, January 9, 2019
Monetary and Financial Policy
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 $250 million on May 30, 2019.
- Announced, May 23, 2019
Financial Stability Report -- publication of the semiannual report presenting the Board's assessment of financial stability conditions.
- Published, May 6, 2019
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.
- Granted, April 8, 2019
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, March 28, 2019
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, March 26, 2019
E*TRADE Financial Corporation, New York, New York -- relief from a condition imposed by the Office of Thrift Supervision.
- Granted, March 5, 2019
WSFS Financial Corporation, Wilmington, Delaware -- to acquire Beneficial Bancorp, Inc., Philadelphia, and thereby indirectly acquire Beneficial Bank.
- Approved, February 27, 2019
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, February 1, 2019
Auto Club Trust, FSB, Dearborn, Michigan -- request for an exception from the anti-tying restrictions of the Home Owners' Loan Act.
- Granted, January 7, 2019
Supervision and Regulation
Supervision and Regulation Report -- publication of the semiannual report summarizing banking conditions and the Board's current and ongoing supervisory and regulatory activities.
- Published, May 10, 2019
Stress Testing -- release of additional information on the Board's stress testing program, including changes intended to increase the transparency of its stress tests without compromising its ability to test the resiliency of the nation's largest banks.
- Announced, March 28, 2019
Flood-Related Supervisory Practices -- interagency statement on supervisory practices regarding financial institutions and their customers affected by flooding in the Midwest.
- Announced, March 25, 2019
Resolution Plans -- issuance of joint letters with the Federal Deposit Insurance Corporation to 14 domestic large banking organizations (1) to issue expectations for their next resolution-plan submissions, (2) to inform Northern Trust Corporation that the shortcomings in its 2015 resolution plan have been satisfactorily addressed, and (3) to move the date for the next resolution-plan submission by Discover Financial Services to December 31, 2019.
- Approved, March 21, 2019
2019 Stress Testing and Capital-Plan Submissions -- relief from certain stress testing and capital-plan submission requirements for certain U.S. bank holding companies with assets of between $100 billion and $250 billion and certain U.S. intermediate holding companies with assets of less than $250 billion.
- Approved, February 5, 2019
Stress Tests -- issuance of scenarios for the 2019 Comprehensive Capital Analysis and Review and Dodd-Frank Act stress tests.
- Approved, February 5, 2019

Last Update: June 20, 2019