Public Information Documents

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

Advisory Councils
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 council.
- Approved, March 29, 2022
Community Advisory Council -- six new members of the council.
- Announced, March 4, 2022
Community Depository Institutions Advisory Council -- members and designation of David R. Melville III as president and Jean M. Vidoni as vice president for 2022.
- Announced, January 28, 2022
Bank Branches, Domestic
Secretary
First Financial Bank, Cincinnati, Ohio -- to establish a branch at 9660 South Mason Montgomery Road, Mason, Ohio.
- Approved, June 10, 2022
Secretary
First Western Bank and Trust, Minot, North Dakota -- to establish a branch at 1414 12th Avenue North, Fargo, North Dakota.
- Approved, June 8, 2022
Secretary
First Citizens Community Bank, Mansfield, Pennsylvania -- to establish a branch at 3840 Kennett Pike, Greenville, Delaware.
- Approved, June 6, 2022
United Texas Bank, Dallas, Texas -- to establish a branch at 10803 Preston Road, Dallas, Texas.
- Approved, June 6, 2022
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch at 957 Main Street, East Hartford, Connecticut.
- Approved, May 26, 2022
Secretary
Synovus Bank, Columbus, Georgia -- to establish a branch at 906 East Cumberland Avenue, Tampa, Florida.
- Approved, May 9, 2022
Secretary
The Northern Trust Company, Chicago, Illinois -- to establish a branch at 31 Ocean Reef Drive, Key Largo, Florida.
- Approved, April 20, 2022
Secretary
Synovus Bank, Columbus, Georgia -- to establish a branch at 1859 West State Road 434, Longwood, Florida.
- Approved, April 13, 2022
Secretary
Southern Bancorp Bank, Arkadelphia, Arkansas -- to establish a branch at 3917 West 12th Street, Little Rock, Arkansas.
- Approved, April 8, 2022
Secretary
Synovus Bank, Columbus, Georgia -- to establish a branch at 484 Mulberry Street, Macon, Georgia.
- Approved, March 29, 2022
Secretary
The Northern Trust Company, Chicago, Illinois -- to establish a branch at 1 Independent Drive, Jacksonville, Florida.
- Approved, March 22, 2022
Secretary
Synovus Bank, Columbus, Georgia -- to establish a branch at 4499 Weston Road, Weston, Florida.
- Approved, March 9, 2022
Secretary
Synovus Bank, Columbus, Georgia -- to establish a branch at 201 East Las Olas Boulevard, Fort Lauderdale, Florida.
- Approved, February 18, 2022
Susser Bank, Dallas, Texas -- to establish a branch at 3030 Matlock Road, Arlington, Texas.
- Approved, February 11, 2022
Origin Bank, Choudrant, Louisiana -- to establish a branch at 13601 Midway Road, Farmers Branch, Texas.
- Approved, February 11, 2022
Secretary
First Citizens Community Bank, Mansfield, Pennsylvania -- to establish a branch at 3630 Rothsville Road, Ephrata, Pennsylvania.
- Approved, January 27, 2022
Board Operations
Chair Pro Tempore -- election of Jerome H. Powell as Chair Pro Tempore of the Board, effective February 5, 2022, pending Senate confirmation to a second term as Chair of the Board of Governors.
- Approved, February 4, 2022
Bank Holding Companies
Alerus Financial Corporation, Grand Forks, North Dakota -- to merge with MPB BHC, Inc., and thereby indirectly acquire Metro Phoenix Bank, both of Phoenix, Arizona.
- Approved, May 24, 2022
MidWestOne Financial Group, Inc., Iowa City, Iowa -- to merge with Iowa First Bancshares Corp., and thereby indirectly acquire First National Bank of Muscatine, both of Muscatine, Iowa, and First National Bank in Fairfield, Fairfield, Iowa.
- Approved, May 23, 2022
Bank of Montreal, Montreal, Canada -- interagency notice of public meeting to be held virtually on July 14, 2022, on the proposal to acquire BancWest Holding Inc., and Bank of the West, both of San Francisco, California; and extension of the public comment period through July 19, 2022.
- Approved, May 16, 2022
The Toronto-Dominion Bank, Toronto, Ontario, Canada -- interagency notice of public meeting to be held virtually on August 18, 2022, on the proposal to acquire First Horizon Corporation, Memphis, Tennessee; and extension of the public comment period through August 23, 2022.
- Approved, May 16, 2022
Texas State Bankshares, Inc., and Texas Regional Bank (TRB), both of Harlingen, Texas -- (1) Texas State Bankshares, Inc. to merge with Access Bancorp, Inc., and thereby indirectly acquire AccessBank Texas, both of Denton, Texas; (2) TRB to merge with AccessBank Texas; and (3) TRB to establish branches at the locations of AccessBank's current branches.
- Approved, May 13, 2022
First Internet Bancorp, Fishers, Indiana -- to acquire First Century Bancorp., Roswell, Georgia, and thereby indirectly acquire First Century Bank, National Association, Commerce, Georgia.
- Approved, April 29, 2022
Secretary
Southern Bancorp, Inc. (SBI), Arkadelphia, Arkansas, -- to acquire FCB Financial Services, Inc., Marion, Arkansas, and for SBI's subsidiary, Southern Bancorp Bank, Arkadelphia, Arkansas, to merge with Premier Bank of Arkansas (Premier), Jonesboro, Arkansas, and thereby establish branches at the main office and branches of Premier.
- Approved, April 13, 2022
Citizens Financial Group, Inc., Providence Rhode Island -- commenter's request for reconsideration of the Board's approval of the application by Citizens Financial Group, Inc., to acquire Investors Bancorp, Inc., and thereby indirectly acquire Investors Bank, both of Short Hills, New Jersey.
- Denied, April 4, 2022
Banco Santander, S.A., Madrid, Spain, and Santander Holdings USA, Inc., Boston, Massachusetts -- (1) request to acquire Pierpont Capital Holdings LLC, New York, New York; (2) request to continue Amherst Pierpont Securities LLC's status as a primary dealer under the Primary Dealers Act of 1988; and (3) determination to not recalculate Santander Holdings USA, Inc.'s stress capital buffer requirement.
- Approved, March 31, 2022
Citizens Financial Group, Inc., Providence, Rhode Island -- to acquire Investors Bancorp, Inc., and thereby indirectly acquire Investors Bank, both of Short Hills, New Jersey.
- Approved, March 21, 2022
TBB Investments LLC and TBB Intermediate LLC, both of New York, New York -- commenter's request for review of the delegated approval of the application by TBB Investments LLC and TBB Intermediate LLC to become bank holding companies by acquiring voting shares of Berkshire Bancorp, Inc., and thereby indirectly acquiring The Berkshire Bank, both of New York, New York, and for TBB Intermediate LLC to merge with and into Berkshire Bancorp.
- Denied, March 9, 2022
A.N.B. Holding Company, Ltd., Terrell, Texas -- to increase its ownership interest of The ANB Corporation, which controls The American National Bank of Texas, both of Terrell, Texas.
- Approved, March 1, 2022
M&T Bank Corporation, Buffalo, New York -- (1) to acquire People's United Financial, Inc., and thereby indirectly acquire People's United Bank, National Association, both of Bridgeport, Connecticut, and (2) for Manufacturers and Traders Trust Company, Buffalo, New York, to merge with People's United Bank, National Association, and establish branches.
- Approved, March 1, 2022
TriCo Bancshares, Chico, California -- to acquire Valley Republic Bancorp and thereby indirectly acquire Valley Republic Bank, both of Bakersfield, California.
- Approved, March 1, 2022
Home BancShares, Inc., Conway, Arkansas -- to merge with Happy Bancshares, Inc., and thereby acquire Happy State Bank, both of Happy, Texas, and for Centennial Bank, Conway, Arkansas, to merge with Happy State Bank and to establish and operate branches at the locations of the main office and branches of Happy State Bank.
- Approved, February 22, 2022
Stock Yards Bancorp, Inc., Louisville, Kentucky -- to acquire Commonwealth Bancshares, Inc., and thereby indirectly acquire Commonwealth Bank and Trust Company, both of Louisville, Kentucky.
- Approved, February 16, 2022
South State Corporation, Winter Haven, Florida -- to acquire Atlantic Capital Bancshares, Inc., and thereby indirectly acquire Atlantic Capital Bank, both of Atlanta, Georgia.
- Approved, February 11, 2022
U.S. Bancorp, Minneapolis, Minnesota -- (1) interagency notice of virtual public meeting on March 8, 2022, on the proposal to acquire MUFG Union Bank, National Association, San Francisco, California, pursuant to the Bank Holding Company Act, and to merge MUFG Union Bank with and into U.S. Bank National Association, Cincinnati, Ohio, pursuant to the Bank Merger Act, and (2) extension of the public comment period through March 11, 2022.
- Approved, February 4, 2022
Banco Santander, S.A., Madrid, Spain, and Santander Holdings USA, Inc., Boston, Massachusetts -- to acquire additional shares of Santander Consumer USA Holdings, Inc., Dallas, Texas.
- Approved, January 26, 2022
Old National Bancorp, Evansville, Indiana -- to acquire First Midwest Bancorp, Inc., and thereby indirectly acquire First Midwest Bank, both of Chicago, Illinois.
- Approved, January 26, 2022
Change In Bank Control
Secretary
First Financial Bancorp, Cincinnati, Ohio -- the Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire additional voting shares of First Financial Bancorp, and thereby indirectly acquire voting shares of First Financial Bank, Cincinnati, Ohio.
- Permitted, June 7, 2022
Peoples Financial Corporation, Biloxi, Mississippi -- Stilwell Activist Investments, L.P, Stilwell Activist Fund, L.P., and Stilwell Value Partners VII, L.P., collectively "The Stilwell Group," with Stilwell Value LLC, the general partner of each of the limited partnerships, all of New York, New York; and Joseph D. Stilwell, San Juan, Puerto Rico, each individually and as a group acting in concert, to acquire voting shares of Peoples Financial Corporation, and thereby indirectly acquire voting shares of The Peoples Bank, Biloxi, Mississippi.
- Permitted, April 28, 2022
Enforcement
Arvest Bank, Fayetteville, Arkansas -- consent order of prohibition against Nicole Moore, a former institution-affiliated party.
- Announced, June 16, 2022
Deutsche Bank AG New York Branch, New York, New York -- consent cease-and-desist order against Orlando Romero, a former institution-affiliated party.
- Announced, May 12, 2022
Synovus Bank, Columbus, Georgia -- consent order of prohibition against Angela Garcia, a former institution-affiliated party.
- Announced, May 5, 2022
Centennial Bank, Conway, Arkansas -- consent order of prohibition against Jennifer Woods, a former institution-affiliated party.
- Announced, April 12, 2022
Regions Bank, Birmingham, Alabama, and Merill Lynch Wealth Management (Merrill Lynch), Charlotte, North Carolina -- consent orders of prohibition against (1) Dedryck O. Carson, Wendy Rodriguez Legon, Micheal T. Lemley, and Tracy L. Mallory, former institution-affiliated parties of Regions Bank, and (2) Autumn Jordan and Manuel F. Pinazo, former institution-affiliated parties of Merrill Lynch (a subsidiary of Bank of America), all for fraudulently obtaining loans and grants administered under the Coronavirus Aid, Relief, and Economic Security Act.
- Announced, April 5, 2022
Citizens State Bank, Tyler, Texas -- consent order of prohibition against Chad Dingler, a former institution-affiliated party.
- Announced, April 1, 2022
The Goldman Sachs Group Inc., New York, New York -- consent order of prohibition against Joseph Jiampietro, a former institution-affiliated party.
- Approved, March 31, 2022
Rabo AgriFinance LLC, Chesterfield, Missouri -- consent order of prohibition against Erica Rachal, a former institution-affiliated party.
- Announced, March 22, 2022
Customers Bank, Phoenixville, Pennsylvania -- cease-and-desist order dated December 2, 2016, terminated March 15, 2022.
- Announced, March 17, 2022
Texico Bancshares Corporation and Texico State Bank, both of Texico, Illinois -- cease-and-desist order dated July 15, 2021, terminated March 16, 2022.
- Announced, March 17, 2022
Community FSB Holding Company, Woodhaven, New York -- cease-and-desist order issued by the Office of Thrift Supervision dated February 17, 2011, terminated March 8, 2022.
- Announced, March 10, 2022
National Bank of Pakistan (NBP), Karachi, Pakistan, and NBP New York Branch, New York, New York -- consent cease-and-desist order and assessment of a civil money penalty for deficiencies in Bank Secrecy Act/anti-money-laundering compliance.
- Approved, February 18, 2022
Mesquite Financial Services, Inc., Alice, Texas -- written agreement dated July 6, 2017, terminated February 8, 2022.
- Announced, February 15, 2022
First Midwest Bank, Chicago, Illinois -- consent order of assessment of a civil money penalty pursuant to the National Flood Insurance Act.
- Announced, February 10, 2022
Cecil Bank, Elkton, Maryland -- consent order of prohibition against Denise Calder, a former institution-affiliated party.
- Announced, January 27, 2022
Manufacturers and Traders Trust Company, Buffalo, New York -- consent order of prohibition against Tylifa A. Milton, a former institution-affiliated party.
- Announced, January 20, 2022
Allegiant United Holdings, LLC; Nano Financial Holdings, Inc.; and Nano Banc, all of Irvine, California -- issuance of a consent cease-and-desist order.
- Announced, January 18, 2022
Iowa Prairie Bank, Brunsville, Iowa -- written agreement dated April 20, 2021, terminated January 4, 2022.
- Announced, January 18, 2022
Mariner's Bancorp, Edgewater, New Jersey -- written agreement dated May 25, 2012, terminated January 6, 2022.
- Announced, January 18, 2022
Extensions Of Time
The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania -- extension of time to conform or divest a merchant banking investment.
- Granted, June 17, 2022
Wells Fargo & Company, San Francisco, California -- extension of time to conform or divest a merchant banking investment.
- Granted, June 1, 2022
Secretary
National Agricultural Cooperative Federation, Seoul, South Korea -- extension of time to comply with the capital stress testing and risk committee requirements of Regulation YY and related reporting requirements on the FR Y-7 report.
- Granted, May 4, 2022
Secretary
Framework for the Supervision of Insurance Organizations -- extension of comment period until May 5, 2022, on proposed guidance to implement a supervisory framework for depository institution holding companies significantly engaged in insurance activities.
- Approved, March 21, 2022
Morgan Stanley, New York, New York -- extension of time to conform or divest a merchant banking investment.
- Granted, February 15, 2022
Credit Suisse AG, Zurich, Switzerland -- extension of time to conform or divest a merchant banking investment.
- Granted, January 10, 2022
Secretary
Amalgamated Financial Corporation, New York, New York, and Workers United, Philadelphia, Pennsylvania -- commenter's request to extend the comment period on the application to acquire by merger Amalgamated Investment Company and thereby indirectly acquire Amalgamated Bank of Chicago, both of Chicago, Illinois.
- Denied, January 7, 2022
Wells Fargo & Company, San Francisco, California -- extension of time to conform or divest a merchant banking investment.
- Granted, January 6, 2022
Banks, Foreign
Nordea Bank Abp, Helsinki, Finland -- relief from certain commitments.
- Granted, May 3, 2022
BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft, Vienna, Austria -- to establish a representative office in Venice, California.
- Approved, January 13, 2022
Forms
Forms -- final Board review to extend without revision the Notice of Proposed Stock Redemption (FR 4008).
- Approved, June 17, 2022
Forms -- initial Board review to extend with revision the Interchange Transaction Fees Survey (FR 3064).
- Approved, June 17, 2022
Forms -- initial Board review to extend without revision the Notice by Financial Institutions of Government Securities Broker or Government Securities Dealer Activities (Form G-FIN) and Notice by Financial Institutions of Termination of Activities as a Government Securities Broker or Government Securities Dealer (Form G-FINW).
- Approved, June 17, 2022
Forms -- initial Board review to extend without revision the Systemic Risk Report (FR Y-15).
- Approved, June 17, 2022
Forms -- initial Board review to extend without revision the Intermittent Survey of Businesses (FR 1374).
- Approved, June 15, 2022
Forms -- initial Board review to extend with revision the Transfer Agent Registration and Amendment Form (Form TA-1) and Transfer Agent Deregistration Form (Form TA-W).
- Approved, June 15, 2022
Forms -- initial Board review to extend without revision the Reporting and Disclosure Requirements Related to Securities of State Member Banks as Required by Regulation H (FR H-1).
- Approved, June 15, 2022
Forms -- final Board review to extend without revision the Senior Credit Officer Opinion Survey on Dealer Financing Terms (FR 2034).
- Approved, June 15, 2022
Forms -- final Board review to extend without revision the Investment in Bank Premises Notification (FR 4014).
- Approved, June 15, 2022
Forms -- final Board review to extend without revision the Semiannual Report of Derivatives Activity (FR 2436).
- Approved, May 23, 2022
Forms -- initial Board review to extend with revision the Reports of Foreign Banking Organizations (FR Y-7N, FR Y-7NS, and FR Y-7Q).
- Approved, May 23, 2022
Forms -- final Board review to extend without revision the Notice Claiming Status as an Exempt Transfer Agent (FR 4013).
- Approved, May 13, 2022
Forms -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation II (FR II).
- Approved, May 13, 2022
Forms -- final Board review to extend without revision the Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities (FR 4022).
- Approved, May 13, 2022
Forms -- initial Board review to extend without revision the Disclosure and Recordkeeping Requirements Associated with Regulation CC (FR CC).
- Approved, May 13, 2022
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 13, 2022
Forms -- final Board review to extend without revision the Notice of Proposed Declaration of Dividend (FR 1583).
- Approved, May 13, 2022
Forms -- final Board review to extend without revision the Report of Institution-to-Aggregate Granular Data on Assets and Liabilities on an Immediate Counterparty Basis (FR 2510).
- Approved, May 2, 2022
Forms -- initial Board review to extend with revision the Structure Reporting and Recordkeeping Requirements for Domestic and Foreign Banking Organizations (FR Y-6/7/10/10E).
- Approved, May 2, 2022
Forms -- final Board review to extend without revision the Procurement Solicitation Package (FR 1400).
- Approved, March 31, 2022
Forms -- initial Board review to extend with revision the Federal Reserve Payments Study (FR 3066).
- Approved, March 31, 2022
Forms -- final Board review to extend without revision the Minimum Requirements for Appraisal Management Companies (FR HY-5).
- Approved, March 31, 2022
Forms -- initial Board review to extend without revision the Interagency Policy Statement on Funding and Liquidity Risk Management (FR 4198).
- Approved, March 31, 2022
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).
- Approved, March 31, 2022
Forms -- final Board review to extend without revision the Procedures for Monitoring Bank Secrecy Act Compliance (FR K).
- Approved, March 31, 2022
Forms -- initial Board review to extend without revision the Recordkeeping Provisions Associated with Guidance on Leveraged Lending (FR 4203).
- Approved, March 31, 2022
Forms -- final Board review to extend without revision the Reporting Provisions Associated with Regulation TT (FR TT).
- Approved, March 31, 2022
Forms -- final Board review to extend without revision the Uniform Application for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (MSD-4) and the Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (MSD-5).
- Approved, March 31, 2022
Forms -- final Board review to extend with revision the Central Bank Survey of Foreign Exchange and Derivatives Market Activity (FR 3036).
- Approved, March 31, 2022
Forms -- initial Board review to extend with revision the Capital Assessments and Stress Testing Reports (FR Y-14A/Q/M).
- Approved, February 18, 2022
Forms -- initial Board review to extend without revision the Notice of Proposed Stock Redemption (FR 4008).
- Approved, February 18, 2022
Forms -- final Board review to extend without revision the Written Security Program for State Member Banks (FR 4004).
- Approved, February 18, 2022
Forms -- final Board review to extend without revision the Quarterly Savings and Loan Holding Company Report (FR 2320).
- Approved, February 18, 2022
Forms -- final Board review to extend without revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation NN (FR NN).
- Approved, February 18, 2022
Forms -- initial Board review to extend without revision the Investment in Bank Premises Notification (FR 4014) and Recordkeeping and Disclosure Requirements Associated with the CFPB'S and the Board's Regulations V (FR V); final Board review to extend without revision the Application Form for Membership on the Community Advisory Council (FR 1401), Domestic Finance Company Report of Consolidated Assets and Liabilities (FR 2248), Domestic Branch Application (FR 4001), and Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates (FR Y-8).
- Approved, February 9, 2022
Forms -- initial 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)); initial Board review to extend without revision the Notice of Proposed Declaration of Dividend (FR 1583), Notice Claiming Status as an Exempt Transfer Agent (FR 4013), and Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities (FR 4022); and 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) and Disclosure Requirements of Subpart H of Regulation H (Consumer Protection in Sales of Insurance) (FR H-7).
- Approved, January 18, 2022
Forms -- final Board review to extend with revision the Report of Selected Money Market Rates (FR 2420).
- Approved, January 18, 2022
International Operations
Secretary
Silicon Valley Bank, Santa Clara, California -- prior notice to make an investment pursuant to Regulation K.
- No objection, February 2, 2022
Reserve Bank Operations
Federal Reserve Bank of Dallas -- appointment of Lorie Logan as president.
- Approved, May 2, 2022
Code of Conduct -- amendments to the Reserve Banks' Code of Conduct, the Guide to Conduct for Senior Officials, and the Employee Conduct policy to align with the revisions to the Program for Security of FOMC Information and the Investment and Trading Policy for FOMC Officials.
- Approved, March 9, 2022
Federal Reserve Bank of Boston -- appointment of Susan M. Collins as president.
- Approved, February 9, 2022
Reserve Bank Directors -- designation of chairs and deputy chairs of the Federal Reserve Banks for 2022.
- Announced, January 5, 2022
Regulations And Policies
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, June 8, 2022
Privacy Act -- publication and request for comment to modify existing systems of records: (1) BGFRS-5 (FRB-EEO Discrimination Complaint File) and (2) BGFRS-36 (FRB-Federal Reserve Application Name Check System).
- Approved, May 26, 2022
Secretary
System of Records -- publication for comment of a notice to modify an existing system of records, BGFRS-30 (FRB-Academic Assistance Program Files).
- Approved, May 18, 2022
Regulation J -- final rule that governs funds transfers over the Federal Reserve Banks' FedNow Service.
- Approved, May 16, 2022
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, May 10, 2022
Regulation BB (Community Reinvestment Act) -- interagency notice of proposed rulemaking with request for comment to strengthen and modernize regulations implementing the Community Reinvestment Act.
- Approved, May 4, 2022
Flood Insurance -- interagency notice of revised Questions and Answers Regarding Flood Insurance.
- Approved, April 20, 2022
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, April 7, 2022
Emergency Lending Facilities -- disclosures pursuant to section 11(s) of the Federal Reserve Act.
- Approved, March 29, 2022
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, March 9, 2022
Guidelines for Evaluating Requests for Accounts and Services at Federal Reserve Banks -- notice and request for comment on a supplement to the Board's May 2021 proposed guidelines.
- Approved, February 28, 2022
Rules of Practice and Procedure -- notice of proposed rulemaking and request for comment on (1) an interagency proposal to update policies and procedures governing administrative proceedings for supervised financial institutions and (2) proposed updates to additional rules applicable only to Board administrative proceedings.
- Approved, February 11, 2022
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, February 7, 2022
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, January 7, 2022
Secretary
Rules of Practice for Hearings -- final rule adjusting the Board's civil money penalties to account for inflation.
- Approved, January 7, 2022
Banks, State Member
Secretary
Silicon Valley Bank, Santa Clara, California -- to make certain public welfare investments (two requests).
- Approved, June 16, 2022
Secretary
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment.
- Approved, May 6, 2022
Secretary
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment.
- Approved, April 8, 2022
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make certain public welfare investments.
- Approved, March 31, 2022
Secretary
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment.
- Approved, March 30, 2022
Secretary
Synovus Bank, Columbus, Georgia -- to make public welfare investments equal to up to 15 percent of its capital plus surplus, subject to certain conditions.
- Approved, March 16, 2022
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
- Approved, March 7, 2022
Secretary
Mountain Valley Bank, Walden, Colorado -- to exercise trust powers.
- Approved, February 18, 2022
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
- Approved, February 10, 2022
Secretary
Silicon Valley Bank, Santa Clara, California -- to make certain public welfare investments (two requests).
- Approved, February 10, 2022
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
- Approved, January 14, 2022
Secretary
Silicon Valley Bank, Santa Clara, California -- to make certain public welfare investments (three requests).
- Approved, January 5, 2022
Personnel
Division of Supervision and Regulation -- appointment of April Snyder as assistant director.
- Approved, June 15, 2022
Division of Supervision and Regulation -- appointment of Elizabeth McDonald as assistant director.
- Approved, June 15, 2022
Legal Division -- reorganization and appointment of Jean Anderson as deputy general counsel and Sean Croston as assistant general counsel.
- Announced, May 24, 2022
Division of Consumer and Community Affairs -- appointment of Drew Kohan as associate director.
- Approved, May 24, 2022
Division of Research and Statistics -- appointment of Binoy Agarwal, Debbie Flores, Karen Krugman, and Chris Kurz as assistant directors and Byron Lutz and Raven Molloy as deputy associate directors.
- Announced, May 19, 2022
Division of Information Technology -- appointment of Herman Ip as assistant director.
- Approved, May 2, 2022
Division of Reserve Bank Operations and Payment Systems -- reorganization and appointment of Shannon Hulsandra as assistant director.
- Announced, April 28, 2022
Division of Financial Stability -- appointment of Skander Van den Heuvel as associate director and Andrew Cohen as adviser.
- Announced, April 25, 2022
Division of Reserve Bank Operations and Payment Systems -- appointment of Emily Caron as assistant director.
- Approved, February 18, 2022
Division of Management -- appointment of Reginald Roach as associate director and Cathi Jack and Tim Ly as deputy associate directors.
- Announced, February 14, 2022
Division of Reserve Bank Operations and Payment Systems -- appointment of Edward Anderson as assistant director.
- Approved, February 14, 2022
Division of Monetary Affairs -- appointment of Andrew Meldrum as assistant director.
- Announced, January 19, 2022
Legal Division -- appointment of Evan Winerman as assistant general counsel.
- Announced, January 14, 2022
Division of Financial Stability -- appointment of Mona Elliot as senior adviser.
- Announced, January 6, 2022
Monetary and Financial Policy
Monetary Policy Report -- semiannual report to Congress.
- Published, June 17, 2022
Monetary Policy Report -- semiannual report to Congress.
- Published, February 25, 2022
Savings and Loan Holding Companies
General Counsel
United Services Automobile Association, San Antonio, Texas -- request for an exemption to permit an individual to become an institution-affiliated party.
- Granted, April 11, 2022
Double Bottomline Corp., Caldwell, Ohio -- commenter's request for review of the delegated approval of the application by Double Bottomline Corp. to become a savings and loan holding company by acquiring Community Savings Bancorp, Inc., and thereby indirectly acquire Community Savings, both of Caldwell, Ohio.
- Denied, January 4, 2022
Supervision and Regulation
Financial Sector Liabilities -- annual determination of the aggregate consolidated liabilities of financial companies.
- Approved, May 31, 2022
Northern Trust Corporation, Chicago, Illinois -- request to use certain alternative approaches for specified provisions of the Standardized Approach for Counterparty Credit Risk (SA-CCR), for purposes of calculating its risk-weighted assets under the Board's capital rule.
- Granted, May 12, 2022
Truist Financial Corporation, Charlotte, North Carolina -- request regarding the treatment of certain structural positions in a foreign currency under the Board's capital rule.
- Granted, May 9, 2022
Citigroup Inc., New York, New York -- request to use certain alternative approaches for specified provisions of the Standardized Approach for Counterparty Credit Risk (SA-CCR), for purposes of calculating its risk-weighted assets under the Board's capital rule.
- Granted, May 5, 2022
The Goldman Sachs Group, Inc., New York, New York -- request to use certain alternative approaches for specified provisions of the Standardized Approach for Counterparty Credit Risk (SA-CCR), for purposes of calculating its risk-weighted assets under the Board's capital rule.
- Granted, May 2, 2022
Bank of America Corporation, Charlotte, North Carolina -- request to use certain alternative approaches for specified provisions of the Standardized Approach for Counterparty Credit Risk (SA-CCR), for purposes of calculating its risk-weighted assets under the Board's capital rule.
- Granted, April 26, 2022
JPMorgan Chase & Co., New York, New York -- request to use certain alternative approaches for specified provisions of the Standardized Approach for Counterparty Credit Risk (SA-CCR), for purposes of calculating its risk-weighted assets under the Board's capital rule.
- Granted, April 13, 2022
Morgan Stanley, New York, New York -- request to use certain alternative approaches for specified provisions of the Standardized Approach for Counterparty Credit Risk (SA-CCR), for purposes of calculating its risk-weighted assets under the Board's capital rule.
- Granted, April 13, 2022
Wells Fargo & Company, San Francisco, California -- request to use certain alternative approaches for specified provisions of the Standardized Approach for Counterparty Credit Risk (SA-CCR), for purposes of calculating its risk-weighted assets under the Board's capital rule.
- Granted, April 13, 2022
General Counsel
TD Group US Holdings LLC, Wilmington, Delaware -- application for approval of proposed internal debt "conversion trigger" that would allow the Board to order the conversion of TD Group US Holdings LLC's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's total loss-absorbing capacity (TLAC) rule.
- Approved, March 29, 2022
General Counsel
Barclays US LLC, New York, New York -- application for approval of proposed internal debt "conversion trigger" that would allow the Board to order the conversion of Barclays US LLC's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's total loss-absorbing capacity (TLAC) rule.
- Approved, March 29, 2022
Regions Financial Corporation (Regions), Birmingham, Alabama -- determination not to recalculate the stress capital buffer requirement for Regions.
- Approved, March 28, 2022
Huntington Bancshares, Inc., Columbus, Ohio -- request regarding the treatment of certain structural positions in a foreign currency under the Board's capital rule.
- Granted, March 9, 2022
Main Index -- request by Morgan Stanley for a determination regarding certain indexes for purposes of the Board's capital rule.
- Granted, February 16, 2022
Main Index -- request by Northern Trust Corporation for a determination regarding certain indexes for purposes of the Board's capital rule.
- Granted, February 1, 2022
Stress Tests -- issuance of hypothetical scenarios for 2022 stress tests.
- Approved, January 27, 2022
Framework for the Supervision of Insurance Organizations -- publication of, and request for comment on, proposed guidance to implement a supervisory framework for depository institution holding companies significantly engaged in insurance activities.
- Approved, January 26, 2022
Main Index -- requests by Goldman Sachs Group, Inc.; Citigroup Inc.; Credit Suisse Holdings (USA), Inc.; The Bank of New York Mellon Corporation; and State Street Corporation for a determination regarding certain indexes for purposes of the Board's capital rule.
- Granted, January 18, 2022
General Counsel
Santander Holdings USA, Inc. (Santander US), Boston, Massachusetts -- application for approval of proposed internal debt "conversion trigger" that would allow the Board to order the conversion of Santander US's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's total loss-absorbing capacity (TLAC) rule.
- Approved, January 5, 2022
Other Actions
U.S. Central Bank Digital Currency (CBDC) -- discussion paper on the pros and cons of a potential U.S. CBDC and invitation for public comment.
- Published, January 20, 2022

Last Update: June 23, 2022