Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Board Actions PDF
Actions taken during the week ending December 13, 2025
Bank Holding Companies
The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania -- to acquire FirstBank Holding Company, and thereby indirectly acquire FirstBank, both of Lakewood, Colorado.
Announced: December 11, 2025
Enforcement
Credit Suisse Group AG and Credit Suisse AG, both of Zurich, Switzerland, and Credit Suisse Holdings (USA), Inc., and Credit Suisse AG, New York Branch, both of New York, New York -- written agreement dated December 22, 2020, terminated December 2, 2025.
Announced: December 11, 2025
Credit Suisse Group AG, Zurich, Switzerland -- cease-and-desist order dated May 19, 2014, terminated December 4, 2025.
Announced: December 11, 2025
JPMorgan Chase & Co., New York, New York -- cease-and-desist order dated March 8, 2024, terminated December 4, 2025.
Announced: December 11, 2025
Regulations and Policies
Policy Statement on Section 9(13) of the Federal Reserve Act -- rescission of 2023 policy statement and issuance of new policy statement.
Approved: December 12, 2025
Reserve Bank Operations
Federal Reserve Banks -- reappointment of presidents and first vice presidents.
Approved: December 10, 2025