Board Actions

Regulation YY (Enhanced Prudential Standards) -- (1) approval of requests to exclude certain U.S. subsidiaries from their respective U.S. intermediate holding companies by BNP Paribas, Banco Santander, S.A. (Santander), Credit Suisse AG (Credit Suisse), and Deutsche Bank AG; (2) denial of such requests by Santander, Credit Suisse, Royal Bank of Canada, and Bank of Montreal (BMO) and approval of extension of time for BMO; and (3) approval of requests by The Norinchukin Bank and Mizuho Financial Group, Inc. for exemptions from certain of the U.S. risk-committee requirements.
-Approved, February 18, 2016

Forms -- final Board review to extend with revision the Retail Payment Surveys: Depository and Financial Institution Payments Survey (FR 3066a); Networks, Processors, and Issuers Payments Surveys (FR 3066b); Check Sample Survey (FR 3066c); and Retail Payments Survey Supplement (FR 3066d).
-Approved, February 19, 2016

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 $5 billion on February 18, 2016.
-Announced, February 17, 2016

Examination Cycle for Small Insured Depository Institutions -- interagency interim final rule with request for comment to adopt an 18-month examination cycle for certain small banks and savings associations, as well as certain U.S. branches and agencies of foreign banks.
-Approved, February 4, 2016
(A/C)

Regulation I (Issue and Cancellation of Federal Reserve Bank Capital Stock) -- interim final rule with request for comment to change rates paid on dividends to certain Reserve Bank depository institution stockholders.
-Approved, February 17, 2016

Reserve Bank Officers -- reappointment of ten incumbent Federal Reserve Bank presidents and first vice presidents to five-year terms beginning March 1, 2016, in accordance with the Federal Reserve Act.
-Announced, February 19, 2016

Centrue Financial Corporation, Clayton, Missouri, and Centrue Bank, Streator, Illinois -- written agreement issued December 18, 2009, terminated February 16, 2016.
-Announced, February 18, 2016