Board Actions

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

Forms -- initial Board review to extend without revision the Compensation and Salary Surveys (FR 29a, FR 29b).
-Proposed, June 22, 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

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

Stress Tests and Capital Plan Reviews -- 2017 results.
-Approved, June 21, 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

JPMorgan Chase & Co., New York, New York -- written agreement dated July 6, 2011, terminated June 16, 2017.
-Announced, June 20, 2017