Board Actions

Forms -- initial Board review to extend with revision the International Applications and Prior Notifications under Subparts A and C of Regulation K (FR K-1); International Applications and Prior Notifications under Subpart B of Regulation K (FR K-2); Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company (FR Y-3F); Application for Prior Approval to Become a Bank Holding Company or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company (FR Y-3); Notification for Prior Approval to Become a Bank Holding Company or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company (FR Y-3N); and Notification for Prior Approval to Engage Directly or Indirectly in Certain Nonbanking Activities (FR Y-4).
-Proposed, March 19, 2018

Federal Open Market Committee -- increase in the target range for the federal funds rate to 1-1/2 percent to 1-3/4 percent, effective March 22, 2018.
-Announced, March 21, 2018

Division of Supervision and Regulation -- appointment of Arthur (Art) Lindo as deputy director.
-Announced, March 20, 2018

The Charles Schwab Corporation, San Francisco, California -- to acquire Charles Schwab Trust Bank, Henderson, Nevada, a de novo state savings bank.
-Approved, March 19, 2018

Zions Bancorporation, N.A. (Zions), Salt Lake City, Utah -- determination that Zions will be the "successor entity" to Zions Bancorporation following the merger of Zions Bancorporation with and into its subsidiary national bank, ZB, N.A., Salt Lake City.
-Approved, February 26, 2018
(A/C)

Frost Bank, San Antonio, Texas -- issuance of a notice of intent to prohibit and a notice of intent to issue a cease-and-desist order, and assessment of a civil money penalty, against Raysol Villalobos, a/k/a Ray Galvan, a former institution-affiliated party of Frost Bank.
-Approved, March 19, 2018

Regions Bank, Birmingham, Alabama -- issuance of notice of intent to prohibit and notice of assessment of civil money penalties against Nathaniel Frazier and Jeffrey Garrison, former institution-affiliated parties of Regions Bank.
-Approved, March 14, 2018
(A/C)