Board Actions

Actions taken during the week ending May 18, 2019

Updated June 5, 2019

Testimony and Statements

Supervision and Regulation -- semiannual statement by Vice Chair for Supervision Quarles before the Senate Committee on Banking, Housing, and Urban Affairs on May 15 and the House Committee on Financial Services on May 16, 2019, on the Federal Reserve's regulation and supervision of the financial system.
-Published, May 15, 2019

Forms

Forms -- final Board review to extend without revision the Application Form for Membership on the Community Advisory Council (FR 1401).
-Approved, May 15, 2019

Regulations and Policies

Automated Clearinghouse (ACH) and Foreign Remittance Transfers -- report to Congress regarding the use of the ACH and other payment mechanisms for remittance transfers to foreign countries, pursuant to the Dodd-Frank Act.
-Approved, May 7, 2019
(A/C)

Enforcement

Adams Bank and Trust, Ogallala, Nebraska -- issuance of a consent order of assessment of a civil money penalty.
-Announced, May 16, 2019

Fayette County Bank, Saint Elmo, Illinois -- issuance of a consent order of prohibition against Adam D. Koontz, a former institution-affiliated party of Fayette County Bank.
-Announced, May 16, 2019