Board Actions

Faster Payments -- statement by President Esther George of the Federal Reserve Bank of Kansas City on September 25, 2019, before the Senate Committee on Banking, Housing, and Urban Affairs, and on September 26 before the House Committee on Financial Services' Task Force on Financial Technology about faster payments, including the proposed FedNow Service.
-Published, September 25, 2019

Financial Stability -- statement by Governor Brainard before the House Committee on Financial Services' Subcommittee on Consumer Protection and Financial Institutions about safeguarding financial stability.
-Published, September 25, 2019

Appraisal Requirements -- final interagency rule to raise the dollar threshold at or below which appraisals are not required for residential real estate transactions.
-Approved, September 20, 2019
(A/C)

Depository Institution Management Interlocks Rules -- interagency final rule to raise the asset thresholds below which depository organizations may have management interlocks without prior approval.
-Approved, September 25, 2019

Reserve Bank Directors -- designation of a deputy chair and appointment of a Class C director for the Federal Reserve Bank of Dallas.
-Approved, September 3, 2019
(A/C)

Highlands Union Bank, Abingdon, Virginia -- issuance of a consent order of prohibition against Bettie McGuire Shomaker, a former institution-affiliated party.
-Announced, September 26, 2019