Board Actions

Forms -- initial Board review to extend with revision the Survey of Household Economics and Decisionmaking (FR 3077), initial Board review to extend without revision the Surveys of Consumer and Community Affairs Publications and Resources (FR 1378), and final Board review to extend without revision the Registration of Mortgage Loan Originators (CFPB G).
-Approved, May 5, 2020

Credit Losses and Credit Risk Review -- final (1) Interagency Policy Statement on Allowances for Credit Losses and (2) Interagency Guidance on Credit Risk Review Systems.
-Approved, March 13, 2020
(A/C)

Main Street Priority Loan Facility -- report to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
-Published, May 8, 2020

Resolution Plans -- (1) interagency extension until September 29, 2020, of the submission date for the 2020 resolution plans from Barclays US LLC, Credit Suisse Holdings (USA) Inc., DB USA Corporation, and UBS Americas; and (2) interagency extension until September 29, 2021, of the submission date for the targeted resolution plans from certain large foreign and domestic banks.
-Approved, May 5, 2020

Crown Bankshares, Inc., Edina, Minnesota -- written agreement dated June 22, 2012, terminated April 29, 2020.
-Announced, May 5, 2020

First Bankshares, Inc., Barboursville, West Virginia -- written agreement dated August 8, 2016, terminated April 30, 2020.
-Announced, May 5, 2020

Whitaker Bank, Inc., Lexington, Kentucky -- issuance of a consent order of prohibition and cease-and-desist order against Thomas P. Hinkebein, former president.
-Announced, May 5, 2020