Board Actions

Forms -- final Board review to extend with revision the Capital Assessments and Stress Testing Reports (FR Y-14A/Q/M).
-Approved, December 22, 2020

Regulation D (Reserve Requirements of Depository Institutions) -- (1) notice of proposed rulemaking with request for comment to replace current references to interest rates on required and excess reserves with references to a single interest on reserve balances (IORB) rate; and (2) final rule to lower reserve requirement ratios on transaction accounts maintained at depository institutions to zero percent.
-Approved, December 21, 2020

Reserve Bank Directors -- designation of chairs and deputy chairs of the Federal Reserve Banks for 2021.
-Announced, December 23, 2020

Credit Suisse Group AG, Zurich, Switzerland; Credit Suisse AG; Credit Suisse Holdings (USA), Inc., New York, New York; and Credit Suisse AG, New York Branch -- written agreement with the Federal Reserve Bank of New York and the New York State Department of Financial Services.
-Announced, December 22, 2020