Board Actions

Actions taken during the week ending April 17, 2021

Testimony and Statements

The End of LIBOR: Transitioning to an Alternative Interest Rate Calculation for Mortgages, Student Loans, Business Borrowing, and Other Financial Products -- statement by Mark Van Der Weide, General Counsel, before a subcommittee of the House Committee on Financial Services.
-Published, April 15, 2021

Personnel

Legal Division -- appointment of Charles Gray as deputy general counsel.
-Announced, April 12, 2021

Section 23A Exemptions

Vanguard National Trust Company (Vanguard), Malvern, Pennsylvania -- determination that a proposed transaction by Vanguard to purchase certain assets from a securities affiliate would be in the public interest and consistent with the purposes of section 23A of the Federal Reserve Act. (Non-objection by the Federal Deposit Insurance Corporation, April 2, 2021. Exemption granted by the Office of the Comptroller of the Currency, April 12, 2021.)
-Approved, January 27, 2021
(A/C)