Board Actions

Banco Santander, S.A., Madrid, Spain, and Santander Holdings USA, Inc., Boston, Massachusetts -- (1) request to acquire Pierpont Capital Holdings LLC, New York, New York; (2) request to continue Amherst Pierpont Securities LLC's status as a primary dealer under the Primary Dealers Act of 1988; and (3) determination to not recalculate Santander Holdings USA, Inc.'s stress capital buffer requirement.
-Approved, March 31, 2022

Citizens Financial Group, Inc., Providence, Rhode Island -- (1) to acquire Investors Bancorp, Inc., and thereby indirectly acquire Investors Bank, both of Short Hills, New Jersey; and (2) determination to recalculate Citizens Financial Group, Inc.'s stress capital buffer requirement.
-Approved, March 22, 2022
(A/C)

M&T Bank Corporation, Buffalo, New York -- (1) to acquire People's United Financial, Inc., and thereby indirectly acquire People's United Bank, National Association, both of Bridgeport, Connecticut; (2) for Manufacturers and Traders Trust Company, Buffalo, New York, to merge with People's United Bank, National Association, and establish branches; and (3) determination to recalculate M&T Bank Corporation's stress capital buffer requirement.
-Approved, March 4, 2022
(A/C)

Forms -- final Board review to extend without revision the Procurement Solicitation Package (FR 1400).
-Approved, March 31, 2022

Forms -- initial Board review to extend with revision the Federal Reserve Payments Study (FR 3066).
-Approved, March 31, 2022

Forms -- final Board review to extend without revision the Minimum Requirements for Appraisal Management Companies (FR HY-5).
-Approved, March 31, 2022

Forms -- initial Board review to extend without revision the Interagency Policy Statement on Funding and Liquidity Risk Management (FR 4198).
-Approved, March 31, 2022

Forms -- initial Board review to extend with revision the Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted (FR 4006).
-Approved, March 31, 2022

Forms -- final Board review to extend without revision the Procedures for Monitoring Bank Secrecy Act Compliance (FR K).
-Approved, March 31, 2022

Forms -- initial Board review to extend without revision the Recordkeeping Provisions Associated with Guidance on Leveraged Lending (FR 4203).
-Approved, March 31, 2022

Forms -- final Board review to extend without revision the Reporting Provisions Associated with Regulation TT (FR TT).
-Approved, March 31, 2022

Forms -- final Board review to extend without revision the Uniform Application for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (MSD-4) and the Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (MSD-5).
-Approved, March 31, 2022

Forms -- final Board review to extend with revision the Central Bank Survey of Foreign Exchange and Derivatives Market Activity (FR 3036).
-Approved, March 31, 2022

Regions Financial Corporation (Regions), Birmingham, Alabama -- determination not to recalculate the stress capital buffer requirement for Regions.
-Approved, March 28, 2022

Citizens State Bank, Tyler, Texas -- consent order of prohibition against Chad Dingler, a former institution-affiliated party.
-Announced, April 1, 2022