Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Board Actions PDF
Actions taken during the week ending May 23, 2026
Bank Holding Companies
Bank of America Corporation, Charlotte, North Carolina -- approval to engage on a limited basis in physical commodity trading activities involving tin, under section 4(k) of the BHC Act and the Board’s Regulation Y.
Effective: May 18, 2026
Banks, State Member
United Texas Bank (UTB), Dallas, Texas -- non-objection to the conversion by UTB from a state member bank to a national bank charter.*
Approved: May 1, 2026
*Addition
Enforcement
Commerce Bank, Kansas City, Missouri -- consent order of prohibition against Nakia Logan, a former institution-affiliated party.
Announced: May 21, 2026
Forms
FR Y-14AQM -- final Board review to extend with revision the Capital Assessments and Stress Testing Reports.
Approved: May 18, 2026
Regulations and Policies
Payment Account -- (1) notice and request for comment on proposed revisions to the Federal Reserve Policy on Payment System Risk and the Guidelines for Evaluating Account and Services Requests to accommodate the provision by Federal Reserve Banks of a special-purpose payment account that would clear and settle certain payment activity (Payment Account) and (2) notices of proposed rulemaking and requests for comment on proposed revisions to Regulation A to specify that Payment Account holders would not be eligible to access discount window credit and to Regulation D to provide that Federal Reserve Banks would not pay interest on balances maintained in Payment Accounts.
Approved: May 20, 2026