| Public Information Documents |
Actions taken by the Board of Governors and its staff
under delegated authority
Bank Branches, Domestic
Secretary
Bank of Hawaii, Honolulu, Hawaii -- to establish a branch at 888 Kapahulu Avenue, Honolulu.
- Approved, April 15, 2013
Secretary
WestStar Bank, El Paso, Texas -- to establish a branch at 555 South Telshor Boulevard, Las Cruces, New Mexico.
- Approved, February 4, 2013
Director, Banking Supervision and Regulation
The Bank of Santa Barbara, Santa Barbara, California -- relief from a commitment.
- Granted, April 2, 2013
Secretary
Bank of the Ozarks, Inc., Little Rock, Arkansas -- waiver of application to acquire The First National Bank of Shelby, Shelby, North Carolina, in connection with the merger of The First National Bank of Shelby with and into Ozark's subsidiary, Bank of the Ozarks, Little Rock.
- Granted, March 28, 2013
Director, Banking Supervision and Regulation
Caja de Ahorros y Pensiones de Barcelona, Barcelona, Spain, and CaixaBank, S.A. -- modification of a commitment.
- Granted, March 28, 2013
FirstMerit Corporation, Akron, Ohio -- to acquire Citizens Republic Bancorp, Inc., Flint, Michigan, and thereby acquire Citizens Bank (FRB Order No. 2013-3).
- Approved, March 22, 2013
Secretary
S.Y. Bancorp, Inc., Louisville, Kentucky -- waiver of application to acquire The Bancorp, Inc., LaGrange, in connection with the merger of their respective subsidiaries, Stock Yards Bank & Trust Company, Louisville, and THE BANK-Oldham County, Inc., La Grange.
- Granted, February 4, 2013
Trustmark Corporation, Jackson, Mississippi -- to merge with BancTrust Financial Group, Inc., Mobile, Alabama, and to acquire its subsidiary, BankTrust (FRB Order No. 2013-1).
- Approved, January 24, 2013
The Baraboo Bancorporation, Inc., Baraboo, Wisconsin -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, May 2, 2013
Harbor Bankshares Corporation, Baltimore, Maryland -- written agreement dated July 22, 2010, terminated April 26, 2013.
- Announced, May 2, 2013
NorCal Community Bancorp, Alameda, California -- written agreement dated December 20, 2010, terminated April 24, 2013.
- Announced, May 2, 2013
Freedom Bancorporation, Inc., Lindstrom, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, April 25, 2013
Freedom Bank of Oklahoma, Tulsa, Oklahoma -- written agreement with the Federal Reserve Bank of Kansas City and the Oklahoma State Banking Department.
- Announced, April 25, 2013
Plumas Bancorp, Quincy, California -- written agreement dated July 25, 2011, terminated April 18, 2013.
- Announced, April 23, 2013
IT & S of Iowa, Inc., Oskaloosa, Iowa -- written agreement dated June 16, 2009, terminated April 15, 2013.
- Announced, April 18, 2013
Metropolitan Bank Group, Inc., Chicago, Illinois -- issuance of a consent cease and desist order.
- Announced, April 18, 2013
HSH Nordbank AG, Hamburg, Germany, and HSH Nordbank AG, New York branch, New York, New York -- written agreement with the Federal Reserve Bank of New York and the New York State Department of Financial Services.
- Announced, April 4, 2013
Citigroup Inc., New York, New York -- issuance of a consent cease and desist order.
- Announced, March 26, 2013
East Dubuque Bancshares, Inc., East Dubuque, Illinois, and East Dubuque Savings Bank, Dubuque, Iowa -- written agreement dated April 19, 2010, terminated March 20, 2013.
- Announced, March 26, 2013
Bank of Little Rock, Little Rock, Arkansas -- written agreement dated May 18, 2010, terminated March 15, 2013.
- Announced, March 21, 2013
Pembina County Bankshares, Ltd., Cavalier, North Dakota -- written agreement dated March 9, 2011, terminated March 18, 2013.
- Announced, March 21, 2013
Bank of Bartlett, Bartlett, Tennessee -- prompt corrective action directive dated January 30, 2012, terminated March 18, 2013.
- Announced, March 21, 2013
Bank VI, Salina, Kansas -- written agreement dated July 14, 2010, terminated March 13, 2013.
- Announced, March 19, 2013
Devon Bancorp, Inc., Chicago, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
- Announced, March 19, 2013
Mountain West Financial Corp., Helena, Montana -- written agreement dated August 31, 2010, terminated March 12, 2013.
- Announced, March 14, 2013
Enforcement Actions -- interagency amendments to enforcement actions against 13 mortgage servicers for deficiencies in mortgage loan servicing and foreclosure processing.
- Announced, February 28, 2013
Central Pacific Financial Corporation, Honolulu, Hawaii -- written agreement dated July 2, 2010, terminated February 12, 2013.
- Announced, February 19, 2013
Rurban Financial Corp., Defiance, Ohio, and Rurbanc Data Services, Inc. -- cease and desist order dated March 9, 2011, terminated February 8, 2013.
- Announced, February 14, 2013
Commonwealth Savingshares Corporation, Huntsville, Alabama -- written agreement with the Federal Reserve Bank of Atlanta.
- Announced, February 12, 2013
Countricorp, White Sulphur Springs, Montana -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, February 7, 2013
JLL Associates G.P. FCH, L.L.C., New York, New York; JLL Associates FCH, L.P.; JLL Partners Fund FCH, L.P.; JLL/FCH Holdings I, L.L.C; and FC Holdings, Inc., Webster, Texas -- written agreement dated June 21, 2011, terminated February 1, 2013.
- Announced, February 7, 2013
Progressive Growth Corp., Gaylord, Minnesota -- written agreement dated November 15, 2010, terminated February 1, 2013.
- Announced, February 5, 2013
Oregon Community Bank & Trust, Oregon, Wisconsin -- written agreement dated August 27, 2010, terminated January 29, 2013.
- Announced, January 31, 2013
Security Financial Services Corporation, Durard, Wisconsin, and Security Financial Bank -- written agreement dated September 14, 2009, terminated January 28, 2013.
- Announced, January 31, 2013
Farmers and Merchants Bancshares, Inc., Burlington, Iowa -- written agreement dated February 28, 2011, terminated January 18, 2013.
- Announced, January 24, 2013
Flathead Holding Company of Bigfork, Bigfork, Montana -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, January 22, 2013
Blue Valley Ban Corp., Overland Park, Kansas, and Bank of Blue Valley -- written agreement dated November 4, 2009, terminated January 11, 2013.
- Announced, January 17, 2013
The Commercial & Savings Bank, Millersburg, Ohio -- issuance of a consent order of assessment of a civil money penalty.
- Announced, January 17, 2013
JPMorgan Chase & Co., New York, New York -- issuance of two consent cease and desist orders against JPMorgan Chase & Co. requiring it to take corrective action (1) to enhance its risk-management program and its finance and internal audit functions, particularly regarding its Chief Investment Office, and (2) to enhance its program for compliance with the Bank Secrecy Act and other anti-money-laundering requirements at its various subsidiaries.
- Announced, January 14, 2013
Farmers State Bank, Victor, Montana -- written agreement dated November 12, 2010, terminated December 19, 2012.
- Announced, January 3, 2013
Director, Banking Supervision and Regulation
H&R Block, Inc., Kansas City, Missouri -- extension of time to meet certain regulatory reporting requirements.
- Granted, May 8, 2013
Secretary
Santander Holdings USA, Inc., Boston, Massachusetts -- extension to May 14, 2013, to meet certain regulatory reporting requirements.
- Granted, April 30, 2013
General Counsel
Banco Financiero y de Ahorros, S.A., Valencia, Spain -- extension of a temporary exemption to engage in certain nonbanking activities in the United States.
- Granted, March 11, 2013
Director, Banking Supervision and Regulation
Bank of America Corporation, Charlotte, North Carolina -- extension of time to divest certain merchant banking investments.
- Granted, February 14, 2013
Secretary
BMO Financial Corporation, Wilmington, Delaware -- extension of time to meet certain regulatory reporting requirements.
- Granted, February 13, 2013
Secretary
UnionBanCal Corporation, San Francisco, California -- extension of time to meet certain regulatory reporting requirements.
- Granted, February 13, 2013
Director, Banking Supervision and Regulation
Bank of America Corporation, Charlotte, North Carolina -- extension of time to divest certain merchant banking investments.
- Granted, January 25, 2013
Director, Banking Supervision and Regulation
Citigroup Inc., New York, New York -- extension of time to divest certain real estate held by indirect subsidiaries in El Salvador, Guatemala, Mexico, and Nicaragua.
- Granted, January 18, 2013
Secretary
Anchor Commercial Bank, Juno Beach, Florida -- extension of time to receive comments from a commenter on the notice by Guido Hinojosa to acquire control of Anchor Commercial Bank.
- Granted, January 15, 2013
Secretary
Live Oak Bancshares, Inc., Wilmington, North Carolina -- commenters' requests to extend the comment period on the application to acquire Government Loan Solutions, Inc., Cleveland, Ohio.
- Denied, January 7, 2013
Director, Banking Supervision and Regulation
Canadian Imperial Bank of Commerce, Toronto, Canada -- waiver of remainder of prior-notice period to convert its agency at 425 Lexington Avenue, New York, New York, to a branch.
- Granted, March 26, 2013
Director, Banking Supervision and Regulation
NongHyup Bank, Seoul, Republic of Korea -- to establish a branch and a representative office in New York, New York.
- Approved, January 28, 2013
Director, Banking Supervision and Regulation
Itau BBA International Limited, London, United Kingdom, and Itau Investment LLC, Wilmington, Delaware -- to indirectly acquire control of Banco Itau Europa International, Miami, Florida.
- Approved, January 25, 2013
Forms -- final Board review (1) to extend without revision the Written Security Program for State Member Banks (FR 4004), Funding and Liquidity Risk Management Guidance (FR 4198), Notice by Financial Institutions of Government Securities Broker or Government Securities Dealer Activities (FR G-FIN), and Notice by Financial Institutions of Termination of Activities as a Government Securities Broker or Government Securities Dealer (FR G-FINW) and (2) to extend with revision the Uniform Application for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (FR MSD-4) and Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (FR MSD-5).
- Approved, April 19, 2013
Forms -- initial Board review to extend without revision the Reporting and Disclosure Requirements Associated with the Policy on Payments System Risk
(FR 4102) and to extend with revision the Transfer Agent Registration and Amendment Form (FR TA-1).
- Proposed, April 8, 2013
Forms -- initial Board review to extend with revision the Survey to Obtain Information on the Relevant Market in Individual Merger Cases (FR 2060) and Notice Claiming Status as an Exempt Transfer Agent (FR 4013) and to extend without revision the Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted (FR 4006), Stock Redemption Notification (FR 4008), and Investment in Bank Premises Notification (FR 4014).
- Proposed, April 4, 2013
Forms -- final Board review to extend without revision the Notice of Branch Closure (FR 4031) and Reports Related to Securities of State Member Banks as Required by Regulation H (Reg H-1) and to extend with revision the Senior Credit Officer Opinion Survey on Dealer Financing Terms (FR 2034).
- Approved, April 3, 2013
Forms -- final Board review to revise the Capital Assessments and Stress Testing information collection (FR Y-14A/Q/M).
- Approved, March 22, 2013
Forms -- initial Board review to implement the Annual Company-Run Stress Test Projections (FR Y-16).
- Proposed, February 27, 2013
Forms -- final Board review to extend with revision the interagency Suspicious Activity Report (FR 2230).
- Approved, February 7, 2013
Forms -- initial Board review to extend without revision the Written Security Program for State Member Banks (FR 4004), Funding and Liquidity Risk Management Guidance (FR 4198), Notice by Financial Institutions of Government Securities Broker or Government Securities Dealer Activities (FR G-FIN), and Notice by Financial Institutions of Termination of Activities as a Government Securities Broker or Government Securities Dealer (FR G-FINW); and to extend with revision the Uniform Application for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (FR MSD-4) and Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (FR MSD-5).
- Proposed, February 1, 2013
Forms -- final Board review to extend without revision the disclosure and reporting requirements of CRA-Related Agreements (Reg G) and disclosure requirements of Subpart H of Regulation H (Consumer Protections in Sales of Insurance) (Reg H-7).
- Approved, January 24, 2013
Forms -- initial Board review to extend with revision the Senior Credit Officer Opinion Survey on Dealer Financing Terms (FR 2034).
- Proposed, January 23, 2013
Forms -- final Board review to extend with revision the Consumer Satisfaction Questionnaire (FR 1379a), Federal Reserve Consumer Help-Consumer Survey (FR 1379b), Consumer Online Complaint Form (FR 1379c), and Semiannual Report of Derivatives Activity (FR 2436); to extend without revision the Domestic Branch Notification (FR 4001); and to conduct the Central Bank Survey of Foreign Exchange and Derivatives Market Activity (FR 3036).
- Approved, January 16, 2013
Forms -- final Board review to revise without extension the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C).
- Approved, January 11, 2013
Forms -- initial Board review to extend without revision the Notice of Branch Closure (FR 4031) and Reports Related to Securities of State Member Banks as Required by Regulation H (Reg H-1).
- Proposed, January 11, 2013
Director, Banking Supervision and Regulation
USB European Holdings Company, Minneapolis, Minnesota -- waiver of remainder of prior-notice period to invest in Santander Elavon Merchant Services, Entidad de Pago, S.L., Madrid, Spain.
- Granted, March 28, 2013
Director, Banking Supervision and Regulation
The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania -- waiver of remainder of prior-notice period for Harris Williams UK Holdings, LLC, Richmond, Virginia, to make an additional investment in Harris Williams & Co., Ltd., London, England.
- Granted, March 21, 2013
Director, Banking Supervision and Regulation
USB Americas Holdings Company, Minneapolis, Minnesota -- waiver of remainder of prior-notice period to invest in Collective Point of Sale Solutions, Ltd., Toronto, Canada.
- Granted, January 16, 2013
Federal Reserve Bank of Richmond -- appointment of Mark L. Mullinix as first vice president and chief operating officer, effective June 1, 2013.
- Approved, April 19, 2013
Director, Reserve Bank Operations and Payment Systems
Federal Reserve Bank of San Francisco -- capital funding request to complete the CashForward project.
- Approved, April 10, 2013
Director, Reserve Bank Operations and Payment Systems
Federal Reserve Bank of San Francisco -- capital funding request to upgrade the Banknote Processing System.
- Approved, April 10, 2013
Regulation QQ (Resolution Plans) -- interagency guidance and extension of filing date for submission of resolution plans for the banking organizations that submitted initial resolution plans in 2012, in accordance with the Dodd-Frank Act.
- Approved, April 12, 2013
Regulation TT (Supervision and Regulation Assessments of Fees) -- publication for comment of proposed rule to collect assessments for the supervision and regulation of bank holding companies and savings and loan holding companies with $50 billion or more in total consolidated assets and nonbank financial companies designated for Board supervision by the Financial Stability Oversight Council, in accordance with the Dodd-Frank Act.
- Approved, April 12, 2013
Regulation NN (Retail Foreign Exchange Transactions) -- final rule to provide standards, in accordance with the Dodd-Frank Act, for Board-regulated institutions that engage in certain foreign exchange transactions with retail customers.
- Approved, April 1, 2013
Regulation PP (Definitions Relating to Title I of the Dodd-Frank Act) -- final rule to establish the requirements for (1) determining if a company is "predominantly engaged in financial activities" and (2) defining "significant nonbank financial company" and "significant bank holding company," in accordance with the Dodd-Frank Act.
- Approved, March 28, 2013
Community Reinvestment Act -- publication for comment of revisions to interagency questions and answers regarding community reinvestment.
- Approved, March 11, 2013
Leveraged Lending -- final interagency guidance on leveraged lending.
- Approved, March 7, 2013
Regulation HH (Financial Market Utilities) -- publication for comment of amendments to authorize the Federal Reserve Banks to open accounts for and provide financial services to financial market utilities designated as systemically important by the Financial Stability Oversight Council, in accordance with the Dodd-Frank Act.
- Approved, February 25, 2013
Secretary
Regulation YY (Enhanced Prudential Standards) -- extension of the comment period to April 30, 2013, on the proposed rule to implement the enhanced prudential standards and early remediation requirements in the Dodd-Frank Act for foreign banking organizations and foreign nonbank financial companies supervised by the Board.
- Approved, February 22, 2013
Report on Debit Card Data -- biennial report on 2011 debit card volume and value, interchange fee revenue, certain debit card issuer costs, and fraud losses related to debit card transactions.
- Approved, February 19, 2013
Regulation Z (Truth in Lending) -- final interagency amendments to establish new appraisal requirements for "higher-priced mortgage loans," in accordance with the Dodd-Frank Act.
- Approved, January 11, 2013
FOMC
Federal Open Market Committee -- minutes of the meeting on December 11-12, 2012.
- Published, January 3, 2013
Secretary
Bank of Hawaii, Honolulu, Hawaii -- to make a public welfare investment.
- Approved, March 21, 2013
Director, Banking Supervision and Regulation
Regions Bank, Birmingham, Alabama -- to make certain public welfare investments.
- Approved, March 8, 2013
Director, Banking Supervision and Regulation
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
- Approved, February 20, 2013
Secretary
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment.
- Approved, January 31, 2013
Independent Consultants -- statement by Richard Ashton, deputy general counsel, before a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs about the use of third-party consulting firms in Federal Reserve enforcement actions.
- Published, April 11, 2013
Anti-Money Laundering and the Bank Secrecy Act -- statement by Governor Powell before the Senate Committee on Banking, Housing, and Urban Affairs on the Federal Reserve's role in the U.S. government's effort to combat money laundering and terrorist financing.
- Published, March 7, 2013
Monetary Policy -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on February 26 and the House Committee on Financial Services on February 27, 2013, on the semiannual monetary policy report to the Congress.
- Published, February 26, 2013
Dodd-Frank Act Implementation and Regulatory Priorities -- statement by Governor Tarullo before the Senate Committee on Banking, Housing, and Urban Affairs on implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and on the Federal Reserve's regulatory and supervisory priorities for 2013.
- Published, February 14, 2013
Management Division -- appointments of Marie Savoy as senior associate director and David Harmon as deputy director and chief human capital officer, effective
April 7, 2013.
- Announced, April 8, 2013
Office of the Chief Operating Officer -- appointment of Micheline Casey as chief data officer and Sandra Cannon as deputy chief data officer.
- Approved, April 8, 2013
Division of Banking Supervision and Regulation -- appointments of Catherine Piché and Ryan Lordos as assistant directors and of Keith Ligon as adviser.
- Approved, April 1, 2013
Term Deposit Facility -- TDF auction of $3 billion in 28-day term deposits on March 11, 2013.
- Announced, March 6, 2013
Term Asset-Backed Securities Loan Facility (TALF) -- agreement with the Department of the Treasury to end Treasury's credit protection for the TALF under the Troubled Asset Relief Program.
- Approved, January 15, 2013
Term Deposit Facility -- TDF auction of $3 billion in 28-day term deposits on January 14, 2013.
- Announced, January 9, 2013
General Counsel
Ameriprise Financial, Inc., Minneapolis, Minnesota -- to deregister as a savings and loan holding company.
- Approved, January 30, 2013