Board Actions

CIT Group, Inc., Livingston, New Jersey -- interagency notice of public meeting in Los Angeles on February 26, 2015, on the proposal to acquire IMB Holdco LLC, Pasadena, California, and its subsidiary, OneWest Bank, National Association, and to merge CIT Bank, Salt Lake City, Utah, with and into OneWest Bank; and extension of the public comment period through February 26, 2015.
-Approved, February 6, 2015

Forms -- initial Board review to extend without revision the Recordkeeping Requirements Associated with Real Estate Appraisal Standards for Federally Related Transactions Pursuant to Regulations H and Y (FR H-4) and to implement the Federal Reserve Board Public Website Usability Survey (FR 3076).
-Proposed, February 6, 2015

Term Deposit Facility -- floating-rate offering of 21-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $20 billion on February 5, 2015.
-Announced, February 4, 2015

Regulatory Burden Reduction -- publication for comment of the second in a series of interagency notices on potential areas for regulatory burden relief for insured depository institutions, as required by the Economic Growth and Regulatory Paperwork Reduction Act.
-Approved, February 6, 2015

FNB Bancorp, Layton, Utah -- written agreement issued March 3, 2010, terminated February 3, 2015.
-Announced, February 5, 2015