Public Information Documents

Actions taken by the Board of Governors and its staff under delegated authority

Advisory Councils
Director, Consumer and Community Affairs
Community Advisory Council -- notice that the Board is accepting applications from individuals who wish to be considered for membership on the council.
- Approved, March 25, 2024
Bank Branches, Domestic
Secretary
SmartBank, Pigeon Forge, Tennessee -- to establish a branch at 207 Montgomery Street, Montgomery, Alabama.
- Approved, November 22, 2024
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch at 850 Park Shore Drive, Naples, Florida.
- Approved, November 1, 2024
Secretary
Bank of Buffalo, Buffalo, Kentucky -- to establish a branch at 2798 North Jackson Highway, Canmer, Kentucky.
- Approved, September 3, 2024
Secretary
The Northern Trust Company, Chicago, Illinois -- to establish a branch at Two Commerce Square, [2001 Market] Street, Philadelphia, Pennsylvania.
- Approved, July 29, 2024
Bank 7, Oklahoma City, Oklahoma -- to establish a branch at 4003 East 51st Street, Tulsa, Oklahoma.
- Approved, July 26, 2024
PlainsCapital Bank, University Park, Texas -- to establish a branch at 513 West Oak Street, Denton, Texas.
- Approved, June 25, 2024
Veritex Community Bank, Dallas, Texas -- to establish a branch at 4660 Sweetwater Boulevard, [Sugar Land, Texas.]
- Approved, June 25, 2024
Secretary
State Street Bank and Trust Company, Boston, Massachusetts -- to establish a branch at 2323 Grand Boulevard, Kansas City, Missouri.
- Approved, April 22, 2024
Secretary
SmartBank, Pigeon Forge, Tennessee -- to establish a branch at 1940 East Samford Avenue, Auburn, Alabama.
- Approved, March 28, 2024
Bank Holding Companies
First Citizens BancShares, Inc., Raleigh, North Carolina -- request to redeem certain subordinated debt.
- Granted, September 26, 2024
Secretary
North Valley Bancshares, Inc., and Northern Valley Bank, both of Zanesville, Ohio -- to acquire Commodore Financial Network, Inc., and thereby indirectly acquire Commodore Bank, both of Somerset, Ohio.
- Approved, September 25, 2024
General Counsel
Alerus Financial Corporation, Grand Forks, North Dakota -- waiver of application to acquire HMN Financial, Inc., Rochester, Minnesota, and thereby indirectly acquire Home Federal Savings Bank, Rochester, Minnesota, in connection with the merger of Home Federal Savings Bank with and into Alerus Financial, National Association, Grand Forks, North Dakota.
- Approved, September 24, 2024
General Counsel
Skyline Bankshares, Inc., Floyd, Virginia -- waiver of application in connection with the acquisition and merger of Johnson County Bank, Mountain City, Tennessee, with and into Skyline National Bank, Independence, Virginia.
- Granted, August 23, 2024
General Counsel
United Community Banks, Inc., and United Community Bank, both of Greenville, South Carolina -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
- Granted, August 23, 2024
A.N.B. Holding Company, Ltd., Terrell, Texas -- to acquire shares of The ANB Corporation, which controls The American National Bank of Texas, both of Terrell, Texas.
- Approved, July 26, 2024
SoFi Technologies, Inc., and Social Finance, Inc., both of San Francisco, California -- relief from certain commitments.
- Granted, June 24, 2024
Secretary
Maine Community Bancorp, MHC, and its subsidiary, Maine Community Bancorp, Inc., both of Auburn, Maine -- (1) to merge respectively with Gorham Bancorp, MHC, and its subsidiary, Gorham Bancorp, Inc., and to thereby indirectly acquire Gorham Savings Bank (GSB), all of Gorham, Maine, and (2) to indirectly acquire GSB's non-wholly owned subsidiary, Bigelow Investment Advisors, LLC.
- Approved, June 21, 2024
VersaHoldings US Corp., Wilmington, Delaware, and its parent companies GBH Inc., Breslau, Canada, and VersaBank, London, Canada -- (1) to become bank holding companies by acquiring Stearns Bank Holdingford National Association, Holdingford, Minnesota, and (2) to engage de novo in extending credit and servicing loans, through VersaFinance US Corp., Wilmington, Delaware.
- Approved, June 4, 2024
Citigroup Inc., New York, New York -- termination of certain commitments.
- Granted, June 4, 2024
Capital One Financial Corporation, McLean, Virginia -- (1) interagency notice of public meeting to be held virtually on July 19, 2024, on the proposal to acquire Discover Financial Services, Riverwoods, Illinois, and thereby indirectly acquire Discover Bank, Greenwood, Delaware, as well as certain nonbanking subsidiaries of Discover Financial Services that are engaged in activities closely related to banking, and (2) extension of the public comment period on the proposal through July 24, 2024.
- Approved, May 14, 2024
Provident Financial Services, Inc., Jersey City, New Jersey -- to merge with Lakeland Bancorp, Inc., Oak Ridge, New Jersey, and thereby indirectly acquire Lakeland Bank, Newfoundland, New Jersey.
- Approved, April 11, 2024
Truist Financial Corporation, Charlotte, North Carolina -- relief from certain commitments.
- Granted, April 4, 2024
General Counsel
New York Community Bancorp, Inc., Hicksville, New York -- request for an exemption from the management interlock prohibitions under the Depository Institution Management Interlocks Act and the Board's Regulation L.
- Approved, March 9, 2024
Atlantic Union Bankshares Corporation, Richmond, Virginia -- to acquire American National Bankshares Inc. and thereby indirectly acquire American National Bank and Trust Company, both of Danville, Virginia. In addition, Atlantic Union Bank, Richmond, Virginia, to merge with American National Bank and Trust Company and thereby establish and operate branches at the locations of American National Bank and Trust Company.
- Approved, February 22, 2024
Sumitomo Mitsui Financial Group, Inc., and Sumitomo Mitsui Banking Corporation, both of Tokyo, Japan -- relief from certain commitments.
- Granted, February 14, 2024
Secretary
WaFD, Inc., Seattle, Washington -- to acquire Luther Burbank Corporation and thereby indirectly acquire Luther Burbank Savings, both of Santa Rosa, California.
- Approved, January 30, 2024
Change In Bank Control
Secretary
LBT Bancshares, Inc., Litchfield, Illinois -- Daniel D. Fleming Trust, dated October 17, 1997, Daniel D. Fleming, trustee, Carlinville, Illinois; The William D. Fleming Revocable Trust, William D. Fleming, trustee, Litchfield, Illinois; The Andrew W. Fleming Trust, Andrew W. Fleming, trustee, Litchfield, Illinois; Bailey D. Fleming Living Trust, Bailey D. Fleming, trustee, Litchfield, Illinois; The Eaden Fleming Trust, Eaden Danae Nellyn Fleming, trustee, Mt. Olive, Illinois; The Jacob W. Fleming Trust, Jacob W. Fleming, trustee, Litchfield, Illinois; Daniel D. Fleming, Carlinville, Illinois; Jacob W. Fleming, Litchfield, Illinois; William David Fleming, Litchfield, Illinois; Delia R. Fleming, UTMA, Andrew W. Fleming, Custodian, Litchfield, Illinois; Luke A. Fleming, UTMA, Andrew W. Fleming, Custodian, Litchfield, Illinois; Max J. Fleming, UTMA, Jacob W. Fleming, Custodian, Litchfield, Illinois; Miles J. Fleming, UTMA, Jacob W. Fleming, Custodian, Litchfield, Illinois; and Sydney E. Fleming, UTMA, Jacob W. Fleming, Custodian, Litchfield, Illinois, as a group acting in concert, to retain voting shares of LBT Bancshares, Inc., and thereby indirectly retain voting shares of Bank & Trust Company, Litchfield, Illinois, and Security Bancshares, Inc., and Security National Bank, both of Witt, Illinois.
- Permitted, May 13, 2024
Peoples Financial Corporation, Biloxi, Mississippi -- Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., and Stilwell Value Partners VII, L.P., together known as The Stilwell Group; Stilwell Value LLC, the general partner of each of the limited partnerships, all of New York, New York; and Joseph D. Stilwell, San Juan, Puerto Rico, as managing member of Stilwell Value LLC, as a group acting in concert, to acquire voting shares of Peoples Financial Corporation, and thereby indirectly acquire voting shares of The Peoples Bank, Biloxi, Mississippi, Biloxi, Mississippi.
- Permitted, May 8, 2024
Secretary
Buffalo Bancshares, Inc., Buffalo, Kentucky -- Rondal L. Wright Irrevocable Grantor Trust and R. Brent Wright, both of Glasglow, Kentucky, to acquire Buffalo Bancshares, Inc., and thereby indirectly acquire the Bank of Buffalo, Buffalo, Kentucky.
- Permitted, April 23, 2024
Secretary
TNB Bancshares, Inc., Mercedes, Texas -- Kellye Ortega, individually, and as part of a group acting in concert with Myrhanda Ortega, both of Edinburg, Texas, to acquire voting shares of TNB Bancshares, Inc., and thereby indirectly acquire voting shares of Texas National Bank, Mercedes, Texas.
- Permitted, April 11, 2024
Enforcement
Small Business Bank, Lenexa, Kansas -- consent cease-and-desist order.
- Announced, November 19, 2024
Industry Bancshares, Inc., Industry, Texas -- consent cease-and-desist order.
- Announced, November 19, 2024
Allegiant United Holdings, LLC (Allegiant); Nano Financial Holdings, Inc. (Nano Financial); and Nano Banc, all of Irvine, California -- (1) consent order of prohibition and assessment of a civil money penalty against Anthony R. Gressak III, a former institution-affiliated party of Allegiant, Nano Financial, and Nano Banc, and (2) consent order of prohibition against James T. Chung, a former institution-affiliated party of Nano Financial and Nano Banc.
- Announced, November 12, 2024
U & I Financial Corp. and UniBank, both of Lynnwood, Washington -- written agreement with the Federal Reserve Bank of San Francisco and the Washington Department of Financial Institutions.
- Announced, October 24, 2024
Toronto-Dominion Bank, Toronto, Canada; TD Group U.S. Holdings, LLC, Cherry Hill, New Jersey; and TD Bank U.S. Holding Company, Cherry Hill, New Jersey -- consent cease-and-desist order and assessment of a civil money penalty for violations related to anti-money-laundering laws.
- Announced, October 10, 2024
Opportunity Bank of Montana, Helena, Montana -- consent order of assessment of a civil money penalty pursuant to the National Flood Insurance Act.
- Announced, October 3, 2024
Bank of Jackson Hole, Jackson, Wyoming -- consent cease-and-desist order against Lindsay Graves, a former institution-affiliated party.
- Announced, October 3, 2024
Citigroup Inc., New York, New York -- cease-and-desist order dated March 21, 2013, terminated September 26, 2024.
- Announced, October 1, 2024
Community Bankshares, Inc., LaGrange, Georgia -- written agreement dated September 16, 2009, terminated September 11, 2024.
- Announced, September 19, 2024
Fieldpoint Private Holdings, Inc., and Fieldpoint Private Bank and Trust, both of Greenwich, Connecticut -- written agreement with the Federal Reserve Bank of New York and the State of Connecticut Department of Banking.
- Announced, September 11, 2024
First Interstate Bank, Billings, Montana -- consent order of assessment of a civil money penalty pursuant to the National Flood Insurance Act.
- Announced, September 4, 2024
United Texas Bank, Dallas, Texas -- issuance of a consent cease-and-desist order.
- Announced, September 4, 2024
Heritage Bancshares Group Inc. Employee Stock Ownership Plan and Trust and Heritage Bancshares Group, Inc., both of Spicer, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
- Announced, August 15, 2024
SNB Bancshares, Inc. and Bank of Eufaula, both of Eufaula, Oklahoma -- written agreement with the Federal Reserve Bank of Kansas City and the Oklahoma Banking Department.
- Announced, August 15, 2024
Customers Bancorp, Inc., West Reading, Pennsylvania, and Customers Bank, Malvern, Pennsylvania -- written agreement with the Federal Reserve Bank of Philadelphia.
- Announced, August 8, 2024
Silvergate Bank and Silvergate Capital Corporation, both of La Jolla, California -- termination of the consent cease-and-desist order dated May 23, 2023.
- Announced, July 26, 2024
North Shore Bank of Commerce, Duluth, Minnesota -- consent order of assessment of a civil money penalty.
- Announced, July 23, 2024
Jiko Group, Inc., San Francisco, California -- consent cease-and-desist order.
- Announced, July 19, 2024
Green Dot Bank, Provo, Utah, and Green Dot Corporation, Austin, Texas -- consent cease-and-desist order and assessment of a civil money penalty.
- Approved, July 18, 2024
Citigroup, Inc., New York, New York -- consent order of assessment of a civil money penalty.
- Approved, July 10, 2024
Evolve Bancorp, Inc., and Evolve Bank & Trust, both of West Memphis, Arkansas -- issuance of a consent cease-and-desist order.
- Announced, June 14, 2024
Silvergate Capital Corporation and Silvergate Bank, both of La Jolla, California -- consent order of assessment of a civil money penalty.
- Approved, June 3, 2024
JPMorgan Chase & Co., New York, New York -- consent cease-and-desist order and assessment of a civil money penalty.
- Approved, March 6, 2024
Industrial and Commercial Bank of China, Beijing, People's Republic of China, and Industrial and Commercial Bank of China Ltd., New York Branch, New York, New York -- consent cease-and-desist order and assessment of a civil money penalty.
- Announced, January 19, 2024
Community Financial Services Bank, Benton, Kentucky -- consent order of prohibition against [Andrew Ellison,] a former institution-affiliated party.
- Announced, January 18, 2024
Farmers and Merchants Savings Bank, Cedar Rapids, Iowa -- consent cease-and-desist orders and assessment of civil money penalties against Jeffrey Hines, Randy Johnson, and Chad Kellogg, former institution-affiliated parties.
- Announced, January 11, 2024
Bank of Jackson Hole, Jackson, Wyoming -- consent order of prohibition against John Freeze, a former institution-affiliated party.
- Announced, January 11, 2024
Extensions Of Time
Secretary
A.N.B. Holding Company, Ltd., Terrell, Texas -- extension to January 25, 2025, to acquire additional shares of The ANB Corporation, Terrell, Texas.
- Granted, October 30, 2024
Secretary
Bank-Fintech Arrangements -- extension of the comment period until October 30, 2024, on the interagency request for information and comment on bank-fintech arrangements involving banking products and services distributed to consumers and businesses.
- Approved, September 12, 2024
Secretary
Maine Community Bancorp, MHC, and Maine Community Bancorp, Inc., both of Auburn, Maine -- extension to January 6, 2025, to complete the acquisition of Gorham Bancorp, MHC, and Gorham Bancorp, Inc., both of Gorham, Maine.
- Granted, August 23, 2024
Citigroup Inc., New York, New York -- extension of time to conform or divest a merchant banking investment.
- Granted, August 12, 2024
Secretary
Discover Financial Services, Riverwoods, Illinois -- extension of time to comply with certain regulatory reporting requirements.
- Granted, July 26, 2024
Secretary
Fedwire Funds Service (FFS) and National Settlement Service (NSS) -- extension of the comment period until September 6, 2024, on the proposal to expand the operating hours of the FFS and NSS.
- Approved, June 21, 2024
Secretary
Total Loss-Absorbing Capacity (TLAC) Rule -- extension of time for The Bank of New York Mellon Corporation and State Street Corporation to comply with the TLAC rule's clean holding company provisions with respect to certain covered agreements.
- Granted, June 20, 2024
Secretary
Total Loss-Absorbing Capacity (TLAC) Rule -- extension of time for Bank of America Corporation; Wells Fargo & Company; Citigroup, Inc.; The Goldman Sachs Group, Inc.; JPMorgan Chase & Company; and Morgan Stanley to comply with the TLAC rule's clean holding company provisions with respect to certain covered agreements.
- Granted, June 20, 2024
Morgan Stanley, New York, New York -- extension of time to conform or divest a merchant banking investment.
- Granted, May 30, 2024
Secretary
Capital One Financial Corporation, McLean, Virginia -- extension of comment period until May 31, 2024, for the application to acquire Discover Financial Services, Riverwoods, Illinois, and thereby indirectly acquire Discover Bank, Greenwood, Delaware.
- Granted, April 24, 2024
Morgan Stanley, New York, New York -- extensions of time to conform or divest two merchant banking investments.
- Granted, April 9, 2024
Secretary
UBS Group AG, Zurich, Switzerland -- extension of time to comply with the home-country capital stress testing requirements.
- Granted, March 12, 2024
Secretary
A.N.B. Holding Company Ltd., Terrell, Texas -- extension to April 12, 2024, to acquire additional shares [of The] ANB Corporation, Terrell, Texas.
- Granted, February 22, 2024
Secretary
JPMorgan Chase & Co., New York, New York -- extension of time to meet certain regulatory reporting requirements.
- Granted, February 5, 2024
Banks, Foreign
OakNorth Bank, plc, London, England -- to establish a representative office in New York, New York.
- Approved, August 23, 2024
Resona Bank, Limited, Osaka, Japan -- to establish a representative office in Los Angeles, California.
- Approved, July 19, 2024
General Counsel
CACEIS Bank, Montrouge, France -- request to consummate a foreign merger prior to submitting an application to establish a U.S. representative office that CACEIS Bank would assume through the merger.
- Approved, May 30, 2024
General Counsel
UBS AG, Zurich, Switzerland -- to establish a branch in New York, New York, as a result of the merger of UBS AG with Credit Suisse AG, Zurich, Switzerland, prior to final Board action on UBS AG's application to establish this branch in the United States.
- Approved, May 29, 2024
Forms
FR 2644 -- initial Board review to extend with revision the Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks.
- Approved, November 12, 2024
FR 2082 -- initial Board review to extend without revision the Registration of a Securities Holding Company.
- Approved, November 12, 2024
FR Y-9 -- final Board review to extend with revision the Financial Statements for Holding Companies (FR Y-9 reports).
- Approved, November 12, 2024
FR W -- initial Board review to extend without revision the Reporting and Recordkeeping Requirements Associated with Regulation W.
- Approved, November 12, 2024
FR 2956 -- final Board review to extend with revision the Treasury Securities and Agency Debt and Mortgage-Backed Securities Reporting Requirements.
- Approved, November 12, 2024
FR 2886b -- final Board review to extend with revision the Consolidated Report of Condition and Income for Edge and Agreement Corporations.
- Approved, November 12, 2024
FR Z -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with the Consumer Financial Protection Bureau's (CFPB's) Regulation Z.
- Approved, October 23, 2024
FR 4027 -- initial Board review to extend without revision the Recordkeeping Provisions Associated with the Guidance on Sound Incentive Compensation Policies.
- Approved, October 23, 2024
FR B -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with the Consumer Financial Protection Bureau's (CFPB's) Regulation B.
- Approved, October 23, 2024
FR K -- initial Board review to extend without revision the Recordkeeping Requirements of Regulation H and Regulation K Associated with the Procedures for Monitoring Bank Secrecy Act Compliance.
- Approved, October 23, 2024
FR HMDA LAR -- final Board review to extend without revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with the Consumer Financial Protection Bureau's (CFPB's) Home Mortgage Disclosure Act (HMDA) [Loan/Application] Register Required by Regulation C.
- Approved, October 23, 2024
FR Y-9 and FR Y-14A/Q/M -- initial Board review (1) to extend with revision the Financial Statements for Holding Companies (FR Y-9) and (2) to revise without extension the Capital Assessments and Stress Testing Reports (FR Y-14A/Q/M).
- Approved, September 27, 2024
FR 4001 -- initial Board review to extend without revision the Domestic Branch Application.
- Approved, September 27, 2024
FR 3075 -- initial Board review to extend without revision the Policy Impact Survey.
- Approved, September 27, 2024
FR 2052a -- initial Board review to extend without revision the Complex Institution Liquidity Monitoring Report.
- Approved, September 27, 2024
FR Y-8 -- initial Board review to extend without revision the Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates.
- Approved, September 27, 2024
FR 3052 -- initial Board review to extend without revision the Supervisory and Regulatory Survey.
- Approved, September 27, 2024
FR 1401 -- initial Board review to extend with revision the Application Form for Membership on the Community Advisory Council.
- Approved, September 25, 2024
FR 2420 -- initial Board review to extend with revision the Report of Selected Money Market Rates.
- Approved, September 25, 2024
FR 1400 -- initial Board review to extend with revision the Procurement Solicitation Package.
- Approved, September 25, 2024
FR 4029 -- final Board review to extend without revision the Interagency Guidance on Managing Compliance and Reputation Risks for Reverse Mortgage Products.
- Approved, September 25, 2024
FR K-1 -- final Board review to extend without revision the International Applications and Prior Notifications under Subparts A and C of Regulation K.
- Approved, July 23, 2024
FR Y-3F -- final Board review to extend with revision the Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company.
- Approved, July 23, 2024
FR Y-3, FR Y-3N, and FR Y-4 -- final Board review to extend with revision the Bank Holding Company Applications and Notifications.
- Approved, July 23, 2024
FR 3066 -- initial Board review to extend without revision the Federal Reserve Payments Study.
- Approved, July 23, 2024
FR K-2 -- final Board review to extend without revision the International Applications and Prior Notifications Under Subpart B of Regulation K.
- Approved, July 23, 2024
FR H-7 -- initial Board review to extend without revision the Disclosure Requirements of Subpart H of Regulation H (Consumer Protection in Sales of Insurance).
- Approved, July 23, 2024
FR 2064 -- final Board review to extend without revision the Recordkeeping Requirements Associated with Changes in Foreign Investments (Made Pursuant to Regulation K).
- Approved, July 23, 2024
FR YY -- final Board review to extend with revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY.
- Approved, July 23, 2024
FR 2023 -- final Board review to extend with revision the Senior Financial Officer Surveys.
- Approved, July 23, 2024
FR GG -- final Board review to extend without revision the Recordkeeping Requirements Associated with Regulation GG.
- Approved, July 23, 2024
FR M -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with the CFPB's Regulation M.
- Approved, July 23, 2024
FR 3059 -- final Board review to extend without revision the Survey of Consumer Finances.
- Approved, July 23, 2024
FR 4199 -- initial Board review to extend without revision the Basel II Interagency Pillar 2 Supervisory Guidance.
- Approved, July 23, 2024
FR G-1, FR G-2, FR G-3, FR G-4, FR T-4, and FR U-1 -- final Board review to extend with revision the Margin Credit Reports.
- Approved, June 25, 2024
FR 4202 -- final Board review to extend without revision the Recordkeeping Provisions Associated with Stress Testing Guidance.
- Approved, June 25, 2024
FR 2956 -- initial Board review to extend with revision the Treasury Securities and Agency Debt and Mortgage-Backed Securities.
- Approved, June 25, 2024
FR A -- final Board review to extend with revision the Reporting Requirements Associated with Emergency Lending Under Section 13(3).
- Approved, June 25, 2024
FR B -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Consumer Financial Protection Bureau's Regulation B.
- Approved, June 25, 2024
FR F -- final Board review to extend without revision the Recordkeeping Requirements Associated with Regulation F.
- Approved, June 25, 2024
FR Y-14A, FR Y-14Q, and FR Y-14M -- initial Board review to extend with revision the Capital Assessments and Stress Testing Reports.
- Approved, June 14, 2024
FR Z -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with the Consumer Financial Protection Bureau's Regulation Z.
- Approved, June 3, 2024
FR HMDA LAR -- initial Board review to extend without revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with the Consumer Financial Protection Bureau's Home Mortgage Disclosure Act (HMDA) Loan/Application Register Required by Regulation C.
- Approved, June 3, 2024
FR 2004 -- final Board review to extend with revision the Government Securities Dealers Reports.
- Approved, June 3, 2024
FR 2070 -- final Board review to extend without revision the Interagency Bank Merger Act Application.
- Approved, June 3, 2024
FR 2886b -- initial Board review to extend with revision the Consolidated Report of Condition and Income for Edge and Agreement Corporations.
- Approved, June 3, 2024
FR Y-7N, Y-7NS, and FR Y-7Q -- initial Board review to extend with revision the Reports of Foreign Banking Organizations.
- Approved, June 3, 2024
FR 2314, 2314S, Y-11, and Y-11S -- initial Board review to extend with revision the Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations and U.S. Nonbank Subsidiaries of U.S. Holding Companies.
- Approved, June 3, 2024
FR Y-9 and Y-9LP -- initial Board review to extend with revision the Financial Statements for Holding Companies.
- Approved, June 3, 2024
FR 2081a, 2081b, and 2081c -- final Board review to extend without revision the Interagency Notice of Change in Control, Interagency Notice of Change in Director or Senior Executive Officer, and Interagency Biographical and Financial Report.
- Approved, June 3, 2024
Deposit Reporting Threshold -- annual assessment, with the concurrence of the General Counsel, of the deposit reporting threshold for 2024 for the Weekly Report of Deposits (FR 2900).
- Approved, May 15, 2024
FR 4201 -- final Board review to extend with revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with the Market Risk Capital Rule (retitled Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation Q (Market Risk Capital Rule) (FR Q-2)).
- Approved, April 19, 2024
FR Y-3F -- initial Board review to extend with revision the Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company.
- Approved, April 19, 2024
FR Y-30 -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements and Provisions Associated with Real Estate Appraisal Standards.
- Approved, April 19, 2024
FR Y-3, FR Y-3N, and FR Y-4 -- initial Board review to extend with revision the Bank Holding Company Applications and Notifications.
- Approved, April 19, 2024
FR K-1 -- initial Board review to extend without revision the International Applications and Prior Notifications under Subparts A and C of Regulation K.
- Approved, April 19, 2024
FR WW -- final Board review to extend with revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation WW.
- Approved, April 19, 2024
FR 3063 -- final Board review to extend without revision the Government-Administered, General-Use Prepaid Card Survey: Issuer Survey.
- Approved, March 28, 2024
FR 2018 -- final Board review to extend without revision the Senior Loan Officer Opinion Survey on Bank Lending Practices.
- Approved, March 28, 2024
FR 2835, FR 2835a -- final Board review to extend without revision the Consumer Credit Reports.
- Approved, March 28, 2024
FR 3076 -- final Board review to extend without revision the Board Public Website Usability Surveys.
- Approved, March 28, 2024
FR 28 -- final Board review to extend without revision the Applications for Employment with the Board of Governors of the Federal Reserve System (FR 28a, FR 28s, FR 28i, and FR 28c).
- Approved, March 28, 2024
FR 2248 -- final Board review to extend without revision the Domestic Finance Company Report of Consolidated Assets and Liabilities.
- Approved, March 28, 2024
FR 4029 -- initial Board review to extend without revision the Interagency Guidance on Managing Compliance and Reputation Risks for Reverse Mortgage Products.
- Approved, March 25, 2024
FR YY -- initial Board review to extend with revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY.
- Approved, March 25, 2024
FR K-2 -- initial Board review to extend without revision the International Applications and Prior Notifications under Subpart B of Regulation K.
- Approved, March 25, 2024
FR LL -- final Board review to extend with revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation LL.
- Approved, March 25, 2024
FR 2064 -- initial Board review to extend without revision the Recordkeeping Guidance Associated with Changes in Foreign Investments Made Pursuant to Regulation K.
- Approved, March 25, 2024
FR Y-6, FR Y-7, FR Y-10, and FR Y-10E -- initial Board review to extend with revision the Structure Reporting and Recordkeeping Requirements for Domestic and Foreign Banking Organizations.
- Approved, March 25, 2024
FR 30 -- final Board review to implement the Whistleblower Intake Guide.
- Approved, March 4, 2024
FR M -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with the Consumer Financial Protection Bureau's Regulation M.
- Approved, February 28, 2024
FR DD -- final Board review to extend without revision the Disclosure Requirements Associated with the Consumer Financial Protection Bureau's Regulation DD.
- Approved, February 28, 2024
FR 2023 -- initial Board review to extend with revision the Senior Financial Officer Surveys.
- Approved, February 28, 2024
FR GG -- Initial Board review to extend without revision the Recordkeeping Requirements Associated with Regulation GG.
- Approved, February 28, 2024
FR 3059 -- initial Board review to extend without revision the Survey of Consumer Finances.
- Approved, February 28, 2024
FR A -- initial Board review to extend with revision the Reporting Requirements Associated with Emergency Lending Under Section 13(3).
- Approved, February 28, 2024
FR 4202 -- initial Board review to extend without revision the Recordkeeping Provisions Associated with Stress Testing Guidance.
- Approved, February 9, 2024
FR 4100 -- final Board review to extend without revision the Reporting, Recordkeeping, and Disclosure Provisions Associated with the Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice.
- Approved, February 9, 2024
FR G-1, G-2, G-3, G-4, T-4, and U-1 -- initial Board review to extend with revision the Margin Credit Reports.
- Approved, February 9, 2024
FR O -- final Board review to extend with revision the Recordkeeping and Disclosure Requirements Associated with Regulation O.
- Approved, February 9, 2024
FR 4035 -- final Board review to extend without revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with Rules Regarding Availability of Information.
- Approved, February 9, 2024
FR F -- initial Board review to extend without revision the Recordkeeping Requirements Associated with Regulation F.
- Approved, February 9, 2024
FR 2004 -- initial Board review to extend with revision the Government Securities Dealers Reports.
- Approved, January 22, 2024
FR R -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation R.
- Approved, January 22, 2024
FR H-3 -- final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation H (Securities Transactions by State Member Banks).
- Approved, January 22, 2024
FR H-5 -- final Board review to extend without revision the Recordkeeping Requirements Associated with Regulation H (Real Estate Lending Standards Regulation for State Member Banks).
- Approved, January 22, 2024
FR 2081a, b, and c -- initial Board review to extend without revision the Interagency Notice of Change in Control, Interagency Notice of Change in Director or Senior Executive Officer, and Interagency Biographical and Financial Report.
- Approved, January 22, 2024
FR 2070 -- initial Board review to extend without revision the Interagency Bank Merger Act Application.
- Approved, January 22, 2024
International Operations
Secretary
Huntington National Bank, Columbus, Ohio -- notice under 12 CFR 211.9(f) for Huntington Bank International, Inc., Columbus, Ohio, to make an investment in Huntington Commercial Finance New Zealand, LTD, Auckland, New Zealand.
- Reviewed and no objection, September 6, 2024
Banks, Nonmember, And Miscellaneous Institutions
General Electric Company, Fairfield, Connecticut, and its subsidiaries and affiliates -- relief from certain commitments.
- Granted, March 19, 2024
Secretary
USAA Federal Savings Bank, San Antonio, Texas -- location determination of master account at the Federal Reserve Bank of Dallas.
- Approved, February 27, 2024
Reserve Bank Operations
Federal Reserve Priced Services -- 2025 private-sector adjustment factor and fee schedules for priced services and electronic access.
- Approved, November 21, 2024
Federal Reserve Bank of St. Louis -- appointment of Francois Henriquez as First Vice President and Chief Operating Officer.
- Approved, August 2, 2024
Reserve Bank Directors -- appointment of directors for the Detroit Branch of the Federal Reserve Bank of Chicago and for the Omaha Branch of the Federal Reserve Bank of Kansas City.
- Approved, June 25, 2024
Federal Reserve Bank of Atlanta -- appointment of Cheryl Venable as first vice president and chief operating officer.
- Approved, June 18, 2024
Federal Reserve Bank of Cleveland -- appointment of Beth M. Hammack as president and chief executive officer.
- Approved, May 22, 2024
Reserve Bank Ethics Rules -- enforcement policy.
- Approved, March 25, 2024
Federal Reserve Bank of Boston -- appointment of Karen Pennell as first vice president and chief operating officer.
- Approved, February 22, 2024
Federal Reserve Bank Directors -- appointment of (1) a Class C director for the Kansas City Reserve Bank and (2) a director for the Los Angeles Branch of the San Francisco Reserve Bank.
- Approved, February 12, 2024
Financial Disclosure Form A -- amended.
- Approved, February 9, 2024
Federal Reserve Bank of St. Louis -- appointment of Alberto G. Musalem as president and chief executive officer.
- Approved, January 3, 2024
Regulations And Policies
Regulation D (Reserve Requirements of Depository Institutions) -- annual indexing of reserve requirement exemption amount and low reserve tranche for 2025.
- Approved, November 12, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, November 7, 2024
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, November 7, 2024
Secretary
Regulation I (Issue and Cancellation of Federal Reserve Bank Capital Stock) -- final rule to apply an inflation adjustment to the asset threshold at which banks are subject to different dividend rates for their Federal Reserve Bank stock.
- Approved, November 4, 2024
Prepaid Cards -- 2024 annual report to Congress on government-administered, general-use prepaid cards, in accordance with the Dodd-Frank Act, and revised 2023 report.
- Approved, October 30, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, October 7, 2024
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, October 7, 2024
Secretary
Regulation Z (Truth in Lending) -- final interagency determination of the 2025 threshold for exempting certain loans from special appraisal requirements for higher-priced mortgages.
- Approved, September 26, 2024
Secretary
Regulation M (Consumer Leasing) -- final interagency amendments to establish dollar thresholds that will apply for determining exempt consumer leases in 2025.
- Approved, September 25, 2024
Secretary
Regulation Z (Truth in Lending) -- final interagency amendments to establish dollar thresholds that will apply for determining exempt consumer credit transactions in 2025.
- Approved, September 25, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, September 10, 2024
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, September 10, 2024
General Counsel
Lending and Liquidity Facilities -- report to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, August 8, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, August 8, 2024
Resolution Plans -- (1) interagency final guidance on resolution plan submissions for domestic triennial full filers and foreign triennial full filers and (2) extension of the resolution plan submission deadline for these filers to October 1, 2025.
- Approved, August 2, 2024
Financial Data Transparency Act Joint Data Standards -- notice of proposed rulemaking and request for comment, published jointly with several other federal financial regulatory agencies.
- Approved, July 30, 2024
Bank-Fintech Arrangements -- interagency request for information and comment on bank-fintech arrangements involving banking products and services distributed to consumers and businesses.
- Approved, July 24, 2024
Regulatory Review -- interagency notice and request for comment on the second in a series of regulations for review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996, to include the categories of consumer protection; directors, officers, and employees; and money laundering.
- Approved, July 23, 2024
Bank Secrecy Act Compliance Programs -- interagency notice of proposed rulemaking and request for comment to amend requirements for supervised institutions related to anti-money-laundering and countering the financing of terrorism programs.
- Approved, July 17, 2024
Reconsiderations of Value -- interagency final guidance addressing reconsiderations of value for residential real estate transactions.
- Approved, July 11, 2024
Automated Valuation Models -- interagency final rule to implement quality control standards for the use of automated valuation models by mortgage originators and secondary market issuers.
- Approved, July 11, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, July 9, 2024
General Counsel
Lending and Liquidity Facilities -- report to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, July 9, 2024
Credit Card Plans -- annual report to Congress on the profitability of credit card operations of depository institutions.
- Approved, June 25, 2024
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, June 7, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, June 7, 2024
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, May 9, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, May 9, 2024
Secretary
Regulation CC (Availability of Funds and Collection of Checks) -- interagency final rule to make technical amendments to adjust for inflation the dollar amounts relating to the availability of customer funds.
- Approved, May 7, 2024
Creative Investment Research -- petition for rulemaking.
- Denied, May 3, 2024
Bank Policy Institute -- petition for rulemaking.
- Denied, May 3, 2024
Fedwire Funds Service and National Settlement Service (NSS) -- proposal and request for comment to expand the operating days of the Fedwire Funds Service and NSS.
- Approved, May 1, 2024
Director, Reserve Bank Operations and Payment Systems
Regulation HH (Designated Financial Market Utilities) -- incident notification procedures for designated financial market utilities.
- Approved, April 19, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, April 8, 2024
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, April 8, 2024
Reglation BB (Community Reinvestment) -- interagency combined interim final and final rule to extend the applicability date of certain provisions of the October 2023 Community Reinvestment Act final rule (CRA final rule) and make certain technical amendments to the CRA final rule and related regulations.
- Approved, March 20, 2024
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, March 8, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, March 8, 2024
Disaster-Related Appraisal Exceptions -- interagency statement and order granting temporary exceptions to certain appraisal requirements for real estate-related transactions in Maui County as affected by Hawaii wildfires.
- Approved, March 4, 2024
Regulation HH (Designated Financial Market Utilities) -- final rule amending the requirements relating to operational risk management to reflect changes in the operational risk, technology, and regulatory landscape in which designated financial market utilities operate.
- Approved, March 1, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, February 8, 2024
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, February 8, 2024
Regulatory Review -- interagency request for comment on the first in a series of regulations for review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996, to include applications and reporting, powers and activities, and international operations.
- Approved, January 22, 2024
Secretary
Debit Card Interchange Fees and Routing (Regulation II) -- extension of the comment period from [February 12,] 2024, to May 12, 2024, on the notice of proposed rulemaking.
- Approved, January 22, 2024
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, January 9, 2024
General Counsel
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve [Act in] response to COVID-19.
- Approved, January 9, 2024
Secretary
Rules of Practice for Hearings -- final rule adjusting the Board's civil money penalties to account for inflation.
- Approved, January 8, 2024
Banks, State Member
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
- Approved, November 22, 2024
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
- Approved, November 18, 2024
Secretary
The Northern Trust Company, Chicago, Illinois -- to make certain public welfare investments (two requests).
- Approved, October 29, 2024
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make certain public welfare investments (two requests).
- Approved, October 25, 2024
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
- Approved, October 8, 2024
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make certain public welfare investments (four requests).
- Approved, October 3, 2024
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to retain certain public welfare investments.
- Approved, September 20, 2024
Secretary
The Northern Trust Company, Chicago, Illinois -- to make certain public welfare investments (two requests).
- Approved, August 22, 2024
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make certain public welfare investments (three requests).
- Approved, July 19, 2024
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
- Approved, July 15, 2024
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
- Approved, June 21, 2024
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
- Approved, May 14, 2024
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
- Approved, May 1, 2024
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
- Approved, March 14, 2024
Secretary
First Financial Bank, Cincinnati, Ohio -- to make a public welfare investment.
- Approved, January 23, 2024
Personnel
Division of Management -- appointment of Melissa Catterall as assistant director.
- Approved, November 22, 2024
Division of Financial Management -- appointment of Rendell Jones as director and chief financial officer.
- Approved, November 7, 2024
Division of Reserve Bank Operations and Payment Systems -- appointment of Mouneer Ahmad as deputy associate director.
- Approved, October 30, 2024
Division of Reserve Bank Operations and Payment Systems -- appointment of Kimberly Zaikov as assistant director.
- Approved, October 23, 2024
Division of Information Technology -- appointment of Muazzam Ali as deputy associate director.
- Approved, October 20, 2024
Legal Division -- appointment of Michelle Kapoor as assistant general counsel.
- Approved, October 16, 2024
Legal Division -- appointment of Joshua Chadwick as assistant general counsel.
- Approved, October 16, 2024
Division of Board Members -- appointment of Eric Kollig and Kirk Schwarzbach as special assistants to the Board.
- Announced, August 5, 2024
Division of Monetary Affairs -- appointment of Kurt Lewis as adviser.
- Approved, July 30, 2024
Division of Reserve Bank Operations and Payment Systems -- appointment of Alyssa Arute as assistant director and manager.
- Approved, July 1, 2024
Division of Reserve Bank Operations and Payment Systems -- appointment of Sonia Irvine as assistant director and manager.
- Approved, July 1, 2024
Division of Reserve Bank Operations and Payment Systems -- appointment of Krzysztof Wozniak as assistant director and chief.
- Approved, July 1, 2024
Division of Reserve Bank Operations and Payment Systems -- appointment of Frederick Zevin as assistant director and manager.
- Approved, July 1, 2024
Division of International Finance -- appointment of Jennifer Crystal as deputy associate director.
- Approved, May 20, 2024
Division of Consumer and Community Affairs -- appointment of Susan Torzilli as assistant director.
- Approved, May 3, 2024
Office of the Secretary -- appointment of Benjamin McDonough as deputy secretary and ombuds.
- Approved, January 25, 2024
Division of Information Technology -- appointment of Arsema Dejene as assistant director.
- Approved, January 19, 2024
Division of Management -- appointment of Donald C. Hayes as associate director and chief of the Law Enforcement Unit.
- Approved, January 19, 2024
Division of Supervision and Regulation -- appointment of Margaret Sherry as deputy associate director.
- Approved, January 11, 2024
Savings and Loan Holding Companies
Secretary
Cumberland Federal Bank, FSB, Cumberland, Wisconsin -- issuance of a mutual holding company charter to CFB Mutual Holding Company and a stock holding company charter to its subsidiary, CFB Financial, Inc.
- Approved, August 21, 2024
Secretary
Oconee Federal, MHC, Seneca, South Carolina -- to amend its charter in relation to its acquisition of Mutual Savings Bank, F.A., Hartsville, South Carolina.
- Approved, January 29, 2024
Supervision and Regulation
KeyCorp, Cleveland, Ohio -- to make certain capital distributions under the capital plan rule.
- Approved, November 15, 2024
UBS Americas Holding LLC (UBS), New York, New York -- determination not to recalculate the stress capital buffer requirement for UBS.
- Approved, November 8, 2024
Capital One Financial Corporation, McLean, Virginia -- to make certain capital distributions under the capital plan rule.
- Approved, November 1, 2024
HSBC North America Holdings Inc., New York, New York -- request to treat a credit-linked note transaction as a synthetic securitization under Regulation Q.
- Approved, October 22, 2024
Citigroup Inc., New York, New York -- request to treat a credit-linked-note transaction and certain substantially identical credit-linked-note transactions as synthetic securitizations under Regulation Q.
- Approved, October 22, 2024
Stress Tests -- establishment of the as-of date for the global market shock component of the 2025 stress test.
- Approved, October 21, 2024
General Counsel
Barclays US LLC, New York, New York -- application for approval of a proposed internal debt "conversion trigger" that would allow the Board to order the conversion of Barclays US LLC's eligible [long-term] debt into common equity tier 1 capital, in accordance with the Board's TLAC (total-loss absorbing capacity) rule.
- Approved, September 27, 2024
UBS Americas Holding LLC, New York, New York -- to make capital distributions under the capital plan rule.
- Approved, September 26, 2024
Capital One Financial Corporation, McLean, Virginia -- to make certain capital distributions under the capital plan rule.
- Approved, September 11, 2024
JPMorgan Chase & Co., New York, New York -- request to treat a credit-linked-note transaction and certain substantially identical credit-linked-note transactions as synthetic securitizations under Regulation Q.
- Approved, August 26, 2024
Stress Tests -- (1) modification of the stress capital buffer requirement for The Goldman Sachs Group, Inc., in response to its request for reconsideration, and (2) recommendation to staff to explore potential revisions and refinements to inform continuing improvements in the stress testing methodology.
- Approved, August 22, 2024
Truist Financial Corporation (Truist), Charlotte, North Carolina -- determination not to recalculate the stress capital buffer requirement for Truist.
- Approved, July 16, 2024
UBS Americas Holding LLC, New York, New York -- to make certain capital distributions under the capital plan rule.
- Approved, June 28, 2024
Discover Financial Services, Riverwoods, Illinois -- to make certain capital distributions under the capital plan rule.
- Approved, June 28, 2024
Truist Financial Corporation, Charlotte, North Carolina -- to make certain capital distributions under the capital plan rule.
- Approved, June 28, 2024
Resolution Plans -- results of joint review of the 2023 resolution plans of the eight largest, most complex domestic banks.
- Approved, June 20, 2024
Financial Sector Liabilities -- announcement under Regulation XX of the aggregate consolidated liabilities of financial companies in effect from July 1, 2024, through June 30, 2025.
- Approved, June 13, 2024
Merchants Bancorp, Carmel, Indiana -- request to treat a credit-linked-note transaction and certain substantially identical credit-linked-note transactions as synthetic securitizations under Regulation Q.
- Approved, June 5, 2024
Truist Financial Corporation, Charlotte, North Carolina -- to make certain capital distributions under the capital plan rule.
- Approved, May 2, 2024
Ally Financial Inc., Detroit, Michigan, and Ally Bank, Sandy, Utah -- request to treat a credit-linked-note transaction and certain substantially identical credit-linked-note transactions as synthetic securitizations under Regulation Q.
- Approved, May 2, 2024
Discover Financial Services, Riverwoods, Illinois -- to make certain capital distributions under the capital plan rule.
- Approved, April 12, 2024
Main Index -- request by Credit Suisse Holdings (USA), Inc., for a determination regarding certain indexes for purposes of the Board's capital rule.
- Approved, March 26, 2024
Discover Financial Services, Riverwoods, Illinois -- to make certain capital distributions under the capital plan rule.
- Approved, March 22, 2024
Truist Financial Corporation, Charlotte, North Carolina -- to make certain capital distributions under the capital plan rule.
- Approved, March 15, 2024
Truist Financial Corporation, Charlotte, North Carolina -- request to treat a credit-linked-note transaction and certain substantially identical credit-linked-note transactions as synthetic securitizations under Regulation Q.
- Approved, March 12, 2024
Capital One Financial Corporation, McLean, Virginia -- to make certain capital distributions under the capital plan rule.
- Approved, March 1, 2024
Stress Tests -- issuance of hypothetical scenarios for 2024 stress tests.
- Approved, February 12, 2024
Resolution Plans -- interagency extension of the resolution plan submission deadline from July 1, 2024, to March 31, 2025, for certain large financial institutions.
- Approved, January 16, 2024
JPMorgan Chase & Co. (JPMC), New York, New York -- determination not to recalculate JPMC's stress capital buffer requirement.
- Approved, January 5, 2024
Other Actions
Discount Window and Intraday Credit -- request for information and comment on questions related to the operational aspects of Federal Reserve Bank extensions of discount window and intraday credit.
- Approved, September 3, 2024
Bank Term Funding Program (BTFP) -- adjustment of the interest rate applicable to new BTFP loans, effective immediately.
- Approved, January 23, 2024

Last Update: November 29, 2024