Board Actions

Actions taken during the week ending April 9, 2011

Testimony and Statements

Community Banking -- statement by Maryann Hunter, deputy director, Division of Banking Supervision and Regulation, before a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs regarding the challenges and opportunities facing community banks.
-Published, April 6, 2011

Banks, Foreign

Bank of Communications Co., Ltd., Shanghai, People's Republic of China -- to establish a limited branch in San Francisco, California.
-Approved, April 8, 2011

Forms

Forms -- initial Board review to extend without revision the Basel II Interagency Pillar 2 Supervisory Guidance (FR 4199).
-Proposed, April 4, 2011

Personnel

Management Division -- appointment of Richard A. Anderson as director of the division and as the Board's chief operating officer, effective April 18, 2011.
-Announced, April 7, 2011

Regulations and Policies

Margin and Capital Requirements for Swaps -- publication for comment of interagency proposed rules to establish margin and capital requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants, in accordance with the Dodd-Frank Act.
-Approved, April 8, 2011

Regulation Q (Prohibition Against Payment of Interest on Demand Deposits) -- publication for comment of proposed rule to repeal the regulation, in accordance with the Dodd-Frank Act.
-Announced, April 6, 2011

Regulation Y -- publication for comment of interagency proposed rules requiring that certain nonbank financial companies and bank holding companies submit a resolution plan ("living will") annually and a credit exposure report quarterly, in accordance with the Dodd-Frank Act.
-Approved, April 8, 2011

Enforcement

Tradition Bancshares, Inc., Houston, Texas, and Tradition Bank -- written agreement dated June 1, 2009, terminated April 4, 2011.
-Announced, April 7, 2011