Board Actions

Banking Supervision -- statement by Michael R. Foley, senior associate director, Division of Banking Supervision and Regulation, before a subcomittee of the Senate Committee on Banking, Housing, and Urban Affairs on the supervision and examination of financial institutions and changes to the Board's supervisory policies and procedures in response to the recent financial crisis.
-Published, June 15, 2011

Capital and Liquidity Standards -- statement by Governor Tarullo before the House Committee on Financial Services on capital and liquidity standards and their relationship to international competitiveness.
-Published, June 16, 2011

Dodd-Frank Act and Derivatives -- statement by Michael S. Gibson, senior associate director, Division of Research and Statistics, before the Senate Committee on Agriculture, Nutrition, and Forestry regarding the implementation of title VII of the Dodd-Frank Act and the Board's responsibilities for over-the-counter derivatives.
-Published, June 15, 2011

Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan -- application to acquire up to 24.9 percent of the voting shares of Morgan Stanley, New York, New York, and indirectly acquire an interest in its subsidiary banks, Morgan Stanley Bank, National Association, Salt Lake City, Utah, and Morgan Stanley Private Bank, National Association, Purchase, New York, and in certain nonbanking operations of Morgan Stanley.
-Approved, June 14, 2011

Regulation B (Equal Credit Opportunity) -- publication for comment of a proposed rule to clarify that motor vehicle dealers temporarily are not required to comply with certain data collection requirements in the Dodd-Frank Act until the Board issues final regulations. 
-Approved, June 17, 2011

Heritage Commerce Corp., San Jose, California, and Heritage Bank -- written agreement dated February 17, 2010, terminated June 9, 2011.
-Announced, June 14, 2011

Northwest Bancorporation, Inc., Palatine, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, June 14, 2011