Board Actions

European Financial Situation -- statement by Steven B. Kamin, director, Division of International Finance, before the Senate Committee on Banking, Housing, and Urban Affairs on the economic situation in Europe and the Federal Reserve's response.
-Published, February 16, 2012

Capital One Financial Corporation, McLean, Virginia -- (1) request to acquire ING Bank, fsb, Wilmington, Delaware, and indirectly acquire ShareBuilder Advisors, LLC, Seattle, Washington, and ING Direct Investing, Inc., and (2) request by ING Groep N.V., Amsterdam, The Netherlands, for a determination that it would not be deemed to control Capital One.
-Approved, February 14, 2012

Forms -- initial Board review to revise without extension the Capital Assessments and Stress Testing information collection  (FR Y-14A/Q/M).
-Proposed, February 14, 2012

Division of Banking Supervision and Regulation -- appointment of Todd Vermilyea as senior associate director.
-Approved, February 14, 2012

Office of Inspector General -- appointment of J. Anthony Ogden as deputy inspector general.
-Approved, January 30, 2012
(A/C)

Commerce Bancshares, Inc., Franklin, Tennessee -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, February 14, 2012

Enforcement Actions -- issuance of consent orders of assessment of civil money penalties related to sanctions against five banking organizations (Bank of America Corporation; Citigroup Inc.; Ally Financial, Inc.; JPMorgan Chase & Co.; and Wells Fargo & Company) for unsafe and unsound processes and practices in residential mortgage loan servicing and processing.
-Announced, February 13, 2012