Board Actions

Actions taken during the week ending April 21, 2012

Forms

Forms -- final Board review to extend with revision the Senior Loan Officer Opinion Survey on Bank Lending Practices (FR 2018) and the Senior Financial Officer Survey (FR 2023).
-Approved, April 16, 2012

Forms -- initial Board review to extend without revision the Suspicious Activity Report (FR 2230).
-Proposed, April 16, 2012

Regulations and Policies

Volcker Rule Conformance Period -- issuance of a policy statement clarifying the conformance period for an entity covered under the so-called Volcker Rule of the Dodd-Frank Act.
-Approved, April 16, 2012

Enforcement

Bank of New York Mellon, New York, New York -- issuance of a consent cease and desist order and assessment of a civil money penalty against the bank regarding allegations that it breached certain representations and warranties made in connection with its participation in the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility.
-Announced, April 16, 2012

Citizens Republic Bancorp, Inc., Flint, Michigan, and Citizens Bank -- written agreement dated July 28, 2010, terminated April 17, 2012.
-Announced, April 19, 2012