Board Actions

Settlement Practices -- statement by Scott G. Alvarez, general counsel, before the House Committee on Financial Services on the Federal Reserve's enforcement program.
-Published, May 17, 2012

Systemically Important Financial Institutions and the Dodd-Frank Act -- statement by Michael S. Gibson, director, Division of Banking Supervision and Regulation, before a subcommittee of the House Committee on Financial Services on the implementation of the Dodd-Frank Act regarding systemically important nonbank financial companies.
-Published, May 16, 2012

Forms -- final Board review to extend without revision the Recordkeeping Requirements Associated with Changes in Foreign Investments (Made Pursuant to Regulation K) (FR 2064) and Notice Requirements in Connection with Regulation W (12 CFR Part 223 Transactions Between Member Banks and Their Affiliates).
-Approved, May 17, 2012

Forms -- final Board review to revise without extension the Capital Assessments and Stress Testing information collection (FR Y-14A and Y-14Q).
-Approved, May 17, 2012

Clarification on Stress Testing by Community Banks -- interagency statement to clarify that community banks are not required or expected to conduct the types of stress testing required of larger banking organizations.
-Announced, May 14, 2012

Credit Card Plans -- annual report to Congress on the profitability of credit card operations of depository institutions.
-Approved, May 17, 2012

Large Bank Stress Testing Guidance -- final interagency supervisory guidance on stress testing for banking organizations with more than $10 billion in total consolidated assets.
-Announced, May 14, 2012

BankTennessee Bancshares, Inc., Collierville, Tennessee, and BankTennessee -- written agreement dated March 25, 2010, terminated May 4, 2012.
-Announced, May 17, 2012

Grand Bankshares, Inc., West Palm Beach, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, May 15, 2012