Board Actions

Actions taken during the week ending June 23, 2012

Testimony and Statements

Bank Supervision and Risk Management -- statement by Scott G. Alvarez, general counsel, before the House Committee on Financial Services on bank supervision, risk management, and the Federal Reserve's response to trading losses recently incurred by JPMorgan Chase & Co.
-Published, June 19, 2012

Personnel

Management Division -- appointment of Dave Harmon as associate director and chief human capital officer, effective June 25, 2012.
-Approved, June 18, 2012

Regulations and Policies

Foreclosure Review and Remediation -- (1) interagency guidance on determining borrower remedies for financial injuries identified during an independent foreclosure review and (2) extension of the deadline for borrowers to request a free foreclosure review to September 30, 2012.
-Announced, June 21, 2012

Mortgage Servicing for Military Personnel -- interagency guidance concerning mortgage-servicing practices that may pose risks to homeowners serving in the military.
-Announced, June 21, 2012

Presidential $1 Coin Program -- annual report to Congress on the Presidential $1 Coin Program.
-Approved, June 22, 2012

Enforcement

Frontier National Corporation, Chelsea, Alabama -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, June 21, 2012

One Financial Corporation, Little Rock, Arkansas -- written agreement with the Federal Reserve Bank of St. Louis.
-Announced, June 21, 2012