Board Actions

Actions taken during the week ending June 30, 2012

Testimony and Statements

Mobile Payments -- statement by Stephanie Martin, associate general counsel, before a subcommittee of the House Committee on Financial Services on the regulation of mobile payments.
-Published, June 29, 2012

Banking Supervision & Regulation

Resolution Plans -- interagency process for receiving and evaluating the initial resolution plans ("living wills") from the largest banking organizations operating in the United States.
-Announced, June 29, 2012

Forms

Forms -- initial Board review to extend with revision the Capital Assessments and Stress Testing information collection (FR Y-14A/Q/M).
-Proposed, June 28, 2012

Monetary and Financial Policy

Term Asset-Backed Securities Loan Facility -- agreement with the Department of the Treasury regarding a reduction of credit protection provided for the TALF under the Troubled Asset Relief Program.
-Approved, June 27, 2012

Regulations and Policies

Host-State Lending Ratios -- interagency release of the host-state loan-to-deposit ratios used by the banking agencies to determine compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act.
-Published, June 29, 2012

Enforcement

Crown Bankshares, Inc., Edina, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, June 26, 2012

Delmar Bancorp, Salisbury, Maryland -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, June 26, 2012

Village Bank and Trust Financial Corp., Midlothian, Virginia -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, June 28, 2012