Board Actions

Too Big to Fail -- statement by Scott G. Alvarez, General Counsel, to a subcommittee of the House Committee on Financial Services on the provisions of the Dodd-Frank Act designed to address the increased risks posed by systemically important financial institutions and to ensure that no institution is "too big to fail."
-Published, April 16, 2013

Forms -- final Board review (1) to extend without revision the Written Security Program for State Member Banks (FR 4004), Funding and Liquidity Risk Management Guidance (FR 4198), Notice by Financial Institutions of Government Securities Broker or Government Securities Dealer Activities (FR G-FIN), and Notice by Financial Institutions of Termination of Activities as a Government Securities Broker or Government Securities Dealer (FR G-FINW) and (2) to extend with revision the Uniform Application for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (FR MSD-4) and Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (FR MSD-5).
-Approved, April 19, 2013

IT & S of Iowa, Inc., Oskaloosa, Iowa -- written agreement dated June 16, 2009, terminated April 15, 2013.
-Announced, April 18, 2013

Metropolitan Bank Group, Inc., Chicago, Illinois -- issuance of a consent cease and desist order.
-Announced, April 18, 2013