Board Actions

Cross-Border Resolution -- statement by Michael S. Gibson, director, Division of Banking Supervision and Regulation, before a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs on the challenges to achieving an orderly cross-border resolution of a failed systemic financial firm.
-Published, May 15, 2013

Forms -- initial Board review to extend with revision the Notices of Failure to Meet Capital or Management Requirements (FR 4012) and to extend without revision the Declarations to Become a Financial Holding Company (FHC) (FR 4010), Requests for Determinations and Interpretations Regarding Activities Financial in Nature (FR 4011), Notices by State Member Banks to Invest in Financial Subsidiaries (FR 4017), Regulatory Relief Requests Associated with Merchant Banking Activities (FR 4019), and Recordkeeping Requirements Associated with Merchant Banking Activities (FR 4023).
-Proposed, May 15, 2013

Term Deposit Facility -- fixed-rate offering of 28-day term deposits with full allotment of tenders on May 20, 2013.
-Announced, May 15, 2013

Bank of Montreal, Montreal, Canada; Bank of Montreal Chicago Branch, Chicago, Illinois; and BMO Financial Corp., Wilmington, Delaware -- written agreement with the Federal Reserve Bank of Chicago and the Illinois Department of Financial and Professional Regulation, Division of Banking.
-Announced, May 17, 2013