Board Actions

Physical Commodities Activities -- 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 Federal Reserve's supervision of financial institutions engaged in physical commodities activities.
-Published, January 15, 2014

Forms -- initial Board review (1) to extend with revision the Ad Hoc Payments Systems Survey (FR 3054a), Currency Functionality Survey (FR 3054d), and Consolidated Financial Statements for Holding Companies (FR Y-9C) and (2) to extend without revision the Currency Quality Sampling Survey (FR 3054b), Currency Quality Survey (FR 3054c), Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks (FR 2225), Report of Net Debit Cap (FR 2226), Parent Company Only Financial Statements for Large Holding Companies (FR Y-9LP), Parent Company Only Financial Statements for Small Holding Companies (FR Y-9SP), Financial Statements for Employee Stock Ownership Plan Holding Companies (FR Y-9ES), and Supplement to the Consolidated Financial Statements for Holding Companies (FR Y-9CS).
-Proposed, January 13, 2014

Division of Banking Supervision and Regulation -- appointment of Constance Horsley as assistant director and Fang Du and John Beebe as advisers.
-Approved, January 17, 2014

Physical Commodities Activities -- advance notice of proposed rulemaking requesting comment on various issues related to physical commodity activities conducted by financial holding companies and the restrictions imposed on these activities to ensure they are conducted in a safe and sound manner, consistent with applicable law.
-Approved, January 13, 2014

Trust Preferred Securities -- interagency interim final rule, with request for comment, to permit banking entities to retain interests in pooled investment vehicles that meet certain criteria and are backed primarily by trust preferred securities issued by community banking organizations.
-Approved, January 14, 2014

First Southwest Bancorporation, Inc., Alamosa, Colorado -- written agreement dated October 20, 2010, terminated January 9, 2014.
-Announced, January 14, 2014