Board Actions

Actions taken during the week ending February 15, 2014

Testimony and Statements

Monetary Policy -- statement by Chair Yellen before the House Committee on Financial Services on the semiannual monetary policy report to the Congress.
-Published, February 11, 2014

Regulations and Policies

Physical Commodities Activities -- advance notice of proposed rulemaking.
-Approved, January 14, 2014
(A/C)

Regulations DD (Truth in Savings), P (Privacy of Consumer Financial Information), and V (Fair Credit Reporting) -- publication for comment of (1) proposals to repeal Regulations DD and P and (2) technical amendments to provisions of Regulation V that require financial institutions and creditors to implement identity theft prevention programs.
-Approved, February 6, 2014
(A/C)

Reserve Bank Operations

Federal Reserve Bank of Cleveland -- appointment of Loretta J. Mester as president, effective June 1, 2014.
-Approved, February 10, 2014

Enforcement

First Security Bank of Malta, Malta, Montana -- prompt corrective action directive dated June 8, 2012, terminated February 7, 2014.
-Announced, February 14, 2014

First Trust Corporation, New Orleans, Louisiana -- written agreement dated June 5, 2012, terminated February 6, 2014.
-Announced, February 11, 2014