Board Actions

Actions taken during the week ending May 24, 2014

Monetary and Financial Policy

Term Deposit Facility -- fixed-rate offering of seven-day term deposits with a maximum tender amount of $5 billion on May 27, 2014.
-Announced, May 22, 2014

Regulations and Policies

Regulations DD (Truth in Savings), P (Privacy of Consumer Information), and V (Fair Credit Reporting) -- publication of final rules to (1) repeal Regulations DD and P, in accordance with the transfer of rulemaking authority to the Consumer Financial Protection Bureau under the Dodd-Frank Act, and (2) amend provisions of Regulation V that require financial institutions to implement identity theft prevention programs.
-Approved, May 20, 2014

Enforcement

First Banks, Inc., St. Louis, Missouri; The San Francisco Company, Clayton; and First Bank, Creve Coeur -- written agreement issued March 24, 2010, terminated May 19, 2014.
-Announced, May 22, 2014

TCM Company, Crete, Nebraska -- written agreement dated February 1, 2010, terminated May 13, 2014.
-Announced, May 20, 2014

Tonganoxie Bankshares, Inc., Tonganoxie, Kansas -- written agreement issued March 8, 2011, terminated May 14, 2014.
-Announced, May 20, 2014

Western Bank, Lordsburg, New Mexico -- issuance of a consent order of assessment of a civil money penalty.
-Announced, May 20, 2014