Board Actions

Actions taken during the week ending November 15, 2014

Bank Holding Companies

Bank of America Corporation, Charlotte, North Carolina -- to acquire shares of its subsidiary, Merrill Lynch UK Holdings, London, England, and of Merrill Lynch UK's consolidated subsidiaries.
-Approved, November 12, 2014

First American Bank Corporation, Elk Grove Village, Illinois -- to acquire Bank of Coral Gables, Coral Gables, Florida, in connection with its merger with First American Bank, Elk Grove Village.
-Approved, November 12, 2014

Change in Bank Control

CNB Corporation, Cheboygan, Michigan -- to retain control of CNB Corporation and its subsidiary, Citizens National Bank of Cheboygan, Cheboygan.
-Permitted, November 12, 2014

Forms

Forms -- final Board review to revise without extension the Capital and Asset Report for Foreign Banking Organizations (FR Y-7Q).
-Approved, November 12, 2014

Monetary and Financial Policy

Term Deposit Facility -- fixed-rate offering of six-day term deposits with an early withdrawal feature and a maximum tender amount of $20 billion on November 17, 2014.
-Announced, November 13, 2014

Enforcement

Fox River Valley Bancorp, Inc., Appleton, Wisconsin -- written agreement issued October 21, 2011, terminated November 7, 2014.
-Announced, November 13, 2014

Monarch Community Bancorp, Inc., Coldwater, Michigan -- written agreement issued September 21, 2010, terminated November 7, 2014.
-Announced, November 13, 2014

PointBank, Pilot Point, Texas -- issuance of a consent order of assessment of a civil money penalty.
-Announced, November 13, 2014