Board Actions

Actions taken during the week ending July 18, 2015

Testimony and Statements

Monetary Policy -- statement by Chair Yellen before the House Committee on Financial Services on July 15 and the Senate Committee on Banking, Housing, and Urban Affairs on July 16, 2015, on the semiannual monetary policy report to the Congress.
-Published, July 15, 2015

Bank Holding Companies

Cathay General Bancorp, Los Angeles, California -- to acquire Asia Bancshares, Inc., Flushing, New York, and thereby indirectly acquire Asia Bank, National Association.
-Approved, July 16, 2015

Forms

Forms -- final Board review to extend with revision the Report of Selected Money Market Rates (FR 2420).
-Approved, July 14, 2015

Forms -- final Board review (1) to extend with revision the Report of Transaction Accounts, Other Deposits and Vault Cash (FR 2900); and (2) to extend without revision the Annual Report of Deposits and Reservable Liabilities (FR 2910a), Report of Foreign (Non-U.S.) Currency Deposits (FR 2915), Allocation of Low Reserve Tranche and Reservable Liabilities Exemption (FR 2930), Supervisory and Regulatory Survey (FR 3052), and Consumer Financial Stability Surveys (FR 3053).
-Approved, July 16, 2015

Forms -- initial Board review (1) to extend without revision the Registration of a Securities Holding Company (FR 2082) and (2) to extend with revision the Request for Proposal (RFP) and Request for Price Quotations (RFPQ).
-Proposed, July 16, 2015

Personnel

Division of Financial Management -- appointment of Stephen J. Bernard as deputy director.
-Approved, July 16, 2015

Regulations and Policies

Prepaid Cards -- annual report to Congress on government-administered, general-use prepaid cards, in accordance with the Dodd-Frank Act.
-Approved, July 6, 2015
(A/C)

Regulations Y (Bank Holding Companies and Change in Bank Control) and YY (Enhanced Prudential Standards) -- publication for comment of a proposed rule to revise the capital plan and stress test rules for large bank holding companies and certain banking organizations with total consolidated assets of more than $10 billion, to take effect for the 2016 capital plan and stress test cycles.
-Approved, July 16, 2015

Enforcement

Raton Capital Corporation, Raton, New Mexico -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, July 14, 2015

Village Bancshares, Inc., St. Francis, Minnesota -- written agreement dated December 1, 2010, terminated July 8, 2015.
-Announced, July 14, 2015