Board Actions

Actions taken during the week ending November 21, 2015

Bank Holding Companies

Community Bank System, Inc., DeWitt, New York -- to acquire Oneida Financial Corp., Oneida, and thereby indirectly acquire Oneida Savings Bank and State Bank of Chittenango, Chittenango.
-Approved, November 17, 2015

Monetary and Financial Policy

Term Deposit Facility -- floating-rate offering of seven-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $5 billion on December 3, 2015.
-Announced, November 19, 2015

Regulations and Policies

Liquidity Coverage Ratio (LCR) -- publication for comment of a proposed rule to implement public disclosure requirements for depository institution holding companies and nonbank financial companies subject to the LCR requirements, and extension of compliance period for companies newly subject to the modified LCR rule.
-Approved, November 13, 2015
(A/C)

Enforcement

BNP Paribas S.A. (BNP), Paris, France -- request to select K2 Intelligence as an independent consultant to perform certain requirements under the June 30, 2014, enforcement action against BNP.
-Approved, November 20, 2015

Independent Foreclosure Review Payment Agreement -- redistribution plan for unclaimed funds under the agreement to eligible borrowers who have cashed or deposited checks.
-Approved, November 18, 2015

Jones Bancshares, L.P., Waycross, Georgia, and PrimeSouth Bancshares, Inc. -- written agreement issued July 12, 2011, terminated November 13, 2015.
-Announced, November 19, 2015

Regent Bancorp, Inc., Davie, Florida -- written agreement issued April 25, 2011, terminated November 10, 2015.
-Announced, November 19, 2015