Board Actions

Actions taken during the week ending July 30, 2016

Bank Holding Companies

Huntington Bancshares Incorporated, Columbus, Ohio -- to merge with FirstMerit Corporation, Akron, and thereby indirectly acquire FirstMerit Bank, N.A.
-Approved, July 28, 2016

Banking Supervision & Regulation

Resolution Plans -- approval of letters, issued jointly with the Federal Deposit Insurance Corporation, to extend the filing date for the 2016 resolution plan submissions of 38 firms to December 31, 2017.
-Approved, July 27, 2016

Forms

Forms -- final Board review to extend without revision the Report of Selected Balance Sheet Items for Discount Window Borrowers (FR 2046) and to extend with revision the Payments Research Survey (FR 3067).
-Approved, July 28, 2016

Regulations and Policies

Margin and Capital Requirements for Covered Swap Entities -- interagency final rule to exempt certain commercial and financial end users from margin requirements for certain swaps not cleared through a clearinghouse, in accordance with the Terrorism Risk Insurance Program Reauthorization Act.
-Approved, July 18, 2016
(A/C)

Enforcement

CCF Holding Company, Jonesboro, Georgia -- written agreement dated October 19, 2010, terminated July 22, 2016.
-Announced, July 28, 2016

Columbus Junction State Bank, Columbus Junction, Iowa -- issuance of consent orders of prohibition against Thomas H. Huston and T. Mark Huston, former institution-affiliated parties of Columbus Junction State Bank, a former state member bank.
-Announced, July 28, 2016