Board Actions

Actions taken during the week ending September 10, 2016

Personnel

Division of Consumer and Community Affairs -- appointment of V. Nicole Bynum as deputy director.
-Approved, August 31, 2016
(A/C)

Regulations and Policies

Activities and Investments of Banking Entities -- interagency report, with recommendations, to Congress and the Financial Stability Oversight Council concerning activities and investments of supervised banking entities, in accordance with the Dodd-Frank Act.
-Announced, September 8, 2016

Countercyclical Capital Buffer -- final policy statement describing the framework the Board will follow in setting the countercyclical capital buffer for U.S.-based credit exposures.
-Approved, September 6, 2016

Enforcement

FirstFed Bancorp, Inc. Employee Stock Ownership Plan, Bessemer, Alabama, and FirstFed Bancorp, Inc. -- written agreement dated June 27, 2011, terminated September 1, 2016.
-Announced, September 6, 2016