Board Actions

BNC Bancorp, High Point, North Carolina -- to merge with High Point Bank Corporation, High Point, and thereby indirectly acquire High Point Bank and Trust Company.
-Approved, October 14, 2016

Forms -- initial Board review to extend without revision certain filings related to the Gramm-Leach-Bliley Act: Declarations to Become a Financial Holding Company (FR 4010), Requests for Determinations and Interpretations Regarding Activities Financial in Nature (FR 4011), Notices of Failure to Meet Capital or Management Requirements (FR 4012), Notices by State Member Banks to Invest in Financial Subsidiaries (FR 4017), Regulatory Relief Requests Associated with Merchant Banking Activities (FR 4019), and Recordkeeping Requirements Associated with Merchant Banking Activities (FR 4023).
-Proposed, October 12, 2016

Forms -- final Board review to extend with revision the Annual Report of Holding Companies (FR Y-6), Annual Report of Foreign Banking Organizations (FR Y-7), and Report of Changes in Organizational Structure (FR Y-10), and to extend without revision the Supplement to the Report of Changes in Organizational Structure (FR Y-10E).
-Approved, October 13, 2016

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 October 20, 2016.
-Announced, October 13, 2016