Board Actions

Community Advisory Council -- announcement of four new members of the council.
-Announced, December 7, 2016

Board Budgets and Division and Committee Name Changes -- (1) Board operating and capital budgets for 2017 and (2) change in the names of the Division of Banking Supervision and Regulation to the Division of Supervision and Regulation and of the Board's Committee on Bank Supervision to Committee on Supervision and Regulation.
-Approved, November 18, 2016
(A/C)

Office of Inspector General -- 2017 budget.
-Approved, December 5, 2016

Forms -- final Board review to extend with revision the interagency Joint Standards for Assessing Diversity Policies and Practices (FR 2100).
-Approved, December 5, 2016

Division of Financial Stability -- appointment of Andreas Lehnert as director and Nellie Liang as senior adviser.
-Approved, December 7, 2016

"Illiquid Fund" Investments Guidance -- statement of policy establishing a simplified and streamlined process under which banking entities may seek an extension for the transition period to divest or conform their investments in a narrow class of funds that qualify as "illiquid funds" under section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule.
-Approved, December 7, 2016

Capital Requirements for U.S.-Based Global Systemically Important Bank Holding Companies (GSIBs) -- (1) final rule to make clarifying and technical revisions to the Board's rule regarding risk-based capital surcharges for GSIBs and (2) interim final rule with request for comment to provide certain firms with additional time to complete a portion of a related reporting form.
-Approved, December 6, 2016

Eligibility for 18-Month Examination Cycle -- interagency final rules that increase the number of small banks and savings associations and U.S. branches and agencies of foreign banks eligible for an 18-month rather than a 12-month examination cycle.
-Approved, November 29, 2016
(A/C)

Savings and Loan Holding Companies -- publication for comment of proposal to fully apply the same supervisory rating system to savings and loan holding companies as currently applies to bank holding companies.
-Approved, December 8, 2016

Federal Reserve Bank Budgets -- operating and capital budgets for the Federal Reserve Banks, Federal Reserve Information Technology, and Office of Employee Benefits for 2017.
-Approved, December 2, 2016
(A/C)

JCO Ventures, LLC, Union, South Carolina; JCO Partners, L.P.; JCO Partners II, L.P.; HAO Management Company, LLC; HAO Partners, L.P.; HAO Partners II, L.P.; Frances W. Arthur Irrevocable Trust No. 2 for the Benefit of Frances Oxner Jorgenson; FOJ Management Company, LLC; FOJ Partners, L.P.; FOJ Partners II, L.P.; and Arthur Financial Corporation -- written agreement dated August 31, 2011, terminated December 1, 2016.
-Announced, December 6, 2016