Board Actions

Actions taken during the week ending February 18, 2017

Testimony and Statements

Monetary Policy -- statement by Chair Yellen before the Senate Committee on Banking, Housing, and Urban Affairs on February 14 and the House Committee on Financial Services on February 15, 2017, on the semiannual monetary policy report to the Congress.
-Published, February 14, 2017

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 $1 billion on February 23, 2017.
-Announced, February 16, 2017

Savings and Loan Holding Companies

John Deere Financial, f.s.b., Madison, Wisconsin -- request for an exception from anti-tying restrictions of the Home Owners' Loan Act in order to continue to offer promotional financing arrangements through its private-label credit cards to customers who purchase products manufactured by its affiliates.
-Granted, February 14, 2017

Enforcement

West Tennessee Bancshares, Bartlett, Tennessee, and Bank of Bartlett -- written agreement dated October 22, 2009, terminated February 13, 2017.
-Announced, February 16, 2017