Board Actions

Division of Monetary Affairs -- appointment of Laura Lipscomb as assistant director and Edward Nelson as senior adviser.
-Announced, March 21, 2017

Management Division -- appointment of Winona Varnon as deputy director and David Capp as senior adviser.
-Approved, March 22, 2017

Resolution Plans -- joint Board and Federal Deposit Insurance Corporation guidance on the resolution planning requirements of the Dodd-Frank Act for four foreign banking organizations (FBOs) (Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, and UBS AG); and extension to July 1, 2018, of the FBOs' 2016 and 2017 resolution plan submission dates.
-Approved, March 22, 2017

Resolution Plans -- joint Board and Federal Deposit Insurance Corporation feedback on the December 2015 resolution plans of 16 domestic banking organizations; and instructions and guidance for the development of the firms' December 2017 resolution plans, in accordance with the Dodd-Frank Act.
-Approved, March 22, 2017

HCSB Financial Corporation, Loris, South Carolina -- written agreement issued May 9, 2011, terminated March 21, 2017.
-Announced, March 23, 2017

Santander Holdings USA, Inc., Boston, Massachusetts; and Santander Consumer USA Inc., Dallas, Texas -- written agreement with the Federal Reserve Bank of Boston.
-Announced, March 23, 2017