Board Actions

Actions taken during the week ending July 15, 2017

Testimony and Statements

Monetary Policy -- statement by Chair Yellen before the House Committee on Financial Services on July 12 and the Senate Committee on Banking, Housing, and Urban Affairs on July 13, 2017, on the semiannual monetary policy report to the Congress.
-Published, July 12, 2017

Bank Branches, Domestic

Regions Bank, Birmingham, Alabama -- to establish a total of 19 branches in Georgia, Indiana, Missouri, Tennessee, and Texas.
-Approved, July 14, 2017

Forms

Forms -- initial Board review to extend with revision the Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies (FR Y-11); Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies (FR Y-11S); Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314); and Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314S).
-Proposed, July 10, 2017

Forms -- initial Board review to extend with revision the Consolidated Financial Statements for Holding Companies (FR Y-9C), Parent Company Only Financial Statements for Large Holding Companies (FR Y-9LP), Parent Company Only Financial Statements for Small Holding Companies (FR Y-9SP), Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y-7N), and Consolidated Report of Condition and Income for Edge and Agreement Corporations (FR 2886b).
-Proposed, July 10, 2017

Regulations and Policies

Appraisal Requirements -- publication for comment of a proposed interagency rule to increase the dollar threshold at or below which appraisals are not required for commercial real estate transactions.
-Approved, July 14, 2017

Regulatory Flexibility Act and Small-Entity Compliance Guides -- (1) principles for a handbook on the act and the development of compliance guides and (2) related delegations to approve and publish the guides and submit required reports to Congress.
-Approved, July 14, 2017

Enforcement

BNP Paribas S.A., Paris, France; BNP Paribas USA, Inc., New York, New York; and BNP Paribas Securities Corp. -- issuance of a consent cease-and-desist order and assessment of a civil money penalty.
-Approved, June 26, 2017
(A/C)