Board Actions

Actions taken during the week ending September 2, 2017

Advisory Councils

Community Depository Institutions Advisory Council -- announcement of members and designation of Gilda M. Nogueira as president and Christopher D. Maher as vice president for 2018.
-Announced, August 30, 2017

Bank Holding Companies

Sterling Bancorp, Montebello, New York -- to acquire Astoria Financial Corporation, Lake Success, and thereby indirectly acquire Astoria Bank, a federal savings association, Long Island City.
-Approved, August 29, 2017

Board Operations

Fed History Vision Project -- for the Fed History Vision Phase II team to proceed with the "proof of concept" exercise.
-Approved, August 29, 2017

Forms

Forms -- final Board review to extend without revision the Notification of Nonfinancial Data Processing Activities (FR 4021).
-Approved, August 29, 2017

Forms -- final Board review to extend without revision the Government-Administered, General-Use Prepaid Card Surveys (FR 3063a and FR 3063b).
-Approved, August 30, 2017

Personnel

Division of Monetary Affairs -- appointment of Rochelle Edge as deputy director.
-Announced, September 1, 2017

Regulations and Policies

Regulations Q, WW, and YY -- final rule to enhance financial stability by requiring U.S. global systemically important banking institutions (GSIBs) and the U.S. operations of foreign GSIBs to amend qualified financial contracts to prevent their immediate cancellation or termination if the firm enters bankruptcy or a resolution process.
-Approved, September 1, 2017

Reserve Bank Services

Payment System -- to publish jointly with the Federal Reserve Banks a paper, Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey.
-Approved, August 29, 2017

Enforcement

Four Oaks Bank and Trust Company, Four Oaks, North Carolina -- issuance of a consent order of prohibition against James M. Riley, a former employee and institution-affiliated party.
-Announced, August 29, 2017

The State Bank of Geneva, Geneva, Illinois -- written agreement dated September 10, 2012, terminated August 29, 2017.
-Announced, August 30, 2017