Board Actions

Regulation and Economic Growth -- statement by Vice Chairman for Supervision Quarles before the Senate Committee on Banking, Housing, and Urban Affairs on the Federal Reserve's implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
-Published, October 2, 2018

Bank Secrecy Act Compliance -- issuance of an interagency statement about banks and credit unions sharing resources to improve the efficiency and effectiveness of Bank Secrecy Act compliance.
-Announced, October 3, 2018

Presidential Coins -- Annual report to the Congress on the Presidential $1 Coin Program.
-Approved, September 19, 2018
(A/C)

Foreign Bank International Cash Services (FBICS) Program -- requests by the Federal Reserve Bank of New York under Regulation N (1) to establish a program (and standard agreement templates) to permit certain foreign banks to open limited-purpose accounts at the New York Reserve Bank for the purpose of distributing U.S. dollar banknotes internationally, and (2) to negotiate with foreign banks and related parties regarding participation in the program.
-Approved, September 18, 2018
(A/C)