Board Actions

Supervision and Regulation -- semiannual statement by Vice Chairman for Supervision Quarles before the House Committee on Financial Services on November 14 and the Senate Committee on Banking, Housing, and Urban Affairs on November 15, 2018, on the Federal Reserve's regulation and supervision of financial institutions.
-Published, November 14, 2018

Forms -- final Board review to extend with revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with the Home Mortgage Disclosure Act (HMDA) and Loan/Application Register (LAR) required by Regulation C (FR HMDA LAR).
-Approved, November 14, 2018

Forms -- final Board review to revise without extension the capital assessments and stress testing information collection (FR Y-14A/Q/M). 
-Approved, November 14, 2018

Regulation CC (Availability of Funds and Collection of Checks) -- publication of an interagency proposed rule to (1) request comment on a calculation methodology for indexing the dollar amounts in the Expedited Funds Availability Act (EFA Act), (2) reopen the comment period on amendments to subpart B of Regulation CC proposed by the Board in 2011, and (3) implement coverage and other technical amendments under the Economic Growth, Regulatory Relief, and Consumer Protection Act to the EFA Act.
-Approved, November 14, 2018

Regulation J (Collection of Checks and Other Items by Federal Reserve Banks and Fund Transfers Through Fedwire) -- publication of a final rule to simplify certain provisions, remove obsolete provisions, and make conforming amendments to align the regulation with the Board's 2017 amendments to Regulation CC.
-Approved, November 14, 2018

Federal Reserve Priced Services -- 2019 private sector adjustment factor and fee schedules for priced services and electronic access.
-Approved, November 14, 2018

Disaster-Related Supervisory Practices -- interagency statement on supervisory practices regarding financial institutions and their customers affected by the California wildfires.
-Announced, November 15, 2018

Société Générale S.A., Paris, France -- issuance of a consent cease-and-desist order and an order of assessment of a civil money penalty for unsafe and unsound practices resulting in the violation of U.S. economic sanctions.
-Approved, October 19, 2018
(A/C)

The First State Bank of Dongola, Dongola, Illinois -- issuance of a consent order of assessment of a civil money penalty.
-Announced, November 13, 2018