Board Actions

Actions taken during the week ending January 12, 2019

Bank Holding Companies

First Busey Corporation, Champaign, Illinois -- to merge with The Banc Ed Corp., Edwardsville, and thereby indirectly acquire The Bank of Edwardsville.
-Approved, January 10, 2019

Forms

Forms -- final Board review to extend without revision the Supervisory and Regulatory Survey (FR 3052).
-Approved, January 10, 2019

Forms -- initial Board review to extend without revision the Registration of a Securities Holding Company (FR 2082).
-Proposed, January 10, 2019

Forms -- final Board review to extend without revision the Policy Impact Survey (FR 3075).
-Approved, January 10, 2019

Personnel

Division of Information Technology -- appointment of Glenn Eskow, Rajasekhar Yelisetty, and Sheryl Warren as senior associate directors; Deborah Prespare and Eric Turner as deputy associate directors; and Charles Young as associate director.
-Announced, January 9, 2019

Regulations and Policies

Stress Test Rules -- publication for comment of a notice of proposed rulemaking that would amend the Board's company-run and supervisory stress test rules, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.
-Approved, January 6, 2019

Reserve Bank Operations

Reserve Bank Directors -- designation of chairs and deputy chairs of the Federal Reserve Banks for 2019.
-Announced, January 9, 2019

Savings and Loan Holding Companies

Auto Club Trust, FSB, Dearborn, Michigan -- request for an exception from the anti-tying restrictions of the Home Owners' Loan Act.
-Granted, January 7, 2019

Enforcement

A.E. Bancorp, Inc., Buffalo Grove, Illinois -- written agreement dated July 1, 2010, terminated January 9, 2019.
-Announced, January 10, 2019

Commercial State Bank, Andrews, Texas -- issuance of a consent cease-and-desist order.
-Announced, January 8, 2019