Board Actions

Division of Reserve Bank Operations and Payment Systems -- appointment of Jennifer Liu, Jennifer Lucier, and David Mills as associate directors; Tim Maas as deputy associate director; Casey Clark, Jason Hinkle, and Nicholas Trotta as assistant directors and managers; and Mark Manuszak as assistant director and chief.
-Announced, March 25, 2019

Office of the Chief Operating Officer -- appointment of Patrick McClanahan as chief operating officer.
-Approved, March 29, 2019

Federal Reserve Policy on Payment System Risk -- amendments to part II of the Federal Reserve Policy on Payment System Risk concerning intraday credit provided by the Federal Reserve Banks to U.S. branches and agencies of foreign banking organizations.
-Approved, March 21, 2019
(A/C)

Office of Minority and Women Inclusion -- 2018 annual report to Congress, in accordance with the Dodd-Frank Act.
-Published, March 29, 2019

Regulation Q (Capital Adequacy of Bank Holding Companies, Savings and Loan Holding Companies, and State Member Banks) -- publication for comment of an interagency notice of proposed rulemaking to (1) require advanced approaches banking organizations to deduct from their regulatory capital certain investments in long-term debt issued by global systemically important banking organizations in order to reduce both interconnectedness within the financial system and systemic risk, and (2) modify related reporting requirements.
-Approved, March 21, 2019
(A/C)

Flood-Related Supervisory Practices -- interagency statement on supervisory practices regarding financial institutions and their customers affected by flooding in the Midwest.
-Announced, March 25, 2019

Resolution Plans -- issuance of joint letters with the Federal Deposit Insurance Corporation to 14 domestic large banking organizations (1) to issue expectations for their next resolution-plan submissions, (2) to inform Northern Trust Corporation that the shortcomings in its 2015 resolution plan have been satisfactorily addressed, and (3) to move the date for the next resolution-plan submission by Discover Financial Services to December 31, 2019.
-Approved, March 21, 2019
(A/C)

Stress Testing -- release of additional information on the Board's stress testing program, including changes intended to increase the transparency of its stress tests without compromising its ability to test the resiliency of the nation's largest banks.
-Announced, March 28, 2019

Barclays Bank PLC, New York Branch, New York, New York -- issuance of an order granting parties' joint motion to temporarily stay proceedings in the Board's enforcement action against Peter Little, a former institution-affiliated party, pending assignment of an administrative law judge.
-Approved, March 14, 2019
(A/C)