Board Actions

Actions taken during the week ending August 17, 2019

Monetary and Financial Policy

Term Deposit Facility -- floating-rate offering of seven-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $250 million on August 22, 2019.
-Announced, August 15, 2019

Supervision and Regulation

Morgan Stanley (MS), New York, New York, and Mitsubishi UFJ Financial Group, Inc. (MUFG), Tokyo, Japan -- exemption for Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (a joint venture of MS and MUFG) and its subsidiary from requirements of the Board's rule regarding stays of qualified financial contracts.
-Granted, August 9, 2019
(A/C)

Enforcement

Farmers & Merchants Bank, Baldwyn, Mississippi -- issuance of a notice of intent to prohibit and a notice of intent to issue a cease-and-desist order requiring restitution or reimbursement, and assessment of a civil money penalty, against Carol Allen, former institution-affiliated party.
-Approved, August 9, 2019
(A/C)