Board Actions

Actions taken during the week ending October 19, 2019

Advisory Councils

Insurance Policy Advisory Committee -- announcement of the inaugural members of the council.
-Announced, October 16, 2019

Regulations and Policies

Credit Losses and Credit Risk Review -- publication for comment of proposed (1) Interagency Policy Statement on Allowances for Credit Losses and (2) Interagency Guidance on Credit Risk Review Systems.
-Approved, September 27, 2019
(A/C)

Uniform Financial Institutions Rating System (UFIRS) -- publication with request for comment of a joint Notice and Request for Information on the Application of UFIRS (commonly known as the CAMELS rating system).
-Approved, October 7, 2019
(A/C)

Enforcement

Southern Bancorp Bank, Arkadelphia, Arkansas -- issuance of a consent order of prohibition against Michael Joseph Erickson, a former institution-affiliated party of Southern Bancorp Bank.
-Announced, October 17, 2019