Board Actions

Actions taken during the week ending April 18, 2020

Personnel

Division of Information Technology -- appointment of Jonathan Shrier and Virginia Wall as deputy associate directors and Mari Murphy as adviser.
-Announced, April 17, 2020

Regulations and Policies

Liquidity and Lending Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
-Approved, April 14, 2020

Regulation O (Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks) -- (1) interim final rule with request for comment to bolster the effectiveness of the Small Business Administration's Paycheck Protection Program and (2) temporary implementation of the Recordkeeping and Disclosure Requirements Associated with Regulation O (FR O).
-Approved, April 17, 2020

Enforcement

Amboy Bank, Old Bridge, New Jersey -- consent order of assessment of a civil money penalty pursuant to the National Flood Insurance Act.
-Announced, April 16, 2020

Bank of Clarke County, Berryville, Virginia -- consent order of assessment of a civil money penalty pursuant to the National Flood Insurance Act.
-Announced, April 16, 2020

SunSouth Bancshares, Inc., Dothan, Alabama -- written agreement dated September 20, 2013, terminated April 7, 2020.
-Announced, April 14, 2020