Board Actions

Actions taken during the week ending July 4, 2020

Testimony and Statements

Corona Virus and CARES Act -- statement by Chair Powell before the House Committee on Financial Services on the Federal Reserve's response to the coronavirus event.
-Published, June 30, 2020

Forms

Forms -- (1) temporary revisions to the Consolidated Financial Statements for Holding Companies (FR Y-9C); and (2) initial Board review to extend with revision the FR Y-9 family of reports.
-Approved, June 30, 2020

Forms -- (1) temporary revisions to the Capital Assessments and Stress Testing Reports (FR Y-14A/Q/M); and (2) initial Board review to extend with revision the FR Y-14A/Q/M.
-Approved, July 1, 2020

Monetary and Financial Policy

Primary Market Corporate Credit Facility -- updates to the facility.
-Approved, June 29, 2020

Personnel

Division of Management -- appointment of Curtis Eldridge as senior associate director, Ann Buckingham as associate director, and Katherine Perez as deputy associate director.
-Announced, July 2, 2020

Supervision and Regulation

Resolution Plans -- interagency (1) letters to the eight largest and most complex domestic firms to issue expectations for their next resolution-planning submissions and (2) review of "critical operations" of certain firms.
-Approved, June 29, 2020

Enforcement

Barclays Bank PLC, London, England; and Barclays Bank PLC, New York Branch, New York, New York -- cease-and-desist order dated May 20, 2015, terminated June 25, 2020.
-Announced, July 2, 2020

Benchmark Community Bank, Kenbridge, Virginia -- consent order of assessment of a civil money penalty pursuant to the National Flood Insurance Act.
-Announced, June 30, 2020

Peoples Bank, Lawrence, Kansas -- consent order dated November 28, 2017, terminated June 25, 2020.
-Announced, June 30, 2020

Putnam County Bank, Hurricane, West Virginia -- consent order of assessment of a civil money penalty pursuant to the National Flood Insurance Act.
-Announced, July 2, 2020