Board Actions

Morgan Stanley, New York, New York -- to acquire E*TRADE Financial Corporation, Arlington, Virginia, and thereby indirectly acquire E*TRADE Bank and E*TRADE Savings Bank.
-Approved, September 30, 2020

The Toronto-Dominion Bank, Toronto, Canada; and TD Group US Holdings LLC, Wilmington, Delaware -- to acquire shares of The Charles Schwab Corporation, San Francisco, California.
-Approved, September 30, 2020

Forms -- initial Board review to extend with revision the Financial Statements for Holding Companies (the FR Y-9 Reports) and Consolidated Report of Condition and Income for Edge and Agreement Corporations (FR 2886b).
-Approved, October 1, 2020

Capital Plans -- (1) notice of proposed rulemaking with request for comment to update the capital planning and related stress test requirements to reflect the prudential standards tailoring framework; (2) request for comment on the capital planning guidance; and (3) initial Board review to extend with revision the FR Y-14A/Q/M, FR LL, and FR YY reports.
-Approved, September 30, 2020

Intraday Credit -- (1) notice of extension until March 31, 2021, of the expiration date of temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks and (2) suspension of two information collections (FR 2225 and FR 2226) used to calculate net debit caps.
-Approved, September 30, 2020

Qualified Financial Contracts (QFCs) -- requests from the following banking organizations for an exemption from certain requirements of the Board's QFC stay rule for certain non-U.S., non-linked contracts: Bank of America Corporation; Citigroup Inc.; The Goldman Sachs Group, Inc.; JPMorgan Chase & Co.; Morgan Stanley; and Wells Fargo & Company.
-Granted, September 30, 2020

Qualified Financial Contracts (QFCs) -- requests from the following banking organizations for an exemption from certain requirements of the Board's QFC stay rule for certain custody services contracts: Bank of America Corporation; Bank of New York Mellon Corporation; Citigroup Inc.; JPMorgan Chase & Co.; and State Street Corporation.
-Granted in part and denied in part, September 30, 2020

Atlantic Community Bankers Bank, Camp Hill, Pennsylvania -- written agreement with the Federal Reserve Bank of Philadelphia.
-Announced, October 1, 2020

Habib Bank Limited, Karachi, Pakistan; and Habib Bank Limited New York Branch, New York, New York -- consent cease-and-desist order dated December 11, 2015, terminated September 22, 2020.
-Announced, September 29, 2020

Persons Banking Company, Inc., Macon, Georgia -- written agreement dated October 14, 2010, terminated September 22, 2020.
-Announced, September 29, 2020