Board Actions

Actions taken during the week ending December 19, 2020

Advisory Councils

Community Advisory Council -- five new members of the council.
-Announced, December 17, 2020

Community Depository Institutions Advisory Council -- members and designation of Dorothy A. Savarese as president for 2021.
-Announced, December 17, 2020

Extensions of Time

SVB Financial Group, Santa Clara, California -- extension of the Volcker rule conformance period with respect to certain investments of a newly acquired subsidiary.
-Granted, December 18, 2020

Forms

Forms -- Final Board review to extend with revision the Reports of Deposits (FR 2900 and 2915).
-Approved, December 17, 2020

Forms -- (1) initial Board review to extend with revision the Interagency Notice of Change in Control (FR 2081a), Interagency Notice of Change in Director or Senior Executive Officer (FR 2081b), and Interagency Biographical and Financial Report (FR 208c), and to extend without revision the Margin Credit Reports (FR G-1, FR G-2, FR G-3, FR G-4, FR T-4, FR U-1) and Interagency Bank Merger Act Application (FR 2070); and (2) final Board review to extend with revision the Notifications Related to Community Development and Public Welfare Investments of State Member Banks (FR H-6).
-Approved, December 17, 2020

Regulations and Policies

Computer-Security Incident Notifications -- interagency notice of proposed rulemaking with request for comment on computer-security incident notification requirements for banking organizations and their bank service providers.
-Approved, December 17, 2020

Countercyclical Capital Buffer (CCyB) -- to affirm at 0 percent the current CCyB for U.S.-based private-sector credit exposures.
-Approved, December 18, 2020

Global Insurance Forums -- annual report, "Efforts of the U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System with respect to Global Insurance Regulatory or Supervisory Forums."
-Published, December 18, 2020

Supervision and Regulation

Stress Tests -- (1) revised authorization for firms with $100 billion or more in total assets to make capital distributions in the first quarter of 2021, and (2) extension of time to notify such firms of whether the Board will recalculate their stress capital buffer requirements.
-Approved, December 17, 2020