Board Actions

Coronavirus Aid, Relief, and Economic Security Act -- statement by Chair Powell before the House Committee on Financial Services on March 23 and the Senate Committee on Banking, Housing, and Urban Affairs on March 24, 2021.
-Published, March 23, 2021

Forms -- final Board review to extend with revision the Application for Employment with the Board of Governors of the Federal Reserve System, Applicant's Voluntary Self Identification Form, and Research Assistant Candidate Survey of Interests and Computer Experience (FR 28, FR 28s, FR 28i); and final Board review to extend without revision the Board Public Website Usability Surveys (FR 3076) and Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation BB (FR BB).
-Approved, March 23, 2021

Forms -- initial Board review to extend with revision the Complex Institution Liquidity Monitoring Report (FR 2052a); final Board review to extend without revision the Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans and Quarterly Report of Credit Card Plans (FR 2835, FR 2835a) and the Reporting, Recordkeeping, and Disclosure Requirements Associated with Rules Regarding Availability of Information (FR 4035).
-Approved, March 23, 2021

Management Division -- appointment of Stewart Carroll as assistant director.
-Approved, March 23, 2021

Artificial Intelligence -- publication of an interagency request for information and comment on the use of artificial intelligence by supervised institutions.
-Approved, March 23, 2021

Supervisory Guidance -- final rule outlining and confirming the use of supervisory guidance for regulated institutions.
-Approved, March 25, 2021

Farmers State Bank, Pine Bluffs, Wyoming -- issuance of a final decision and orders of prohibition against Frank E. Smith and Mark A. Kiolbasa, institution-affiliated parties.
-Approved, March 23, 2021

Orient Bancorporation, San Francisco, California; and Bank of the Orient -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, March 23, 2021

Texas Community Bank, Laredo, Texas -- consent order of prohibition against Adriana Montemayor, a former institution-affiliated party.
-Announced, March 25, 2021