Board Actions

First Bank Corp., Fort Smith, Arkansas -- to acquire Central Bancshares of Poteau, Inc. and indirectly acquire The Central National Bank of Poteau, both of Poteau, Oklahoma.
-Approved, July 9, 2021

Forms -- (1) initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with CFPB's Regulation B (FR B) and Reporting, Recordkeeping, and Disclosure Requirements Associated with the Home Mortgage Disclosure Act Loan/Application Register required by Regulation C (FR HMDA LAR) and (2) final Board review to extend without revision the Recordkeeping Requirements Associated with Regulation GG (FR GG) and Disclosure Requirements Associated with the CFPB's Regulation M (FR M).
-Approved, July 8, 2021

Monetary Policy Report -- semiannual report to Congress.
-Published, July 9, 2021

Division of Supervision and Regulation -- appointment of Kate Fulton as deputy director.
-Announced, July 8, 2021

Third-Party Risk Management -- proposed interagency guidance and request for comment on managing risks associated with third-party relationships.
-Approved, July 4, 2021

Stress capital buffer (SCB) requirements, supervisory stress tests, and capital distributions -- delegation of authority to the director of the Division of Supervision and Regulation and the director of the Division of Financial Stability, with the concurrence of the Vice Chair for Supervision, to provide firms subject to the capital plan rule with notice of their SCB requirement, an explanation of the results of the supervisory stress test, their final SCB requirement, and confirmation of their final planned capital distributions.
-Approved, June 21, 2021
(A/C)