Board Actions

Actions taken during the week ending October 2, 2021

Testimony and Statements

Coronavirus and CARES Act -- statement by Chair Powell before the Senate Committee on Banking, Housing, and Urban Affairs on September 28 and the House Committee on Financial Services on September 30, 2021.
-Published, September 28, 2021

Forms

Forms -- initial Board review to extend with revision the Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks (FR 2644) and Disclosure Requirements of Subpart H of Regulation H (Consumer Protection in Sales of Insurance) (FR H-7); initial Board review to extend without revision the Application Form for Membership on the Community Advisory Council (FR 1401); final Board review to extend with revision the Report of Selected Money Market Rates (FR 2420); and final Board review to extend without revision the Supervisory and Regulatory Survey (FR 3052) and Policy Impact Survey (FR 3075).
-Approved, September 29, 2021

Personnel

Division of Supervision and Regulation -- appointment of Uzma Wahhab as associate director.
-Announced, September 30, 2021

Regulations and Policies

Fedwire® Funds Service -- notice of the Federal Reserve Banks' adoption of the ISO® 20022 message format and request for comment on a proposal to expedite adoption.
-Approved, September 30, 2021

Enforcement

The Bank & Trust, S.S.B., Del Rio, Texas -- cease-and-desist order dated August 18, 2017, terminated September 17, 2021.
-Announced, September 23, 2021
(A/C)

Simmons Bank, Pine Bluff, Arkansas -- consent order of prohibition against Brent Harness, a former institution-affiliated party.
-Announced, September 23, 2021
(A/C)

UBS AG, Zurich, Switzerland, and UBS AG, Stamford Branch, Stamford, Connecticut -- cease-and-desist order dated May 20, 2015, terminated September 23, 2021.
-Announced, October 1, 2021