Board Actions

Actions taken during the week ending March 19, 2022

Regulations and Policies

Rules of Practice and Procedure -- notice of proposed rulemaking and request for comment on (1) an interagency proposal to update policies and procedures governing administrative proceedings for supervised financial institutions and (2) proposed updates to additional rules applicable only to Board administrative proceedings.
-Approved, February 11, 2022
(A/C)

Reserve Bank Operations

Code of Conduct -- amendments to the Reserve Banks' Code of Conduct, the Guide to Conduct for Senior Officials, and the Employee Conduct policy to align with the revisions to the Program for Security of FOMC Information and the Investment and Trading Policy for FOMC Officials.
-Approved, March 9, 2022
(A/C)

Enforcement

Customers Bank, Phoenixville, Pennsylvania -- cease-and-desist order dated December 2, 2016, terminated March 15, 2022.
-Announced, March 17, 2022

Texico Bancshares Corporation and Texico State Bank, both of Texico, Illinois -- cease-and-desist order dated July 15, 2021, terminated March 16, 2022.
-Announced, March 17, 2022