Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Actions under delegated authority PDF
Actions taken during the week ending February 10, 2024
Bank Branches, Domestic
San Francisco
Bank of the Orient, San Francisco, California -- to establish a branch at 1423 Burlingame Avenue, Burlingame, California.
Approved: February 7, 2024
Banks, State Member
New York
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: February 7, 2024
Change in Bank Control
Kansas City
Community First Bancshares, Inc., Butler, Missouri -- the Bruce Jessup Trust, Bruce Jessup and Terrie Jessup, co-trustees, all of Butler, Missouri, to retain voting shares of Community First Bancshares, Inc., and thereby indirectly retain voting shares of Community First Bank, Butler, Missouri. Bruce Jessup was previously approved to control Community First Bancshares, Inc.
Permitted: February 5, 2024
First American Bancshares, Inc., Union Star, Missouri -- Rebecca Yarbrough, St. Joseph, Missouri, and Dallas Forrest, Columbia, Missouri, to form the Maudlin Family control group, a group acting in concert, to retain voting shares of First American Bancshares, Inc., and thereby indirectly retain voting shares of First Security Bank, Union Star, Missouri.
Permitted: February 8, 2024
Extensions of Time
Secretary
JPMorgan Chase & Co., New York, New York -- extension of time to meet certain regulatory reporting requirements.
Granted: February 5, 2024
Regulations and Policies
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
Approved: February 8, 2024
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: February 8, 2024
Savings and Loan Holding Companies
Secretary
Oconee Federal, MHC, Seneca, South Carolina -- to amend its charter in relation to its acquisition of Mutual Savings Bank, F.A., Hartsville, South Carolina.*
Approved: January 29, 2024
*Addition