Federal Reserve Board: H.2 Release for Week Ending July 25, 2015

The Federal Reserve Board (Board) publishes a weekly digest of its activities on its website. The digest is called the H.2 Release and is published every Thursday. The release for the week ending July 25, 2015 is below.

H.2 Release–Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received

Category Action Taken
Bank Holding Companies CIT Group, Inc., Livingston, New Jersey, and Carbon Merger Sub LLC, New York, New York — to acquire IMB Holdco LLC, Pasadena, California, and thereby indirectly acquire OneWest Bank, National Association.

-Approved, July 19, 2015

Banking Supervision & Regulation General Electric Capital Corporation (GECC), Norwalk, Connecticut — order to apply enhanced prudential standards and reporting requirements to GECC, a nonbank financial company that the Financial Stability Oversight Council has designated for Board supervision.

-Approved, July 20, 2015

Resolution Plans — joint Board and Federal Deposit Insurance Corporation guidance to 119 banking organizations concerning the updated resolution plans the firms will file in December 2015, in accordance with Regulation QQ and the Dodd-Frank Act.

-Approved, July 24, 2015

Resolution Plans — joint Board and Federal Deposit Insurance Corporation guidance concerning the updated resolution plans to be submitted in December 2015, under Regulation QQ and the Dodd-Frank Act, by American International Group, Inc., New York, New York; Prudential Financial, Inc., Newark, New Jersey; and General Electric Capital Corporation, Norwalk, Connecticut.

-Approved, July 24, 2015

Regulations and Policies Risk-Based Capital Surcharges (Regulation Q) — final rule to establish risk-based capital surcharges for global systemically important U.S. bank holding companies.

-Approved, July 20, 2015

Enforcement Atlantic Coast Financial Corporation, Jacksonville, Florida — supervisory agreement issued by the Office of Thrift Supervision dated December 10, 2010, terminated July 15, 2015.

-Announced, July 21, 2015

China Construction Bank Corporation, Beijing, People’s Republic of China; and China Construction Bank New York Branch, New York, New York — written agreement with the Federal Reserve Bank of New York and the New York State Department of Financial Services.

-Announced, July 21, 2015

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