Federal Reserve Board: H.2 Release for Week Ending August 8, 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 August 8, 2015, is below.

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

Category Action Taken
Forms Forms — initial Board review to extend without revision the recordkeeping and disclosure requirements associated with the regulations implementing the Fair Credit Reporting Act (Regulation V).

-Proposed, August 3, 2015

Monetary and Financial Policy Term Deposit Facility — floating-rate offerings of 14-day and 7-day term deposits on August 6 and August 13, respectively, each with an early withdrawal feature, same-day settlement, and a maximum tender amount of $5 billion.

-Announced, August 3, 2015

Regulations and Policies Regulation II (Debit Card Interchange Fees and Routing)publication of a clarification to provide further explanation of the inclusion of transaction-monitoring costs in the interchange fee standard.

-Approved, August 4, 2015

Enforcement Four Oaks Bank & Trust Company, Four Oaks, North Carolina — written agreement dated July 30, 2015, with the Federal Reserve Bank of Richmond.

-Announced, August 4, 2015

Four Oaks Fincorp, Inc., Four Oaks, North Carolina, and Four Oaks Bank & Trust Company — written agreement dated May 24, 2011, terminated July 30, 2015.

-Announced, August 4, 2015

OSB Community Bank, Brooklyn, Michigan — written agreement with the Federal Reserve Bank of Chicago and the Michigan Department of Insurance and Financial Services.

-Announced, August 6, 2015