Federal Reserve Board: H.2 Release for Week Ending October 10, 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 October 10, 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 Royal Bank of Canada, Montreal, Canada, and RBC USA Holdco Corporation, New York, New York — to acquire City National Corporation, Los Angeles, California, and thereby indirectly acquire City National Bank; election by RBC USA Holdco Corporation to become a financial holding company; and one-year extension of time for RBC USA Holdco Corporation to comply with the Board’s capital plan and stress-testing rules.
-Approved, October 5, 2015
Forms Forms — initial Board review to extend without revision the Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies (FR Y-12), Annual Report of Merchant Banking Investments Held for an Extended Period (FR Y-12A), Domestic Branch Notification (FR 4001), Suspicious Activity Report (FR 2230), and disclosure requirements of Subpart H of Regulation H (Reg H-7).
-Proposed, October 8, 2015
Personnel Division of Reserve Bank Operations and Payment Systems — appointment of Jennifer Chang as assistant director and Lisa Hoskins as senior adviser.
-Approved, October 5, 2015

[Separately, as covered on this blog, the Board’s legal cases page was updated to reflect that the plaintiffs in Artis v. Greenspan Bernanke Yellen, an employment discrimination case, filed an appeal with the U.S. Circuit Court of Appeals for the District of Columbia. (Board website update as of October 5, 2015.)]

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