Federal Reserve Board: H.2 Release for Week Ending December 26, 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 December 26, 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 BB&T Corporation, Winston-Salem, North Carolina — to merge with National Penn Bancshares, Inc., Allentown, Pennsylvania, and thereby indirectly acquire National Penn Bank.

-Approved, December 22, 2015


Forms Forms — final 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).

-Approved, December 23, 2015



Regulations and Policies Countercyclical Capital Buffer — publication for comment of a proposed policy statement on the framework the Board would follow in setting the countercyclical capital buffer (CCyB); and affirmation of the CCyB amount at the current level of 0 percent.

-Approved, December 21, 2015

Enforcement Calumet County Bank, Brillion, Wisconsin — written agreement with the Federal Reserve Bank of Chicago and the State of Wisconsin Department of Financial Institutions.

-Announced, December 22, 2015


Higher One, Incorporated, New Haven, Connecticut — issuance of a consent cease and desist order and assessment of a civil money penalty against Higher One, Inc., an institution-affiliated party of Customers Bank, Phoenixville, Pennsylvania, and a former institution-affiliated party of Cole Taylor Bank, Chicago, Illinois.

-Announced, December 23, 2015