Federal Reserve Board: H.2 Release for Week Ending July 2, 2016; H.4.1 Release (Balance Sheet) for Week Ending July 7, 2016

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 2, 2016, 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 Bank of the Ozarks, Inc., Little Rock, Arkansas — to merge with Community & Southern Holdings, Inc., Atlanta, Georgia, and thereby acquire Community & Southern Bank; and election by Bank of the Ozarks, Inc., to become a financial holding company.

-Approved, June 27, 2016


Ohio Valley Banc Corp., Gallipolis, Ohio — to merge with Milton Bancorp, Inc., Wellston; and for The Ohio Valley Bank Company, Gallipolis, to merge with The Milton Banking Company, Wellston, and thereby establish branches.

-Approved, June 27, 2016






Banking Supervision and Regulation Comprehensive Capital Analysis and Review — no objection to the 2016 capital plans of 30 bank holding companies; requirement for Morgan Stanley to submit a new capital plan by the end of 2016 to address certain weaknesses in its capital planning processes; and objections to the 2016 capital plans of Deutsche Bank Trust Corporation and Santander Holdings USA, Inc., on qualitative grounds.

-Announced, June 29, 2016


Regulation TT (Supervision and Regulation Assessments of Fees) — 2015 supervisory assessments, assessed companies, and related matters, pursuant to the Dodd-Frank Act and Regulation TT.

-Approved, June 27, 2016




Regulations and Policies Mortgage Servicing Assets — interagency report to Congress on regulatory capital requirements for mortgage servicing assets for banking institutions.

-Published, July 1, 2016



Enforcement Century Bank of Florida, Tampa, Florida — written agreement dated August 25, 2009, terminated June 23, 2016.

-Announced, June 28, 2016


Pilot Bancshares, Inc., Tampa, Florida, and Pilot Bank — written agreement dated July 7, 2010, terminated June 23, 2016.

-Announced, June 28, 2016




Federal Reserve Board: Balance Sheet (H.4.1 Release)

The Board publishes data of factors affecting reserve balances. The digest is called the H.4.1 Release, and they are published every Thursday (or the next business day if the publication date falls on a federal holiday). The release for July 7, 2016, is below.

[Note: The blog will cover the line titled “Total Factors Supplying Reserve Funds.”]

H.4.1 Release–Factors Affecting Reserve Balances

Total factors supplying reserve funds (as of July 6, 2016):  $4,516,025 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)