Federal Reserve Board: H.2 Release for Week Ending July 23, 2016; H.4.1 Release (Balance Sheet) for Week Ending July 28, 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 23, 2016, is below.

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

Category Action Taken
Extensions of Time Regulation YY — requests by (1) Societe Generale to delay the requirement to establish a U.S. intermediate holding company (IHC) for six months; and (2) Banco Bilbao Vizcaya Argentaria for a six-month extension of time to transfer five U.S. subsidiaries to its IHC.

-Granted, July 5, 2016





Forms Forms — initial Board review to extend with revision the Capital Assessments and Stress Testing information collection (FR Y-14A/Q/M).

-Proposed, July 20, 2016



Regulations and Policies Regulations Z (Truth in Lending) and M (Consumer Leasing) — publication for comment of interagency amendments to official staff interpretations to clarify the method used to determine thresholds for exempting (1) certain consumer credit and lease transactions from the Truth in Lending Act and Consumer Leasing Act, respectively, and (2) certain small loans from the real estate appraisal requirements for higher-priced mortgages, both based on changes in the consumer price index.

-Approved, July 18, 2016



Enforcement UBS AG, Zurich Switzerland, and Barclays Bank, PLC, London, England — issuance of a consent order of prohibition against Matthew Gardiner, a former institution-affiliated party of UBS AG and Barclays Bank, PLC.

-Announced, July 19, 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 28, 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 27, 2016):  $4,509,806 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)