Federal Reserve Board: H.2 Release for Week Ending August 6, 2016; H.4.1 Release (Balance Sheet) for Week Ending August 12, 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 August 6, 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 Chemical Financial Corporation, Midland, Michigan — to merge with Talmer Bancorp, Inc., Troy, and thereby indirectly acquire Talmer Bank & Trust; and for Chemical Bank, Midland, to merge with Talmer Bank & Trust, Troy, and thereby establish branches.

-Approved, August 5, 2016


Forms Forms — initial Board review to extend with revision the Debit card issuer survey (FR 3064a) and to extend without revision the Payment card network survey (FR 3064b).

-Proposed, August 2, 2016


Monetary and Financial Policy Term Deposit Facility — floating-rate offering of seven-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $5 billion on August 11, 2016.

-Announced, August 4, 2016



Personnel Division of Reserve Bank Operations and Payment Systems — appointment of Marta Chaffee as senior associate director.

-Announced, August 2, 2016

Regulations and Policies Rules of Practice for Hearings — publication for comment of interim final rule adjusting the Board’s civil money penalties to account for inflation.

-Announced, August 1, 2016


Enforcement Calwest Bancorp, Rancho Santa Margarita, California — written agreement dated April 29, 2011, terminated July 28, 2016.

-Announced, August 2, 2016


Elgin Bancshares, Inc., Elgin, Illinois — written agreement dated January 19, 2011, terminated July 27, 2016.

-Announced, August 2, 2016


FEB Bancshares, Inc., Louisville, Alabama — written agreement dated December 21, 2010, terminated July 28, 2016.

-Announced, August 2, 2016


The Goldman Sachs Group, Inc., New York, New York, and Goldman, Sachs & Co. (together, “Goldman Sachs”) — issuance of a consent cease-and-desist order and assessment of a civil money penalty on Goldman Sachs, and notice of intent to prohibit and notice of assessment of a civil money penalty against Joseph Jiampietro, a former institution-affiliated party of Goldman, Sachs & Co.

-Approved, August 2, 2016


Village Bank and Trust Financial Corp, Midlothian, Virginia — written agreement dated June 26, 2012, terminated July 28, 2016.

-Announced, August 2, 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 August 12, 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 August 11, 2016): $4,514,504 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)