Federal Reserve Board: H.2 Release for Week Ending December 10, 2016; H.4.1 Release (Balance Sheet) for Week Ending December 15, 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 December 10, 2016, is below.

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

Category Action Taken
Advisory Councils Community Advisory Council — announcement of four new members of the council.

-Announced, December 7, 2016

Board Operations Board Budgets and Division and Committee Name Changes — (1) Board operating and capital budgets for 2017 and (2) change in the names of the Division of Banking Supervision and Regulation to the Division of Supervision and Regulation and of the Board’s Committee on Bank Supervision to Committee on Supervision and Regulation.

-Approved, November 18, 2016


Office of Inspector General — 2017 budget.

-Approved, December 5, 2016


[Blog Author’s Note: See previous blog post regarding the Board’s OIG budget and its so-called independence.]




Forms Forms — final Board review to extend with revision the interagency Joint Standards for Assessing Diversity Policies and Practices (FR 2100).

-Approved, December 5, 2016

Personnel Division of Financial Stability — appointment of Andreas Lehnert as director and Nellie Liang as senior adviser.

-Approved, December 7, 2016

Regulations and Policies “Illiquid Fund” Investments Guidance — statement of policy establishing a simplified and streamlined process under which banking entities may seek an extension for the transition period to divest or conform their investments in a narrow class of funds that qualify as “illiquid funds” under section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule.

-Approved, December 7, 2016


Capital Requirements for U.S.-Based Global Systemically Important Bank Holding Companies (GSIBs) — (1) final rule to make clarifying and technical revisions to the Board’s rule regarding risk-based capital surcharges for GSIBs and (2) interim final rule with request for comment to provide certain firms with additional time to complete a portion of a related reporting form.

-Approved, December 6, 2016


Eligibility for 18-Month Examination Cycle — interagency final rules that increase the number of small banks and savings associations and U.S. branches and agencies of foreign banks eligible for an 18-month rather than a 12-month examination cycle.

-Approved, November 29, 2016



Savings and Loan Holding Companies — publication for comment of proposal to fully apply the same supervisory rating system to savings and loan holding companies as currently applies to bank holding companies.

-Approved, December 8, 2016

Reserve Bank Operations Federal Reserve Bank Budgets — operating and capital budgets for the Federal Reserve Banks, Federal Reserve Information Technology, and Office of Employee Benefits for 2017.

-Approved, December 2, 2016


Enforcement JCO Ventures, LLC, Union, South Carolina; JCO Partners, L.P.; JCO Partners II, L.P.; HAO Management Company, LLC; HAO Partners, L.P.; HAO Partners II, L.P.; Frances W. Arthur Irrevocable Trust No. 2 for the Benefit of Frances Oxner Jorgenson; FOJ Management Company, LLC; FOJ Partners, L.P.; FOJ Partners II, L.P.; and Arthur Financial Corporation — written agreement dated August 31, 2011, terminated December 1, 2016.

-Announced, December 6, 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 December 15, 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 December 14, 2016):  $4,516,969 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)