Pursuant to the provisions of the “Government in the Sunshine Act” (5 U.S.C. § 552b), notice was given that the Federal Deposit Insurance Corporation's Board of Directors would meet in open session to consider the matters.
Materials and information relative to the Board actions are available here:
Notice of Proposed Rulemaking on Custodial Deposit Accounts with Transaction Features and Prompt Payment of Deposit Insurance to Depositors
- Memorandum (PDF)
- Notice of Proposed Rule (PDF)
- Statement by Chairman Martin J. Gruenberg
- Statement by Vice Chairman Travis Hill
- Statement by Jonathan McKernan
- Statement by Rohit Chopra
- Statement by Michael J. Hsu (PDF)
- Press Release
- Financial Institution Letter
Final Statement of Policy on Bank Merger Transactions
- Memorandum (PDF)
- Final Statement (PDF)
- Statement by Chairman Martin J. Gruenberg
- Statement by Vice Chairman Travis Hill
- Statement by Jonathan McKernan
- Statement by Rohit Chopra
- Statement by Michael J. Hsu (PDF)
- Press Release
- Financial Institution Letter
Votes
| Action | For | Against | Abstention |
|---|---|---|---|
| Summary | Chairman Gruenberg Vice Chairman Hill Director McKernan Director Chopra Director Hsu | ||
| NPR on Custodial Accounts | Chairman Gruenberg Vice Chairman Hill Director McKernan Director Chopra Director Hsu | ||
| SOP on Bank Merger Act | Chairman Gruenberg Director Chopra Director Hsu | Vice Chairman Hill Director McKernan |