This was a notational vote.
By notational vote, the Board approved a Notice of Proposed Rulemaking on Quality Control Standards for Automated Valuation Models, a Final Rule on the Uniform Rules of Practice and Procedure, and a 2023 FDIC Operating Budget Increase.
A notational vote is an action by the Board of Directors taken without a meeting. The Executive Secretary distributes written materials to all members of the Board. Board members then vote or indicate their abstention in writing. The vote of the majority of the members of the Board on each item of business is the act of the Board, provided that a majority of members then in office vote or indicate their abstention on such item.
The following items were notationally approved:
- Memorandum and Notice of Proposed Rulemaking on Quality Control Standards for Automated Valuation Models
- 2023 FDIC Operating Budget Increase
- Memorandum and Final Rule on the Uniform Rules of Practice and Procedure
Votes
| Action | For | Against | Abstention |
|---|---|---|---|
| Notice of Proposed Rulemaking on Quality Control Standards for Automated Valuation Models | Chairman Gruenberg Vice Chairman Hill Director McKernan Director Chopra Director Hsu | ||
| 2023 FDIC Operating Budget Increase | Chairman Gruenberg Vice Chairman Hill Director McKernan Director Chopra Director Hsu | ||
| Final Rule on the Uniform Rules of Practice and Procedure | Chairman Gruenberg Vice Chairman Hill Director McKernan Director Chopra Director Hsu |