This was a notational vote.
By notational vote, the Board approved a Proposed Rule regarding Modifications to the Enhanced Supplementary Leverage Ratio (eSLR) Standards for U.S. Global Systemically Important Bank Holding Companies (or GSIBs) and their Subsidiary Depository Institutions and Amendments to the Total Loss-Absorbing Capacity (TLAC) and Long-Term Debt (LTD) Requirements for GSIBs.
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(s).
The following items were notationally approved:
Proposed Rule Regarding Modifications to the Enhanced Supplementary Leverage Ratio (eSLR) Standards
- Memorandum
- Notice of Proposed Rule
- Press Release
- Financial Institution Letter
- Statement by Acting Chairman Travis Hill
- Statement by Director Rodney E. Hood
Customer Identification Program Rule Exemption Order
Votes
| Action | For | Against | Abstention |
|---|---|---|---|
| Regulatory Capital Rule Re: Modifications to the Enhanced Supplementary Leverage Ratio (eSLR) Standards for U.S. Global Systemically Important Bank Holding Companies (GSIBs) and Their Subsidiary Depository Institutions and Amendments to Total Loss-Absorbing Capacity (TLAC) and Long Term Debt Requirements (LTD) for GSIBs | Acting Chairman Hill Director Hood Director Vought | ||
| Customer Identification Program Rule Exemption Order | Acting Chairman Hill Director Hood Director Vought |