HAHarvey Walden
6 days agoFDIC Approves Stablecoin Compliance Standards and Stellantis Bank Deposit Insurance
This was a notational vote.By notational vote, the Board approved a Notice of Proposed Rulemaking Regarding Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and the Deposit Insurance Application for Stellantis Bank USA, Salt Lake City, Utah.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:Notice of Proposed Rulemaking Regarding Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin IssuersMemorandumNotice of Proposed RulemakingPress ReleaseFinancial Institution LetterDeposit Insurance Application for Stellantis Bank USA, Salt Lake City, Utah Stellantis Bank USA Order and StatementPress Release VotesActionForAgainstAbstentionNotice of Proposed Rulemaking Regarding Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin IssuersChairman HillDirector GouldDirector Vought Deposit Insurance Application for Stellantis Bank USA, Salt Lake City, UtahChairman HillDirector GouldDirector Vought
