This was a notational vote.
By notational vote, the Board approved a Statement of Policy on Bank Merger Transactions, Delay of Compliance Date for Digital Sign Requirements under Part 328, Subpart A, and Withdrawal of Proposed Rules (1. Brokered Deposits Proposal, 2. Corporate Governance Proposal, 3. Change in Bank Control Act Proposal, and 4. Incentive-based Compensation Arrangements).
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:
Bank Merger Transactions
Delay of Compliance Date for Digital Sign Requirements
- Memorandum
- Delay of Compliance for Digital Sign Requirements
- Press Release
- Financial Institution Letter
Withdrawal of Proposed Rules
Votes
| Action | For | Against | Abstention |
|---|---|---|---|
| Bank Merger Transactions | Acting Chairman Hill Director Hood Director Vought | ||
| Delay of Compliance Date for Digital Sign Requirements | Acting Chairman Hill Director Hood Director Vought | ||
| Withdrawal of Proposed Rules | Acting Chairman Hill Director Hood Director Vought |