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FDIC Board Meeting

May 31, 2023 — FDIC Board Meeting

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:

Votes

ActionForAgainstAbstention
Notice of Proposed Rulemaking on Quality Control Standards for Automated Valuation ModelsChairman Gruenberg
Vice Chairman Hill
Director McKernan
Director Chopra
Director Hsu
  
2023 FDIC Operating Budget IncreaseChairman Gruenberg
Vice Chairman Hill
Director McKernan
Director Chopra
Director Hsu
  
Final Rule on the Uniform Rules of Practice and ProcedureChairman Gruenberg
Vice Chairman Hill
Director McKernan
Director Chopra
Director Hsu
  

Last Updated: November 22, 2023