Board of Governors of the Federal Reserve System

Federal Reserve Release H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received 9No. Week Ending March

best- preserved paper copies, scanning those copies,1 and then making ...and to GNP) in the third quarter, and would also tend to strengthen consumer

the “Com- mittee”) authorizes and directs the Federal Reserve Bank selected...the “Selected Bank”), to the extent necessary to carry out the most recent

The Mortgage Program,” and it continues today with significant investments...key advantage of this new organizational structure is that risk, underwriting

October 5, 2021 VIA EMAIL Mitchell S. Eitel, Esq. Sullivan & Cromwell LLP 125 Broad Street New York, New York 10004-2498 Dear Mr. Eitel: This

VIA EMAIL This correspondence relates to the application filed on behalf of Citizens Financial Group, Inc., Providence, Rhode Island (“CFG”),

and, where relevant, Union Bank and this information is being provided...and, where relevant, Union Bank, and would place the Applicant and Union

pricing of oil. He does not view the current growth in GNP as excessive...prices (such as sensitive materials prices in the leading indicators),

the' degree of softening; some districts do not see an actual downturn...prices; big ticket items have been disproportionately affected by the

compares macroeconomic outcomes under four different monetary policies...price-setters see only the arguments of the Taylor rule—the federal funds