Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

Board Actions

Actions taken during the week ending December 13, 2008


Bank Holding Companies

Banco Santander, S.A., Madrid, Spain  -- to acquire Sovereign Bancorp, Inc., Philadelphia, Pennsylvania, and thereby acquire its subsidiary federal savings bank, Sovereign Bank, Wyomissing.
-Approved, December 9, 2008 

Banks, Foreign

China Construction Bank Corporation, Beijing, China  -- to establish a branch in New York, New York.
-Approved, December 8, 2008 

Currency

Federal Reserve Notes  -- new currency budget for 2009.
-Approved, December 9, 2008 

Enforcement

Community Investment Services, Inc., North Branch, Minnesota  -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, December 11, 2008 

Monetary and Financial Policy

Term Auction Facility  -- TAF auctions in the amount of $150 billion each in 28-day credit on January 12 and 84-day credit on January 26, 2009.
-Announced, December 9, 2008 

Regulations And Policies

Government Accountability Office  -- interagency response to the GAO report "Risk-Based Capital:  New Basel II Rules Reduced Certain Competitive Concerns, but Bank Regulators Should Address Remaining Uncertainties."
-Approved, December 8, 2008 

Government Accountability Office  -- response to the GAO report "Private Equity: Recent Growth in Leveraged Buyouts Exposed Risks that Warrant Continued Attention."
-Approved, December 9, 2008 


Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco