Board Actions

Actions taken during the week ending June 6, 2009

Enforcement

Tradition Bancshares, Inc., Houston, Texas, and Tradition Bank -- written agreement with the Federal Reserve Bank of Dallas and the Texas Department of Banking.
-Announced, June 4, 2009

Forms

Forms -- initial Board review to extend without revision the (1) Studies to Develop and Test Consumer Regulatory Disclosures (FR 1380) and (2) Recordkeeping Requirements for Complex Structured Finance Activities (FR 4022) and�to implement the Microeconomic Survey (FR 3051).
-Approved, June 2, 2009

Monetary and Financial Policy

Term Auction Facility -- TAF auction in the amount of $150 billion in 28-day credit on June 1, 2009.
-Announced, June 1, 2009

Personnel

Division of Consumer and Community Affairs -- appointment of Allen J. Fishbein as assistant director.
-Announced, June 1, 2009

Division of Information Technology -- appointments of Po Kim, Susan Marycz, and Raymond Romero as deputy associate directors and Tillena Clark as adviser.
-Announced, June 5, 2009

Regulations And Policies

Regulation H (Membership of State Banking Institutions in the Federal Reserve System) -- publication for comment of interagency amendments to implement the Secure and Fair Enforcement for Mortgage Licensing Act registration requirements for mortgage loan originators employed by federally regulated depository institutions.
-Approved, May 21, 2009 (AC)

Testimony And Statements

The U.S. Economy and the Federal Budget -- statement by Chairman Bernanke before the House Committee on the Budget on current economic and financial conditions and issues pertaining to the federal budget.
-Published, June 3, 2009