Board Actions

Actions taken during the week ending September 30, 2006

Bank Holding Companies

Wachovia Corporation, Charlotte, North Carolina -- to acquire Golden West Financial Corporation, Oakland, California, its subsidiary savings associations, World Savings Bank, FSB, and World Savings Bank, FSB (Texas), Houston, Texas, and certain nonbanking subsidiaries, and thereby engage in credit extension, trust company, investment advisory, and securities brokerage activities.
-Approved, September 28, 2006

Wachovia Corporation, Charlotte, North Carolina -- request for an exemption from section 23A of the Federal Reserve Act.
-Granted, September 29, 2006

Enforcement

Credit Agricole, S.A., Paris, France -- written agreement dated December 16, 2003, terminated September 21, 2006.
-Announced, September 26, 2006

Credit Agricole, S.A., Paris, France; Credit Agricole Indosuez; Credit Agricole Indosuez, New York, New York; Credit Lyonnais, S.A., Paris, France; and Credit Lyonnais, S.A., New York, New York -- cease and desist order dated March 9, 2004, terminated September 21, 2006.
-Announced, September 26, 2006

Credit Lyonnais, S.A., Paris, France -- cease and desist order dated December 18, 2003, terminated September 21, 2006.
-Announced, September 26, 2006

Regulations And Policies

Nontraditional Mortgage Products -- final interagency guidance on nontraditional mortgage products and publication for comment of proposed illustrations of consumer information for such products (Docket Nos. OP-1246 and OP-1267).
-Approved, September 27, 2006

Testimony And Statements

Basel II Capital Accord -- statement by Governor Bies before the Senate Committee on Banking, Housing, and Urban Affairs.
-Published, September 26, 2006