Board Actions

Actions taken during the week ending December 19, 2009

Advisory Councils

Consumer Advisory Council -- appointment of ten new members and designation of Michael D. Calhoun as chair and Jim Park as vice chair for 2010.
-Announced, December 17, 2009

Banking Supervision & Regulation

Citigroup Inc., New York, New York -- request to redeem its TARP preferred stock.
-Approved, December 13, 2009

Wells Fargo & Company, San Francisco, California -- request to redeem its TARP preferred stock.
-Approved, December 14, 2009

Enforcement

1st Pacific Bancorp, San Diego, California, and 1st Pacific Bank of California -- writtten agreement with the Federal Reserve Bank of San Francisco.
-Announced, December 15, 2009

Credit Suisse AG, Zurich, Switzerland -- issuance of a consent cease and desist order against Credit Suisse.
-Announced, December 16, 2009

Regions Bank, Birmingham, Alabama -- issuance of a consent order of assessment of a civil money penalty.
-Announced, December 17, 2009

Monetary and Financial Policy

Term Auction Facility -- TAF auction in the amount of $75 billion in 28-day credit on December 14, 2009.
-Announced, December 14, 2009

Regulations And Policies

Regulation V (Fair Credit Reporting) -- interagency final rules�that�require creditors to provide risk-based pricing notices to consumers who receive less favorable terms on credit because of information in the consumer's credit report.
-Approved, December 17, 2009