Board Actions

Actions taken during the week ending May 20, 2006

Bank Branches, Domestic

First Option Bank, Osawatomie, Kansas -- commenter's request for reconsideration of the approval by the Federal Reserve Bank of Kansas City of the application to establish a branch in Spring Hill and request for a public hearing on the Spring Hill branch application.
-Denied, May 15, 2006

Enforcement

Gulf Bank, Miami, Florida -- issuance of an order of prohibition against Yolanda Salido, a former institution-affiliated party.
-Announced, May 19, 2006

Texas State Bank, McAllen, Texas -- written agreement with the Federal Reserve Bank of Dallas and the Texas Department of Banking.
-Announced, May 19, 2006

Testimony And Statements

The Role of Hedge Funds in the Capital Market -- statement by Patrick M. Parkinson, Deputy Director, Division of Research and Statistics, before the Subcommittee on Securities and Investment of the Senate Committee on Banking, Housing, and Urban Affairs.
-Published, May 16, 2006