Board Actions

Actions taken during the week ending June 17, 2006

Advisory Councils

Consumer Advisory Council -- request for nominations for ten new members.
-Announced, June 15, 2006

Bank Holding Companies

BB&T Corporation, Winston-Salem, North Carolina -- to merge with First Citizens Bancorp, Cleveland, Tennessee, and thereby acquire its subsidiaries, The Bank/First Citizens Bank, The Home Bank of Tennessee, Maryville, and The Home Bank, Ducktown.
-Approved, June 12, 2006

Forms

Forms -- final Board review to extend without revision the Recordkeeping Requirements Associated with Changes in Foreign Investments (Made Pursuant to Regulation K)(FR 2064), Recordkeeping Requirements Associated with the Real Estate Appraisal Standards for Federally Related Transactions Pursuant to Regulations H and Y (FR H-4), and Request for Proposal (RFP) and Request for Price Quotations (RFPQ).
-Approved, June 13, 2006

Regulations And Policies

Bank Secrecy Act Recordkeeping -- publication for comment of joint advance notice of proposed rulemaking to lower or eliminate the recordkeeping threshold for funds transfers and transmittals (Regulation S, Docket No. R-1258).
-Approved, June 13, 2006

Credit Card Plans -- annual report to the Congress on the profitability of credit card operations of depository institutions.
-Approved, June 12, 2006

Payments System Risk Policy -- publication for comment of a consultation paper on management of intraday liquidity, credit, and operational risks associated with Fedwire funds transfers and related transactions (Docket No. OP-1257).
-Approved, June 13, 2006