Board Actions

Grupo Financiero Banorte, S.A. de C.V., Monterrey, Nuevo Leon, Mexico; Banco Mercantil del Norte, S.A., Institucion de Banca Multiple, Grupo Financiero Banorte, and Banorte USA Corporation, Wilmington, Delaware  -- to become bank holding companies and to acquire 70 percent of the shares of INB Financial Corp., McAllen, Texas, and thereby acquire control of its subsidiaries, INB Delaware Corp., Wilmington, Delaware, and Inter National Bank, McAllen, Texas; and elections by Grupo Financiero Banorte, S.A. de C.V., Grupo Financiero Banorte, Banorte USA Corporation, INB Financial Corp., and INB Delaware Corp. to become financial holding companies.
-Approved, October 13, 2006 

National City Corporation, Cleveland, Ohio  -- to acquire Harbor Florida Bancshares, Inc., Fort Pierce, Florida, and its subsidiaries, Harbor Federal Savings Bank and Appraisal Analysis, Inc., and thereby engage in appraisal services for real estate and personal property.
-Approved, October 13, 2006 

Gold Bank, Leawood, Kansas  -- issuance of a consent order of assessment of civil money penalty against John Price, a former senior vice president.
-Announced, October 12, 2006 

Regulation D  -- final rule implementing the annual adjustment of the low reserve tranche, reserve requirement exemption amount, deposit reporting cutoff level, and reduced reporting limit for 2007 (Docket No. R-1268).
-Approved, October 10, 2006