Board Actions

Actions taken during the week ending March 24, 2007

Enforcement

Cache Valley Banking Company, Logan, Utah, and Cache Valley Bank -- issuance of a cease and desist order, and termination of the written agreement issued April 19, 2004, with the Federal Reserve Bank of San Francisco and the Utah State Department of Financial Institutions.
-Announced, March 23, 2007

North Valley Bank, Zanesville, Ohio -- written agreement with the Ohio Division of Financial Institutions and the Federal Reserve Bank of Cleveland.
-Announced, March 22, 2007

Forms

Information Collection -- final Board review to revise without extension the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C), Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies (FR Y-11), and Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314).
-Approved, March 19, 2007

Testimony And Statements

Mortgage Markets -- statement by Roger T. Cole, Director, Division of Banking Supervision and Regulation, before the Senate Committee on Banking, Housing, and Urban Affairs.
-Published, March 22, 2007