Board Actions

Consumer Advisory Council  -- request for nominations for ten new members.
-Announced, June 15, 2007 

The Bank of New York Mellon Corporation, New York, New York  -- to become a bank holding company and to merge with The Bank of New York Company, Inc. and Mellon Financial Corporation, Pittsburgh, Pennsylvania, and thereby acquire The Bank of New York, New York, New York; Mellon Bank, N.A., Pittsburgh, Pennsylvania; and their other subsidiary banks, and election to become a financial holding company.
-Approved, June 12, 2007 

Citigroup Inc., New York, New York  -- request for an exception from the Board's risk-based capital guidelines that would lower the risk weight for Regulation T margin loans.
-Granted, June 14, 2007 

First Busey Corporation, Urbana, Illinois  -- to merge with Main Street Trust, Inc., Champaign, and thereby acquire Main Street Bank & Trust.
-Approved, June 14, 2007 

Wachovia Corporation, Charlotte, North Carolina  -- request for an exemption from section 23A of the Federal Reserve Act.
-Granted, June 11, 2007 

Western Corporate Federal Credit Union, San Dimas, California  -- request to retain its "bankers' bank" exemption from reserve requirements after admission into membership of Credit Union Central of British Columbia.
-Granted, June 15, 2007 

Forms  -- final Board review to extend with revision the uniform interagency Transfer Agent Registration and Amendment Form (FR TA-1).
-Approved, June 12, 2007 

Host state lending ratios  -- interagency release of the host state loan-to-deposit ratios used by the banking agencies to determine compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act.
-Published, June 12, 2007 

Federal Reserve Bank of Boston  -- appointment of Eric Rosengren as President, effective July 23, 2007.
-Approved, June 11, 2007