FRB: H.2--Board Actions--Week ending July 14, 2007

East West Bank, Pasadena, California -- to merge with Desert Community Bank, Victorville, and thereby establish branches.
-Approved, July 14, 2007

Board Operations

Division of Banking Supervision and Regulation -- appointment of Kevin Bertsch as Deputy Associate Director and Lisa DeFerrari and Richard Naylor as Assistant Directors.
-Approved, July 10, 2007

Enforcement

RBC Centura Bank, Rocky Mount, North Carolina -- issuance of a final decision and order of prohibition against Michelle M. Moore, a former employee.
-Announced, July 9, 2007

Standard Chartered plc, London, United Kingdom; Standard Chartered Bank; and Standard Chartered New York branch, New York, New York -- written agreement dated October 7, 2004, terminated July 10, 2007.
-Announced, July 12, 2007

Forms

Forms -- final Board review to extend without revision the Report of Selected Balance Sheet Items for Discount Window Borrowers (FR 2046) and Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted (FR 4006).
-Approved, July 10, 2007

Regulations And Policies

Credit Card Plans -- annual report to the Congress on the profitability of credit card operations of depository institutions.
-Approved, July 9, 2007

Financial Services Regulatory Relief Act -- final interagency amendments to increase the asset-size thresholds for interlock restrictions on management officials (Regulation L, Docket No. R-1272).
-Approved, July 9, 2007

Monetary Policy -- report to Congress.
-Authorized, July 11, 2007

Presidential Coins -- annual report to the Congress on the Presidential $1 Coin Program.
-Approved, July 10, 2007

Reserve Bank Services

Fedwire Securities Service -- assessment of compliance of the Fedwire Securities Service with the Recommendations for Securities Settlement Systems.
-Approved, July 10, 2007

Testimony And Statements

Hedge Funds -- statement by Governor Warsh before the House Committee on Financial Services.
-Published, July 11, 2007

Monetary Policy Objectives -- statement by Chairman Bernanke before the House Committee on Financial Services, July 18, and the Senate Committee on Banking, Housing, and Urban Affairs, July 19, 2007.
-Authorized, July 13, 2007

Board Actions

Actions taken during the week ending July 14, 2007