Board Actions

Actions taken during the week ending August 18, 2007

Bank Holding Companies

Wells Fargo & Company, San Francisco, California. -- to acquire Greater Bay Bancorp, East Palo Alto, and thereby acquire Greater Bay Bank, National Association, Palo Alto.
-Approved, August 17, 2007

Discount Rates

Discount and Advance Rates -- decrease in the primary credit rate from 6-1/4 percent to 5-3/4 percent by the Federal Reserve Banks of Boston, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, and Dallas.
-Approved, August 17, 2007

Discount and Advance Rates -- decrease in the primary credit rate from 6-1/4 percent to 5-3/4 percent by the Federal Reserve Banks of New York and San Francisco, effective August 17, 2007.
-Approved, August 16, 2007

Enforcement

Anadarko Bank and Trust Company, Anadarko, Oklahoma -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, August 16, 2007

Chemical Bank, Midland, Michigan -- issuance of a consent order of assessment of a civil money penalty.
-Announced, August 14, 2007

Hanmi Bank, Los Angeles, California -- issuance of a consent order of assessment of a civil money penalty.
-Announced, August 9, 2007 (AC)

Marco Community Bank, Marco Island, Florida -- written agreement with the Federal Reserve Bank of Atlanta and the Florida Office of Financial Regulation.
-Announced, August 16, 2007