Board Actions

Actions taken during the week ending September 29, 2007

Banks, State Member

County Bank, Merced, California -- to purchase the assets and assume the liabilities of eleven California branches of National Bank of Arizona, Tucson, Arizona, and thereby establish branches.
-Approved, September 24, 2007

Enforcement

Great River Bank & Trust, Davenport, Iowa -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, September 26, 2007

Regulations And Policies

Broker Exceptions for Banks -- final interagency rules regarding the scope of securities activities that banks may conduct in providing banking services to their customers without registering with the Securities and Exchange Commission as a securities broker (Docket No. R-1274).
-Approved, September 24, 2007

Regulation D -- final rule implementing the annual indexing of the low reserve tranche, reserve requirement exemption amount, nonexempt deposit cutoff level, and reduced reporting limit for 2008 (Docket No. R-1297).
-Approved, September 24, 2007

Unlawful Internet Gambling -- publication for comment of interagency rule regarding prohibition on funding of unlawful Internet gambling (Docket No. R-1298).
-Approved, September 24, 2007