Board Actions

Frandsen Financial Corporation, Arden Hills, Minnesota  -- to acquire First National Bank of Montgomery, Montgomery.
-Approved, February 22, 2008 

ANB Bancshares, Inc., Rogers, Arkansas  -- written agreement with the Federal Reserve Bank of St. Louis.
-Announced, February 19, 2008 

Forms  -- final Board review to extend with revision financial statements for bank holding companies and nonbank subsidiaries (FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-11, FR Y-11S, FR 2314, and FR 2314S) and reports of foreign banking organizations and Edge and agreement corporations (FR Y-7N, FR Y-7NS, and FR 2886b).
-Approved, February 21, 2008 

Forms  -- final Board review to extend without revision reports on extensions of credit secured by margin stock (FR T-4, FR U-1, FR G-3, FR G-1, FR G-2, and FR G-4), the Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks (FR 2225), and the Ongoing Intermittent Survey of Households (FR 3016); and to extend with revision the Report of Net Debit Cap (FR 2226).
-Approved, February 21, 2008 

Division of International Finance  -- appointment of Thomas Connors and Steven Kamin as Deputy Directors; Joseph Gagnon, Michael Leahy, and Ralph Tryon as Associate Directors; Trevor Reeve and John Rogers as Deputy Associate Directors; Christopher Erceg and Linda Kole as Assistant Directors; Richard Freeman as Senior Adviser; and Mark Carey and Jane Haltmaier as Advisers, effective March 2, 2008.
-Approved, February 19, 2008 

Division of Monetary Affairs  -- appointment of James A. Clouse, Deborah J. Danker, and William B. English as Deputy Directors.
-Announced, February 21, 2008 

Legal Division  -- appointment of Mark E. Van Der Weide as Assistant General Counsel, effective March 2, 2008.
-Approved, February 19, 2008 

Monetary Policy  -- report to Congress.
-Authorized, February 20, 2008 

Monetary Policy Objectives  -- statement by Chairman Bernanke before the House Committee on Financial Services on February 27, and before the Senate Committee on Banking, Housing, and Urban Affairs on February 28, 2008.
-Authorized, February 22, 2008