Board Actions

Actions taken during the week ending March 15, 2008

Bank Holding Companies

Frandsen Financial Corporation, Arden Hills, Minnesota -- commenter's request for reconsideration of the Board's approval of the application to acquire First National Bank of Montgomery, Montgomery.
-Denied, March 14, 2008

The Toronto-Dominion Bank, Toronto, Canada -- to acquire Commerce Bancorp, Inc., Cherry Hill, New Jersey, and its subsidiaries, Commerce Bank/North, Ramsey, and Commerce Bank, N.A., Philadelphia, Pennsylvania; and to acquire Commerce Bancorp's minority interest in Pennsylvania Commerce Bancorp, Inc., Harrisburg, and Commerce Bank/Harrisburg, N.A., Lemoyne.
-Approved, March 13, 2008

Regulations And Policies

Securities Lending Program -- establishment of a term securities lending facility to lend through an auction process up to $200 billion of Treasury securities to primary dealers secured for a term of 28 days by a pledge of other securities.
-Approved, March 11, 2008