Board Actions

Actions taken during the week ending June 7, 2008

Bank Holding Companies

Bank of America Corporation, Charlotte, North Carolina -- to acquire Countrywide Financial Corporation, Calabasas, California, and thereby indirectly acquire Countrywide Bank, FSB, Alexandria, Virginia, and certain other nonbanking subsidiaries of Countrywide.
-Approved, June 5, 2008

Enforcement

Banco de Chile and Banco de Chile Miami Branch, Miami, Florida -- cease and desist order dated February 1, 2005, terminated June 2, 2008.
-Announced, June 4, 2008

Millennium Bankshares Corporation, Reston, Virginia -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, June 3, 2008

Testimony And Statements

State of the Banking Industry -- statement by Vice Chairman Kohn before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on June 5, 2008.
-Reviewed, June 2, 2008