Board Actions

Actions taken during the week ending July 5, 2008

Bank Holding Companies

JPMorgan Chase & Co., New York, New York -- request for an exemption from section 23A of the Federal Reserve Act and Regulation W to allow JPMorgan Chase Bank, National Association, Columbus, Ohio, to purchase certain derivatives businesses of The Bear Stearns Companies, Inc., New York, from JPMorgan Chase & Co.
-Granted, June 30, 2008

Enforcement

Bank of York, York, Alabama -- cease and desist order dated August 14, 2006, terminated June 19, 2008.
-Announced, June 30, 2008

First BanCorp, Santurce, Puerto Rico -- cease and desist order dated March 16, 2006, terminated June 24, 2008.
-Announced, June 30, 2008

Monetary and Financial Policy

Term Auction Facility -- TAF auctions in the amount of $75 billion each on July 14 and July 28, 2008.
-Announced, July 1, 2008