Board Actions

Actions taken during the week ending July 19, 2008

Enforcement

KCB Bank, Kearney, Missouri -- written agreement with the Federal Reserve Bank of Kansas City and the Missouri Division of Finance.
-Announced, July 14, 2008

Regulations And Policies

Basel Capital Accord -- final interagency guidance on the supervisory review process for capital adequacy (Pillar 2) related to implementation of the Basel II advanced capital framework (Docket No. OP-1322).
-Approved, July 14, 2008

Federal Reserve Bank of New York -- authorization for the Federal Reserve Bank of New York to lend to Fannie Mae and Freddie Mac should such lending prove necessary.
-Approved, July 13, 2008

Home Mortgage Lending -- final amendments to Regulation Z (Truth in Lending) under the Home Ownership and Equity Protection Act to protect consumers from unfair, abusive, or deceptive mortgage lending and servicing practices and revise certain disclosure requirements; and publication for comment of revisions to Regulation C (Home Mortgage Disclosure) to make rules for reporting higher-priced loans consistent with Regulation Z amendments (Docket Nos. R-1305 and R-1321).
-Approved, July 14, 2008

Testimony And Statements

Equal Credit Opportunity Act -- statement by Sandra F. Braunstein, director, Division of Consumer and Community Affairs, before the Subcommittee on Oversight and Investigations of the House Committee on Financial Services on whether data on applicants' personal characteristics should be collected for non-mortgage loans.
-Published, July 17, 2008