Board Actions

Actions taken during the week ending August 16, 2008

Bank Holding Companies

C-B-G, Inc., West Liberty, Iowa -- to increase its interest in Washington Bancorp, Washington, and its subsidiary, Federation Bank, to more than 50 percent.
-Approved, August 13, 2008

Forms

Forms -- final Board review to extend without revision the Notifications Related to Community Development and Public Welfare Investments of State Member Banks (FR H-6) and to extend with revision the System membership (FR 2083-2083C) and Federal Reserve Bank stock applications (FR 2056, FR 2086a, FR 2030, FR 2030a, FR 2086, and FR 2087), Report of Changes in Organizational Structure (FR Y-10), Annual Report of Bank Holding Companies (FR Y-6), and Annual Report of Foreign Banking Organizations (FR Y-7).
-Approved, August 12, 2008

Monetary and Financial Policy

Term Auction Facility -- TAF auction in the amount of $25 billion in 84-day credit on August 11, 2008.
-Announced, August 11, 2008

Term Auction Facility -- TAF auction in the amount of $50 billion in 28-day credit on August 12, 2008.
-Announced, August 12, 2008