Board Actions

Actions taken during the week ending September 13, 2008

Enforcement

ABN AMRO Bank N.V., Amsterdam, the Netherlands -- cease and desist order dated December 19, 2005, terminated September 10, 2008.
-Announced, September 12, 2008

Newnan Coweta Bancshares, Inc., Newnan, Georgia, and Neighborhood Community Bank -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
-Announced, September 10, 2008

Forms

Forms -- final Board review to extend with revision the Domestic Finance Company Report of Consolidated Assets and Liabilities (FR 2248), International Applications and Prior Notifications Under Subpart B of Regulation K (FR K-2), and Application for a Foreign Organization to Become a Bank Holding Company (FR Y-3F).
-Approved, September 10, 2008

Monetary and Financial Policy

Term Auction Facility -- TAF auction in the amount of $25 billion in 84-day credit on September 8, 2008.
-Announced, September 8, 2008

Term Auction Facility -- TAF auction in the amount of $25 billion in 28-day credit on September 9, 2008.
-Announced, September 9, 2008

Regulations And Policies

Capital Adequacy Guidelines -- publication for comment of interagency amendments that would permit a banking organization to reduce the amount of its goodwill deduction from tier 1 capital by any associated deferred tax liability.
-Approved, September 12, 2008

Privacy Act Records -- publication for comment of notice of a new system of records in connection with implementation of the Board's Electronic Applications system (E-Apps) that allows banking institutions to submit regulatory applications, notices, and related materials electronically.
-Approved, September 11, 2008