Board Actions

Actions taken during the week ending September 27, 2008

Bank Holding Companies

The Goldman Sachs Group, Inc., New York, New York, and Goldman Sachs Bank USA Holdings LLC -- to become bank holding companies.
-Approved, September 21, 2008

Morgan Stanley, New York, New York; Morgan Stanley Capital Management LLC; and Morgan Stanley Domestic Holdings, Inc. -- to become bank holding companies and engage in certain nonbanking activities.
-Approved, September 21, 2008

Whitney Holding Corporation, New Orleans, Louisiana -- to acquire Parish National Corporation, Covington, and its subsidiary bank, Parish National Bank, Bogalusa.
-Approved, September 24, 2008

Enforcement

Community Bank of West Georgia, Villa Rica, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
-Announced, September 23, 2008

Community Banks of Northern California, Tracy, California -- written agreement with the Federal Reserve Bank of Kansas City and the Department of Financial Institutions for the State of California.
-Announced, September 23, 2008

Monetary and Financial Policy

Term Auction Facility -- TAF auction in the amount of $75 billion in 28-day credit on September 22, 2008.
-Announced, September 22, 2008

Personnel

Division of Banking Supervision and Regulation -- appointments of William G. Spaniel as chief of staff, David S. Jones as associate director, Philip A. Aquilino as assistant director, Charles H. Holm as senior adviser, and Kevin Clarke as adviser.
-Approved, September 25, 2008

Testimony And Statements

Economic Outlook -- statement by Chairman Bernanke before the Joint Economic Committee of the U.S. Congress.
-Published, September 24, 2008

U.S. Financial Markets -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on September 23 and before the House Committee on Financial Services on September 24, 2008.
-Published, September 23, 2008