Board Actions

CapitalSouth Bancorp, Birmingham, Alabama, and CapitalSouth Bank  -- issuance of a consent cease and desist order.
-Announced, November 6, 2008 

Currie Bancorporation, Inc., Currie, Minnesota  -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, November 6, 2008 

Paramount Bancorp, Inc., Farmington Hills, Michigan, and Paramount Bank  -- written agreement with the Federal Reserve Bank of Chicago and the Michigan Office of Financial and Insurance Regulation.
-Announced, November 6, 2008 

Riverside Gulf Coast Banking Company, Cape Coral, Florida, and Riverside Bank of the Gulf Coast  -- written agreement with the Federal Reserve Bank of Atlanta and the State of Florida Office of Financial Regulation.
-Announced, November 3, 2008 

Forms  -- initial Board review to extend with revision�the�Bank Holding�Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates (FR Y-8) and revise without extension the Financial Statements for�Nonbank Subsidiaries of U.S. Bank Holding Companies (FR Y-11 and FR 2314), Financial Statements of�U.S. Nonbank Subsidiaries Held by Foreign�Banking Organizations (FR Y-7N), Financial Statements for Bank Holding Companies (FR Y-9C, FR Y-9SP), and Consolidated Report of Condition and Income for Edge and Agreement Corporations (FR 2886b).
-Proposed, November 5, 2008 

Interest on Required and Excess Reserves  -- revision of the formulas for determining interest rates paid to depository institutions on required and excess reserve balances under Regulation D (Reserve Requirements of Depository Institutions).
-Announced, November 5, 2008 

Term Auction Facility  -- TAF auction in the amount $150 billion in 84-day credit on November 3, 2008.
-Announced, November 3, 2008 

Division of Banking Supervision and Regulation  -- appointment of Arthur W. Lindo as associate director and chief accountant -- supervision.
-Announced, November 5, 2008 

Loans and Credit Facilities  -- report to Congress under the Emergency Economic Stabilization Act of 2008 regarding new loans and credit facilities authorized between March 1 and October 3, 2008.
-Approved, November 3, 2008 

Money Market Investor Funding Facility   -- report to Congress under the Emergency Economic Stabilization Act of 2008 regarding the new facility.
-Approved, October 28, 2008  (AC)