Board Actions

Actions taken during the week ending January 17, 2009

Bank Holding Companies

Allianz SE, Munich, Germany -- to retain its interest in The Hartford Financial Services Group, Inc., Hartford, Connecticut, and thereby acquire an indirect interest in Federal Trust Bank, a federal savings association, Sanford, Florida.
-Approved, January 13, 2009

The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania -- commenter's request for reconsideration of the Board's approval of the application to acquire National City Corporation, Cleveland, Ohio, and its subsidiary bank, National City Bank.
-Denied, January 12, 2009

Protective Life Corporation, Birmingham, Alabama -- to become a bank holding company and to acquire Bonifay Holding Company, Inc., Bonifay, Florida, and its subsidiary bank, The Bank of� Bonifay.
-Approved, January 15, 2009

Monetary and Financial Policy

Bank of America Corporation, Charlotte, North Carolina -- joint statement by the Board, Department of the Treasury, and Federal Deposit Insurance Corporation on an agreement with Bank of America to provide a package of guarantees, liquidity access, and capital.
-Announced, January 16, 2009

Term Auction Facility -- TAF auction in the amount of $150 billion in 28-day credit on January 12, 2009.
-Announced, January 12, 2009

Regulations And Policies

Lending and Liquidity Facilities -- periodic report to Congress, required by the Emergency Economic Stabilization Act, on the outstanding lending facilities authorized under section 13(3) of the Federal Reserve Act.
-Approved, December 29, 2008 (AC)

Testimony And Statements

Troubled Asset Relief Program -- statement by Vice Chairman Kohn before the House Committee on Financial Services.
-Published, January 13, 2009