Board Actions

Elmwood Financial Corporation, Racine, Wisconsin, and Bank of Elmwood  -- written agreement with the Federal Reserve Bank of Chicago and the Wisconsin Department of Financial Institutions.
-Announced, February 3, 2009 

First SCK Financial Corporation, Anthony, Kansas  -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, February 3, 2009 

Sun American Bancorp, Boca Raton, Florida, and Sun American Bank  -- written agreement with the Federal Reserve Bank of Atlanta and the Florida Office of Financial Regulation.
-Announced, February 3, 2009 

Forms  -- initial Board review to extend without revision the�Senior Loan Officer Opinion Survey on Bank Lending Practices (FR 2018), Senior Financial Officer Survey (FR 2023), Automobile Finance Terms (FR 2005), Passenger Auto Contract Collection Trends at Major Sales Finance Companies (FR 2012), Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans (FR 2835), and Quarterly Report of Credit Card Plans (FR 2835a).
-Proposed, February 6, 2009 

Liquidity Facilities  -- extension through October 30, 2009, of the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, Commercial Paper Funding Facility, Money Market Investor Funding Facility, Primary Dealer Credit Facility, and (approved jointly with the Federal Open Market Committee) Term Securities Lending Facility.
-Approved, January 27, 2009  (AC)

Term Asset-Backed Securities Loan Facility  -- revised terms and conditions, including loan rates, collateral haircuts, the definition of eligible borrowers, and additional specifications for eligible asset-backed securities collateral.
-Approved, February 6, 2009