Board Actions

Actions taken during the week ending February 21, 2009

Bank Holding Companies

Wells Fargo & Company, San Francisco, California -- request for temporary relief from the Board's risk-based and leverage capital guidelines, in connection with Wells Fargo's acquisition of Wachovia Corporation, Charlotte, North Carolina.
-Granted, February 19, 2009

Enforcement

Corus Bankshares, Inc., Chicago, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, February 19, 2009

Florida Community Banks, Inc., Immokalee, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, February 19, 2009

Polk County Bancorporation, Inc., Johnston, Iowa -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, February 19, 2009

Temecula Valley Bancorp, Inc., Temecula, California -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, February 19, 2009

Monetary and Financial Policy

Monetary Policy -- Monetary Policy Report to the Congress.
-Authorized, February 19, 2009

Testimony And Statements

Monetary Policy -- testimony by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on February 24 and before the House Committee on Financial Services on February 25, 2009, on the semiannual Monetary Policy Report to the Congress.
-Discussed, February 20, 2009