FRB: H.2--Board Actions--Week ending March 21, 2009

FNB Holding Company, West Des Moines, Iowa -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, March 18, 2009

Omni Financial Services, Inc., Atlanta, Georgia -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, March 17, 2009

Societe Generale, Paris, France, and its New York, New York, branch -- written agreement with the Federal Reserve Bank of New York and the New York State Banking Department.
-Announced, March 17, 2009

Thunder Bancorp, Inc., Sylvan Grove, Kansas, and Thunder Bank -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, March 20, 2009

Monetary and Financial Policy

Term Asset-Backed Securities Loan Facility -- to expand the types of eligible collateral for loans extended under the TALF to include asset-backed securities backed by mortgage-servicing advances, loans or leases relating to business equipment, leases of vehicle fleets, and non-auto floorplan loans.
-Approved, March 19, 2009

Term Asset-Backed Securities Loan Facility -- establishment of rates for the TALF at the Federal Reserve Bank of New York.
-Approved, February 23, 2009 (AC)

Regulations And Policies

Trust Preferred Securities -- final rule to delay until March 31, 2011, the effective date of new limits on the inclusion of trust preferred securities and other restricted core capital elements in tier 1 capital of bank holding companies.
-Approved, March 16, 2009

Testimony And Statements

Credit Cards and Overdraft Services -- statement by Sandra F. Braunstein, director, Division of Consumer and Community Affairs, before a subcommittee of the House Committee on Financial Services on protections for consumers using credit cards and overdraft protection plans.
-Published, March 19, 2009

Financial Consumer Protection Laws -- statement by Governor Elizabeth A. Duke before the House Committee on Financial Services on efforts to address and prevent mortgage-related fraud and abusive lending practices.
-Published, March 20, 2009

Modernizing Bank Supervision and Regulation -- statement by Governor Daniel K. Tarullo before the Senate Committee on Banking, Housing, and Urban Affairs on modernizing financial supervision and regulation.
-Published, March 19, 2009

Risk Management in the Banking Industry -- statement by Roger T. Cole, director, Division of Banking Supervision and Regulation, before a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs on regulators' oversight of risk management at banking organizations.
-Published, March 18, 2009

Board Actions

Actions taken during the week ending March 21, 2009

Enforcement

Monetary and Financial Policy

Regulations And Policies

Testimony And Statements