Board Actions

Actions taken during the week ending May 2, 2009

Enforcement

Cooperative Bankshares, Inc., Wilmington, North Carolina -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, April 29, 2009

Heritage Bank, Topeka, Kansas -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, April 30, 2009

Forms

Forms -- final 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).
-Approved, April 30, 2009

Monetary and Financial Policy

Term Asset-Backed Securities Loan Facility -- expansion of the types of eligible collateral to include commercial mortgage-backed securities and securities backed by insurance-premium-finance loans; authorization of five-year maturities for certain TALF loans; and other changes, starting in June 2009.
-Approved, April 30, 2009

Regulations And Policies

System Lending Facilities -- third periodic report to the Congress, required by the Emergency Economic Stabilization Act, on the outstanding lending facilities authorized under section 13(3) of the Federal Reserve Act.
-Approved, April 26, 2009

Testimony And Statements

Financial Literacy -- statement by Sandra F. Braunstein, director, Division of Consumer and Community Affairs, before a subcommittee of the Senate Committee on Homeland Security and Governmental Affairs on financial education and consumer outreach.
-Published, April 29, 2009