Board Actions

Allied Irish Banks, p.l.c., Dublin, Ireland; M&T Bank Corporation, Buffalo, New York; and First Empire State Holding Company  -- to acquire Provident Bankshares Corporation, Baltimore, Maryland, and thereby acquire Provident Bank of Maryland; and for Manufacturers and Traders Trust Company, Buffalo, to merge with Provident Bank of Maryland and thereby establish branches.
-Approved, May 8, 2009 

Bay National Corporation, Lutherville, Maryland  -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, May 6, 2009 

Cache Valley Banking Company, Logan, Utah, and Cache Valley Bank  -- cease and desist order dated March 20, 2007, terminated April 28, 2009.
-Announced, May 6, 2009 

Hometown Bancshares, Inc., Carthage, Missouri  -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, May 4, 2009 

Forms  -- final Board review to extend without revision the Recordkeeping Requirements Associated with Real Estate Appraisal Standards for Federally Related Transactions Pursuant to Regulations H and Y (FR H-4); Recordkeeping Requirements Associated with Changes in Foreign Investments (Made Pursuant to Regulation K) (FR 2064); Request for Proposal (RFP) and Request for Price Quotations (RFPQ); and Notice Requirements in Connection with Regulation W (Reg W).
-Approved, May 5, 2009 

Forms  -- initial Board review to extend without revision the reporting and disclosure requirements of Regulation P (Privacy of Consumer Financial Information).
-Proposed, May 7, 2009 

Term Auction Facility  -- TAF auction in the amount of $150 billion in 28-day credit on May 4, 2009.
-Announced, May 4, 2009 

Regulation Z (Truth in Lending)  -- final�amendments to revise disclosure requirements for mortgage loans, consistent with recent statutory changes made by the Mortgage Disclosure Improvement Act.
-Approved, May 7, 2009 

Economic Outlook  -- statement by Chairman Bernanke before the Joint Economic Committee of the U.S. Congress on recent economic developments and current conditions in financial markets.
-Published, May 5, 2009