Board Actions

Profinium Financial Holdings, Inc., Fairmont, Minnesota, and Profinium Financial, Inc., Truman  -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, July 14, 2009 

Monetary Policy  -- semiannual monetary policy report to the Congress.
-Authorized, July 14, 2009 

Term Auction Facility  -- TAF auction in the amount of $125 billion in 84-day credit on July 13, 2009.
-Announced, July 13, 2009 

Division of Research and Statistics  -- appointment of Alice Patricia White, J. Nellie Liang, David Reifschneider, and William L. Wascher as senior associate directors; Michael C. Gibson, Wayne Passmore, and Daniel E. Sichel as associate directors; Daniel Covitz, David E. Lebow, Matthew Eichner, Diana Hancock, Michael Palumbo, and Michael Cringoli as deputy associate directors; Andreas Lehnert, Sean Campbell, Joshua Gallin, and Sandra Cannon as assistant directors; and Patrick M. Parkinson as senior adviser.
-Announced, July 15, 2009 

Management Division  -- appointment of Karen Vassallo as assistant director.
-Announced, July 17, 2009 

Flood Insurance  -- final revised interagency questions and answers regarding responsibilities and requirements for financial institutions and the public under federal flood insurance legislation and publication for comment of several new proposed questions and answers to provide additional clarification.
-Approved, July 14, 2009 

One-Dollar Coin  -- annual report to the Congress on the Presidential $1 Coin Program.
-Approved, July 14, 2009 

Regulation Z (Truth in Lending)  -- interim final rule with request for comment to implement certain provisions of the Credit Card Accountability Responsibility and Disclosure Act regarding advance notice of rate increases, changes in terms of credit card accounts, and prescribed time period before payment is due.
-Approved, July 15, 2009 

Consumer Protection  -- statement by Governor Duke before a subcommittee of the House Committee on Financial Services on regulatory restructuring and the role of the Federal Reserve in consumer protection.
-Published, July 16, 2009 

Monetary Policy  -- statement by Chairman Bernanke before the House Committee on Financial Services on July 21 and before the Senate Committee on Banking, Housing, and Urban Affairs on July 22, 2009, on the semiannual monetary policy report to the Congress.
-Discussed, July 17, 2009