FRB: H.2--Board Actions--Week ending July 25, 2009

Bank of Elmwood, Racine, Wisconsin -- issuance of a consent prompt corrective action directive against the bank.
-Announced, July 23, 2009

Crescent Banking Company, Jasper, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
-Announced, July 23, 2009

First Flo Corporation, Florence, Colorado -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, July 22, 2009

North Georgia Bancorp, Inc., Watkinsville, Georgia -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, July 20, 2009

PAB Bankshares, Inc., Valdosta, Georgia, and The Park Avenue Bank -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
-Announced, July 20, 2009

Forms

Forms -- final Board review to extend without revision the reporting and disclosure requirements of Regulation P.
-Approved, July 22, 2009

Monetary and Financial Policy

Term Auction Facility -- reduction in the TAF auction amounts to $100 billion in 84-day credit on August 10 and $100 billion in 28-day credit on August 24, 2009.
-Announced, July 24, 2009

Personnel

Division of Banking Supervision and Regulation -- designation of Esther George, executive vice president, Federal Reserve Bank of Kansas City, as acting director.
-Announced, July 20, 2009

Office of Board Members -- appointment of Linda L. Robertson as assistant to the Board.
-Announced, July 20, 2009

Regulations And Policies

Regulation Z (Truth in Lending) -- publication for comment of amendments to improve disclosures to consumers in connection with closed-end mortgages and home equity lines of credit.
-Approved, July 23, 2009

Reserve Bank Operations

Reserve Bank Directors -- appointment of a director of the Federal Reserve Bank of New York.
-Approved, July 20, 2009

Testimony And Statements

Regulatory Restructuring -- statement by Governor Tarullo before the Senate Committee on Banking, Housing, and Urban Affairs on how to improve the financial regulatory system and contain systemic risk.
-Published, July 23, 2009

Regulatory Restructuring -- statement by Chairman Bernanke before the House Committee on Financial Services on how to improve the financial regulatory system and contain systemic risk.
-Published, July 24, 2009

Board Actions

Actions taken during the week ending July 25, 2009