Board Actions

Actions taken during the week ending October 3, 2009

Bank Holding Companies

Sandhills Bancshares, Inc., Iraan, Texas -- to become a bank holding company and to acquire TransPecos Banks-Iraan, Iraan.
-Approved, September 30, 2009

Enforcement

Coastal Financial Corporation, Everett, Washington, and Coastal Community Bank -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, October 1, 2009

First Utah Bank, Salt Lake City, Utah -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, September 29, 2009

Regulations And Policies

Regulation Z (Truth in Lending) -- publication for comment of amendments to�implement certain provisions of the Credit Card Accountability Responsibility and Disclosure Act.
-Approved, September 28, 2009

Reserve Bank Operations

Federal Reserve Bank of Minneapolis -- appointment of Narayana Kocherlakota as president, effective on or after October 5, 2009.
-Approved, September 29, 2009

Testimony And Statements

Financial Regulation -- statement by Governor Tarullo before a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs on the role of international cooperation in modernizing financial regulation.
-Published, September 30, 2009

Regulatory Reform -- statement by Chairman Bernanke before the House Committee on Financial Services on ways to improve the financial regulatory framework to better protect against systemic risks.
-Published, October 1, 2009