Board Actions

Actions taken during the week ending October 10, 2009

Enforcement

Eurobancshares, Inc., San Juan, Puerto Rico -- written agreement with the Federal Reserve Bank of New York.
-Announced, October 6, 2009

San Joaquin Bank, Bakersfield, California -- issuance of a consent prompt corrective action directive against the bank.
-Announced, October 5, 2009

Wellington State Bank, Wellington, Texas -- issuance of a consent order of assesssment of a civil money penalty.
-Announced, October 6, 2009

Monetary and Financial Policy

Term Asset-Backed Securities Loan Facility -- (1) publication for comment of amendments to Regulation A (Extensions of Credit by Federal Reserve Banks) to establish criteria for determining the eligibility of credit rating agencies and their ratings for use in the TALF and (2) enhanced credit review procedures for TALF collateral.
-Announced, October 5, 2009

Term Auction Facility -- TAF auction in the amount of $50 billion in 70-day credit on October 5, 2009.
-Announced, October 5, 2009