Board Actions

Actions taken during the week ending November 28, 2009

Banking Supervision & Regulation

GMAC Trust Agreement Amendments -- consent by the Board to certain amendments to the GMAC Trust Agreement that grant the Department of the Treasury and the United Auto Workers a security interest in the trust's property.
-Approved, November 18, 2009 (AC)

Enforcement

The Bank Holdings, Reno, Nevada -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, November 25, 2009

Hillcrest Bancshares, Inc., Overland Park, Kansas -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, November 27, 2009

Home Valley Bancorp, Inc., Grants Pass, Oregon, and Home Valley Bank -- written agreement with the Federal Reserve Bank of San Francisco and the Oregon Department of Consumer and Business Services, Division of Finance and Corporate Securities.
-Announced, November 25, 2009

Regulations And Policies

Regulation GG (Prohibition on Funding of Unlawful Internet Gambling) -- extension to June 1, 2010, of the compliance date for the interagency final rule implementing certain provisions of the Unlawful Internet Gambling Enforcement Act.
-Approved, November 25, 2009

Reserve Bank Operations

Reserve Bank Directors -- revisions to the Board's policy on eligibility, qualifications, and rotation for directors of Federal Reserve Banks and their Branches.
-Approved, November 17, 2009 (AC)