Board Actions

Bank of Illinois, Normal, Illinois  -- issuance of a consent prompt corrective action directive against the bank.
-Announced, December 1, 2009 

Commercial Bancshares, Inc., Bloomington, Minnesota  -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, December 1, 2009 

County Bancorp, Inc., Arlington, Washington  -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, November 30, 2009 

Ohio State Bancshares, Inc., Marion, Ohio  -- written agreement with the Federal Reserve Bank of Cleveland.
-Announced, December 2, 2009 

UBS AG, Zurich, Switzerland  -- issuance of a combined consent order of prohibition and order of assessment of a civil money penalty against Francesco Rusciano, a former institution-affiliated party.
-Announced, December 3, 2009 

Washington Bancorp, Inc., Lynnwood, Washington  -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, November 30, 2009 

Forms  -- final Board review to extend without revision the disclosure and reporting requirements of CRA-Related Agreements (Reg G), disclosure requirements of subpart H of Regulation H (Consumer Protections in Sales of Insurance) (Reg H-7), and filing requirements associated with the Domestic Branch Notification (FR 4001); and to extend with revision the Consolidated Bank Holding Company Report of Equity Investments in Nonfinancial Companies (FR Y-12).
-Approved, December 2, 2009 

Term Auction Facility  -- TAF auction in the amount of $25 billion in 42-day credit on November 30, 2009.
-Announced, November 30, 2009 

Regulation A (Extensions of Credit by Federal Reserve Banks)  -- final rule to establish a process by which the Federal Reserve Bank of New York may�determine the eligibility of credit rating agencies for the Term Asset-Backed Securities Loan Facility.
-Approved, December 4, 2009 

Confirmation Hearing  -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on his nomination to a second term as Chairman of the Board.
-Published, December 3, 2009 

Small Business Lending  -- statement by Jon D. Greenlee, associate director, Division of Banking Supervision and Regulation, before a field hearing in Southfield, Michigan, of a subcommittee of the House Committee on Financial Services on credit conditions, bank underwriting standards, and credit availability to small businesses.
-Published, November 30, 2009