Board Actions

Forms -- initial Board review to extend without revision the (1) Surveys of Board Publications (FR 1373a,b); (2) Interagency Bank Merger Act Application (FR 2070); (3) Interagency Notice of Change in Bank Control, Interagency Notice of Change in Director or Senior Executive Officer, and Interagency Biographical and Financial Report (FR 2081a,b,c); and (4) Recordkeeping and Disclosure Requirements Associated with Regulation R (FR 4025).
-Proposed, June 15, 2010

Community Reinvestment Act -- notice to hold interagency public hearings on the regulations governing procedures for assessing a financial institution's performance under the Community Reinvestment Act, and request for public comment.
-Approved, June 8, 2010
(A/C)

Credit Card Plans -- annual report to Congress on the profitability of credit card operations of depository institutions.
-Approved, June 9, 2010
(A/C)

Incentive Compensation -- final interagency guidance on incentive compensation policies at banking organizations and related supervisory initiatives.
-Approved, June 16, 2010

Regulation C (Home Mortgage Disclosure) -- notice of topics to be discussed at four public hearings on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act, and request for public comment.
-Approved, June 10, 2010
(A/C)

Regulation Z (Truth in Lending) -- final rule to protect credit card users from unreasonable late-payment and other penalty fees and to require credit card issuers to reconsider interest rate increases imposed since January 1, 2009.
-Approved, June 14, 2010

Beach Community Bancshares, Inc., Fort Walton Beach, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, June 17, 2010

Castle Rock Bank, Castle Rock, Colorado -- written agreement with the Federal Reserve Bank of Kansas City and the State of Colorado Division of Banking.
-Announced, June 14, 2010

Hampton Roads Bankshares, Inc., Norfolk, Virginia, and Bank of Hampton Roads -- written agreement with the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions.
-Announced, June 17, 2010

Mid State Banks, Inc., Hawkinsville, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the State of Georgia Department of Banking and Finance.
-Announced, June 16, 2010

Monarch Bank, Chesapeake, Virginia -- issuance of a consent order of assessment of a civil money penalty.
-Announced, June 16, 2010

Patterson Bankshares, Inc., Patterson, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the State of Georgia Department of Banking and Finance.
-Announced, June 16, 2010

Pierce Commercial Bank, Tacoma, Washington -- issuance of a prompt corrective action directive against the bank.
-Announced, June 15, 2010

Sterling Bank, Lantana, Florida -- issuance of a prompt corrective action directive against the bank.
-Announced, June 15, 2010