Board Actions

Actions taken during the week ending June 26, 2010

Forms

Forms -- final review to extend without revision the reporting and disclosure requirements relating to the Policy on Payments System Risk (FR 4102).
-Approved, June 23, 2010

Monetary and Financial Policy

Term Deposit Facility -- TDF small-value auction of $2 billion in 28-day term deposits on June 28, 2010.
-Announced, June 24, 2010

Regulations and Policies

Host-State Lending Ratios -- interagency release of the host-state loan-to-deposit ratios used by the banking agencies to determine compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act.
-Published, June 24, 2010

Payment System Risk Policy -- daylight-overdraft posting rules for an opt-in, same-day settlement service for certain automated clearing house debit payments, effective August 2, 2010.
-Announced, June 21, 2010

Enforcement

Dearborn Bancorp, Inc., Dearborn, Michigan -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, June 21, 2010

First Capital West Bankshares, Inc., Laramie, Wyoming -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, June 22, 2010

Lincoln County Bancorp, Inc., Troy, Missouri, and Peoples Bank and Trust Company -- written agreement with the Federal Reserve Bank of St. Louis.
-Announced, June 21, 2010

Metro Bank of Dade County, Miami, Florida -- issuance of a consent prompt corrective action directive against the bank.
-Announced, June 21, 2010

Mission Oaks Bancorp, Temecula, California -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, June 24, 2010

Thunder Bank, Sylvan Grove, Kansas -- issuance of a prompt corrective action directive against the bank.
-Approved, June 21, 2010

Waccamaw Bankshares, Inc., Whiteville, North Carolina, and Waccamaw Bank -- written agreement with the Federal Reserve Bank of Richmond and the State of North Carolina, Office of the Commissioner of Banks.
-Announced, June 22, 2010