Board Actions

International Cooperation and Financial Regulatory Modernization -- statement by Governor Daniel K. Tarullo before a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs on developments in international regulatory reform and U.S. government priorities for regulatory cooperation.
-Published, July 20, 2010

The State of U.S. Coins and Currency -- statement by Louise L. Roseman, director, Division of Reserve Bank Operations and Payment Systems, before a subcommittee of the House Committee on Financial Services on Federal Reserve activities related to currency and coin.
-Published, July 20, 2010

Morgan Stanley, New York, New York -- commenter's request for review of the Federal Reserve Bank of New York's approval of the application by Morgan Stanley to acquire Morgan Stanley Private Bank, National Association, Jersey City, New Jersey.
-Denied, July 20, 2010

The Toronto-Dominion Bank, Toronto, Canada; TD US P&C Holdings ULC, Calgary; and TD Bank US Holding Company, Portland, Maine -- to acquire The South Financial Group, Inc., Greenville, South Carolina, and its subsidiary bank, Carolina First Bank.
-Approved, July 22, 2010

Term Asset-Backed Securities Loan Facility -- agreement with the Department of the Treasury regarding a reduction of credit protection provided for the TALF under the Troubled Asset Relief Program.
-Announced, July 20, 2010

Division of Banking Supervision and Regulation -- appointment of Maryann Hunter as deputy director; Barbara Bouchard, Mike Foley, Jack Jennings, Arthur Lindo, Peter Purcell, William Spaniel, and Mark Van Der Weide as senior associate directors; Kevin Bertsch, Betsy Cross, and Nida Davis as associate directors; James Embersit as deputy associate director; Philip Aquilino, Kevin Clarke, Adrienne Haden, Anna L. Hewko, Michael Kraemer, and Richard Naylor as assistant directors; and Norah Barger as senior adviser as part of a division restructuring.
-Announced, July 20, 2010

Reserve Bank Directors -- designation of chairs and deputy chairs of the twelve Federal Reserve Banks for 2011.
-Announced, July 19, 2010

Bank VI, Salina, Kansas -- written agreement with the Federal Reserve Bank of Kansas City and the State of Kansas Office of the State Bank Commissioner.
-Announced, July 20, 2010

Cecil Bank, Elkton, Maryland -- issuance of a consent order of assessment of a civil money penalty.
-Announced, July 22, 2010

Pacific State Bank, Stockton, California -- issuance of a prompt corrective action directive against the bank.
-Announced, July 22, 2010