Board Actions

Regulatory Reform Implementation -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on the Federal Reserve's implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
-Published, September 30, 2010

Community Depository Institutions Advisory Council -- to form the CDIAC by expanding and renaming the Thrift Institutions Advisory Council.
-Announced, October 1, 2010

American International Group, Inc., New York, New York -- authorization for the Federal Reserve Bank of New York to take certain actions to facilitate the Department of the Treasury's proposal to restructure the government's support for AIG.
-Approved, September 29, 2010

Term Deposit Facility -- TDF small-value auction of $5 billion in 28-day term deposits on October 4, 2010.
-Announced, September 30, 2010

Payment System Risk Policy -- implementation date of March 24, 2011, for the 2008 revisions to the Board's policy on Payment System Risk.
-Announced, September 30, 2010

Regulation BB (Community Reinvestment) -- final interagency rules to implement statutory provisions that require the financial regulatory agencies to consider low-cost education loans to low-income borrowers, and that allow the agencies to consider certain activities undertaken in cooperation with minority- or women-owned institutions or low-income credit unions, when assessing a financial institution's record of meeting community credit needs.
-Announced, September 29, 2010

First Heritage Corporation, Carthage, Mississippi -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, September 29, 2010

Monarch Community Bancorp, Inc., Coldwater, Michigan -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, September 27, 2010