Board Actions

Actions taken during the week ending October 30, 2010

Bank Holding Companies

JPMorgan Chase & Co., New York, New York, and JPMorgan Chase Bank, Dearborn, Dearborn, Michigan -- request to exempt JPMorgan Chase Bank, Dearborn from application of the advanced approaches risk-based capital rule.
-Approved, October 26, 2010

MetLife, Inc., New York, New York -- to acquire American International Group's subsidiaries, American Life Insurance Company, Wilmington, Delaware, and Delaware American Life Insurance Company.
-Approved, October 29, 2010

SKBHC Holdings, LLC, Corona del Mar, California -- to become a bank holding company and to acquire Starbuck Bancshares, Inc., Starbuck, Minnesota, and indirectly acquire The First National Bank of Starbuck.
-Approved, October 26, 2010

Forms

Forms -- final Board review to extend without revision the Compensation and Salary Surveys (FR 29a and FR 29b).
-Approved, October 25, 2010

Forms -- initial Board review to extend with revision the Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies (FR Y-11), Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314), Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y-7N), Consolidated Report of Condition and Income for Edge and Agreement Corporations (FR 2886b), Consolidated Financial Statements for Bank Holding Companies (FR Y-9C), and Parent Company Only Financial Statements for Large Bank Holding Companies (FR Y-9LP).
-Proposed, October 26, 2010

Reserve Bank Services

Federal Reserve Priced Services -- 2011 fee schedules for priced services and electronic access, and the private sector adjustment factor.
-Approved, October 27, 2010

Enforcement

CCF Holding Company, Jonesboro, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
-Announced, October 28, 2010

First Commercial Bank of Florida, Orlando, Florida -- issuance of a prompt corrective action directive with the consent of the bank.
-Announced, October 28, 2010

First Southwest Bancorporation, Inc., Alamosa, Colorado -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, October 26, 2010

FNB United Corp., Asheboro, North Carolina -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, October 26, 2010

Omega Capital Corp., Centennial, Colorado -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, October 28, 2010