Board Actions

Actions taken during the week ending February 26, 2011

Testimony and Statements

Monetary Policy -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on March 1, and the House Committee on Financial Services on March 2, 2011, on the semiannual monetary policy report to the Congress.
-Discussed, February 24, 2011

Forms

Forms -- final Board review to extend with revision the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C), Parent Company Only Financial Statements for Large Bank Holding Companies (FR Y-9LP), 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), and Consolidated Report of Condition and Income for Edge and Agreement Corporations (FR 2886b).
-Approved, February 22, 2011

Forms -- initial Board review to extend without revision the disclosure requirements in connection with Regulation DD (Truth in Savings).
-Proposed, February 22, 2011

Monetary and Financial Policy

Monetary Policy -- semiannual monetary policy report to the Congress.
-Authorized, February 22, 2011

Personnel

Division of Monetary Affairs -- appointment of J. David Lopez-Salido as assistant director and Ellen Meade as senior adviser.
-Announced, February 24, 2011

Regulations and Policies

Regulation Z (Truth in Lending) -- final rule and request for public comment on a second rule to revise the escrow account requirements for certain home mortgage loans in accordance with the Dodd-Frank Act.
-Approved, February 22, 2011

Enforcement

American Bancorporation of Minnesota, Inc., Baxter, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, February 22, 2011

Eastern Virginia Bankshares, Inc., Tappahannock, Virginia, and EVB -- written agreement with the Federal Reserve Bank of Richmond and the State Corporation Commission Bureau of Financial Institutions.
-Announced, February 22, 2011

Marquette Financial Companies, Minneapolis, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, February 22, 2011

National Bancorp, Inc., Schaumburg, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, February 22, 2011