Board Actions

Actions taken during the week ending April 23, 2011

Testimony and Statements

Financial Literacy -- statement by Chairman Bernanke, submitted for the record of a hearing by a subcommittee of the Senate Committee on Homeland Security and Governmental Affairs on April 12, 2011, regarding the importance of financial literacy to a stable economy and the Federal Reserve's efforts to help Americans make informed financial decisions.
-Published, April 20, 2011

Regulations and Policies

Bankruptcy-Related Studies -- request for public information and comment on two studies that the Board is required to conduct, in consultation with the U.S. courts, on the resolution of financial companies under the bankruptcy code, in accordance with the Dodd-Frank Act.
-Approved, April 20, 2011

Regulation Z (Truth in Lending) -- publication for comment of proposed amendments to prohibit creditors from making mortgage loans without regard to the consumer's ability to repay and to implement limits on prepayment penalties, in accordance with the Dodd-Frank Act.
-Announced, April 19, 2011

Enforcement

Premier Bancorp, Inc., Wilmette, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, April 21, 2011

Syringa Bancorp, Boise, Idaho -- written agreement with the Federal Reserve Bank of San Francisco and the State of Idaho Department of Finance.
-Announced, April 21, 2011

TransPecos Financial Corp., San Antonio, Texas, and TransPecos Banks, Pecos -- written agreement with the Federal Reserve Bank of Dallas and the Texas Commissioner of Banking.
-Announced, April 19, 2011