Board Actions

Actions taken during the week ending May 14, 2011

Testimony and Statements

Systemic Risk and Financial Stability -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on the Federal Reserve's role in monitoring systemic risk and promoting financial stability.
-Published, May 12, 2011

Bank Holding Companies

Hancock Holding Company, Gulfport, Mississippi -- to acquire Whitney Holding Corporation, New Orleans, Louisiana, and indirectly acquire Whitney National Bank.
-Approved, May 10, 2011

Forms

Forms -- final Board review to extend without revision the disclosure requirements of Regulation DD (Truth in Savings).
-Approved, May 9, 2011

Personnel

Office of Inspector General -- appointment of Elise M. Ennis as acting inspector general.
-Announced, May 10, 2011

Regulations and Policies

Regulation E (Electronic Fund Transfers) -- publication for comment of amendments to implement provisions of the Dodd-Frank Act that provide new protections, disclosures, and error resolution rights for consumers who send remittance transfers to recipients in foreign countries.
-Approved, May 11, 2011

Enforcement

HCSB Financial Corporation, Loris, South Carolina -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, May 12, 2011

Johnson Financial Group, Inc., Racine, Wisconsin, and Johnson Bank -- written agreement with the Federal Reserve Bank of Chicago and the State of Wisconsin Department of Financial Institutions.
-Announced, May 12, 2011

Liberty Shares, Inc., Hinesville, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
-Announced, May 12, 2011

Metropolitan Bank Group, Inc., Chicago, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, May 12, 2011

Mid-Wisconsin Financial Services, Inc., Medford, Wisconsin -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, May 12, 2011