Board Actions

Dodd-Frank Act -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on the first anniversary of the Dodd-Frank Act.
-Published, July 21, 2011

Forms -- final Board review to extend without revision the Basel II Interagency Pillar 2 Supervisory Guidance (FR 4199).
-Approved, July 21, 2011

Term Deposit Facility -- TDF auction of $5 billion in 28-day term deposits on July 25, 2011.
-Announced, July 20, 2011

Division of Banking Supervision and Regulation -- appointment of Kirk Odegard, Michael Sexton, and Richard Watkins as assistant directors and of Richard A. Naylor and Lisa DeFerrari as deputy associate directors.
-Announced, July 18, 2011

Management Division -- appointment of Tara Pelitere as associate director and of Elaine Boutilier as senior adviser.
-Announced, July 18, 2011

Office of the Secretary -- appointment of Michael J. Lewandowski as assistant secretary.
-Announced, July 18, 2011

Automated Clearinghouse and Foreign Remittance -- report to Congress on the use of the automated clearinghouse system for remittance transfers to foreign countries, in accordance with the Dodd-Frank Act.
-Approved, July 13, 2011
(A/C)

Bankruptcy-Related Studies -- reports to Congress on two studies conducted by the Board, in consultation with the U.S. courts, on (1) the resolution of financial companies under the bankruptcy code and (2) international coordination relating to bankruptcy process for nonbank financial institutions, as required by the Dodd-Frank Act.
-Approved, July 13, 2011
(A/C)

Credit Rating References -- report to Congress regarding the use of credit rating references in Board regulations and efforts to develop alternative standards of creditworthiness, in accordance with the Dodd-Frank Act.
-Approved, July 21, 2011

Prepaid Cards -- report to Congress on government-administered, general-use prepaid cards, in accordance with the Dodd-Frank Act.
-Approved, July 20, 2011

Risk Management Supervision -- joint report to Congress on risk management supervision of designated clearing entities, in accordance with the Dodd-Frank Act.
-Approved, July 18, 2011

Savings and Loan Holding Company Supervision -- publication for comment of notice of the Board's intention to continue to enforce certain Office of Thrift Supervision regulations after assuming supervisory responsibility for savings and loan holding companies and their non-depository subsidiaries from the OTS in July 2011, in accordance with the Dodd-Frank Act.
-Announced, July 21, 2011

Alterra Bank (formerly 1st Financial Bank), Overland Park, Kansas -- written agreement dated June 16, 2009, terminated June 29, 2011.
-Announced, July 21, 2011

Jones Bancshares, L.P., Waycross, Georgia, and PrimeSouth Bancshares, Inc. -- written agreement with the Federal Reserve Bank of Atlanta and the State of Georgia Department of Banking and Finance.
-Announced, July 19, 2011

Wells Fargo & Company, San Francisco, California, and Wells Fargo Financial, Inc., Des Moines, Iowa -- issuance of a consent cease and desist order and order of assessment of a civil money penalty.
-Announced, July 20, 2011

West Pointe Bancshares, Inc., Oshkosh, Wisconsin -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, July 21, 2011