Board Actions

Credit Ratings Agencies -- statement by Mark E. Van Der Weide, senior associate director, Division of Banking Supervision and Regulation, before a subcommittee of the House Committee on Financial Services on references to credit ratings in Board regulations and the development of alternative standards of creditworthiness.
-Published, July 27, 2011

Forms -- final Board review to extend without revision the Application for Membership in the Federal Reserve System (FR 2083-2083C), Federal Reserve Bank Stock Applications (FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, and FR 2087), and Notifications Related to Community Development and Public Welfare Investments of State Member Banks (FR H-6).
-Approved, July 28, 2011

Legal Division -- appointment of Laurie Schaffer as associate general counsel and Jean C. Anderson and Alison M. Thro as assistant general counsels, effective July 31, 2011.
-Announced, July 28, 2011

Regulation NN (Retail Foreign Exchange Transactions) -- publication for comment of a proposed rule on business-conduct standards for institutions that engage in certain foreign exchange transactions, in accordance with the Dodd-Frank Act.
-Approved, July 28, 2011

BANKWEST Financial, Inc., Rockford, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, July 28, 2011

Credit Agricole, S.A., Paris, France, and Credit Lyonnais, S.A. -- consent order dated January 8, 2004, terminated July 22, 2011.
-Announced, July 26, 2011

Naples Bancorp, Inc., Naples, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, July 28, 2011

Old Second Bancorp, Inc., Aurora, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, July 28, 2011

Plumas Bancorp, Quincy, California -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, July 28, 2011

The Royal Bank of Scotland Group plc, Edinburgh, Scotland; The Royal Bank of Scotland plc and its branches in New York and Connecticut; and The Royal Bank of Scotland N.V., Amsterdam, The Netherlands, and its branches in New York and Illinois -- issuance of a joint consent cease and desist order by the Board, New York State Banking Department, State of Connecticut Department of Banking, and State of Illinois Department of Financial and Professional Regulation.
-Announced, July 27, 2011