Board Actions

Actions taken during the week ending December 10, 2011

Testimony and Statements

Dodd-Frank Act Implementation -- statement by Governor Tarullo before the Senate Committee on Banking, Housing, and Urban Affairs on the Federal Reserve's implementation of the Dodd-Frank Act.
-Published, December 6, 2011

Bank Holding Companies

Brookline Bancorp, Inc., Brookline, Massachusetts -- to acquire Bancorp Rhode Island, Inc., Providence, Rhode Island, and Bank Rhode Island.
-Approved, December 7, 2011

Personnel

Division of International Finance -- appointment of Steven B. Kamin as director, effective December 11, 2011.
-Announced, December 8, 2011

Regulations and Policies

Market Risk Capital Rules -- publication for comment of amended interagency notice of proposed rulemaking to remove the use of credit ratings, in accordance with the Dodd-Frank Act, and incorporate alternative standards of creditworthiness to determine capital requirements for certain debt and securitization positions.
-Approved, December 7, 2011

Reserve Bank Operations

Reserve Bank Directors -- designation of chairs and deputy chairs of the twelve Federal Reserve Banks for 2012.
-Announced, December 5, 2011

Enforcement

Waccamaw Bank, Whiteville, North Carolina -- issuance of a prompt corrective action directive with the consent of the bank.
-Announced, December 6, 2011