Board Actions

Banking Supervision -- statement by Kevin M. Bertsch, associate director, Division of Banking Supervision and Regulation, before a subcommittee of the House Committee on Financial Services on the Federal Reserve's perspective on the Financial Institutions Examination Fairness and Reform Act (H.R. 3461).
-Published, February 1, 2012

The Economic Outlook and the Federal Budget -- statement by Chairman Bernanke before the House Committee on the Budget on February 2 and the Senate Committee on the Budget on February 7, 2012, on the economic outlook, monetary policy, and the challenges facing federal fiscal policymakers.
-Published, February 2, 2012

Division of Information Technology -- appointment of Lisa M. Bell, Raymond Romero, and Kofi A. Sapong as associate directors; William K. Dennison, Glenn Eskow, Marietta Murphy, Kassandra Arana Quimby, Sheryl L. Warren, and Rajasekhar Yelisetty as deputy associate directors; Theresa Palya, Virginia Wall, Edgar Wang, and Charles B. Young as assistant directors; and Tom Nguyen as adviser.
-Approved, February 1, 2012

Junior Lien Loan Loss Allowances -- interagency supervisory guidance on allowance for loan and lease losses estimation practices associated with loans and lines of credit secured by junior liens on one- to four-family residential properties.
-Announced, January 31, 2012

Bank of Bartlett, Bartlett, Tennessee -- issuance of a prompt corrective action directive with the consent of the bank.
-Announced, January 31, 2012

Capitol City Bancshares, Inc., Atlanta, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the State of Georgia Department of Banking and Finance.
-Announced, January 31, 2012