Board Actions

Actions taken during the week ending May 12, 2012

Bank Holding Companies

Industrial and Commercial Bank of China Limited, Beijing, People's Republic of China; China Investment Corporation; and Central Huijin Investment Ltd. -- to become bank holding companies and to acquire shares of The Bank of East Asia (U.S.A.), National Association, New York, New York (FRB Order No. 2012-4).
-Approved, May 9, 2012

Banks, Foreign

Agricultural Bank of China Limited, Beijing, People's Republic of China -- to establish a branch in New York, New York (FRB Order No. 2012-5).
-Approved, May 9, 2012

Bank of China Limited, Beijing, People's Republic of China -- to establish a branch in Chicago, Illinois (FRB Order No. 2012-6).
-Approved, May 9, 2012

Monetary and Financial Policy

Term Deposit Facility -- TDF auction of $3 billion in 28-day term deposits on May 14, 2012.
-Announced, May 9, 2012

Regulations and Policies

Stress Testing -- final interagency supervisory guidance on stress testing for banking organizations with more than $10 billion in total consolidated assets.
-Approved, May 9, 2012

Enforcement

AB&T Financial Corporation, Gastonia, North Carolina -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, May 10, 2012

ACME Holding Company, Inc., Employee Stock Ownership Plan, Mulberry, Arkansas; ACME Holding Company, Inc.; and Allied Bank -- written agreement with the Federal Reserve Bank of St. Louis.
-Announced, May 10, 2012