Board Actions

Actions taken during the week ending October 6, 2012

Regulations and Policies

Regulation YY (Enhanced Prudential Standards) -- final rules implementing the stress test requirements of the Dodd-Frank Act.
-Approved, October 4, 2012

Enforcement

American Express Company, New York, New York, and American Express Travel Related Services Company, Inc. -- issuance of a consent cease and desist order and assessment of a civil money penalty.
-Announced, October 1, 2012

Northeast Securities Corporation, Minneapolis, Minnesota -- written agreement dated May 24, 2010, terminated October 1, 2012.
-Announced, October 4, 2012

SouthFirst Bancshares, Inc., Sylacauga, Alabama -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, October 2, 2012

TCSB Bancorp, Inc., Traverse City, Michigan -- written agreement dated December 6, 2010, terminated September 27, 2012.
-Announced, October 4, 2012

West Concord Bancshares, Inc., West Concord, Minnesota, and Farmers State Bank of West Concord -- written agreement dated November 6, 2009, terminated September 27, 2012.
-Announced, October 2, 2012