Board Actions

Actions taken during the week ending April 4, 2009

Bank Holding Companies

Government of Singapore Investment Corporation Pte., Ltd., Singapore -- request for a determination that Government of Singapore Investment Corporation (GIC) would not be deemed to control Citigroup Inc., New York, New York, under the Bank Holding Company Act as a result of GIC's participation in a share-exchange offer made by Citigroup; related change in bank control notice; and waiver of public comment period on the notice.
-Approved, March 23, 2009 (AC)

Banks, Nonmember, And Miscellaneous Institutions

ING Bank, fsb, Wilmington, Delaware -- request for an exemption from section 23A of the Federal Reserve Act and Regulation W to allow ING Bank to transfer its participation interest in certain mortgage-backed securities to its Dutch affiliate, ING Support Holdings B.V., and�to receive from that affiliate an assignment of its right to payments by the Dutch government.
-Granted, March 30, 2009

Enforcement

BankEast Corporation, Knoxville, Tennessee, and BankEast -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, March 30, 2009

Blossman Bancshares, Inc., Lacombe, Louisiana -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Louisiana.
-Announced, April 2, 2009

Heritage Bank, Topeka, Kansas -- issuance of a consent prompt corrective action directive against Heritage Bank.
-Announced, March 31, 2009

WestLB AG, Dusseldorf, Germany, and its New York, New York, branch -- cease and desist order dated August 27, 2003, terminated March 30, 2009.
-Announced, April 2, 2009