Board Actions

Actions taken during the week ending August 29, 2009

Enforcement

LegacyTexas Group, Inc., Plano, Texas, and LegacyTexas Bank -- written agreement with the Federal Reserve Bank of Dallas and the Texas Department of Banking.
-Announced, August 27, 2009

Virginia Business Bank, Richmond, Virginia -- written agreement with the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions.
-Announced, August 25, 2009

Monetary and Financial Policy

Term Auction Facility -- reduction in the TAF auction amounts to $75 billion in 84-day credit on September 8 and $75 billion in 28-day credit on September 21, 2009.
-Announced, August 28, 2009

Term Auction Facility -- TAF auction in the amount of $100 billion in 28-day credit on August 24, 2009.
-Announced, August 24, 2009

Regulations And Policies

Regulations H and Y -- publication for comment of interagency proposals to revise the risk-based capital adequacy standards (1) to eliminate the exclusion of certain consolidated asset-backed commercial paper programs from risk-weighted assets and (2) to reserve authority, for risk-based capital purposes, to require banking organizations to treat entities that are not consolidated under accounting standards as if they were consolidated.
-Announced, August 26, 2009

System Lending Facilities -- fifth periodic report to Congress, required by the Emergency Economic Stabilization Act, on lending facilities authorized under section 13(3) of the Federal Reserve Act.
-Approved, August 26, 2009