Board Actions

Economic and Financial Conditions -- statement by Chairman Bernanke before the House Committee on the Budget on current economic and financial conditions and issues pertaining to the federal budget.
-Published, June 9, 2010

City Holding Company, Charleston,West Virginia -- to increase its ownership interest in First United Corporation, Oakland, Maryland, and thereby increase its indirect interest in First United's subsidiary bank, First United Bank & Trust, Oakland, and election to become a financial holding company.
-Approved, June 8, 2010

Forms -- final Board review to extend without revision the following reports: (1) Survey to Obtain Information on the Relevant Market in Individual Merger Cases (FR 2060), (2) Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted (FR 4006), (3) Stock Redemption Notification (FR 4008), (4) Notice Claiming Status as an Exempt Transfer Agent (FR 4013), (5) Investment in Bank Premises Notification (FR 4014), and (6) six information collections related to the Gramm-Leach-Bliley Act (FR 4010, FR 4011, FR 4012, FR 4017, FR 4019, and FR 4023); and to extend with revision the (1) Report of Terms of Credit Card Plans (FR 2572), (2) Report of Terms of Credit Card Plans Supplemental Survey (FR 2572S), and (3) Report of Selected Balance Sheet Items for Discount Window Borrowers (FR 2046).
-Approved, June 8, 2010

Forms -- initial Board review to extend with revision the voluntary Intermittent Survey of Businesses (FR 1374).
-Proposed, June 8, 2010

Big Sandy Holding Company, Limon, Colorado -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, June 8, 2010

Border Bancshares, Inc., Greenbush, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, June 7, 2010

Citizens Commerce Bancshares, Inc., Versailles, Kentucky -- written agreement with the Federal Reserve Bank of Cleveland.
-Announced, June 8, 2010

Cowlitz Bancorporation, Longview, Washington -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, June 7, 2010

First Bancorp, San Juan, Puerto Rico -- written agreement with the Federal Reserve Bank of New York.
-Announced, June 8, 2010

First Bankshares, Inc., Winter Park, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, June 7, 2010

Heritage Bank, Topeka, Kansas -- issuance of a consent order of prohibition against Gregory L. Fankhauser, a former president, chief executive officer, and institution-affiliated party of the bank.
-Announced, June 7, 2010

Patriot National Bancorp, Inc., Stamford, Connecticut -- written agreement with the Federal Reserve Bank of New York.
-Announced, June 10, 2010

PremierWest Bancorp, Medford, Oregon -- written agreement with the Federal Reserve Bank of San Francisco and the Oregon Department of Consumer and Business Services, Division of Finance and Corporate Securities.
-Announced, June 9, 2010

SouthwestUSA Corporation, Las Vegas, Nevada -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, June 9, 2010

Village Bancorp, St. George, Utah -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, June 10, 2010