Board Actions

Actions taken during the week ending February 25, 2012

Testimony and Statements

Monetary Policy -- statement by Chairman Bernanke before the House Committee on Financial Services on February 29 and the Senate Committee on Banking, Housing, and Urban Affairs on March 1, 2012, on the semiannual monetary policy report to the Congress.
-Discussed, February 23, 2012

Bank Holding Companies

Hana Financial Group Inc., Seoul, Korea -- to acquire indirect controlling interests in KEB NY Financial Corp., New York, New York, and KEB LA Financial Corp., Los Angeles, California, and thereby engage in certain nonbanking activities.
-Approved, February 8, 2012
(A/C)

Monetary and Financial Policy

Monetary Policy -- semiannual monetary policy report to the Congress.
-Authorized, February 21, 2012

Enforcement

Commerce Bancshares, Inc., Edina, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.
-Announced, February 23, 2012