Board Actions

Actions taken during the week ending March 20, 2010

Testimony and Statements

Bank Supervision -- statement by Chairman Bernanke before the House Committee on Financial Services on the Federal Reserve's role in bank supervision and actions the Federal Reserve is taking to strengthen its supervisory oversight.
-Published, March 17, 2010

Insurance Holding Company Supervision -- statement by Jon D. Greenlee, associate director, Division of Banking Supervision and Regulation, before a subcommittee of the House Committee on Financial Services on the supervision and oversight of insurance companies.
-Published, March 18, 2010

Forms

Forms -- initial Board review to extend without revision the Notification of Nonfinancial Data Processing Activities (FR 4021) and to discontinue the Survey of Financial Management Behaviors of Military Personnel (FR 1375).
-Approved, March 19, 2010

Forms -- final Board review to implement the Senior Credit Officer Opinion Survey on Dealer Financing Terms (FR 2034).
-Approved, March 19, 2010

Regulations and Policies

Liquidity Risk Management -- final interagency guidance to provide consistent interagency supervisory expectations on sound practices for managing funding and liquidity risk.
-Approved, March 12, 2010
(A/C)

Termination of Temporary Exemptions -- termination of temporary exemptions from section 23A of the Federal Reserve Act that allowed banks to provide funds for certain securities-financing transactions, in conjunction with the termination of the special-accommodation discount window program.
-Approved, March 17, 2010

Reserve Bank Operations

Reserve Bank Directors -- revision to the Guide to Conduct for Reserve Bank and Branch Directors to require each Bank to adopt a policy governing director involvement in procurement matters.
-Approved, March 17, 2010

Enforcement

First Chicago Bancorp, Chicago, Illinois, and First Chicago Bank & Trust -- written agreement with the Federal Reserve Bank of Chicago and the Illinois Department of Financial and Professional Regulation, Division of Banking.
-Announced, March 15, 2010

FNB Bancorp, Layton, Utah -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, March 15, 2010