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#   Actions under delegated authority

## Actions taken during the week ending December 17, 2005

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Bank Branches, DomesticSecretaryComerica Bank, Detroit, Michigan  -- to establish a branch at 7789 Sashabaw Road, Clarkston.					-Approved, December 14, 2005 					ClevelandFifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 1 South Dearborn Street, Suite 110, Chicago, Illinois.					-Approved, December 15, 2005 					ClevelandFifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 2934 North Milwaukee Avenue, Unit A, Chicago, Illinois.					-Approved, December 15, 2005 					Kansas CityGuaranty Bank and Trust Company, Denver, Colorado  -- to establish a branch at 2460 Baseline Road, Boulder.					-Approved, December 13, 2005 					RichmondPlanters Bank & Trust Company of Virginia, Staunton, Virginia  -- to establish a branch at 2201 Graves Mill Road, Forest.					-Approved, December 15, 2005 					AtlantaSunTrust Bank, Atlanta, Georgia  -- to establish a branch at 19391 Lansdowne Boulevard, Leesburg, Virginia.					-Approved, December 13, 2005 					

Bank Holding CompaniesChicagoBelmont Financial Group, Inc., Chicago, Illinois  -- to become a bank holding company and to acquire Belmont Bank & Trust Company, a de novo bank.					-Approved, December 15, 2005 					St. LouisBuena Vista Bancorp, Inc., Chester, Illinois  -- to acquire Citizens Community Bank of Decatur, Decatur.					-Approved, December 16, 2005 					St. LouisClay County State Bancshares, Inc., Louisville, Illinois  -- to become a bank holding company and to acquire Clay County State Bank.					-Approved, December 13, 2005 					ChicagoFirst State Associates, Inc., Hawarden, Iowa  -- to acquire the remaining 50 percent of the shares of The Hawarden Banking Company and thereby acquire First State Bank.					-Approved, December 15, 2005 					AtlantaHamilton State Bancshares, Inc., Braselton, Georgia  -- to become a bank holding company and to acquire Hamilton State Bank.					-Approved, December 15, 2005 					PhiladelphiaNational Penn Bancshares, Inc., Boyertown, Pennsylvania  -- to acquire Nittany Financial Corp., State College, and thereby acquire Nittany Bank.					-Approved, December 15, 2005 					DallasPatriot Bancshares, Inc., Houston, Texas, in formation  -- to acquire Quadco Bancshares, Inc., Ladonia, and thereby acquire Farmers & Merchants State Bank.					-Approved, December 14, 2005 					ClevelandRurban Financial Corp., Defiance, Ohio  -- to acquire Exchange Bancshares, Inc., Luckey, and thereby acquire The Exchange Bank					-Approved, December 13, 2005 					BostonSouthern Connecticut Bancorp, Inc., New Haven, Connecticut  -- to acquire The Bank of Southeastern Connecticut, New London, a de novo bank.					-Withdrawn, December 16, 2005 					San FranciscoSouthwestUSA Corporation, Las Vegas, Nevada  -- to acquire Trustar Corporation and thereby acquire Nevada Trust Company and engage in trust activities.					-Withdrawn, December 12, 2005 					ClevelandWhitaker Bank Corporation of Kentucky, Lexington, Kentucky  -- to acquire Berea Community Bank, Inc., Berea (formerly known as Berea National Bank).					-Approved, December 12, 2005 					

Bank MergersChicagoChemical Bank and Trust Company, Midland, Michigan  -- to merge with Chemical Bank West, Walker, and Chemical Bank Shoreline, Benton Harbor, and thereby establish branches.					-Approved, December 14, 2005 					SecretaryFirst Community Bank, Taos, New Mexico  -- to merge with AccessBank, Clovis, and Ranchers Banks, Belen, and thereby establish branches; and waiver of application requirement for First Community Bank's parent holding company, First State Bancorporation, Albuquerque, to acquire Access Anytime Bancorp, Inc. and New Mexico Financial Corporation, Belen, in connection with the mergers.					-Approved, December 14, 2005 					ClevelandPeoples Bank & Trust Company of Madison County, Berea, Kentucky  -- to merge with Berea Community Bank, Inc. (formerly known as Berea National Bank) and thereby establish branches.					-Approved, December 16, 2005 					

Change In Bank ControlKansas CityFirst Mountain Company, Montrose, Colorado  -- change in bank control.					-Permitted, December 13, 2005 					

Competitive Factors ReportsChicagoCommunity Bank of Central Wisconsin, Colby, Wisconsin  -- report on competitive factors of the proposed purchase of assets and assumption of liabilities of the Thorp branch of M&I Marshall & Ilsley Bank, Milwaukee.					-Submitted, December 12, 2005 					San FranciscoFrontier Bank, Everett, Washington  -- report on competitive factors of the proposed merger with NorthStar Bank, Seattle.					-Submitted, December 16, 2005 					San FranciscoGE Money Bank, Salt Lake City, Utah  -- report on competitive factors of the proposed acquisition of certain assets of Belk National Bank, Lawrenceville, Georgia.					-Submitted, December 16, 2005 					New YorkLake Shore Savings and Loan Association, Dunkirk, New York  -- report on competitive factors of the proposed merger with Lake Shore Interim Savings Bank I and Lake Shore Interim Savings Bank II in connection with the proposed conversion and reorganization of Lake Shore, MHC.					-Submitted, December 14, 2005 					ChicagoMidwest Heritage Bank FSB, Chariton, Iowa  -- report on competitive factors of the proposed transfer of assets and deposits of three of its branches to Community American Credit Union, Kansas City, Missouri.					-Submitted, December 12, 2005 					San FranciscoUnited Commercial Bank, San Francisco, California  -- report on competitive factors of the proposed merger with Great Eastern Bank, New York, New York.					-Submitted, December 15, 2005 					

Extensions Of TimeNew YorkBank of Smithtown, Smithtown, New York  -- extension to September 30, 2006, to establish a branch at 3460 Veterans Memorial Highway, Suffolk County.					-Granted, December 14, 2005 					

International OperationsDirector, BS&RJPMorgan Chase & Co., New York, New York  -- request to modify the aggregate investment limit of Regulation K for JPMorgan Chase Bank, National Association, Columbus, Ohio; J.P. Morgan International Inc., New York, New York; Bank One International Holdings Corporation, Chicago, Illinois; and J.P. Morgan International Finance Limited, Newark, Delaware.					-Approved, December 15, 2005 					

MembershipChicagoThe First National Bank of Manhattan, Manhattan, Illinois  -- to retain membership in the Federal Reserve System on conversion to a state charter.					-Approved, December 13, 2005 					MinneapolisSuperior National Bank, Superior, Wisconsin  -- to retain membership in the Federal Reserve System on conversion to a state chartered bank to be known as Superior Bank and request to exceed the limit of investment in bank premises.					-Approved, December 16, 2005 					

Regulations And PoliciesDirector, C&CARegulation C  -- annual notice of the asset-size exemption threshold for depository institutions under the Home Mortgage Disclosure Act (Docket No. R-1245).					-Approved, December 15, 2005 					SecretaryRegulation CC  -- technical amendments to Appendix A to reflect the restructuring of check processing operations in the Atlanta Federal Reserve District, and advance notice of future changes to Appendix A regarding the New York and Philadelphia Reserve Districts (Docket No. R-1244).					-Approved, December 13, 2005 					FOMCShort-term Interest Rates  -- increase in the target for the federal funds rate from 4 percent to 4-1/4 percent.					-Approved, December 13, 2005 					

Release dates | Full version (300 KB PDF)Board Actions | Actions under delegated authority  Applications and reports received:Boston | New York | Philadelphia   | Cleveland | Richmond   | AtlantaChicago | St. Louis | Minneapolis   | Kansas City | Dallas   | San Francisco
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