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#   Actions under delegated authority

## Actions taken during the week ending October 11, 2008

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Bank Branches, DomesticRichmondHeritage Bank, Norfolk, Virginia  -- to establish a branch at 1756 Laskin Road, Virginia Beach.					-Approved, October 10, 2008 					RichmondSusquehanna Bank, Hagerstown, Maryland  -- to establish a branch at 201 International Drive, Hunt Valley.					-Approved, October 8, 2008 					

Bank Holding CompaniesKansas CityC L C Enterprises, Inc., Nelson, Nebraska  -- to engage in lending activities.					-Approved, October 7, 2008 					AtlantaCitizens Investors, LLC, Savannah, Georgia  -- to become a bank holding company and to acquire shares of First Citizens Bankshares, Inc., Glenville, and its subsidiary bank, First Citizens Bank.					-Approved, October 7, 2008 					ClevelandEmclaire Financial Corp, Emlenton, Pennsylvania  -- waiver of application to acquire Elk County Savings and Loan Association, Ridgway, in connection with its conversion from a mutual savings association to a state-chartered stock savings association and its merger with Emclaire's subsidiary bank, The Farmers National Bank of Emlenton, Emlenton.					-Granted, October 10, 2008 					New YorkEuroBancshares, Inc. San Juan, Puerto Rico  -- to engage through its subsidiary, EUBK Securities, Inc. (in formation), San Juan, in securities brokerage and riskless-principal transactions.					-Approved, October 8, 2008 					St. LouisFirst National Corporation of Wynne, Wynne, Arkansas  -- to acquire an interest in Twin Lakes Bancshares, Inc., Flippin, and thereby retain control of Twin Lakes Community Bank and indirectly acquire Smith Associated Banking Corporation, Hot Springs, and Bank of Salem, Salem.					-Withdrawn, October 9, 2008 					BostonSIS Bancorp, MHC, Sanford, Maine, and SIS Bancorp, Inc.  -- to become a mutual bank holding company and stock bank holding company, respectively, by acquiring Sanford Institution for Savings, Sanford.					-Approved, October 9, 2008 					St. LouisTwin Lakes Bancshares, Inc. Flippin, Arkansas  -- to become a bank holding company by acquiring Twin Lakes Community Bank, Flippin, and Smith Associated Banking Corporation, Hot Springs, and thereby indirectly acquire Bank of Salem, Salem, immediately following the bank holding company formation.					-Withdrawn, October 6, 2008 					SecretaryWells Fargo & Company, San Francisco, California  -- to acquire Century Bancshares, Inc., Dallas, Texas, and Century Delaware Financial Corporation, Wilmington, Delaware, and thereby indirectly acquire Century Bancshares' subsidiary bank, Century Bank, National Association, Texarkana, Texas.					-Approved, October 8, 2008 					

Change In Bank ControlAtlantaFirst Georgia Community Corp., Jackson, Georgia  -- change in bank control of First Georgia and its subsidiary bank, First Georgia Community Bank.					-Permitted, October 9, 2008 					Kansas CityWhitcorp Financial Company, Leoti, Kansas  -- change in bank control of Whitcorp, parent company of Western State Bank, Garden City, and First National Bank in Lamar, Lamar, Colorado.					-Permitted, October 6, 2008 					

Extensions Of TimeDallasFirst Artesia Bancshares, Inc., Artesia, New Mexico  -- extension to December 6, 2008, to acquire First Financial Services, Inc., Chaparral, and to engage in lending activities.					-Granted, October 8, 2008 					

Financial Holding CompaniesDirector, BS&RMitsubishi UFJ Financial Group, Inc., Tokyo, Japan; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Mitsubishi UFJ Trust and Banking Corporation; UnionBanCal Corporation, San Francisco, California  -- elections to become financial holding companies.					-Effective, October 6, 2008 					

MembershipSt. LouisLiberty Bank of Arkansas, Jonesboro, Arkansas  -- to become a member of the Federal Reserve System and establish its wholly owned insurance company, Town & Country Insurance Agency, Inc., Jonesboro, as a financial subsidiary.					-Approved, October 8, 2008 					

Regulations And PoliciesFOMCFederal Open Market Committee  -- minutes of the meeting held on September 16, 2008.					-Published, October 7, 2008 					FOMCShort-term Interest Rates  -- decrease in the target for the federal funds rate from 2 percent to 1-1/2 percent.					-Approved, October 7, 2008 					

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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