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#   Actions under delegated authority

## Actions taken during the week ending December 20, 2008

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Bank Branches, DomesticAtlantaCompass Bank, Birmingham, Alabama  -- to establish branches at 2134 Rayford Road, Spring, Texas; 14213 Cypress Rosehill Road, Cypress; and 11091 Broadway Street, Pearland.					-Approved, December 15, 2008 					New YorkManufacturers and Traders Trust Company, Buffalo, New York  -- to establish branches at 19209 A-B Chennault Way, Gaithersburg, Maryland; 5910 Executive Boulevard, Rockville; and 910 South Richland Avenue, Spring Garden Township, Pennsylvania.					-Approved, December 19, 2008 					MinneapolisSecurity Financial Bank, Durand, Wisconsin  -- to establish a branch at 3506 Oakwood Mall Drive, Suite A, Eau Claire.					-Approved, December 18, 2008 					

Bank Holding CompaniesAtlantaBancTenn Corp., Kingsport, Tennessee  -- to acquire shares of Paragon Commercial Corporation, Raleigh, North Carolina, and its subsidiary bank, Paragon Commercial Bank.					-Approved, December 19, 2008 					RichmondCapGen Capital Group II, LLC, New York, New York, and CapGen Capital Group II, LP  -- to become bank holding companies and to acquire shares of PacWest Bancorp, San Diego, California, and thereby indirectly acquire Pacific Western Bank.					-Approved, December 19, 2008 					AtlantaFlorida Commerce Bancorp, Inc., Fort Myers, Florida  -- relief from a commitment.					-Returned, December 18, 2008 					RichmondHampton Roads Bankshares, Inc., Norfolk, Virginia  -- to acquire Gateway Financial Holdings, Inc., Virginia Beach, and thereby indirectly acquire its subsidiary bank, Gateway Bank and Trust Co., Elizabeth City, North Carolina.					-Approved, December 16, 2008 					Kansas CityHigh Country Bancorp, Inc., Salida, Colorado  -- to become a bank holding company and to acquire High Country Bank, Salida.					-Withdrawn, December 16, 2008 					Kansas CityUnion State Banc Holding Company, Clay Center, Kansas  -- to become a bank holding company and to acquire Union State Bank, Clay Center.					-Approved, December 17, 2008 					

Bank MergersChicagoParamount Bank, Farmington Hills, Michigan  -- to merge with Paramount Bank, Las Vegas, Nevada, and thereby establish a branch at 7795 West Sahara Avenue.					-Approved, December 17, 2008 					

Banks, ForeignDirector, BS&RMonte de Piedad y Caja de Ahorros San Fernando de Huelva, Jerez y Sevilla, Seville, Spain  -- to establish a representative office in Miami, Florida.					-Approved, December 19, 2008 					

Change In Bank ControlSan FranciscoFife Commercial Bank 401K Employee Stock Ownership Plan, Fife, Washington  -- to acquire an interest in Puget Sound Financial Services, Inc., Fife, and its subsidiary bank, Fife Commercial Bank.  					-Permitted, December 9, 2008 					(AC)DallasMNB Ventures, Inc., Mercedes, Texas  -- change in control of MNB Ventures and its subsidiary bank, Texas National Bank, Mercedes.					-Permitted, December 15, 2008 					

Extensions Of TimeSan FranciscoGateway Pacific Bancorp, National City, California  -- extension to March 16, 2009, to become a bank holding company and to acquire Gateway Pacific Bank (in organization), National City.					-Granted, December 17, 2008 					San FranciscoNHB Holdings, Inc., Jacksonville, Florida, and Proficio Mortgage Ventures, LLC  -- extension to March 18, 2009, to engage de novo in a joint venture with Mainsail Capital, Jacksonville, and Trinity Venture Partners in conducting mortgage banking activities.					-Granted, December 18, 2008 					New YorkOrange County Trust Company, Middletown, New York  -- extension to August 8, 2009, to establish a branch at 91 Brookside Avenue, Middletown. 					-Granted, December 19, 2008 					

Financial Holding CompaniesChicagoFSB Financial Services, Inc., Waterloo, Iowa  -- election to become a financial holding company.					-Effective, December 17, 2008 					St. LouisTate Financial Corporation, Senatobia, Mississippi  -- election to become a financial holding company.					-Effective, December 19, 2008 					

Regulations And PoliciesSecretaryRegulation BB (Community Reinvestment)  -- interagency annual adjustment to the asset-size exemption thresholds used to define "small bank" and "intermediate small bank" under the Community Reinvestment Act regulations.					-Approved, December 16, 2008 					Director, C&CARegulation C (Home Mortgage Disclosure)  -- annual notice of the asset-size exemption threshold for depository institutions under the Home Mortgage Disclosure Act.					-Approved, December 17, 2008 					SecretaryRegulation CC (Availability of Funds and Collection of Checks)  -- technical amendments to Appendix A to reflect the restructuring of check processing operations in the Atlanta and St. Louis Federal Reserve Districts.					-Approved, December 15, 2008 					SecretaryRegulation Z (Truth in Lending)  -- extension to February 9, 2009, of the comment period on amendments to revise the disclosure requirements for mortgage loans consistent with recent statutory changes made by the Mortgage Disclosure Improvement Act.					-Approved, December 15, 2008 					FOMCShort-Term Interest Rates  -- decrease in the target for the federal funds rate from 1 percent by establishing a target range of 0 to 1/4 percent.					-Approved, December 16, 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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