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

#   Board Actions 

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

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Bank Holding CompaniesThe PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania  -- to acquire�National City Corporation, Cleveland, Ohio, and thereby indirectly acquire National City's subsidiary bank, National City Bank.     					-Approved, December 15, 2008 					

Discount RatesDiscount and Advance Rates  -- decrease in the primary credit rate from 1-1/4 percent to 1/2 percent by the Federal Reserve Banks of New York, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, and San Francisco.					-Approved, December 16, 2008 					Discount and Advance Rates  -- decrease in the primary credit rate from 1-1/4 percent to 1/2 percent by the Federal Reserve Banks of Boston and Dallas.					-Approved, December 17, 2008 					Discount and Advance Rates  -- decrease in the primary credit rate from 1-1/4 percent to 1/2 percent by the Federal Reserve Bank of Philadelphia.					-Approved, December 18, 2008 					

EnforcementFifth Third Bank, Grand Rapids, Michigan  -- issuance of a final decision and order of prohibition and restitution against Kelly M. Dulaney, a former employee.					-Announced, December 15, 2008 					The Templar Fund, Inc., St. Louis, Missouri; Truman Bancorp, Inc.; FFC Financial Corporation; and Truman Bank, Clayton  -- written agreement with the Federal Reserve Bank of St. Louis.					-Announced, December 17, 2008 					

FormsForms  -- final Board review to extend without revision the (1) Recordkeeping and Disclosure Requirements in Connection with Regulation B (Equal Credit Opportunity) (Reg B) and (2) Recordkeeping and Disclosure Requirements of Regulation E (Electronic Fund Transfers) (Reg E).					-Approved, December 18, 2008 					Forms  -- initial Board review (1)�to extend with revision the Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks (FR 2502q) and Recordkeeping Requirements Associated with Regulation K (Reg K), (2) to implement the interagency Shared National Credit information collection (FR 2085), and (3) to pretest and execute the 2010 Survey of Consumer Finances (FR 3059). 					-Proposed, December 16, 2008 					

Monetary and Financial PolicyTerm Asset-Backed Securities Loan Facility  -- revision of terms and conditions.					-Announced, December 19, 2008 					Term Auction Facility  -- TAF auction in the amount of $150 billion in 28-day credit on December 15, 2008.					-Announced, December 15, 2008 					Term Auction Facility  -- TAF auctions of 28-day credit on January 12, February 9, and March 9 and 84-day credit on January 26, February 23, and March 23, 2009.					-Announced, December 19, 2008 					

Regulations And PoliciesCapital Adequacy Guidelines  -- interagency final rule that would permit a banking organization to reduce the amount of its goodwill deduction from tier 1 capital by any associated deferred tax liability.					-Approved, December 15, 2008 					Credit Card Accounts and Overdraft Services  -- final amendments to Regulations AA (Unfair or Deceptive Acts or Practices) and Z (Truth in Lending) to prohibit certain unfair acts or practices and improve disclosures to consumers in connection with credit card accounts and other revolving credit plans; final amendments to Regulation DD (Truth in Savings) to address depository institutions' practices related to overdraft services; and publication for comment of proposed amendments to Regulation E (Electronic Fund Transfers) to provide certain consumer protections relating to the assessment of overdraft fees.					-Approved, December 18, 2008 					Interest on Reserves  -- amendments to Regulation D (Reserve Requirements of Depository Institutions) to establish an interest rate of 1/4 percent on required reserve balances and excess balances for reserve maintenance periods beginning December 18, 2008.					-Approved, December 16, 2008 					Payment System Risk Policy  -- revisions to the Board's policy on Payment System Risk and decision not to pursue at this time proposed daylight-overdraft posting rules for ACH transfers.					-Approved, December 15, 2008 					

Reserve Bank OperationsFederal Reserve Bank Budgets  -- operating and capital budgets for the Reserve Banks, Federal Reserve Information Technology, and the Office of Employee Benefits for 2009.  					-Approved, December 17, 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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