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 July 30, 2011

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Testimony and Statements            Credit Ratings Agencies -- statement by Mark E. Van Der Weide, senior associate director, Division of Banking Supervision and Regulation, before a subcommittee of the House Committee on Financial Services on references to credit ratings in Board regulations and the development of alternative standards of creditworthiness.            -Published, July 27, 2011            Forms            Forms -- final Board review to extend without revision the Application for Membership in the Federal Reserve System (FR 2083-2083C), Federal Reserve Bank Stock Applications (FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, and FR 2087), and Notifications Related to Community Development and Public Welfare Investments of State Member Banks (FR H-6).            -Approved, July 28, 2011            Personnel            Legal Division -- appointment of Laurie Schaffer as associate general counsel and Jean C. Anderson and Alison M. Thro as assistant general counsels, effective July 31, 2011.            -Announced, July 28, 2011            Regulations and Policies            Regulation NN (Retail Foreign Exchange Transactions) -- publication for comment of a proposed rule on business-conduct standards for institutions that engage in certain foreign exchange transactions, in accordance with the Dodd-Frank Act.            -Approved, July 28, 2011            Enforcement            BANKWEST Financial, Inc., Rockford, Minnesota -- written agreement with the Federal Reserve Bank of Minneapolis.            -Announced, July 28, 2011                        Credit Agricole, S.A., Paris, France, and Credit Lyonnais, S.A. -- consent order dated January 8, 2004, terminated July 22, 2011.            -Announced, July 26, 2011                        Naples Bancorp, Inc., Naples, Florida -- written agreement with the Federal Reserve Bank of Atlanta.            -Announced, July 28, 2011                        Old Second Bancorp, Inc., Aurora, Illinois -- written agreement with the Federal Reserve Bank of Chicago.            -Announced, July 28, 2011                        Plumas Bancorp, Quincy, California -- written agreement with the Federal Reserve Bank of San Francisco.            -Announced, July 28, 2011                        The Royal Bank of Scotland Group plc, Edinburgh, Scotland; The Royal Bank of Scotland plc and its branches in New York and Connecticut; and The Royal Bank of Scotland N.V., Amsterdam, The Netherlands, and its branches in New York and Illinois -- issuance of a joint consent cease and desist order by the Board, New York State Banking Department, State of Connecticut Department of Banking, and State of Illinois Department of Financial and Professional Regulation.            -Announced, July 27, 2011            
Release dates |     Full version (300 KB PDF)Board Actions |     Actions under delegated authority    Applications and reports received: