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 May 23, 2009

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Banks, Nonmember, And Miscellaneous InstitutionsAlly Bank (formerly GMAC Bank), Midvale, Utah  -- requests for exemptions from section 23A of the Federal Reserve Act and Regulation W to allow Ally Bank (1) to lend to consumers to enable them to purchase automobiles from unaffiliated dealers in the United States that obtain floorplan financing from Ally Bank or affiliates of Ally Bank and (2) to provide floorplan financing to unaffiliated dealers to purchase automobiles from General Motors Corporation.					-Granted, May 21, 2009 					

EnforcementBarnes Bancorporation, Kaysville, Utah, and Barnes Banking Company  -- written agreement with the Federal Reserve Bank of San Francisco.					-Announced, May 19, 2009 					Community Bank of West Georgia, Villa Rica, Georgia  -- issuance of a consent prompt corrective action directive.					-Announced, May 21, 2009 					Philippine National Bank, Pasay City, Philippines, and its New York, New York branch  -- written agreement with the Federal Reserve Banks of San Francisco and New York and the New York State Banking Department.					-Announced, May 20, 2009 					

Monetary and Financial PolicyTerm Asset-Backed Securities Loan Facility  -- expansion of the types of eligible collateral to include certain high-quality commercial mortgage backed securities issued before January 1, 2009 (legacy CMBS), starting in July 2009.					-Approved, May 18, 2009 					Term Auction Facility  -- TAF auction in the amount of $150 billion in 84-day credit on May 18, 2009.					-Announced, May 18, 2009 					

Regulations And PoliciesRegulations D (Reserve Requirements of Depository Institutions) and I (Issue and Cancellation of Federal Reserve Bank Capital Stock)  -- final amendments to (1) Regulation D to permit the payment of interest on certain balances at Federal Reserve Banks and authorize the establishment of excess-balance accounts and (2) Regulations D and I to authorize pass-through accounts for member banks and to revise transfer restrictions on savings deposits. 					-Approved, May 18, 2009 					Risk-Based Capital Guidelines  -- (1) final rule to permit bank holding companies to include in tier 1 capital, without limit, senior perpetual preferred stock issued to the Department of the Treasury under the Troubled Asset Relief Program and (2) interim final rule with request for comment to permit certain bank holding companies, under certain conditions, to include in tier 1 capital subordinated debt issued to Treasury under the TARP and to allow certain small bank holding companies to exclude such debt for purposes of the Board's Small Bank Holding Company Policy Statement.					-Approved, May 20, 2009 					

Testimony And StatementsMunicipal Finance  -- statement by David W. Wilcox, deputy director, Division of Research and Statistics, on issues related to the markets for municipal debt, including municipal bond insurance and variable-rate demand obligations.					-Published, May 21, 2009 					

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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