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Minutes of the Federal Open Market Committee, March 16, 2010

News Release: The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on March 16, 2010.


Written agreement with Atlantic Southern Financial Group

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Atlantic Southern Financial Group, Inc., Macon, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.


Written agreement with Citizens Bancshares of Woodville

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Citizens Bancshares of Woodville, Inc., Hudson, Wisconsin, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.


Written agreement with Independent Bancshares

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Independent Bancshares, Inc., Ocala, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Written agreement with The San Francisco Company and First Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among First Banks, Inc., St. Louis, Missouri, The San Francisco Company, Clayton, Missouri, both registered bank holding companies, their subsidiary bank, First Bank, Creve Coeur, Missouri, a state chartered member bank, and the Federal Reserve Bank of St. Louis.


Written agreement with Atlantic BancGroup

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Atlantic BancGroup, Inc., Jacksonville Beach, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Prompt corrective action directive against Midwest Bank and Trust Company

News Release: The Federal Reserve Board on Wednesday announced the issuance of a Prompt Corrective Action Directive against Midwest Bank and Trust Company, Elmwood Park, Illinois, a state chartered member bank.


Written agreement with BankTennessee Bancshares and BankTennessee

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among BankTennessee Bancshares, Inc., Collierville, Tennessee, a registered bank holding company, BankTennessee, Collierville, Tennessee, a state chartered member bank, and the Federal Reserve Bank of St. Louis.


Written agreement with Granvalor Holding and International Bancorp of Miami

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Granvalor Holding, Ltd., Tortola, British Virgin Islands, International Bancorp of Miami, Inc., Coral Gables, Florida, both registered bank holding companies, and the Federal Reserve Bank of Atlanta.


Written agreement with Anchor Commercial Bank

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Anchor Commercial Bank, Juno Beach, Florida, a state chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida, Office of Financial Regulation.


Approval of proposal by First Niagara Financial Group to become a bank holding company

News Release: The Federal Reserve Board on Friday announced its approval of the applications and notice under sections 3 and 4 of the Bank Holding Company Act by First Niagara Financial Group, Inc., Buffalo, New York, to: (i) become a bank holding company by acquiring Harleysville National Corporation ("Harleysville"), ...


Written agreement with Royal Bancshares of Pennsylvania

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Royal Bancshares of Pennsylvania, Inc., Narberth, Pennsylvania, a registered bank holding company, and the Federal Reserve Bank of Philadelphia.


Written agreement with United Security Bancshares and United Security Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among United Security Bancshares, Inc., a registered bank holding company, United Security Bank, a state chartered member bank, both of Fresno, California, and the Federal Reserve Bank of San Francisco.


Written agreement with Coconut Grove Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Coconut Grove Bank, Miami, Florida, a state chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida, Office of Financial Regulation.


Federal Reserve announces final rules to restrict fees and expiration dates on gift cards

News Release: The Federal Reserve Board on Tuesday announced final rules to restrict the fees and expiration dates that may apply to gift cards. The rules protect consumers from certain unexpected costs and require that gift card terms and conditions be clearly stated.


Written agreement with Belvedere Capital Partners II LLC, Belvedere Capital Fund II LP, and Socal Bancorporation

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Belvedere Capital Partners II LLC, San Francisco, California; Belvedere Capital Fund II LP, San Francisco, California; Socal Bancorporation, San Francisco, California, registered bank holding companies, and the Federal Reserve Bank of San Francisco.


Federal Banking Agencies Issue Policy Statement on Funding and Liquidity Risk Management

News Release: The federal banking agencies,1 in conjunction with the Conference of State Bank Supervisors (CSBS), released a policy statement today on their expectations for sound funding and liquidity risk management practices. This policy statement, adopted by each of the agencies, summarizes the principles of sound ...


FOMC statement

News Release: Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing. Household spending is expanding at a moderate rate but remains constrained by high unemployment, modest income growth, lower ...


Written agreement with First Chicago Bancorp and First Chicago Bank & Trust

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among First Chicago Bancorp, a registered bank holding company, First Chicago Bank & Trust, a state chartered member bank, both of Chicago, Illinois, the Federal Reserve Bank of Chicago, and the Illinois Department of Financial and Professional Regulation, Division of Banking.


Written agreement with FNB Bancorp

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between FNB Bancorp, Layton, Utah, a registered bank holding company, and the Federal Reserve Bank of San Francisco.