Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Federal Reserve Release H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received No. 12 Week Ending March 22, 2003 Board of Governors of the Federal Reserve System, Washington, DC 20551 H.2 Board Actions March 16, 2003 to March 22, 2003 Bank Holding Companies SouthTrust Corporation, Birmingham, Alabama, SouthTrust of Alabama, Inc., and SouthTrust Bank -- to acquire Founders Bancshares, Inc., Dallas, Texas, and Founders National Bank, and for SouthTrust Bank to merge with Founders National Bank and operate its existing branches. - Approved, March 19, 2003 Regulations And Policies Interagency policy statement on internal auditing -- revised guidance on the independence of accountants who provide institutions with external and internal audit services. - Announced, March 17, 2003 Enforcement Barnes Banking Company, Kaysville, Utah -- written agreement, dated March 12, 2003, with the Federal Reserve Bank of San Francisco. - Announced, March 21, 2003 Midstate Bancorp, Inc., Hinton, Oklahoma, and Legacy Bank -- written agreements, dated February 18, 2003, with the Federal Reserve Bank of Kansas City. - Announced, March 17, 2003 (AC) = Addition or Correction Board - Page 1 of 1 H.2 Actions under delegated authority March 16, 2003 to March 22, 2003 BS&R Banking Supervision and Regulation RBOPS Reserve Bank Operations and Payment Systems C&CA Consumer and Community Affairs IF International Finance FOMC Federal Open Market Committee OSDM Office of Staff Director for Management Bank Branches, Domestic San Francisco 1st Pacific Bank of California, San Diego, California -- to establish a branch at 8889 Rio San Diego. - Approved, March 21, 2003 Atlanta AmSouth Bank, Birmingham, Alabama -- to establish branches at 1827 Murfreesboro Pike, Nashville, Tennessee; 2298 West County Highway 30-A, Unit 3, Santa Rosa Beach, Florida; and 9410 Healthplex Drive, Shreveport, Louisiana.
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