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FINAL ENFORCEMENT ORDERS ISSUED BY THE BOARD OF GOVERNORS.


Banco Atlantico, S.A. Barcelona Barcelona (bär'səlō`nə, Catalan bär'səlō`nə, Span. bär'thālō`nä), city (1990 pop. 4,738,354), capital of Barcelona prov. and chief city of Catalonia, NE Spain, on the Mediterranean Sea., Spain

The Federal Reserve Board
Federal Reserve Board (FRB)
The seven-member governing body of the Federal Reserve System, which is responsible for setting reserve requirements, and the discount rate, and making other key economic decisions.
 announced on June 7, 1999, the issuance of a Cease and Desist Order cease and desist order n. an order of a court or government agency to a person, business or organization to stop doing something upon a strong showing that the activity is harmful and/or contrary to law. The order may be permanent or hold until a final judicial determination of legality occurs. against Banco Atlantico, S.A., Barcelona, Spain, and its New York Agency. The Order was issued jointly with the Acting Superintendent of Banks of the State of New York.

Banco Popular de Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. San Juan

San Juan, city, Argentina

San Juan (săn wän, Span. sän hwän), city (1991 pop. 353,476), capital of San Juan prov., W Argentina. It is a commercial and industrial center in an agricultural region. Wine is the chief product, and vineyards dot the picturesque landscape.
, Puerto Rico

The Federal Reserve Board announced on June 21, 1999, the issuance of an Order of Assessment of a Civil Money Penalty against Banco Popular de Puerto Rico, San Juan, Puerto Rico, a state member bank
Member bank
A national- or state-chartered bank that is a member of the Federal Reserve System.
.
COPYRIGHT 1999 Board of Governors of the Federal Reserve System
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Federal Reserve Board actions
Publication:Federal Reserve Bulletin
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 1, 1999
Words:96
Previous Article:PENDING CASES INVOLVING THE BOARD OF GOVERNORS.(Federal Reserve banks)
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