The U.S. Department of the Treasury today announced that it has commenced a secondary public offering of warrants to purchase the common stock of Citigroup Inc. Date January 24, 2011

Section 622 of Dodd-Frank establishes a financial sector concentration limit that would prohibit a financial company from merging or consolidating with, or acquiring, another company if the resulting company's consolidated liabilities would exceed 10 percent of the aggregate consolidated liabilities of all financial companies. This concentration limit is intended, along with a number of other provisions in the Dodd-Frank Act, to promote financial stability and address the perception that large financial institutions are "too big to fail." Date January 18, 2011 Cross References (links may

The Federal Reserve Bank of New York approved applications by Chemung Financial Corporation, Elmira, New York, for prior approval of the Board to acquire Fort Orange Financial Corp., and its wholly-owned subsidiary, Capital Bank Trust Company, both of Albany, New York. Date January 24, 2011 Cross References (links may require a Cabinet subscription) Sections 3(a)(3) and 3(a)(5) of the BHCA

Commodity Futures Trading Commission The Commission is proposing to simultaneously establish position limits and limit formulas for certain physical commodity futures and option contracts executed pursuant to the rules of designated contract markets ("DCM") and physical commodity swaps that are economically equivalent to such DCM contracts. The CFTC is also proposing aggregate position limits that would apply across different trading venues to contracts based on the same underlying commodity. The Commission is proposing to establish position limits in two phases: The first phase would involve

Board issues enforcement actions with Community Central Bank Corporation, Elgin Bancshares, Inc., Rocky Mountain Capital, and Rocky Mountain Bank Date January 25, 2011 Cross References (links may require a Cabinet subscription) Community Central Bank Corporation, Mount Clemens, Michigan Written Agreement dated January 19, 2011 Elgin Bancshares, Inc., Elgin, Illinois Written Agreement dated January 19, 2011 Rocky Mountain Capital and Rocky Mountain Bank, both of Wilson, Wyoming Written Agreement dated January 20, 2011