Board Actions

Consumer Advisory Council  -- appointment of ten new members and designation of Lori Swanson as Chair and Lisa Sodeika as Vice Chair for 2006.
-Approved, December 16, 2005 

Bank of America Corporation, Charlotte, North Carolina  -- to acquire MBNA Corporation, Wilmington, Delaware.
-Approved, December 15, 2005 

Cathay General Bancorp, Los Angeles, California  -- to acquire Great Eastern Bank, New York, New York.
-Approved, December 12, 2005 

NBT Bancorp Inc., Norwich, New York  -- to merge with CNB Bancorp, Inc., Gloversville, and thereby acquire its subsidiary, City National Bank and Trust Company.
-Approved, December 13, 2005 

New York Community Bancorp, Inc., Westbury, New York  -- to merge with Long Island Financial Corp., Islandia, and thereby acquire its subsidiary, Long Island Commercial Bank.
-Approved, December 14, 2005 

Treetops Acquisition Group LP, Grand Cayman, Cayman Islands; Treetops Acquisition Group, Ltd.; Treetops Acquisition Group II LP, Treetops Acquisition Group II, Ltd.; Cam-Discount, Ltd.; and Edgar M. Bronfman IDB Trusts A through G, Quebec, Canada  -- to become bank holding companies and to acquire up to 51 percent of the shares of Israel Discount Bank, Ltd., Tel Aviv, Israel, and thereby acquire control of Israel Discount Bank of New York, New York, New York.
-Approved, December 16, 2005 

Board  -- budgets for 2006-2007.
-Approved, December 15, 2005 

Office of Inspector General  -- budget for 2006-2007.
-Approved, December 15, 2005 

Discount and Advance Rates  -- increase in the primary credit rate from 5 percent to 5-1/4 percent by twelve Federal Reserve Banks.
-Approved, December 13, 2005