Board Actions

Actions taken during the week ending February 4, 2006

Discount Rates

Discount and Advance Rates -- increase in the primary credit rate from 5-1/4 percent to 5-1/2 percent by the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Kansas City, Dallas, and San Francisco.
-Approved, January 31, 2006

Discount and Advance Rates -- increase in the primary credit rate from 5-1/4 percent to 5-1/2 percent by the Federal Reserve Bank of Minneapolis.
-Approved, February 2, 2006

Regulations And Policies

External Auditor Liability -- interagency advisory on safety and soundness concerns that may arise when financial institutions agree to limit their external auditors' liability.
-Approved, January 30, 2006

Risk-based Capital Standards -- final rule to revise the risk-based capital treatment for cash collateral posted in connection with securities borrowing transactions (Docket No. R-1087).
-Approved, February 2, 2006