Board Actions

Actions taken during the week ending March 18, 2006

Bank Holding Companies

Societe Generale, Paris, France -- to engage in physical commodity trading activities on a limited basis in the United States.
-Approved, March 14, 2006

Enforcement

Doral Financial Corporation, San Juan, Puerto Rico -- issuance of a consent cease and desist order.
-Announced, March 17, 2006

First BanCorp, Santurce, Puerto Rico -- issuance of a consent cease and desist order.
-Announced, March 17, 2006

R&G Financial Corporation, Hato Rey, San Juan, Puerto Rico -- issuance of a consent cease and desist order.
-Announced, March 17, 2006

Regulations And Policies

Regulation K (International Banking Operations) -- final amendments to require compliance programs under the Bank Secrecy Act (Docket No. R-1147).
-Approved, March 13, 2006

Reserve Bank Services

Federal Reserve Currency Recirculation Policy -- revisions to reduce the overuse of Reserve Bank cash-processing services by providing incentives for depository institutions to recirculate currency among their customers.
-Approved, March 15, 2006