Board Actions

Actions taken during the week ending April 29, 2006

Enforcement

Allfirst Bank, Baltimore, Maryland -- issuance of an order of prohibition against Robert Ray, a former senior vice president.
-Announced, April 24, 2006

Allfirst Bank, Baltimore, Maryland -- issuance of an order of prohibition against David Cronin, a former executive vice president and treasurer.
-Announced, April 24, 2006

The Bank of New York, New York, New York -- written agreement with the New York State Banking Department and the Federal Reserve Bank of New York.
-Announced, April 24, 2006

Sella Holding Banca, S.p.A., Biella, Italy, and Sella Holding Banca, S.p.A., Miami Agency, Miami, Florida -- written agreement with the State of Florida Office of Financial Regulation and the Federal Reserve Bank of Atlanta.
-Announced, April 24, 2006

Regulations And Policies

Sound Practices for Finance Activities -- publication for comment of revised Interagency Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities (Docket No. OP-1189).
-Approved, April 25, 2006

Testimony And Statements

Economic Outlook -- statement by Chairman Bernanke before the Joint Economic Committee of the U.S. Congress.
-Published, April 27, 2006