Board Actions

Actions taken during the week ending July 15, 2006

Enforcement

Banco Industrial de Venezuela, C.A., Caracas, Venezuela, and its agencies in New York, New York, and Miami, Florida -- written agreement with the Federal Reserve Bank of New York, Federal Reserve Bank of Atlanta, New York State Banking Department, and State of Florida Office of Financial Regulation; and termination of a written agreement dated April 21, 2005, by and among the same organizations.
-Announced, July 14, 2006

Forms

Forms -- final Board review to extend with revision the Report of Transaction Accounts, Other Deposits and Vault Cash (FR 2900), Annual Report of Total Deposits and Reservable Liabilities (FR 2910a), Report of Foreign (Non-U.S.) Currency Deposits (FR 2915), and Allocation of Low Reserve Tranche and Reservable Liabilities Exemption (FR 2930 and FR 2930a).
-Approved, July 13, 2006

Regulations And Policies

Monetary Policy -- report to Congress.
-Authorized, July 11, 2006

Testimony And Statements

Industrial Loan Companies -- statement by Scott G. Alvarez, General Counsel, before the Subcommittee on Financial Institutions and Consumer Credit of the House Committee on Financial Services, July 12, 2006.
-Published, July 12, 2006

Monetary Policy Objectives -- statement by Chairman Bernanke before the Senate Committee on Banking, Housing, and Urban Affairs on July 19, 2006, and before the House Committee on Financial Services on July 20.
-Authorized, July 14, 2006