Board Actions

Actions taken during the week ending April 14, 2007

Bank Holding Companies

Assabet Valley Bancorp, Hudson, Massachusetts -- commenter's request for reconsideration of the Federal Reserve Bank of Boston's approval of the applications to acquire Westborough Bancorp, MHC, Westborough, Westborough Financial Services, Inc., and The Westborough Bank.
-Denied, April 12, 2007

Regulations And Policies

Basel II Capital Rule -- response to the Government Accountability Office's report, "Risk-Based Capital: Bank Regulators Need to Improve Transparency and Overcome Impediments to Finalizing the Proposed Basel II Framework."
-Approved, April 13, 2007

Check 21 -- report to Congress on the implementation of the Check Clearing for the 21st Century Act.
-Approved, April 12, 2007