Board Actions

Actions taken during the week ending December 8, 2007

Bank Holding Companies

Fortis S.A./N.V., Brussels, Belgium -- to provide energy management services to owners of power generation facilities under energy management agreements as an activity that is complementary to a financial activity.
-Approved, December 3, 2007

Currency

Federal Reserve Notes -- new currency budget for 2008.
-Approved, December 4, 2007

Forms

Forms -- final Board review to implement a new voluntary Survey of Information Sharing Practices with Affiliates (FR 3214e).
-Approved, December 3, 2007

Reserve Bank Operations

Federal Reserve Bank Budgets -- operating and capital budgets for the Reserve Banks, Federal Reserve Information Technology, and the Office of Employee Benefits for 2008.
-Approved, December 6, 2007

Testimony And Statements

Loan Modifications and Foreclosure Prevention -- statement by Governor Kroszner on problems in the subprime mortgage market and possible legislative responses before the House Committee on Financial Services.
-Published, December 6, 2007