Board Actions

Actions taken during the week ending May 3, 2008

Bank Branches, Domestic

Rolling Hills Bank & Trust, Atlantic, Iowa -- to establish a branch at 502 Broad Street, Adair.
-Approved, May 1, 2008

Discount Rates

Discount and Advance Rates -- decrease in the primary credit rate from 2-1/2 percent to 2-1/4 percent by the Federal Reserve Banks of New York, Cleveland, Atlanta, and San Francisco.
-Approved, April 30, 2008

Discount and Advance Rates -- decrease in the primary credit rate from 2-1/2 percent to 2-1/4 percent by the Federal Reserve Banks of Chicago, St. Louis, and Kansas City.
-Approved, April 30, 2008

Discount and Advance Rates -- decrease in the primary credit rate from 2-1/2 percent to 2-1/4 percent by the Federal Reserve Banks of Boston, Philadelphia, Richmond, Minneapolis, and Dallas.
-Approved, May 1, 2008

Enforcement

First Bank of Snook, Snook, Texas -- written agreement with the Federal Reserve Bank of Dallas and the State of Texas Department of Banking.
-Announced, May 1, 2008

WSB Financial Group, Inc., Bremerton, Washington -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, April 29, 2008

Regulations And Policies

Credit Card Accounts and Overdraft Services -- publication for comment of amendments to Regulations AA, DD, and Z to prohibit unfair or deceptive acts or practices in connection with these accounts and services (Docket Nos. R-1314, R-1315, and R-1286).
-Approved, May 2, 2008

Privacy Act -- publication for comment of amendments to the Board's Privacy Act regulation to conform it with current recordkeeping and disclosure practices (Docket No. R-1313).
-Approved, April 24, 2008 (AC)

Privacy Act Systems of Records -- notice of amendments to create two systems of records, to delete two unused systems, and to update routine uses of information in systems of records (Docket No. OP-1312).
-Approved, April 24, 2008 (AC)