Board Actions

Actions taken during the week ending May 24, 2008

Banks, Nonmember, And Miscellaneous Institutions

CLS Bank International, New York, New York -- to add the Mexican peso and Israeli shekel to the list of currencies eligible for settlement by the bank.
-Approved, May 19, 2008

Merrill Lynch Bank & Trust Co., FSB, New York, New York -- request for an exemption from section 23A of the Federal Reserve Act and Regulation W to facilitate a corporate reorganization.
-Granted, May 19, 2008

Regulations And Policies

Government Accountability Office -- response to the GAO report, "Bank Fees: Federal Banking Regulators Could Better Ensure that Consumers Have Required Disclosure Documents Prior to Opening Checking or Savings Accounts."
-Approved, April 25, 2008 (AC)