Board Actions

Actions taken during the week ending November 1, 2008

Discount Rates

Discount and Advance Rates -- decrease in the primary credit rate from 1-3/4 percent to 1-1/4 percent by the Federal Reserve Banks of Boston, New York, Cleveland, Chicago, St. Louis, Kansas City, and San Francisco.
-Approved, October 29, 2008

Discount and Advance Rates -- decrease in the primary credit rate from 1-3/4 percent to 1-1/4 by the Federal Reserve Banks of Philadelphia, Richmond, Minneapolis, and Dallas.
-Approved, October 30, 2008

Discount and Advance Rates -- decrease in the primary credit rate from 1-3/4 percent to 1-1/4 percent by the Federal Reserve Bank of Atlanta.
-Approved, October 31, 2008

Enforcement

Remo DuQuoin LLC, Miami, Florida; Privee LLC; and Republic Federal Bancorp, Inc. -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, October 28, 2008

State Holding Company, Thermopolis, Wyoming -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, October 30, 2008

Monetary and Financial Policy

Interest on Excess Reserves -- revision of the formula for determining the interest rate paid to depository institutions on excess reserve balances.
-Approved, October 21, 2008 (AC)

Reserve Bank Services

Federal Reserve Priced Services -- 2009 fee schedules for priced services and electronic access, and a private sector adjustment factor.
-Approved, October 27, 2008