Board Actions

Actions taken during the week ending February 13, 2010

Testimony and Statements

Federal Reserve's Exit Strategy -- statement by Chairman Bernanke prepared for a hearing of the House Committee on Financial Services on the Federal Reserve's strategy for exiting from the extraordinary lending and monetary policies implemented to combat the financial crisis and support economic activity (hearing postponed due to inclement weather).
-Published, February 10, 2010

Systemic Risk -- statement by Governor Tarullo before a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs on equipping financial regulators with the tools necessary to monitor systemic risk.
-Published, February 12, 2010

Monetary and Financial Policy

Term Auction Facility -- TAF auction in the amount of $50 billion in 28-day credit on February 8, 2010.
-Announced, February 8, 2010

Reserve Bank Operations

Reserve Bank Directors -- appointment of a director of the Little Rock Branch of the Federal Reserve Bank of St. Louis.
-Approved, February 2, 2010