All of the following are actions the Federal Reserve Board takes as part of its regulatory functions EXCEPT

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As part of the Fed's regulatory functions, it establishes and enforces banking rules that affect monetary policy and the overall level of competition between different banks. It also determines which nonbanking activities, such as brokerage services, leasing, and insurance, are appropriate for banks and which should be prohibited. Further, it has the authority to approve or disapprove mergers between banks and the formation of bank holding companies. Lastly, to ensure that all rules are enforced and that correct accounting procedures are followed at member banks, surprise bank examinations are conducted by bank examiners each year.

All of the Following Are Actions the Federal Reserve Board