Terror Threat for Financial Institutions Lowered

Federal authorities lowered the terror alert status for areas around financial institutions in Northeast, saying that additional security precautions had reduced the threat

In explaining the decision to lower the threat level for the financial institutions, Loy said government officials and private organizations that oversee the affected buildings worked for the past three months to boost security and preparedness.

That included drills to test cyber-security backup systems and efforts to secure parking or other features of the buildings that the al-Qaida reconnaissance had noted.

When the nation is at heightened alert, state and local security officials take added precautions such as adding patrols at ports and increasing undercover officers monitoring potentially attractive targets. The announcement signals to local authorities that they can scale back some of the extra security personnel assigned to specific sites mentioned in the warning.