Federal Open Market Committee; Domestic Policy Directive of December 13, 2005, 2044 [E6-187]
Download as PDF
<![CDATA[
2044
Federal Register / Vol. 71, No. 8 / Thursday, January 12, 2006 / Notices
must be received at the Reserve Bank
indicated or the offices of the Board of
Governors not later than February 6,
2006.
A. Federal Reserve Bank of Chicago
(Patrick M. Wilder, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690-1414:
1. Capitol Bancorp Ltd., Lansing,
Michigan; to acquire 51 percent of the
votng shares of Bank of Valdosta,
Valdosta, Georgia (in organization).
B. Federal Reserve Bank of Kansas
City (Donna J. Ward, Assistant Vice
President) 925 Grand Avenue, Kansas
City, Missouri 64198-0001:
1. Gregg Bancshares, Inc., Nixa,
Missouri; to become a bank holding
company by acquiring 97.4 percent of
the voting shares of Glasgow Savings
Bank, Glasgow, Missouri.
Board of Governors of the Federal Reserve
System, January 9, 2006.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E6–224 Filed 1–11–06; 8:45 am]
BILLING CODE 6210–01–S
Unless otherwise noted, comments
regarding the applications must be
received at the Reserve Bank indicated
or the offices of the Board of Governors
not later than February 3, 2006.
A. Federal Reserve Bank of San
Francisco (Tracy Basinger, Director,
Regional and Community Bank Group)
101 Market Street, San Francisco,
California 94105-1579:
1. Castle Creek Capital III LLC; Castle
Creek Capital Partners, III, L.P.;
Eggemeyer Capital LLC; and Ruh
Capital LLC, all of Rancho Santa Fe,
California; to acquire 24.9 percent of the
voting shares of Atlanta Bancorporation,
Inc., Alpharetta, Georgia, and thereby
indirectly acquire voting shares of
Gibsonville Community Bank,
Gibsonville, North Carolina, and thereby
engage de novo in operating a state
savings bank, pursuant to section
225.28(b)(4)(ii) of Regulation Y.
Board of Governors of the Federal Reserve
System, January 5, 2006.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E6–200 Filed 1–11–06; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL RESERVE SYSTEM
FEDERAL RESERVE SYSTEM
erjones on PROD1PC68 with NOTICES
Notice of Proposals to Engage in
Permissible Nonbanking Activities or
to Acquire Companies that are
Engaged in Permissible Nonbanking
Activities
The companies listed in this notice
have given notice under section 4 of the
Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y (12
CFR part 225) to engage de novo, or to
acquire or control voting securities or
assets of a company, including the
companies listed below, that engages
either directly or through a subsidiary or
other company, in a nonbanking activity
that is listed in § 225.28 of Regulation Y
(12 CFR 225.28) or that the Board has
determined by Order to be closely
related to banking and permissible for
bank holding companies. Unless
otherwise noted, these activities will be
conducted throughout the United States.
Each notice is available for inspection
at the Federal Reserve Bank indicated.
The notice also will be available for
inspection at the offices of the Board of
Governors. Interested persons may
express their views in writing on the
question whether the proposal complies
with the standards of section 4 of the
BHC Act. Additional information on all
bank holding companies may be
obtained from the National Information
Center Web site at https://www.ffiec.gov/
nic/.
VerDate Aug<31>2005
15:02 Jan 11, 2006
Jkt 208001
Federal Open Market Committee;
Domestic Policy Directive of December
13, 2005
In accordance with § 271.25 of its
rules regarding availability of
information (12 CFR part 271), there is
set forth below the domestic policy
directive issued by the Federal Open
Market Committee at its meeting held
on December 13, 2005.1
The Federal Open Market Committee
seeks monetary and financial conditions
that will foster price stability and
promote sustainable growth in output.
To further its long-run objectives, the
Committee, in the immediate future,
seeks conditions in reserve markets
consistent with increasing the federal
funds rate to an average of around 41⁄4
percent.
The vote encompassed approval of the
paragraph below for inclusion in the
statement to be released shortly after the
meeting:
‘‘The Committee perceives that, with
appropriate monetary policy action, the
upside and downside risks to the attainment
1 Copies of the Minutes of the Federal Open
Market Committee Meeting on December 13, 2005,
which includes the domestic policy directive issued
at the meeting, are available upon request to the
Board of Governors of the Federal Reserve System,
Washington, DC 20551. The minutes are published
in the Federal Reserve Bulletin and in the Board’s
annual report.
PO 00000
Frm 00032
Fmt 4703
Sfmt 4703
of both sustainable growth and price stability
should be kept roughly equal. With
underlying inflation expected to be
contained, the Committee believes that
policy accommodation can be removed at a
pace that is likely to be measured.
Nonetheless, the Committee will respond to
changes in economic prospects as needed to
fulfill its obligation to maintain price
stability.’’
By order of the Federal Open Market
Committee, January 5, 2006.
Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. E6–187 Filed 1–11–06; 8:45 am]
BILLING CODE 6210–01–P
GENERAL SERVICES
ADMINISTRATION
2006 Travel and Relocation Innovation
Award
Office of Governmentwide
Policy, General Services Administration
(GSA)
ACTION: Notice.
AGENCY:
SUMMARY: The General Services
Administration (GSA) is announcing the
2006 Travel and Relocation Innovation
Award. The purpose of the award is to
recognize the professionals of travel
and/or relocation management.
FOR FURTHER INFORMATION CONTACT: Visit
the National Travel Forum 2006 (NTF
2006) Web site at https://
www.nationaltravelforum.org and click
on ‘‘Awards’’or contact Jane Groat,
Office of Travel, Transportation, and
Asset Management (MT), General
Services Administration, Washington,
DC 20405, (202) 501–4318,
jane.groat@gsa.gov.
The
Federal Travel Regulation is contained
in 41 Code of Federal Regulations (CFR),
Chapters 300 through 304, and
implements statutory requirements and
Executive branch policies for travel by
Federal civilian employees and others
authorized to travel at Government
expense.
The General Services Administration
(GSA), sponsor of the Interagency Travel
Management Committee (ITMC) and the
National Travel Forum 2006 (NTF
2006), announces a new travel award to
recognize and honor excellence in
Federal travel and relocation. This
award, available to all Federal
employees, will honor individuals and/
or teams. In addition to cash awards,
one or more entries may receive the
Honorable Mention Award. Entries must
be received no later than March 31,
2006.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\12JAN1.SGM
12JAN1
]]>Agencies
[Federal Register Volume 71, Number 8 (Thursday, January 12, 2006)]
[Notices]
[Page 2044]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-187]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Federal Open Market Committee; Domestic Policy Directive of
December 13, 2005
In accordance with Sec. 271.25 of its rules regarding availability
of information (12 CFR part 271), there is set forth below the domestic
policy directive issued by the Federal Open Market Committee at its
meeting held on December 13, 2005.\1\
---------------------------------------------------------------------------
\1\ Copies of the Minutes of the Federal Open Market Committee
Meeting on December 13, 2005, which includes the domestic policy
directive issued at the meeting, are available upon request to the
Board of Governors of the Federal Reserve System, Washington, DC
20551. The minutes are published in the Federal Reserve Bulletin and
in the Board's annual report.
---------------------------------------------------------------------------
The Federal Open Market Committee seeks monetary and financial
conditions that will foster price stability and promote sustainable
growth in output. To further its long-run objectives, the Committee, in
the immediate future, seeks conditions in reserve markets consistent
with increasing the federal funds rate to an average of around 4\1/4\
percent.
The vote encompassed approval of the paragraph below for inclusion
in the statement to be released shortly after the meeting:
``The Committee perceives that, with appropriate monetary policy
action, the upside and downside risks to the attainment of both
sustainable growth and price stability should be kept roughly equal.
With underlying inflation expected to be contained, the Committee
believes that policy accommodation can be removed at a pace that is
likely to be measured. Nonetheless, the Committee will respond to
changes in economic prospects as needed to fulfill its obligation to
maintain price stability.''
By order of the Federal Open Market Committee, January 5, 2006.
Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. E6-187 Filed 1-11-06; 8:45 am]
BILLING CODE 6210-01-P
