Federal Open Market Committee; Domestic Policy Directive of May 10, 2006, 33751 [E6-9047]
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Federal Register / Vol. 71, No. 112 / Monday, June 12, 2006 / Notices
collects information on two measures of
credit card interest rates from a sample
of commercial banks with $1 billion or
more in credit card receivables and a
representative of smaller issuers.
Current Actions: The Federal Reserve
will add a new data item, New
automobiles (60–month), to the FR
2835. This item will collect the most
common interest rate on 60–month
loans for new automobiles. The Federal
Reserve will also decrease the
authorized sample size for the FR 2835a
from 80 to 50 commercial banks.
The Federal Reserve received one
general comment letter from a federal
agency. The commenter described its
use of the data to prepare monthly,
quarterly, and annual estimates of
personal interest payments, a
component of personal outlays in the
national income and product accounts.
The revisions will be implemented as
originally proposed.
Board of Governors of the Federal Reserve
System, June 7, 2006.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. E6–9075 Filed 6–9–06; 8:45 am]
Additional information on all bank
holding companies may be obtained
from the National Information Center
Web site at https://www.ffiec.gov/nic/.
Unless otherwise noted, comments
regarding each of these applications
must be received at the Reserve Bank
indicated or the offices of the Board of
Governors not later than July 7, 2006.
A. Federal Reserve Bank of Chicago
(Patrick M. Wilder, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690-1414:
1. First Community Financial
Partners, Inc., Joliet, Illinois; to become
a bank holding company by acquiring
100 percent of the voting shares of First
Community Bank of Joliet, Joliet,
Illinois.
In connection with this application,
Applicant also has applied to engage de
novo in lending activities, pursuant to
section 225.28(b)(1) of Regulation Y.
Board of Governors of the Federal Reserve
System, June 7, 2006.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E6–9069 Filed 6–9–06; 8:45 am]
BILLING CODE 6210–01–S
BILLING CODE 6210–01–S
FEDERAL RESERVE SYSTEM
FEDERAL RESERVE SYSTEM
dsatterwhite on PROD1PC76 with NOTICES
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The application also will be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also
includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be
conducted throughout the United States.
VerDate Aug<31>2005
19:52 Jun 09, 2006
Jkt 208001
Federal Open Market Committee;
Domestic Policy Directive of May 10,
2006
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 May 10, 2006.1
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 5
percent.
The vote encompassed approval of the
paragraph below for inclusion in the
statement to be released shortly after the
meeting:
‘‘The Committee judges that some further
policy firming may be needed to keep the
risks to the attainment of both sustainable
1 Copies of the Minutes of the Federal Open
Market Committee Meeting on May 10, 2006, 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 00029
Fmt 4703
Sfmt 4703
33751
economic growth and price stability roughly
in balance. In any event, the Committee will
respond to changes in economic prospects as
needed to foster these objectives.’’
By order of the Federal Open Market
Committee, June 2, 2006.
Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. E6–9047 Filed 6–9–06; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Announcement of Cooperative
Agreement With Morehouse School of
Medicine
Department of Health and
Human Services, Office of the Secretary,
Office of Public Health and Science,
Office of Minority Health.
ACTION: Notice.
AGENCY:
Funding Title: Cooperative Agreement
with Morehouse School of Medicine.
Announcement Type: Initial
Announcement.
Catalog of Federal Domestic
Assistance Number: 93.004.
DATES: July 1, 2006.
SUMMARY: This announcement is made
by the United States Department of
Health and Human Services (HHS or
Department), Office of Minority Health
(OMH) located within the Office of
Public Health and Science (OPHS), and
working in a ‘‘One-Department’’
approach collaboratively with
participating HHS agencies and
programs (entities). The mission of the
OMH is to improve the health of racial
and ethnic minority populations
through the development of policies and
programs that address disparities and
gaps. OMH serves as the focal point in
the HHS for leadership, policy
development and coordination, service
demonstrations, information exchange,
coalition and partnership building, and
relation efforts to address the health
need of racial and ethnic minorities.
This announcement supports the
Healthy People 2010 overarching goal to
eliminate health disparities.
As part of a continuing HHS effort to
improve the health and well being of
racial and ethnic minorities, the
Department announces a sole source
umbrella cooperative agreement award
to the Morehouse School of Medicine.
SUPPLEMENTARY INFORMATION:
Authority: This program is authorized
under 42 U.S.C. 300 u–6, section 1707 of the
Public Health Service Act, as amended.
1. Recipient: Morehouse School of
Medicine.
E:\FR\FM\12JNN1.SGM
12JNN1
]]>Agencies
[Federal Register Volume 71, Number 112 (Monday, June 12, 2006)]
[Notices]
[Page 33751]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-9047]
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FEDERAL RESERVE SYSTEM
Federal Open Market Committee; Domestic Policy Directive of May
10, 2006
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 May 10, 2006.\1\
---------------------------------------------------------------------------
\1\ Copies of the Minutes of the Federal Open Market Committee
Meeting on May 10, 2006, 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 5
percent.
The vote encompassed approval of the paragraph below for inclusion
in the statement to be released shortly after the meeting:
``The Committee judges that some further policy firming may be
needed to keep the risks to the attainment of both sustainable
economic growth and price stability roughly in balance. In any
event, the Committee will respond to changes in economic prospects
as needed to foster these objectives.''
By order of the Federal Open Market Committee, June 2, 2006.
Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. E6-9047 Filed 6-9-06; 8:45 am]
BILLING CODE 6210-01-P
