Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 35679 [E6-9736]

Download as PDF Federal Register / Vol. 71, No. 119 / Wednesday, June 21, 2006 / Notices control of Ameribanc Holdings, Inc., and thereby indirectly retain control of The Bank of Durango, both of Durango, Colorado. Board of Governors of the Federal Reserve System, June 16, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–9737 Filed 6–20–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM jlentini on PROD1PC65 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. Additional information on all bank holding companies may be obtained from the National Information Center website at 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 17, 2006. A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309: 1. Alabama National Bancorporation, Birmingham, Alabama; to merge with The PB Financial Services Corporation, and thereby indirectly acquire voting shares of The Peachtree Bank, both of Duluth, Georgia. VerDate Aug<31>2005 18:26 Jun 20, 2006 Jkt 208001 2. PCNB Corporation, McComb, Mississippi; to become a bank holding company by acquiring 100 percent of the voting shares of Pike County National Bank, McComb, Mississippi. B. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166-2034: 1. Champion Bancshares, Inc., Creve Coeur, Missouri; to become a bank holding company by acquiring 100 percent of the voting shares of Champion Bank, Creve Coeur, Missouri (in organization). Board of Governors of the Federal Reserve System, June 16, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–9736 Filed 6–20–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM [Docket No. OP–1257] Consultation Paper on Intraday Liquidity Management and Payment System Risk Policy Board of Governors of the Federal Reserve System. ACTION: Notice; Request for comments. AGENCY: SUMMARY: The Board of Governors of the Federal Reserve System (‘‘Board’’) is publishing this consultation paper to seek information from financial institutions and other interested parties on their experience in managing intraday liquidity, credit, and operational risks relating to Fedwire funds transfers and associated transactions. The Board also seeks views on potential changes in market practices, operations, and its Payments System Risk (PSR) Policy that could reduce one or more of these risks, while maintaining or improving the efficiency of the payments system. This consultation is consistent with the Federal Reserve’s long-standing practice of working with the financial industry to address payments system risk issues and provides a framework for discussions about the long-term evolution of the PSR Policy. DATES: Comments must be received on or before December 15, 2006. ADDRESSES: You may submit comments, identified by Docket No. OP–1257, by any of the following methods: • Agency Web Site: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 35679 • Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments. • E-mail: regs.comments@federalreserve.gov. Include the docket number in the subject line of the message. • FAX: 202/452–3819 or 202/452– 3102. • Mail: Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, NW., Washington, DC 20551. All public comments are available from the Board’s Web site at http:// www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room MP–500 of the Board’s Martin Building (20th and C Streets, NW.) between 9 a.m. and 5 p.m. on weekdays. FOR FURTHER INFORMATION CONTACT: Jeffrey Marquardt, Deputy Director (202–452–2360), Lisa Hoskins, Assistant Director (202–452–3437), or Susan Foley, Manager (202–452–3596), Division of Reserve Bank Operations and Payment Systems, Board of Governors of the Federal Reserve System; for users of Telecommunications Device for the Deaf (‘‘TDD’’) only, contact (202) 263–4869. SUPPLEMENTARY INFORMATION: I. Executive Summary The Federal Reserve’s PSR Policy sets out the general public policy objectives of safety and efficiency for payments and settlement systems.1 The Federal Reserve is currently reviewing the longterm effects of market, operational, and policy changes by the financial industry and the Federal Reserve on intraday liquidity and risks in financial markets and the payments system, including account overdrafts (daylight overdrafts) at the Federal Reserve Banks (Reserve Banks). In connection with this review, the Board is seeking information from financial institutions and other interested parties on their experience in managing intraday liquidity, credit, and operational risks relating to Fedwire funds transfers and associated transactions. The Board is also seeking commenters’ views on potential changes in market practices, operations, and its PSR Policy that could reduce one or 1 See the Board of Governors of the Federal Reserve System, ‘‘Payments System Risk Policy’’ at http://www.federalreserve.gov/paymentsystems/psr/ policy.pdf. E:\FR\FM\21JNN1.SGM 21JNN1

Agencies

[Federal Register Volume 71, Number 119 (Wednesday, June 21, 2006)]
[Notices]
[Page 35679]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-9736]


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FEDERAL RESERVE SYSTEM


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. 
Additional information on all bank holding companies may be obtained 
from the National Information Center website at 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 17, 2006.
    A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. Alabama National Bancorporation, Birmingham, Alabama; to merge 
with The PB Financial Services Corporation, and thereby indirectly 
acquire voting shares of The Peachtree Bank, both of Duluth, Georgia.
    2. PCNB Corporation, McComb, Mississippi; to become a bank holding 
company by acquiring 100 percent of the voting shares of Pike County 
National Bank, McComb, Mississippi.
    B. Federal Reserve Bank of St. Louis (Glenda Wilson, Community 
Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166-2034:
    1. Champion Bancshares, Inc., Creve Coeur, Missouri; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Champion Bank, Creve Coeur, Missouri (in organization).

    Board of Governors of the Federal Reserve System, June 16, 2006.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E6-9736 Filed 6-20-06; 8:45 am]
BILLING CODE 6210-01-S