Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 35679 [E6-9736]
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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: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
PO 00000
Frm 00073
Fmt 4703
Sfmt 4703
35679
• Federal eRulemaking Portal:
https://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 https://
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
https://www.federalreserve.gov/paymentsystems/psr/
policy.pdf.
E:\FR\FM\21JNN1.SGM
21JNN1
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[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
