Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities, 42092-42093 [E6-11819]

Download as PDF 42092 Federal Register / Vol. 71, No. 142 / Tuesday, July 25, 2006 / Notices address, and telephone number of the commenter and a concise statement of comment and the relevant facts upon which it is based. Comments of either support or concern which are directed at specific, cited permit requirements are appreciated. After the expiration date of the Public Notice on August 18, 2006; the Director, Office of Water and Watersheds, EPA Region 10, will make a final determination with respect to issuance of the general permits. The proposed requirements contained in the draft general permits will become final upon issuance if no significant comments are received during the public comment period. ADDRESSES: Comments on the proposed General Permits should be sent to Sharon Wilson, Office of Water and Watersheds; USEPA Region 10; 1200 Sixth Avenue, OWW–130; Seattle, Washington 98101 or by e-mail to wilson.sharon@epa.gov. FOR FURTHER INFORMATION, CONTACT: Carla Fromm, 208–378–5755, fromm.carla@epa.gov or Sharon Wilson, 206–553–0325, wilson.sharon@epa.gov Copies of the draft general permit and fact sheet may be downloaded from the EPA Region 10 web site at . They are also available upon request from Audrey Washington at (206) 553–0523, or emailed to washington.audrey@epa.gov. For information on physical locations in Idaho and Seattle where the documents may be viewed, see the June 19, 2006, notice at 71 FR 35269. Dated: July 17, 2006. Christine Psyk, Associate Director, Office of Water & Watersheds, Region 10, U.S. Environmental Protection Agency. [FR Doc. E6–11815 Filed 7–24–06; 8:45 am] BILLING CODE 6560–50–P EXPORT-IMPORT BANK OF THE UNITED STATES sroberts on PROD1PC70 with NOTICES Economic Impact Policy This notice is to inform the public that the Export-Import Bank of the United States has received an application to finance the export of approximately $480 million in U.S. equipment and services to a petrochemicals facility in Saudi Arabia. The U.S. exports will enable the petrochemicals facility to produce approximately 1.1 million metric tons of high-density polyethylene, 400 thousand metric tons of polypropylene, 200 thousand metric tons of polystyrene and 100 thousand metric tons of hexene-1. Initial production at this VerDate Aug<31>2005 18:02 Jul 24, 2006 Jkt 208001 facility is expected to commence in 2011. Available information indicates the following: The high-density polyethylene will be consumed in Asia, Europe, Africa and the Middle East; the polypropylene will be consumed in Asia, Western Europe and the Middle East; the polystyrene will be consumed in China, Africa, Europe and the Middle East; and the hexene-1 will be consumed in Saudi Arabia. Interested parties may submit comments on this transaction by e-mail to economic.impact@exim.gov or by mail to 811 Vermont Avenue, NW., Room 1238, Washington, DC 20571, within 14 days of the date this notice appears in the Federal Register. must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than August 19, 2006. A. Federal Reserve Bank of Boston (Richard Walker, Community Affairs Officer) P.O. Box 55882, Boston, Massachusetts 02106-2204: 1. Passumpsic Bancorp, Saint Johnsbury, Vermont; to acquire 100 percent of the voting shares of, and merge with The Siwooganock Holding Company, Inc., and thereby indirectly acquire voting shares of The Siwooganock Bank, both of Lancaster, New Hampshire, and retain 10 percent of the voting shares of Lancaster National Bank, Lancaster, New Hampshire. Helene S. Walsh, Director, Policy Oversight and Review. [FR Doc. E6–11759 Filed 7–24–06; 8:45 am] Board of Governors of the Federal Reserve System, July 20, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–11818 Filed 7–24–06; 8:45 am] BILLING CODE 6690–01–P BILLING CODE 6210–01–S 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 PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 FEDERAL RESERVE SYSTEM 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 website at www.ffiec.gov/nic/. 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 August 19, 2006. E:\FR\FM\25JYN1.SGM 25JYN1 Federal Register / Vol. 71, No. 142 / Tuesday, July 25, 2006 / Notices A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309: 1. Southeastern Bank Financial Corporation, Augusta, Georgia; to acquire Southern Bank and Trust, Aiken, South Carolina, and thereby engage de novo in operating a savings association, pursuant to section 225.28(b)(4)(ii) of Regulation Y. Board of Governors of the Federal Reserve System, July 20, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–11819 Filed 7–24–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM [Docket No. OP–1260] Federal Reserve Payment System Risk Policy: Modified Procedures for Measuring Daylight Overdrafts Board of Governors of the Federal Reserve System. ACTION: Policy Statement. AGENCY: The Board of Governors of the Federal Reserve System (Board) has adopted changes to its Policy on Payments System Risk affecting the procedures for measuring daylight overdrafts. Funds transfers that the Reserve Banks function for certain international organizations using systems other than their payments processing systems will be posted throughout the business day, which is the same treatment as for Fedwire funds transfers. DATES: Effective Date: July 20, 2006. FOR FURTHER INFORMATION CONTACT: 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: sroberts on PROD1PC70 with NOTICES SUMMARY: I. Background The Board’s Payment System Risk Policy establishes maximum limits (net debit caps) and fees on daylight overdrafts in depository institutions’ accounts at Reserve Banks. When the Board adopted daylight overdraft fees, the Reserve Banks began measuring depository institutions’ intraday account balances according to a set of ‘‘posting rules’’ established by the Board. These rules comprise a schedule for the posting of debits and credits to VerDate Aug<31>2005 18:02 Jul 24, 2006 Jkt 208001 institutions’ Federal Reserve accounts for different types of payments.1 The Board’s objectives in designing the posting rules include minimizing intraday float, facilitating depository institutions’ monitoring and control of their cash balances during the day, and reflecting the legal rights and obligations of parties to payments. Under these posting rules, certain transactions, including Fedwire funds transfers, Fedwire book-entry securities transfers, and National Settlement Service transactions, are posted as they are processed during the business day. The posting rules do not currently address instances when the Reserve Banks, acting as fiscal agents for certain international organizations, process funds transfers using internal systems other than their payments processing systems, such as Fedwire, to function payments in these institutions’ accounts. The legal rights and obligations of the parties to these payments enable the Reserve Banks to treat these funds transfers as final once the accounting entries are made in internal systems. The Board believes that these funds transfers should be treated consistent with Fedwire funds transfers, which are posted throughout the business day, for daylight overdraft measurement purposes. A footnote has been added to the posting rules under Fedwire funds transfers to clarify this treatment of funds transfers processed on internal systems by the Federal Reserve Banks for certain international organizations. II. Paperwork Reduction Act In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. ch. 3506; 5 CFR Part 1320, Appendix A.1), the Board has reviewed the policy statement under the authority delegated to the Board by the Office of Management and Budget. No collections of information pursuant to the Paperwork Reduction Act are contained in the policy statement. Policy on Payments System Risk In the Federal Reserve Policy on Payments System Risk, section II.A., under heading ‘‘Procedures for Measuring Daylight Overdrafts’’ and sub heading ‘‘Post Throughout Business Day’’, a new footnote under Fedwire funds transfers will be added. The new footnote will read 25 Funds transfers that the Reserve Banks function for certain international organizations using internal systems other 1 See ‘‘Federal Reserve Policy Statement on Payments System Risk,’’ section I.A (57 FR 47093, October 14, 1992). PO 00000 Frm 00019 Fmt 4703 Sfmt 4703 42093 than payment processing systems such as Fedwire will be posted throughout the business day for purposes of measuring daylight overdrafts. All subsequent footnotes will be renumbered to accommodate the addition of footnote number 25. By order of the Board of Governors of the Federal Reserve System, acting through the Director of the Division of Reserve Bank Operations and Payment Systems under delegated authority, July 19, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–11765 Filed 7–24–06; 8:45 am] BILLING CODE 6210–01–P GENERAL SERVICES ADMINISTRATION [OMB Control No. 3090–0270] Federal Acquisition Service; Information Collection; Access Certificates for Electronic Services (ACES) AGENCY: Office of the Commissioner, GSA. Notice of request for comments regarding a renewal to an existing OMB clearance. ACTION: SUMMARY: Under the provisions of the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the General Services Administration will be submitting to the Office of Management and Budget (OMB) a request to review and approve a renewal of a currently approved information collection requirement regarding Access Certificates for Electronic Services (ACES). The clearance currently expires on October 31, 2006. The ACES Program is designed to facilitate and promote secure electronic communications between online automated information technology application systems authorized by law to participate in the ACES Program and users who elect to participate in the program, through the implementation and operation of digital signature certificate technologies. Individual digital signature certificates are issued to individuals based upon their presentation of verifiable proof of identity in an authorized ACES Registration Authority. Business Representative digital signature certificates are issued to individuals based upon their presentation of verifiable proof of identity and verifiable proof of authority from the claimed entity to an authorized ACES Registration Authority. Public comments are particularly invited on: Whether this collection of E:\FR\FM\25JYN1.SGM 25JYN1

Agencies

[Federal Register Volume 71, Number 142 (Tuesday, July 25, 2006)]
[Notices]
[Pages 42092-42093]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-11819]


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FEDERAL RESERVE SYSTEM


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 
Sec.  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 website at www.ffiec.gov/nic/.
    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 August 19, 2006.

[[Page 42093]]

    A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. Southeastern Bank Financial Corporation, Augusta, Georgia; to 
acquire Southern Bank and Trust, Aiken, South Carolina, and thereby 
engage de novo in operating a savings association, pursuant to section 
225.28(b)(4)(ii) of Regulation Y.

    Board of Governors of the Federal Reserve System, July 20, 2006.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E6-11819 Filed 7-24-06; 8:45 am]
BILLING CODE 6210-01-S