Federal Open Market Committee; Domestic Policy Directive of October 24-25, 2006, 67867 [E6-19903]

Download as PDF Federal Register / Vol. 71, No. 226 / Friday, November 24, 2006 / Notices Board of Governors of the Federal Reserve System, November 20, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–19853 Filed 11–22–06; 8:45 am] BILLING CODE 6210–01–S BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies cprice-sewell on PROD1PC66 with NOTICES Board of Governors of the Federal Reserve System, November 20, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–19852 Filed 11–22–06; 8:45 am] 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 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 December 18, 2006. A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166–2034: 1. Old National Bancorp, Evansville, Indiana; to acquire 100 percent of the voting shares of St. Joseph Capital Corporation, Mishawaka, Indiana, and thereby indirectly acquire voting shares of St. Joseph Capital Bank, Mishawaka, Indiana. VerDate Aug<31>2005 13:24 Nov 22, 2006 Jkt 211001 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 December 8, 2006. A. Federal Reserve Bank of New York (Anne McEwen, Financial Specialist) 33 Liberty Street, New York, New York 10045–0001: 1. Banca Intesa S.p.A., Milan, Italy; to acquire 100 percent of the voting shares of Banca IMI Securities Corp. New York, New York, and thereby indirectly acquire voting shares of Sanpaolo IMI S.p.A., Milan, Italy, and thereby engage in, extending credit and servicing loans, pursuant to section 225.28(b)(1); activities related to extending credit, pursuant to section 225.28(b)(2); financial and investment advisory activities, pursuant to section 225.28(b)(6); agency transactional services for customer investment, pursuant to section 225.28(b)(7); and in PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 67867 investment transactions as principal, pursuant to section 225.28(b)(8), all of Regulation Y. Board of Governors of the Federal Reserve System, November 20, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–19851 Filed 11–22–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of October 24–25, 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 October 24-25, 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 maintaining the federal funds rate at an average of around 51⁄4 percent. By order of the Federal Open Market Committee, November 16, 2006. Vincent R. Reinhart, Secretary, Federal Open Market Committee. [FR Doc. E6–19903 Field 11–22–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL TRADE COMMISSION Granting of Request for Early Termination of the Waiting Period Under the Premerger Notification Rules Section 7A of the Clayton Act, 15 U.S.C. 18a, as added by Title II of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, requires persons contemplating certain mergers or acquisitions to give the Federal Trade Commission and the Assistant Attorney General advance notice and to wait designated periods before consummation of such plans. Section 7A(b)(2) of the act permits the agencies, in individual cases, to terminate this 1 Copies of the Minutes of the Federal Open Market Committee meeting on October 24-25, 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, D.C. 20551. The minutes are published in the Federal Reserve Bulletin and in the Board’s annual report. E:\FR\FM\24NON1.SGM 24NON1

Agencies

[Federal Register Volume 71, Number 226 (Friday, November 24, 2006)]
[Notices]
[Page 67867]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-19903]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
October 24-25, 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 October 24-25, 2006.\1\
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    \1\ Copies of the Minutes of the Federal Open Market Committee 
meeting on October 24-25, 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, D.C. 
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 maintaining the federal funds rate at an average of around 5\1/4\ 
percent.
    By order of the Federal Open Market Committee, November 16, 2006.

Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. E6-19903 Field 11-22-06; 8:45 am]
BILLING CODE 6210-01-S
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