Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 2880 [E7-846]
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2880
Federal Register / Vol. 72, No. 14 / Tuesday, January 23, 2007 / Notices
List of Subjects
Environmental protection, Asbestos,
Hazardous substances, Occupational
health and safety, Reporting and
recordkeeping requirements, Schools.
Authority: 42 U.S.C. 7401 et seq.
Dated: January 8, 2007.
A. Stanley Meiburg,
Acting Regional Administrator, Region 4.
[FR Doc. E7–922 Filed 1–22–07; 8:45 am]
BILLING CODE 6560–50–P
FARM CREDIT ADMINISTRATION
Board Action Cancelling Charter of the
Farm Credit System Financial
Assistance Corporation
Farm Credit Administration.
Notice.
AGENCY:
ACTION:
SUMMARY: The Farm Credit
Administration (FCA or Agency),
through the FCA Board, cancelled the
charter of the Farm Credit System
Financial Assistance Corporation (FAC
or Corporation) at the January 11, 2007,
Board meeting. The FCA chartered the
FAC on January 11, 1988, to carry out
a program to provide capital to Farm
Credit System (System) institutions that
were experiencing financial difficulties,
and to assist in the repayment by
System institutions to those that
provided funds in connection with the
program. The FAC discharged all of its
responsibilities with respect to the
repayment of FAC obligations during
June 2005, and as a result, became
eligible to terminate its corporate
existence.
EFFECTIVE DATE:
December 31, 2006.
Eric
Howard, Senior Policy Analyst, Office
of Regulatory Policy, Farm Credit
Administration, McLean, Virginia
22102–5090, (703) 883–4481, TTY (703)
883–4056, or Rebecca Orlich, Senior
Counsel, Office of General Counsel,
Farm Credit Administration, McLean,
Virginia 22102–5090, (703) 883–4020,
TTY (703) 883–4020.
SUPPLEMENTARY INFORMATION: On
January 11, 2007, the FCA Board took
action to cancel the charter and
corporate existence of the FAC. The text
of the Board action is set forth below:
Whereas, on January 11, 1988, the
Farm Credit Administration chartered
the Farm Credit System Financial
Assistance Corporation pursuant to
section 6.20, title VI, subtitle B of the
Farm Credit Act of 1971, as amended
(Act), to carry out a program to provide
capital to institutions of the Farm Credit
System (System) that were experiencing
mstockstill on PROD1PC70 with NOTICES
FOR FURTHER INFORMATION CONTACT:
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19:33 Jan 22, 2007
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financial difficulties and to assist in the
repayment by System institutions to
those that provided funds in connection
with the program; and
Whereas, section 6.31 of the Act
provides that the Farm Credit System
Financial Assistance Corporation will
terminate upon the complete discharge
of its statutory obligations, but in no
event later than 2 years following the
maturity and full payment of its debt
obligations; and
Whereas, on June 10, 2005, the last
remaining debt obligation issued by the
Farm Credit System Financial
Assistance Corporation matured and
was repaid; and
Whereas, on June 10, 2005, all interest
advanced by the U.S. Treasury was
repaid; and
Whereas, the final audit of the Farm
Credit System Financial Assistance
Corporation as of September 30, 2005,
was completed by
PricewaterhouseCoopers, an
independent auditor; and
Whereas, on November 14, 2005, the
Farm Credit Administration issued to
the Farm Credit System Financial
Assistance Corporation a final Report of
Examination as of September 30, 2005;
and
Whereas, the Farm Credit
Administration has determined that the
Farm Credit System Financial
Assistance Corporation has effectively
completed its statutory mission,
complied with applicable laws and
regulations, operated in a safe and
sound manner, and thus has fulfilled its
statutory obligations and discharged its
responsibilities under sections 6.9 and
6.26 of the Act;
Now, therefore, it is hereby ordered
that:
The charter of the Farm Credit System
Financial Assistance Corporation is
hereby cancelled retroactively to
December 31, 2006.
Signed by Nancy C. Pellett, Chairman,
Farm Credit Administration Board on
January 11, 2007.
Dated: January 18, 2007.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
[FR Doc. E7–903 Filed 1–22–07; 8:45 am]
BILLING CODE 6705–01–P
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisition of Shares of Bank or Bank
Holding Companies
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
PO 00000
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Fmt 4703
Sfmt 4703
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire a bank or bank
holding company. The factors that are
considered in acting on the notices are
set forth in paragraph 7 of the Act (12
U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the office of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than February
7, 2007.
A. Federal Reserve Bank of Kansas
City (Donna J. Ward, Assistant Vice
President) 925 Grand Avenue, Kansas
City, Missouri 64198–0001:
1. John P. Stinner and Rita E. Stinner,
both of Gering, Nebraska, to acquire
voting shares of First Express of
Nebraska, Inc., Gering, Nebraska, and
thereby indirectly acquire voting shares
of Valley Bank and Trust Company,
Scottsbluff, Nebraska.
Board of Governors of the Federal Reserve
System, January 17, 2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7–846 Filed 1–22–07; 8:45 am]
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
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]]>Agencies
[Federal Register Volume 72, Number 14 (Tuesday, January 23, 2007)]
[Notices]
[Page 2880]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-846]
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FEDERAL RESERVE SYSTEM
Change in Bank Control Notices; Acquisition of Shares of Bank or
Bank Holding Companies
The notificants listed below have applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and Sec. 225.41 of the Board's
Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company.
The factors that are considered in acting on the notices are set forth
in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
The notices are available for immediate inspection at the Federal
Reserve Bank indicated. The notices also will be available for
inspection at the office of the Board of Governors. Interested persons
may express their views in writing to the Reserve Bank indicated for
that notice or to the offices of the Board of Governors. Comments must
be received not later than February 7, 2007.
A. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
1. John P. Stinner and Rita E. Stinner, both of Gering, Nebraska,
to acquire voting shares of First Express of Nebraska, Inc., Gering,
Nebraska, and thereby indirectly acquire voting shares of Valley Bank
and Trust Company, Scottsbluff, Nebraska.
Board of Governors of the Federal Reserve System, January 17,
2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-846 Filed 1-22-07; 8:45 am]
BILLING CODE 6210-01-S
