Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities, 9336-9337 [E7-3570]

Download as PDF 9336 Federal Register / Vol. 72, No. 40 / Thursday, March 1, 2007 / Notices FEDERAL RESERVE SYSTEM rmajette on PROD1PC67 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 March 26, 2007. A. Federal Reserve Bank of Boston (Richard Walker, Community Affairs Officer) P.O. Box 55882, Boston, Massachusetts 02106-2204: 1. Butler Bancorp, MHC and Butler Bancorp, Inc., both of Lowell, Massachusetts; to acquire 100 percent of the voting shares of, and merge with, Marlborough Bancorp, MHC and thereby indirectly acquire voting shares of Marlborough Co-operative Bank, both of Marlborough, Massachusetts. B. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166-2034: 1. Cedar Bancorp, Inc. Mt. Vernon, Illinois; to become a bank holding company by acquiring 100 percent of Jeff City Bancorp, Inc., Mt. Vernon, Illinois and thereby indirectly acquire VerDate Aug<31>2005 15:01 Feb 28, 2007 Jkt 211001 First National Bank of Mount Vernon, Mt. Vernon, Illinois. 2. Freedom Bancorp, Huntingburg, Indiana; to become a bank holding company by acquiring 100 percent of Freedom Bank, Huntingburg, Indiana. Board of Governors of the Federal Reserve System, February 23, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–3568 Filed 2–28–07; 8:45 am] Commercial Bank of Florida, both of Miami, Florida. Board of Governors of the Federal Reserve System, February 26, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–3571 Filed 2–28–07; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM 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 must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than March 26, 2007. A. Federal Reserve Bank of Atlanta (David Tatum, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309: 1. The Colonial BancGroup, Inc., Montgomery, Alabama; to merge with Commercial Bankshares, Inc., and thereby acquire its subsidiary, PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 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 March 16, 2007. A. Federal Reserve Bank of San Francisco (Tracy Basinger, Director, Regional and Community Bank Group) 101 Market Street, San Francisco, California 94105-1579: 1. NHB Holdings, Inc., and Proficio Mortgage Ventures, LLC, both of Jacksonville, Florida; to engage de novo through a joint venture with Plus Relocation Mortgage Solutions, Minneapolis, Minnesota, and thereby engage in Mortgage related activities pursuant to section 225.28(b)(1) of Regulation Y. E:\FR\FM\01MRN1.SGM 01MRN1 Federal Register / Vol. 72, No. 40 / Thursday, March 1, 2007 / Notices Board of Governors of the Federal Reserve System, February 23, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–3570 Filed 2–28–07; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Federal Open Market Committee; Rules of Organization Federal Open Market Committee. ACTION: Notice; Amendment to Rules of Organization. AGENCY: SUMMARY: The Federal Open Market Committee (the ‘‘Committee’’) has amended its Rules of Organization to allow for the appointment of a temporary manager of the System Open Market Account in certain circumstances. The amendments to the Rules of Organization became effective on January 30, 2007. FOR FURTHER INFORMATION CONTACT: Kieran J. Fallon, Assistant General Counsel (202–452–5270), April Snyder, Senior Attorney (202–452–3099), Legal Division; Board of Governors of the Federal Reserve System; Deborah J. Danker, Deputy Secretary (202–452– 3253), or Matthew Luecke, Senior Financial Analyst, (202–452–2576); Federal Open Market Committee, 20th Street and Constitution Avenue, NW., Washington, DC 20551. Users of Telecommunication Device for Deaf (TTD) only, call (202) 263–4869. SUPPLEMENTARY INFORMATION: The Committee is composed of the members of the Board of Governors of the Federal Reserve System and five representatives of the Federal Reserve Banks, selected in the manner set forth in section 12A of the Federal Reserve Act (12 U.S.C. 263(a)). The Committee’s Rules of Organization provide for the Committee to select a manager of the System Open Market Account, which is the account through which open market transactions are conducted on behalf and under the direction of the Committee.1 The manager keeps the Committee informed on market conditions and on transactions made for the System Open Market Account and renders such reports as the Committee may specify. The Rules of Organization also provide that the manager selected by the Committee shall be satisfactory to the Federal Reserve Bank selected by the Committee to execute transactions for rmajette on PROD1PC67 with NOTICES DATES: 1 See Committee Rules of Organization, § 5. VerDate Aug<31>2005 15:01 Feb 28, 2007 Jkt 211001 the System Open Market Account (‘‘executing Reserve Bank’’). The manager serves at the pleasure of the Committee. The Committee has amended its Rules of Organization to also provide that if the President of the executing Reserve Bank determines that the manager is not able to perform the duties of the position, the Chairman of the Committee may select, with the concurrence of such President, another person to serve temporarily as manager until the Committee and the executing Reserve Bank select a replacement manager in accordance with the Committee’s Rules of Organization. This provision is designed to facilitate the smooth and uninterrupted operation of the System Open Market Account in the event that a manager becomes unable to serve in the position. The Committee has incorporated the amendments into the Committee’s Rules of Organization. The Committee’s Rules of Organization are uncodified regulations for use by the Committee and are issued pursuant to 5 U.S.C. 552. Because the amendments relate solely to the internal organization, procedure, or practice of the Committee, the public notice, public comment, and delayed effective date provisions of the Administrative Procedure Act do not apply.2 For the reasons discussed above, the Committee has amended its Rules of Organization as follows: 1. The following sentence is added at the end of § 5 of the Rules of Organization: Section 5—Manager * * * In the event that the President of the Federal Reserve Bank selected by the Committee determines that the manager is not able to perform the duties of the position, the Chairman may select a person satisfactory to such President to serve as manager until the Committee and the designated Reserve Bank select a replacement manager in accordance with this section. By order of the Federal Open Market Committee, February 23, 2007. Vincent R. Reinhart, Secretary, Federal Open Market Committee. [FR Doc. E7–3540 Filed 2–28–07; 8:45 am] BILLING CODE 6210–01–P 2 See PO 00000 5 U.S.C. 553(b) and (d). Frm 00036 Fmt 4703 Sfmt 4703 9337 FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of January 30–31, 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 January 30–31, 2007.1 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, February 22, 2007. Vincent R. Reinhart, Secretary, Federal Open Market Committee. [FR Doc. E7–3543 Field 2–28–07; 8:45 am] BILLING CODE 6210–01–S GENERAL SERVICES ADMINISTRATION Privacy Act of 1974; Cancellation of a System of Records General Services Administration ACTION: Cancellation of a system of records AGENCY: SUMMARY: The General Services Administration (GSA) is providing notice of a cancelled record system, Parties Excluded from Federal Procurement and Nonprocurement Program (GSA/OAP–1). The system was replaced by the new system of records GSA/Govt–8 (Excluded Parties List System) which became effective on January 4, 2007. DATES: Effective: March 1, 2007. FOR FURTHER INFORMATION: Call or e-mail the GSA Privacy Act Officer: telephone 202–208–1317; e-mail gsa.privacyact@gsa.gov. ADDRESSES: Comments may be submitted to the Program Manager, Integrated Acquisition Environment Program, Office of the Chief Acquisition 1 Copies of the Minutes of the Federal Open Market Committee meeting on January 30–31, 2007, 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\01MRN1.SGM 01MRN1

Agencies

[Federal Register Volume 72, Number 40 (Thursday, March 1, 2007)]
[Notices]
[Pages 9336-9337]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-3570]


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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. [thinsp]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 March 16, 2007.
    A. Federal Reserve Bank of San Francisco (Tracy Basinger, Director, 
Regional and Community Bank Group) 101 Market Street, San Francisco, 
California 94105-1579:
    1. NHB Holdings, Inc., and Proficio Mortgage Ventures, LLC, both of 
Jacksonville, Florida; to engage de novo through a joint venture with 
Plus Relocation Mortgage Solutions, Minneapolis, Minnesota, and thereby 
engage in Mortgage related activities pursuant to section 225.28(b)(1) 
of Regulation Y.



[[Page 9337]]


    Board of Governors of the Federal Reserve System, February 23, 
2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-3570 Filed 2-28-07; 8:45 am]
BILLING CODE 6210-01-S