Notice of Open Special Meeting of the advisory Committee of the Export-Import Bank of the United States (Ex-Im Bank)., 8870 [08-681]
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8870
Federal Register / Vol. 73, No. 32 / Friday, February 15, 2008 / Notices
Revision of FR Notice Published on
01/25/2008: Correction to Lead
Agency from FAA to FTA.
EIS No. 20080040, Draft EIS, IBR, CA,
Folsam Lake State Recreation Area &
Folsam Powerhouse State Historic
Park, General Plan/Resource
Management Plan, Implementation,
Placer County, CA, Comment Period
Ends: 03/24/2008, Contact: Laura
Cabollero 916–989–7172. Revision to
FR Notice Published 02/08/2008:
Correction to the County and State.
Dated: February 12, 2008.
Robert W. Hargrove,
Director, NEPA Compliance Division, Office
of Federal Activities.
[FR Doc. E8–2951 Filed 2–14–08; 8:45 am]
BILLING CODE 6560–50–P
EXPORT-IMPORT BANK OF THE
UNITED STATES
rwilkins on PROD1PC63 with NOTICES
Notice of Open Special Meeting of the
advisory Committee of the ExportImport Bank of the United States (ExIm Bank).
SUMMARY: The advisory committee was
established by Public Law 98–181,
November 30, 1983, to advise the
Export-Import Bank on its programs and
to provide comments for inclusion in
the reports of the Export-Import Bank of
the United States to Congress
Time and Place: Wednesday, March 5,
2008 from 9 a.m. to 12 p.m. The meeting
will be held at Ex-Im Bank in the Main
Conference Room 1143, 811 Vermont
Avenue, NW., Washington, DC 20571.
Agenda: Agenda items include an
understanding of the ECA environment
and the factors to consider when
designing credit underwriting processes
and programs.
Public Participation: The meeting will
be open to public participation, and the
last 10 minutes will be set aside for oral
questions or comments. Members of the
public may also file written statement(s)
before or after the meeting. If you plan
to attend, a photo ID must be presented
at the guard’s desk as part of the
clearance process into the building, and
you may contact Susan Houser to be
placed on an attendee list. If any person
wishes auxiliary aids (such as a sign
language interpreter) or other special
accommodations, please contact, prior
to February 25, 2008, Susan Houser,
Rom 1273, 811 Vermont Avenue, NW.,
Washington, DC 20571, Voice: (202)
565–3232 or TDD (202) 565-3377.
Further Information: For further
information, contact Susan Houser,
VerDate Aug<31>2005
15:58 Feb 14, 2008
Jkt 214001
Room 1273, 811 Vermont Ave., NW.,
Washington, DC 20571, (202) 565–3232.
Howard A. Schweitzer,
General Counsel.
[FR Doc. 08–681 Filed 2–14–08; 8:45 am]
BILLING CODE 6690–01–M
FEDERAL DEPOSIT INSURANCE
CORPORATION
Statement of Policy on Bank Merger
Transactions
Federal Deposit Insurance
Corporation (‘‘FDIC’’).
ACTION: Amendment of statement of
policy.
AGENCY:
provisions of this law amended statutes
that the FDIC administers. One of those
statutes is the Bank Merger Act.1 In
addition, the Federal Deposit Insurance
Reform Act of 2005 (‘‘FDIRA’’) 2
consolidated the SAIF and the BIF into
the Deposit Insurance Fund. As a result,
the FDIC is amending its Statement of
Policy 3 to conform it to the Bank
Merger Act, as amended by FSRRA, and
to the changes made by FDIRA. The
FDIC is not seeking comment on the
amendments that it is making to the
Statement of Policy, and the
amendments are effective upon
publication in the Federal Register.
II. FSRRA Amendments to the Bank
Merger Act
SUMMARY: The FDIC is amending its
Statement of Policy on Bank Merger
Transactions (‘‘Statement of Policy’’) in
order to conform it to the Bank Merger
Act, as amended by the Financial
Services Regulatory Relief Act of 2006
(‘‘FSRRA’’). The FSRRA (i) eliminated
the need for the FDIC to obtain a
competitive factors report from the other
three Federal banking agencies in
processing a merger application and (ii)
eliminated both the post-approval
waiting period and the need to obtain
any competitive factors reports, when
the merger solely involves an insured
depository institution and one or more
affiliates. In addition, the FDIC is
amending its Statement of Policy in
order to remove any discussion of
‘‘Oakar Transactions’’ since the Federal
Deposit Insurance Reform Act of 2005
consolidated the former Savings
Association Insurance Fund (‘‘SAIF’’)
and the former Bank Insurance Fund
(‘‘BIF’’) into the Deposit Insurance
Fund. Finally, the FDIC is amending its
Statement of Policy in order to conform
the description of the factors to be
considered in evaluating a merger more
closely to the language of the Bank
Merger Act, and for other technical
reasons.
DATES: February 15, 2008.
FOR FURTHER INFORMATION CONTACT:
Brett A. McCallister, Review Examiner
(816) 234–8099 x4223, in the Division of
Supervision and Consumer Protection;
Julia E. Paris, Senior Attorney (202)
898–3821 or Robert C. Fick, Counsel,
(202) 898–8962, in the Legal Division.
SUPPLEMENTARY INFORMATION:
A. Section 606 of FSRRA
Four Federal banking agencies must
utilize the Bank Merger Act to approve
merger transactions subject to their
respective jurisdiction; those agencies
are the FDIC, the Federal Reserve Board
(‘‘FRB’’), the Office of the Comptroller of
the Currency (‘‘OCC’’), and the Office of
Thrift Supervision (‘‘OTS’’). Prior to
FSRRA, the Federal banking agency
responsible for processing a particular
merger application had to request and
obtain a competitive factors report from
each of the other three Federal banking
agencies. Section 606 of FSRRA
amended section 18(c)(4) of the Federal
Deposit Insurance Act (‘‘FDI Act’’), 12
U.S.C. 1828(c)(4), to eliminate that
requirement. Section 606 did not,
however, eliminate the requirement that
the responsible agency obtain a
competitive factors report from the
Attorney General of the United States;
that requirement remains unchanged. In
addition, section 606 also added the
requirement that in processing a merger
application, the FRB, the OCC, or the
OTS, as the case may be, must submit
a copy of each request for a competitive
factors report to the FDIC.
Section 606 also made two changes to
the Bank Merger Act that apply to
mergers that solely involve an insured
depository institution and one or more
affiliates (‘‘Affiliate Mergers’’). First, for
Affiliate Mergers, section 606 amended
section 18(c)(4) of the FDI Act, 12 U.S.C.
1828(c)(4), to eliminate the need for the
responsible Federal banking agency to
request competitive factors reports from
either the other Federal banking
agencies or the Attorney General of the
I. Background
On October 13, 2006, the President
signed into law the FSRRA, Public Law
No. 109–351. The stated purpose of the
law is to reduce regulatory burden and
improve productivity for insured
depository institutions. Many of the
1 Section 18(c) of the Federal Deposit Insurance
Act, 12 U.S.C. 1828(c).
2 Pub. L. 109–171, 120 Stat. 9 (Feb. 8, 2006).
3 The FDIC’s Statement of Policy on Bank Merger
Transactions was published in the Federal Register
at 63 FR 44761 on August 20, 1998; subsequent
amendments were published at 67 FR 48178 on July
23, 2002 and at 67 FR 79278 on December 27, 2002.
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[Federal Register Volume 73, Number 32 (Friday, February 15, 2008)]
[Notices]
[Page 8870]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 08-681]
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EXPORT-IMPORT BANK OF THE UNITED STATES
Notice of Open Special Meeting of the advisory Committee of the
Export-Import Bank of the United States (Ex-Im Bank).
SUMMARY: The advisory committee was established by Public Law 98-181,
November 30, 1983, to advise the Export-Import Bank on its programs and
to provide comments for inclusion in the reports of the Export-Import
Bank of the United States to Congress
Time and Place: Wednesday, March 5, 2008 from 9 a.m. to 12 p.m. The
meeting will be held at Ex-Im Bank in the Main Conference Room 1143,
811 Vermont Avenue, NW., Washington, DC 20571.
Agenda: Agenda items include an understanding of the ECA
environment and the factors to consider when designing credit
underwriting processes and programs.
Public Participation: The meeting will be open to public
participation, and the last 10 minutes will be set aside for oral
questions or comments. Members of the public may also file written
statement(s) before or after the meeting. If you plan to attend, a
photo ID must be presented at the guard's desk as part of the clearance
process into the building, and you may contact Susan Houser to be
placed on an attendee list. If any person wishes auxiliary aids (such
as a sign language interpreter) or other special accommodations, please
contact, prior to February 25, 2008, Susan Houser, Rom 1273, 811
Vermont Avenue, NW., Washington, DC 20571, Voice: (202) 565-3232 or TDD
(202) 565-3377.
Further Information: For further information, contact Susan Houser,
Room 1273, 811 Vermont Ave., NW., Washington, DC 20571, (202) 565-3232.
Howard A. Schweitzer,
General Counsel.
[FR Doc. 08-681 Filed 2-14-08; 8:45 am]
BILLING CODE 6690-01-M
