Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 12417 [E8-4487]
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Federal Register / Vol. 73, No. 46 / Friday, March 7, 2008 / Notices
include a proposed timetable as
described above.
Federal Communications Commission.
Marlene H. Dortch,
Secretary.
[FR Doc. E8–4597 Filed 3–6–08; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL HOUSING FINANCE BOARD
Sunshine Act Meeting Notice;
Announcing a Partially Open Meeting
of the Board of Directors
The open meeting of the
Board of Directors is scheduled to begin
at 10 a.m. on Wednesday, March 12,
2008. The closed portion of the meeting
will follow immediately the open
portion of the meeting.
PLACE: Board Room, First Floor, Federal
Housing Finance Board, 1625 Eye
Street, NW., Washington, DC 20006.
STATUS: The first portion of the meeting
will be open to the public. The final
portion of the meeting will be closed to
the public.
TIME AND DATE:
MATTER TO BE CONSIDERED AT THE OPEN
PORTION: Appointment to the Office of
Finance Board of Directors.
MATTER TO BE CONSIDERED AT THE CLOSED
PORTION: Periodic Update of
Examination Program Development and
Supervisory Findings.
FOR FURTHER INFORMATION CONTACT:
Shelia Willis, Paralegal Specialist,
Office of General Counsel, at 202–408–
2876 or williss@fhfb.gov.
Dated: March 4, 2008.
By the Federal Housing Finance Board.
Neil R. Crowley,
Acting General Counsel.
[FR Doc. 08–992 Filed 3–5–08; 2:29 pm]
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 applications 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 April 3, 2008.
A. Federal Reserve Bank of Kansas
City (Todd Offenbacker, Assistant Vice
President) 925 Grand Avenue, Kansas
City, Missouri 64198–0001:
1. Grant County Bank Employee Stock
Ownership Plan, to acquire an
additional 2.13 percent of the voting
shares of Resource One, Inc., and
thereby indirectly acquire voting shares
of Grant County Bank, all of Ulysses,
Kansas.
Board of Governors of the Federal Reserve
System, March 4, 2008.
Margaret McCloskey Shanks,
Associate Secretary of the Board.
[FR Doc. E8–4487 Filed 3–6–08; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL RESERVE SYSTEM
BILLING CODE 6725–01–P
[Docket No. OP–1309]
Policy on Payments System Risk
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
sroberts on PROD1PC70 with NOTICES
FEDERAL RESERVE SYSTEM
AGENCY:
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.
VerDate Aug<31>2005
18:46 Mar 06, 2008
Jkt 214001
Board of Governors of the
Federal Reserve System.
ACTION: Policy statement; request for
comment.
SUMMARY: The Board of Governors of the
Federal Reserve System (Board) requests
comment on proposed changes to its
Payments System Risk (PSR) policy that
would adopt a new strategy for
providing intraday balances and credit
to depository institutions and encourage
such institutions to collateralize their
daylight overdrafts. The Board believes
changes to the Federal Reserve’s current
strategy for providing intraday balances
and credit to the banking industry
PO 00000
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Fmt 4703
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12417
would help loosen liquidity constraints
and reduce operational risk.
Specifically, the Board proposes to
adopt a policy of supplying intraday
balances to healthy depository
institutions predominantly through
explicitly collateralized daylight
overdrafts provided at a zero fee. The
Board would allow depository
institutions to pledge collateral
voluntarily to secure daylight overdrafts
but would encourage the voluntary
pledging of collateral to cover daylight
overdrafts by raising the fee for
uncollateralized daylight overdrafts to
50 basis points (annual rate) from the
current 36 basis points. The Board also
proposes to increase the biweekly
daylight overdraft fee waiver to $150
from $25 to minimize the effect of the
proposed policy changes on institutions
that use small amounts of daylight
overdrafts (small users). In addition, the
proposed policy would involve changes
to other elements of the PSR policy
dealing with daylight overdrafts,
including adjusting net debit caps,
streamlining maximum daylight
overdraft capacity (max cap) procedures
for certain foreign banking organizations
(FBOs), eliminating the current
deductible for daylight overdraft fees,
and increasing the penalty daylight
overdraft fee for ineligible institutions to
150 basis points (annual rate) from the
current 136 basis points.
DATES: Comments must be received on
or before June 4, 2008.
ADDRESSES: You may submit comments,
identified by Docket No. OP–1309, by
any of the following methods:
• Agency Web Site: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail: regs.comments@federal
reserve.gov. Include the docket number
in the subject line of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Address to Jennifer J. Johnson,
Secretary, Board of Governors of the
Federal Reserve System, 20th Street and
Constitution Avenue, NW., Washington,
DC 20551.
All public comments will be made
available on the Board’s Web site at
https://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm as
submitted, unless modified for technical
reasons. Accordingly, comments will
not be edited to remove any identifying
or contact information. Public
comments may also be viewed
E:\FR\FM\07MRN1.SGM
07MRN1
]]>Agencies
[Federal Register Volume 73, Number 46 (Friday, March 7, 2008)]
[Notices]
[Page 12417]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-4487]
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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 applications 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 April 3, 2008.
A. Federal Reserve Bank of Kansas City (Todd Offenbacker, Assistant
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
1. Grant County Bank Employee Stock Ownership Plan, to acquire an
additional 2.13 percent of the voting shares of Resource One, Inc., and
thereby indirectly acquire voting shares of Grant County Bank, all of
Ulysses, Kansas.
Board of Governors of the Federal Reserve System, March 4, 2008.
Margaret McCloskey Shanks,
Associate Secretary of the Board.
[FR Doc. E8-4487 Filed 3-6-08; 8:45 am]
BILLING CODE 6210-01-S
