Government in the Sunshine; Meeting Notice, 50329 [E8-19908]

Download as PDF Federal Register / Vol. 73, No. 166 / Tuesday, August 26, 2008 / Notices in Tier 1 capital pledged deposits and nonwithdrawable accounts to the extent that such accounts or deposits have no fixed maturity date, cannot be withdrawn at the option of the accountholder, and do not earn interest that carries over to subsequent periods. The OTS also permits the inclusion of net worth certificates, mutual capital certificates, and income capital certificates complying with applicable OTS regulations in savings associations’ Tier 2 capital. In the aggregate, however, these deposits, accounts, and certificates are only a negligible amount, if any, of the Tier 1 or Tier 2 capital of OTSsupervised savings associations. The OCC, the FRB, and the FDIC do not expressly address these instruments in their regulatory capital standards, and they generally are not recognized as Tier 1 or Tier 2 capital components. stock becomes at least 90 percent owned by an investor or investor group. Dated: July 31, 2008. John C. Dugan, Comptroller of the Currency. By order of the Board of Governors of the Federal Reserve System. August 20, 2008. Robert deV. Frierson, Deputy Secretary of the Board. Dated at Washington, DC, this 18th day of August, 2008. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. Dated: July 24, 2008. By the Office of Thrift Supervision. John M. Reich, Director. [FR Doc. E8–19676 Filed 8–25–08; 8:45 am] BILLING CODES 4810–33–P (25%), 6210–01–P (25%), 6714–01–P (25%), 6720–01–P (25%) Covered Assets The OCC, the FRB, and the FDIC generally place assets subject to guarantee arrangements by the FDIC or the former Federal Savings and Loan Insurance Corporation in the 20 percent risk-weight category. The OTS places these ‘‘covered assets’’ in the zero percent risk-weight category. In the aggregate, the amount of covered assets in OTS-supervised savings associations is negligible. Differences in Accounting Standards Among the Federal Banking Agencies sroberts on PROD1PC76 with NOTICES Push-down accounting is the establishment of a new accounting basis for a depository institution in its separate financial statements as a result of the institution becoming substantially wholly owned. Under push-down accounting, when a depository institution is acquired in a purchase, yet retains its separate corporate existence, the assets and liabilities of the acquired institution are restated to their fair values as of the acquisition date. These values, including any goodwill, are reflected in the separate financial statements of the acquired institution, as well as in any consolidated financial statements of the institution’s parent. The OCC, the FRB, and the FDIC require the use of push-down accounting for regulatory reporting purposes when an institution’s voting stock becomes at least 95 percent owned by an investor or a group of investors acting collaboratively. This approach is generally consistent with accounting interpretations issued by the staff of the Securities and Exchange Commission. The OTS requires the use of push-down accounting when an institution’s voting 00:53 Aug 26, 2008 Jkt 214001 Government in the Sunshine; Meeting Notice Board of Governors of the Federal Reserve System. AGENCY HOLDING THE MEETING: 11:30 a.m., Tuesday, September 2, 2008. TIME AND DATE: Marriner S. Eccles Federal Reserve Board Building, 20th and C Streets, NW., Washington, DC 20551. PLACE: Push-Down Accounting VerDate Aug<31>2005 FEDERAL RESERVE SYSTEM STATUS: Closed. MATTERS TO BE CONSIDERED: 1. Personnel actions (appointments, promotions, assignments, reassignments, and salary actions) involving individual Federal Reserve System employees. 2. Any items carried forward from a previously announced meeting. FOR FURTHER INFORMATION CONTACT: Michelle Smith, Director, or Dave Skidmore, Assistant to the Board, Office of Board Members at 202–452–2955. You may call 202–452–3206 beginning at approximately 5 p.m. two business days before the meeting for a recorded announcement of bank and bank holding company applications scheduled for the meeting; or you may contact the Board’s Web site at https:// www.federalreserve.gov for an electronic announcement that not only lists applications, but also indicates procedural and other information about the meeting. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 50329 Dated: August 22, 2008. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E8–19908 Filed 8–22–08; 4:15 pm] BILLING CODE 6210–01–P GENERAL SERVICES ADMINISTRATION Multiple Award Schedule Advisory Panel; Notification of Public Advisory Panel Meetings U.S. General Services Administration (GSA). ACTION: Notice. AGENCY: SUMMARY: The U.S. General Services Administration (GSA) Multiple Award Schedule Advisory Panel (MAS Panel), a Federal Advisory Committee, will hold public meetings on the following dates: Friday, September 19, 2008; Monday, September 22, 2008; Monday, October 6, 2008; and Monday, October 27, 2008. GSA utilizes the MAS program to establish long-term Governmentwide contracts with responsible firms to provide Federal, State, and local government customers with access to a wide variety of commercial supplies (products) and services. The MAS Panel was established to develop advice and recommendations on MAS program pricing policies, provisions, and procedures in the context of current commercial pricing practices. For the next 3 to 4 meetings, the Panel plans to focus on developing recommendations for MAS program pricing provisions for the acquisition of (1) professional services; (2) products; (3) total solutions which consist of professional services and products; and (4) non professional services. In developing the recommendations, the Panel will, at a minimum, address these 5 questions for each of the 4 types of acquisitions envisioned above: (1) Where does competition take place?; (2) If competition takes place primarily at the task/delivery order level, does a fair and reasonable price determination at the MAS contract level really matter?; (3) If the Panel consensus is that competition is at the task order level, are the methods that GSA uses to determine fair and reasonable prices and maintain the price/discount relationship with the basis of award customer(s) adequate?; (4) If the current policy is not adequate, what are the recommendations to improve the policy/guidance; and (5) If fair and reasonable price determination at the MAS contract level is not beneficial and the fair and reasonable price determination is to be determined only C:\FR\FM\26AUN1.SGM 26AUN1

Agencies

[Federal Register Volume 73, Number 166 (Tuesday, August 26, 2008)]
[Notices]
[Page 50329]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-19908]


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FEDERAL RESERVE SYSTEM


Government in the Sunshine; Meeting Notice

Agency Holding the Meeting:  Board of Governors of the Federal Reserve 
System.

Time and Date:  11:30 a.m., Tuesday, September 2, 2008.

Place:  Marriner S. Eccles Federal Reserve Board Building, 20th and C 
Streets, NW., Washington, DC 20551.

Status:  Closed.

Matters to be Considered: 
    1. Personnel actions (appointments, promotions, assignments, 
reassignments, and salary actions) involving individual Federal Reserve 
System employees.
    2. Any items carried forward from a previously announced meeting.

FOR FURTHER INFORMATION CONTACT: Michelle Smith, Director, or Dave 
Skidmore, Assistant to the Board, Office of Board Members at 202-452-
2955.

SUPPLEMENTARY INFORMATION: You may call 202-452-3206 beginning at 
approximately 5 p.m. two business days before the meeting for a 
recorded announcement of bank and bank holding company applications 
scheduled for the meeting; or you may contact the Board's Web site at 
https://www.federalreserve.gov for an electronic announcement that not 
only lists applications, but also indicates procedural and other 
information about the meeting.

    Dated: August 22, 2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
 [FR Doc. E8-19908 Filed 8-22-08; 4:15 pm]
BILLING CODE 6210-01-P
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