Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 52356 [E8-20881]
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52356
PLACE:
Federal Register / Vol. 73, No. 175 / Tuesday, September 9, 2008 / Notices
999 E Street, NW., Washington,
DC.
This meeting will be closed to
the public.
ITEMS TO BE DISCUSSED: Compliance
matters pursuant to 2 U.S.C. 437g.
Audits conducted pursuant to 2 U.S.C.
437g, 438(b), and Title 26, U.S.C.
Matters concerning participation in civil
actions or proceedings or arbitration.
Internal personnel rules and procedures
or matters affecting a particular
employee.
PERSON TO CONTACT FOR INFORMATION:
Mr. Robert Biersack, Press Officer,
Telephone: (202) 694–1220.
STATUS:
Mary W. Dove,
Secretary of the Commission.
[FR Doc. E8–20786 Filed 9–8–08; 8:45 am]
BILLING CODE 6715–01–M
FEDERAL HOUSING FINANCE
AGENCY
Establishment of a New Independent
Agency
Federal Housing Finance
Agency.
ACTION: Notice of establishment.
jlentini on PROD1PC65 with NOTICES
AGENCY:
SUMMARY: This Notice is to announce
the establishment of a new independent
agency. Division A of the Housing and
Economic Recovery Act of 2008, Public
Law 110–289, 122 Stat. 2654 (2008),
titled the Federal Housing Finance
Regulatory Reform Act of 2008 (Act),
created the Federal Housing Finance
Agency (FHFA) as an independent
agency of the Federal Government.
FHFA was established on the date of
enactment, July 30, 2008, and the Act
provides for the abolishment of the
Office of Federal Housing Enterprise
Oversight (OFHEO) and the Federal
Housing Finance Board (FHFB) one year
after the date of enactment. These
agencies, together with the Housing and
Urban Development GovernmentSponsored Enterprise Mission Teams,
are combined to establish FHFA.
Regulations of FHFA will be found in 12
CFR chapter XII, parts 1200–1299.
FOR FURTHER INFORMATION CONTACT:
Alfred M. Pollard, General Counsel
(OFHEO), telephone (202) 414–3788 or
Christopher Curtis, General Counsel
(FHFB), telephone (202) 408–2802 (not
toll free numbers), Federal Housing
Finance Agency, Fourth Floor, 1700 G
Street, NW., Washington, DC 20552. The
telephone number for the
Telecommunications Device for the Deaf
is (800) 877–8339.
SUPPLEMENTARY INFORMATION: FHFA has
regulatory authority over the Federal
VerDate Aug<31>2005
17:08 Sep 08, 2008
Jkt 214001
National Mortgage Association (Fannie
Mae), the Federal Home Loan Mortgage
Corporation (Freddie Mac) and the
Federal Home Loan Banks (collectively,
the ‘‘regulated entities’’) and the Bank
System’s Office of Finance. The
establishment of FHFA strengthens the
nation’s housing finance system. This
new regulator has the authorities
necessary to enhance oversight of
Fannie Mae, Freddie Mac and the
Federal Home Loan Banks—vital
components of the nation’s secondary
mortgage markets.
FHFA was established to oversee the
prudential operations of each regulated
entity and to ensure:
• That each regulated entity operates
in a safe and sound manner, including
maintenance of adequate capital and
internal controls;
• That the operations and activities of
each regulated entity foster liquid,
efficient, competitive, and resilient
national housing finance markets
(including activities relating to
mortgages on housing for low- and
moderate-income families involving a
reasonable economic return that may be
less than the return earned on other
activities);
• That each regulated entity complies
with this title and the rules, regulations,
guidelines, and orders issued under this
title and the authorizing statutes;
• That each regulated entity carries
out its statutory mission only through
activities that are authorized under and
consistent with this title and the
authorizing statutes; and
• That the activities of each regulated
entity and the manner in which such
regulated entity is operated are
consistent with the public interest.
The authorities, powers and
responsibilities of FHFA are contained
in Titles 12 U.S.C. 1421 et seq. and 4501
et seq., as amended by Division A of
Public Law 110–289, 122 Stat. 2654
(2008).
Dated: August 30, 2008.
James B. Lockhart III,
Director, Federal Housing Finance Agency.
[FR Doc. E8–20839 Filed 9–8–08; 8:45 am]
BILLING CODE 4220–01–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
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire a bank or bank
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Fmt 4703
Sfmt 4703
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
September 24, 2008.
A. Federal Reserve Bank of St. Louis
(Glenda Wilson, Community Affairs
Officer) P.O. Box 442, St. Louis,
Missouri 63166–2034:
1. Larry T. Wilson Descendents Trust
and The Kathryn W. Roberts
Descendants Trust to join the Wilson
Family Control Group, all of
Jacksonville, Arkansas, and thereby
acquire control of First Arkansas
Bancshares, Inc., and thereby indirectly
acquire control of First Arkansas Bank
and Trust, both of Jacksonville,
Arkansas.
Board of Governors of the Federal Reserve
System, September 4, 2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8–20881 Filed 9–8–08; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL RESERVE SYSTEM
Sunshine Act Meeting
Board of
Governors of the Federal Reserve
System.
TIME AND DATE: 12:00 p.m., Monday,
September 15, 2008.
PLACE: Marriner S. Eccles Federal
Reserve Board Building, 20th and C
Streets, N.W., Washington, D.C. 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
AGENCY HOLDING THE MEETING:
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09SEN1
Agencies
[Federal Register Volume 73, Number 175 (Tuesday, September 9, 2008)]
[Notices]
[Page 52356]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-20881]
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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. [thinsp]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 September 24, 2008.
A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community
Affairs Officer) P.O. Box 442, St. Louis, Missouri 63166-2034:
1. Larry T. Wilson Descendents Trust and The Kathryn W. Roberts
Descendants Trust to join the Wilson Family Control Group, all of
Jacksonville, Arkansas, and thereby acquire control of First Arkansas
Bancshares, Inc., and thereby indirectly acquire control of First
Arkansas Bank and Trust, both of Jacksonville, Arkansas.
Board of Governors of the Federal Reserve System, September 4,
2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8-20881 Filed 9-8-08; 8:45 am]
BILLING CODE 6210-01-S