Federal Open Market Committee; Domestic Policy Directive of September 16, 2008, 61421 [E8-24603]

Download as PDF Federal Register / Vol. 73, No. 201 / Thursday, October 16, 2008 / Notices of the Board of Governors. Comments must be received not later than October 29, 2008. A. Federal Reserve Bank of San Francisco (Kenneth Binning, Vice President, Applications and Enforcement) 101 Market Street, San Francisco, California 94105–1579: 1. Fife Commerical Bank 401K ESOP, to acquire voting shares of Puget Sound Financial Services, Inc., and thereby indirectly acquire voting shares of Fife Commercial Bank, all of Fife, Washington. Board of Governors of the Federal Reserve System, October 9, 2008. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E8–24528 Filed 10–15–08; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of September 16, 2008 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 September 16, 2008.1 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 2 percent. By order of the Federal Open Market Committee, October 7, 2008. Brian F. Madigan, Secretary, Federal Open Market Committee. [FR Doc. E8–24603 Filed 10–15–08; 8:45 am] 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 1 Copies of the Minutes of the Federal Open Market Committee meeting on September 16, 2008, 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. 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 November 10, 2008. A. Federal Reserve Bank of Kansas City (Todd Offenbacker, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Foundation First Corporation, Omaha, Nebraska, to become a bank holding company by acquiring 100 percent of the voting shares of Western State Bancshares, Inc., and thereby indirectly acquire voting shares of Western State Bank, both of Waterloo, Nebraska. Board of Governors of the Federal Reserve System, October 9, 2008. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E8–24527 Filed 10–15–08; 8:45 am] BILLING CODE 6210–01–S 61421 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 November 10, 2008. A. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Hoosier Heartland State Bancorp, Crawfordsville, Indiana, to become a bank holding company by acquiring 100 percent of the voting shares of Linden State Bancorp, and thereby indirectly acquire voting shares of Linden State Bank, both of Linden, Indiana, and New Ross Bancorp, and thereby indirectly acquire voting shares of Farmers State Bank, both of New Ross, Indiana. Board of Governors of the Federal Reserve System, October 10, 2008. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E8–24575 Filed 10–15–08; 8:45 am] 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 FEDERAL RESERVE SYSTEM Government in the Sunshine Meeting Notice Board of Governors of the Federal Reserve System. AGENCY HOLDING THE MEETING:

Agencies

[Federal Register Volume 73, Number 201 (Thursday, October 16, 2008)]
[Notices]
[Page 61421]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-24603]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
September 16, 2008

    In accordance with Sec.  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 September 16, 2008.\1\
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    \1\[thinsp]Copies of the Minutes of the Federal Open Market 
Committee meeting on September 16, 2008, 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.
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    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 2 
percent.
    By order of the Federal Open Market Committee, October 7, 2008.

Brian F. Madigan,
Secretary, Federal Open Market Committee.
[FR Doc. E8-24603 Filed 10-15-08; 8:45 am]
BILLING CODE 6210-01-S