Federal Open Market Committee; Domestic Policy Directive of April 28 and 29, 2009, 25748 [E9-12478]
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25748
Federal Register / Vol. 74, No. 102 / Friday, May 29, 2009 / Notices
[FR Doc. E9–12400 Filed 5–28–09; 8:45 am]
BILLING CODE C
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
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 June 15,
2009.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. Charles A. Adams, individually,
Holly A. Bailey; Howell Paving, Inc.;
and Howell–Adams Foundation, all of
Mattoon, Illinois; as a group acting in
concert, to acquire voting shares of First
Mid Illinois Bancshares, Inc., and
thereby indirectly acquire voting shares
of First Mid Illinois Bank & Trust,
National Association, both of Mattoon,
Illinois.
Board of Governors of the Federal Reserve
System, May 26, 2009.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E9–12544 Filed 5–28–09; 8:45 am]
BILLING CODE 6210–01–S
mstockstill on PROD1PC66 with NOTICES
Federal Open Market Committee;
Domestic Policy Directive of April 28
and 29, 2009
BILLING CODE 6210–01–S
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 April 28 and 29, 2009.1
1 Copies of the Minutes of the Federal Open
Market Committee at its meeting held on April 28
and 29, 2009, which includes the domestic policy
directive issued at the meeting, are available upon
17:24 May 28, 2009
Jkt 217001
By order of the Federal Open Market
Committee, May 21, 2009.
Brian F. Madigan,
Secretary, Federal Open Market Committee.
[FR Doc. E9–12478 Filed 5–28–09; 8:45 am]
FEDERAL RESERVE SYSTEM
VerDate Nov<24>2008
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 seeks conditions in reserve
markets consistent with federal funds
trading in a range of 0 to 1⁄4 percent. The
Committee directs the Desk to purchase
GSE debt GSE–guaranteed MBS, and
longer–term Treasury securities during
the intermeeting period with the aim of
providing support to private credit
markets and economic activity. The
timing and pace of these purchases
should depend on conditions in the
markets for such securities and on a
broader assessment of private credit
market conditions. The Committee
anticipates that the combination of
outright purchases and various liquidity
facilities outstanding will cause the size
of the Federal Reserve’s balance sheet to
expand significantly in coming months.
The Desk is expected to purchase up to
$200 billion in housing–related GSE
debt by the end of this year. The Desk
is expected to purchase at least $500
billion in GSE–guaranteed MBS by the
end of the second quarter of this year
and is expected to purchase up to $1.25
trillion of these securities by the end of
this year. The Committee also directs
the Desk to purchase longer–term
Treasury securities during the
intermeeting period. Over the next six
months, the Desk is expected to
purchase up to $300 billion of longer–
term Treasury securities. The System
Open Market Account Manager and the
Secretary will keep the Committee
informed of ongoing developments
regarding the System’s balance sheet
that could affect the attainment over
time of the Committee’s objectives of
maximum employment and price
stability.
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
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.
PO 00000
Frm 00052
Fmt 4703
Sfmt 4703
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 June 25, 2009.
A. Federal Reserve Bank of Kansas
City (Todd Offenbacker, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. International Brotherhood of
Boilermakers, Iron Ship Builders,
Blacksmiths, Forgers and Helpers,
Kansas City, Kansas; to acquire up to 51
percent of the voting shares of
Brotherhood Bancshares, Inc., and
thereby indirectly acquire voting shares
of The Brotherhood Bank & Trust
Company, both in Kansas City, Kansas.
B. Federal Reserve Bank of San
Francisco (Kenneth Binning, Vice
President, Applications and
Enforcement) 101 Market Street, San
Francisco, California 94105–1579:
1. Franklin Resources, Inc., San
Mateo, California; to acquire 9.90
percent of the voting shares of Black
River BancVenture, Inc., Memphis,
Tennessee, and thereby indirectly
acquire voting shares of Allegiance Bank
of North America, Bala Cynwyd,
Pennsylvania; Bay Commercial Bank,
Walnut Creek, California; Community
Shores Bank, Muskegon, Michigan;
Cornerstone Bank, Moorestown, New
Jersey; Lakeside Community Bank,
Sterling Heights, Michigan; and Quaint
E:\FR\FM\29MYN1.SGM
29MYN1
]]>Agencies
[Federal Register Volume 74, Number 102 (Friday, May 29, 2009)]
[Notices]
[Page 25748]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-12478]
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FEDERAL RESERVE SYSTEM
Federal Open Market Committee; Domestic Policy Directive of April
28 and 29, 2009
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 April 28 and 29, 2009.\1\
---------------------------------------------------------------------------
\1\[thinsp]Copies of the Minutes of the Federal Open Market
Committee at its meeting held on April 28 and 29, 2009, 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.
---------------------------------------------------------------------------
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
seeks conditions in reserve markets consistent with federal funds
trading in a range of 0 to \1/4\ percent. The Committee directs the
Desk to purchase GSE debt GSE-guaranteed MBS, and longer-term Treasury
securities during the intermeeting period with the aim of providing
support to private credit markets and economic activity. The timing and
pace of these purchases should depend on conditions in the markets for
such securities and on a broader assessment of private credit market
conditions. The Committee anticipates that the combination of outright
purchases and various liquidity facilities outstanding will cause the
size of the Federal Reserve's balance sheet to expand significantly in
coming months. The Desk is expected to purchase up to $200 billion in
housing-related GSE debt by the end of this year. The Desk is expected
to purchase at least $500 billion in GSE-guaranteed MBS by the end of
the second quarter of this year and is expected to purchase up to $1.25
trillion of these securities by the end of this year. The Committee
also directs the Desk to purchase longer-term Treasury securities
during the intermeeting period. Over the next six months, the Desk is
expected to purchase up to $300 billion of longer-term Treasury
securities. The System Open Market Account Manager and the Secretary
will keep the Committee informed of ongoing developments regarding the
System's balance sheet that could affect the attainment over time of
the Committee's objectives of maximum employment and price stability.
By order of the Federal Open Market Committee, May 21, 2009.
Brian F. Madigan,
Secretary, Federal Open Market Committee.
[FR Doc. E9-12478 Filed 5-28-09; 8:45 am]
BILLING CODE 6210-01-S
