Notice of Annual Adjustment of the Cap on Average Total Assets That Defines Community Financial Institutions, 9601-9602 [2010-4337]
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Federal Register / Vol. 75, No. 41 / Wednesday, March 3, 2010 / Notices
mstockstill on DSKH9S0YB1PROD with NOTICES
Paperwork Reduction Act (PRA) that
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DATES: Persons wishing to comment on
this information collection should
submit comments by May 3, 2010. If you
anticipate that you will be submitting
comments, but find it difficult to do so
within the period of time allowed by
this notice, you should advise the
contact listed below as soon as possible.
ADDRESSES: Direct all PRA comments to
Nicholas A. Fraser, Office of
Management and Budget (OMB), via fax
at (202) 395–5167, or via e–mail to
Nicholas_A._Fraser@omb.eop.gov and
to Cathy Williams, Federal
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PRA@fcc.gov.
FOR FURTHER INFORMATION CONTACT: For
additional information about the
information collection send an e–mail to
PRA@fcc.gov or contact Cathy Williams
on (202) 418–2918.
SUPPLEMENTARY INFORMATION:
OMB Control Number: 3060–0560.
Title: Section 76.911, Petition for
Reconsideration of Certification.
Form Number: N/A.
Type of Review: Extension of a
currently approved collection.
Respondents: Business or other for–
profit entities, State, local or Tribal
Government.
Number of Respondents and
Responses: 25 respondents; 30
responses.
Estimated Hours per Response: 2 – 10
hours
Total Annual Burden: 220 hours.
Total Annual Costs: None.
Privacy Impact Assessment: No
impact(s).
Obligation to Respond: Required to
obtain or retain benefits. The statutory
authority for this collection of
information is contained in Sections 4(i)
and 623 of the Communications Act of
1934, as amended.
Confidentiality: No need for
confidentiality required with this
collection of information.
Needs and Uses: 47 CFR 76.911(a)
states a cable operator, or other
interested party, may challenge a
franchising authority’s certification by
filing a petition for reconsideration. The
petition may allege either of the
following: (1) The cable operator is not
subject to rate regulation because
effective competition exists as defined
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543(a)(3).
47 CFR 76.911(b)(2) states a petitioner
filing pursuant to 47 CFR 76.911(a)(2)
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9601
FEDERAL ELECTION COMMISSION
‘‘Community Financial Institution’’
based on the annual percentage increase
in the Consumer Price Index for all
urban consumers (CPI–U) as published
by the Department of Labor (DOL).
These changes took effect on January 1,
2010.
FOR FURTHER INFORMATION CONTACT:
Patricia L. Sweeney, Division of Federal
Home Loan Bank Regulation, 202–408–
2872, Pat.Sweeney@fhfa.gov, Federal
Housing Finance Agency, 1625 Eye
Street, NW., Washington, DC 20006–
4001.
Sunshine Act Notices
SUPPLEMENTARY INFORMATION:
may request a stay of rate regulation. A
filing pursuant to 47 CFR 76.911(a)(1)
will automatically stay rate regulation.
Federal Communications Commission.
Alethea Lewis,
Federal Register Liaison,
Office of the Secretary,
Office of Managing Director.
[FR Doc. 2010–4368 Filed 3–2–10; 8:45 am]
BILLING CODE 6712–01–S
Federal Election Commission.
DATE & TIME: Thursday, March 4, 2010,
at 11 a.m.
PLACE: 999 E Street, NW., Washington,
DC (Ninth Floor).
STATUS: This hearing will be open to the
public.
AUDIT HEARING: AFL–CIO Cope Political
Contributions Committee.
DATE & TIME: Thursday, March 4, 2010,
at 2 p.m.
PLACE: 999 E Street, NW., Washington,
DC (Ninth Floor).
STATUS: This hearing will be open to the
public.
AUDIT HEARING: The Jefferson Committee.
Individuals who plan to attend and
require special assistance, such as sign
language interpretation or other
reasonable accommodations, should
contact Darlene Harris, Acting
Commission Secretary, at (202) 694–
1040, at least 72 hours prior to the
hearing date.
PERSON TO CONTACT FOR INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
AGENCY:
Darlene Harris,
Acting Secretary of the Commission.
[FR Doc. 2010–4394 Filed 3–2–10; 8:45 am]
BILLING CODE 6715–01–M
[No. 2010–N–01]
Notice of Annual Adjustment of the
Cap on Average Total Assets That
Defines Community Financial
Institutions
AGENCY: Federal Housing Finance
Agency.
ACTION: Notice.
SUMMARY: The Federal Housing Finance
Agency (FHFA) has adjusted the cap on
average total assets that defines a
Frm 00030
Fmt 4703
Section 2(10)(A) of the Federal Home
Loan Bank Act (Bank Act) defines a
‘‘Community Financial Institution’’ (CFI)
as any Federal Home Loan Bank
member the deposits of which are
insured by the Federal Deposit
Insurance Corporation and that has
average total assets below a statutory
cap. See 12 U.S.C. 1422(10)(A); 12 CFR
1263.1 (defining the term Community
financial institution or CFI). In 2008,
section 1211(a) of the Housing and
Economic Recovery Act of 2008 (HERA),
Public Law 110–289, 122 Stat. 2654
(2008), amended the definition of CFI to
increase the average total assets cap for
CFIs to $1 billion. Section 2(10)(B)
requires the FHFA Director annually to
adjust the statutory cap to reflect
inflation over the prior year. See 12
U.S.C. 1422(10)(B); 12 CFR 1263.1
(definition the term CFI asset cap). In
2009, FHFA adjusted the statutory cap
for inflation by applying the CPI–U
adjustment resulting in a 1.1 percent
increase to the CFI asset cap.
Accordingly, as of January 1, 2009, the
adjusted CFI asset cap was
$1,011,000,000. See 74 FR 7438 (Feb.
17, 2009). This Notice announces the
annual CPI–U adjustment for the CFI
asset cap, effective January 1, 2010.
II. Calculating the Annual Adjustment
FEDERAL HOUSING FINANCE
AGENCY
PO 00000
I. Statutory and Regulatory Background
Sfmt 4703
Consistent with the practice of other
federal agencies and past agency
practice, FHFA bases the annual
adjustment to the CFI asset cap on the
percentage increase in the CPI–U from
November 2008 to November 2009.
Specifically, the annual adjustment to
the CFI asset cap reflects the percentage
by which the CPI–U published for
November of the preceding calendar
year exceeds the CPI–U published for
November of the year before the
preceding calendar year.
The DOL encourages use of CPI–U
data that have not been seasonally
adjusted in ‘‘escalation agreements’’
because seasonal factors are updated
E:\FR\FM\03MRN1.SGM
03MRN1
9602
Federal Register / Vol. 75, No. 41 / Wednesday, March 3, 2010 / Notices
annually and seasonally adjusted data
are subject to revision for up to five
years following the original release.
Unadjusted data are not routinely
subject to revision, and previously
published unadjusted data are only
corrected when significant calculation
errors are discovered. Accordingly,
FHFA uses data that have not been
seasonally adjusted.
For 2010, applying the unadjusted
CPI–U, the current CFI asset cap has
been increased by 1.8 percent to reflect
inflation over the prior year. Thus, as of
January 1, 2010, the CFI asset cap is
$1,029,000,000, which amount was
obtained by rounding to the nearest
million, which has been the practice for
all prior adjustments.
Dated: February 18, 2010.
Edward J. DeMarco,
Acting Director, Federal Housing Finance
Agency.
[FR Doc. 2010–4337 Filed 3–2–10; 8:45 am]
BILLING CODE P
Board of Governors of the Federal Reserve
System, February 26, 2010.
Jennifer J. Johnson,
Secretary of the Board.
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisition of Shares of Bank or Bank
Holding Companies
mstockstill on DSKH9S0YB1PROD with NOTICES
of Benchmark Bank, both of Gahanna,
Ohio.
B. Federal Reserve Bank of St. Louis
(Glenda Wilson, Community Affairs
Officer) P.O. Box 442, St. Louis,
Missouri 63166–2034:
1. Dana A. Bode, Mound City, Illinois,
individually, and as a member of the
Bode Family Control Group, which
consists of Dana A. Bode, Carl E. Bode,
the Dana A Bode Trust U/A 01/26/07
with Dana A. Bode and Carl E. Bode as
trustees; the Allison L. Bode Trust U/A
10/29/02 with Dana A. Bode as trustee;
the William M. Bode Trust U/A 10/29/
02 with Dana A. Bode as trustee; the
Carl E. Bode Trust U/A 1/26/07 with
Carl E. Bode and Dana A. Bode, as
trustees; and the Bode Retirement Trust
U/A 1/01/85 with Carl E. Bode as
trustee; acting in concert, to retain
control of FSBO Holdings, Inc., and
thereby indirectly retian control of First
State Bank of Olmstead, both of
Olmsted, Illinois.
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 March
18, 2010.
A. Federal Reserve Bank of Cleveland
(Nadine Wallman, Vice President) 1455
East Sixth Street, Cleveland, Ohio
44101–2566:
1. Jeffrey J. Woda , Powell, Ohio, and
David Cooper, Jr., New Albany, Ohio;
acting in concert, to acquire voting
shares of Benchmark Bancorp, and
thereby indirectly acquire voting shares
[FR Doc. 2010–4361 Filed 3–2–10; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL MARITIME COMMISSION
Ocean Transportation Intermediary
License; Applicants
Notice is hereby given that the
following applicants have filed with the
Federal Maritime Commission an
application for license as a Non-VesselOperating Common Carrier and Ocean
Freight Forwarder—Ocean
Transportation Intermediary pursuant to
section 19 of the Shipping Act of 1984
as amended (46 U.S.C. Chapter 409 and
46 CFR part 515).
Persons knowing of any reason why
the following applicants should not
receive a license are requested to
contact the Office of Transportation
Intermediaries, Federal Maritime
Commission, Washington, DC 20573.
Non-Vessel-Operating Common
Carrier—Ocean Transportation
Intermediary
Intlmove LLC, 16980 NE. 19th
Avenue, North Miami Beach, FL
33162. Officers: Eric J. Polacek,
President/Member, David Etzion,
Member, (Qualifying Individuals),
Gloria Comins, Member.
Lars Courier, Inc. dba Lars
International Freight Forwarders,
16900 North Bay Road, Apt. 1906,
Sunny Isles, FL 33160. Officers:
Rudy O. Vargas-Milian, Secretary,
(Qualifying Individual), Andres
Panesso, President/Treasurer/
Director.
Non-Vessel-Operating Common Carrier
and Ocean Freight Forwarder
Transportation Intermediary
Applicants
Intertrans Express (NY), Inc., 10 East
Merrick Road, #203, Valley Stream,
NY 11580. Officer: Chun aka Peter
T. Tao, President/Secretary,
(Qualifying Individual).
International Trade Brokers and
Forwarders Co, 2261 NW. 66th
Avenue, #221, Miami, FL 33122.
Officer: Alvaro Munoz, President,
(Qualifying Individual).
T & B Master Logistics, Inc., 4919
Indian Wood Road, Suite 399,
Culver City, CA 90230. Officers:
Sunnie Kim, Secretary, (Qualifying
Individual), Hyeon S. Shin,
President/CEO/Treasurer/CFO.
Ocean Freight Forwarder—Ocean
Transportation Intermediary
Applicants
Dandino, Inc. dba Relo Moving, 626 E.
62nd Street, Los Angeles, CA
90001. Officers: Carlos Gonzales,
Vice President, (Qualifying
Individual), Daniel Yaniv,
President.
Dated: February 26, 2010.
Rachel E. Dickon,
Assistant Secretary.
[FR Doc. 2010–4419 Filed 3–2–10; 8:45 am]
BILLING CODE 6730–01–P
FEDERAL MARITIME COMMISSION
Ocean Transportation Intermediary
License Reissuances
Notice is hereby given that the
following Ocean Transportation
Intermediary licenses have been
reissued by the Federal Maritime
Commission pursuant to section 19 of
the Shipping Act of 1984 (46 U.S.C.
Chapter 409) and the regulations of the
Commission pertaining to the licensing
of Ocean Transportation Intermediaries,
46 CFR part 515.
License No.
Name/address
017678N ...........
018613N ...........
021418F ............
Four Link International, Inc., 146–27 167th Street, #100, Jamaica, NY 11434 ..................................
Caribbean Cargo & Package Services, Inc., 147–46 176th Street, Jamaica, NY 11434 ...................
Asbun International Freight, Inc., 8140 NW. 74th Avenue, Suite 13 & 14, Medley, FL 33166 ..........
VerDate Nov<24>2008
16:08 Mar 02, 2010
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Sfmt 4703
Date reissued
E:\FR\FM\03MRN1.SGM
03MRN1
January 2, 2010.
December 18, 2009.
January 4, 2010.
]]>Agencies
[Federal Register Volume 75, Number 41 (Wednesday, March 3, 2010)]
[Notices]
[Pages 9601-9602]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-4337]
=======================================================================
-----------------------------------------------------------------------
FEDERAL HOUSING FINANCE AGENCY
[No. 2010-N-01]
Notice of Annual Adjustment of the Cap on Average Total Assets
That Defines Community Financial Institutions
AGENCY: Federal Housing Finance Agency.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Federal Housing Finance Agency (FHFA) has adjusted the cap
on average total assets that defines a ``Community Financial
Institution'' based on the annual percentage increase in the Consumer
Price Index for all urban consumers (CPI-U) as published by the
Department of Labor (DOL). These changes took effect on January 1,
2010.
FOR FURTHER INFORMATION CONTACT: Patricia L. Sweeney, Division of
Federal Home Loan Bank Regulation, 202-408-2872, Pat.Sweeney@fhfa.gov,
Federal Housing Finance Agency, 1625 Eye Street, NW., Washington, DC
20006-4001.
SUPPLEMENTARY INFORMATION:
I. Statutory and Regulatory Background
Section 2(10)(A) of the Federal Home Loan Bank Act (Bank Act)
defines a ``Community Financial Institution'' (CFI) as any Federal Home
Loan Bank member the deposits of which are insured by the Federal
Deposit Insurance Corporation and that has average total assets below a
statutory cap. See 12 U.S.C. 1422(10)(A); 12 CFR 1263.1 (defining the
term Community financial institution or CFI). In 2008, section 1211(a)
of the Housing and Economic Recovery Act of 2008 (HERA), Public Law
110-289, 122 Stat. 2654 (2008), amended the definition of CFI to
increase the average total assets cap for CFIs to $1 billion. Section
2(10)(B) requires the FHFA Director annually to adjust the statutory
cap to reflect inflation over the prior year. See 12 U.S.C.
1422(10)(B); 12 CFR 1263.1 (definition the term CFI asset cap). In
2009, FHFA adjusted the statutory cap for inflation by applying the
CPI-U adjustment resulting in a 1.1 percent increase to the CFI asset
cap. Accordingly, as of January 1, 2009, the adjusted CFI asset cap was
$1,011,000,000. See 74 FR 7438 (Feb. 17, 2009). This Notice announces
the annual CPI-U adjustment for the CFI asset cap, effective January 1,
2010.
II. Calculating the Annual Adjustment
Consistent with the practice of other federal agencies and past
agency practice, FHFA bases the annual adjustment to the CFI asset cap
on the percentage increase in the CPI-U from November 2008 to November
2009. Specifically, the annual adjustment to the CFI asset cap reflects
the percentage by which the CPI-U published for November of the
preceding calendar year exceeds the CPI-U published for November of the
year before the preceding calendar year.
The DOL encourages use of CPI-U data that have not been seasonally
adjusted in ``escalation agreements'' because seasonal factors are
updated
[[Page 9602]]
annually and seasonally adjusted data are subject to revision for up to
five years following the original release. Unadjusted data are not
routinely subject to revision, and previously published unadjusted data
are only corrected when significant calculation errors are discovered.
Accordingly, FHFA uses data that have not been seasonally adjusted.
For 2010, applying the unadjusted CPI-U, the current CFI asset cap
has been increased by 1.8 percent to reflect inflation over the prior
year. Thus, as of January 1, 2010, the CFI asset cap is $1,029,000,000,
which amount was obtained by rounding to the nearest million, which has
been the practice for all prior adjustments.
Dated: February 18, 2010.
Edward J. DeMarco,
Acting Director, Federal Housing Finance Agency.
[FR Doc. 2010-4337 Filed 3-2-10; 8:45 am]
BILLING CODE P
