Federal Open Market Committee; Domestic Policy Directive of April 27 and 28, 2010, 30029 [2010-12955]

Download as PDF Federal Register / Vol. 75, No. 103 / Friday, May 28, 2010 / Notices Board of Governors of the Federal Reserve System, May 25, 2010. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2010–12914 Filed 5–27–10; 8:45 am] BILLING CODE 6210–01–S 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 11, 2010. A. Federal Reserve Bank of Atlanta (Clifford Stanford, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309: 1. Stafford Lester Scaff, Jr., and Anne Csercsics Scaff, both of Lake City, Florida, to retain current, and acquire additional, voting shares of First Columbia Bancorp, Inc., and thereby indirectly retain current, and accquire additional, voting shares of Columbia Bank, both of Lake City, Florida. Board of Governors of the Federal Reserve System, May 24, 2010. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2010–12808 Filed 5–27–10; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM jlentini on DSKJ8SOYB1PROD with NOTICES Federal Open Market Committee; Domestic Policy Directive of April 27 and 28, 2010 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 27 and 28, 2010.1 1 Copies of the Minutes of the Federal Open Market Committee at its meeting held on April 27 VerDate Mar<15>2010 17:43 May 27, 2010 Jkt 220001 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 from 0 to 1⁄4 percent. The Committee directs the Desk to engage in dollar roll transactions as necessary to facilitate settlement of the Federal Reserve’s agency MBS transactions. 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, 2010. Brian F. Madigan, Secretary, Federal Open Market Committee. [FR Doc. 2010–12955 Filed 5–27–10; 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 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 and 28, 2010, 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. PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 30029 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 21, 2010. A. Federal Reserve Bank of San Francisco (Kenneth Binning, Vice President, Applications and Enforcement) 101 Market Street, San Francisco, California 94105–1579: 1. Castle Creek Capital Partners III, LP, Castle Creek Capital III LLC, Eggemeyer Capital LLC, Ruh Capital LLC, and Legions IV Advisory Corp, all of Rancho Santa Fe, California; to acquire an additional 38.96 percent, for a total of 85.00 percent, of the voting shares of First Chicago Bancorp, and thereby indirectly acquire voting shares of First Chicago Bank & Trust Company, both of Chicago, Illinois. Board of Governors of the Federal Reserve System, May 24, 2010. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2010–12807 Filed 5–27–10; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y (12 CFR Part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act. Additional information on all E:\FR\FM\28MYN1.SGM 28MYN1

Agencies

[Federal Register Volume 75, Number 103 (Friday, May 28, 2010)]
[Notices]
[Page 30029]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-12955]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of April 
27 and 28, 2010

    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 27 and 28, 2010.\1\
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    \1\[thinsp]Copies of the Minutes of the Federal Open Market 
Committee at its meeting held on April 27 and 28, 2010, 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 from 0 to \1/4\ percent. The Committee directs the 
Desk to engage in dollar roll transactions as necessary to facilitate 
settlement of the Federal Reserve's agency MBS transactions. 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, 2010.

Brian F. Madigan,
Secretary, Federal Open Market Committee.
[FR Doc. 2010-12955 Filed 5-27-10; 8:45 am]
BILLING CODE 6210-01-S