Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 5811 [2011-2262]
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Federal Register / Vol. 76, No. 22 / Wednesday, February 2, 2011 / Notices
5811
Board of Governors of the Federal Reserve
System, January 28, 2011.
Robert deV. Frierson,
Deputy Secretary of the Board.
voting shares of Cabool Bancshares, Inc.,
and thereby indirectly acquire
additional voting shares of Cabool State
Bank, both in Cabool, Missouri.
DATES:
[FR Doc. 2011–2263 Filed 2–1–11; 8:45 am]
Board of Governors of the Federal Reserve
System, January 28, 2011.
Robert deV. Frierson,
Deputy Secretary of the Board.
A. Background
The FMAP is used to determine the
amount of federal matching for specified
state expenditures for assistance
payments under programs under the
Social Security Act (‘‘the Act’’). Sections
1905(b) and 1101(a)(8)(B) of the Act
require the Secretary of Health and
Human Services to publish the FMAP
rates each year. The Secretary calculates
the percentages using formulas in
sections 1905(b) and 1101(a)(8)(B), and
statistics from the Department of
Commerce of average income per person
in each state and for the Nation as a
whole. The percentages must be within
the upper and lower limits given in
section 1905(b) of the Act. The
percentages to be applied to the District
of Columbia, Puerto Rico, the Virgin
Islands, Guam, American Samoa, and
the Northern Mariana Islands are
specified separately in the Act, and thus
are not based on the statutory formula
that determines the percentages for the
50 states.
Section 1905(b) of the Act specifies
the formula for calculating the FMAP as
follows:
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
[FR Doc. 2011–2262 Filed 2–1–11; 8:45 am]
srobinson on DSKHWCL6B1PROD with NOTICES
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 application 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.
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 February 28,
2011.
A. Federal Reserve Bank of Atlanta
(Clifford Stanford, Vice President) 1000
Peachtree Street, NE., Atlanta, Georgia
30309:
1. Peoples Bancshares, Inc.,
Mendenhall, Mississippi; to become a
bank holding company by acquiring 100
percent of the outstanding voting shares
of Peoples Bank, Mendenhall,
Mississippi.
B. Federal Reserve Bank of St. Louis
(Glenda Wilson, Community Affairs
Officer) P.O. Box 442, St. Louis,
Missouri 63166–2034:
1. Cabool State Bank Employee Stock
Ownership Plan, Cabool, Missouri; to
acquire an additional 1.02 percent, for a
total of 32.44 percent, of the outstanding
VerDate Mar<15>2010
16:00 Feb 01, 2011
Jkt 223001
BILLING CODE 6210–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Adjusted Federal Medical Assistance
Percentage (FMAP) Rate for the First
Quarter of Fiscal Year 2011 (FY11)
Implementation of Section 5001 of the
American Recovery and Reinvestment
Act of 2009 (Pub. L. 111–5) for
Adjustments to the First Quarter of
Fiscal Year 2011 Federal Medical
Assistance Percentage Rates for
Federal Matching Shares for Medicaid
and Title IV–E Foster Care, Adoption
Assistance and Guardianship
Assistance Programs.
Office of the Secretary, DHHS.
Notice.
AGENCY:
ACTION:
This notice provides the
adjusted Federal Medical Assistance
Percentage (FMAP) rate for the first
quarter of Fiscal Year 2011 (FY11) as
required under Section 5001 of the
American Recovery and Reinvestment
Act of 2009 (ARRA). Section 5001 of the
ARRA provides for temporary increases
in the FMAP rates to provide fiscal
relief to states and to protect and
maintain state Medicaid and certain
other assistance programs in a period of
economic downturn. The increased
FMAP rates apply during a recession
adjustment period that was originally
defined in ARRA as the period
beginning October 1, 2008 and ending
December 31, 2010. Public Law 111–226
amended ARRA to extend the recession
adjustment period to June 30, 2011 and
to extend the hold harmless provision
that prevents a state’s FMAP rate from
decreasing due to a lower
unemployment rate from the calendar
quarter ending before July 1, 2010 to the
calendar quarter ending before January
1, 2011. Public Law 111–226 also
provided for a phase-down of the
general FMAP increase in the last two
quarters of the extended recession
adjustment period, and changed the
look back period for calculating the
unemployment adjustment for those
quarters, which will be addressed in a
future Notice.
SUMMARY:
PO 00000
Frm 00034
Fmt 4703
Sfmt 4703
Effective Date: The percentages
listed are for the first quarter of FY11
beginning October 1, 2010 through
December 31, 2010.
The FMAP for any State shall be 100 per
centum less the State percentage; and the
State percentage shall be that percentage
which bears the same ratio to 45 per centum
as the square of the per capita income of such
State bears to the square of the per capita
income of the continental United States
(including Alaska) and Hawaii; except that
(1) the FMAP shall in no case be less than
50 per centum or more than 83 per centum,
and (2) the FMAP for Puerto Rico, the Virgin
Islands, Guam, the Northern Mariana Islands,
and American Samoa shall be 50 per centum.
Section 4725 of the Balanced Budget
Act of 1997 amended section 1905(b) to
provide that the FMAP for the District
of Columbia for purposes of titles XIX
(Medicaid) and XXI (CHIP) shall be 70
percent. The Medicare Improvements
for Patients and Providers Act of 2008
(MIPPA) (Pub. L. 110–275) amended the
FMAP applied to the District of
Columbia for maintenance payments
under title IV–E programs to make it
consistent with the 70 percent Medicaid
match rate.
Section 5001 of Division B of the
ARRA provides for a temporary increase
in FMAP rates for Medicaid and title
IV–E Foster Care, Adoption Assistance
and Guardianship Assistance programs.
The purpose of the increases to the
FMAP rates is to provide fiscal relief to
states and to protect and maintain State
Medicaid and certain other assistance
E:\FR\FM\02FEN1.SGM
02FEN1
]]>Agencies
[Federal Register Volume 76, Number 22 (Wednesday, February 2, 2011)]
[Notices]
[Page 5811]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-2262]
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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 application 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.
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 February 28, 2011.
A. Federal Reserve Bank of Atlanta (Clifford Stanford, Vice
President) 1000 Peachtree Street, NE., Atlanta, Georgia 30309:
1. Peoples Bancshares, Inc., Mendenhall, Mississippi; to become a
bank holding company by acquiring 100 percent of the outstanding voting
shares of Peoples Bank, Mendenhall, Mississippi.
B. Federal Reserve Bank of St. Louis (Glenda Wilson, Community
Affairs Officer) P.O. Box 442, St. Louis, Missouri 63166-2034:
1. Cabool State Bank Employee Stock Ownership Plan, Cabool,
Missouri; to acquire an additional 1.02 percent, for a total of 32.44
percent, of the outstanding voting shares of Cabool Bancshares, Inc.,
and thereby indirectly acquire additional voting shares of Cabool State
Bank, both in Cabool, Missouri.
Board of Governors of the Federal Reserve System, January 28,
2011.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2011-2262 Filed 2-1-11; 8:45 am]
BILLING CODE 6210-01-P
