Federal Open Market Committee; Domestic Policy Directive of October 29-30, 2013, 70945 [2013-28486]

Download as PDF Federal Register / Vol. 78, No. 229 / Wednesday, November 27, 2013 / Notices 70945 for TDD Relay/1–800–877–8339 for toll free. FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM Emogene Johnson, Administrative Assistant. Federal Open Market Committee; Domestic Policy Directive of October 29–30, 2013 Formations of, Acquisitions by, and Mergers of Bank Holding Companies [FR Doc. 2013–28587 Filed 11–25–13; 11:15 am] BILLING CODE 6735–01–P FEDERAL RESERVE SYSTEM emcdonald on DSK67QTVN1PROD with NOTICES Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company 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 shares of 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 offices 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 December 13, 2013. A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice President) 1000 Peachtree Street NE., Atlanta, Georgia 30309: 1. James Brian Ponder, Melissa Kay Ponder, Kenneth Earl Ponder, June Sumner Ponder, Beverly Ponder Paulk, all of Tifton, Georgia, Marlyn Jones Ponder, and Earline Ponder, individually and as trustee for April Farron Paulk Trust, Jessica Shannon Paulk Trust, Cyrus Jones Ponder Trust, Marilyn Elisabeth Ponder Trust, Victoria Lorriane Ponder Trust, Ponder-Tolbert Trust No. II, Ona Tolbert Family Trust, Earl Tolbert Family Trust, and Ona Tolbert Family Trust No. II, all of Omega, Georgia; to retain voting shares of South Georgia Bank Holding Company, and thereby indirectly retain voting shares of South Georgia Banking Company, both in Omega, Georgia. Board of Governors of the Federal Reserve System, November 22, 2013. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2013–28431 Filed 11–26–13; 8:45 am] BILLING CODE 6210–01–P VerDate Mar<15>2010 17:02 Nov 26, 2013 Jkt 232001 In accordance with Section 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 October 29–30, 2013.1 Consistent with its statutory mandate, the Federal Open Market Committee seeks monetary and financial conditions that will foster maximum employment and price stability. In particular, 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 undertake open market operations as necessary to maintain such conditions. The Desk is directed to continue purchasing longer-term Treasury securities at a pace of about $45 billion per month and to continue purchasing agency mortgage-backed securities at a pace of about $40 billion per month. The Committee also directs the Desk to engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve’s agency mortgage-backed securities transactions. The Committee directs the Desk to maintain its policy of rolling over maturing Treasury securities into new issues and its policy of reinvesting principal payments on all agency debt and agency mortgage-backed securities in agency mortgage-backed 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, November 21, 2013. William B. English, Secretary, Federal Open Market Committee. [FR Doc. 2013–28486 Filed 11–26–13; 8:45 am] 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 will also 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 December 23, 2013. A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Plains Bancshares, Inc., Plains, Kansas; to become a bank holding company by acquiring 100 percent of the voting shares of Plains State Bank, Plains, Kansas. Board of Governors of the Federal Reserve System, November 22, 2013. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2013–28434 Filed 11–26–13; 8:45 am] BILLING CODE 6210–01–P BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM 1 Copies of the Minutes of the Federal Open Market Committee at its meeting held on October 29–30, 2013, 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, DC 20551. The minutes are published in the Federal Reserve Bulletin and in the Board’s Annual Report. PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 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.) E:\FR\FM\27NON1.SGM 27NON1

Agencies

[Federal Register Volume 78, Number 229 (Wednesday, November 27, 2013)]
[Notices]
[Page 70945]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-28486]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
October 29-30, 2013

    In accordance with Section 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 October 29-30, 2013.\1\
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    \1\ Copies of the Minutes of the Federal Open Market Committee 
at its meeting held on October 29-30, 2013, 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, DC 20551. The minutes are published in the Federal 
Reserve Bulletin and in the Board's Annual Report.
---------------------------------------------------------------------------

    Consistent with its statutory mandate, the Federal Open Market 
Committee seeks monetary and financial conditions that will foster 
maximum employment and price stability. In particular, 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 undertake open market operations as necessary to maintain such 
conditions. The Desk is directed to continue purchasing longer-term 
Treasury securities at a pace of about $45 billion per month and to 
continue purchasing agency mortgage-backed securities at a pace of 
about $40 billion per month. The Committee also directs the Desk to 
engage in dollar roll and coupon swap transactions as necessary to 
facilitate settlement of the Federal Reserve's agency mortgage-backed 
securities transactions. The Committee directs the Desk to maintain its 
policy of rolling over maturing Treasury securities into new issues and 
its policy of reinvesting principal payments on all agency debt and 
agency mortgage-backed securities in agency mortgage-backed 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, November 21, 
2013.
William B. English,
Secretary, Federal Open Market Committee.
[FR Doc. 2013-28486 Filed 11-26-13; 8:45 am]
BILLING CODE 6210-01-P
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