Federal Open Market Committee; Domestic Policy Directive of January 27-28, 2015, 13000 [2015-05694]

Download as PDF 13000 Federal Register / Vol. 80, No. 48 / Thursday, March 12, 2015 / Notices competitors could use to compete with companies in the United States. Lloyd Ellis, Program Specialist, Office of the General Counsel. [FR Doc. 2015–05615 Filed 3–11–15; 8:45 am] BILLING CODE 6690–01–P FEDERAL RESERVE SYSTEM asabaliauskas on DSK5VPTVN1PROD 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 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 April 6, 2015. A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice President) 1000 Peachtree Street NE., Atlanta, Georgia 30309: 1. Community & Southern Holdings, Inc., Atlanta, Georgia; to acquire 100 percent of the voting shares Community Business Bank, Cumming, Georgia. 2. First Commercial Bancshares, Inc., Jackson, Mississippi; to acquire 100 percent of the voting shares of Desoto County Bank, Horn Lake, Mississippi. B. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Southeast Bancshares, Inc., Chanute, Kansas; to acquire 100 percent VerDate Sep<11>2014 17:40 Mar 11, 2015 Jkt 235001 of the voting shares of First National Bank of Howard, Howard, Kansas. C. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. A.N.B. Holding Company, Ltd., Terrell, Texas; to acquire no more than 38 percent of the voting shares of The ANB Corporation, Terrell, Texas, and thereby indirectly acquire voting shares of The American National Bank of Texas, Terrell, Texas, Lakeside Bancshares, Inc., and Lakeside National Bank, both in Rockwall, Texas. Board of Governors of the Federal Reserve System, March 9, 2015. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2015–05642 Filed 3–11–15; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of January 27–28, 2015 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 January 27–28, 2015.1 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 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 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 System Open Market Account manager and the secretary will 1 Copies of the Minutes of the Federal Open Market Committee at its meeting held on January 27–28, 2015, 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 00027 Fmt 4703 Sfmt 4703 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, March 3, 2015. Thomas Laubach, Secretary, Federal Open Market Committee. [FR Doc. 2015–05694 Filed 3–11–15; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM 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 March 27, 2015. A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 33 Liberty Street, New York, New York 10045–0001: 1. Basswood Capital Management, LLC, New York, New York, and various funds it operates, and Matthew Lindenbaum and Bennett Lindenbaum, both of New York, New York, and various other family members and family related trusts; to collectively acquire voting shares of Bridge Bancorp, Inc., and thereby indirectly acquire voting shares of The Bridgehampton National Bank, both in Bridgehampton, New York. B. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Capital Z Partners Centrue AIV, L.P., Capital Z Partners III GP, L.P., Capital Z Partners III GP, Ltd., Capital Z Partners Management, LLC, Bradley E. Cooper, all of New York, New York, and Robert A. Spass, Westfield, New Jersey; to acquire voting shares of Centrue Financial Corporation, Ottawa, Illinois, and thereby indirectly acquire voting E:\FR\FM\12MRN1.SGM 12MRN1

Agencies

[Federal Register Volume 80, Number 48 (Thursday, March 12, 2015)]
[Notices]
[Page 13000]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-05694]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
January 27-28, 2015

    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 January 27-28, 2015.\1\
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    \1\ Copies of the Minutes of the Federal Open Market Committee 
at its meeting held on January 27-28, 2015, 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.
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    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 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 
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 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, March 3, 2015.
Thomas Laubach,
Secretary, Federal Open Market Committee.
[FR Doc. 2015-05694 Filed 3-11-15; 8:45 am]
 BILLING CODE 6210-01-P