80 FR 13000 - Federal Open Market Committee; Domestic Policy Directive of January 27-28, 2015

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 48 (March 12, 2015)

Page Range		13000-13000
FR Document		2015-05694

Federal Register, Volume 80 Issue 48 (Thursday, March 12, 2015)

[Federal Register Volume 80, Number 48 (Thursday, March 12, 2015)]
[Notices]
[Page 13000]
From the Federal Register Online  [www.thefederalregister.org]
[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

13000 Federal Register / Vol. 80, No. 48 / Thursday, March 12, 2015 / Notices

competitors could use to compete with of the voting shares of First National keep the Committee informed of
companies in the United States. Bank of Howard, Howard, Kansas. ongoing developments regarding the
C. Federal Reserve Bank of Dallas System’s balance sheet that could affect
Lloyd Ellis,
(Robert L. Triplett III, Senior Vice the attainment over time of the
Program Specialist, Office of the General President) 2200 North Pearl Street, Committee’s objectives of maximum
Counsel.
Dallas, Texas 75201–2272: employment and price stability.
[FR Doc. 2015–05615 Filed 3–11–15; 8:45 am]
1. A.N.B. Holding Company, Ltd., By order of the Federal Open Market
BILLING CODE 6690–01–P Terrell, Texas; to acquire no more than Committee, March 3, 2015.
38 percent of the voting shares of The Thomas Laubach,
ANB Corporation, Terrell, Texas, and Secretary, Federal Open Market Committee.
FEDERAL RESERVE SYSTEM thereby indirectly acquire voting shares
[FR Doc. 2015–05694 Filed 3–11–15; 8:45 am]
of The American National Bank of
Formations of, Acquisitions by, and Texas, Terrell, Texas, Lakeside BILLING CODE 6210–01–P
Mergers of Bank Holding Companies Bancshares, Inc., and Lakeside National
The companies listed in this notice Bank, both in Rockwall, Texas. FEDERAL RESERVE SYSTEM
have applied to the Board for approval, Board of Governors of the Federal Reserve
pursuant to the Bank Holding Company System, March 9, 2015. Change in Bank Control Notices;
Act of 1956 (12 U.S.C. 1841 et seq.) Michael J. Lewandowski, Acquisitions of Shares of a Bank or
(BHC Act), Regulation Y (12 CFR part Associate Secretary of the Board. Bank Holding Company
225), and all other applicable statutes
[FR Doc. 2015–05642 Filed 3–11–15; 8:45 am] The notificants listed below have
and regulations to become a bank
holding company and/or to acquire the BILLING CODE 6210–01–P applied under the Change in Bank
assets or the ownership of, control of, or Control Act (12 U.S.C. 1817(j)) and
the power to vote shares of a bank or § 225.41 of the Board’s Regulation Y (12
FEDERAL RESERVE SYSTEM CFR 225.41) to acquire shares of a bank
bank holding company and all of the
banks and nonbanking companies or bank holding company. The factors
Federal Open Market Committee;
owned by the bank holding company, that are considered in acting on the
Domestic Policy Directive of January
including the companies listed below. notices are set forth in paragraph 7 of
27–28, 2015
The applications listed below, as well the Act (12 U.S.C. 1817(j)(7)).
as other related filings required by the In accordance with Section 271.25 of The notices are available for
Board, are available for immediate its rules regarding availability of immediate inspection at the Federal
inspection at the Federal Reserve Bank information (12 CFR part 271), there is Reserve Bank indicated. The notices
indicated. The applications will also be set forth below the domestic policy also will be available for inspection at
available for inspection at the offices of directive issued by the Federal Open the offices of the Board of Governors.
the Board of Governors. Interested Market Committee at its meeting held Interested persons may express their
persons may express their views in on January 27–28, 2015.1 views in writing to the Reserve Bank
writing on the standards enumerated in Consistent with its statutory mandate, indicated for that notice or to the offices
the BHC Act (12 U.S.C. 1842(c)). If the the Federal Open Market Committee of the Board of Governors. Comments
proposal also involves the acquisition of seeks monetary and financial conditions must be received not later than March
a nonbanking company, the review also that will foster maximum employment 27, 2015.
includes whether the acquisition of the and price stability. In particular, the A. Federal Reserve Bank of New York
nonbanking company complies with the Committee seeks conditions in reserve (Ivan Hurwitz, Vice President) 33
standards in section 4 of the BHC Act markets consistent with federal funds Liberty Street, New York, New York
(12 U.S.C. 1843). Unless otherwise trading in a range from 0 to 1⁄4 percent. 10045–0001:
noted, nonbanking activities will be The Committee directs the Desk to 1. Basswood Capital Management,
conducted throughout the United States. undertake open market operations as LLC, New York, New York, and various
Unless otherwise noted, comments necessary to maintain such conditions. funds it operates, and Matthew
regarding each of these applications The Committee directs the Desk to Lindenbaum and Bennett Lindenbaum,
must be received at the Reserve Bank maintain its policy of rolling over both of New York, New York, and
indicated or the offices of the Board of maturing Treasury securities into new various other family members and
Governors not later than April 6, 2015. issues and its policy of reinvesting family related trusts; to collectively
A. Federal Reserve Bank of Atlanta principal payments on all agency debt acquire voting shares of Bridge Bancorp,
(Chapelle Davis, Assistant Vice and agency mortgage-backed securities Inc., and thereby indirectly acquire
President) 1000 Peachtree Street NE., in agency mortgage-backed securities. voting shares of The Bridgehampton
Atlanta, Georgia 30309: The Committee also directs the Desk to National Bank, both in Bridgehampton,
1. Community & Southern Holdings, engage in dollar roll and coupon swap New York.
Inc., Atlanta, Georgia; to acquire 100 transactions as necessary to facilitate B. Federal Reserve Bank of Chicago
percent of the voting shares Community settlement of the Federal Reserve’s (Colette A. Fried, Assistant Vice
Business Bank, Cumming, Georgia. agency mortgage-backed securities President) 230 South LaSalle Street,
2. First Commercial Bancshares, Inc., transactions. The System Open Market Chicago, Illinois 60690–1414:
1. Capital Z Partners Centrue AIV,
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Jackson, Mississippi; to acquire 100 Account manager and the secretary will
percent of the voting shares of Desoto L.P., Capital Z Partners III GP, L.P.,
County Bank, Horn Lake, Mississippi. 1 Copies of the Minutes of the Federal Open Capital Z Partners III GP, Ltd., Capital
B. Federal Reserve Bank of Kansas Market Committee at its meeting held on January Z Partners Management, LLC, Bradley E.
City (Dennis Denney, Assistant Vice 27–28, 2015, which includes the domestic policy Cooper, all of New York, New York, and
President) 1 Memorial Drive, Kansas directive issued at the meeting, are available upon Robert A. Spass, Westfield, New Jersey;
request to the Board of Governors of the Federal
City, Missouri 64198–0001: Reserve System, Washington, DC 20551. The
to acquire voting shares of Centrue
1. Southeast Bancshares, Inc., minutes are published in the Federal Reserve Financial Corporation, Ottawa, Illinois,
Chanute, Kansas; to acquire 100 percent Bulletin and in the Board’s Annual Report. and thereby indirectly acquire voting

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Document Created: 2018-02-21 09:36:02
Document Modified: 2018-02-21 09:36:02

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 13000