Federal Register / Vol. 69, No. 187 / Tuesday, September 28, 2004 / Notices 57917

diskette, or e-mailed to 

secretary@fmc.gov.

Copies of the Petition are available at 

the Office of the Secretary, Federal 

Maritime Commission, 800 North 

Capitol Street, NW., Room 1046. A copy 

may also be obtained by sending a 

request to secretary@fmc.gov or by 

calling 202–523–5725. Parties 

participating in this proceeding may 

elect to receive service of the 

Commission’s issuances in this 

proceeding through e-mail in lieu of 

service by U.S. mail. A party opting for 

electronic service shall advise the Office 

of the Secretary in writing and provide 

an e-mail address where service can be 

made.

By the Commission. 

Bryant L. VanBrakle, 

Secretary.

[FR Doc. 04–21743 Filed 9–27–04; 8:45 am] 

BILLING CODE 6730–01–P

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. 

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 October 22, 

2004.

A. Federal Reserve Bank of New 

York (Jay Bernstein, Bank Supervision 

Officer) 33 Liberty Street, New York, 

New York 10045–0001:

1. Popular, Inc., Popular International 

Bank, Inc., and Popular North America, 

all of San Juan, Puerto Rico; to acquire 

100 percent of the voting shares of 

Kislak Financial Corporation, and 

thereby indirectly acquire voting shares 

of Kislak National Bank, both of Miami 

Lakes, Florida.

B. Federal Reserve Bank of 

Minneapolis (Jacqueline G. Nicholas, 

Community Affairs Officer) 90 

Hennepin Avenue, Minneapolis, 

Minnesota 55480–0291:

1. Marshall Bancorp, Inc., 

Minneapolis, Minnesota; to acquire 100 

percent of the voting shares of 

BANKFIRST Corporation, Sioux Falls, 

South Dakota, and thereby indirectly 

acquire voting shares of BANKFIRST, 

Sioux Falls, South Dakota.

2. State Bankshares, Inc., Fargo, North 

Dakota; to acquire 100 percent of the 

voting shares of First State Bank of 

Audubon, Audubon, Minnesota.

Board of Governors of the Federal Reserve 

System, September 22, 2004.

Robert deV. Frierson,

Deputy Secretary of the Board.

[FR Doc. 04–21634 Filed 9–27–04; 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 

bank holding companies may be 

obtained from the National Information 

Center website at www.ffiec.gov/nic/.

Unless otherwise noted, comments 

regarding the applications must be 

received at the Reserve Bank indicated 

or the offices of the Board of Governors 

not later than October 12, 2004.

A. Federal Reserve Bank of Chicago

(Patrick Wilder, Assistant Vice 

President) 230 South LaSalle Street, 

Chicago, Illinois 60690–1414:

1. Marshall & Ilsley Corporation, 

Milwaukee, Wisconsin; through its 

subsidiary, Metavante Corporation, to 

acquire NuEdge Systems, LLC, 

Brookfield, Wisconsin, and thereby 

engage in data processing, pursuant to 

section 225.28(b)(14)(i) of Regulation Y.

Board of Governors of the Federal Reserve 

System, September 22, 2004.

Robert deV. Frierson,

Deputy Secretary of the Board.

[FR Doc. 04–21633 Filed 9–27–04; 8:45 am]

BILLING CODE 6210–01–S

FEDERAL RESERVE SYSTEM

[Docket No. OP–1182] 

Policy Statement on Payments System 

Risk

AGENCY: Board of Governors of the 

Federal Reserve System.

ACTION: Policy statement.

SUMMARY: The Board has revised its 

Policy Statement on Payments System 

Risk (PSR policy) to modify the daylight 

overdraft measurement rules (‘‘posting 

rules’’) for interest and redemption 

payments on securities issued by 

entities for which the Reserve Banks act 

as fiscal agents but whose securities are 

not obligations of, or fully guaranteed as 

to principal and interest by, the United 

States—that is, securities issued by 

government-sponsored enterprises 

(GSEs) and certain international 

organizations. In connection with this 

policy change, the Board supports the 

formation of an industry working group 

to promote a smooth transition through 

collaborative discussion of 

implementation issues. The working 

group will be coordinated through the 

Federal Reserve Banks’ Wholesale 

Product Office in New York; 

organizations that commented on the 

planned policy changes, members of 

those organizations, and fiscal 

principals to whom the policy applies 

will be invited to participate.