Federal Register / Vol. 65, No. 88 / Friday, May 5, 2000 / Notices 26207

1Copies of the Minutes of the Federal Open

Market Committee meeting of February 1–2, 2000,

which include the domestic policy directive issued

at that meeting, are available upon request to the

Board of Governors of the Federal Reserve System,

Washington, D.C. 20551. The minutes are published

in the Federal Reserve Bulletin and in the Board’s

annual report.

thereby indirectly acquire Bank of

Hanover Trust Company, Hanover,

Pennsylvania.

B. Federal Reserve Bank of Chicago

(Phillip Jackson, Applications Officer)

230 South LaSalle Street, Chicago,

Illinois 60690–1414:

1. Ledyard Bancorporation, Inc.,

Ledyard, Iowa; to become a bank

holding company by acquiring 97.45

percent of the voting shares of State

Bank of Ledyard, Ledyard, Iowa.

C. Federal Reserve Bank of

Minneapolis (JoAnne F. Lewellen,

Assistant Vice President) 90 Hennepin

Avenue, Minneapolis, Minnesota

55480–0291:

1. NASB Shares, Inc., Belgrade,

Minnesota; to become a bank holding

company by acquiring 100 percent of

the voting shares of North American

State Bank, Belgrade, Minnesota.

In connection with this application,

Applicant also has applied to acquire

Borgerding Insurance Agency, Inc.,

Belgrade, Minnesota, and thereby

engage in general insurance agency

activities in a place with a population

not exceeding 5,000 and where the bank

holding company organization has a

lending office, pursuant to

§ 225.28(b)(11)(iii) of Regulation Y.

D. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198–0001:

1. The State Bank of Hoxie ESOP,

Hoxie, Kansas; to acquire up to 50

percent of the voting shares of Prairie

State Bancshares, Inc., Hoxie, Kansas,

and thereby indirectly acquire The State

Bank, Hoxie, Kansas.

Board of Governors of the Federal Reserve

System, May 2, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–11291 Filed 5–4–00; 8:45 am]

BILLING CODE 6210–01–P

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 May 22, 2000.

A. Federal Reserve Bank of

Minneapolis (JoAnne F. Lewellen,

Assistant Vice President) 90 Hennepin

Avenue, Minneapolis, Minnesota

55480–0291:

1. Ellingson Corporation, Kenyon,

Minnesota; has applied to engage in

selling general insurance, in a town of

less than 5,000, pursuant to

§ 225.28(b)(11) of Regulation Y.

Board of Governors of the Federal Reserve

System, May 2, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–11290 Filed 5–4–00; 8:45 am]

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM

Federal Open Market Committee;

Domestic Policy Directive of February

1–2, 2000

In accordance with § 71.5 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 February 1–2, 2000.1

The Federal Open Market Committee

seeks monetary and financial conditions

that will foster price stability and

promote sustainable growth in output.

In furtherance of these objectives, the

Committee at this meeting established

ranges for growth of M2 and M3 of 1 to

5 percent and 2 to 6 percent

respectively, measured from the fourth

quarter of 1999 to the fourth quarter of

2000. The range for growth of total

domestic nonfinancial debt was set at 3

to 7 percent for the year. The behavior

of the monetary aggregates will continue

to be evaluated in the light of

movements in their velocities and

developments in prices, the economy,

and financial markets.

To further the Committee’s long-run

objectives of price stability and

sustainable economic growth, the

Committee in the immediate future

seeks conditions in reserve markets

consistent with increasing the federal

funds rate to an average of around 53⁄4

percent.

By order of the Federal Open Market

Committee, May 1, 2000.

Normand Bernard,

Deputy Secretary, Federal Open Market

Committee.

[FR Doc. 00–11260 Filed 5–4–00–; 8:45 am]

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM

Sunshine Act Meeting

AGENCY HOLDING THE MEETING: Board of

Governors of the Federal Reserve

System.

TIME AND DATE: 10:00 a.m., Wednesday,

May 10, 2000.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, C Street

entrance between 20th and 21st Streets,

NW, Washington, DC 20551.

STATUS: Open.

MATTERS TO BE CONSIDERED: 

Discussion Agenda

1. Publication for comment of

proposed new Regulation G (Disclosure

and Reporting of CRA Related

Agreements) to implement the

Community Reinvestment Act sunshine

requirements of the Gramm-LeachBliley Act.

2. Proposed new Regulation P

(Privacy of Consumer Financial

Information) to implement the

provisions of the Gramm-Leach-Bliley

Act that govern the protection and

disclosure by financial institutions of

nonpublic personal information about

consumers (proposed earlier for public

comment; Docket No. R–1058).

3. Any items carried forward from a

previously announced meeting.

Note: This meeting will be recorded for the

benefit of those unable to attend. Cassettes

will be available for listening in the Board’s

Freedom of Information Office, and copies

may be ordered for $6 per cassette by calling

202–452–3684 or by writing to: Freedom of