Federal Register / Vol. 65, No. 106 / Thursday, June 1, 2000 / Notices 35093

1Copies of the Minutes of the Federal Open

Market Committee meeting of March 21, 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.

FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and

Mergers of Bank Holding Companies;

Correction

This notice corrects a notice (FR Doc.

00–13255) published on page 34182 of

the issue for Friday, May 26, 2000.

Under the Federal Reserve Bank of St.

Louis heading, the entry for Heritage

Group, Inc., Aurora, Nebraska, is revised

to read as follows:

A. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198–0001:

1. Heritage Group, Inc., Aurora,

Nebraska; to acquire 100 percent of the

voting shares of City National Bank and

Trust Company, Hastings, Nebraska.

Comments on this application must

be received by June 19, 2000.

Board of Governors of the Federal Reserve

System, May 26, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–13710 Filed 5–31–00; 8:45 am]

BILLING CODE 6210–01–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 June 26, 2000.

A. Federal Reserve Bank of San

Francisco (Maria Villanueva, Consumer

Regulation Group) 101 Market Street,

San Francisco, California 94105–1579:

1. North Bay Bancorp, Napa,

California; to acquire 100 percent of the

voting shares of Solano Bank (in

organization), Vacaville, California.

Board of Governors of the Federal Reserve

System, May 26, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–13711 Filed 5–31–00; 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 June 14, 2000.

A. Federal Reserve Bank of San

Francisco (Maria Villanueva, Consumer

Regulation Group) 101 Market Street,

San Francisco, California 94105–1579:

1. Silicon Valley Bancshares, Inc.,

Santa Clara, California; to engage de

novo through its subsidiary, SVB

Strategic Investors Fund, L.P., Santa

Clara, California, in acting as investment

or financial advisor directly or

indirectly, pursuant to § 225.28(b)(6) of

Regulation Y.

Board of Governors of the Federal Reserve

System, May 25, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–13605 Filed 5–31–00; 8:45 am]

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM

Federal Open Market Committee;

Domestic Policy Directive of March 21,

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 March 21, 2000. 1

The Federal Open Market Committee

seeks monetary and financial conditions

that will foster price stability and

promote sustainable growth in output.

To further its long-run objectives, the

Committee in the immediate future

seeks conditions in reserve markets

consistent with increasing the federal

funds rate to an average of around 6

percent.

By order of the Federal Open Market

Committee, May 24, 2000.

Donald L. Kohn,

Secretary, Federal Open Market Committee.

[FR Doc. 00–13644 Filed 5–31–00; 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: 11 a.m., Monday, June 5,

2000.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, 20th and C

Streets, N.W., Washington, D.C. 20551.

STATUS: Closed.