Federal Register / Vol. 77, No. 73 / Monday, April 16, 2012 / Notices 22577 

1Copies of the Minutes of the Federal Open 

Market Committee at its meeting held on March 13, 

2012, which includes the domestic policy directive 

issued at the meeting, are available on the Board’s 

Web site, www.federalreserve.gov. The minutes are 

also published in the Federal Reserve Bulletin and 

in the Board’s Annual Report. 

Commission’s Rules of Practice and 

Procedure, 46 CFR 502.2, as well as 

being mailed directly to all parties of 

record; 

Finally, it is ordered That pursuant to 

the terms of Rule 61 of the 

Commission’s Rules of Practice and 

Procedure, 46 CFR 502.61, the final 

decision of the Commission in this 

proceeding shall be issued by August 9, 

2012. 

By the Commission. 

Karen V. Gregory, 

Secretary. 

[FR Doc. 2012–9099 Filed 4–13–12; 8:45 am] 

BILLING CODE 6730–01–P 

FEDERAL RESERVE SYSTEM 

Federal Open Market Committee; 

Domestic Policy Directive of March 13, 

2012 

In accordance with Section 271.7(d) 

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 13, 2012.1

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 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 

continue the maturity extension 

program it began in September to 

purchase, by the end of June 2012, 

Treasury securities with remaining 

maturities of approximately 6 years to 

30 years with a total face value of $400 

billion, and to sell Treasury securities 

with remaining maturities of 3 years or 

less with a total face value of $400 

billion. The Committee also directs the 

Desk to maintain its existing policies of 

rolling over maturing Treasury 

securities into new issues and of 

reinvesting principal payments on all 

agency debt and agency mortgagebacked securities in the System Open 

Market Account in agency mortgagebacked securities in order to maintain 

the total face value of domestic 

securities at approximately $2.6 trillion. 

The Committee directs the Desk to 

engage in dollar roll transactions as 

necessary to facilitate settlement of the 

Federal Reserve’s agency MBS 

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, April 9, 2012. 

William B. English, 

Secretary, Federal Open Market Committee. 

[FR Doc. 2012–8918 Filed 4–13–12; 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 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 May 11, 2012. 

A. Federal Reserve Bank of Kansas 

City (Dennis Denney, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. FNB Bancshares, Inc., 

Independence, Kansas; to become a 

bank holding company by acquiring 100 

percent of the voting shares of First 

National Bank, Independence, Kansas. 

B. Federal Reserve Bank of San 

Francisco (Kenneth Binning, Vice 

President, Applications and 

Enforcement) 101 Market Street, San 

Francisco, California 94105–1579: 

1. Carpenter Fund Manager GP, LLC, 

Carpenter Fund Management Company, 

LLC, Carpenter Community Bancfund, 

L.P., Carpenter Community BanFund— 

A, L.P., Carpenter Community 

BandFund—CA, L.P., CCFW, Inc., and 

Carpenter Bank Partners, Inc., all in 

Irvine, California; to acquire additional 

voting shares, for a total of 

approximately 78 percent of the voting 

shares, of Manhattan Bancorp, and 

thereby indirectly acquire additional 

voting shares of Bank of Manhattan, 

National Association, both in El 

Segundo, California. 

Board of Governors of the Federal Reserve 

System, April 11, 2012. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. 2012–9032 Filed 4–13–12; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Formations of, Acquisitions by, and 

Mergers of Bank Holding Companies; 

Correction 

This notice corrects a notice (FR Doc. 

2012–08198) published on page 20635 

of the issue for Thursday, April 5, 2012. 

Under the Federal Reserve Bank of 

Kansas City heading, the entry for 

Arthur L. Loomis, II, Patricia A. Loomis, 

Genevieve E. Loomis, and Julia P. 

Loomis, all of Niskayuna, New York; 

Frederick S. Loomis, Anne M. Loomis, 

and J. Porter Loomis, all of Pratt, 

Kansas; Howard K. Loomis, Jr., Karen P. 

Loomis, Katherine P. Loomis, Margaret 

P. Loomis, and Victoria K. Loomis, all of 

Los Gatos, California, as individuals 

and/or trustees of the 2011 Arthur L. 

Loomis, II Gift Trust, Julia P. Loomis 

Revocable Trust, Arthur L. Loomis, II 

Revocable Trust, Genevieve E. Loomis 

Revocable Trust, all of Niskayuna, New 

York; Howard K. Loomis Revocable 

Trust, 2010 Howard K. Loomis 

Irrevocable Family Trust, Porter Legacy 

Trust, Florence Porter Loomis Trust, 

2010 Florence Porter Loomis Irrevocable 

Family Trust, 2011 Frederick S. Loomis 

Gift Trust, 2011 J. Porter Loomis Gift 

Trust, all of Pratt, Kansas; 2011 Howard 

K. Loomis Jr. Gift Trust, The Loomis 

1993 Revocable Trust, both of Los Gatos, 

California; and Flopper, L.P., How-Kan, 

L.P., and Driftwood, LLC, all of Pratt, 

Kansas; and all as members of the 

Loomis Family Group, is revised to read 

as follows: 


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