Federal Register / Vol. 65, No. 187 / Tuesday, September 26, 2000 / Notices 57815

1The metropolitan area in question is St. Louis,

and the Finance Board would continue to publish

data for this region.

Table IV as an ARM index rate.1 Should

any ARM be linked to a mortgage rate

for a metropolitan area that will be

deleted from the regular quarterly table,

the Finance Board proposes as the

successor index the National Average

Contract Mortgage Rate for the Purchase

of All Homes by Combined Lenders the

successor index if that ARM index is a

contract rate from Table IV. It also

proposes to designate the National

Average Effective Mortgage Rate for the

Purchase of All Homes by Combined

Lenders to be the successor index for

any ARM index that is an effective rate

from Table IV. The Finance Board

publishes both of the proposed

successor index rates in the top panel of

Table I in the monthly MIRS release,

and the current value of both interest

rates is available on a recording

maintained by the Finance Board. This

particular designation would apply only

to those metropolitan areas that the

Finance Board would delete from the

regular quarterly Table IV.

The Finance Board seeks comments

on these proposed successor index rates.

F. Effective Date and Transition

Provisions

If the Finance Board adopts the MIRS

weighting changes described above, it

would implement the changes effective

with the January 2001 data to allow the

data for a whole calendar year to be

calculated using the same sampling and

weighting methodology. Before

implementing any changes, the Finance

Board would employ the services of a

statistician to ensure the

appropriateness of the MIRS sampling

and weighting methodology.

The Finance Board also would make

available special tabulations so that

Fannie Mae and Freddie Mac would

have data calculated on the same basis

for their determination of the

conforming loan limit for 2002. This

calculation would occur in November

2001.

Dated: September 18, 2000.

By the Federal Housing Finance Board.

James L. Bothwell,

Managing Director.

[FR Doc. 00–24660 Filed 9–25–00; 8:45 am]

BILLING CODE 6725–01–P

FEDERAL RESERVE SYSTEM

Change in Bank Control Notices;

Acquisitions of Shares of Banks or

Bank Holding Companies

The notificants listed below have

applied under the Change in Bank

Control Act (12 U.S.C. 1817(j)) and

§ 225.41 of the Board’s Regulation Y (12

CFR 225.41) to acquire a bank or bank

holding company. The factors that are

considered in acting on the notices are

set forth in paragraph 7 of the Act (12

U.S.C. 1817(j)(7)).

The notices are available for

immediate inspection at the Federal

Reserve Bank indicated. The notices

also will be available for inspection at

the offices of the Board of Governors.

Interested persons may express their

views in writing to the Reserve Bank

indicated for that notice or to the offices

of the Board of Governors. Comments

must be received not later than October

10, 2000.

A. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198–0001:

1. The B & D Lee Limited Partnership,

Bryan L. and Delphia C. Lee, General

Partners, Nowata, Oklahoma; to acquire

voting shares of Nowata Bancshares,

Inc., Nowata, Oklahoma, and thereby

indirectly acquire voting shares of First

National Bank of Nowata, Nowata,

Oklahoma.

Board of Governors of the Federal Reserve

System, September 21, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–24688 Filed 9–25–00; 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 October 20,

2000.

A. Federal Reserve Bank of

Richmond (A. Linwood Gill, III, Vice

President) 701 East Byrd Street,

Richmond, Virginia 23261-4528:

1. Shore Bancshares, Inc., Centreville,

Maryland; to merge with Talbot

Bancshares, Inc., Easton, Maryland, and

thereby indirectly acquire The Talbot

Bank of Easton, Maryland, Easton,

Maryland.

B. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri

63166–2034:

1. First Banks, Inc., St. Louis,

Missouri, and its subsidiary, First Banks

America, Inc., St. Louis, Missouri; to

acquire 100 percent of the voting shares

of Millennium Bank, San Francisco,

California.

2. Eureka Springs Bancshares, Inc.,

Eureka Springs, Arkansas; to acquire

100 percent of the voting shares of Bank

of Eureka Springs, Eureka Springs,

Arkansas.

In connection with this application,

JFC, Inc., Eureka Springs, Arkansas, and

The John F. Cross Family Limited

Partnership II, Eureka Springs,

Arkansas, have applied to become bank

holding companies by acquiring voting

shares of Eureka Springs Bancshares,

Inc., Eureka Springs, Arkansas.

C. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198–0001:

1. Grace Investment Company, Inc.,

Alva, Oklahoma; to become a bank

holding company by acquiring 93.87

percent of the voting shares, for a total

of 100 percent of the voting shares of

The First National Bank in Okeene,

Okeene, Oklahoma.