Federal Register / Vol. 62, No. 64 / Thursday, April 3, 1997 / Notices 15895

FEDERAL HOUSING FINANCE BOARD

Sunshine Act Meeting; Announcing an

Open Meeting of the Board

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

April 9, 1997.

PLACE: Board Room, Second Floor,

Federal Housing Finance Board, 1777 F

Street, N.W., Washington, D.C. 20006.

STATUS: The entire meeting will be open

to the public.

MATTER TO BE CONSIDERED DURING

PORTIONS OPEN TO THE PUBLIC:

• Community Support Revisions—

Final Rule

• Community Investment—Cash

Advance Proposed Rulemaking

CONTACT PERSON FOR MORE INFORMATION:

Elaine L. Baker, Secretary to the Board,

(202) 408–2837.

Bruce A. Morrison,

Chairman.

[FR Doc. 97–8690 Filed 4–1–97; 2:42 pm]

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. Once the

notices have been accepted for

processing, they will also 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 April 17, 1997.

A. Federal Reserve Bank of San

Francisco (Kenneth R. Binning,

Director, Bank Holding Company) 101

Market Street, San Francisco, California

94105-1579:

1. Zubair and Khatija Kazi, Studio

City, California; to acquire up to 34.65

percent, and Yahia and Magda AbdulRahman, Pasadena, California, to

acquire up to 20.35 percent, of the

voting shares of Greater Pacific

Bancshares, Whittier, California, and

thereby indirectly acquire Bank of

Whittier, N.A., Whittier, California.

Board of Governors of the Federal Reserve

System, March 28, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–8485 Filed 4-2-97; 8:45 am]

BILLING CODE 6210-01-F

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. Once the application has

been accepted for processing, it 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.

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 April 28, 1997.

A. Federal Reserve Bank of Cleveland

(R. Chris Moore, Senior Vice President)

1455 East Sixth Street, Cleveland, Ohio

44101-2566:

1. BNB Bancorp, Inc., Brookville,

Ohio; to become a bank holding

company by acquiring 100 percent of

the voting shares of Brookville National

Bank, Brookville, Ohio.

B. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480-2171:

1. Bay Bankcorp, Inc., St. Paul,

Minnesota; to become a bank holding

company by acquiring 100 percent of

the voting shares of Baybank, Gladstone,

Michigan.

2. Sankovitz Family Limited

Partnership, and Frankson Investment

Corporation, both of Waseca,

Minnesota; to acquire 100 percent of the

voting shares of Bank of Ellendale,

Ellendale, Minnesota.

Board of Governors of the Federal Reserve

System, March 28, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–8486 Filed 4-2-97; 8:45 am]

BILLING CODE 6210-01-F

FEDERAL RETIREMENT THRIFT

INVESTMENT BOARD

Sunshine Act Meeting

TIME AND DATE: 10:00 a.m. (EDT), April

14, 1997.

PLACE: 4th Floor, Conference Room

4506, 1250 H Street, N.W., Washington,

D.C.

STATUS: Open.

MATTERS TO BE CONSIDERED:

1. Approval of the minutes of the

March 10, 1997, Board member meeting.

2. Thrift Savings Plan activity report

by the Executive Director.

3. Review of Arthur Andersen annual

financial audit.

CONTACT PERSON FOR MORE INFORMATION:

Thomas J. Trabucco, Director, Office of

External Affairs, (202) 942–1640.

Dated: March 31, 1997.

Roger W. Mehle,

Executive Director, Federal Retirement Thrift

Investment Board.

[FR Doc. 97–8607 Filed 4–1–97; 10:47 am]

BILLING CODE 6760–01–M

FEDERAL TRADE COMMISSION

[Dkt. C–3698]

Budget Marketing, Inc., et al.;

Prohibited Trade Practices, and

Affirmative Corrective Actions

AGENCY: Federal Trade Commission.

ACTION: Consent order.

SUMMARY: In settlement of alleged

violations of federal law prohibiting

unfair or deceptive acts or practices and

unfair methods of competition, this

consent order prohibits, among other

things, an Iowa-based telemarketer of

magazine subscriptions and 11 of its

dealers from misrepresenting either that

they are selling magazines or the cost

and conditions of the subscriptions they

are selling. The consent order also

prohibits the respondents from:

threatening and harassing consumers in

order to collect payments; failing to

honor offers that allow cancellation; and