32182 Federal Register / Vol. 75, No. 108 / Monday, June 7, 2010 / Notices 

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 July 2, 2010. 

A. Federal Reserve Bank of 

Richmond (A. Linwood Gill, III, Vice 

President) 701 East Byrd Street, 

Richmond, Virginia 23261–4528: 

1. Jacksonville Bancorp, Inc., 

Jacksonville, Florida; to merge with 

Atlantic BancGroup, Inc., and thereby 

indirectly acquire Oceanside Bank, both 

of Jacksonville Beach, Florida. 

Board of Governors of the Federal Reserve 

System, June 2, 2010. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. 2010–13543 Filed 6–4–10; 8:45 am] 

BILLING CODE 6210–01–S 

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 22, 2010. 

A. Federal Reserve Bank of New 

York (Ivan Hurwitz, Vice President) 33 

Liberty Street, New York, New York 

10045–0001: 

1. Industrial and Commercial Bank of 

China, Limited, Beijing, China; to 

acquire 100 percent of the voting shares 

of Strong City Securities, LLC, Newton, 

New Jersey, and thereby indirectly 

acquire voting shares of Fortis Securities 

LLC, New York, New York, and thereby 

engage in securities brokerage 

transactions, pursuant to section 225.28 

(b)(7)(i), and in riskless principal 

transactions, pursuant to section 

225.28(b)(7)(ii), both of Regulation Y. 

Board of Governors of the Federal Reserve 

System, June 2, 2010. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. 2010–13542 Filed 6–4–10; 8:45 am] 

BILLING CODE 6210–01–S 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Medicaid Program: Proposed 

Implementation of Section 614 of the 

Children’s Health Insurance Program 

Reauthorization Act of 2009 for 

Adjustments to the Federal Medical 

Assistance Percentage for Medicaid 

Federal Matching Funds 

AGENCY: Office of the Secretary, 

Department of Health and Human 

Services. 

ACTION: Notice with comment period. 

SUMMARY: For purposes of Title XIX 

(Medicaid) of the Social Security Act, 

the Federal Medical Assistance 

Percentage (FMAP), defined in section 

1905(b) of the Social Security Act, for 

each state beginning with fiscal year 

2006 is subject to adjustment pursuant 

to section 614 of the Children’s Health 

Insurance Program Reauthorization Act 

of 2009 (CHIPRA), Public Law 111–3. 

Section 614 provides for a recalculation 

of the FMAP disregarding identifiable 

significantly disproportionate employer 

pension or insurance fund contributions 

for a state. These contributions, when 

counted, increase state personal income 

and, by operation of the statutory 

formula to calculate the FMAP, would 

decrease the FMAP for the state. This 

notice announces the proposed 

methodology that the U.S. Department 

of Health and Human Services will use 

to determine the need for, and amount 

of, any such recalculation of the FMAP 

for a state. 

DATES: Comment Date: To be assured 

consideration, comment must be 

received at the address provided below, 

no later than 5 p.m. EST on July 7, 2010. 

ADDRESSES: Because of staff and 

resource limitations, we can only accept 

comments by regular mail. You may 

mail written comments (one original 

and one copy) to the following address 

only: Department of Health and Human 

Services, Room 447D, Attention: FMAP 

Adjustment Notice—CHIPRA, 200 

Independence Ave., SW., Washington, 

DC 20201. 

Submitting Comments: We welcome 

comments from the public on all issues 

set forth in this notice with comment 

period to assist us in fully considering 

issues and developing policies. Please 

provide a reference to the section on 

which you choose to comment. 

SUPPLEMENTARY INFORMATION: 

A. Background 

Section 1905(b) of the Social Security 

Act defines the Federal Medical 

Assistance Percentage (FMAP), which is 

used to determine the share of federal 

matching funds paid to each state for 

medical assistance payments under an 

approved Medicaid State plan under 

Title XIX of the Social Security Act. 

These FMAP rates are also used to 

determine federal matching fund rates 

for state expenditures for assistance 

payments under certain social service 

programs under Title IV of the Social 

Security Act and for child health 

assistance expenditures under the 

Children’s Health Insurance Program 

under title XXI of the Social Security 

Act. In other Federal Register issuances, 

we have addressed changes to these 

FMAP rates required under the 

American Recovery and Reinvestment 

Act of 2009 (Pub. L. 111–5). 

This notice addresses adjustments to 

the FMAP rates that are applicable only 

to the Medicaid program and required 

by Section 614 of the Children’s Health 

Insurance Program Reauthorization Act 

of 2009 (CHIPRA). Section 614 specifies 

that certain significantly 

disproportionate employer pension or 

insurance fund contributions shall be 

disregarded when computing the per 

capita income used to calculate the 

FMAP. The statutory formula for 

calculating the FMAP is based on the 

ratio of the state’s per capita income to 

the per capita income of the entire 

United States. Under this formula, states 

with higher per capita income levels 

could have lower FMAP rates than 

states with lower per capita income 

levels. Significantly disproportionate 

employer pension or insurance fund 

contributions increase state personal 

income and, by operation of the 

statutory formula, could result in lower 

FMAPs than if those contributions were 

disregarded. CHIPRA requires 

adjustments to the Fiscal Year 2006 

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