12564 Federal Register / Vol. 60, No. 44 / Tuesday, March 7, 1995 / Notices

Corporation, Chattanooga, Tennessee, in

community development activities,

pursuant to § 225.25(b)(6) of the Board’s

Regulation Y, and to make, acquire, and

service loans or other extensions of

credit related to community

development activities, pursuant to §

225.25(b)(1)(iv) of the Board’s

Regulation Y. The proposed activity will

be conducted throughout the state of

Tennessee.

Board of Governors of the Federal Reserve

System, March 1, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95-5486 Filed 3–6–95; 8:45 am]

BILLING CODE 6210–01–F

First Union Corporation, et al.;

Acquisitions of Companies Engaged in

Permissible Nonbanking Activities

The organizations listed in this notice

have applied under § 225.23(a)(2) or (f)

of the Board’s Regulation Y (12 CFR

225.23(a)(2) or (f)) for the Board’s

approval under section 4(c)(8) of the

Bank Holding Company Act (12 U.S.C.

1843(c)(8)) and § 225.21(a) of Regulation

Y (12 CFR 225.21(a)) to acquire or

control voting securities or assets of a

company engaged in a nonbanking

activity that is listed in § 225.25 of

Regulation Y as closely related to

banking and permissible for bank

holding companies. Unless otherwise

noted, such activities will be conducted

throughout the United States.

Each application is 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

question whether consummation of the

proposal can ‘‘reasonably be expected to

produce benefits to the public, such as

greater convenience, increased

competition, or gains in efficiency, that

outweigh possible adverse effects, such

as undue concentration of resources,

decreased or unfair competition,

conflicts of interests, or unsound

banking practices.’’ Any request for a

hearing on this question must be

accompanied by a statement of the

reasons a written presentation would

not suffice in lieu of a hearing,

identifying specifically any questions of

fact that are in dispute, summarizing the

evidence that would be presented at a

hearing, and indicating how the party

commenting would be aggrieved by

approval of the proposal.

Unless otherwise noted, comments

regarding each of these applications

must be received at the Reserve Bank

indicated for the application or the

offices of the Board of Governors not

later than March 21, 1995.

A. Federal Reserve Bank of

Richmond (Lloyd W. Bostian, Jr., Senior

Vice President) 701 East Byrd Street,

Richmond, Virginia 23261:

1. First Union Corporation, Charlotte,

North Carolina; to acquire Coral Gables

Fedcorp, Inc., Coral Gables, Florida, and

thereby indirectly acquire Coral Gables

Federal Savings and Loan Association,

Coral Gables, Florida, and engage in

acquiring and operating a federal

savings bank holding company and its

subsidiary savings bank, pursuant to §

225.25(b)(9) of the Board’s Regulation Y.

B. Federal Reserve Bank of Chicago

(James A. Bluemle, Vice President) 230

South LaSalle Street, Chicago, Illinois

60690:

1. NBD Bancorp, Inc., Detroit,

Michigan and NBD Illinois, Inc. Park

Ridge, Illinois; to acquire Deerbank

Corporation, and thereby indirectly

acquire Deerfield Federal Savings and

Loan Association, and Northern Illinois

Financial Services Corporation, all of

Deerfield, Illinois, and thereby engage in

operating a savings association,

pursuant to § 225.25(b)(9) of the Board’s

Regulation Y, and making and servicing

loans, pursuant to § 225.25(b)(1) of the

Board’s Regulation Y.

Board of Governors of the Federal Reserve

System, March 1, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–5485 Filed 3–6–95; 8:45 am]

BILLING CODE 6210–01–F

John M. Saphir, et al.; 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 March 21, 1995.

A. Federal Reserve Bank of Chicago

(James A. Bluemle, Vice President) 230

South LaSalle Street, Chicago, Illinois

60690:

1. John M. Saphir, John M. Saphir

Living Trust and John M. Saphir Family

Partnership, Glenwood, Illinois; each to

acquire collectively 17.33 percent of the

voting shares of Heritage Community

Bancorporation, Inc., Glenwood, Illinois

(formerly known as Riverdale

Bancorporation, Inc., Riverdale,

Illinois), and thereby indirectly acquire

Heritage Community Bank, Glenwood,

Illinois.

Board of Governors of the Federal Reserve

System, March 1, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–5487 Filed 3–6–95; 8:45 am]

BILLING CODE 6210–01–F

GENERAL ACCOUNTING OFFICE

Federal Accounting Standards

Advisory Board

AGENCY: General Accounting Office.

ACTION: Notice of Meeting.

SUMMARY: Pursuant to section 10(a)(2) of

the Federal Advisory Committee Act

(Pub. L. No. 92–463), as amended,

notice is hereby given that a two-day

meeting of the Federal Accounting

Standards Advisory Board will be held

on Wednesday afternoon, March 15

from 1:00 to 4:30 and continuing on

Thursday, March 16 from 9:00 A.M. to

4:00 in room 7C13 of the General

Accounting Office, 441 G St., N.W.,

Washington, D.C.

The agenda for the meeting includes

discussions of issues related to the

following projects: Stewardship,

Revenue Recognition, Liabilities, and

Managerial Cost Accounting Standards.

We advise that other items may be

added to the agenda; interested parties

should contact the Staff Director for

more specific information and to

confirm the date of the meeting. Any

interested person may attend the

meeting as an observer. Board

discussions and reviews are open to the

public.

FOR FURTHER INFORMATION CONTACT:

Ronald S. Young, Executive Staff

Director, 750 First St., N.E., Room 1001,

Washington, D.C. 20002, or call (202)

512–7350.

Authority: Federal Advisory Committee

Act. Pub. L. No. 92–463, Section 10(a)(2), 86

Stat. 770, 774 (1972) (current version at 5

U.S.C. app. section 10(a)(2) (1988); 41 CFR

101–6.1015 (1990).
Federal Register / Vol. 60, No. 44 / Tuesday, March 7, 1995 / Notices 12565

Dated: March 1, 1995.

Ronald S. Young,

Executive Director.

[FR Doc. 95–5465 Filed 3–6–95; 8:45 am]

BILLING CODE 1610–01–M

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Administration for Children and

Families

New and Pending Demonstration

Project Proposals Submitted Pursuant

to Section 1115(a) of the Social

Security Act: February, 1995

AGENCY: Administration for Children

and Families, HHS.

ACTION: Notice.

SUMMARY: This notice lists new

proposals for welfare reform and

combined welfare reform/Medicaid

demonstration projects submitted to the

Department of Health and Human

Services for the month of February,

1995. Federal approval for the proposals

has been requested pursuant to section

1115 of the Social Security Act. This

notice also lists proposals that were

previously submitted and are still

pending a decision and projects that

have been approved since February 1,

1995. The Health Care Financing

Administration is publishing a separate

notice for Medicaid only demonstration

projects.

Comments: We will accept written

comments on these proposals. We will,

if feasible, acknowledge receipt of all

comments, but we will not provide

written responses to comments. We

will, however, neither approve nor

disapprove any new proposal for at least

30 days after the date of this notice to

allow time to receive and consider

comments. Direct comments as

indicated below.

ADDRESSES: For specific information or

questions on the content of a project

contact the State contact listed for that

project.

Comments on a proposal or requests

for copies of a proposal should be

addressed to: Howard Rolston,

Administration for Children and

Families, 370 L’Enfant Promenade, SW.,

Aerospace Building, 7th Floor West,

Washington DC 20447. Fax: (202) 205–

3598, Phone: (202) 401–9220.

SUPPLEMENTARY INFORMATION:

I. Background

Under Section 1115 of the Social

Security Act (the Act), the Secretary of

Health and Human Services (HHS) may

approve research and demonstration

project proposals with a broad range of

policy objectives.

In exercising her discretionary

authority, the Secretary has developed a

number of policies and procedures for

reviewing proposals. On September 27,

1994, we published a notice in the

Federal Register (59 FR 49249) that

specified (1) the principles that we

ordinarily will consider when

approving or disapproving

demonstration projects under the

authority in section 1115(a) of the Act;

(2) the procedures we expect States to

use in involving the public in the

development of proposed demonstration

projects under section 1115; and (3) the

procedures we ordinarily will follow in

reviewing demonstration proposals. We

are committed to a thorough and

expeditious review of State requests to

conduct such demonstrations.

II. Listing of New and Pending

Proposals for the Month of February,

1994

As part of our procedures, we are

publishing a monthly notice in the

Federal Register of all new and pending

proposals. This notice contains

proposals for the month of February,

1994.

WAIVER TITLE: Arizona—Employing

and Moving People Off Welfare and

Encouraging Responsibility Program

DESCRIPTION: Would not increase

benefits for additional children

conceived while receiving AFDC;

limit benefits to adults to 24 months

in any 60 month period; allow

recipients to deposit up to $200/

month (with 50% disregarded) in

Individual Development Accounts;

require minor mothers to live with

parents; extend Transitional Child

Care and Medicaid to 24 months and

eliminate the 100-hour rule for AFDCU cases. Also, in a pilot site, would

provide individuals with short-term

subsidized public or private OJT

subsidized by grant diversion which

includes cashing-out Food Stamps

DATE RECEIVED: 8/3/94

TYPE: Combined AFDC/Medicaid

CURRENT STATUS: Pending

CONTACT PERSON: Gail A. Parin,

(602) 542–4702

WAIVER TITLE: California—Work Pays

Demonstration Project (Amendment)

DESCRIPTION: Would amend Work

Pays Demonstration Project by adding

provisions to: Reduce benefit levels

by 10% (but retaining the need level);

reduce benefits an additional 15%

after 6 months on assistance for cases

with an able-bodied adult; time-limit

assistance to able-bodied adults to 24

months, and not increase benefits for

children conceived while receiving

AFDC

DATE RECEIVED: 3/14/94

TYPE: AFDC

CURRENT STATUS: Pending

CONTACT PERSON: Glen Brooks, (916)

657–3291

WAIVER TITLE: California—AFDC and

Food Stamp Compatibility

Demonstration Project

DESCRIPTION: Would make AFDC and

Food Stamp policy more compatible

by making AFDC households

categorically eligible for Food Stamps;

allowing recipients to deduct 40

percent of self-employment income in

reporting monthly income;

disregarding $100 per quarter in nonrecurring gifts and irregular/

infrequent income; disregarding

undergraduate student assistance and

work study income if payments are

based on need; reinstating food stamp

benefits discontinued for failure to

file a monthly report when good cause

is found for the failure; and

simplifying vehicle valuation

methodology

DATE RECEIVED: 5/23/94

TYPE: AFDC

CURRENT STATUS: Pending

CONTACT PERSON: Michael C. Genest,

(916) 657–3546

WAIVER TITLE: California—Assistance

Payments Demonstration Project

(Amendment)

DESCRIPTION: Would amend the

Assistance Payments Demonstration

Project by: Exempting certain

categories of AFDC families from the

State’s benefit cuts; paying the exempt

cases based on grant levels in effect in

California on November 1, 1992; and

renewing the waiver of the Medicaid

maintenance of effort provision at

section 1902(c)(1) of the Social

Security Act, which was vacated by

the Ninth Circuit Court of Appeals in

its decision in Beno v. Shalala

DATE RECEIVED: 8/26/94

TYPE: Combined AFDC/Medicaid

CURRENT STATUS: Pending

CONTACT PERSON: Michael C. Genest,

(916) 657–3546

WAIVER TITLE: California—Work Pays

Demonstration Project (Amendment)

DESCRIPTION: Would amend the Work

Pays Demonstration Project by adding

provisions to not increasing AFDC

benefits to families for additional

children conceived while receiving

AFDC

DATE RECEIVED: 11/9/94

TYPE: AFDC

CURRENT STATUS: Pending

CONTACT PERSON: Eloise Anderson,

(916) 657–2598

WAIVE TITLE: California—School

Attendance Demonstration Project