25748 Federal Register / Vol. 74, No. 102 / Friday, May 29, 2009 / Notices 

1Copies of the Minutes of the Federal Open 

Market Committee at its meeting held on April 28 

and 29, 2009, which includes the domestic policy 

directive issued at the meeting, are available upon 

request to the Board of Governors of the Federal 

Reserve System, Washington, D.C. 20551. The 

minutes are published in the Federal Reserve 

Bulletin and in the Board’s annual report. 

[FR Doc. E9–12400 Filed 5–28–09; 8:45 am] 

BILLING CODE C 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisition of Shares of Bank 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 office 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 June 15, 

2009. 

A. Federal Reserve Bank of Chicago 

(Colette A. Fried, Assistant Vice 

President) 230 South LaSalle Street, 

Chicago, Illinois 60690–1414: 

1. Charles A. Adams, individually, 

Holly A. Bailey; Howell Paving, Inc.; 

and Howell–Adams Foundation, all of 

Mattoon, Illinois; as a group acting in 

concert, to acquire voting shares of First 

Mid Illinois Bancshares, Inc., and 

thereby indirectly acquire voting shares 

of First Mid Illinois Bank & Trust, 

National Association, both of Mattoon, 

Illinois. 

Board of Governors of the Federal Reserve 

System, May 26, 2009. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E9–12544 Filed 5–28–09; 8:45 am] 

BILLING CODE 6210–01–S 

FEDERAL RESERVE SYSTEM 

Federal Open Market Committee; 

Domestic Policy Directive of April 28 

and 29, 2009 

In accordance with § 271.25 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 April 28 and 29, 2009.1

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 of 0 to 1⁄4 percent. The 

Committee directs the Desk to purchase 

GSE debt GSE–guaranteed MBS, and 

longer–term Treasury securities during 

the intermeeting period with the aim of 

providing support to private credit 

markets and economic activity. The 

timing and pace of these purchases 

should depend on conditions in the 

markets for such securities and on a 

broader assessment of private credit 

market conditions. The Committee 

anticipates that the combination of 

outright purchases and various liquidity 

facilities outstanding will cause the size 

of the Federal Reserve’s balance sheet to 

expand significantly in coming months. 

The Desk is expected to purchase up to 

$200 billion in housing–related GSE 

debt by the end of this year. The Desk 

is expected to purchase at least $500 

billion in GSE–guaranteed MBS by the 

end of the second quarter of this year 

and is expected to purchase up to $1.25 

trillion of these securities by the end of 

this year. The Committee also directs 

the Desk to purchase longer–term 

Treasury securities during the 

intermeeting period. Over the next six 

months, the Desk is expected to 

purchase up to $300 billion of longer– 

term Treasury securities. 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, May 21, 2009. 

Brian F. Madigan, 

Secretary, Federal Open Market Committee. 

[FR Doc. E9–12478 Filed 5–28–09; 8:45 am] 

BILLING CODE 6210–01–S 

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 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 June 25, 2009. 

A. Federal Reserve Bank of Kansas 

City (Todd Offenbacker, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. International Brotherhood of 

Boilermakers, Iron Ship Builders, 

Blacksmiths, Forgers and Helpers, 

Kansas City, Kansas; to acquire up to 51 

percent of the voting shares of 

Brotherhood Bancshares, Inc., and 

thereby indirectly acquire voting shares 

of The Brotherhood Bank & Trust 

Company, both in Kansas City, Kansas. 

B. Federal Reserve Bank of San 

Francisco (Kenneth Binning, Vice 

President, Applications and 

Enforcement) 101 Market Street, San 

Francisco, California 94105–1579: 

1. Franklin Resources, Inc., San 

Mateo, California; to acquire 9.90 

percent of the voting shares of Black 

River BancVenture, Inc., Memphis, 

Tennessee, and thereby indirectly 

acquire voting shares of Allegiance Bank 

of North America, Bala Cynwyd, 

Pennsylvania; Bay Commercial Bank, 

Walnut Creek, California; Community 

Shores Bank, Muskegon, Michigan; 

Cornerstone Bank, Moorestown, New 

Jersey; Lakeside Community Bank, 

Sterling Heights, Michigan; and Quaint 

mstockstill on PROD1PC66 with NOTICES