Federal Register / Vol. 74, No. 16 / Tuesday, January 27, 2009 / Notices 4747 

1Copies of the Minutes of the Federal Open 

Market Committee at its meeting held on December 

15 and 16, 2008, 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. 

1. David Weir Wood, II, Laura Halsey 

Wood, John Halsey Wood, David Weir 

Wood, II, Sidney Wood Clap, Katherine 

Wood Hamilton, all of Birmingham, 

Alabama, and Susan Soule Wood, 

Pensacola, Florida; to acquire additional 

shares of Capital South Bancorp, and its 

subsidiary CapitalSouth Bank, both of 

Birmingham, Alabama. 

2. Harold B. Dunn, Birmingham, 

Alabama, Harold Crockett Dunn, 

Salinas, California, and Rebecca Dunn 

Bryant, Fairhope, Alabama; to acquire 

additional voting shares of CapitalSouth 

Bancorp, and its subsidiary, 

CapitalSouth Bank, both of Birmingham, 

Alabama. 

B. Federal Reserve Bank of Kansas 

City (Todd Offerbacker, Assistant Vice 

President) 925 Grand Avenue, Kansas 

City, Missouri 64198-0001: 

1. Matthew A. Michaelis, New York, 

New York, and Amy L. Madsen, 

Wichita, Kansas, as proposed trustees of 

the M.D. Michaelis Trust F, the Paula 

Sue Michaelis Trust F, the Matthew 

Michaelis Trust F, the Amy Loflin Trust 

F, and the Laura Haunschild Trust F, all 

dated October 27, 2003, Wichita, 

Kansas; to acquire voting shares of 

Emprise Financial Corporation, and 

thereby acquire shares of Emprise Bank, 

both in Wichita, Kansas. 

Board of Governors of the Federal Reserve 

System, January 22, 2009. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E9–1697 Filed 1–26–09; 8:45 am] 

BILLING CODE 6210–01–S 

FEDERAL RESERVE SYSTEM 

Federal Open Market Committee; 

Domestic Policy Directive of December 

15 and 16, 2008 

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 December 15 and 16, 2008.1

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 and agency–guaranteed MBS 

during the intermeeting period with the 

aim of providing support to the 

mortgage and housing markets. The 

timing and pace of these purchases 

should depend on conditions in the 

markets for such securities and on a 

broader assessment of conditions in 

primary mortgage markets and the 

housing sector. By the end of the second 

quarter of next year, the Desk is 

expected to purchase up to $100 billion 

in housing–related GSE debt and up to 

$500 billion in agency–guaranteed MBS. 

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, January 14, 2009. 

Brian F. Madigan, 

Secretary, Federal Open Market Committee. 

[FR Doc. E9–1603 Filed 1–26–09; 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 February 20, 

2009. 

A. Federal Reserve Bank of Boston 

(Richard Walker, Community Affairs 

Officer) P.O. Box 55882, Boston, 

Massachusetts 02106-2204: 

1. Independent Bank Corp., Rockland, 

Massachusetts; to merge with Benjamin 

Franklin Bancorp, Inc., and thereby 

acquire its subsidiary bank, Benjamin 

Franklin Bank, both of Franklin, 

Massachusetts. 

B. Federal Reserve Bank of 

Richmond (A. Linwood Gill, III, Vice 

President) 701 East Byrd Street, 

Richmond, Virginia 23261-4528: 

1. Live Oak Bancshares, Inc., 

Wilmington, North Carolina; to become 

a bank holding company by acquiring 

100 percent of the voting shares of Live 

Oak Banking Company, Wilmington, 

North Carolina. 

C. Federal Reserve Bank of Kansas 

City (Todd Offerbacker, Assistant Vice 

President) 925 Grand Avenue, Kansas 

City, Missouri 64198-0001: 

1. Manhattan Banking Corporation, 

Manhattan, Kansas; to acquire 5.4 

percent of the voting shares of Sonoran 

Bank, National Association, Phoenix 

Arizona. 

2. Manhattan Banking Corporation, 

Manhattan, Kansas; to retain 5.1 percent 

of the voting shares of BOTS, Inc., and 

thereby retain shares of Vision Bank, 

both of Topeka Kansas. 

Board of Governors of the Federal Reserve 

System, January 22, 2009. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E9–1698 Filed 1–26–09; 8:45 am] 

BILLING CODE 6210–01–S 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Agency Information Collection 

Request; 30-Day Public Comment 

Request, Grants 

AGENCY: Office of the Secretary, HHS. 

Agency Information Collection 

Request; 30-Day Public Comment 

Request, Grants. 

In compliance with the requirement 

of section 3506(c)(2)(A) of the 

Paperwork Reduction Act of 1995, the 

Office of the Secretary (OS), Department 

of Health and Human Services, is 

mstockstill on PROD1PC66 with NOTICES6