Notices. Notice of Public Meetings SUMMARY: Two public meetings will be held regarding the application submitted by J

5,100 words·~23 min read·/register/2004/04/05/04-7687

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

BILLING CODE 6705-01-P FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Agency Meeting Pursuant to the provisions of the “Government in the Sunshine Act” (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 10 a.m. on Tuesday, April 6, 2004, to consider the following matters: Summary Agenda No substantive discussion of the following items is anticipated. These matters will be resolved with a single vote unless a member of the Board of Directors requests that an item be moved to the discussion agenda.

Disposition of minutes of previous Board of Directors' meetings. Summary reports, status reports, and reports of actions taken pursuant to authority delegated by the Board of Directors. Memorandum and resolution re: Interim Final Rule Amending Part 335 to Require Electronic Filing of Beneficial Ownership Reports Memorandum and resolution re: Part 352—Final Rule Amending the FDIC's Rehabilitation Act Regulation Memorandum and resolution re: Amendment to Interim Final Rule: Part 325, Extension of Interim Capital Treatment of Consolidated Asset-Backed Commercial Paper Program Assets Discussion Agenda Memorandum and resolution re:

Notice of Proposed Rulemaking re: Whether Funds Underlying Stored Value Cards Qualify as Insurable “Deposits” Memorandum and resolution re: Notice of Proposed Rulemaking—12 CFR part 334: Medical Privacy Regulations under the Fair and Accurate Credit Transactions Act of 2003 The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550—17th Street, NW., Washington, DC. The FDIC will provide attendees with auxiliary aids ( *e.g.,* sign language interpretation) required for this meeting.

Those attendees needing such assistance should call

(202)416-2089 (Voice);

(202)416-2007 (TTY), to make necessary arrangements. Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at

(202)898-7043. Dated: March 30, 2004. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. E4-742 Filed 4-02-04; 8:45 am] BILLING CODE 6714-01-P FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Agency Meeting Pursuant to the provisions of the “Government in the Sunshine Act” (5 U.S.C. 552b), notice is hereby given that at 10:30 a.m. on Tuesday, April 6, 2004, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to sections 552b(c)(2) and (c)(10) of Title 5, United States Code, to consider matters relating to the Corporation's corporate activities. The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550—17th Street, NW., Washington, DC. Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at

(202)898-7043. Dated: March 30, 2004. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. E4-743 Filed 4-02-04; 8:45 am] BILLING CODE 6714-01-P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB AGENCY: Board of Governors of the Federal Reserve System SUMMARY: Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the Public). Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the OMB 83-Is and supporting statements and approved collection of information instrument(s) are placed into OMB's public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. FOR FURTHER INFORMATION CONTACT: Douglas Carpenter, Supervisory Financial Analyst (202-452-2205) or Wanda Dreslin, Supervisory Financial Analyst (202-452-3515) for information concerning the specific bank holding company reporting requirements. The following may also be contacted regarding the information collection: Acting Federal Reserve Board Clearance Officer - Michelle Long-Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202-452-3829) OMB Desk Officer - Joseph Lackey-Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503 SUPPLEMENTARY INFORMATION: Final approval under OMB delegated authority the revision, without extension, of the following reports: *Report title:* Financial Statements for Bank Holding Companies. *Agency form numbers:* FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9CS, and FR Y-9ES. *OMB control number:* 7100-0128. *Frequency:* Quarterly, semiannually, and annually. *Reporters:* Bank holding companies (BHCs). *Annual reporting hours:* 369,113. *Estimated average hours per response:* FR Y-9C: 34.80 hours, FR Y-9LP: 4.75 hours, FR Y-9SP: 4.09 hours, FR Y-9CS: 30 minutes, FR Y-9ES: 30 minutes. *Number of respondents:* FR Y-9C: 2,113, FR Y-9LP: 2,455, FR Y-9SP: 3,312, FR Y-9CS: 600; FR Y-9ES: 92. *General description of report:* This information collection is mandatory (12 U.S.C. 1844(c)). Confidential treatment is not routinely given to the data in these reports. However, confidential treatment for the reporting information, in whole or in part, can be requested in accordance with the instructions to the form. *Abstract:* The FR Y-9C consists of standardized consolidated financial statements similar to the Federal Financial Institutions Examination Council (FFIEC) Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031 & 041; OMB No.7100-0036). The FR Y-9C is filed quarterly by top-tier BHCs that have total assets of $150 million or more and by lower-tier BHCs that have total consolidated assets of $1 billion or more. In addition, multibank holding companies with total consolidated assets of less than $150 million with debt outstanding to the general public or engaged in certain nonbank activities must file the FR Y-9C. The FR Y-9LP includes standardized financial statements filed quarterly on a parent company only basis from each BHC that files the FR Y-9C. In addition, for tiered BHCs, a separate FR Y-9LP must be filed for each lower tier BHC. The FR Y-9SP is a parent company only financial statement filed semiannually by one-bank holding companies with total consolidated assets of less than $150 million, and multibank holding companies with total consolidated assets of less than $150 million that meet certain other criteria. This report, an abbreviated version of the more extensive FR Y-9LP, is designed to obtain basic balance sheet and income statement information for the parent company, information on intangible assets, and information on intercompany transactions. The FR Y-9CS is a free form supplement that may be utilized to collect any additional information deemed to be critical and needed in an expedited manner. It is intended to supplement the FR Y-9C and FR Y-9SP reports. The FR Y-9ES is filed annually by BHCs that are Employee Stock Ownership Plans (ESOPs). *Current Actions:* 369,113. On December 15, 2003, the Federal Reserve issued for public comment proposed revisions to bank holding company reports (68 FR 69700). The comment period expired on February 13, 2004. The Federal Reserve received comment letters from one bank holding company (BHC), one trade association and a Federal Reserve district bank. The comments received are addressed below. Voluntary Advance Collection of Summary FR Y-9C Data from the Largest BHCs The Federal Reserve proposed to incorporate into the FR Y-9C information collection the advance collection of key FR Y-9C summary items from selected large BHCs. These data would be collected in advance of the regular FR Y-9C filing deadline on a voluntary, as-needed basis to supplement information published in BHC press releases. Generally, commenters recognized the need for this data and indicated that they could provide the information requested. One commenter asked that the Federal Reserve limit any expansion in scope of the data collection, and subject any changes in scope to the report approval process. The amount of information collected from each BHC in any quarter will vary depending on the nature of the items in question, their relevance to the BHC, and the basis of presentation used in the BHC's press release. Also, the items collected may change over time, particularly if the manner in which financial information is communicated in press releases begins to diverge more significantly from the manner in which data are presented in the FR Y-9C. However, the information to be collected is generally available in the BHC's management information systems. Accordingly, even with such changes, this information collection would not exceed the estimated average burden of 30 minutes per respondent without being subject to the report approval process (including a formal notice and comment period). Another commenter sought confirmation that the timing for the collection of this information will not change when the FR Y-9C filing deadline is accelerated effective with the June 30, 2004, reporting date. The change in filing deadlines will not affect the timing of the collection of advance data from the largest BHCs. The commenter also sought confirmation that collection of this information would be granted permanent confidential treatment. Collection of this information will be held as confidential, any change to this treatment would be subject to the report approval process (including a formal notice and comment period). Reporting of Trust Preferred Securities The Federal Reserve proposed to modify the definition of Schedule HC, Balance Sheet, item 20, “Other liabilities,” and Schedule HC-G, Other Liabilities, item 4, “Other,” to include information on trust preferred securities. This information would no longer be included in Schedule HC, item 22, “Minority interest in consolidated subsidiaries and similar items.” BHCs were advised that this proposed reporting change does not represent any change to the risk-based capital treatment for trust preferred securities. Consistent with guidance previously provided in Federal Reserve Supervisory Letter SR 03-13 of July 2, 2003, BHCs should continue to include eligible trust preferred securities in their tier 1 capital for regulatory capital purposes until further notice is given to the contrary. The amounts qualifying for inclusion in tier 1 capital should be reported in Schedule HC-R, Regulatory Capital, item 6, in accordance with the reporting instructions. The Federal Reserve will review the regulatory implications of any accounting treatment changes and, if necessary or warranted, will provide further appropriate guidance. One commenter supported this change and further recommended that trust preferred securities be reported in a new line item on Schedule HC-R, stating that inclusion of a separate line within Schedule HC-R will help clarify the capital treatment and overall computation of tier 1 capital. The Federal Reserve supports this change and will add a new item 6.b to Schedule HC-R, “Qualifying trust preferred securities.” Current Schedule HC-R, item 6, “Qualifying minority interests in consolidated subsidiaries” will be renumbered as item 6.a. The reporting of a separate line item for qualifying trust preferred securities on HC-R will clarify that tier 1 capital treatment of these securities has not changed at this time even though they have been reclassified from minority interest to other liabilities on the balance sheet. Another commenter inquired about the reporting impact of Financial Accounting Standards Board

(FASB)Financial Interpretation No. 46, “Consolidation of Variable Interest Entities,” (FIN 46) issued in 2003, for the deconsolidation of special purpose entities used to issue trust preferred securities. BHCs are encouraged to consult with their external auditor on the appropriate application of generally accepted accounting principles (GAAP), including FIN 46 and revised FIN 46 (FIN 46R), on the consolidation or deconsolidation of trusts issuing trust preferred stock for financial statements and regulatory reporting. Consistent with their GAAP determination and SR 03-13, BHCs that deconsolidate such trusts for financial reporting purposes should include the full amount of the deeply subordinated note issued to the trust in Schedule HC, Balance Sheet, item 20, “Other liabilities,” and Schedule HC-G, Other Liabilities, item 4, “Other,” and the BHCs investment in the special purpose subsidiary should be reported in Schedule HC, item 8, “Investments in unconsolidated subsidiaries and associated companies.” The amount of the subordinated note issued to the trust, net of the BHC's investment in the special purpose subsidiary, is equivalent to the amount of the trust preferred securities issued. The net amount (that qualifies for inclusion in tier 1 capital) should be reported in new item 6.b and in memoranda item 3.d, “Other cumulative preferred stock eligible for inclusion in Tier 1 capital.” Editing of Data by Respondents The Federal Reserve proposed to require data validation checks to be performed by respondents in conjunction with the electronic submission of the FR Y-9 reports (except for the FR Y-9CS) as a condition for the accepted filing of the reports. Implementation of this requirement is targeted for the September 30, 2004, reporting date for FR Y-9C and FR Y-9LP respondents and for the December 31, 2004, reporting date for FR Y-9SP and FR Y-9ES respondents. Two commenters expressed concerns that thorough testing be conducted sufficiently before the implementation of this requirement. The Federal Reserve will conduct thorough testing of the enhanced internet submission facility (IESUB), and the enhanced IESUB will be available to respondents and software vendors for testing approximately three months prior to implementation. One commenter sought assurance from the Federal Reserve that BHCs will be allowed to use enhanced vendor software to perform quality edit checks and transmit edit explanations to the Federal Reserve. The Federal Reserve will provide specifications and guidance for creating files containing the data and edit explanations that can be uploaded to IESUB to any interested BHCs and software vendors. However, the Federal Reserve cannot warrant the availability or performance of software provided by private corporations. This commenter also sought confirmation that explanatory comments that address any quality edit exceptions would be granted permanent confidential treatment. Collection of this information will be held as confidential. Any change to this treatment would be subject to the report approval process (including a formal notice and comment period). BHCs interested in learning more about IESUB submission options and in obtaining updates on data editing enhancements as they become available are encouraged to go to the Web site www.reportingandreserves.org for additional information. Board of Governors of the Federal Reserve System, March 30, 2004. Jennifer J. Johnson Secretary of the Board. [FR Doc. E4-751 Filed 4-2-04; 8:45 am] BILLING CODE 6210-01-S FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Proposed Collection; Comment Request AGENCY: Board of Governors of the Federal Reserve System SUMMARY: On June 15, 1984, the Office of Management and Budget

(OMB)delegated to the Board of Governors of the Federal Reserve System (Board) its approval authority under the Paperwork Reduction Act, as per 5 CFR 1320.16, to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board under conditions set forth in 5 CFR 1320 Appendix A.1. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the OMB 83-Is and supporting statements and approved collection of information instruments are placed into OMB's public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. Request for comment on information collection proposals. The following information collections, which are being handled under this delegated authority, have received initial Board approval and are hereby published for comment. At the end of the comment period, the proposed information collections, along with an analysis of comments and recommendations received, will be submitted to the Board for final approval under OMB delegated authority. Comments are invited on the following: a. whether the proposed collection of information is necessary for the proper performance of the Federal Reserve's functions; including whether the information has practical utility; b. the accuracy of the Federal Reserve's estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; c. ways to enhance the quality, utility, and clarity of the information to be collected; and d. ways to minimize the burden of information collection on respondents, including through the use of automated collection techniques or other forms of information technology. DATES: Comments must be submitted on or before June 4, 2004. ADDRESSES: Comments should be mailed to Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, N.W., Washington, DC 20551. Please consider submitting your comments through the Board's web site at *http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm* ; by e-mail to regs.comments@federalreserve.gov; or by fax to the Office of the Secretary at (202)452-3819 or

(202)452-3102. Rules proposed by the Board and other federal agencies may also be viewed and commented on at www.regulations.gov. All public comments are available from the Board's web site at *http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm* as submitted, except as necessary for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room MP-500 of the Board's Martin Building (C and 20th Streets NW.) between 9 a.m. and 5 p.m. on weekdays. A copy of the comments may also be submitted to the OMB desk officer for the Board: Joseph Lackey, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 3208, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and instructions, the Paperwork Reduction Act Submission (OMB 83-I), supporting statement, and other documents that will be placed into OMB's public docket files once approved may be requested from the agency clearance officer, whose name appears below. Michelle Long, Acting Federal Reserve Board Clearance Officer,

(202)452-3829, Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551. Telecommunications Device for the Deaf

(TDD)users may contact

(202)263-4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. SUPPLEMENTARY INFORMATION: Proposal to Approve Under OMB Delegated Authority The Extension For Three Years, Without Revision, Of The Following Reports *1. Report title:* Notice of Proposed Stock Redemption. *Agency form number:* FR 4008. *OMB control number:* 7100-0131. *Frequency:* On occasion. *Reporters:* Bank holding companies. *Annual reporting hours:* 171 hours. *Estimated average hours per response:* 15.5 hours. *Number of respondents:* 11. *General description of report:* This information collection is mandatory (12 U.S.C. § 1844(c)) and is generally not given confidential treatment. *Abstract:* The Federal Reserve requires certain bank holding companies (BHCs), based on an amount of redemptions over a defined period, to give written notice to the appropriate Reserve Bank before purchasing or redeeming their equity securities. There is no formal reporting form. The Federal Reserve uses the information to fulfill its statutory obligation to supervise BHCs. *2. Report title:* Notice Claiming Status as an Exempt Transfer Agent *Agency form number:* FR 4013. *OMB control number:* 7100-0137. *Frequency:* On occasion. *Reporters:* Banks, bank holding companies (BHCs), and certain trust companies. *Annual reporting hours:* 6 hours. *Estimated average hours per response:* 2 hours. *Number of respondents:* 3. *General description of report:* This information collection is voluntary (15 U.S.C. 78q-1(c)(1)) and the Federal Reserve is authorized to collect this data (15 U.S.C. 78c (a)(34)(B)(ii)). The data collected are not given confidential treatment. *Abstract:* Banks, BHCs, and trust companies subject to the Federal Reserve's supervision that are low-volume transfer agents voluntarily file the notice on occasion with the Federal Reserve. Transfer agents are institutions that provide securities transfer, registration, monitoring, and other specified services on behalf of securities issuers. The purpose of the notice, which is effective until the agent withdraws it, is to claim exemption from certain rules and regulations of the Securities and Exchange Commission (SEC). The Federal Reserve uses the notices for supervisory purposes because the SEC has assigned to the Federal Reserve responsibility for collecting the notices and verifying their accuracy through examinations of the respondents. The notice is made by letter; there is no reporting form. *3. Report title:* Reports Related to Securities Issued by State Member Banks as Required by Regulation H. *Agency form number:* Reg H-1. *OMB control number:* 7100-0091. *Frequency:* On occasion. *Reporters:* State member banks. *Annual reporting hours:* 1,390 hours. *Estimated average hours per response:* 5.11 hours. *Number of respondents:* 16. *General description of report:* This information collection is mandatory (15 U.S.C. 781(i)) and is not given confidential treatment. *Abstract:* The Federal Reserve's Regulation H requires certain state member banks to submit information relating to their securities to the Federal Reserve on the same forms that bank holding companies and nonbank entities use to submit similar information to the Securities and Exchange Commission. The information is primarily used for public disclosure and is available to the public upon request. Board of Governors of the Federal Reserve System, March 30, 2004. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E4-761 Filed 4-2-04; 8:45 am] BILLING CODE 6210-01-S 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 April 19, 2004. **A. Federal Reserve Bank of Cleveland** (Nadine W. Wallman, Assistant Vice President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566: *1. Clay M. and Bernice H. Corman* , Nicholasville, Kentucky; to retain voting shares of Citizens National Bancshares, Inc., Nicholasville, Kentucky, and thereby indirectly retain voting shares of Citizens National Bank of Jessamine County, Nicholasville, Kentucky. **B. Federal Reserve Bank of Atlanta** (Sue Costello, Vice President) 1000 Peachtree Street, NE., Atlanta, Georgia 30303: *1. Old Post Road, L.P.* , Madison, Georgia; Floyd C. Newton, Jr., Madison, Georgia, and Floyd C. Newton, III, Atlanta, Georgia; to acquire voting shares of Madison Bank Corporation, and thereby indirectly acquire voting shares of Bank of Madison, Madison, Georgia. **C. Federal Reserve Bank of Minneapolis** (Jacqueline G. Nicholas, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291: *1. Victor Philip Reim* , St. Paul, Minnesota; Erick John Reim, Vadnais Heights, Minnesota; Ann Reim Woessner, Roseville, Minnesota; and Amy Lynn Amundson, Alexandria, Minnesota, to acquire control of Alliance Financial Services, Inc., St. Paul, Minnesota, and thereby indirectly acquire control of American Bank, Eau Claire, Wisconsin; American Bank Lake City, Lake City, Minnesota; and Alliance Bank, New Ulm, Minnesota. Board of Governors of the Federal Reserve System, March 30, 2004. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E4-749 Filed 4-2-04; 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 application 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 Web site 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 April 29, 2004. **A. Federal Reserve Bank of Chicago** (Patrick Wilder, Managing Examiner) 230 South LaSalle Street, Chicago, Illinois 60690-1414: *1. CSBC Financial Corporation* , Cropsey, Illinois; to become a bank holding company by acquiring 100 percent of the voting shares of Citizens State Bank of Cropsey, Cropsey, Illinois. Board of Governors of the Federal Reserve System, March 30, 2004. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E4-750 Filed 4-2-04; 8:45 am] BILLING CODE 6210-01-S FEDERAL RESERVE SYSTEM Public Meeting: Application by J. P. Morgan Chase & Co., New York, New York, to Merge with Bank One Corporation, Chicago, Illinois AGENCY: Federal Reserve System ACTION: Notice of Public Meetings SUMMARY: Two public meetings will be held regarding the application submitted by J. P. Morgan Chase & Co., New York, New York, to merge with Bank One Corporation, Chicago, Illinois, and acquire its banking and nonbanking subsidiaries pursuant to the Bank Holding Company Act (“BHC Act”) and related statutes. The purpose of the public meetings is to collect information relating to factors the Board is required to consider under the BHC Act. DATES AND TIMES: The New York meeting will be held on Thursday, April 15, 2004, at 9:00 a.m. Eastern Time. The Chicago meeting will be held on Friday, April 23, 2004, at 8:30 a.m. Central Time. ADDRESSES: The public meeting in New York will be held at the Federal Reserve Bank of New York, 33 Liberty Street, New York, New York, and will begin at 9:00 a.m. Eastern Time. The public meeting in Chicago will be held at the Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois, and will begin at 8:30 a.m. Central Time. FOR FURTHER INFORMATION CONTACT: For the New York meeting, contact John G. Ricketti, Vice President, Federal Reserve Bank of New York, 33 Liberty Street, New York, New York 10045 (facsimile: 212/720-2845). For the Chicago meeting, contact Alicia Williams, Vice President, Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604 (facsimile: 312/913-2626). SUPPLEMENTARY INFORMATION: On February 9, 2004, J. P. Morgan Chase & Co. (“J. P. Morgan”) requested the Board's approval under the BHC Act (12 U.S.C. 1841 et seq.) and related statutes to merge with Bank One. The Board hereby orders that public meetings on the J. P. Morgan/Bank One proposal be held in New York, New York, and Chicago, Illinois. Purpose and Procedures The purpose of the public meetings is to collect information relating to factors the Board is required to consider under the BHC Act. These factors are

(1)the effects of the proposal on the financial and managerial resources and future prospects of the companies and banks involved in the proposal,

(2)competition in the relevant markets, and

(3)the convenience and needs of the communities to be served. Convenience and needs considerations include a review of the records of performance of J.P. Morgan and Bank One under the Community Reinvestment Act, which requires the Board to take into account in its review of a bank acquisition or merger proposal each institution's record of meeting the credit needs of its entire community, including low-and moderate-income neighborhoods, consistent with the safe and sound operation of the institution. 12 U.S.C. 2903. Procedures for Hearing Testimony at the public meeting will be presented to a panel consisting of a Presiding Officer and other panel members appointed by the Presiding Officer. In conducting the public meeting, the Presiding Officer will have the authority and discretion to ensure that the meeting proceeds in a fair and orderly manner. In contrast to a formal administrative hearing, the rules for taking evidence in an administrative proceeding will not apply to this public meeting. Panel members may question witnesses, but no cross-examination of witnesses will be permitted. The public meeting will be transcribed and information regarding procedures for obtaining a copy of the transcript will be announced at the public meeting. On the basis of the requests received, the Presiding Officer will prepare a schedule for persons wishing to testify and establish the order of presentation. To ensure an opportunity for all interested commenters to present their views, the Presiding Officer may limit the time for presentations. At the discretion of the Presiding Officer, persons not listed on the schedule may be permitted to speak at the public meeting if time permits at the conclusion of the schedule of witnesses. Copies of testimony may, but need not, be filed with the Presiding Officer before a person's presentation. Request to Testify All persons wishing to testify at the meeting to be held in New York must submit a written request to John G. Ricketti, Vice President, Federal Reserve Bank of New York, 33 Liberty Street, New York, New York 10045 (facsimile: 212/720-2845) not later than close of business on Monday, April 5, 2004. All persons wishing to testify at the meeting to be held in Chicago, must submit a written request to Alicia Williams, Vice President, Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604 (facsimile: 312/913-2626) not later than close of business on Monday, April 5, 2004. The request must include the following information:

(i)identification of which meeting the participant wishes to attend;

(ii)a brief statement of the nature of the expected testimony (including whether the testimony will support or oppose the proposed transaction, or provide other comment on the proposal) and the estimated time required for the presentation;

(iii)address and telephone number (and facsimile number and e-mail address, if available) of the person testifying; and

(iv)identification of any special needs, such as from persons desiring translation services, persons with a physical disability who may need assistance, or persons requiring visual aids for their presentation. To the extent feasible, translators will be provided to persons wishing to present their views in a language other than English if this information is included in the request to testify. Persons interested only in attending the meeting but not testifying need not submit a written request to attend. By order of the Board of Governors acting through the General Counsel pursuant to delegated authority, effective March 31, 2004. Jennifer J. Johnson, Secretary of the Board [FR Doc. 04-7687 Filed 4-2-04; 8:45 am]

Connectionstraces to 11

Traces to 11 documents

U.S. Code