Notices. Notice
3,257 words·~15 min read·
/register/2006/02/07/06-1088A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 6705-01-P 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 February 22, 2006. **A. Federal Reserve Bank of San Francisco** (Tracy Basinger, Director, Regional and Community Bank Group) 101 Market Street, San Francisco, California 94105-1579: *1. David W. Lanza, Roy E.
Lanza, David W. Lanza Trust, Roy and Sondra Lanza Family Trust, Colusa Motor Sales, Inc., Hust Brothers, Inc., Marysville Auto Parts, Inc. and Yuba Street Ventures, LLC* , all of Marysville, California; to acquire additional voting shares of Gold Country Financial Services, Inc., and thereby indirectly acquire shares of Gold Country Bank, N.A., both of Marysville, California. Board of Governors of the Federal Reserve System, February 2, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc.
E6-1635 Filed 2-6-06; 8:45 am] BILLING CODE 6210-01-S FEDERAL RESERVE SYSTEM [Docket No. OP—1249] Rules Relating to Branches of Federal Reserve Banks AGENCY: Board of Governors of the Federal Reserve System. ACTION: Notice. SUMMARY: The Board of Governors has reviewed and revised its Rules Relating to Branches of Federal Reserve Banks in light of the existing scope of, and other System-wide policies and procedures concerning, Federal Reserve branch operations. These revisions are designed to enable more efficient governance of Federal Reserve Bank branches and to streamline Federal Reserve System policies and procedures regarding branches.
DATES: The amendments became effective on January 30, 2006. FOR FURTHER INFORMATION CONTACT: Adrianne G. Threatt, Counsel (202/452-3554), Legal Division, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, NW., Washington, DC 20551. Users of Telecommunication Device for Deaf
(TDD)*only* , call 202/263-4869. SUPPLEMENTARY INFORMATION: Background and Summary of Amendments The Federal Reserve Act
(Act)states that the Board may permit or require any Federal Reserve Bank to establish branches within its Federal Reserve District, and that such branches, subject to the rules and regulations of the Board, must be operated under a board of directors. *See* 12 U.S.C. 521. The Act also provides that the Board at any time may require any Federal Reserve Bank to discontinue a branch, which then must be wound up in accordance with the rules and regulations of the Board. *Id.* The Board initially adopted its Rules Relating to Branches of Federal Reserve Banks (Branch Rule) in 1940, primarily to provide a uniform framework governing the appointment and responsibilities of branch directors. The Board most recently amended the Branch Rule in 1978 to conform the director-related provisions of the rule to the Federal Reserve Reform Act of 1977. *See* 43_ FR 29189 ( July 6, 1978). The current revisions to the Branch Rule are designed to bring the rule up to date with the current role of Reserve Bank branches within the Federal Reserve System and to conform the Branch Rule to the other Federal Reserve policies and procedures that affect branches. When the Board initially adopted the Branch Rule, most Reserve Bank branches generally provided many of the banking services offered by their head offices. Today, however, improvements in technology permit the Reserve Banks to offer a comparable level of nationwide services with a reduced physical presence and at a lower cost. In addition, most decisions that affect the operational scope of Reserve Bank branches are handled through a coordinated process, set forth in the Federal Reserve Administrative Manual (FRAM), that includes involvement by the Board and its staff as appropriate. Moreover, the Board recently conducted a System-wide review of the general policies that govern all directors associated with Federal Reserve Banks, including the directors of Federal Reserve branches, and adopted changes to its policies concerning branch directors as part of that review. Section 3 of the revised Branch Rule reflects that responsibility for management of the branches rests largely with the Reserve Bank and not with the board of directors of the branch. The Board has revised the Branch Rule so that it reflects more accurately the current organization of Reserve Bank operations and better coordinates with other relevant policies and procedures. Highlights of the amendments include the following: *1. Branch territory and functions.* The Board removed provisions of the Branch Rule that required Board approval for changes in the territory served by a branch and for substantial changes in the authority or functions of a branch. Currently, the overall scope of a branch's operations does not necessarily correlate to its generally assigned territory, and proposed territory and function changes are reviewed thoroughly through the above-mentioned procedures set forth in the FRAM. The Board has, however, added a sentence stating the Act's requirement that a Reserve Bank may neither establish nor discontinue a branch without Board approval. *2. Branch directors.* The Board has eliminated the requirement for prior Board approval for a Reserve Bank to change the number of directors of a branch from seven to five (or vice versa) and has liberalized the qualification requirements for branch directors that are appointed by the Board. These changes should enable Reserve Banks more easily to obtain a board of directors that can serve the needs of a particular branch effectively. The Board also has simplified the provisions regarding director terms and made the term limit for branch directors consistent with that for Reserve Bank directors. The Board has deleted the quorum rule that previously applied to meetings of branch directors and has replaced a provision requiring branch directors to meet at least ten times per year with a rule requiring them to meet as set forth in the Reserve Bank by-laws. *3. Officers, supplemental instructions, and Reserve Bank/branch relations generally.* The Board has revised and consolidated into a single section the previously existing provisions concerning the relationship between the branch, the Reserve Bank, and the Board. These include
(1)a provision stating that the branch directors carry out their duties subject to the direction and control of the Reserve Bank and subject to the Board's rules,
(2)a provision clarifying that the Reserve Bank, rather than the branch board of directors, is responsible for appointing branch officers and that officers serve at the pleasure of the Board, and
(3)a provision stating that the Reserve Bank may adopt additional instructions or by-laws, consistent with the Branch Rule, concerning branch operations. The revisions to these provisions are intended to describe more accurately the current organization and operation of branches and their role within the Federal Reserve System. Procedural Considerations The Branch Rule is an uncodified rule issued for use within the Federal Reserve System pursuant to Section 3 of the Act. *See* 5 U.S.C. 521. The Board's amendments relate solely to the internal organization and procedures of the Federal Reserve System, particularly the operation of Federal Reserve Banks; accordingly, the public notice, public comment, and delayed effective date provisions of the Administrative Procedure Act do not apply. *See* 5 U.S.C. 553(b) and (d). Because public notice and comment are not required, the Regulatory Flexibility Act also does not apply to this action. *See* 5 U.S.C. 601 *et seq.* For the reasons stated above, the Board has adopted amendments to the Branch Rule, and the amended rule in its entirety reads as follows: Regulations Relating to Branches of Federal Reserve Banks Section 1—Branches Generally A Reserve Bank may conduct business through a branch that is established in accordance with section 3 of the Federal Reserve Act. The title of each branch shall include the name of the city or metropolitan area in which it is situated and the name of the Federal Reserve Bank of which it is a branch, such as “Detroit Branch of the Federal Reserve Bank of Chicago.” A Reserve Bank may not establish or discontinue a branch unless the Board of Governors specifically has approved or directed that action. Section 2—Directors of Branches
(a)*Number of directors.* The board of directors of each branch of a Federal Reserve Bank shall consist of seven members or five members, as may be determined by the Federal Reserve Bank. The Federal Reserve Bank shall appoint four members of a seven-member board and three members of a five-member board. The Board of Governors shall appoint the remainder of the board members.
(b)*Qualifications of directors.*
(1)Directors shall be selected without discrimination on the basis of race, creed, color, sex, or national origin.
(2)The directors appointed by the Federal Reserve Banks shall be persons who meet the personal and occupational qualifications of class A or B Reserve Bank directors.
(3)The directors appointed by the Board of Governors shall be persons who meet the personal and occupational qualifications of class C Reserve Bank directors, except that—
(i)Board-appointed branch directors may be stockholders in banks and bank holding companies and may be advisory directors of a bank or bank holding company; and
(ii)One branch director appointed by the Board may, in extenuating circumstances and at the request of a Reserve Bank, be a director (but not an officer or employee) of a bank or bank holding company.
(4)No director of a Federal Reserve Bank shall serve as a director of a branch of the Bank during his or her service as a director of the Federal Reserve Bank.
(5)Each director shall be a citizen of the United States and shall reside or have a significant occupational interest within the territory served by the branch.
(c)*Terms of directors.* The term of office of directors shall be three years. In order to make practicable an orderly rotation of branch directorships, the terms of directors shall be arranged such that—
(1)Less than a majority of the terms expire in any year;
(2)If an even number of terms expire in any year, at least one of those terms is of a director appointed by the Board of Governors;
(3)If an odd number of terms expire in any year, a majority of those terms are of directors appointed by the Reserve Bank.
(d)*Limitation on years of service.* A branch director will not be reappointed if he or she has served two full terms each, or if, by the end of the new term, the individual would have served as a branch director for more than seven years of continuous service. The Board may grant exceptions where appropriate, but would expect to do so only in limited circumstances.
(e)*Chairman.* The Federal Reserve Bank shall provide for the annual designation, in such manner as it may prescribe, of one of the members of the board of directors of each branch appointed by the Board of Governors as the chairman of the board.
(f)*Vacancies.* In the event of a vacancy occurring in the board of directors of a branch of a Federal Reserve Bank, the appointment to fill such vacancy shall be made by the body making the original appointment and such appointment shall be for the unexpired term.
(g)*Removal of directors.* As provided in section 3 of the Federal Reserve Act, directors of branches of Federal Reserve Banks hold office at the pleasure of the Board of Governors.
(h)*Meetings.* The board of directors of a branch shall meet according to the schedule set by the Federal Reserve Bank.
(i)*Fees and allowances.* The fees and allowances to be paid to directors of the branch for attendance at meetings of the board of directors of the branch or any committees of the branch shall be subject to the approval of the Board of Governors. Section 3—Relationship Between Branches and Reserve Banks
(a)*Operation of branches.*
(1)Supervision of the operations of a branch shall be subject to the direction and control of the Federal Reserve Bank of the district and rules, regulations, policies, and procedures of the Board of Governors.
(2)The Federal Reserve Bank of the district shall appoint such officers for each branch as the Bank from time to time deems necessary.
(3)All offficers and employees of a branch shall be subject to the same employment and compensation policies and procedures that the Board of Governors applies to officers and employees, respectively, of a Federal Reserve Bank, and all branch officers shall be subject to removal by the Board of Governors.
(b)*Supplemental instructions.* Each Federal Reserve Bank may issue instructions or adopt by-laws, not inconsistent with the law or these regulations, containing such further provisions with regard to the operation of its branches as it may deem advisable. By order of the Board of Governors of the Federal Reserve System, January 31, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6-1547 Filed 2-6-06; 8:45 am] BILLING CODE 6210-01-P DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Disease Control and Prevention Statement of Organization, Functions, and Delegations of Authority Part C (Centers for Disease Control and Prevention) of the Statement of Organization, Functions, and Delegations of Authority of the Department of Health and Human Services (45 FR 67772-76, dated October 14, 1980, and corrected at 45 FR 69296, October 20, 1980, as amended most recently at 70 FR 72842-72843, dated December 15, 2005) is amended to reorganize the Management Analysis and Services Office. Section C-B, Organization and Functions, is hereby amended as follows: After the title for the *Management Analysis and Services Office (CAJG)* , delete the functional statement and insert the following: *Management Analysis and Services Office (CAJG).*
(1)Plans, coordinates, and provides CDC-wide management and information services in the following areas: Policy development, management and consultation; management studies and surveys, internal controls program, delegations of authorities, organizations and functions, Federal Advisory Committee management, records management, most efficient organization implementation, printing procurement, and management services, conference and meeting management, electronic forms design and management, mail center services and operations, information quality, competitive sourcing, and office automation services and support. *Office of the Director (CAJG1).* Plans, directs, develops, implements, supports, and coordinates activities of the Management Analysis and Services Office (MASO).
(1)Plans, develops, and implements strategic plans, goals and objectives, business services and evaluation, performance measurement plans, customer service management, and provides leadership, policy and procedural formulation and guidance in program planning and development;
(2)prepares, reviews, and coordinates budgetary, informational, and programmatic resources;
(3)plans, directs, and coordinates requirements of OMB Circular A-76 to conduct competitive sourcing activities, management review and FAIR Act activities and to determine whether certain agency functions might be more appropriately carried out through or by commercial sources;
(4)provides electronic forms management services, including development, coordination of clearances, and inventory management; and
(5)determines, collaborates, and manages appropriate information technology architecture and methodology for MASO's applications, databases, and systems. *Management Analysis and Policy Branch (CAJGB).*
(1)Provides management and oversight of CDC federal advisory committees that provide advice to the CDC Director and the Secretary of the Department of Health and Human Services (DHHS);
(2)facilitate logistics and general committee support of scientific and programmatic peer review of research, applications and cooperative agreements for grant support and contracts;
(3)provides consultation and assistance to CDC program officials on the establishment, modification, or abolishment of organizational structures and functions, reviews and analyzes organizational changes, and develops documents for approval by appropriate CDC or DHHS officials;
(4)manages the internal controls program for CDC in consultation with the Financial Management Office
(FMO)to include creating, maintaining and diffusing internal controls guidance, co-chairing and administering the CDC senior assessment team (and serving as the team's interface with executive management), serving as the CDC focal point for assessing risk, facilitating and overseeing CDC's scheduling, testing and review of internal controls, reporting on the control environment, and overseeing CDC compliance with OMB Circular A-123 and the management and internal controls guidance within the Federal Managers Financial Integrity Act, co-manages the process for developing and finalizing the components of the Annual Assurance Statement signed by the Director, CDC with FMO;
(5)conducts management studies for CDC to improve the effectiveness and efficiency of management and administrative processes;
(6)serves as the CDC office of record for delegations of authority by interpreting, analyzing, and making recommendations concerning delegations and re-delegations of program and administrative authorities, and developing appropriate delegating documents;
(7)manages the CDC policy program, including the policy issuance system, policy development, dissemination, and policy advisory services, interprets DHHS and other Federal directives and assess their impact on CDC policy, maintains the official CDC library of administrative management policy and procedures manuals;
(8)addresses policy gaps through periodic comprehensive administrative policy reviews and benchmarking;
(9)manages the CDC records program, which includes providing technical assistance in developing new records schedules, transferring records, storing records, and administering electronic records, serves as the agency liaison to the National Archives and Records Administration;
(10)provides advice and consultation in implementing most efficient organizations resulting from competitive sourcing decisions. *Management and Information Services Branch (CAJGC)* .
(1)Plans and conducts a printing management program supporting all of CDC;
(2)maintains liaison with contract suppliers, DHHS, the Government Printing Office and other agencies on matters pertaining to printing, copy preparation, reproduction, and procurement of printing;
(3)plans, directs, coordinates, and implements CDC-wide information distribution services and mail and messenger services, including the establishment and maintenance of mailing lists and CDC announcements;
(4)manages all functions of the auditoriums at the Roybal campus and specific meeting rooms at Roybal and other CDC campuses, provides conference management support and audio-visual expertise to Coordinating Centers and Coordinating Offices customers, and plans, develops, and implements policies and procedures in these areas, as appropriate;
(5)serves as the focal point for recommending policies and establishing procedures for matters pertaining to the white office paper recycling;
(6)manages the CDC-wide subject matter database that serves as an agency resource supporting call management services and hotlines within the CDC;
(7)manages the food service facilities at the Roybal and Chamblee campuses as well as future planned food service facilities;
(8)collaborates with stakeholders and partners, responsible for the planning, coordination and management of the conference center located in the Global Communications Center
(GCC)on the Roybal campus, and manages the infrastructure support for functions within the GCC provided by contract;
(9)manages the receipt and response to complaints by the public questioning the accuracy of any scientific information disseminated by CDC, implements established government guidelines contained in Public Law 106-554, section 515, for ensuring the quality of information disseminated to the public by government agencies. *Office Automation Service Activity (CAJGC2)* .
(1)Plans, coordinates, and administers office automation
(OA)services;
(2)administers office automation services in accordance with the OA Performance Work Statement;
(3)provides and performs clerical support, file management, meeting logistics, conference and workshop support, scientific and technical assistance;
(4)maintains liaison with appropriate offices on matters pertaining to the oversight, performance, and contractual requirements of the Office Automation Service Activity. Dated: January 20, 2006. William H. Gimson, Chief Operating Officer, Centers for Disease Control and Prevention (CDC). [FR Doc. 06-1088 Filed 2-6-06; 8:45 am]
Connectionstraces to 5
2 references not yet in our index
- 5 USC 521
- Pub. L. 106-554
Citation graph
cites case law
Notices
Notice
Cite5 USC 521
Pub. L.Pub. L. 106-554
Cites 7Cited by 0 across 0 sources