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F ederal Reserve Bank o f Dallas
DALLAS. TEXA S

75222

Circular No. 79-140
August 16, 1979

RULES OF PROCEDURE
Amendments

TO ALL MEMBER BANKS
AND OTHERS CONCERNED IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
Printed on the reverse of this c irc u la r is a copy of a recent
amendment to the regulation of the Board of Governors of the Federal
Reserve System entitled "Rules of Procedure." The amendment details
publication of notice of certain applications filed with the Board. Mem­
ber banks and others that maintain Regulations Binders should file
this amendment in th eir binders.
Additional copies of the amendment w ill be furnished upon
request to the Secretary's Office, E xt. 6267.
Sincerely yours,
Robert H . Boykin
First Vice President

Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank:
1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the
extension referred to above.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

RULES OF PROCEDURE
AMENDMENTS!

Effective November 6, 1978, section 262,3 is
amended by adding the following subsection (b)
and redesignating subsections (b), (c), (d), (e), (f),
(g), (h), (i), and (j), as subsections (c), (d), (e), (f).
fg), (h), (i), (j), and (k) respectively.
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(b)
Notice of applications. (1) In the case of
applications —
(i) For membership in the Federal Reserve Sys­
tem where such membership would confer Federal
deposit insurance on a bank,
(ii) By a State member bank for the establish­
ment o f a domestic branch or other facility that
would be authorized to receive deposits,
(iii) By a State member bank for the relocation
o f a domestic branch office,
(iv) For merger, consolidation, or acquisition
of assets or assumption of liabilities, if the acquir­
ing, assuming, or resulting bank is to be a State
member bank,
(v) T o become a bank holding company, and
(vi) By a bank holding company to acquire
ownership or control o f shares or assets of a bank,
or to merge or consolidate with any other bank
holding company,
ihe applicant shall, prior to filing such application,
cause to be published on the same day of each of
2 consecutive weeks a notice containing the name
of the applicant or applicants, the subject matter
of the application, the location at which the appli­
cant proposes to engage in business, and an invita­
tion to the public to give written comment upon
the application to the appropriate Federal Reserve
Bank no later than 30 days after the date of publi­
cation of the first notice. Such notice shall be pub­
lished in a newspaper of general circulation in

(A) the community in which the head office of
the bank is or is to be located in the case o f an
application for membership that would confer de­
posit insurance, (B) the community or commu­
nities in which the head office of the bank and
the proposed branch or other facility (other than
an electronic funds transfer facility) are located
in the case of an applicalion for the establishment
of a domestic branch or other facility thal would
be authorized to receive deposits, (C) the com ­
munity or communities in which the head office
of the bank, the office to be closed, and the office
to be opened are located in the case of an applica­
tion for the relocation o f a domestic branch office,
(D ) the community or communities in which the
head office of each o f the banks to be party to the
merger, consolidation, or acquisition of assets or
assumption o f liabilities are located in the case of
an application by a bank for merger, consolida­
tion, or acquisition o f assets or assumption o f lia­
bilities. or (E) the community or communities in
which the head offices o f the largest subsidiary
bank, if any, of an applicant and of each bank,
shares o f which are to be directly or indirectly
acquired, are located in the case o f applications
under section 3 of the Bank Holding Company
Act.
(2) In addition to the foregoing notice, an ap­
plicant, in the case of an applicalion to relocate
a domestic branch office or other facility that
would be authorized to receive deposits, shall post
in a conspicuous public place in the lobby of the
office to be closed a notice containing the infor­
mation specified in S 262.3(b)( I ). Such notice
should be posted on the date of the first notice
required by § 262.3(b)(1).
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tFor this publication to be complete as amended effective November 6. I97X. please retain:
1) Printed pamphlet as revised March 1976;
2) Amendment effective October 19. 1978; and
3) This slip sheet.

11-6-78

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