The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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. * * * * * (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). + * * 4 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 *