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FED ER A L R E S E R V E BANK O F N EW YORK Circular No. 5 6 5 1 May 7, 1965 NOTICE OF PROPOSED RULE M A K IN G Public Inspection of Bank Holding Company and Bank Merger Applications To All Banks in the Second Federal Reserve D istrict: The Board of Governors of the Federal Reserve System is considering amending its published rules so as to make available for public inspection bank holding company and bank merger applica tions, subject to certain limitations, whether or not the Board has ordered a public hearing or public oral presentation of views with respect to the applications. Printed below is an excerpt from the Federal Register of May 5, 1965, containing a Notice of Proposed Rule Making, setting forth the text of the proposed rules changes. The notice states that the Board will consider any relevant data, views, or arguments that may be received in writing not later than M ay 20. A ny comments you may have should be sent to this Bank, for transmittal to the Board. A lfred H ayes, President. FEDERAL RESERVE SYSTEM I 12 CFR Parts 261, 262 ] RULES REGARDING INFORMATION, SU B M ITTA LS, A N D R EQ U E S T S ; RULES O F P R O C E D U R E Notice of Proposed Rule Making The Board o f Governors is considering amending § 2 6 1 .2 (d ) (2 ) (v ) relating to certain unpublished information under Part 261 and § 2 6 2 .2 (f) (7 ) concerning bank holding company and bank merger applications under Part 262. The pur pose o f these amendments is to make available for public inspection bank hold ing company and bank merger applica tions, subject to certain limitations, whether or not the Board has ordered a public hearing or a public oral presenta tion o f views with respect to the applica tions. 1. The proposed amendment to § 261.2 ( d ) ( 2 ) ( v ) is as follow s: Substitute a comma for the period at the end thereof and a d d : “ and except as provided in § 2 6 2 .2 (f) (7 ) o f this chapter concerning bank holding company and bank merger applications” . 2. The proposed amendment to § 262.2 ( f ) (7 ) is as follow s: Rewrite said § 262.2 ( f ) (7 ) to rea d : (7 ) Unless the Board shall otherwise direct for good cause found, each appli cation shall be made available for inspec tion by the public except for portions thereof as to which the Board finds that disclosure would not be in the public interest. To aid in the consideration o f the fore going matter, the Board will be glad to receive from interested persons any rele vant data, views, or arguments. A l though such material may be sent di rectly to the Board, it is preferable that it be sent to the Federal Reserve Bank o f the district which will forward it to the Board to be considered. A ll such ma terial should be submitted in writing to be received not later than M ay 20, 1965. Dated at Washington, D .C ., this 29th day o f A p ril, 1965. [ seal] B oard op G o v e r n o r s op T h e F ederal R eserve S ystem , M e r r it t S h e r m a n , S ecr eta ry . [F .R . Doc. 65-4662; Filed, M ay 4, 1965; 8 :4 5 a.m.]
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