Search Results for citation:"86 FR 98"

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Search Results: citation:"86 FR 98"

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  • 2020-29033 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 98
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from certain companies to either form bank holding companies or acquire control of existing banks. These applications, submitted under the Bank Holding Company Act of 1956, are available for public viewing at specified Federal Reserve Banks and online. The public can submit comments on these applications by February 3, 2021. An example is St. Holdings, Inc. from Orlando, Florida, aiming to acquire shares of Rochelle State Bank in Georgia.

    Simple Explanation

    The Federal Reserve got some forms from companies who want to either start new banks or take over existing ones, and people can look at these forms and say what they think until February 3, 2021.

  • 2020-28477 — Request for Medicaid and CHIP Payment and Access Commission (MACPAC) Nominations
    Type:Notice
    Citation:86 FR 98
    Reading Time:less than a minute

    The Government Accountability Office (GAO) is seeking nominations for the Medicaid and CHIP Payment and Access Commission (MACPAC). This commission reviews Medicaid and CHIP policies and advises Congress. Nominations must be submitted by January 26, 2021, and should include letters of nomination and resumes sent to the specified email address. The appointments will be effective in May 2021.

    Simple Explanation

    The government is looking for people to join a special group that helps decide how children and families can use important health programs called Medicaid and CHIP. They want people to send in names of who should join by the end of January 2021.

  • 2020-29034 — Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
    Type:Notice
    Citation:86 FR 98
    Reading Time:about a minute or two

    The Federal Reserve System published a notice regarding companies planning to engage in permissible nonbanking activities. These activities are under section 4 of the Bank Holding Company Act and Regulation Y. The notice includes information on how the public can view the applications and submit comments. Specifically, it mentions that the Caisse Fédérale de Crédit Mutuel and its subsidiaries intend to engage in financial and investment advisory activities in the United States through their subsidiary, Transatlantique Private Wealth LLC.

    Simple Explanation

    The Federal Reserve System shared a notice about some companies wanting to offer money advice services in the U.S. It mentions a particular company called Transatlantique Private Wealth LLC, which plans to do this through its parent, Caisse Fédérale de Crédit Mutuel.