Federal Register / Vol. 63, No. 75 / Monday, April 20, 1998 / Notices 19493

Program; 83.548, Hazard Mitigation Grant Agency under Executive Order 12148, I Management Agency, Washington, DC Program.) hereby appoint William L. Carwile, III of 20472, (202) 646–3260. Lacy E. Suiter, the Federal Emergency Management SUPPLEMENTARY INFORMATION: The notice Executive Associate Director, Response and Agency to act as the Federal of a major disaster for the State of Recovery Directorate. Coordinating Officer for this declared Minnesota is hereby amended to [FR Doc. 98–10338 Filed 4–17–98; 8:45 am] disaster. include the following areas among those BILLING CODE 6718±02±P I do hereby determine the following areas determined to have been adversely areas of the Federated States of affected by the catastrophe declared a Micronesia to have been affected major disaster by the President in his FEDERAL EMERGENCY adversely by this declared major declaration of April 1, 1998: MANAGEMENT AGENCY disaster: The counties of Blue Earth and Nobles for [FEMA±1213±DR] Emergency protective measures (Category Individual Assistance. B) for the following areas: (The following Catalog of Federal Domestic Federated States of Micronesia; Major In the State of : Eauripik, , Fais, Assistance Numbers (CFDA) are to be used Disaster and Related Determinations Faraulap, Ifalik, , Ngulu, , for reporting and drawing funds: 83.537, , Wolei, and Yap Proper. In the State Community Disaster Loans; 83.538, Cora AGENCY: Federal Emergency of Chuuk: Eot, Ettal, Fanapanges, Fefen, Brown Fund Program; 83.539, Crisis Management Agency (FEMA). Fonanu, Fono, Houk, Kuttu, Lekinioch, Counseling; 83.540, Disaster Legal Services ACTION: Notice. Losap, Makur, Moch, Murillo, Nama, Program; 83.541, Disaster Unemployment Namoluk, Nomwin, Oneop, Onou, Onoun, Assistance (DUA); 83.542, Fire Suppression SUMMARY: This is a notice of the Paata, Parem, Piherach, Piis-Emwar, Polle, Assistance; 83.543, Individual and Family Presidential declaration of a major Polowat, Romanum, Ruo, Satowan, Siis, Ta, Grant (IFG) Program; 83.544, Public disaster for the Federated States of Tol, Tomatam, Tonoas, Udot, Uman, Unanu, Assistance Grants; 83.545, Disaster Housing and Wonei. In the State of Pohnpei, the areas Micronesia (FEMA–1213–DR), dated Program; 83.548, Hazard Mitigation Grant of Kipingamarangi, Mwoakilloa, Nukuoro, Program.) April 3, 1998 and related Pingelap, and Sapwuahfik. determinations. Lacy E. Suiter, All islands and in the Federated EFFECTIVE DATE: April 3, 1998. Executive Associate Director, Response and States of Micronesia are eligible to apply Recovery Directorate. FOR FURTHER INFORMATION CONTACT: for assistance under the Hazard [FR Doc. 98–10363 Filed 4–17–98; 8:45 am] Madge Dale, Response and Recovery Mitigation Grant Program. Directorate, Federal Emergency BILLING CODE 6718±02±P Management Agency, Washington, DC (The following Catalog of Federal Domestic Assistance Numbers (CFDA) are to be used 20472, (202) 646–3260. for reporting and drawing funds: 83.537, FEDERAL RESERVE SYSTEM SUPPLEMENTARY INFORMATION: Notice is Community Disaster Loans; 83.538, Cora hereby given that, in a letter dated April Brown Fund Program; 83.539, Crisis Formations of, Acquisitions by, and 3, 1998, the President declared a major Counseling; 83.540, Disaster Legal Services Mergers of Bank Holding Companies disaster under the authority of the Program; 83.541, Disaster Unemployment Robert T. Stafford Disaster Relief and Assistance (DUA); 83.542, Fire Suppression The companies listed in this notice Emergency Assistance Act (42 U.S.C. Assistance; 83.543, Individual and Family have applied to the Board for approval, Grant (IFG) Program; 83.544, Public 5121 et seq.), as follows: Assistance Grants; 83.545, Disaster Housing pursuant to the Bank Holding Company I have determined that the damage in Program; 83.548, Hazard Mitigation Grant Act of 1956 (12 U.S.C. 1841 et seq.) certain areas of the Federated States of Program) (BHC Act), Regulation Y (12 CFR Part Micronesia, resulting from a severe drought James L. Witt, 225), and all other applicable statutes beginning on January 25, 1998, and Director. and regulations to become a bank continuing is of sufficient severity and holding company and/or to acquire the [FR Doc. 98–10364 Filed 4–17–98; 8:45 am] magnitude to warrant a major disaster assets or the ownership of, control of, or declaration under the Robert T. Stafford BILLING CODE 6718±02±P the power to vote shares of a bank or Disaster Relief and Emergency Assistance bank holding company and all of the Act, Pub. L. 93–288, as amended (‘‘the Stafford Act’’). I, therefore, declare that such FEDERAL EMERGENCY banks and nonbanking companies a major disaster exists in the Federated States MANAGEMENT AGENCY owned by the bank holding company, of Micronesia. including the companies listed below. In order to provide Federal assistance, you [FEMA±1212±DR] The applications listed below, as well are hereby authorized to allocate from funds as other related filings required by the available for these purposes, such amounts as Minnesota; Amendment No. 4 to Notice Board, are available for immediate you find necessary for Federal disaster of a Major Disaster Declaration inspection at the Federal Reserve Bank assistance and administrative expenses. indicated. The application also will be You are authorized to provide emergency AGENCY: Federal Emergency available for inspection at the offices of protective measures (Category B) under the Management Agency (FEMA). Public Assistance program and Hazard the Board of Governors. Interested ACTION: Notice. Mitigation in the designated areas, and any persons may express their views in other forms of assistance under the Stafford writing on the standards enumerated in SUMMARY: This notice amends the notice Act you may deem appropriate. Consistent the BHC Act (12 U.S.C. 1842(c)). If the with the requirement that Federal assistance of a major disaster for the State of proposal also involves the acquisition of be supplemental, any Federal funds provided Minnesota (FEMA–1212–DR), dated a nonbanking company, the review also under the Stafford Act for Public Assistance April 1, 1998, and related includes whether the acquisition of the or Hazard Mitigation will be limited to 75 determinations. nonbanking company complies with the percent of the total eligible costs. EFFECTIVE DATE: April 8, 1998. standards in section 4 of the BHC Act. Notice is hereby given that pursuant FOR FURTHER INFORMATION CONTACT: Unless otherwise noted, nonbanking to the authority vested in the Director of Madge Dale, Response and Recovery activities will be conducted throughout the Federal Emergency Management Directorate, Federal Emergency the . 19494 Federal Register / Vol. 63, No. 75 / Monday, April 20, 1998 / Notices

Unless otherwise noted, comments FEDERAL RESERVE SYSTEM with the standards of section 4 of the regarding each of these applications BHC Act. must be received at the Reserve Bank Notice of Proposal to Engage in Unless otherwise noted, comments indicated or the offices of the Board of Permissible Nonbanking Activities or regarding the applications must be Governors not later than May 15, 1998. to Acquire Companies that are received at the Reserve Bank indicated A. Federal Reserve Bank of Boston Engaged in Permissible Nonbanking or the offices of the Board of Governors (Richard Walker, Community Affairs Activities; Correction not later than May 5, 1998. Officer) 600 Atlantic Avenue, Boston, This notice corrects a notice (FR Doc. A. Federal Reserve Bank of Massachusetts 02106-2204: 98-9668) published on page 18022 of the Richmond (A. Linwood Gill III, 1. New England Community Bancorp, issue for Monday, April 13, 1998. Assistant Vice President) 701 East Byrd Inc., Windsor, Connecticut; to become a Under the Federal Reserve Bank of Street, Richmond, Virginia 23261-4528: bank holding company by acquiring 100 Kansas City heading, the entry for 1. Wachovia Corporation, Winston- percent of the voting shares of Olde Port Southeast Capital Corp., Idabel, Salem, North Carolina (‘‘Company’’); to Bank & Trust Company, Portsmouth, Oklahoma, is revised to read as follows: engage de novo through its subsidiary, New Hampshire. A. Federal Reserve Bank of Kansas Wachovia Capital Markets, Inc., City (D. Michael Manies, Assistant Vice Winston-Salem, North Carolina, in B. Federal Reserve Bank of certain nonbanking activities, including Philadelphia (Michael E. Collins, Senior President) 925 Grand Avenue, Kansas City, Missouri 64198-0001: the following: underwriting and dealing Vice President) 100 North 6th Street, in securities such as: municipal revenue Philadelphia, Pennsylvania 19105-1521: 1. Southeast Capital Corp., and Southeast Capital Corp. ESOP, both of bonds and asset-backed and mortgage- 1. Dauphin Bancorp, Harrisburg, Idabel, Oklahoma; to engage de novo in related securities, defined as obligations Pennsylvania; to acquire 39.16 percent community development activities secured by or representing an interest in of the voting shares of First National through the leasing of real property to 1-4 family residential real estate. See Bank of Liverpool, Liverpool, the State of Oklahoma, pursuant to § Citicorp, 73 Fed. Res. Bull. 473 (1987), Pennsylvania. 225.28(b)(12)(i) of the Board’s as modified; J.P. Morgan & Co., 75 Fed. C. Federal Reserve Bank of Regulation Y. Res. Bull. (1989) as modified. Richmond (A. Linwood Gill III, Comments on this application must In addition, the Company intends to Assistant Vice President) 701 East Byrd be received by April 28, 1998. engage in the following securities and Street, Richmond, Virginia 23261-4528: other financial activities: making, Board of Governors of the Federal Reserve 1. ECB Bancorp, Inc., Engelhard, System, April 15, 1998. acquiring and servicing loans or other extensions of credit, pursuant to § North Carolina; to become a bank Jennifer J. Johnson, 225.28(b)(1) of Regulation Y; and in holding company by acquiring 100 Deputy Secretary of the Board. percent of the voting shares of The East activities related to extending credit, [FR Doc. 98–10366 Filed 4–17–98; 8:45 am] Carolina Bank, Engelhard, North pursuant to § 225.28(b)(2) of Regulation Carolina. BILLING CODE 6210±01±F Y; leasing personal or real property or acting as agent, broker or adviser in D. Federal Reserve Bank of Atlanta leasing such property if the lease is on (Lois Berthaume, Vice President) 104 FEDERAL RESERVE SYSTEM a nonoperating basis, pursuant to § Marietta Street, N.W., Atlanta, Georgia 225.28(b)(3) of Regulation Y; performing 30303-2713: Notice of Proposals to Engage in functions and activities that may be 1. United Community Bancshares, Permissible Nonbanking Activities or to Acquire Companies that are performed by a trust company Inc., Gonzales, Louisiana; to become a (including activities of a fiduciary, bank holding company by acquiring 100 Engaged in Permissible Nonbanking Activities agency, or custodial nature), pursuant to percent of the voting shares of United § 225.28(b)(5) of Regulation Y; acting as Community Bank, Gonzales, Louisiana The companies listed in this notice an investment or financial advisor, (in organization). have given notice under section 4 of the pursuant to § 225.28(b)(6) of Regulation E. Federal Reserve Bank of San Bank Holding Company Act (12 U.S.C. Y; providing securities brokerage Francisco (Maria Villanueva, Manager 1843) (BHC Act) and Regulation Y, (12 services (including securities clearing of Analytical Support, Consumer CFR Part 225) to engage de novo, or to and/or securities execution services on Regulation Group) 101 Market Street, acquire or control voting securities or an exchange), whether alone or in San Francisco, California 94105-1579: assets of a company, including the combination with investment advisory 1. InterWest Bancorp, Inc., Oak companies listed below, that engages services, and incidental activities Harbor, Washington; to acquire 100 either directly or through a subsidiary or (including related securities credit percent of the voting shares of Pacific other company, in a nonbanking activity activities and custodial services), Northwest Bank, Seattle, Washington. that is listed in § 225.28 of Regulation pursuant to § 225.28(b)(7)(i) of 2. InterWest Bancorp, Inc., Oak Y (12 CFR 225.28) or that the Board has Regulation Y; buying and selling in the Harbor, Washington; to merge with determined by Order to be closely secondary market all types of securities Pioneer Bancorp, Inc., Yakima, related to banking and permissible for on the order of customers as ‘‘riskless Washington, and thereby indirectly bank holding companies. Unless principal,’’ pursuant to § 225.28(b)(7)(ii) acquire Pioneer National Bank, Yakima, otherwise noted, these activities will be of Regulation Y; acting as agent for the Washington. conducted throughout the United States. private placement of various types of Each notice is available for inspection securities, pursuant to § 225.28(b)(7)(iii) Board of Governors of the Federal Reserve at the Federal Reserve Bank indicated. of Regulation Y; and in investment System, April 15, 1998. The notice also will be available for transactions as principal including Jennifer J. Johnson, inspection at the offices of the Board of underwriting and dealing in bank- Deputy Secretary of the Board. Governors. Interested persons may eligible securities, pursuant to § [FR Doc. 98–10365 Filed 4–17–98; 8:45 am] express their views in writing on the 225.28(b)(8) of Regulation Y; and BILLING CODE 6210±01±F question whether the proposal complies providing management consulting