Notice published by Federal Reserve System on Feb. 5

The US Federal Reserve System published a one page notice on Feb. 5, according to the U.S. Government Publishing Office.

The notice is focused on Westwood Financial Corporation; Formation of, Acquisition by, or Merger of Bank Holding Companies.

The Federal Reserve is the US's central bank, expanding many times during great financial uncertainty and panic. It has faced numerous criticisms since its creation in 1913, such as making the Great Depression worse and for lacking transparency and audits.

Notices are required documents detailing rules and regulations being proposed by each federal department. This allows the public to see what issues legislators and federal departments are focusing on.

Any person or organization can comment on the proposed rules. Departments and agencies must then address “significant issues raised in comments and discuss any changes made,” the Federal Register says.

Notices published by the Federal Reserve System on Feb. 5

Title
Westwood Financial Corporation; Formation of, Acquisition by, or Merger of Bank Holding Companies
Beulah Bancorporation, Inc., et al.; Notice of Applications to Engage de novo in Permissible Nonbanking Activities
United Bankshares, Inc.; Acquisition of Company Engaged in Permissible Nonbanking Activities
Miles Jeffrey Qvale, et al.; Change in Bank Control Notices; Acquisitions of Shares of Banks or Bank Holding Companies
Prairieland Employee Stock Ownership Plan; Formation of, Acquisition by, or Merger of Bank Holding Companies; and Acquisition of Nonbanking Company
Membership of State Banking Institutions in the Federal Reserve System; International Banking Operations; Bank Holding Companies and Change in Control; Reports of Suspicious Activities Under Bank Secrecy Act