Notice published by Federal Reserve System on Feb. 9

The US Federal Reserve System published a two page notice on Feb. 9, according to the U.S. Government Publishing Office.

The notice is focused on Norwest Corporation, et al.; Acquisitions of Companies Engaged in Permissible Nonbanking Activities.

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. 9

Title
HNB Corporation, et al.; Notice of Applications to Engage de novo in Permissible Nonbanking Activities
F & M National Corporation, et al.; Formations of; Acquisitions by; and Mergers of Bank Holding Companies
Acquisition of Shares of Banks or Bank Holding Companies
Norwest Corporation, et al.; Acquisitions of Companies Engaged in Permissible Nonbanking Activities