Notice published on Aug. 2 by Federal Reserve System

The US Federal Reserve System published a two page notice on Aug. 2, according to the U.S. Government Publishing Office.

The notice is focused on Firstbank of Illinois Co., et al.; Formations of; Acquisitions by; and Mergers 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 Aug. 2

Title
Norwest Corporation; Acquisitions of Companies Engaged in Permissible Nonbanking Activities
Fleet Financial Group, Inc. ; Change in Bank Control Notices; Acquisitions of Shares of Banks or Bank Holding Companies; Correction
Firstbank of Illinois Co., et al.; Formations of; Acquisitions by; and Mergers of Bank Holding Companies
New York Mills Bancshares, Inc.; Notice of Application to Engage de novo in Permissible Nonbanking Activities
Community Trust Financial Services Corporation; Acquisition of Company Engaged in Permissible Nonbanking Activities