Federal Reserve System publishes notice on Dec. 5

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

The notice is focused on James River Bankshares, Inc.; 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 Dec. 5

Title
First Bank System, Inc.; Change in Bank Control Notices; Acquisitions of Shares of Banks or Bank Holding Companies; Correction
James River Bankshares, Inc.; Formation of, Acquisition by, or Merger of Bank Holding Companies
CCB Financial Corporation; Notice of Proposal to Engage de novo in Permissible Nonbanking Activities
Ruth Cain Thorne; Change in Bank Control Notice; Acquisition of Shares of Banks or Bank Holding Companies
SouthTrust Corporation; Acquisition of Company Engaged in Permissible Nonbanking Activities