MERGER APPLICATIONS

48178

Federal Register / Vol. 67, No. 141 / Tuesday, July 23, 2002 / Notices

Agency has chosen to address the risks

that remain for alkyl-lead through

voluntary efforts under its PBT

pollutants program. It is likely that

further reductions in exposures to these

chemicals will come only through

product substitution and voluntary

measures.

List of Subjects

Environmental protection, Alkyl-lead,

PBT.

Dated: June 10, 2002.

Stephen L. Johnson,

Assistant Administrator for Prevention,

Pesticides and Toxic Substances.

[FR Doc. 02–18588 Filed 7–22–02 8:45 am]

BILLING CODE 6560–50–S

FEDERAL DEPOSIT INSURANCE

CORPORATION

FDIC Statement of Policy on Bank

Merger Transactions

AGENCY: Federal Deposit Insurance

Corporation (FDIC).

ACTION: Final agency policy statement

(amended).

SUMMARY: The FDIC is amending its

Statement of Policy on Bank Merger

Transactions to incorporate a recent

statutory change to the Bank Merger

Act, as amended by the USA PATRIOT

Act, which makes an insured depository

institution’s effectiveness in combating

money laundering a factor in evaluating

a proposed merger transaction.

EFFECTIVE DATE: July 23, 2002.

FOR FURTHER INFORMATION CONTACT:

Kevin W. Hodson, Review Examiner

(202/898–6919), Division of Supervision

and Consumer Protection; Robert C.

Fick, Counsel (202/898–8962), or Carl

Gold, Counsel (202/898–8702), Legal

Division, FDIC, 550 17th Street, NW.,

Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Section

327 of the USA PATRIOT Act (Pub. L.

107–56, enacted October 26, 2001)

amends section 18(c) of the Federal

Deposit Insurance Act 12 U.S.C. 1828(c)

(commonly known as the Bank Merger

Act), adding a new factor for

consideration in deciding merger

transactions covered by the Bank Merger

Act

Legal

Division, FDIC, 550 17th Street, NW.,

Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Section

327 of the USA PATRIOT Act (Pub. L.

107–56, enacted October 26, 2001)

amends section 18(c) of the Federal

Deposit Insurance Act 12 U.S.C. 1828(c)

(commonly known as the Bank Merger

Act), adding a new factor for

consideration in deciding merger

transactions covered by the Bank Merger

Act. The factor reads, ‘‘In every case, the

responsible agency shall take into

consideration the effectiveness of any

insured depository institution involved

in the proposed merger transaction in

combating money laundering activities,

including in overseas branches.’’ The

amended statement of policy essentially

restates the USA PATRIOT Act

requirement. No new informational

requirements relating to Bank Merger

Act applications are imposed at this

time. Consideration of the new factor is

required on applications submitted after

December 31, 2001. The FDIC is not

soliciting comment on the revised

Statement of Policy. The amendment to

the Policy Statement, which was

published at 63 FR 44761 on August 20,

1998, is effective immediately upon

publication in the Federal Register.

The Statement of Policy is hereby

amended by adding a new paragraph at

the end of section III., to read as follows:

FDIC Statement of Policy on Bank

Merger Transactions

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*

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III. Evaluation of Merger Applications

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*

Anti-Money Laundering Record

In every case, the FDIC will take into

consideration the effectiveness of each

insured depository institution involved

in the proposed merger transaction in

combating money-laundering activities,

including in overseas branches

read as follows:

FDIC Statement of Policy on Bank

Merger Transactions

*

*

*

*

*

III. Evaluation of Merger Applications

*

*

*

*

*

Anti-Money Laundering Record

In every case, the FDIC will take into

consideration the effectiveness of each

insured depository institution involved

in the proposed merger transaction in

combating money-laundering activities,

including in overseas branches. In this

regard, the FDIC will consider the

adequacy of each institution’s programs,

policies, and procedures relating to anti-

money laundering activities; the

relevant supervisory history of each

participating institution, including their

compliance with anti-money laundering

laws and regulations; and the

effectiveness of any corrective program

outstanding. The FDIC’s assessment

may also incorporate information made

available to the FDIC by the Department

of the Treasury, other Federal or State

authorities, and/or foreign governments.

Adverse findings may warrant

correction of identified problems before

consent is granted, or the imposition of

conditions. Significantly adverse

findings in this area may form the basis

for denial of the application.

Federal Deposit Insurance Corporation.

Dated at Washington, DC, this 12th day of

July, 2002.

By order of the Board of Directors.

Valerie J. Best,

Assistant Executive Secretary/Supervisory

Counsel.

[FR Doc. 02–18493 Filed 7–22–02; 8:45 am]

BILLING CODE 6714–01–P

FEDERAL EMERGENCY

MANAGEMENT AGENCY

[FEMA–1418–DR]

Indiana; Amendment No. 3 to Notice of

a Major Disaster Declaration

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.

SUMMARY: This notice amends the notice

of a major disaster declaration for the

State of Indiana, (FEMA–1418–DR),

dated June 13, 2002, and related

determinations.

EFFECTIVE DATE: July 15, 2002.

FOR FURTHER INFORMATION CONTACT: Rich

Robuck, Readiness, Response and

Recovery and Directorate, Federal

Emergency Management Agency,

Washington, DC 20472, (202) 646–2705

or Rich.Robuck@fema.gov

ice.

SUMMARY: This notice amends the notice

of a major disaster declaration for the

State of Indiana, (FEMA–1418–DR),

dated June 13, 2002, and related

determinations.

EFFECTIVE DATE: July 15, 2002.

FOR FURTHER INFORMATION CONTACT: Rich

Robuck, Readiness, Response and

Recovery and Directorate, Federal

Emergency Management Agency,

Washington, DC 20472, (202) 646–2705

or Rich.Robuck@fema.gov.

SUPPLEMENTARY INFORMATION: The notice

of a major disaster declaration for the

State of Indiana is hereby amended to

include the following areas among those

areas determined to have been adversely

affected by the catastrophe declared a

major disaster by the President in his

declaration of June 13, 2002:

Dearborn and Orange Counties for Individual

Assistance (already designated for Public

Assistance).

(The following Catalog of Federal Domestic

Assistance Numbers (CFDA) are to be used

for reporting and drawing funds: 83.537,

Community Disaster Loans; 83.538, Cora

Brown Fund Program; 83.539, Crisis

Counseling; 83.540, Disaster Legal Services

Program; 83.541, Disaster Unemployment

Assistance (DUA); 83.542, Fire Suppression

Assistance; 83.543, Individual and Family

Grant (IFG) Program; 83.544, Public

Assistance Grants; 83.545, Disaster Housing

Program; 83.548, Hazard Mitigation Grant

Program)

Joe M. Allbaugh,

Director.

[FR Doc. 02–18531 Filed 7–22–02; 8:45 am]

BILLING CODE 6718–02–P

FEDERAL EMERGENCY

MANAGEMENT AGENCY

[FEMA–1419–DR]

Minnesota; Amendment No. 6 to Notice

of a Major Disaster Declaration

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.

SUMMARY: This notice amends the notice

of a major disaster declaration for the

State of Minnesota, (FEMA–1419–DR),

dated June 14, 2002, and related

determinations.

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