[Federal Register Volume 59, Number 236 (Friday, December 9, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-30424]


[[Page Unknown]]

[Federal Register: December 9, 1994]


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FEDERAL DEPOSIT INSURANCE CORPORATION

    Pursuant to the provisions of the ``Government in the Sunshine 
Act'' (5 U.S.C. 552b), notice is hereby given that at 10:02 a.m. on 
Tuesday, December 6, 1994, the Board of Directors of the Federal 
Deposit Insurance Corporation met in closed session to consider the 
following matters:

    Matters relating to the Corporation's corporate and supervisory 
activities.
    Application of The Carthage Bank, Carthage, Mississippi, an 
insured State nonmember bank, for consent to assume the liability to 
pay deposits made in the Carthage Branch of Magnolia Federal Bank 
for Savings, Hattiesburg, Mississippi, for consent to establish the 
Carthage Branch of Magnolia Federal Bank for Savings as a branch of 
The Carthage Bank, and for consent to convert the Savings 
Association Insurance Fund insured deposits of the Carthage Branch 
to Bank Insurance Fund insured deposits upon the consummation of the 
proposed transaction.
    Recommendation regarding the cross-guaranty provisions of the 
Federal Deposit Insurance Act.

    In calling the meeting, the Board determined, on motion of Vice 
Chairman Andrew C. Hove, Jr., seconded by Director Eugene A. Ludwig 
(Comptroller of the Currency), concurred in by Director Jonathan L. 
Fiechter (Acting Director, Office of Thrift Supervision), and Chairman 
Ricki R. Tigert, that Corporation business required its consideration 
of the matters on less than seven days' notice to the public; that no 
earlier notice of the meeting was practicable; that the public interest 
did not require consideration of the matters in a meeting open to 
public observation; and that the matters could be considered in a 
closed meeting by authority of subsections (c)(4), (c)(6), (c)(8), 
(c)(9)(A)(ii), (c)(9)(B), and (c)(10) of the ``Government in the 
Sunshine Act'' (5 U.S.C. 552b(c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), 
(c)(9)(B), and (c)(10)).
    The meeting was held in the Board Room of the FDIC Building located 
at 550--17th Street, N.W., Washington, D.C.

    Dated: December 6, 1994.

Federal Deposit Insurance Corporation.
Leneta G. Gregorie,
Acting Assistant Executive Secretary.
[FR Doc. 94-30424 Filed 12-7-94; 8:45 am]
BILLING CODE 6714-01-M