[Federal Register Volume 65, Number 206 (Tuesday, October 24, 2000)]
[Notices]
[Page 63590]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-27193]


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FEDERAL RESERVE SYSTEM


Formations of, Acquisitions by, and Mergers of Bank Holding 
Companies

    The companies listed in this notice have applied to the Board for 
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 
1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other 
applicable statutes and regulations to become a bank holding company 
and/or to acquire the assets or the ownership of, control of, or the 
power to vote shares of a bank or bank holding company and all of the 
banks and nonbanking companies owned by the bank holding company, 
including the companies listed below.
    The applications listed below, as well as other related filings 
required by the Board, are available for immediate inspection at the 
Federal Reserve Bank indicated. The application also will be available 
for inspection at the offices of the Board of Governors. Interested 
persons may express their views in writing on the standards enumerated 
in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the 
acquisition of a nonbanking company, the review also includes whether 
the acquisition of the nonbanking company complies with the standards 
in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, 
nonbanking activities will be conducted throughout the United States. 
Additional information on all bank holding companies may be obtained 
from the National Information Center website at www.ffiec.gov/nic/.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than November 7, 2000.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Friedman, Billings, Ramsey Group, Inc., and its subsidiaries, 
FBR Bancorp, Inc.; Money Management Associates, Inc.; and Money 
Management Associates (LP), Inc.; of Arlington, Virginia; to become 
bank holding companies by acquiring 100 percent of the voting interest 
in Money Management Associates, L.P., Bethesda, Maryland, and its 
subsidiary, Rushmore National Bank, Bethesda, Maryland (successor to 
Rushmore Trust and Savings, FSB, Bethesda, Maryland, by its conversion 
to a national bank). On consummation of the proposal, Money Management 
Associates, L.P. also would become a bank holding company for Rushmore 
National Bank.
    In connection with this application, Friedman, Billings, Ramsey 
Group, Inc., Arlington, Virginia, also has applied to retain 6.34 
percent of the voting shares of Pocahontas Bancorp, Inc., Pocahontas, 
Arkansas, and its sole thrift subsidiary, Pocahontas Federal Savings 
and Loan Association, Pocahontas, Arkansas, and thereby engage in 
owning shares in a savings association, pursuant to 
Sec. 225.28(b)(4)(ii) of Regulation Y.

    Board of Governors of the Federal Reserve System, October 18, 
2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-27193 Filed 10-23-00; 8:45 am]
BILLING CODE 6210-01-P