[Federal Register Volume 69, Number 65 (Monday, April 5, 2004)]
[Notices]
[Pages 17664-17665]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-7687]


-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Public Meeting: Application by J. P. Morgan Chase & Co., New 
York, New York, to Merge with Bank One Corporation, Chicago, Illinois

AGENCY: Federal Reserve System

ACTION: Notice of Public Meetings

-----------------------------------------------------------------------

SUMMARY: Two public meetings will be held regarding the application 
submitted by J. P. Morgan Chase & Co., New York, New York, to merge 
with Bank One Corporation, Chicago, Illinois, and acquire its banking 
and nonbanking subsidiaries pursuant to the Bank Holding Company Act 
(``BHC Act'') and related statutes. The purpose of the public meetings 
is to collect information relating to factors the Board is required to 
consider under the BHC Act.

DATES AND TIMES: The New York meeting will be held on Thursday, April 
15, 2004, at 9:00 a.m. Eastern Time. The Chicago meeting will be held 
on Friday, April 23, 2004, at 8:30 a.m. Central Time.

ADDRESSES: The public meeting in New York will be held at the Federal 
Reserve Bank of New York, 33 Liberty Street, New York, New York, and 
will begin at 9:00 a.m. Eastern Time. The public meeting in Chicago 
will be held at the Federal Reserve Bank of Chicago, 230 South LaSalle 
Street, Chicago, Illinois, and will begin at 8:30 a.m. Central Time.

FOR FURTHER INFORMATION CONTACT: For the New York meeting, contact John 
G. Ricketti, Vice President, Federal Reserve Bank of New York, 33 
Liberty Street, New York, New York 10045 (facsimile: 212/720-2845). For 
the Chicago meeting, contact Alicia Williams, Vice President, Federal 
Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 
60604 (facsimile: 312/913-2626).

SUPPLEMENTARY INFORMATION: On February 9, 2004, J. P. Morgan Chase & 
Co. (``J. P. Morgan'') requested the Board's approval under the BHC Act 
(12 U.S.C. 1841 et seq.) and related statutes to merge with Bank One. 
The Board hereby orders that public meetings on the J. P. Morgan/Bank 
One proposal be held in New York, New York, and Chicago, Illinois.

Purpose and Procedures

    The purpose of the public meetings is to collect information 
relating to factors the Board is required to consider under the BHC 
Act. These factors are (1) the effects of the proposal on the financial 
and managerial resources and future prospects of the companies and 
banks involved in the proposal, (2) competition in the relevant 
markets, and (3) the convenience and needs of the communities to be 
served. Convenience and needs considerations include a review of the 
records of performance of J.P. Morgan and Bank One under the Community 
Reinvestment Act, which requires the Board to take into account in its 
review of a bank acquisition or merger proposal each institution's 
record of meeting the credit needs of its entire community, including 
low-and moderate-income neighborhoods, consistent with the safe and 
sound operation of the institution. 12 U.S.C. 2903.

Procedures for Hearing

    Testimony at the public meeting will be presented to a panel 
consisting of a Presiding Officer and other panel members appointed by 
the Presiding Officer. In conducting the public meeting, the Presiding 
Officer will have the authority and discretion to ensure that the 
meeting proceeds in a fair and orderly manner. In contrast to a formal 
administrative hearing, the rules for taking evidence in an 
administrative proceeding will not apply to this public meeting. Panel 
members may question witnesses, but no cross-examination of witnesses 
will be permitted. The public meeting will be transcribed and 
information regarding procedures for obtaining a copy of the transcript 
will be announced at the public meeting.
    On the basis of the requests received, the Presiding Officer will 
prepare a schedule for persons wishing to testify and establish the 
order of presentation. To ensure an opportunity for all interested 
commenters to present their views, the Presiding Officer may limit the 
time for presentations. At the discretion of the Presiding Officer, 
persons not listed on the schedule may be permitted to speak at the 
public meeting if time permits at the conclusion of the schedule of 
witnesses. Copies of testimony may, but need not, be filed with the 
Presiding Officer before a person's presentation.

Request to Testify

    All persons wishing to testify at the meeting to be held in New 
York must submit a written request to John G. Ricketti, Vice President, 
Federal Reserve Bank of New York, 33 Liberty Street, New York, New York 
10045 (facsimile: 212/720-2845) not later than close of business on 
Monday, April 5, 2004. All persons wishing to testify at the meeting to 
be held in Chicago, must submit a written request to Alicia Williams, 
Vice President, Federal Reserve Bank of Chicago, 230 South LaSalle 
Street,

[[Page 17665]]

Chicago, Illinois 60604 (facsimile: 312/913-2626) not later than close 
of business on Monday, April 5, 2004. The request must include the 
following information: (i) identification of which meeting the 
participant wishes to attend; (ii) a brief statement of the nature of 
the expected testimony (including whether the testimony will support or 
oppose the proposed transaction, or provide other comment on the 
proposal) and the estimated time required for the presentation; (iii) 
address and telephone number (and facsimile number and e-mail address, 
if available) of the person testifying; and (iv) identification of any 
special needs, such as from persons desiring translation services, 
persons with a physical disability who may need assistance, or persons 
requiring visual aids for their presentation. To the extent feasible, 
translators will be provided to persons wishing to present their views 
in a language other than English if this information is included in the 
request to testify. Persons interested only in attending the meeting 
but not testifying need not submit a written request to attend.

    By order of the Board of Governors acting through the General 
Counsel pursuant to delegated authority, effective March 31, 2004.
Jennifer J. Johnson,
Secretary of the Board
[FR Doc. 04-7687 Filed 4-2-04; 8:45 am]
BILLING CODE 6210-01-S