Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 45289 [2016-16453]
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jstallworth on DSK7TPTVN1PROD with NOTICES
Federal Register / Vol. 81, No. 134 / Wednesday, July 13, 2016 / Notices
Consolidated liabilities of a U.S.
financial company not subject to
consolidated risk-based capital rules as
of December 31 of the year being
measured, equal liabilities calculated in
accordance with applicable accounting
standards. For the year ending on
December 31, 2015, companies in this
category include nonbank financial
companies supervised by the Board,
bank holding companies and savings
and loan holding companies subject to
the Federal Reserve’s Small Bank
Holding Company Policy Statement,
savings and loan holding companies
substantially engaged in insurance
underwriting or commercial activities,
and U.S. companies that control
depository institutions but are not bank
holding companies or savings and loan
holding companies. ‘‘Applicable
accounting standards’’ is defined as
GAAP, or such other accounting
standard or method of estimation that
the Board determines is appropriate.3
The Federal Reserve used information
collected on the FR Y–9C, the Parent
Company Only Financial Statements for
Small Holding Companies (FR Y–9SP),
and the Financial Company Report of
Consolidated Liabilities (FR XX–1) to
calculate liabilities of these institutions.
Section 622 provides that the U.S.
liabilities of a ‘‘foreign financial
company’’ equal the risk-weighted
assets and regulatory capital attributable
to the company’s ‘‘U.S. operations.’’
Under Regulation XX, liabilities of a
foreign banking organization’s U.S.
operations are calculated using the riskweighted asset methodology for
subsidiaries subject to risk-based capital
rules, plus the assets of all branches,
agencies, and nonbank subsidiaries,
calculated in accordance with
applicable accounting standards.
Liabilities attributable to the U.S.
operations of a foreign financial
company that is not a foreign banking
organization are calculated in a similar
manner to the method described for
foreign banking organizations, but
liabilities of a U.S. subsidiary not
subject to risk-based capital rules are
calculated based on the U.S.
subsidiary’s liabilities under applicable
accounting standards. The Federal
Reserve used information collected on
the Capital and Asset Report for Foreign
Banking Organizations (FR Y–7Q) and
the FR XX–1 to calculate liabilities of
these institutions.
3 A financial company may request to use an
accounting standard or method of estimation other
than GAAP if it does not calculate its total
consolidated assets or liabilities under GAAP for
any regulatory purpose (including compliance with
applicable securities laws). 12 CFR 251.3(e).
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The Board granted requests from three
financial companies to use an
accounting standard or method of
estimation other than GAAP to calculate
liabilities. All three companies were
insurance companies that report
financial information under Statutory
Accounting Principles (‘‘SAP’’). The
Board approved methods of estimation
for these companies that were based on
line items from SAP reports, with
adjustments to reflect certain differences
in accounting treatment between GAAP
and SAP.
By order of the Board of Governors of the
Federal Reserve System, acting through the
Director of the Division Banking, Supervision
and Regulation under delegated authority,
June 28, 2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016–16529 Filed 7–12–16; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
notices are set forth in paragraph 7 of
the Act (12 U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the offices of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than July 28,
2016.
A. Federal Reserve Bank of St. Louis
(David L. Hubbard, Senior Manager)
P.O. Box 442, St. Louis, Missouri
63166–2034. Comments can also be sent
electronically to
Comments.applications@stls.frb.org:
1. Janive Blanchard, Russellville,
Arkansas, as trustee of the Blanchard
Living Trust; Charles Bowen Blanchard,
Russellville, Arkansas; Charles H.
Blanchard, Russellville, Arkansas;
Cynthia Blanchard, Russellville,
Arkansas, individually and as co-trustee
of the William H. Bowen Share No. 2
Trust, the William H. Bowen Exempt
Share No. 1 QTIP Trust, and the
William H. Bowen Nonexempt Share
No. 1 QTIP Trust; Mary P. Hardman,
PO 00000
Frm 00016
Fmt 4703
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45289
Fayetteville, Arkansas, individually and
as co-trustee of the William H. Bowen
Share No. 2 Trust, the William H.
Bowen Exempt Share No. 1 QTIP Trust,
and the William H. Bowen Nonexempt
Share No. 1 QTIP Trust; and W. Scott
Bowen, as co-trustee of the William H.
Bowen Share No. 2 Trust, the William
H. Bowen Exempt Share No. 1 QTIP
Trust, and the William H. Bowen
Nonexempt Share No. 1 QTIP Trust, to
acquire voting shares of First State
Banking Corporation, Russellville,
Arkansas, and thereby acquire First
State Bank, Russellville, Arkansas.
2. James Troy ‘‘J.T.’’ Compton,
Mountain View, Arkansas; Charles
Kevin Compton, Little Rock, Arkansas;
Kris David Compton, Hendersonville,
North Carolina; James Kent ‘‘Ken’’
Compton, Conway, Arkansas, each as a
general partner and limited partner of
the Compton Stone Quarry Family
Limited Partnership, LLLP, and as
members of the Compton family control
group that also includes Lauren Ashley
Compton, Niva Compton Lancaster,
Springfield, Missouri, as trustee of the
Niva Compton Lancaster GST Exempt
Trust, Niva Compton Lancaster as
trustee of the Niva Lancaster Revocable
Living Trust, Charles Daniels and Sonya
Daniels, both of Navarre, Florida, as cotrustees of the Daniels Family Trust
Dated 7/12/2006, Sonya Daniels as
trustee of the Douglas Lancaster Trust
and Charles Kevin Compton as trustee
of the Kevin Compton Revocable Trust,
to acquire voting shares of Stone
Bancshares, Inc., of Mountain View,
Arkansas, and thereby acquire Stone
Bank, Mountain View, Arkansas.
Board of Governors of the Federal Reserve
System, July 7, 2016.
Margaret Shanks,
Deputy Secretary of the Board.
[FR Doc. 2016–16453 Filed 7–12–16; 8:45 am]
BILLING CODE 6210–01–P
GENERAL SERVICES
ADMINISTRATION
[Notice–MZ–2016–01; Docket No. 2016–
0002; Sequence No. 18]
Notice of Public Meeting Concerning
the Unified Shared Services
Management Office, Update on the
Federal Shared Services Ecosystem
Unified Shared Services
Management Office, Office of
Government-wide Policy (OGP), General
Services Administration (GSA).
ACTION: Meeting notice.
AGENCY:
This meeting is intended to
provide industry partners with an
SUMMARY:
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]]>Agencies
[Federal Register Volume 81, Number 134 (Wednesday, July 13, 2016)]
[Notices]
[Page 45289]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16453]
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FEDERAL RESERVE SYSTEM
Change in Bank Control Notices; Acquisitions of Shares of a Bank
or Bank Holding Company
The notificants listed below have applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and Sec. 225.41 of the Board's
Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank
holding company. The factors that are considered in acting on the
notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
The notices are available for immediate inspection at the Federal
Reserve Bank indicated. The notices also will be available for
inspection at the offices of the Board of Governors. Interested persons
may express their views in writing to the Reserve Bank indicated for
that notice or to the offices of the Board of Governors. Comments must
be received not later than July 28, 2016.
A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior
Manager) P.O. Box 442, St. Louis, Missouri 63166-2034. Comments can
also be sent electronically to Comments.applications@stls.frb.org:
1. Janive Blanchard, Russellville, Arkansas, as trustee of the
Blanchard Living Trust; Charles Bowen Blanchard, Russellville,
Arkansas; Charles H. Blanchard, Russellville, Arkansas; Cynthia
Blanchard, Russellville, Arkansas, individually and as co-trustee of
the William H. Bowen Share No. 2 Trust, the William H. Bowen Exempt
Share No. 1 QTIP Trust, and the William H. Bowen Nonexempt Share No. 1
QTIP Trust; Mary P. Hardman, Fayetteville, Arkansas, individually and
as co-trustee of the William H. Bowen Share No. 2 Trust, the William H.
Bowen Exempt Share No. 1 QTIP Trust, and the William H. Bowen Nonexempt
Share No. 1 QTIP Trust; and W. Scott Bowen, as co-trustee of the
William H. Bowen Share No. 2 Trust, the William H. Bowen Exempt Share
No. 1 QTIP Trust, and the William H. Bowen Nonexempt Share No. 1 QTIP
Trust, to acquire voting shares of First State Banking Corporation,
Russellville, Arkansas, and thereby acquire First State Bank,
Russellville, Arkansas.
2. James Troy ``J.T.'' Compton, Mountain View, Arkansas; Charles
Kevin Compton, Little Rock, Arkansas; Kris David Compton,
Hendersonville, North Carolina; James Kent ``Ken'' Compton, Conway,
Arkansas, each as a general partner and limited partner of the Compton
Stone Quarry Family Limited Partnership, LLLP, and as members of the
Compton family control group that also includes Lauren Ashley Compton,
Niva Compton Lancaster, Springfield, Missouri, as trustee of the Niva
Compton Lancaster GST Exempt Trust, Niva Compton Lancaster as trustee
of the Niva Lancaster Revocable Living Trust, Charles Daniels and Sonya
Daniels, both of Navarre, Florida, as co-trustees of the Daniels Family
Trust Dated 7/12/2006, Sonya Daniels as trustee of the Douglas
Lancaster Trust and Charles Kevin Compton as trustee of the Kevin
Compton Revocable Trust, to acquire voting shares of Stone Bancshares,
Inc., of Mountain View, Arkansas, and thereby acquire Stone Bank,
Mountain View, Arkansas.
Board of Governors of the Federal Reserve System, July 7, 2016.
Margaret Shanks,
Deputy Secretary of the Board.
[FR Doc. 2016-16453 Filed 7-12-16; 8:45 am]
BILLING CODE 6210-01-P
