Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 7506-7507 [05-2774]

Download as PDF 7506 Federal Register / Vol. 70, No. 29 / Monday, February 14, 2005 / Notices FR Y–3, Section 3(a)(3) and 3(a)(5): 59.5 hours; FR Y–3N, Sections 3(a)(1), 3(a)(3), and 3(a)(5): 5 hours; FR Y–4, complete notification: 12 hours; FR Y–4, expedited notification: 5 hours; and FR Y–4, post–consummation: 0.5 hours. Number of respondents: 556 General description of reports: This information collection is mandatory (12 U.S.C. 1842(a), 1844(b), and 1843(j)(1)(b)) and may be accorded confidential treatment under the Freedom of Information Act (5 U.S.C. 552 (b)(4)). Abstract: The Federal Reserve requires the application and the notifications for regulatory and supervisory purposes and to allow the Federal Reserve to fulfill its statutory obligations under the Bank Holding Company Act of 1956. The forms collect information concerning proposed BHC formations, acquisitions, and mergers, and proposed nonbanking activities. The Federal Reserve must obtain this information to evaluate each individual transaction with respect to permissibility, competitive effects, adequacy of financial and managerial resources, net public benefits, and impact on the convenience and needs of affected communities. Current Actions: The proposed modifications are technical in nature, as no material change in the relevant statutes and regulation has occurred since 2001. The proposed changes improve consistency within the three reporting forms, clarify certain language, and provide additional practical guidance to filers to reduce or avoid processing delays in the applications process. The reporting forms also have been modified to reflect substantial applications guidance and related reference material that was added to the Federal Reserve Board’s public website in May 2004. Each proposed change is intended to facilitate and clarify the overall filing process for a BHC. 3. Report title: International Applications and Prior Notifications under Subparts A and C of Regulation K Agency form number: FR K–1 OMB control number: 7100–0107 Frequency: Event–generated Reporters: State member banks, national banks, bank holding companies, Edge and agreement corporations, and certain foreign banking organizations Annual reporting hours: 772 hours Estimated average hours per response: Attachments A and B, 11.5 hours; VerDate jul<14>2003 15:28 Feb 11, 2005 Jkt 205001 Attachments C through G, 10 hours; Attachments H and I, 15.5 hours; Attachment J, 10 hours; Attachment K, 20 hours Number of respondents: 43 General description of report: This information collection is mandatory (12 U.S.C. 601–604(a), 611–631, 1843(c)(13), 1843(c)(14), and 1844(c)) and is not given confidential treatment. The applying organization has the opportunity to request confidentiality for information that it believes will qualify for a Freedom of Information Act exemption. Abstract: The FR K–1 comprises a set of applications and notifications that govern the formation of Edge or agreement corporations and the international and foreign activities of U.S. banking organizations. This set of applications and notifications is in the form of eleven attachments (labeled attachment A through K) and they collect information on projected financial data, purpose, location, activities, and management. The Federal Reserve requires these applications for regulatory and supervisory purposes and to allow the Federal Reserve to fulfill its statutory obligations under the Federal Reserve Act and the Bank Holding Company Act of 1956. Current Actions: The Federal Reserve proposes minor revisions to the applications and notifications in order to improve clarity, more accurately reflect what information U.S. banking organizations should provide, and request information that is considered necessary in evaluating proposals. Attachment A, Item 11, and Attachment B, Item 5, would be slightly modified by removing the parenthetical statement regarding operations of the branch and adding the words ‘‘assets and liabilities.’’ Attachment C, Item 7.a would be modified to remove the existing parenthetical about Edge corporation capitalization, which is considered no longer necessary. Attachment C, Item 9, would be modified to remove the word ‘‘banking’’ from the first line to reflect the fact that the item should be submitted by all foreign institutions, not just foreign banking institutions. Attachments H and I would be revised by adding a new question related to the Federal Reserve’s access to information. This new question requests the same information for foreign investments that is currently requested for foreign branches and is considered necessary in evaluating proposals. Attachments H and I would also be modified to add a footnote to clarify that the form should not be used for investments made by a bank holding company using financial holding PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 company authority. The Regulation K section citations on Attachment H would be corrected to accurately reflect when the form should be used. Board of Governors of the Federal Reserve System, February 8, 2005. Jennifer J. Johnson, Secretary of the Board. [FR Doc. 05–2740 Filed 2–11–05; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies 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 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 office 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 February 28, 2005. A. Federal Reserve Bank of Minneapolis (Jacqueline G. Nicholas, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. The Brian C. Barenscheer 2004 Revocable Trust – A, Minneapolis, Minnesota; Charles F. Diessner, trustee, Maple Grove, Minnesota; James P. Barenscheer, trustee, Bloomington, Minnesota; and John M. MacKany, trustee, Eden Prairie, Minnesota; to retain voting shares of American Bancorporation, St. Paul, Minnesota, and thereby indirectly retain voting shares of Olivia Bancorporation, Inc., St. Paul, Minnesota; American Bank of St. Paul, St. Paul, Minnesota, and American State Bank of Olivia, Olivia, Minnesota. 2. The Brian C. Barenscheer 2004 Revocable Trust – B, Minneapolis, Minnesota; Charles F. Diessner, trustee, Maple Grove, Minnesota; James P. Barenscheer, trustee, Bloomington, Minnesota; and John M. MacKany, trustee, Eden Prairie, Minnesota; to retain voting shares of Citizens Bancshares of Woodville, Inc., Woodville, Wisconsin, and thereby indirectly to retain voting shares of E:\FR\FM\14FEN1.SGM 14FEN1 7507 Federal Register / Vol. 70, No. 29 / Monday, February 14, 2005 / Notices Citizens State Bank, Hudson, Wisconsin. Board of Governors of the Federal Reserve System, February 8, 2005. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 05–2774 Filed 2–11–05; 8:45 am] BILLING CODE 6210–01–S DEPARTMENT OF HEALTH AND HUMAN SERVICES Administration for Children and Families Proposed Information Collection Activity; Comment Request Title: Head Start National Training and Technical Assistance System Quality Assurance Study. OMB No: New collection. Description: The Head Start National Training and Technical Assistance Quality Assurance Study is being undertaken to document and provide feedback on the work of the newly designed Head Start Training and Technical Assistance (T/TA) system. The Head Start Bureau awarded this contract to Mathematica Policy Research, Inc., and its subcontractor, Xtria LLC, in October 2004. Providing training and technical assistance has long been a crucial component of the national-regional Head Start system. Through the new T/ TA system, however, the Head Start Bureau has placed greater emphasis on quality and consistency of T/TA service delivery. Under the new T/TA system, the Head Start Bureau’s T/TA Branch annually sets national priorities. Regional Office T/TA liaisons oversee the system’s 12 contracts, awarded in December 2003, which include locally based content experts in the areas of disabilities, early literacy, child development, fiscal administration and management, health, and family and community partnerships. These content experts support locally based TA specialists (TAS), who work with a caseload of 10 to 12 programs to develop T/TA training plans based on each grantee’s self-assessment and the results from the Program Review Instrument for Systems Monitoring (PRISM) process. National contractors provide training and other resources according to priorities determined by the Head Start Bureau and in line with Administration initiatives. Programs can also use their special T/TA grant funds and, when necessary, additional funds from their basic Head Start grant funds to hire consultants or attend training events. In addition, through Higher Education Grants, universities provide coursework to meet Head Start staff’s credentialing needs in partnership with Head Start programs. The Higher Education grantees (HEGs) are organized into three consortia, representing Historically Black Colleges and Universities, Tribal Colleges and Universities and Hispanic/ Latino-serving institutions. For the regional Head Start system, the Quality Assurance Study will assess (1) each Head Start region’s implementation and structure of the new system, (2) regional T/TA strategies and services provided to grantees, (3) grantees’ progress in assessing T/TA needs and identifying appropriate ways to meet those needs, (4) grantees’ annual T/TA plans, and (5) grantees’ perceptions about the system’s impact on program quality and child outcomes. The study also will analyze whether the HEGs meet their goal of increasing the early childhood credentials of Head Start staff and teachers. In 2005, the study will collect information about the delivery of T/TA services to Head Start and Early Head Start programs through site visits to 48 representative programs (about 4 per region) and site visits to 15 HEGs (5 of each of the 3 types of HEGs). In 2006, the study will visit 36 of the 48 representative Head Start and Early Head Start programs to learn about changes in the T/TA system. All data collection activities have been designed to minimize the burden on respondents by minimizing the time required to respond. Participation in the study is voluntary. The research will provide the Head Start Bureau and the Administration for Children and Families with information about exemplary practices as well as areas in the T/TA system that could be improved. Respondents: Early Head Start and Head Start directors, coordinators, specialists, center administrators, teachers and home visitors; locally based TA specialists; university-based HEG project directors, university faculty, Head Start program administrators, and Head Start program staff and teachers. ESTIMATED RESPONSE BURDEN FOR RESPONDENTS FOR THE HEAD START T/TA QUALITY ASSURANCE STUDY Number of respondents Instrument Number of responses per respondent Average burden per response (hours) Total burden (hours) Program Site Visit Protocols (2005) Director ............................................................................................................ Coordinator/Specialist (group) ......................................................................... Center Administrator (group) ........................................................................... Teacher/Home Visitor (group) ......................................................................... Locally Based TA Specialist ............................................................................ Program Reviews a ........................................................................................... 48 144 288 480 48 48 1 1 1 1 1 1 1.5 1.25 1.25 1.25 1.5 .5 72 180 360 600 72 24 HEG Project Director/Coordinator ................................................................... HEG Staff/Faculty (group) ............................................................................... HS Director ...................................................................................................... HS Staff (group) ............................................................................................... 15 45 30 60 1 1 1 1 1.5 1 1 1 22.5 45 30 60 Total for 2005 ........................................................................................... ........................ ........................ ........................ 1,465.5 1 1 1.5 1.25 54 135 HEG Site Visit Protocols (2005) Grantee Site Visit Protocols (2006) Director ............................................................................................................ Coordinator/Specialist (group) ......................................................................... VerDate jul<14>2003 15:28 Feb 11, 2005 Jkt 205001 PO 00000 Frm 00040 Fmt 4703 Sfmt 4703 36 108 E:\FR\FM\14FEN1.SGM 14FEN1

Agencies

[Federal Register Volume 70, Number 29 (Monday, February 14, 2005)]
[Notices]
[Pages 7506-7507]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-2774]


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

FEDERAL RESERVE SYSTEM


Change in Bank Control Notices; Acquisition of Shares of Bank or 
Bank Holding Companies

    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 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 office 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 February 28, 2005.
    A. Federal Reserve Bank of Minneapolis (Jacqueline G. Nicholas, 
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. The Brian C. Barenscheer 2004 Revocable Trust - A, Minneapolis, 
Minnesota; Charles F. Diessner, trustee, Maple Grove, Minnesota; James 
P. Barenscheer, trustee, Bloomington, Minnesota; and John M. MacKany, 
trustee, Eden Prairie, Minnesota; to retain voting shares of American 
Bancorporation, St. Paul, Minnesota, and thereby indirectly retain 
voting shares of Olivia Bancorporation, Inc., St. Paul, Minnesota; 
American Bank of St. Paul, St. Paul, Minnesota, and American State Bank 
of Olivia, Olivia, Minnesota.
    2. The Brian C. Barenscheer 2004 Revocable Trust - B, Minneapolis, 
Minnesota; Charles F. Diessner, trustee, Maple Grove, Minnesota; James 
P. Barenscheer, trustee, Bloomington, Minnesota; and John M. MacKany, 
trustee, Eden Prairie, Minnesota; to retain voting shares of Citizens 
Bancshares of Woodville, Inc., Woodville, Wisconsin, and thereby 
indirectly to retain voting shares of

[[Page 7507]]

Citizens State Bank, Hudson, Wisconsin.

    Board of Governors of the Federal Reserve System, February 8, 
2005.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 05-2774 Filed 2-11-05; 8:45 am]
BILLING CODE 6210-01-S
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.