Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 21790-21791 [05-8393]
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21790
Federal Register / Vol. 70, No. 80 / Wednesday, April 27, 2005 / Notices
cap calculation, an FBO seeking to
maximize its daylight overdraft capacity
may find it advantageous to file the FR
2225. An FBO that does not file FR 2225
may use an alternative capital measure
based on its nonrelated liabilities.
Current actions: On February 14,
2005, the Federal Reserve issued for
public comment proposed revisions to
the FR 2225 (70 FR 7504). The revisions
included making the reporting of foreign
currency translations consistent with
the reporting requirements detailed in
other Federal Reserve information
collections, resulting in the deletion of
an item from the reporting form. The
Federal Reserve did not receive any
comments. The changes will be
implemented as proposed.
2. Report titles: Application for Prior
Approval to Become a Bank Holding
Company, or for a Bank Holding
Company to Acquire an Additional
Bank or Bank Holding Company; Notice
for Prior Approval to Become a Bank
Holding Company, or for a Bank
Holding Company to Acquire an
Additional Bank or Bank Holding
Company; and Notification for Prior
Approval to Engage Directly or
Indirectly in Certain Nonbanking
Activities.
Agency form numbers: FR Y–3, FR Y–
3N, and FR Y–4.
OMB control number: 7100–0121.
Frequency: Event-generated.
Reporters: Corporations seeking to
become bank holding companies
(BHCs), or BHCs and state chartered
banks that are members of the Federal
Reserve System.
Annual reporting hours: 19,100 hours.
Estimated average hours per response:
FR Y–3, Section 3(a)(1): 49 hours; 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
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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: On February 14,
2005, the Federal Reserve issued for
public comment proposed revisions to
the FR Y–3, FR Y–3N, and FR Y–4 (70
FR 7504). 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 Web site in May 2004. Each
proposed change is intended to facilitate
and clarify the overall filing process for
a BHC. The Federal Reserve did not
receive any comments. The changes will
be implemented as proposed.
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;
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
PO 00000
Frm 00061
Fmt 4703
Sfmt 4703
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: On February 14,
2005, the Federal Reserve issued for
public comment proposed revisions to
the FR K–1 (70 FR 7504). The Federal
Reserve revised 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, was
slightly modified by removing the
parenthetical statement regarding
operations of the branch and adding the
words ‘‘assets and liabilities.’’
Attachment C, Item 7.a was modified to
remove the existing parenthetical about
Edge corporation capitalization, which
is considered no longer necessary.
Attachment C, Item 9, was 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 were
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 were also 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 company authority.
The Regulation K section citations on
Attachment H were corrected to
accurately reflect when the form should
be used. The Federal Reserve did not
receive any comments. The changes will
be implemented as proposed.
Board of Governors of the Federal Reserve
System, April 21, 2005.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 05–8392 Filed 4–26–05; 8:45 am]
BILLING CODE 6210–01–P
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Federal Register / Vol. 70, No. 80 / Wednesday, April 27, 2005 / Notices
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 May 11,
2005.
A. Federal Reserve Bank of New
York (Jay Bernstein, Bank Supervision
Officer) 33 Liberty Street, New York,
New York 10045-0001:
1. George E. Scharpf; Patricia M.
Scharpf; and G. Gregory Scharpf, all of
Colts Neck, New Jersey; Eric Francis
Scharpf, Haverford, Pennsylvania;
Elizabeth M. Scharpf, Colts Neck, New
Jersey; George E. Scharpf Irrevocable
Trust, Old Bridge, New Jersey; Joseph J.
DiSepio, Jamesburg, New Jersey;
Margueritte DiSepio, Jamesburg, New
Jersey; Estate of Ernest J. Scharpf, Jr.,
Jamesburg, New Jersey; The EJ Scharpf
Foundation, Old Bridge, New Jersey;
George E. Scharpf Trust for the benefit
of Ernest J. Scharpf, Old Bridge, New
Jersey; to retain voting shares of Amboy
Bancorporation, Old Bridge, New Jersey,
and thereby indirectly retain voting
shares of Amboy National Bank, Old
Bridge, New Jersey.
B. Federal Reserve Bank of Chicago
(Patrick M. Wilder, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690-1414:
1. Walter Carlson, Naples, Florida,
and Dennis Shull, Indianola, Iowa; to
acquire additional voting shares of
Morning Sun Bank Corp., Morning Sun,
Iowa, and thereby indirectly acquire
voting shares of Iowa State Bank,
Wapello,Iowa.
C. Federal Reserve Bank of Kansas
City (Donna J. Ward, Assistant Vice
President) 925 Grand Avenue, Kansas
City, Missouri 64198-0001:
1. T. Coleman Andrews, III, Jackson,
Wyoming; Everette G. Allen, Jr.,
Richmond, Virginia; Allen S. Andrews,
Middleburg, Virginia; Timothy A.
Anonick, Midlothian, Virginia; John C.
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Backus, Jr., Great Falls, Virginia; David
F. Bullock, Alpin, Utah; Marvin P. Bush,
Alexandria, Virginia; Christopher H.
Daniell, Hopkinton, New Hampshire;
Laurence C. Fentriss, Richmond,
Virginia; Davila Jaime, McAllen, Texas;
Ronald P. Mika, Alpine, Utah; Geoffrey
S. Rehnert, Weston, Massachusetts;
Kevin W. Wilson, Virginia Beach,
Virginia; and Marc B. Wolpow,
Wellesley, Massachusetts; to acquire
voting shares of Rock Springs American
Bancorporation, Inc., and thereby
indirectly acquire voting shares of
American National Bank of Rock
Springs, both of Rock Springs,
Wyoming.
Board of Governors of the Federal Reserve
System, April 21, 2005.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 05–8393 Filed 4–26–05; 8:45 am]
BILLING CODE 6210–01–S
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
PO 00000
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21791
indicated or the offices of the Board of
Governors not later than May 20, 2005.
A. Federal Reserve Bank of Atlanta
(Andre Anderson, Vice President) 1000
Peachtree Street, N.E., Atlanta, Georgia
30303:
1. Heritage First Bancshares, Inc.,
Rome, Georgia; to become a bank
holding company by acquiring 100
percent of the voting shares of DeKalb
Bank, Crossville, Alabama.
B. Federal Reserve Bank of Dallas
(W. Arthur Tribble, Vice President) 2200
North Pearl Street, Dallas, Texas 752012272:
1. CSAB Holdings, L.L.C., Dallas,
Texas; to become a bank holding
company by acquiring 36 percent of the
voting shares of Parkway National
Bancshares, Inc., Plano, Texas, and
thereby indirectly acquire Parkway
National Bancshares of Delaware, Inc.,
Wilmington, Delaware, and Parkway
Bank, N.A., Plano, Texas.
Board of Governors of the Federal Reserve
System, April 21, 2005.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 05–8395 Filed 4–26–05; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in
Permissible Nonbanking Activities or
to Acquire Companies that are
Engaged in Permissible Nonbanking
Activities
The companies listed in this notice
have given notice under section 4 of the
Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y (12
CFR Part 225) to engage de novo, or to
acquire or control voting securities or
assets of a company, including the
companies listed below, that engages
either directly or through a subsidiary or
other company, in a nonbanking activity
that is listed in § 225.28 of Regulation Y
(12 CFR 225.28) or that the Board has
determined by Order to be closely
related to banking and permissible for
bank holding companies. Unless
otherwise noted, these activities will be
conducted throughout the United States.
Each notice is available for inspection
at the Federal Reserve Bank indicated.
The notice also will be available for
inspection at the offices of the Board of
Governors. Interested persons may
express their views in writing on the
question whether the proposal complies
with the standards of section 4 of the
BHC Act. Additional information on all
bank holding companies may be
obtained from the National Information
Center website at www.ffiec.gov/nic/.
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]]>Agencies
[Federal Register Volume 70, Number 80 (Wednesday, April 27, 2005)]
[Notices]
[Pages 21790-21791]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-8393]
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[[Page 21791]]
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 May 11, 2005.
A. Federal Reserve Bank of New York (Jay Bernstein, Bank
Supervision Officer) 33 Liberty Street, New York, New York 10045-0001:
1. George E. Scharpf; Patricia M. Scharpf; and G. Gregory Scharpf,
all of Colts Neck, New Jersey; Eric Francis Scharpf, Haverford,
Pennsylvania; Elizabeth M. Scharpf, Colts Neck, New Jersey; George E.
Scharpf Irrevocable Trust, Old Bridge, New Jersey; Joseph J. DiSepio,
Jamesburg, New Jersey; Margueritte DiSepio, Jamesburg, New Jersey;
Estate of Ernest J. Scharpf, Jr., Jamesburg, New Jersey; The EJ Scharpf
Foundation, Old Bridge, New Jersey; George E. Scharpf Trust for the
benefit of Ernest J. Scharpf, Old Bridge, New Jersey; to retain voting
shares of Amboy Bancorporation, Old Bridge, New Jersey, and thereby
indirectly retain voting shares of Amboy National Bank, Old Bridge, New
Jersey.
B. Federal Reserve Bank of Chicago (Patrick M. Wilder, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. Walter Carlson, Naples, Florida, and Dennis Shull, Indianola,
Iowa; to acquire additional voting shares of Morning Sun Bank Corp.,
Morning Sun, Iowa, and thereby indirectly acquire voting shares of Iowa
State Bank, Wapello,Iowa.
C. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
1. T. Coleman Andrews, III, Jackson, Wyoming; Everette G. Allen,
Jr., Richmond, Virginia; Allen S. Andrews, Middleburg, Virginia;
Timothy A. Anonick, Midlothian, Virginia; John C. Backus, Jr., Great
Falls, Virginia; David F. Bullock, Alpin, Utah; Marvin P. Bush,
Alexandria, Virginia; Christopher H. Daniell, Hopkinton, New Hampshire;
Laurence C. Fentriss, Richmond, Virginia; Davila Jaime, McAllen, Texas;
Ronald P. Mika, Alpine, Utah; Geoffrey S. Rehnert, Weston,
Massachusetts; Kevin W. Wilson, Virginia Beach, Virginia; and Marc B.
Wolpow, Wellesley, Massachusetts; to acquire voting shares of Rock
Springs American Bancorporation, Inc., and thereby indirectly acquire
voting shares of American National Bank of Rock Springs, both of Rock
Springs, Wyoming.
Board of Governors of the Federal Reserve System, April 21,
2005.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 05-8393 Filed 4-26-05; 8:45 am]
BILLING CODE 6210-01-S
