Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 3846-3847 [E6-807]

Download as PDF 3846 Federal Register / Vol. 71, No. 15 / Tuesday, January 24, 2006 / Notices Current action: The Federal Reserve proposes to delete three items related to bankers acceptances, consistent with proposed changes to the Call Report and to make minor clarifications to the reporting form and instructions. Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following report: 1. Report title: Bank Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates Agency form number: FR Y–8 OMB control number: 7100–0126 Frequency: Quarterly Reporters: All top–tier bank holding companies (BHCs), including financial holding companies (FHCs), and foreign banking organizations (FBOs) that directly own U.S. subsidiary banks. Annual reporting hours: 53,419 hours Estimated average hours per response: Institutions with covered transactions, 7.8 hours; institutions without covered transactions, 1 hour Number of respondents: 6,310 General description of report: This information collection is mandatory (section 5(c)) of the Bank Holding Company Act (12 U.S.C. 1844(c)) and section 225.5(b) of Regulation Y (12 CFR 225.5(b)) and is given confidential treatment (5 U.S.C 552(b)(4) and (8)). Abstract: This reporting form collects information on transactions between an insured depository institution and its affiliates that are subject to section 23A of the Federal Reserve Act. The primary purpose of the data is to enhance the Federal Reserve’s ability to monitor bank exposures to affiliates and to ensure banks’ compliance with section 23A of the Federal Reserve Act. Section 23A of the Federal Reserve Act is one of the most important statutes on limiting exposures to individual institutions and protecting against the expansion of the federal safety net. rmajette on PROD1PC67 with NOTICES1 Proposal to approve under OMB delegated authority the discontinuance of the following reports: 1. Report title: Weekly Report of Eurodollar Liabilities Held by Selected U.S. Addressees at Foreign Offices of U.S. Banks Agency form number: FR 2050 OMB Control number: 7100–0068 Effective Date: Respondents will submit their final data for the reporting week ending March 6, 2006. Frequency: Weekly Reporters: Foreign branches and banking subsidiaries of U.S. depository institutions. Annual reporting hours: 1,872 hours VerDate Aug<31>2005 14:44 Jan 23, 2006 Jkt 208001 Estimated average hours per response: 1.0 hour Number of respondents: 36 General description of report: This information collection is voluntary (12 U.S.C. §§ 248(a)(2), 353 et seq., 461, 602, and 625). Individual respondent’s data are confidential under section (b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)). Abstract: The report collects data on Eurodollar deposits payable to nonbank U.S. addressees from foreign branches and subsidiaries of U.S. commercial banks and Edge and agreement corporations. The data are used for the construction of the Eurodollar component of the monetary aggregates and for analysis of banks’ liability management practices. Current Actions: The Board of Governors of the Federal Reserve System announced on November 10, 2005, that it would cease publication of the M3 monetary aggregate on March 23, 2006. M3 does not appear to contain any additional information about economic activity that is not already embodied in M2. Moreover, the role of M3 in the monetary policy process has greatly diminished over time. The costs to the Federal Reserve and the private sector of collecting data and publishing M3 now outweigh the benefits. The discontinuation of this report will reduce private sector burden by 1,872 hours per year. 2. Report title: Report of Repurchase Agreements (RPs) on U.S. Government and Federal Agency Securities with Specified Holders Agency form number: FR 2415 OMB Control number: 7100–0074 Effective Date: Weekly reporters will submit their final FR 2415 for the report week ending March 6, 2006. Quarterly reporters will submit their final data for the week containing the last calendar day of December 2005. Since annual reporters submit data for the week containing June 30, they will no longer file the FR 2415. Frequency: Weekly, quarterly, or annually Reporters: U.S chartered commercial banks, U.S branches and agencies of foreign banks, thrift institutions, and credit unions Annual reporting hours: 2,615 hours Estimated average hours per response: 30 minutes Number of respondents: 84 weekly, 128 quarterly, and 350 annually Small businesses are not affected. General description of report: This information collection is voluntary (12 U.S.C. 248(a)(2) and 3105(b)) and is given confidential treatment (5 U.S.C. 552(b)(4)). PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 Abstract: This voluntary report collects one data item, repurchase agreements (RPs), in denominations of $100,000 or more, in immediately– available funds, on U.S. government and federal agency securities, transacted with specified holders. Depository institutions file the FR 2415 report weekly, quarterly or annually depending on the volume of their RPs. In general, the larger the respondent’s level of RPs, the more frequent is its reporting. The weekly panel reports daily data once each week; the quarterly panel files daily data for the four one– week reporting periods that contain quarter–end dates; the annual panel reports daily data only for the week encompassing June 30 each year. The primary purpose of the data is for construction of the RP component of the M3 monetary aggregate and for analysis of depository institutions’ funding practices. Current Actions: The Board of Governors of the Federal Reserve System announced on November 10, 2005, that it would cease publication of the M3 monetary aggregate on March 23, 2006. M3 does not appear to contain any additional information about economic activity that is not already embodied in M2. Moreover, the role of M3 in the monetary policy process has greatly diminished over time. The costs to the Federal Reserve and the private sector of collecting data and publishing M3 now outweigh the benefits. The discontinuation of this report will reduce private sector burden by 2,615 hours per year. Board of Governors of the Federal Reserve System, January 19, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6–804 Filed 1–23–06; 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. E:\FR\FM\24JAN1.SGM 24JAN1 Federal Register / Vol. 71, No. 15 / Tuesday, January 24, 2006 / Notices 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 8, 2006. A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 1000 Peachtree Street, NE., Atlanta, Georgia 30303: 1. David F. Barker, Kyle D. Barker, Julia K. Barker, all of Dunlap, Tennessee, and Dorris B. Birchett, Cohutta, Georgia; to acquire voting shares of Sequatchie County Bancorp, Inc., and thereby indirectly acquire voting shares of Mountain Valley Bank, both of Dunlap, Tennessee. Board of Governors of the Federal Reserve System, January 19, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–807 Filed 1–23–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM rmajette on PROD1PC67 with NOTICES1 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 Web site at http://www.ffiec.gov/nic/. Unless otherwise noted, comments regarding each of these applications VerDate Aug<31>2005 14:44 Jan 23, 2006 Jkt 208001 must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than February 17, 2006. A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 1000 Peachtree Street, NE., Atlanta, Georgia 30303: 1. Floridian Financial Group, Inc., Ormond Beach, Florida; to become a bank holding company by acquiring 100 percent of the voting shares of Floridian Bank, Ormond Beach, Florida (in organization). B. Federal Reserve Bank of Chicago (Patrick M. Wilder, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414: 1. First National Bancorp, Inc., Kalamazoo, Michigan; to become a bank holding company by acquiring 100 percent of the voting shares of First National Bank of Michigan, Kalamazoo, Michigan. Board of Governors of the Federal Reserve System, January 19, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–806 Filed 1–23–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Sunshine Act Meeting Board of Governors of the Federal Reserve System. TIME AND DATE: 12 p.m., Monday, January 30, 2006. PLACE: Marriner S. Eccles Federal Reserve Board Building, 20th and C Streets, NW., Washington, DC 20551. STATUS: Closed. MATTERS TO BE CONSIDERED: 1. Personnel actions (appointments, promotions, assignments, reassignments, and salary actions) involving individual Federal Reserve System employees. 2. Any items carried forward from a previously announced meeting. FOR FURTHER INFORMATION CONTACT: Michelle A. Smith, Director, Office of Board Members; 202–452–2955. SUPPLEMENTARY INFORMATION: You may call 202–452–3206 beginning at approximately 5 p.m. two business days before the meeting for a recorded announcement of bank and bank holding company applications scheduled for the meeting; or you may contact the Board’s Web site at http:// www.federalreserve.gov for an electronic announcement that not only lists applications, but also indicates AGENCY HOLDING THE MEETING: PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 3847 procedural and other information about the meeting. Dated: January 20, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 06–715 Filed 1–20–06; 3:13 pm] BILLING CODE 6210–01–P GENERAL SERVICES ADMINISTRATION [OMB Control No. 3090–0044] Public Buildings Service; Information Collection; GSA Form 3453, Application/Permit for Use of Space in Public Buildings and Grounds Public Buildings Service, GSA. Notice of request for comments regarding a renewal to an existing OMB clearance. AGENCY: ACTION: SUMMARY: Under the provisions of the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the General Services Administration will be submitting to the Office of Management and Budget (OMB) a request to review and approve a renewal of a currently approved information collection requirement regarding GSA Form 3453, Application/ Permit for Use of Space in Public Buildings and Grounds. The clearance currently expires on May 31, 2006. Public comments are particularly invited on: Whether this collection of information is necessary and whether it will have practical utility; whether our estimate of the public burden of this collection of information is accurate, and based on valid assumptions and methodology; ways to enhance the quality, utility, and clarity of the information to be collected. DATES: Submit comments on or before: March 27, 2006. FOR FURTHER INFORMATION CONTACT: Frank Giblin, Public Buildings Service, at telephone (202) 501–1856, or via email to frank.giblin@gsa.gov. ADDRESSES: Submit comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to the Regulatory Secretariat (VIR), General Services Administration, Room 4035, 1800 F Street, NW., Washington, DC 20405. Please cite OMB Control No. 3090–0044, GSA Form 3453, Application/Permit for Use of Space in Public Buildings and Grounds, in all correspondence. SUPPLEMENTARY INFORMATION: A. Purpose The general public uses GSA Form 3453, Application/Permit for Use of E:\FR\FM\24JAN1.SGM 24JAN1

Agencies

[Federal Register Volume 71, Number 15 (Tuesday, January 24, 2006)]
[Notices]
[Pages 3846-3847]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-807]


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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. [thinsp]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.

[[Page 3847]]

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 8, 2006.
    A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 
1000 Peachtree Street, NE., Atlanta, Georgia 30303:
    1. David F. Barker, Kyle D. Barker, Julia K. Barker, all of Dunlap, 
Tennessee, and Dorris B. Birchett, Cohutta, Georgia; to acquire voting 
shares of Sequatchie County Bancorp, Inc., and thereby indirectly 
acquire voting shares of Mountain Valley Bank, both of Dunlap, 
Tennessee.

    Board of Governors of the Federal Reserve System, January 19, 
2006.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E6-807 Filed 1-23-06; 8:45 am]
BILLING CODE 6210-01-S