Change in Bank Control Notices, Acquisition of Shares of Bank or Bank Holding Companies; Correction, 48929 [E6-13893]

Download as PDF cprice-sewell on PROD1PC66 with NOTICES Federal Register / Vol. 71, No. 162 / Tuesday, August 22, 2006 / Notices Memorandum items in accordance with the applicable instructions. In addition, the agencies are providing guidance concerning the reporting of brokered certificates of deposit issued in $1,000 amounts under a master certificate of deposit in the revised Schedule O items and in Schedule E of the FFIEC 002. For these so–called ‘‘retail brokered deposits,’’ multiple purchases by individual depositors from an individual FDIC– insured branch normally do not exceed the applicable deposit insurance limit (either $100,000 or $250,000), but under current deposit insurance rules the deposit broker is not required to provide information routinely on these purchasers and their account ownership capacity to the insured branch issuing the deposits. For purposes of revised Schedule O, Memorandum item 1, multiple accounts of the same depositor should not be aggregated. Therefore, in the absence of information on account ownership capacity for retail brokered certificates of deposit in $1,000 amounts, which are rebuttably presumed to be fully insured deposits, branches issuing these brokered deposits should include them in Schedule O, Memorandum item 1, as ‘‘Deposit accounts of $100,000 or less.’’ Furthermore, these brokered certificates of deposit in $1,000 amounts should not be included in Schedule E, Memorandum item 1.a, ‘‘Time deposits of 100,000 or more,’’ or Memorandum item 1.c, ‘‘Time certificates of deposit of $100,000 or more with remaining maturity of more than 12 months.’’ 2. The caption for Memorandum item 1 will be footnoted to state that the specific dollar amounts used as the basis for reporting the number and amount of deposit accounts in Memorandum items 1.a through 1.d reflect the deposit insurance limits in effect on the report date. This footnote will ensure that the dollar amount cited in the caption changes automatically as a function of the deposit insurance limit in effect on the report date. The instructions for this Memorandum item will be similarly clarified. For further details, see the Call Report Federal Register notices published on November 8, 2002, and March 4, 2003 (67 FR 68229 and 68 FR 10310, respectively). 3. Memorandum items 2.a and 2.b will be replaced and redefined as Memorandum item 2, ‘‘Estimated amount of uninsured deposits in the branch (excluding IBF),’’ and will be completed only by FDIC–insured branches with $1 billion or more in total claims on nonrelated parties. For further details, see the Call Report Federal Register notices published on October VerDate Aug<31>2005 15:34 Aug 21, 2006 Jkt 208001 18, 2001, February 28, 2002, August 23, 2005, and February 17, 2006 (66 FR 52973, 67 FR 9355, 70 FR 49363, and 71 FR 8649, respectively). Request for Comment Comments are invited on: a. Whether the information collection is necessary for the proper performance of the agencies’ functions, including whether the information has practical utility; b. The accuracy of the agencies’ estimates of the burden of the information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or start up costs and costs of operation, maintenance, and purchase of services to provide information. Comments submitted in response to this notice will be shared among the agencies. All comments will become a matter of public record. Written comments should address the accuracy of the burden estimates and ways to minimize burden including the use of automated collection techniques or other forms of information technology as well as other relevant aspects of the information collection request. Board of Governors of the Federal Reserve System, August 16, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–13833 Filed 8–21–06; 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; Correction This notice corrects a notice (FR Doc. E6-12011) published on page 42642 of the issue for Thursday, July 27, 2006. Under the Federal Reserve Bank of Richmond heading, the entry for Richrd Jarrell, Freda Jarrell, Carol Jarrell, Robert Jarrell, and Robin Jarrell, all of Whitesville, West Virginia, is revised to read as follows: A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528: 1. Richard Jarrell, Freda Jarrell, Carol Jarrell, Robert Jarrell, and Robin Jarrell, PO 00000 Frm 00023 Fmt 4703 Sfmt 4703 48929 all of Whitesville, West Virginia; as a group acting in concert to retain voting shares of Big Coal River Bancorp, Inc., Whitesville, West Virginia, and thereby indirectly retain voting shares of Whitesville State Bank, Whitesville, West Virginia. Comments on this application must be received by September 1, 2006. Board of Governors of the Federal Reserve System, August 17, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–13892 Filed 8–21–06; 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; Correction This notice corrects a notice (FR Doc. E6-12874) published on page 45049 of the issue for Tuesday, August 8, 2006. Under the Federal Reserve Bank of Richmond heading, the entry for Robert Milam, Jr., Robert Milam, Melissa Milam, Jada Milam, Kevin Milam, Lloyd Jarrell; and other members of the Milam family, Whitesville, West Virginia, is revised to read as follows: A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528: 1. Robert Milam, Jr., to individually retain voting shares of, and Robert Milam, Jr.; Robert Milam; Melissa Milam; Jada Milam; Kevin Milam; Lloyd Jarrell; and other members of the Milam family, Whitesville, West Virginia, as a group acting in concert, to retain voting shares of Big Coal River Bancorp, Inc., Whitesville, West Virginia, and thereby indirectly retain voting shares of Whitesville State Bank, Whitesville, West Virginia. Comments on this application must be received by September 1, 2006. Board of Governors of the Federal Reserve System, August 17, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–13893 Filed 8–22–06; 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 E:\FR\FM\22AUN1.SGM 22AUN1

Agencies

[Federal Register Volume 71, Number 162 (Tuesday, August 22, 2006)]
[Notices]
[Page 48929]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-13893]


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FEDERAL RESERVE SYSTEM


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

    This notice corrects a notice (FR Doc. E6-12874) published on page 
45049 of the issue for Tuesday, August 8, 2006.
    Under the Federal Reserve Bank of Richmond heading, the entry for 
Robert Milam, Jr., Robert Milam, Melissa Milam, Jada Milam, Kevin 
Milam, Lloyd Jarrell; and other members of the Milam family, 
Whitesville, West Virginia, is revised to read as follows:
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Robert Milam, Jr., to individually retain voting shares of, and 
Robert Milam, Jr.; Robert Milam; Melissa Milam; Jada Milam; Kevin 
Milam; Lloyd Jarrell; and other members of the Milam family, 
Whitesville, West Virginia, as a group acting in concert, to retain 
voting shares of Big Coal River Bancorp, Inc., Whitesville, West 
Virginia, and thereby indirectly retain voting shares of Whitesville 
State Bank, Whitesville, West Virginia.
    Comments on this application must be received by September 1, 2006.

    Board of Governors of the Federal Reserve System, August 17, 
2006.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E6-13893 Filed 8-22-06; 8:45 am]
BILLING CODE 6210-01-S