Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 33225-33226 [E7-11554]
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jlentini on PROD1PC65 with NOTICES
Federal Register / Vol. 72, No. 115 / Friday, June 15, 2007 / Notices
volume transfer agents voluntarily file
the notice on occasion with the Federal
Reserve. Transfer agents are institutions
that provide securities transfer,
registration, monitoring, and other
specified services on behalf of securities
issuers. The purpose of the notice,
which is effective until the agent
withdraws it, is to claim exemption
from certain rules and regulations of the
Securities and Exchange Commission
(SEC). The Federal Reserve uses the
notices for supervisory purposes
because the SEC has assigned to the
Federal Reserve responsibility for
collecting the notices and verifying their
accuracy through examinations of the
respondents. There is no formal
reporting form, and each notice is filed
as a letter.
3. Report title: Investment in Bank
Premises Notification
Agency form number: FR 4014
OMB control number: 7100–0139
Frequency: On occasion
Reporters: State member banks
Annual reporting hours: 18
Estimated average hours per response:
30 minutes
Number of respondents: 36
General description of report: This
information collection is mandatory (12
U.S.C. 371d(a)) and is not given
confidential treatment.
Abstract: The Federal Reserve System
requires a state member bank to seek
prior Federal Reserve approval before
making an investment in bank premises
that exceeds certain thresholds. There is
no formal reporting form, and each
required request for prior approval must
be filed as a notification with the
appropriate Reserve Bank of the state
member bank. The Federal Reserve uses
the information provided in the notice
to fulfill its statutory obligation to
supervise state member banks.
4. Report title: Information Collections
Related to the Gramm–Leach–Bliley
(GLB) Act
Agency form number: FR 4010, FR
4011, FR 4012, FR 4017, FR 4019, and
FR 4023
OMB control number: 7100–0292
Frequency: On occasion
Reporters: BHCs, foreign banking
organizations (FBOs), and state member
banks
Annual reporting hours: 2,421 hours
Estimated average hours per response:
FR 4010: BHC 3 hours, FBOs 3.5 hours;
FR 4011: 10 hours; FR 4012: BHCs
decertified as financial holding
companies(FHCs) 1 hour, FHCs back
into compliance 10 hours; FR 4017: 4
hours; FR 4019: 1 hour; FR 4023: 50
hours
Number of respondents: FR 4010:
BHC 49, FBOs 8; FR 4011: 4; FR 4012:
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BHCs decertified as financial holding
companies (FHCs) 11, FHCs back into
compliance 28; FR 4017: 2; FR 4019:
Regulatory relief requests 5, Portfolio
company notification 2; FR 4023: 38
General description of report: The FR
4010 is required to obtain a benefit and
is authorized under Section 4(l)(1)(C) of
the BHC Act, 12 U.S.C. § 1843(l)(l)(C);
section 8(a) of the International Banking
Act, 12 U.S.C. § 3106(a); and sections
225.82 and 225.91 of Regulation Y, 12
C.F.R. 225.82 and 225.91.
The FR 4011 is voluntary and is
authorized under Sections 4(j) and 4(k)
of the BHC Act, 12 U.S.C. § 1843(j)
through (k); and sections 225.88, and
225.89, of Regulation Y, 12 C.F.R.
225.88, and 225.89.
The FR 4012 is mandatory and is
authorized under Section 4(l)(1) and
4(m) of the BHC Act, 12 U.S.C. §
1843(l)(1) and (m); section 8(a) of the
International Banking Act, 12 U.S.C. §
3106(a); and sections 225.83 and 225.93
of Regulation Y, 12 C.F.R. 225.83 and
225.93.
The FR 4017 is required to obtain a
benefit and is authorized under Section
9 of the Federal Reserve Act, 12 U.S.C.
§ 335; and section 208.76 of Regulation
H, 12 C.F.R. 208.76.
The FR 4019 is required to obtain a
benefit and is authorized under Section
4(k)(7) of the BHC Act, 12 U.S.C. §
1843(k)(7); and sections 225.171(e)(3),
225.172(b)(4), and 225.173(c)(2) of
Regulation Y, 12 C.F.R. 225.171(e)(3),
225.172(b)(4), and 225.173(c)(2).
The FR 4023 is mandatory and is
authorized under Section 4(k)(7) of the
BHC Act, 12 U.S.C. § 1843(k)(7); and
sections 225.171(e)(4) and 225.175 of
Regulation Y, 12 C.F.R. 225.171(e)(4)
and 225.175.
For the FR 4010, FR 4011, FR 4017,
and FR 4019, a company may request
confidential treatment of the
information contained in these
information collections pursuant to
section (b)(4) and (b)(6) of the Freedom
of Information Act (FOIA)(5 U.S.C. 552
(b)(4) and (b)(6)). Since the Federal
Reserve does not collect the FR 4023, no
issue of confidentiality under the FOIA
arises. FOIA will only be implicated if
the Board’s examiners retained a copy of
the records in their examination or
supervision of the institution, and
would likely be exempt from disclosure
pursuant to FOIA (5 U.S.C. ’552(b)(4),
(b)(6), and (b)(8)).
Abstract: Each BHC or FBO seeking
FHC status must file the FR 4010
declaration, which includes information
needed to verify eligibility for FHC
status. By filing the FR 4011, a requestor
may ask the Board to determine that an
activity is financial in nature, to issue
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33225
an advisory opinion that an activity is
within the scope of an activity
previously determined to be financial in
nature, or to approve engagement in an
activity complementary to a financial
activity. Any FHC ceasing to meet
capital or managerial prerequisites for
FHC status must notify the Board by
filing the FR 4012 of the deficiency, and
often must submit plans to the Board to
cure the deficiency. Any state member
bank seeking to establish a financial
subsidiary must seek the Board’s prior
approval by submitting the FR 4017.
Any FHC seeking to extend the 10–year
holding period for a merchant banking
investment must submit the FR 4019 to
apply for the Board’s prior approval,
and a FHC also must notify the Board
if it routinely manages or operates a
portfolio company for more than nine
months. All FHCs engaging in merchant
banking activities must keep records of
those activities, and make them
available to examiners as specified in
the FR 4023 requirements.
There are no formal reporting forms
for these collections of information,
which are event generated, though in
each case the type of information
required to be filed is described in the
Board’s regulations. These collections of
information are required pursuant to
amendments made by the GLB Act to
the Bank Holding Company Act or the
Federal Reserve Act, or Board
regulations issued to carry out the GLB
Act.
Current Actions: On April 2, 2007, the
Federal Reserve published a notice in
the Federal Register (72 FR 15692)
requesting public comment for 60 days
on the extension, without revision, of
the: FR 4008, FR 4013, FR 4014 and
information collections related to the
GLB Act: FR 4010, FR 4011, FR 4017,
FR 4019, and FR 4023. The comment
period for this notice expired on June 1,
2007. No comments were received.
Board of Governors of the Federal Reserve
System, June 12, 2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7–11549 Filed 6–14–07; 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
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15JNN1
33226
Federal Register / Vol. 72, No. 115 / Friday, June 15, 2007 / Notices
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
indicated or the offices of the Board of
Governors not later than July 9, 2007.
A. Federal Reserve Bank of Atlanta
(David Tatum, Vice President) 1000
Peachtree Street, N.E., Atlanta, Georgia
30309:
1. NorthStar Banking Corporation, to
become a bank holding company by
acquiring 100 percent of the voting
shares of NorthStar Bank (in
organization), both of Tampa, Florida.
B. Federal Reserve Bank of
Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90
Hennepin Avenue, Minneapolis,
Minnesota 55480-0291:
1. Merchants Financial Group, Inc.,
Winona, Minnesota; to acquire 100
percent of the voting shares of Jerema,
Inc., and thereby indirectly acquire
voting shares of The First National Bank
in Cannon Falls, both of Cannon Falls,
Minnesota.
Board of Governors of the Federal Reserve
System, June 11, 2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7–11554 Filed 6–14–07; 8:45 am]
jlentini on PROD1PC65 with NOTICES
BILLING CODE 6210–01–S
FEDERAL TRADE COMMISSION
No FEAR Act Notice
AGENCY:
Federal Trade Commission
(FTC).
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Jkt 211001
ACTION:
Notice.
SUMMARY: The Federal Trade
Commission (FTC) is providing notice
to its employees, former employees, and
applicants for federal employment about
the rights and remedies available to
them under the Federal
antidiscrimination, whistleblower
protection, and retaliation laws. This
notice fulfills the FTC’s initial
notification obligation under the
Notification and Federal Employees
Antidiscrimination and Retaliation Act
(No FEAR Act), as implemented by
Office of Personnel Management (OPM)
regulations at 5 CFR part 724.
FOR FURTHER INFORMATION CONTACT:
Barbara Wiggs, Director, Office of Equal
Employment Opportunity (EEO), by
mail at Federal Trade Commission, Mail
Drop H-413, 600 Pennsylvania Avenue,
NW., Washington, DC 20580, or by
telephone at (202) 326-2197. Additional
information can be found on the FTC’s
website at https://www.ftc.gov.
SUPPLEMENTARY INFORMATION: On May
15, 2002, Congress enacted the
‘‘Notification and Federal Employee
Antidiscrimination and Retaliation Act
of 2002,’’ which is now known as the
No FEAR Act. See Pub. L. 107-174,
codified at 5 U.S.C. 2301 note. As stated
in the full title of the Act, the Act is
intended to ‘‘require that Federal
agencies be accountable for violations of
antidiscrimination and whistleblower
protection laws.’’ In support of this
purpose, Congress found that ‘‘agencies
cannot be run effectively if those
agencies practice or tolerate
discrimination.’’ Pub. L. 107-174, §
101(1).
The Act also requires this agency to
provide this notice to its Federal
employees, former Federal employees
and applicants for Federal employment
to inform you of the rights and
protections available to you under
Federal antidiscrimination,
whistleblower protection, and
retaliation laws.
Antidiscrimination Laws
A Federal agency cannot discriminate
against an employee or applicant with
respect to the terms, conditions or
privileges of employment on the basis of
race, color, national origin, religion, sex,
age, disability, sexual orientation,
parental status or any other non-merit
factor. Discrimination on these bases is
prohibited by one or more of the
following statutes: 5 U.S.C. 2302(b)(1),
29 U.S.C. 206(d), 29 U.S.C. 631, 29
U.S.C. 633a, 29 U.S.C. 791 and 42 U.S.C.
2000e-16.
If you believe that you have been the
victim of unlawful discrimination on
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the basis of race, color, religion, sex,
national origin or disability, you must
contact an Equal Employment
Opportunity (EEO) counselor within 45
calendar days of the alleged
discriminatory action, or, in the case of
a personnel action, within 45 calendar
days of the effective date of the action,
before you can file a formal complaint
of discrimination with your agency. See,
e.g., 29 CFR part 1614. If you believe
that you have been the victim of
unlawful discrimination on the basis of
age, you must either contact an EEO
counselor as noted above or give notice
of intent to sue to the Equal
Employment Opportunity Commission
(EEOC) within 180 calendar days of the
alleged discriminatory action. If you are
alleging discrimination based on marital
status or political affiliation, you may
file a written complaint with the U.S.
Office of Special Counsel (OSC) (see
contact information below). In the
alternative (or in some cases, in
addition), you may pursue a
discrimination complaint by filing a
grievance through your agency’s
administrative or negotiated grievance
procedures, if such procedures apply
and are available.
Whistleblower Protection Laws
A Federal employee with authority to
take, direct others to take, recommend
or approve any personnel action must
not use that authority to take or fail to
take, or threaten to take or fail to take,
a personnel action against an employee
or applicant because of disclosure of
information by that individual that is
reasonably believed to evidence
violations of law, rule or regulation;
gross mismanagement; gross waste of
funds; an abuse of authority; or a
substantial and specific danger to public
health or safety, unless disclosure of
such information is specifically
prohibited by law and such information
is specifically required by Executive
order to be kept secret in the interest of
national defense or the conduct of
foreign affairs.
Retaliation against an employee or
applicant for making a protected
disclosure is prohibited by 5 U.S.C.
2302(b)(8). If you believe that you have
been the victim of whistleblower
retaliation, you may file a written
complaint (Form OSC-11) with the U.S.
Office of Special Counsel at 1730 M
Street, NW., Suite 218, Washington, DC
20036-4505 or online through the OSC
Web site at https://www.osc.gov.
Retaliation for Engaging in Protected
Activity
A Federal agency cannot retaliate
against an employee or applicant
E:\FR\FM\15JNN1.SGM
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]]>Agencies
[Federal Register Volume 72, Number 115 (Friday, June 15, 2007)]
[Notices]
[Pages 33225-33226]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-11554]
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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
[[Page 33226]]
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 indicated or the
offices of the Board of Governors not later than July 9, 2007.
A. Federal Reserve Bank of Atlanta (David Tatum, Vice President)
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
1. NorthStar Banking Corporation, to become a bank holding company
by acquiring 100 percent of the voting shares of NorthStar Bank (in
organization), both of Tampa, Florida.
B. Federal Reserve Bank of Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota
55480-0291:
1. Merchants Financial Group, Inc., Winona, Minnesota; to acquire
100 percent of the voting shares of Jerema, Inc., and thereby
indirectly acquire voting shares of The First National Bank in Cannon
Falls, both of Cannon Falls, Minnesota.
Board of Governors of the Federal Reserve System, June 11, 2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-11554 Filed 6-14-07; 8:45 am]
BILLING CODE 6210-01-S
