Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities, 39430-39431 [E7-13884]

Download as PDF 39430 Federal Register / Vol. 72, No. 137 / Wednesday, July 18, 2007 / Notices System, Washington, DC 20551 (202– 452–3829) OMB Desk Officer –– Alexander T. Hunt –– Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503. Final approval under OMB delegated authority of the extension for three years, without revision, of the following reports: 1. Report title: Report of Selected Balance Sheet Items for Discount Window Borrowers Agency form number: FR 2046 OMB Control number: 7100–0289 Frequency: On occasion Reporters: Depository institutions Annual reporting hours: 894 hours Estimated average hours per response: Primary and Secondary Credit, 0.75 hour; Seasonal Credit, 0.25 hour Number of respondents: 171 General description of report: This information collection is required to obtain or retain a benefit pursuant to section 10B of the Federal Reserve Act [12 U.S.C. § 347b] and is given confidential treatment [5 U.S.C. § 552(b)(4)]. Abstract: The Federal Reserve(s Regulation A, Extensions of Credit by Federal Reserve Banks, requires that the Federal Reserve review balance sheet data in determining whether to extend credit and to help ascertain whether undue use is made of such credit. Borrowers report certain balance sheet data for a period that encompasses the dates of borrowing. There are no proposed changes to the FR 2046; however, the Federal Reserve is clarifying the instructions. Current Actions: On May 8, 2007, the Federal Reserve published a notice in the Federal Register (72 FR 26116) requesting public comment for 60 days on the extension, without revision, of the FR 2046. The comment period for this notice expired on July 9, 2007. The Federal Reserve did not receive any comments. pwalker on PROD1PC71 with NOTICES 2. Report title: Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted Agency form number: FR 4006 OMB Control number: 7100–0129 Frequency: Annual Reporters: Bank holding companies Annual reporting hours: 180 hours Estimated average hours per response: 5 hours Number of respondents: 36 General description of report: This information collection is required to VerDate Aug<31>2005 16:02 Jul 17, 2007 Jkt 211001 obtain a benefit pursuant to section 4(c)(2) of the Bank Holding Company Act [12 U.S.C. § 1843(c)(2)] and may be given confidential treatment upon request. The Federal Reserve has established a procedure for requesting an extension in its Regulation Y [12 C.F.R. § 225.22(d)(1)(ii)]. Abstract: A bank holding company that acquired voting securities or assets through foreclosure in the ordinary course of collecting a debt previously contracted may not retain ownership of those shares or assets for more than two years without prior Federal Reserve approval. There is no formal reporting form, and each request for extension must be filed at the appropriate Reserve Bank of the bank holding company. The Federal Reserve uses the information provided in the request to fulfill its statutory obligation to supervise bank holding companies. Current Actions: On May 8, 2007, the Federal Reserve published a notice in the Federal Register (72 FR 26116) requesting public comment for 60 days on the extension, without revision, of the FR 4006. The comment period for this notice expired on July 9, 2007. The Federal Reserve did not receive any comments. Board of Governors of the Federal Reserve System, July 13, 2007. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E7–13900 Filed 7–17–07; 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 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 PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 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 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 August 13, 2007. A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166-2034: 1. Cross County Bancshares, Inc., Wynne, Arkansas; to retain control of shares of Pinnacle Bancshares, Inc., and thereby indirectly retain control of shares of Pinnacle Bank, both of Bentonville, Arkansas. Board of Governors of the Federal Reserve System, July 13, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–13883 Filed 7–17–07; 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 E:\FR\FM\18JYN1.SGM 18JYN1 Federal Register / Vol. 72, No. 137 / Wednesday, July 18, 2007 / Notices BHC Act. Additional information on all bank holding companies may be obtained from the National Information Center Web site at www.ffiec.gov/nic/. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than August 2, 2007. A. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414: 1. NCB Holdings, Inc.; to engage de novo through its subsidiary, Kingsbury Capital, L.L.C., both of Chicago, Illinois, in securities brokerage activities, pursuant to section 225.28(b)(7)(i) of Regulation Y. Board of Governors of the Federal Reserve System, July 13, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–13884 Filed 7–17–07; 8:45 am] BILLING CODE 6210–01–S DEPARTMENT OF HOMELAND SECURITY Federal Emergency Management Agency [FEMA–1712–DR] Oklahoma; Major Disaster and Related Determinations Federal Emergency Management Agency, DHS. ACTION: Notice. AGENCY: pwalker on PROD1PC71 with NOTICES SUMMARY: This is a notice of the Presidential declaration of a major disaster for the State of Oklahoma (FEMA–1712–DR), dated July 7, 2007, and related determinations. DATES: Effective Date: July 7, 2007. FOR FURTHER INFORMATION CONTACT: Peggy Miller, Disaster Assistance Directorate, Federal Emergency Management Agency, Washington, DC 20472, (202) 646–2705. SUPPLEMENTARY INFORMATION: Notice is hereby given that, in a letter dated July 7, 2007, the President declared a major disaster under the authority of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5121–5206 (the Stafford Act), as follows: I have determined that the damage in certain areas of the State of Oklahoma resulting from severe storms, flooding, and tornadoes beginning on June 10, 2007, and continuing, is of sufficient severity and magnitude to warrant a major disaster declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5121–5206 (the Stafford Act). VerDate Aug<31>2005 16:02 Jul 17, 2007 Jkt 211001 Therefore, I declare that such a major disaster exists in the State of Oklahoma. In order to provide Federal assistance, you are hereby authorized to allocate from funds available for these purposes such amounts as you find necessary for Federal disaster assistance and administrative expenses. You are authorized to provide Individual Assistance in the designated areas, Hazard Mitigation throughout the State, and any other forms of assistance under the Stafford Act that you deem appropriate. Consistent with the requirement that Federal assistance be supplemental, any Federal funds provided under the Stafford Act for Hazard Mitigation and Other Needs Assistance will be limited to 75 percent of the total eligible costs. If Public Assistance is later requested and warranted, Federal funds provided under that program will also be limited to 75 percent of the total eligible costs, except for any particular projects that are eligible for a higher Federal cost-sharing percentage under the FEMA Public Assistance Pilot Program instituted pursuant to 6 U.S.C. 777. Further, you are authorized to make changes to this declaration to the extent allowable under the Stafford Act. The time period prescribed for the implementation of section 310(a), Priority to Certain Applications for Public Facility and Public Housing Assistance, 42 U.S.C. 5153, shall be for a period not to exceed six months after the date of this declaration. The Federal Emergency Management Agency (FEMA) hereby gives notice that pursuant to the authority vested in the Administrator, under Executive Order 12148, as amended, Philip E. Parr, of FEMA is appointed to act as the Federal Coordinating Officer for this declared disaster. I do hereby determine the following areas of the State of Oklahoma to have been affected adversely by this declared major disaster: 39431 DEPARTMENT OF HOMELAND SECURITY Federal Emergency Management Agency [FEMA–1712–DR] Oklahoma; Amendment No. 1 to Notice of a Major Disaster Declaration Federal Emergency Management Agency, DHS. AGENCY: ACTION: Notice. SUMMARY: This notice amends the notice of a major disaster declaration for the State of Oklahoma (FEMA–1712–DR), dated July 7, 2007, and related determinations. DATES: Effective Date: July 9, 2007. FOR FURTHER INFORMATION CONTACT: Peggy Miller, Disaster Assistance Directorate, Federal Emergency Management Agency, Washington, DC 20472, (202) 646–2705. The notice of a major disaster declaration for the State of Oklahoma is hereby amended to include Public Assistance Category B (emergency protective measures), limited to direct Federal assistance for the following areas among those areas determined to have been adversely affected by the catastrophe declared a major disaster by the President in his declaration of July 7, 2007. SUPPLEMENTARY INFORMATION: Ottawa and Washington Counties for Individual Assistance. All counties within the State of Oklahoma are eligible to apply for assistance under the Hazard Mitigation Grant Program. (The following Catalog of Federal Domestic Assistance Numbers (CFDA) are to be used for reporting and drawing funds: 97.030, Community Disaster Loans; 97.031, Cora Brown Fund Program; 97.032, Crisis Counseling; 97.033, Disaster Legal Services Program; 97.034, Disaster Unemployment Assistance (DUA); 97.046, Fire Management Assistance; 97.048, Individuals and Households Housing; 97.049, Individuals and Households Disaster Housing Operations; 97.050, Individuals and Households Program—Other Needs; 97.036, Public Assistance Grants; 97.039, Hazard Mitigation Grant Program.) Comanche and Pottawatomie Counties for emergency protective measures [Category B], limited to direct Federal assistance under the Public Assistance program. Ottawa and Washington Counties for emergency protective measures [Category B], limited to direct Federal assistance under the Public Assistance program (already designated for Individual Assistance.) (The following Catalog of Federal Domestic Assistance Numbers (CFDA) are to be used for reporting and drawing funds: 97.030, Community Disaster Loans; 97.031, Cora Brown Fund Program; 97.032, Crisis Counseling; 97.033, Disaster Legal Services Program; 97.034, Disaster Unemployment Assistance (DUA); 97.046, Fire Management Assistance; 97.048, Individuals and Households Housing; 97.049, Individuals and Households Disaster Housing Operations; 97.050, Individuals and Households Program—Other Needs; 97.036, Public Assistance Grants; 97.039, Hazard Mitigation Grant Program.) R. David Paulison, Administrator, Federal Emergency Management Agency. [FR Doc. E7–13906 Filed 7–17–07; 8:45 am] R. David Paulison, Administrator, Federal Emergency Management Agency. [FR Doc. E7–13909 Filed 7–17–07; 8:45 am] BILLING CODE 9110–10–P BILLING CODE 9110–10–P PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 E:\FR\FM\18JYN1.SGM 18JYN1

Agencies

[Federal Register Volume 72, Number 137 (Wednesday, July 18, 2007)]
[Notices]
[Pages 39430-39431]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13884]


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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 
Sec.  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

[[Page 39431]]

BHC Act. Additional information on all bank holding companies may be 
obtained from the National Information Center Web site at 
www.ffiec.gov/nic/.
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than August 2, 2007.
    A. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. NCB Holdings, Inc.; to engage de novo through its subsidiary, 
Kingsbury Capital, L.L.C., both of Chicago, Illinois, in securities 
brokerage activities, pursuant to section 225.28(b)(7)(i) of Regulation 
Y.

    Board of Governors of the Federal Reserve System, July 13, 2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-13884 Filed 7-17-07; 8:45 am]
BILLING CODE 6210-01-S