Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 31687-31688 [E8-12299]

Download as PDF Federal Register / Vol. 73, No. 107 / Tuesday, June 3, 2008 / Notices ebenthall on PRODPC60 with NOTICES public and more clearly explains how information related to an individual associated with a proposal should be presented to the Federal Reserve. As a complement to those changes, a new filing certification section would be added that requires an Applicant to confirm the nature of the information being submitted in the application and recognize how the submitted information may be treated under the FOIA. The Board’s Legal Division believes that receiving the certification at the time of submission would facilitate the disclosure of relevant information to the public and reduce the processing delays that result from uncertainties about what information is eligible for disclosure under the FOIA. Two sections (Related Applications and Preliminary Charter Approval) would be deleted as the guidance in those sections has been incorporated into other sections of the instructions.4 Section I (De Novo Bank) of the FR 2083 application form would be revised to state that the Federal Reserve need not receive a copy of the electronic version of the Interagency Charter and Federal Deposit Insurance Application (ICFDA) that is prepared for and submitted to other banking agencies. This proposed revision is made in recognition of the fact that the Federal Reserve expects in 2009 to be able to accept all applications electronically. Such membership applications would include the ICFDA materials. The Federal Reserve proposes to clarify certain information requests in Section II (Currently Operating Bank). The clarifications would assist an Applicant in better explaining the contemplated financial and managerial changes and structure that may result from the membership proposal. These clarifications include the following: In current question 7, the request for certain authority(ies) would help identify the need for other related applications earlier in the applications review process and therefore facilitate more timely review and action on the proposed transaction. The Federal Reserve proposes one minor clarification to Section III (NonOperating Bank) to emphasize that an Applicant needs to disclose both financial and managerial changes resulting from a membership proposal. The FR 2083A would be revised to reflect the possible negative adjustment 4 In this regard, an Applicant no longer has to wait for preliminary charter approval before filing a membership application, but the timing of other related applications is less certain. The instructions now encourage an Applicant to contact the appropriate Reserve Bank to determine when all such related applications should be filed. VerDate Aug<31>2005 14:18 Jun 02, 2008 Jkt 214001 to a bank’s total face amount of capital and surplus data that might be necessary to calculate the appropriate level of Federal Reserve Bank stock to be purchased. Footnote 1 would be expanded to explain the possible adjustment. Several technical edits would be made to the FR 2083B and the FR 2083C.5 3. Report title: Applications for Subscription to, Adjustment in the Holding of, and Cancellation of Federal Reserve Bank Stock. Agency form number: FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, FR 2087. OMB control number: 7100–0042. Frequency: On occasion. Reporters: National, state member, and nonmember banks. Annual reporting hours: FR 2030, 15 hours; FR 2030a, 26 hours; FR 2056, 864 hours; FR 2086, 1 hour; FR 2086a, 18 hours; FR 2087, 2 hours. Estimated average hours per response: .5 hours. Number of respondents: FR 2030, 30; FR 2030a, 52; FR 2056, 1,728; FR 2086, 2; FR 2086a, 36; FR 2087, 4. General description of report: These information collections are mandatory. • FR 2030 and FR 2030a: (12 U.S.C. 222, 282, 248(a) and 321). • FR 2056: (12 U.S.C. 287, 248(a) and (i)). • FR 2086: (12 U.S.C. 287, 248(a) and (i)). • FR 2086a: (12 U.S.C. 321, 287, 248(a)). • FR 2087: (12 U.S.C. 288, 248(a) and (i)). Most individual respondent data are not considered confidential. Applicants may, however, request that parts of their membership applications be kept confidential, but in such cases the Applicant must justify its request by demonstrating how an exemption under the Freedom of Information Act (FOIA) is satisfied. The confidentiality status of the information submitted will be judged on a case-by-case basis. Abstract: These application forms are required by the Federal Reserve Act and Regulation I. These forms must be used by a new or existing member bank (including a national bank) to request the issuance, and adjustment in, or cancellation of Federal Reserve Bank stock. The forms must contain certain certifications by the applicants, as well as certain other financial and shareholder data that is needed by the Federal Reserve to process the request. 5 The title of Cashier has been added to two signature lines in the FR 2083B for consistency with the other stock application forms and the reference to Regulation H in the FR 2083C has been changed to Regulation I for accuracy purposes. PO 00000 Frm 00015 Fmt 4703 Sfmt 4703 31687 Current actions: The Federal Reserve proposes no revisions to the FR 2086 and 2087. The revisions proposed to the remaining four application forms (the FR 2030, 2030a, 2056, and 2086a) are intended to facilitate the processing of each application form by the appropriate Reserve Bank and the calculation of the appropriate Federal Reserve Bank stock to be purchased or adjusted. Additional signature lines would be added to all four application forms to ensure that they are signed by at least one individual listed with the appropriate Reserve Bank (as having the authority to submit accounting- and other reporting-related materials on behalf of the bank) in the event that the senior officials required to authorize the purchase or adjustment, under the Federal Reserve Act, are not listed. On the FR 2056, the Federal Reserve proposes to clarify the appropriate components of capital and surplus used in the Federal Reserve Bank stock calculation and to more clearly explain the possible negative capital adjustment within those calculations. In addition, the references in the accompanying worksheet would fully correspond to the Consolidated Reports of Condition and Income (FFIEC 031 and 041; OMB No. 7100–0036) data items filed by commercial banks. The references to Sinking Fund preferred stocks would be deleted as these instruments are generally no longer issued and may no longer qualify as regulatory capital. Board of Governors of the Federal Reserve System, May 29, 2008. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E8–12295 Filed 6–2–08; 8:45 am] BILLING CODE 6210–01–P 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 E:\FR\FM\03JNN1.SGM 03JNN1 31688 Federal Register / Vol. 73, No. 107 / Tuesday, June 3, 2008 / Notices of the Board of Governors. Comments must be received not later than June 18, 2008. A. Federal Reserve Bank of Atlanta (Steve Foley, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309: 1. Charles R. Vawter and Janet J. Vawter, both of Sylacauga, Alabama, to acquire voting shares of Guardian Bancshares, Inc., and thereby indirectly acquire voting shares of Alabama Trust Bank, N.A., both of Sylacauga, Alabama. 2. Oliver H. Allen, Debbie Allen Armstrong, Timothy W. Allen, Bill Hamilton, Mary–Harmon Armstrong, Olivia C. Armstrong, Katlyn B. Allen, Robert K. Allen, Sr., Peggy H. Allen, Robert K. Allen, Jr., and William Keith Allen, Sr., all of Sylacauga, Alabama, to collectively acquire voting shares of Guardian Bancshares, Inc., and thereby indirectly acquire voting shares of Alabama Trust Bank, N.A., both of Sylacauga, Alabama. Board of Governors of the Federal Reserve System, May 29, 2008. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E8–12299 Filed 6–2–08; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM ebenthall on PRODPC60 with NOTICES 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 applications 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 VerDate Aug<31>2005 14:18 Jun 02, 2008 Jkt 214001 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 June 27, 2008. A. Federal Reserve Bank of Atlanta (Steve Foley, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309: 1. RMB Holdings, LLC, Birmingham, Alabama, to become a bank holding company by acquiring up to 25 percent of the outstanding shares of Americus Financial Services, Inc., and thereby indirectly acquire voting shares of Red Mountain Bank, N.A., both of Birmingham, Alabama. 2. ATB Management, LLC, Birmingham, Alabama, to acquire up to 25 percent of the voting shares of Americus Financial Services, Inc., and thereby indirectly acquire voting shares of Red Mountain Bank, N.A., both of Birmingham, Alabama. B. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. C–B–G, Inc., West Liberty, Iowa, to acquire up to 50.01 percent of the voting shares of Washington Bancorp, and thereby indirectly acquire voting shares of Federation Bank, both of Washington, Iowa. Board of Governors of the Federal Reserve System, May 29, 2008. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E8–12298 Filed 6–2–08; 8:45 am] BILLING CODE 6210–01–S FEDERAL TRADE COMMISSION SES Performance Review Board Federal Trade Commission. Notice. AGENCY: ACTION: SUMMARY: Notice is hereby given of the appointment of members to the Federal Trade Commission’s Performance Review Board. FOR FURTHER INFORMATION CONTACT: Karen Leydon, Director of Human Resources, 600 Pennsylvania Avenue NW., Washington, DC 20580, (202) 3262633. SUPPLEMENTARY INFORMATION: Publication of the Performance Review Board (PRB) membership is required by 5 U.S.C. 4314 (c)(4). The PRB reviews and evaluates the initial appraisal of a PO 00000 Frm 00016 Fmt 4703 Sfmt 4703 senior executive’s performance by the supervisor, and makes recommendations regarding performance ratings, performance awards, and pay-for-performance pay adjustments to the FTC Chairman. The following individuals have been designated to serve on the FTC’s Performance Review Board: Charles H. Schneider, Executive Director, Chairman; Jeffrey Schmidt, Director, Bureau of Competition; Lydia B. Parnes, Director, Bureau of Consumer Protection; Pauline Ippolito, Deputy Director, Bureau of Economics; William Blumenthal, General Counsel. By direction of the Commission. Donald S. Clark, Secretary. [FR Doc. E8–12310 Filed 6–2–08; 8:45 am] BILLING CODE 6750–01–P GENERAL SERVICES ADMINISTRATION Multiple Award Schedule Advisory Panel; Notification of Public Advisory Panel Meetings U.S. General Services Administration (GSA). ACTION: Notice. AGENCY: SUMMARY: The U.S. General Services Administration (GSA) Multiple Award Schedule Advisory Panel (MAS Panel), a Federal Advisory Committee, will hold public meetings on the following dates: Monday, June 16, 2008; Tuesday, June 17 2008; Monday, July 21, 2008; and Monday, August 18, 2008. GSA utilizes the Schedules program to establish long-term Governmentwide contracts with responsible firms to provide Federal, State, and local government customers with access to a wide variety of supplies (products) and services. The MAS Panel was established to develop advice and recommendations on MAS program pricing policies, provisions, and procedures in the context of current commercial pricing practices. For the next 3 to 4 meeting dates, the Panel plans to focus on three areas: (1) STAKEHOLDER EXPECTATIONS—what are our stakeholder expectations of the MAS program; what should be the purpose of the MAS program; and is it structured to serve our stakeholder needs; (2) ROLES AND RESPONSIBILITIES—what should be the role and responsibilities of the GSA contracting officer and that of the ordering agency contracting E:\FR\FM\03JNN1.SGM 03JNN1

Agencies

[Federal Register Volume 73, Number 107 (Tuesday, June 3, 2008)]
[Notices]
[Pages 31687-31688]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-12299]


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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. Interested persons 
may express their views in writing to the Reserve Bank indicated for 
that notice or to the offices

[[Page 31688]]

of the Board of Governors. Comments must be received not later than 
June 18, 2008.
    A. Federal Reserve Bank of Atlanta (Steve Foley, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. Charles R. Vawter and Janet J. Vawter, both of Sylacauga, 
Alabama, to acquire voting shares of Guardian Bancshares, Inc., and 
thereby indirectly acquire voting shares of Alabama Trust Bank, N.A., 
both of Sylacauga, Alabama.
    2. Oliver H. Allen, Debbie Allen Armstrong, Timothy W. Allen, Bill 
Hamilton, Mary-Harmon Armstrong, Olivia C. Armstrong, Katlyn B. Allen, 
Robert K. Allen, Sr., Peggy H. Allen, Robert K. Allen, Jr., and William 
Keith Allen, Sr., all of Sylacauga, Alabama, to collectively acquire 
voting shares of Guardian Bancshares, Inc., and thereby indirectly 
acquire voting shares of Alabama Trust Bank, N.A., both of Sylacauga, 
Alabama.

    Board of Governors of the Federal Reserve System, May 29, 2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8-12299 Filed 6-2-08; 8:45 am]
BILLING CODE 6210-01-S
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