Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 41701 [E9-19743]

Download as PDF Federal Register / Vol. 74, No. 158 / Tuesday, August 18, 2009 / Notices of 1977 (CRA), 12 U.S.C. 2901, et seq., and record of lending to first-time homebuyers. 12 U.S.C. 1430(g)(2). 12 CFR part 944 implements section 10(g) of the Bank Act. See 12 CFR part 944. The rule provides uniform community support standards all Bank members must meet and review criteria FHFA staff must apply to determine compliance with section 10(g). More specifically, § 944.2 of the rule (12 CFR 944.2) implements the statutory community support requirement and requires each member selected for review to submit a completed Community Support Statement Form to the FHFA. The community support standards for the two statutory factors are found in § 944.3 (12 CFR 944.3)— CRA and first-time homebuyer performance—this provision also provides guidance to a respondent on how it may satisfy the standards . The procedures and criteria FHFA uses in determining whether Bank members satisfy the statutory and regulatory community support requirements are found in §§ 944.4 and 944.5 (12 CFR 944.4 through 944.5) The information collection contained in the Community Support Statement Form and §§ 944.2 through 944.5 of the rule are necessary to enable and are used by the FHFA to determine whether Bank members satisfy the statutory and regulatory community support requirements. Only Bank members that meet these requirements may maintain continued access to long-term Bank advances. See 12 U.S.C. 1430(g). The OMB number for the information collection is 2590–0005. The OMB clearance for the information collection expires on September 30, 2009. The likely respondents are institutions that are Bank members. jlentini on DSKJ8SOYB1PROD with NOTICES B. Burden Estimate The FHFA estimates the total annual average number of respondents at 4100 Bank members, with 1 response per member. The estimate for the average hours per response is one hour. The estimate for the total annual hour burden is 4100 hours (4100 members × 1 response per member × 1 hour). C. Comment Request The FHFA requests written comments on the following: (1) Whether the collection of information is necessary for the proper performance of FHFA functions, including whether the information has practical utility; (2) The accuracy of the FHFA estimates of the burdens of the collection of information; (3) Ways to enhance the quality, utility and clarity of the information collected; and (4) Ways to minimize the burden of VerDate Nov<24>2008 16:30 Aug 17, 2009 Jkt 217001 the collection of information, including through the use of automated collection techniques or other forms of information technology. Dated: August 13, 2009. James B. Lockhart III, Director, Federal Housing Finance Agency. [FR Doc. E9–19776 Filed 8–17–09; 8:45 am] BILLING CODE 8070–01–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 of the Board of Governors. Comments must be received not later than September 2, 2009. A. Federal Reserve Bank of San Francisco (Kenneth Binning, Vice President, Applications and Enforcement) 101 Market Street, San Francisco, California 94105–1579: 1. Alan Isaac Rothenberg, Beverly Hills, California; to acquire at least 10 percent of the voting shares of 1st Century Bancshares, Inc., and thereby indirectly acquire voting shares of 1st Century Bank, N.A., both of Los Angeles, California. Board of Governors of the Federal Reserve System, August 13, 2009. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E9–19743 Filed 8–17–09; 8:45 am] 41701 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 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 September 11, 2009. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Artisan Financial Corporation, Barrington, Illinois; to become a bank holding company by acquiring 100 percent of the voting shares of Valley Community Bancorp, Inc., and thereby indirectly acquire voting shares of Valley Community Bank, both of St. Charles, Illinois. Board of Governors of the Federal Reserve System, August 13, 2009. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E9–19742 Filed 8–17–09; 8:45 am] BILLING CODE 6210–01–S 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 PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 DEPARTMENT OF HEALTH AND HUMAN SERVICES Office of the Secretary Delegations of Authority Notice is hereby given that I have delegated to the National Coordinator for Health Information Technology (National Coordinator) the authority vested in the Secretary under Title XXX of the Public Health Service Act (42 U.S.C. 201 et seq.), as amended, to E:\FR\FM\18AUN1.SGM 18AUN1

Agencies

[Federal Register Volume 74, Number 158 (Tuesday, August 18, 2009)]
[Notices]
[Page 41701]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-19743]


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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 of the Board of Governors. Comments must 
be received not later than September 2, 2009.
    A. Federal Reserve Bank of San Francisco (Kenneth Binning, Vice 
President, Applications and Enforcement) 101 Market Street, San 
Francisco, California 94105-1579:
    1. Alan Isaac Rothenberg, Beverly Hills, California; to acquire at 
least 10 percent of the voting shares of 1st Century Bancshares, Inc., 
and thereby indirectly acquire voting shares of 1st Century Bank, N.A., 
both of Los Angeles, California.

    Board of Governors of the Federal Reserve System, August 13, 
2009.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E9-19743 Filed 8-17-09; 8:45 am]
BILLING CODE 6210-01-S
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