Change in Bank Control Notices, Acquisition of Shares of Bank or Bank Holding Companies; Correction, 46427 [E9-21565]
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Federal Register / Vol. 74, No. 173 / Wednesday, September 9, 2009 / Notices
renewal of the collections of
information described below.
DATES: Comments must be submitted on
or before October 9, 2009.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal/notices.html.
• E-mail: comments@fdic.gov.
Include the name of the collection in the
subject line of the message.
• Mail: Leneta G. Gregorie (202–898–
3719), Counsel, Room F–1064, Federal
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7 a.m. and 5 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Leneta Gregorie, at the address
identified above.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently approved collections of
information:
1. Title: Activities and Investments of
Insured State Banks.
OMB Number: 3064–0111.
Form Numbers: None.
Frequency of Response: On occasion.
Affected Public: Insured State
nonmember banks.
Estimated Number of Respondents:
110.
Estimated Time per Response: 8
hours.
Total Annual Burden: 880 hours.
General Description of Collection:
With certain exceptions, section 24 of
the FDI Act (12 U.S.C. 1831a) limits the
direct equity investments of state
chartered banks to equity investments
that are permissible for national banks.
In addition, the statute prohibits an
insured state bank from directly
engaging as principal in any activity
that is not permissible for a national
bank or indirectly through a subsidiary
in an activity that is not permissible for
a subsidiary of a national bank unless
the bank meets its minimum capital
requirements and the FDIC determines
that the activity does not pose
significant risk to the Deposit Insurance
Fund. The FDIC can make such a
determination for exception by
VerDate Nov<24>2008
15:47 Sep 08, 2009
Jkt 217001
regulation or by order. The FDIC’s
implementing regulation for section 24
is 12 CFR part 362. It details the
activities that insured state nonmember
banks or their subsidiaries may engage
in, under certain criteria and conditions,
and identifies the information that
banks must furnish to the FDIC in order
to obtain the FDIC’s approval or nonobjection.
2. Title: Mutual-to-Stock Conversions
of State Savings Banks.
OMB Number: 3064–0117.
Form Numbers: None.
Frequency of Response: On occasion.
Affected Public: Insured State
chartered savings banks that are not
members of the Federal Reserve System
proposing to convert from mutual to
stock form of ownership.
Estimated Number of Respondents:
10.
Estimated Time per Response: 50
hours.
Total Annual Burden: 500 hours.
General Description of Collection:
Sections 303.161 and 333.4 of Title 12
of the Code of Federal Regulations
require State savings banks that are not
members of the Federal Reserve System
to file with the FDIC a notice of intent
to convert to stock form and to provide
copies of documents filed with State
and Federal banking and/or securities
regulators in connection with the
proposed conversion.
Request for Comment
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the 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; and (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.
All comments will become a matter of
public record.
Dated at Washington, DC, this 2nd day of
September, 2009.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E9–21689 Filed 9–8–09; 8:45 am]
BILLING CODE 6714–01–P
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46427
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.
E9–21090 published on page 45450 of
the issue for Wednesday, September 2
2009.
Under the Federal Reserve Bank of St.
Louis heading, the entry for Robert E.
Kirkland, Union City, Tennessee, is
revised to read as follows:
A. Federal Reserve Bank of St. Louis
(Glenda Wilson, Community Affairs
Officer) P.O. Box 442, St. Louis,
Missouri 63166–2034:
1. Robert E. Kirkland, Union City,
Tennessee, individually and as member
of the Kirkland family control group,
which consists of himself, REK, LP,
Union City, Tennessee (Robert and
Jenny Kirkland, as general partners); the
Christopher R. Kirkland Revocable Trust
(Christopher R. Kirkland, as trustee),
Brentwood, Tennessee; Bedford F.
Kirkland, Lebanon, Tennessee; and
Macy Darnell Swensson, Cincinnati,
Ohio; to individually acquire voting
shares of Community First Bancshares,
Inc., Union City, Tennessee. In addition,
the Kirkland family control group has
also applied to acquire voting shares of
Community First Bancshares, Inc.,
Union City, Tennessee.
Comments on this application must
be received by September 16, 2009.
Board of Governors of the Federal Reserve
System, September 2, 2009.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E9–21565 Filed 9–8–09; 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
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]]>Agencies
[Federal Register Volume 74, Number 173 (Wednesday, September 9, 2009)]
[Notices]
[Page 46427]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-21565]
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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. E9-21090 published on page
45450 of the issue for Wednesday, September 2 2009.
Under the Federal Reserve Bank of St. Louis heading, the entry for
Robert E. Kirkland, Union City, Tennessee, is revised to read as
follows:
A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community
Affairs Officer) P.O. Box 442, St. Louis, Missouri 63166-2034:
1. Robert E. Kirkland, Union City, Tennessee, individually and as
member of the Kirkland family control group, which consists of himself,
REK, LP, Union City, Tennessee (Robert and Jenny Kirkland, as general
partners); the Christopher R. Kirkland Revocable Trust (Christopher R.
Kirkland, as trustee), Brentwood, Tennessee; Bedford F. Kirkland,
Lebanon, Tennessee; and Macy Darnell Swensson, Cincinnati, Ohio; to
individually acquire voting shares of Community First Bancshares, Inc.,
Union City, Tennessee. In addition, the Kirkland family control group
has also applied to acquire voting shares of Community First
Bancshares, Inc., Union City, Tennessee.
Comments on this application must be received by September 16,
2009.
Board of Governors of the Federal Reserve System, September 2,
2009.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E9-21565 Filed 9-8-09; 8:45 am]
BILLING CODE 6210-01-S
