Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 48071 [E9-22607]
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Federal Register / Vol. 74, No. 181 / Monday, September 21, 2009 / Notices
see the agency’s OMB supporting
statement for a summary of the
disclosure and reporting requirements
of Regulation G, https://
www.federalreserve.gov/boarddocs/
reportforms/review.cfm.
The disclosure and reporting
requirements in connection with
Regulation G are mandatory and apply
to state member banks and their
subsidiaries; bank holding companies;
affiliates of bank holding companies,
other than banks, savings associations,
and subsidiaries of banks and savings
associations; and NGEPs that enter into
covered agreements with any of the
aforementioned companies.
(2) Report title: Disclosure
Requirements in Connection With
Regulation H (Consumer Protections in
Sales of Insurance).
Agency form number: Reg H–7.
OMB control number: 7100–0298.
Frequency: On occasion.
Reporters: State member banks.
Annual reporting hours: 13,451 hours.
Number of respondents: 854.
Estimated average hours per response:
1.5 minutes.
General description of report: This
information collection is mandatory
pursuant the Federal Deposit Insurance
Act, 12 U.S.C. 1831x. Since the Federal
Reserve does not collect any
information, no issue of confidentiality
normally arises.
Abstract: Section 305 of the GrammLeach-Bliley Act requires financial
institutions to provide written and oral
disclosures to consumers in connection
with the initial sale of an insurance
product or annuity concerning its
uninsured nature and the existence of
the investment risk, if appropriate, and
the fact that insurance sales and credit
may not be tied.
Covered persons must make insurance
disclosures before the completion of the
initial sale of an insurance product or
annuity to a consumer. The disclosure
must be made orally and in writing to
the consumer that: (1) The insurance
product or annuity is not a deposit or
other obligation of, or guaranteed by, the
financial institution or an affiliate of the
financial institution; (2) the insurance
product or annuity is not insured by the
Federal Deposit Insurance Corporation
or any other agency of the United States,
the financial institution, or (if
applicable) an affiliate of the financial
institution; and (3) in the case of an
insurance product or annuity that
involves an investment risk, there is
investment risk associated with the
product, including the possible loss of
value.
Covered persons must make a credit
disclosure at the time a consumer
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applies for an extension of credit in
connection with which an insurance
product or annuity is solicited, offered,
or sold. The disclosure must be made
orally and in writing that the financial
institution may not condition an
extension of credit on either: (1) The
consumer’s purchase of an insurance
product or annuity from the financial
institution or any of its affiliates; or (2)
the consumer’s agreement not to obtain,
or a prohibition on the consumer from
obtaining, an insurance product or
annuity from an unaffiliated entity.
Please see the agency’s OMB
supporting statement for a summary of
the disclosure requirements of
Regulation H–7 https://
www.federalreserve.gov/boarddocs/
reportforms/review.cfm.
Board of Governors of the Federal Reserve
System, September 16, 2009.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E9–22616 Filed 9–18–09; 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
of the Board of Governors. Comments
must be received not later than October
6, 2009.
A. Federal Reserve Bank of Cleveland
(Nadine Wallman, Vice President) 1455
East Sixth Street, Cleveland, Ohio
44101–2566:
1. The Davis family, consisting of Clay
Parker Davis; Jodie Davis Owings; Scott
H. Owings; Charles W. Owings; The
Cooper Family, consisting of Cornelia D.
Cooper, individually, and as Executrix
of The Estate of Richard E. Cooper, all
of Somerset Kentucky; Cornelia C.
Vaughan; Frank D. Cain, both of
Lexington, Kentucky; The Merrick
family, consisting of Odell Merrick;
Deborah L. Merrick—Eades; Cameron D.
PO 00000
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48071
Merrick; Stephanie D. Merrick; Stephen
D. Merrick; The Rakestraw family,
consisting of Harris Rakestraw, III;
Angel L. Rakestraw—Godby; Joy B.
Carroll; Harris Rakestraw, III and
Connie Belle Harris—Rakestraw, as
Co—Trustees of The Benjamin H.
Rakestraw—Godby Irrevocable Trust;
The Waddle family, consisting of Cy
Waddle, individually, and as Trustee of
The Cy Waddle Revocable Living Trust;
Gary C. Waddle; Thomas P. Waddle;
Jean Waddle, individually, and as
Trustee of The Jean Waddle Revocable
Living Trust; The Hawkins Family,
consisting of Virginia Hawkins,
individually, and as Trustee of the
James F. Hawkins Revocable Living
Trust; James F. Hawkins, III; Judith A.
Holtzclaw; James Hawkins, IV;
Samantha Jo Hawkins, all of Somerset,
Kentucky; and Marsha E. Hawkins—
Barnett, of Corbin, Kentucky; to acquire
voting shares of Citizens Bancshares,
Inc., and thereby indirectly acquire
voting shares of Citizens National Bank
of Somerset, both of Somerset,
Kentucky.
Board of Governors of the Federal Reserve
System, September 16, 2009.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E9–22607 Filed 9–18–09; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL MARITIME COMMISSION
Notice of Agreements Filed
The Commission hereby gives notice
of the filing of the following agreements
under the Shipping Act of 1984.
Interested parties may submit comments
on the agreements to the Secretary,
Federal Maritime Commission,
Washington, DC 20573, within ten days
of the date this notice appears in the
Federal Register. Copies of the
agreements are available through the
Commission’s Web site (https://
www.fmc.gov) or by contacting the
Office of Agreements at (202) 523–5793
or tradeanalysis@fmc.gov.
Agreement No.: 011960–005.
Title: The New World Alliance
Agreement.
Parties: American President Lines,
Ltd.; APL Co. Pte, Ltd.; Hyundai
Merchant Marine Co., Ltd.; and Mitsui
O.S.K. Lines, Ltd. (‘‘MOL’’).
Filing Party: David F. Smith, Esq.,
Sher & Blackwell LLP, 1850 M Street,
NW., Suite 900, Washington, DC 20036.
Synopsis: The amendment would
authorize Hyundai to sub-charter space
under the agreement to Hanjin Shipping
Company, Ltd. The parties requested
expedited review.
E:\FR\FM\21SEN1.SGM
21SEN1
Agencies
[Federal Register Volume 74, Number 181 (Monday, September 21, 2009)]
[Notices]
[Page 48071]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-22607]
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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 October 6, 2009.
A. Federal Reserve Bank of Cleveland (Nadine Wallman, Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
1. The Davis family, consisting of Clay Parker Davis; Jodie Davis
Owings; Scott H. Owings; Charles W. Owings; The Cooper Family,
consisting of Cornelia D. Cooper, individually, and as Executrix of The
Estate of Richard E. Cooper, all of Somerset Kentucky; Cornelia C.
Vaughan; Frank D. Cain, both of Lexington, Kentucky; The Merrick
family, consisting of Odell Merrick; Deborah L. Merrick--Eades; Cameron
D. Merrick; Stephanie D. Merrick; Stephen D. Merrick; The Rakestraw
family, consisting of Harris Rakestraw, III; Angel L. Rakestraw--Godby;
Joy B. Carroll; Harris Rakestraw, III and Connie Belle Harris--
Rakestraw, as Co--Trustees of The Benjamin H. Rakestraw--Godby
Irrevocable Trust; The Waddle family, consisting of Cy Waddle,
individually, and as Trustee of The Cy Waddle Revocable Living Trust;
Gary C. Waddle; Thomas P. Waddle; Jean Waddle, individually, and as
Trustee of The Jean Waddle Revocable Living Trust; The Hawkins Family,
consisting of Virginia Hawkins, individually, and as Trustee of the
James F. Hawkins Revocable Living Trust; James F. Hawkins, III; Judith
A. Holtzclaw; James Hawkins, IV; Samantha Jo Hawkins, all of Somerset,
Kentucky; and Marsha E. Hawkins--Barnett, of Corbin, Kentucky; to
acquire voting shares of Citizens Bancshares, Inc., and thereby
indirectly acquire voting shares of Citizens National Bank of Somerset,
both of Somerset, Kentucky.
Board of Governors of the Federal Reserve System, September 16,
2009.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E9-22607 Filed 9-18-09; 8:45 am]
BILLING CODE 6210-01-S