Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 36395 [2010-15474]
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Federal Register / Vol. 75, No. 122 / Friday, June 25, 2010 / Notices
an exemption under the Freedom of
Information Act (5 U.S.C. 552(b)(4) and
(b)(6)). The confidentiality status of the
information submitted will be judged on
a case-by-case basis.
Abstract: The information collected
assists the Federal Reserve, the Office of
the Comptroller of the Currency, the
Federal Deposit Insurance Corporation,
and the Office of Thrift Supervision in
fulfilling their statutory responsibilities
as supervisors. Each of these forms is
used to collect information in
connection with applications and
notices filed prior to proposed changes
in the ownership or management of
banking organizations. The agencies use
the information to evaluate the
controlling owners, senior officers, and
directors of the insured depository
institutions subject to their oversight.
4. Report title: Recordkeeping and
Disclosure Requirements Associated
with Regulation R.
Agency form number: FR 4025.
OMB control number: 7100–0316.
Frequency: On occasion.
Reporters: Commercial banks and
savings associations.
Estimated annual reporting hours:
Section 701, disclosures to customers—
12,500 hours; Section 701, disclosures
to brokers—375 hours; Section 723,
recordkeeping—188 hours; Section 741,
disclosures to customers—62,500 hours.
Estimated average hours per response:
Section 701, disclosures to customers—
5 minutes; Section 701, disclosures to
brokers—15 minutes; Section 723,
recordkeeping—15 minutes; Section
741, disclosures to customers—5
minutes.
Number of respondents: Section 701,
disclosures to customers—1,500;
Section 701, disclosures to brokers—
1,500; Section 723, recordkeeping—75;
Section 741, disclosures to customers—
750.
General description of report: This
information collection is required to
obtain a benefit pursuant to section
3(a)(4)(F) of the Securities Exchange Act
(15 U.S.C. 78c(a)(4)(F)) and may be
given confidential treatment under the
authority of the Freedom of Information
Act (5 U.S.C. 552(b)(4) and (b)(8)).
Abstract: Regulation R implements
certain exceptions for banks from the
definition of broker under Section
3(a)(4) of the Securities Exchange Act of
1934, as amended by the Gramm-LeachBliley Act. Sections 701, 723, and 741
of Regulation R contain information
collection requirements. Section 701
requires banks that wish to utilize the
exemption in that section to make
certain disclosures to the high net worth
customer or institutional customer. In
addition, section 701 requires banks that
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wish to utilize the exemption in that
section to provide a notice to its brokerdealer partner regarding names and
other identifying information about
bank employees. Section 723 requires a
bank that chooses to rely on the
exemption in that section to exclude
certain trust or fiduciary accounts in
determining its compliance with the
chiefly compensated test in section 721
to maintain certain records relating to
the excluded accounts. Section 741
requires a bank relying on the
exemption provided by that section to
provide customers with a prospectus for
the money market fund securities, not
later than the time the customer
authorizes the bank to effect the
transaction in such securities, if the
class of series of securities are not noload.
Board of Governors of the Federal Reserve
System, June 22, 2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010–15492 Filed 6–24–10; 8:45 am]
BILLING CODE 6210–01–P
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 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
PO 00000
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36395
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 July 22, 2010.
A. Federal Reserve Bank of Atlanta
(Clifford Stanford, Vice President) 1000
Peachtree Street, N.E., Atlanta, Georgia
30309:
1. USAmeriBancorp, Inc., Largo,
Florida; to acquire at least 50 percent of
the voting shares of Aliant Financial
Corporation, and thereby indirectly
acquire voting shares of Aliant Bank,
both of Alexander City, Alabama.
B. Federal Reserve Bank of
Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90
Hennepin Avenue, Minneapolis,
Minnesota 55480–0291:
1. First Holding Company of Park
River, Inc., Park River, North Dakota; to
establish a wholly owned subsidiary,
Sheyenne Bancorp, Inc., Park River,
North Dakota, and thereby acquire 100
percent of the voting shares of First
Sharon Holding Company, Inc., Aneta,
North Dakota, and indirectly acquire
voting shares of First State Bank of
Sharon, Sharon, North Dakota. In
connection with this application,
Sheyenne Bancorp, Inc., has also
applied to become a bank holding
company.
Board of Governors of the Federal Reserve
System, June 22, 2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010–15474 Filed 6–24–10; 8:45 am]
BILLING CODE 6210–01–S
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
[Docket ID OCC–2010–0013]
FEDERAL RESERVE SYSTEM
[Docket No. OP–1374]
FEDERAL DEPOSIT INSURANCE
CORPORATION
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
[Docket ID OTS–2010–0020]
Guidance on Sound Incentive
Compensation Policies
AGENCY: Office of the Comptroller of the
Currency, Treasury (OCC); Board of
Governors of the Federal Reserve
System, (Board or Federal Reserve);
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25JNN1
]]>Agencies
[Federal Register Volume 75, Number 122 (Friday, June 25, 2010)]
[Notices]
[Page 36395]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-15474]
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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 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 July 22, 2010.
A. Federal Reserve Bank of Atlanta (Clifford Stanford, Vice
President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
1. USAmeriBancorp, Inc., Largo, Florida; to acquire at least 50
percent of the voting shares of Aliant Financial Corporation, and
thereby indirectly acquire voting shares of Aliant Bank, both of
Alexander City, Alabama.
B. Federal Reserve Bank of Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota
55480-0291:
1. First Holding Company of Park River, Inc., Park River, North
Dakota; to establish a wholly owned subsidiary, Sheyenne Bancorp, Inc.,
Park River, North Dakota, and thereby acquire 100 percent of the voting
shares of First Sharon Holding Company, Inc., Aneta, North Dakota, and
indirectly acquire voting shares of First State Bank of Sharon, Sharon,
North Dakota. In connection with this application, Sheyenne Bancorp,
Inc., has also applied to become a bank holding company.
Board of Governors of the Federal Reserve System, June 22, 2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010-15474 Filed 6-24-10; 8:45 am]
BILLING CODE 6210-01-S
