Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 57023 [2010-23229]
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Federal Register / Vol. 75, No. 180 / Friday, September 17, 2010 / Notices
recurring basis, with separate disclosure
of these commitments if significant.
Furthermore, current item 2.a,
Nontrading securities at fair value with
changes in fair value reported in current
earnings, and current item 4, Deposits,
would be renumbered as items 5.b.(1)
and 8, respectively.
Second, the agencies propose to
modify the reporting criteria for
Schedule Q. The current instructions
require all branches that have adopted
ASC Topic 820 and (1) have elected to
account for financial instruments or
servicing assets and liabilities at fair
value under a fair value option or (2)
have trading assets of $2 million or
more in any of the four preceding
calendar quarters, to complete Schedule
Q. The agencies propose to maintain
this reporting requirement for branches
that use a fair value option or that have
significant trading activity. In addition,
the agencies propose to extend the
requirement to complete Schedule Q to
all branches that reported $500 million
or more in total assets as of the
preceding December 31, regardless of
whether they have elected to apply a
fair value option to financial or
servicing assets and liabilities.
The agencies believe that the
proposed information is necessary to
more accurately assess the impact of fair
value accounting and fair value
measurements for safety and soundness
purposes. The collection of the
information on Schedule Q, as
proposed, will facilitate and enhance
the banking agencies’ ability to monitor
the extent of fair value accounting by
branches, including the elective use of
fair value accounting and the nature of
the inputs used in the valuation process,
pursuant to the disclosure requirements
of ASC Topic 820. The information
collected on Schedule Q is consistent
with the disclosures required by ASC
Topic 820 and consistent with industry
practice for reporting fair value
measurements and should, therefore,
not impose significant incremental
burden on branches.
wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
Paperwork Reduction Act Request for
Comment
Comments are invited on:
a. Whether the information
collections are necessary for the proper
performance of the agencies’ functions,
including whether the information has
practical utility;
b. The accuracy of the agencies’
estimate of the burden of the
information collections, including the
validity of the methodology and
assumptions used;
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c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of the
information collections on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or start up costs
and costs of operation, maintenance,
and purchase of services to provide
information.
Comments submitted in response to
this notice will be shared among the
agencies. All comments will become a
matter of public record. Written
comments should address the accuracy
of the burden estimate and ways to
minimize burden including the use of
automated collection techniques or the
use of other forms of information
technology as well as other relevant
aspects of the information collection
request.
Board of Governors of the Federal Reserve
System, September 2, 2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010–23231 Filed 9–16–10; 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
4, 2010.
A. Federal Reserve Bank of St. Louis
(Glenda Wilson, Community Affairs
Officer) P.O. Box 442, St. Louis,
Missouri 63166–2034:
1. Kendall L. Combs and Patricia A.
Combs, both of Hollister, Missouri; to
retain control of Branson Bancshares,
Inc., Branson, Missouri, and thereby
indirectly retain control of Branson
Bank, Branson, Missouri.
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57023
Board of Governors of the Federal Reserve
System, Sepetmber 14, 2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010–23229 Filed 9–16–10; 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
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 October 14,
2010.
A. Federal Reserve Bank of San
Francisco (Kenneth Binning, Vice
President, Applications and
Enforcement) 101 Market Street, San
Francisco, California 94105–1579:
1. Grandpoint Capital, Inc., Los
Angeles, California; to acquire 100
percent of the voting shares of Southern
Arizona Community Bank, Tucson,
Arizona.
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[Federal Register Volume 75, Number 180 (Friday, September 17, 2010)]
[Notices]
[Page 57023]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-23229]
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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 4, 2010.
A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community
Affairs Officer) P.O. Box 442, St. Louis, Missouri 63166-2034:
1. Kendall L. Combs and Patricia A. Combs, both of Hollister,
Missouri; to retain control of Branson Bancshares, Inc., Branson,
Missouri, and thereby indirectly retain control of Branson Bank,
Branson, Missouri.
Board of Governors of the Federal Reserve System, Sepetmber 14,
2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010-23229 Filed 9-16-10; 8:45 am]
BILLING CODE 6210-01-S
