Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 63183 [2010-25857]

Download as PDF Federal Register / Vol. 75, No. 198 / Thursday, October 14, 2010 / Notices jlentini on DSKJ8SOYB1PROD with NOTICES (c)(1)(ii) and (2)(ii) of Regulation U (12 C.F.R. 221.3(b)(1), (2), and (3), and (c)(1)(ii) and (2)(ii)). The information collected in the FR G–1 and the FR G– 4 is given confidential treatment under the Freedom of Information Act (5 U.S.C. 552 (b)(4) and (6)). Confidentiality determinations would have to be made on a case by case basis. The FR G–2 does not collect confidential information. The FR U–1 and FR G–3 data are not submitted to the Federal Reserve System and, as such, no issue of confidentiality arises. Abstract: The Securities Exchange Act of 1934 authorizes the Federal Reserve to regulate securities credit extended by brokers and dealers, banks, and other lenders. The purpose statements, FR U– 1 and FR G–3, are recordkeeping requirements for brokers and dealers, banks, and other lenders, respectively, to document the purpose of their loans secured by margin stock. Margin stock is defined as (1) stocks that are registered on a national securities exchange or any over-the-counter security designated for trading in the National Market System, (2) debt securities (bonds) that are convertible into margin stock, and (3) shares of most mutual funds. Lenders other than brokers and dealers and banks must register and deregister with the Federal Reserve using the FR G–1 and FR G–2, respectively, and they must file the FR G–4 annual report while registered. The Federal Reserve uses the data to identify lenders subject to Regulation U, to verify their compliance with the regulation, and to monitor margin credit. Current Actions: The Federal Reserve proposes minor clarifications to the FR G–1, FR G–3, and FR U–1 for consistency purposes. First, the definition of margin stock included in the instructions would be standardized. This would eliminate the confusion as to what securities could be defined as margin stock. Second, the lender’s attestation in Part III of the FR G–3 would be modified to more closely parallel the FR U–1 attestation. 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 shares of 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 offices 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 28, 2010. A. Federal Reserve Bank of Atlanta (Clifford Stanford, Vice President) 1000 Peachtree Street, NE., Atlanta, Georgia 30309: 1. Stuart and Teresa Gibson, both of Canton, Georgia; to acquire control of First Cherokee Bancshares, Inc., and thereby indirectly acquire control of First Cherokee State Bank, both of Woodstock, Georgia. B. Federal Reserve Bank of Minneapolis (Jacqueline G. King, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Robert A. Engen and Beverly J. Engen, both of Tolna, North Dakota, individually and as part of a group acting in concert with Steven R. Engen, Bismarck, North Dakota; to retain and acquire control of Tolna Bancorp, Inc., and thereby indirectly retain and acquire control of The Farmers & Merchants State Bank of Tolna, both of Tolna, North Dakota. Board of Governors of the Federal Reserve System, October 8, 2010. Jennifer J. Johnson, Secretary of the Board. FEDERAL RESERVE SYSTEM [FR Doc. 2010–25867 Filed 10–13–10; 8:45 am] BILLING CODE 6210–01–P VerDate Mar<15>2010 16:30 Oct 13, 2010 FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company Board of Governors of the Federal Reserve System, October 8, 2010. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2010–25857 Filed 10–13–10; 8:45 am] BILLING CODE 6210–01–P Notice of Meeting of the Consumer Advisory Council The Consumer Advisory Council will meet on Thursday, October 21, 2010. The meeting, which will be open to public observation, will take place at the Federal Reserve Board’s offices in Jkt 223001 PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 63183 Washington, DC, in Dining Room E on the Terrace Level of the Martin Building. For security purposes, anyone planning to attend the meeting should register no later than Tuesday, October 19, by completing the form found online at: https://www.federalreserve.gov/ secure/forms/cacregistration.cfm. Attendees must present photo identification to enter the building and should allow sufficient time for security processing. The meeting will begin at 9 a.m. and is expected to conclude at 12:15 p.m. The Martin Building is located on C Street, NW., between 20th and 21st Streets. The Council’s function is to advise the Board on the exercise of the Board’s responsibilities under various consumer financial services laws and on other matters on which the Board seeks its advice. Time permitting, the Council will discuss the following topics: • Proposed Rules Regarding Home Mortgage Transactions: Members will discuss the Board’s proposed rules to amend Regulation Z, which implements the Truth in Lending Act, to enhance consumer protection and improve disclosures for reverse mortgage transactions and other home mortgage loans. • Home Mortgage Disclosure Act (HMDA): In the context of the Board’s recent hearings on potential modifications to Regulation C, which implements HMDA, members will discuss the advantages and disadvantages of suggested changes to Regulation C, addressing the importance or utility of particular information in light of the purposes of HMDA and the burdens and possible privacy risks associated with collecting and reporting that information. • Community Reinvestment Act (CRA): Members will discuss key insights from the recent hearings on modernizing the regulations that implement the CRA, considering issues such as how to update the regulations to reflect changes in the financial services industry, changes in how banking services are delivered to consumers today, and current housing and community development needs. • Foreclosure issues: Members will discuss loss-mitigation efforts, including the Administration’s Making Home Affordable program, neighborhood stabilization initiatives and challenges, and other issues related to foreclosures. Reports by committees and other matters initiated by Council members also may be discussed. Persons wishing to submit views to the Council on any of the above topics may do so by sending written E:\FR\FM\14OCN1.SGM 14OCN1

Agencies

[Federal Register Volume 75, Number 198 (Thursday, October 14, 2010)]
[Notices]
[Page 63183]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-25857]


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FEDERAL RESERVE SYSTEM


Change in Bank Control Notices; Acquisitions of Shares of a Bank 
or Bank Holding Company

    The notificants listed below have applied under the Change in Bank 
Control Act (12 U.S.C. 1817(j)) and Sec.  225.41 of the Board's 
Regulation Y (12 CFR 225.41) to acquire shares of 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 offices 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 28, 2010.
    A. Federal Reserve Bank of Atlanta (Clifford Stanford, Vice 
President) 1000 Peachtree Street, NE., Atlanta, Georgia 30309:
    1. Stuart and Teresa Gibson, both of Canton, Georgia; to acquire 
control of First Cherokee Bancshares, Inc., and thereby indirectly 
acquire control of First Cherokee State Bank, both of Woodstock, 
Georgia.
    B. Federal Reserve Bank of Minneapolis (Jacqueline G. King, 
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Robert A. Engen and Beverly J. Engen, both of Tolna, North 
Dakota, individually and as part of a group acting in concert with 
Steven R. Engen, Bismarck, North Dakota; to retain and acquire control 
of Tolna Bancorp, Inc., and thereby indirectly retain and acquire 
control of The Farmers & Merchants State Bank of Tolna, both of Tolna, 
North Dakota.

    Board of Governors of the Federal Reserve System, October 8, 
2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010-25857 Filed 10-13-10; 8:45 am]
BILLING CODE 6210-01-P