Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 27645 [2011-11636]
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Federal Register / Vol. 76, No. 92 / Thursday, May 12, 2011 / Notices
FEDERAL RESERVE SYSTEM
FEDERAL TRADE COMMISSION
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
Agency Information Collection
Activities; Proposed Collection;
Comment Request; Extension
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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 application 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.
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 June 6, 2011.
A. Federal Reserve Bank of
Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90
Hennepin Avenue, Minneapolis,
Minnesota 55480–0291:
1. Leackco Bank Holding Company,
Inc., Wolsey, South Dakota; to acquire
100 percent of the voting shares of and
merge with Kingsbury Bank Holding
Company, and thereby indirectly
acquire voting shares of Peoples State
Bank, both in De Smet, South Dakota.
Board of Governors of the Federal Reserve
System, May 9, 2011.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2011–11636 Filed 5–11–11; 8:45 am]
BILLING CODE 6210–01–P
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14:49 May 11, 2011
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Federal Trade Commission
(‘‘Commission’’ or ‘‘FTC’’).
ACTION: Notice.
AGENCY:
The information collection
requirements described below will be
submitted to the Office of Management
and Budget (‘‘OMB’’) for review, as
required by the Paperwork Reduction
Act (‘‘PRA’’). The FTC is seeking public
comments on its proposal to extend
through October 31, 2014, the current
PRA clearance for information
collection requirements contained in the
Commission’s Gramm-Leach-Bliley
Financial Privacy Rule (‘‘GLB Privacy
Rule’’ or ‘‘Rule’’). The current clearance
expires on October 31, 2011.
DATES: Comments must be submitted on
or before July 11, 2011.
ADDRESSES: Interested parties may file a
comment online or on paper, by
following the instructions in the
Request for Comment part of the
SUPPLEMENTARY INFORMATION section
below. Write: ‘‘FTC File No. P085405’’
on your comment, and file your
comment online at https://
ftcpublic.commentworks.com/ftc/
glbprivacyrulepra by following the
instructions on the Web-based form. If
you prefer to file your comment on
paper, mail or deliver your comment to
the following address: Federal Trade
Commission, Office of the Secretary,
Room H–113 (Annex J), 600
Pennsylvania Avenue, NW.,
Washington, DC 20580.
FOR FURTHER INFORMATION CONTACT:
Katherine White, Attorney, Division of
Privacy and Identity Protection, Bureau
of Consumer Protection, (202) 326–
2252, Federal Trade Commission, 600
Pennsylvania Avenue, NW.,
Washington, DC 20580.
SUPPLEMENTARY INFORMATION: Under the
PRA, 44 U.S.C. 3501–3521, Federal
agencies must obtain approval from
OMB for each collection of information
they conduct or sponsor. ‘‘Collection of
information’’ means agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. 44 U.S.C.
3502(3), 5 CFR 1320.3(c). As required by
section 3506(c)(2)(A) of the PRA, the
FTC is providing this opportunity for
public comment before requesting that
OMB extend the existing clearance for
the GLB Privacy Rule, 16 CFR Part 313
(OMB Control Number 3084–0121).
The FTC invites comments on: (1)
Whether the proposed collection of
SUMMARY:
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27645
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(2) the accuracy of the agency’s estimate
of the burden of the proposed collection
of information, including the validity of
the methodology and assumptions used;
(3) ways to enhance the quality, utility,
and clarity of the information to be
collected; and (4) ways to minimize the
burden of the collection of information
on those who are to respond, including
through the use of appropriate
automated, electronic, mechanical, or
other technological collection
techniques or other forms of information
technology, e.g., permitting electronic
submission of responses.
The GLB Privacy Rule is designed to
ensure that customers and consumers,
subject to certain exceptions, will have
access to the privacy policies of the
financial institutions with which they
conduct business. As mandated by the
Gramm-Leach-Bliley Act, 15 U.S.C.
6801–6809, the Rule requires financial
institutions to disclose to consumers: (1)
Initial notice of the financial
institution’s privacy policy when
establishing a customer relationship
with a consumer and/or before sharing
a consumer’s non-public personal
information with certain nonaffiliated
third parties; (2) notice of the
consumer’s right to opt out of
information sharing with such parties;
(3) annual notice of the institution’s
privacy policy to any continuing
customer; and (4) notice of changes in
the institution’s practices on
information sharing. These
requirements are subject to the PRA.
The Rule does not require
recordkeeping.
The FTC, together with the Federal
financial agencies,1 adopted a model
privacy form that financial institutions
may rely on as a safe harbor to provide
disclosures under the privacy rules. The
model privacy form was available for
use beginning in January 2010 and, as
of January 1, 2011, is the only safe
harbor available for compliance with the
privacy rules. 74 FR 62890 (Dec. 1,
2009).
In order to ease the burden on entities
that wanted to adopt the new model
privacy form, the agencies developed an
‘‘Online Form Builder’’ that an entity can
download and use to develop and print
customized versions of a model
1 Board of Governors of the Federal Reserve
System, Commodity Futures Trading Commission
Federal Deposit Insurance Corporation, National
Credit Union Administration, Office of the
Comptroller of the Currency, Office of Thrift
Supervision, and the Securities and Exchange
Commission.
E:\FR\FM\12MYN1.SGM
12MYN1
]]>Agencies
[Federal Register Volume 76, Number 92 (Thursday, May 12, 2011)]
[Notices]
[Page 27645]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-11636]
[[Page 27645]]
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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 application 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.
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 June 6, 2011.
A. Federal Reserve Bank of Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota
55480-0291:
1. Leackco Bank Holding Company, Inc., Wolsey, South Dakota; to
acquire 100 percent of the voting shares of and merge with Kingsbury
Bank Holding Company, and thereby indirectly acquire voting shares of
Peoples State Bank, both in De Smet, South Dakota.
Board of Governors of the Federal Reserve System, May 9, 2011.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2011-11636 Filed 5-11-11; 8:45 am]
BILLING CODE 6210-01-P
