Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 7579 [2012-3256]
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Federal Register / Vol. 77, No. 29 / Monday, February 13, 2012 / Notices
552(b). All such requests for
confidential treatment will be reviewed
on a case-by-case basis.
Abstract: The FR 2320 will be a
quarterly information collection of
parent only and consolidated financial
and organizational structure data of top
and lower tier SLHCs. The data was
previously collected on Schedule HC of
the TFR. Title III of the Dodd-Frank Act
transferred all former OTS authorities
(including rulemaking) related to SLHCs
to the Federal Reserve on July 21, 2011.
Consequently, the Federal Reserve
became responsible for the consolidated
supervision of SLHCs beginning July 21,
2011. The Federal Reserve will use the
data to evaluate a diversified holding
company and to determine whether an
SLHC is in compliance with applicable
laws and regulations. In addition, the
data collected will contribute to the
analyses of the overall financial
condition of SLHCs to ensure safe and
sound operations.
Current Actions: On November 10,
2011, the Federal Reserve published a
notice in the Federal Register (76 FR
70146) requesting public comment for
60 days on the implementation of the
Quarterly Savings and Loan Holding
Company Report (FR 2320). The
comment period for this notice expired
on January 9, 2012. The Federal Reserve
received three comment letters
addressing the proposed
implementation of the FR 2320: two
from law firms and one from a financial
services company.
Two commenters requested
clarification of the reporting criteria for
multi-tiered SLHCs. Also, these
commenters asked that the Federal
Reserve be flexible when determining
which SLHCs within a multi-tiered
organization would be required to file
the FR 2320. In response to the
comments, the Federal Reserve will
clarify the FR 2320 instructions to
indicate which SLHCs should file the
FR 2320. The FR 2320 will generally be
filed by the top-tier SLHC if that SLHC
is exempt 1 from filing the Federal
Reserve’s existing regulatory reports.
However, if a top-tier SLHC is not
required to file the FR 2320, then a
lower-tier SLHC must file FR 2320.
Such determination as to which SLHC
will be required to file the FR 2320 will
be made by the district Federal Reserve
Bank. In addition, lower-tier SLHCs may
voluntarily file the FR 2320 or may be
1 An exempt SLHC includes: (1) A grandfathered
unitary SLHC whose assets are primarily
commercial and whose thrifts make up less than 5
percent of its consolidated assets; and (2) a SLHC
whose assets are primarily insurance-related and
who does not otherwise submit financial reports
with the Securities and Exchange Commission.
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14:46 Feb 10, 2012
Jkt 226001
required to file (in addition to the toptier SLHC) for safety and soundness
purposes at the discretion of the district
Federal Reserve Bank.
One commenter noted certain data
items that were given confidential
treatment by the OTS are no longer
afforded the same treatment in the FR
2320 and this may be of concern to
privately held institutions. After
considering these comments, the
Federal Reserve believes the data items
no longer held as confidential will not
cause competitive harm to any
institution, publicly or privately held
and notes there are several BHCs that
are privately held where similar
information is made publicly available.
However, as noted above, institutions
may request, in writing, confidential
treatment for any data item in the FR
2320 or for all data items in the report,
and confidential treatment will be
afforded if the institution is able to
establish that disclosure would cause
substantial competitive harm.
Board of Governors of the Federal Reserve
System, February 7, 2012.
Jennifer J. Johnson,
Secretary of the Board.
7579
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 March 9, 2012.
A. Federal Reserve Bank of
Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90
Hennepin Avenue, Minneapolis,
Minnesota 55480–0291:
1. Western State Agency, Inc.
Employee Stock Ownership Plan and
Trust, Devils Lake, North Dakota; to
acquire an additional 14.44 percent, for
a total of 43.25 percent of the voting
shares of Western State Agency, Inc.,
Devils Lake, North Dakota, and thereby
indirectly acquire additional voting
shares of Western State Bank, Devils
Lake, North Dakota.
Dated: February 8, 2012.
Board of Governors of the Federal Reserve
System.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2012–3256 Filed 2–10–12; 8:45 am]
BILLING CODE 6210–01–P
[FR Doc. 2012–3192 Filed 2–10–12; 8:45 am]
BILLING CODE 6210–01–P
GOVERNMENT ACCOUNTABILITY
OFFICE
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 will also 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
PO 00000
Frm 00015
Fmt 4703
Sfmt 4703
Debarment, Suspension, and
Ineligibility of Contractors
AGENCY:
Government Accountability
Office.
ACTION:
Policy statement.
On September 30, 2011, the
Government Accountability Office
(GAO) provided notice of its proposed
policy to adopt the policies and
procedures contained in the Federal
Acquisition Regulation (FAR) regarding
the debarment, suspension, and
ineligibility of government contractors.
Comments on GAO’s policy were due
on or before November 14, 2011. GAO
received two comments. Both comments
expressed support for GAO’s efforts to
adopt policies and procedures regarding
the debarment, suspension, and
ineligibility of government contractors.
Neither comment suggested any changes
to GAO’s policy statement. GAO is
adopting, with minor changes, the
policy statement published in the
Federal Register on September 30, as set
forth below.
As a legislative branch agency, GAO
is not subject to the requirements of the
FAR. However, it is GAO’s general
policy to follow the FAR, as appropriate
and applicable. Mandatory application
of the FAR is not to be inferred from
SUMMARY:
E:\FR\FM\13FEN1.SGM
13FEN1
Agencies
[Federal Register Volume 77, Number 29 (Monday, February 13, 2012)]
[Notices]
[Page 7579]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-3256]
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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 will also 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 March 9, 2012.
A. Federal Reserve Bank of Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota
55480-0291:
1. Western State Agency, Inc. Employee Stock Ownership Plan and
Trust, Devils Lake, North Dakota; to acquire an additional 14.44
percent, for a total of 43.25 percent of the voting shares of Western
State Agency, Inc., Devils Lake, North Dakota, and thereby indirectly
acquire additional voting shares of Western State Bank, Devils Lake,
North Dakota.
Dated: February 8, 2012.
Board of Governors of the Federal Reserve System.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2012-3256 Filed 2-10-12; 8:45 am]
BILLING CODE 6210-01-P