Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 15110 [2012-6147]
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srobinson on DSK4SPTVN1PROD with NOTICES
15110
Federal Register / Vol. 77, No. 50 / Wednesday, March 14, 2012 / Notices
Estimated Annual reporting hours:
100 hours.
Estimated average hours per response:
Loan participation renewal notice, 2
hours; Acquisition notice, 6 hours;
Internal corporate reorganization
transactions notice, 6 hours; and Section
23A additional exemption notice, 10
hours.
Number of respondents: Loan
participation renewal notice, 1;
Acquisition notice, 1; Internal corporate
reorganization transactions notice, 12;
and Section 23A additional exemption
notice, 2.
General description of report: This
information collection is required to
evidence compliance with sections 23A
and 23B of the Federal Reserve Act (12
U.S.C. 371c and 371c-1). Confidential
and proprietary information collected
for the purposes of the Loan
Participation Renewal notice (12 CFR
223.15(b)(4)) may be protected under
the authority of section (b)(4) of FOIA [5
U.S.C. 552(b)(4)]. That section of FOIA
exempts commercial or financial
information deemed competitively
sensitive from disclosure. Respondents
who desire that the information on this
notice be kept confidential in
accordance with section (b)(4) can
request confidential treatment under the
Board’s rules at 12 CFR 261.15. In
addition, information that is obtained as
part of an examination of a financial
institution is exempt from disclosure
under exemption (b)(8) of FOIA. 5
U.S.C. 552(b)(8).
Abstract: On December 12, 2002, the
Federal Reserve published a Federal
Register notice 1 adopting Regulation W
(Reg W) to implement sections 23A and
23B. Reg W was effective April 1, 2003.
The Board issued Reg W for several
reasons. First, the regulatory framework
established by the Gramm-Leach-Bliley
Act 2 emphasized the importance of
sections 23A and 23B as a means to
protect depository institutions from
losses in transactions with affiliates.
Second, adoption of a comprehensive
rule simplified the interpretation and
application of sections 23A and 23B,
ensured that the statute is consistently
interpreted and applied, and minimized
burden on banking organizations to the
extent consistent with the statute’s
goals. Third, issuing a comprehensive
rule allowed the public an opportunity
to comment on Federal Reserve
interpretations of sections 23A and 23B.
The information collection
requirements associated with Regulation
W comprise four notices: (1) The Loan
Participation Renewal notice (12 CFR
1 (67
FR 76603).
Law 106–102, 113 Stat. 1338 (1999).
2 Public
VerDate Mar<15>2010
17:29 Mar 13, 2012
Jkt 226001
223.15(b)(4)), which is a condition to an
exemption for renewals of loan
participations involving problem loans;
(2) the Acquisition notice (12 CFR
223.31(d)(4)), which is a condition to an
exemption for a depository institution’s
acquisition of an affiliate that becomes
an operating subsidiary of the
institution after the acquisition; (3) the
Internal Corporate Reorganization
Transactions notice (12 CFR
223.41(d)(2)),which is a condition to an
exemption for internal corporate
reorganization transactions; and (4) the
Section 23A Additional Exemption
notice (12 CFR 223.43(b)),which
provides procedures for requesting
additional exemptions from the
requirements of section 23A. These
notifications are event-generated and
must be provided to the appropriate
federal banking agency and, if
applicable, the Federal Reserve Board
within the time periods established by
the law and regulation.
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 April 9, 2012.
A. Federal Reserve Bank of Richmond
(Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528:
1. First Carolina Financial Services,
Inc., Durham, North Carolina; to become
a bank holding company by acquiring at
least 95 percent of the voting shares of
First Carolina State Bank, Rocky Mount,
North Carolina, and Pisgah Community
Bank, Asheville, North Carolina.
Board of Governors of the Federal Reserve
System, March 9, 2012.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2012–6147 Filed 3–13–12; 8:45 am]
BILLING CODE 6210–01–P
Board of Governors of the Federal Reserve
System, March 8, 2012.
Jennifer J. Johnson,
Secretary of the Board.
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
[FR Doc. 2012–6074 Filed 3–13–12; 8:45 am]
Food and Drug Administration
BILLING CODE 6210–01–P
[Docket No. FDA–2012–N–0218]
FEDERAL RESERVE SYSTEM
Antiviral Drugs Advisory Committee;
Notice of Meeting
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
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AGENCY:
Food and Drug Administration,
HHS.
ACTION:
Notice.
This notice announces a forthcoming
meeting of a public advisory committee
of the Food and Drug Administration
(FDA). The meeting will be open to the
public.
Name of Committee: Antiviral Drugs
Advisory Committee.
General Function of the Committee:
To provide advice and
recommendations to the Agency on
FDA’s regulatory issues.
DATES: Date and Time: The meeting will
be held on May 10, 2012, from 8 a.m.
to 5:30 p.m.
ADDRESSES: FDA is opening a docket for
public comment on this meeting. The
docket number is FDA–2012–N–0218.
The docket will open for public
comment on March 14, 2012. The
docket will close on May 17, 2012.
Interested persons may submit either
electronic or written comments
regarding this meeting. Submit
electronic comments to https://
www.regulations.gov. Submit written
comments to the Division of Dockets
Management (HFA–305), Food and Drug
Administration, 5630 Fishers Lane, rm.
1061, Rockville, MD 20852. All
E:\FR\FM\14MRN1.SGM
14MRN1
]]>Agencies
[Federal Register Volume 77, Number 50 (Wednesday, March 14, 2012)]
[Notices]
[Page 15110]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-6147]
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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 April 9, 2012.
A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. First Carolina Financial Services, Inc., Durham, North Carolina;
to become a bank holding company by acquiring at least 95 percent of
the voting shares of First Carolina State Bank, Rocky Mount, North
Carolina, and Pisgah Community Bank, Asheville, North Carolina.
Board of Governors of the Federal Reserve System, March 9, 2012.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2012-6147 Filed 3-13-12; 8:45 am]
BILLING CODE 6210-01-P
