Corporation To Do Business Under Section 25A of the Federal Reserve Act, 30292 [2012-12348]

Download as PDF srobinson on DSK4SPTVN1PROD with NOTICES 30292 Federal Register / Vol. 77, No. 99 / Tuesday, May 22, 2012 / Notices 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 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. Current Actions: On March 14, 2012, the Federal Reserve published a notice in the Federal Register (77 FR 15108) requesting public comment for 60 days on the extension, without revision, of the FR 2064 and Reg W. The comment period for this notice expired on May 14, 2012. The Federal Reserve did not receive any comments. 1 (67 FR 76603) Law 106–102, 113 Stat. 1338 (1999). 2 Public VerDate Mar<15>2010 17:20 May 21, 2012 Jkt 226001 Board of Governors of the Federal Reserve System, May 17, 2012. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2012–12328 Filed 5–21–12; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Corporation To Do Business Under Section 25A of the Federal Reserve Act The company listed in this notice has applied to the Board for approval, pursuant to Section 25A of the Federal Reserve Act (Edge Corporation) 12 U.S.C. Sec. 611 et seq., and all other applicable statutes and regulations to establish an Edge Corporation. The Edge Corporation will operate as a subsidiary of the applicant. The factors that are to be considered in acting on the application are set forth in the Board’s Regulation K (12 CFR 211.4). The application 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 office of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in Section 25A of the Federal Reserve Act. Unless otherwise noted, comments regarding this application may be received at the Reserve Bank indicated or the offices of the Board of Governors not later than June 6, 2012. A. Federal Reserve Bank of San Francisco (Kenneth Binning, Vice President, Applications and Enforcement) 101 Market Street, San Francisco, California 94105–1579: 1. Silicon Valley Bank, Santa Clara, California; to establish SVC International Finance, Inc., Santa Clara, California, as an Edge Corporation, and thereby engage in making investments in foreign organizations. Board of Governors of the Federal Reserve System, May 17, 2012. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2012–12348 Filed 5–21–12; 8:45 am] BILLING CODE 6210–01–P 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 PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 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 June 15, 2012. A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) P.O. Box 442, St. Louis, Missouri 63166–2034: 1. Mathias Bancshares, Inc., Springdale, Arkansas; to acquire 100 percent of Decatur State Bank, Decatur, Arkansas. Board of Governors of the Federal Reserve System, May 17, 2012. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2012–12347 Filed 5–21–12; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Disease Control and Prevention Disease, Disability, and Injury Prevention and Control Special Interest Project (SIP): Initial Review The meeting announced below concerns Identifying Barriers to Receiving Breast and Cervical Cancer Screening Among Muslim Women Living in the United States, SIP12–052, Panel B, initial review. In accordance with Section 10(a)(2) of the Federal Advisory Committee Act (Pub. L. 92–463), the Centers for Disease Control and Prevention (CDC) announces the aforementioned meeting: E:\FR\FM\22MYN1.SGM 22MYN1

Agencies

[Federal Register Volume 77, Number 99 (Tuesday, May 22, 2012)]
[Notices]
[Page 30292]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-12348]


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FEDERAL RESERVE SYSTEM


Corporation To Do Business Under Section 25A of the Federal 
Reserve Act

    The company listed in this notice has applied to the Board for 
approval, pursuant to Section 25A of the Federal Reserve Act (Edge 
Corporation) 12 U.S.C. Sec. 611 et seq., and all other applicable 
statutes and regulations to establish an Edge Corporation. The Edge 
Corporation will operate as a subsidiary of the applicant. The factors 
that are to be considered in acting on the application are set forth in 
the Board's Regulation K (12 CFR 211.4).
    The application 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 office of the Board of Governors. Interested persons 
may express their views in writing on the standards enumerated in 
Section 25A of the Federal Reserve Act.
    Unless otherwise noted, comments regarding this application may be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than June 6, 2012.
    A. Federal Reserve Bank of San Francisco (Kenneth Binning, Vice 
President, Applications and Enforcement) 101 Market Street, San 
Francisco, California 94105-1579:
    1. Silicon Valley Bank, Santa Clara, California; to establish SVC 
International Finance, Inc., Santa Clara, California, as an Edge 
Corporation, and thereby engage in making investments in foreign 
organizations.

    Board of Governors of the Federal Reserve System, May 17, 2012.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2012-12348 Filed 5-21-12; 8:45 am]
BILLING CODE 6210-01-P