Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 52032-52033 [2012-21120]

Download as PDF 52032 Federal Register / Vol. 77, No. 167 / Tuesday, August 28, 2012 / Notices srobinson on DSK4SPTVN1PROD with NOTICES collection, along with an analysis of comments and recommendations received, will be submitted to the Board for final approval under OMB delegated authority. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Federal Reserve’s functions; including whether the information has practical utility; b. The accuracy of the Federal Reserve’s estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or start up costs and costs of operation, maintenance, and purchase of services to provide information. Proposal To Approve Under OMB Delegated Authority the Extension for Three Years, Without Revision, of the Following Report Report title: Recordkeeping Requirements Associated with the Interagency Statement on Complex Structured Finance Activities. Agency form number: FR 4022. OMB control number: 7100–0311. Frequency: Annual. Reporters: State member banks, bank holding companies, and U.S. branches and agencies of foreign banks supervised by the Federal Reserve. Estimated annual reporting hours: 200 hours. Estimated average hours per response: 10 hours. Estimated number of respondents: 20. General description of report: The FR 4022 is authorized by sections 11(a), 11(i), 21, and 25 of the Federal Reserve Act (12 U.S.C. 248(a), 248(i), 483, and 602), section 5 of the Bank Holding Company Act (12 U.S.C. 1844), and section 13(a) of the International Banking Act (12 U.S.C. 3108(a)) and is voluntary guidance for supervised institutions. However, the Federal Reserve expects to use the Statement in reviewing the internal controls and risk management systems of those financial institutions engaged in Complex Structured Finance Activities (CSFTs) as part of the Federal Reserve’s supervisory process. Since the Federal Reserve does not collect any information, no issue of confidentiality normally arises. However, in the event VerDate Mar<15>2010 16:39 Aug 27, 2012 Jkt 226001 records generated under the guidance are obtained by the Federal Reserve during an examination of a state member bank or U.S. branch or agency of a foreign bank, or during an inspection of a bank holding company, confidential treatment may be afforded to the records under exemption 8 of the Freedom of Information Act (FOIA), 5 U.S.C. 552(b)(8). FOIA exemption 8 exempts from disclosure matters that are contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of an agency responsible for the regulation or supervision of financial institutions. Abstract: The Interagency Statement on Complex Structured Finance Activities provides that state member banks, bank holding companies, and U.S. branches and agencies of foreign banks supervised by the Federal Reserve should establish and maintain policies and procedures for identifying, evaluating, assessing, documenting, and controlling risks associated with certain CSFTs. A financial institution engaged in CSFTs should maintain a set of formal, firm-wide policies and procedures that are designed to allow the institution to identify, evaluate, assess, document, and control the full range of credit, market, operational, legal, and reputational risks associated with these transactions. These policies may be developed specifically for CSFTs, or included in the set of broader policies governing the institution generally. A financial institution operating in foreign jurisdictions may tailor its policies and procedures as appropriate to account for, and comply with, the applicable laws, regulations and standards of those jurisdictions. A financial institution’s policies and procedures should establish a clear framework for the review and approval of individual CSFTs. These policies and procedures should set forth the responsibilities of the personnel involved in the origination, structuring, trading, review, approval, documentation, verification, and execution of CSFTs. A financial institution should define what constitutes a new complex structured finance product and establish a control process for the approval of such new products. An institution’s policies also should provide for new complex structured finance products to receive the approval of all relevant control areas that are independent of the profit center before the product is offered to customers. PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 Board of Governors of the Federal Reserve System, August 22, 2012. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2012–21117 Filed 8–27–12; 8:45 am] BILLING CODE 6210–01–P 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 § 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 September 11, 2012. A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23261–4528: 1. Blaine Scott White, Castlewood, Virginia, individually; and Blaine Scott White Trust (trustee, Blaine Scott White), Blaine Scott White II, Irrevocable Trust (trustee, Blaine Scott White), and Brenda D. White, all of Castlewood, Virginia; Tiffany White, Evergreen, Colorado; James F. White, Jr., and Patricia Jolene White, both of Abingdon, Virginia; Bonny W. Gable of Bristol, Virginia; along with other family members as a group acting in concert to acquire voting shares of New Peoples Bankshares, Inc., and thereby indirectly acquire voting shares of New Peoples Bank, Inc., both in Honaker, Virginia. 2. Harold Lynn Keene, individually, and Harold Lynn Keene and Arbutus Keene, all of Lebanon, Virginia, as a group acting in concert to acquire voting shares of New Peoples Bankshares, Inc., and thereby indirectly acquire voting shares of New Peoples Bank, Inc., both in Honaker, Virginia. B. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Jeffrey D. Snyder, individually and acting in concert with Rhonda R. Snyder, both of Baileyville, Illinois; to E:\FR\FM\28AUN1.SGM 28AUN1 Federal Register / Vol. 77, No. 167 / Tuesday, August 28, 2012 / Notices acquire control of High Point Financial Services, Inc., and thereby indirectly acquire control Forreston State Bank, both in Forreston, Illinois, and Kent Bank, Kent, Illinois. C. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) P.O. Box 442, St. Louis, Missouri 63166–2034: 1. Barbara K. Ferry, Nevada, Missouri; to acquire voting shares of Mid-Missouri Bancshares, Inc., and thereby indirectly acquire voting shares of Mid-Missouri Bank, both in Springfield, Missouri. Board of Governors of the Federal Reserve System, August 22, 2012. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2012–21120 Filed 8–27–12; 8:45 am] BILLING CODE 6210–01–P Dated: Board of Governors of the Federal Reserve System, August 23, 2012. Margaret McCloskey Shanks, Associate Secretary of the Board. FEDERAL RESERVE SYSTEM srobinson on DSK4SPTVN1PROD with NOTICES 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 September 21, 2012. A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) P.O. Box 442, St. Louis, Missouri 63166–2034: VerDate Mar<15>2010 16:39 Aug 27, 2012 Jkt 226001 1. Home BancShares, Inc., Conway, Arkansas; to acquire 100 percent of the voting shares of Premier Bank, Tallahassee, Florida. B. Federal Reserve Bank of San Francisco (Kenneth Binning, Vice President, Applications and Enforcement) 101 Market Street, San Francisco, California 94105–1579: 1. Western Alliance Bancorporation, Phoenix, Arizona; to merge with Western Liberty Bancorp, and thereby indirectly acquire Service1st Bank of Nevada, both in Las Vegas, Nevada. In connection with this application, Applicant has also applied to acquire Las Vegas Sunset Properties, Las Vegas, Nevada, and thereby engage in extending credit and servicing loans, pursuant to section 225.28(b)(1). [FR Doc. 2012–21159 Filed 8–27–12; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies; Correction This notice corrects a notice (FR Doc. 2012–200028) published on pages 48983 and 48984 of the issue for Wednesday, August 15, 2012. Under the Federal Reserve Bank of Minneapolis heading, the entry for Frandsen Financial Corporation, Arden Hills, Minnesota, is revised to read as follows: A. Federal Reserve Bank of Minneapolis (Jacqueline G. King, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Frandsen Financial Corporation, Arden Hills, Minnesota; to acquire 100 percent of the voting shares of Clinton State Bank, Clinton, Minnesota. Comments on this application must be received by September 7, 2012. Dated: Board of Governors of the Federal Reserve System, August 22, 2012. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2012–21119 Filed 8–27–12; 8:45 am] 52033 FEDERAL RESERVE SYSTEM Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR Part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than September 21, 2012. A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. American Bancorporation, Inc., Sapulpa, Oklahoma; to acquire Osage Bancshares, Inc., and thereby indirectly acquire Osage Federal Bank, both in Pawhuska, Oklahoma, and thereby engage in operating a federal savings bank, pursuant to section 225.28(b)(4)(ii). Dated: Board of Governors of the Federal Reserve System, August 22, 2012. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2012–21118 Filed 8–27–12; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES [Document Identifier OS–0955–0002] Agency Information Collection Request. 60-Day Public Comment Request BILLING CODE 6210–01–P PO 00000 Office of the Secretary, HHS. In compliance with the requirement of section 3506(c)(2)(A) of the AGENCY: Frm 00069 Fmt 4703 Sfmt 4703 E:\FR\FM\28AUN1.SGM 28AUN1

Agencies

[Federal Register Volume 77, Number 167 (Tuesday, August 28, 2012)]
[Notices]
[Pages 52032-52033]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-21120]


-----------------------------------------------------------------------

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 September 11, 2012.
    A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Blaine Scott White, Castlewood, Virginia, individually; and 
Blaine Scott White Trust (trustee, Blaine Scott White), Blaine Scott 
White II, Irrevocable Trust (trustee, Blaine Scott White), and Brenda 
D. White, all of Castlewood, Virginia; Tiffany White, Evergreen, 
Colorado; James F. White, Jr., and Patricia Jolene White, both of 
Abingdon, Virginia; Bonny W. Gable of Bristol, Virginia; along with 
other family members as a group acting in concert to acquire voting 
shares of New Peoples Bankshares, Inc., and thereby indirectly acquire 
voting shares of New Peoples Bank, Inc., both in Honaker, Virginia.
    2. Harold Lynn Keene, individually, and Harold Lynn Keene and 
Arbutus Keene, all of Lebanon, Virginia, as a group acting in concert 
to acquire voting shares of New Peoples Bankshares, Inc., and thereby 
indirectly acquire voting shares of New Peoples Bank, Inc., both in 
Honaker, Virginia.
    B. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Jeffrey D. Snyder, individually and acting in concert with 
Rhonda R. Snyder, both of Baileyville, Illinois; to

[[Page 52033]]

acquire control of High Point Financial Services, Inc., and thereby 
indirectly acquire control Forreston State Bank, both in Forreston, 
Illinois, and Kent Bank, Kent, Illinois.
    C. Federal Reserve Bank of St. Louis (Glenda Wilson, Community 
Affairs Officer) P.O. Box 442, St. Louis, Missouri 63166-2034:
    1. Barbara K. Ferry, Nevada, Missouri; to acquire voting shares of 
Mid-Missouri Bancshares, Inc., and thereby indirectly acquire voting 
shares of Mid-Missouri Bank, both in Springfield, Missouri.

    Board of Governors of the Federal Reserve System, August 22, 
2012.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2012-21120 Filed 8-27-12; 8:45 am]
BILLING CODE 6210-01-P