Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 69454-69455 [2012-28072]
Download as PDF
<![CDATA[
69454
Federal Register / Vol. 77, No. 223 / Monday, November 19, 2012 / Notices
FEDERAL COMMUNICATIONS
COMMISSION
[DA 12–1721]
Emergency Access Advisory
Committee; Announcement of Date of
Next Meeting
Federal Communications
Commission.
ACTION: Notice.
AGENCY:
This document announces the
date of the Emergency Access Advisory
Committee’s (Committee or EAAC) next
meeting. At the November meeting, the
agenda will include discussion of draft
reports from the EAAC subcommittees
and other activities needed to ensure
access to 911 by individuals with
disabilities.
DATES: The Committee’s next meeting
will take place on Friday, November 9,
2012, 10:30 a.m. to 3:30 p.m. (EST), at
the headquarters of the Federal
Communications Commission (FCC).
ADDRESSES: Federal Communications
Commission, 445 12th Street SW.,
Washington, DC 20554, in the
Commission Meeting Room.
FOR FURTHER INFORMATION CONTACT:
Cheryl King, Consumer and
Governmental Affairs Bureau, (202)
418–2284 (voice) or (202) 418–0416
(TTY), email: Cheryl.King@fcc.gov and/
or Patrick Donovan, Public Safety and
Homeland Security Bureau, (202) 418–
2413, email: Patrick.Donovan@fcc.gov.
SUPPLEMENTARY INFORMATION: On
December 7, 2010, in document DA 10–
2318, Chairman Julius Genachowski
announced the establishment and
appointment of members and CoChairpersons of the EAAC, an advisory
committee required by the Twenty-First
Century Communications and Video
Accessibility Act (CVAA), Public Law
11–260, for the purpose of achieving
equal access to emergency services by
individuals with disabilities as part of
our nation’s migration to a national
Internet protocol-enabled emergency
network, also known as the next
generation 9–1–1 system (NG9–1–1).
The purpose of the EAAC is to
determine the most effective and
efficient technologies and methods by
which to enable access to Next
Generation 911 (NG 9–1–1) emergency
services by individuals with disabilities,
and to make recommendations to the
Commission on how to achieve those
effective and efficient technologies and
methods. During the spring of 2011, the
EAAC conducted a nationwide survey
of individuals with disabilities and
released a report on that survey on June
21, 2011. Following release of the
pmangrum on DSK3VPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
14:04 Nov 16, 2012
Jkt 229001
survey report, the EAAC developed
recommendations, which it submitted to
the Commission on December 7, 2011,
as required by the CVAA. At the
November 2012 EAAC meeting, the
agenda will include discussion of draft
reports from the EAAC subcommittees
and other activities needed to ensure
access to 911 by individuals with
disabilities.
The meeting site is fully accessible to
people using wheelchairs or other
mobility aids. Sign language
interpreters, open captioning, and
assistive listening devices will be
provided on site. Other reasonable
accommodations for people with
disabilities are available upon request.
In your request, include a description of
the accommodation you will need and
a way we can contact you if we need
more information. Last minute requests
will be accepted, but may be impossible
to fill. Send an email to: fcc504@fcc.gov
or call the Consumer and Governmental
Affairs Bureau at (202) 418–0530
(voice), (202) 418–0432 (TTY).
To request materials in accessible
formats for people with disabilities
(Braille, large print, electronic files,
audio format), send an email to fcc504@
fcc.gov or call the Consumer and
Governmental Affairs Bureau at (202)
418–0530 (voice), (202) 418–0432
(TTY).
Federal Communications Commission.
Karen Peltz Strauss,
Deputy Chief, Consumer and Governmental
Affairs Bureau.
[FR Doc. 2012–28093 Filed 11–16–12; 8:45 am]
BILLING CODE 6712–01–P
A. Federal Reserve Bank of Richmond
(Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528:
1. Thomas F. Dungan, III, Teri
Dungan, and Thomas F. Dungan, Jr., all
of Fairfax, Virginia; together with
Andover Investments, LLC, Vienna,
Virginia, as a group acting in concert, to
acquire voting shares of Virginia
Heritage Bank, Vienna, Virginia.
2. Edgar L. Woods, Bluffton, South
Carolina, individually and as part of a
group acting in concert with Edgar
Woods, Woods Holdings Inc., RPM
Palmetto Grain Brokerage LLC Profit
Sharing Plan DTD 12/01/01 FBO Edgar
L. Woods, Milton Woods Jr. and Susan
H Woods, both of Ridgeland, South
Carolina, and J. Eric Woods, Bluffton,
South Carolina, as a group acting in
concert; to individually acquire voting
shares of Atlantic Bancshares, Inc., and
thereby indirectly acquire voting shares
of Atlantic Community Bank, both in
Bluffton, South Carolina.
B. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. Roger D. Underwood, individually
and acting in concert with Michael L.
Underwood, both of Guthrie Center,
Iowa; to acquire voting shares of Guthrie
County Bancshares, Inc., Guthrie Center,
Iowa and thereby indirectly acquire
voting shares of Guthrie County State
Bank, Panora, Iowa.
Board of Governors of the Federal Reserve
System, November 14, 2012.
Michael J. Lewandowski,
Assistant Secretary of the Board.
[FR Doc. 2012–28073 Filed 11–16–12; 8:45 am]
FEDERAL RESERVE SYSTEM
BILLING CODE 6210–01–P
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
FEDERAL RESERVE SYSTEM
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
December 4, 2012.
PO 00000
Frm 00021
Fmt 4703
Sfmt 4703
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
E:\FR\FM\19NON1.SGM
19NON1
Federal Register / Vol. 77, No. 223 / Monday, November 19, 2012 / Notices
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 December 14,
2012.
A. Federal Reserve Bank of Boston
(Richard Walker, Community Affairs
Officer) 600 Atlantic Avenue, Boston,
Massachusetts 02210–2204:
1. New Hampshire Mutual Bancorp,
Manchester, New Hampshire; to become
a bank holding company by acquiring
100 percent of the voting shares of
Meredith Village Savings Bank,
Meredith, New Hampshire.
2. New Hampshire Mutual Bancorp,
Manchester, New Hampshire, to become
a bank holding company by acquiring
and merging with Merrimack Bancorp,
MHC, and thereby indirectly acquiring
voting shares of Merrimack County
Savings Bank, both in Concord, New
Hampshire.
Board of Governors of the Federal Reserve
System, November 14, 2012.
Michael J. Lewandowski,
Assistant Secretary of the Board.
[FR Doc. 2012–28072 Filed 11–16–12; 8:45 am]
BILLING CODE 6210–01–P
FINANCIAL STABILITY OVERSIGHT
COUNCIL
Proposed Recommendations
Regarding Money Market Mutual Fund
Reform
Financial Stability Oversight
Council.
ACTION: Proposed recommendation.
AGENCY:
Section 120 of the DoddFrank Wall Street Reform and Consumer
Protection Act authorizes the Financial
Stability Oversight Council (Council) to
issue recommendations to a primary
financial regulatory agency to apply
new or heightened standards and
safeguards for a financial activity or
practice conducted by bank holding
companies or nonbank financial
companies under the agency’s
jurisdiction. The Council is seeking
pmangrum on DSK3VPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
14:04 Nov 16, 2012
Jkt 229001
public comment on proposed
recommendations that the Council may
make to the Securities and Exchange
Commission to implement structural
reforms for money market mutual funds
(MMFs). Proposed Recommendations
Regarding Money Market Mutual Fund
Reform provides an overview of MMFs,
an outline of the history of reform
efforts and the role of the Council, the
Council’s proposed determination that
MMFs’ activities and practices create or
increase certain risks, three proposed
alternatives for reform, and an
assessment of the impact of the
Council’s proposed recommendations
on long-term economic growth. In
addition, the Council is requesting
public comment on alternative
structural reforms for MMFs.
DATES: Comment due date: January 18,
2013.
ADDRESSES: Interested persons are
invited to submit comments on all
aspects of Proposed Recommendations
Regarding Money Market Mutual Fund
Reform according to the instructions
below. All submissions must refer to
docket number FSOC–2012–0003.
Electronic Submission of Comments.
Interested persons may submit
comments electronically through the
Federal eRulemaking Portal at https://
www.regulations.gov. Electronic
submission of comments allows the
commenter maximum time to prepare
and submit a comment, ensures timely
receipt, and enables the Council to make
them available to the public. Comments
submitted electronically through https://
www.regulations.gov can be viewed by
other commenters and interested
members of the public. Commenters
should follow the instructions provided
on that site to submit comments
electronically.
Mail: Comments may be mailed to
Financial Stability Oversight Council,
Attn: Amias Gerety, 1500 Pennsylvania
Avenue NW., Washington, DC 20220.
Public Inspection of Comments.
Properly submitted comments will be
available for inspection and
downloading at https://
www.regulations.gov.
Additional Instructions. In general,
comments received, including
attachments and other supporting
materials, are part of the public record
and are immediately available to the
public. Do not include any information
in your comment or supporting
materials that you consider confidential
or inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT:
Amias Gerety, Deputy Assistant
Secretary for the Financial Stability
Oversight Council, Department of the
PO 00000
Frm 00022
Fmt 4703
Sfmt 4703
69455
Treasury, at (202) 622–8716; Sharon
Haeger, Office of the General Counsel,
Department of the Treasury, at (202)
622–4353; or Eric Froman, Office of the
General Counsel, Department of the
Treasury, at (202) 622–1942.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Executive Summary
II. Overview of Money Market Mutual Funds
III. History of Reform Efforts and Role of the
Financial Stability Oversight Council
IV. Proposed Determination That MMFs
Could Create or Increase the Risk of
Significant Liquidity and Credit
Problems Spreading Among Financial
Companies and Markets
V. Proposed Recommendations
VI. Consideration of the Economic Impact of
Proposed Reform Recommendations on
Long-Term Economic Growth
I. Executive Summary
Reforms to address the structural
vulnerabilities of money market mutual
funds (MMFs or funds) are essential to
safeguard financial stability. MMFs are
mutual funds that offer individuals,
businesses, and governments a
convenient and cost-effective means of
pooled investing in money market
instruments. MMFs are a significant
source of short-term funding for
businesses, financial institutions, and
governments. However, the 2007–2008
financial crisis demonstrated that MMFs
are susceptible to runs that can have
destabilizing implications for financial
markets and the economy. In the days
after Lehman Brothers Holdings, Inc.
failed and the Reserve Primary Fund, a
$62 billion prime MMF, ‘‘broke the
buck,’’ investors redeemed more than
$300 billion from prime MMFs and
commercial paper markets shut down
for even the highest-quality issuers. The
Treasury Department’s guarantee of
more than $3 trillion of MMF shares and
a series of liquidity programs
introduced by the Federal Reserve were
needed to help stop the run on MMFs
during the financial crisis and
ultimately helped MMFs to continue to
function as intermediaries in the
financial markets.
The Securities and Exchange
Commission (SEC) took important steps
in 2010 by adopting regulations to
improve the resiliency of MMFs (the
‘‘2010 reforms’’). But the 2010 reforms
did not address the structural
vulnerabilities of MMFs that leave them
susceptible to destabilizing runs. These
vulnerabilities arise from MMFs’
maintenance of a stable value per share
and other factors as discussed below.
MMFs’ activities and practices give rise
to a structural vulnerability to runs by
E:\FR\FM\19NON1.SGM
19NON1
]]>Agencies
[Federal Register Volume 77, Number 223 (Monday, November 19, 2012)]
[Notices]
[Pages 69454-69455]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-28072]
-----------------------------------------------------------------------
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
[[Page 69455]]
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 December 14, 2012.
A. Federal Reserve Bank of Boston (Richard Walker, Community
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02210-2204:
1. New Hampshire Mutual Bancorp, Manchester, New Hampshire; to
become a bank holding company by acquiring 100 percent of the voting
shares of Meredith Village Savings Bank, Meredith, New Hampshire.
2. New Hampshire Mutual Bancorp, Manchester, New Hampshire, to
become a bank holding company by acquiring and merging with Merrimack
Bancorp, MHC, and thereby indirectly acquiring voting shares of
Merrimack County Savings Bank, both in Concord, New Hampshire.
Board of Governors of the Federal Reserve System, November 14,
2012.
Michael J. Lewandowski,
Assistant Secretary of the Board.
[FR Doc. 2012-28072 Filed 11-16-12; 8:45 am]
BILLING CODE 6210-01-P
