Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager, 70438-70439 [2012-28554]

Download as PDF 70438 Federal Register / Vol. 77, No. 227 / Monday, November 26, 2012 / Notices components of those elements) under the baseline scenario for each year through 2017. Banks are required to complete the schedule based on the methodologies outlined in the U.S. banking agencies NPRs: Basel III NPR, Advanced Approaches NPR, and final market risk capital rule (see FDIC Joint Release dated June 12, 2012 9). Covered banks also are required to include data on the projected impact of any significant actions planned in response to Basel III and the Dodd-Frank Act (for example, asset sales, asset wind-downs, and data collection and modeling enhancements). The FDIC expects to align this template and its instructions with the rules implementing the Basel III framework in the U.S. when those rules are final. Description of FDIC DFAST–14A Regulatory Capital Instruments Template The regulatory capital instruments schedule collects historical data and projections of covered banks’ balances of the funded instruments that are included in regulatory capital. The schedule collects data by instrument type, in addition to projections for issuances and redemptions that contribute to changes in balances under the covered bank baseline scenario. mstockstill on DSK4VPTVN1PROD with NOTICES Description of FDIC DFAST–14A Operational Risk Template The operational risk schedule collects data on covered banks’ historical and current operational losses. This schedule is only required from covered banks subject to the advanced approaches risk-based capital rules. The first worksheet gathers data on covered banks’ operational risk capital by unitof-measure (undiversified basis) from Q4 of the previous year to Q3 of the reporting year. The second worksheet gather data on the total dollar value of a covered banks’ legal reserve balance as of September 30. Description of FDIC DFAST–14A Scenario Template To conduct the stress test required under this rule, a covered bank may need to project additional economic and financial variables to estimate losses or revenues for some or all of its portfolios. In such a case, the covered bank is required to complete a worksheet for each scenario where such additional variables are used to conduct the stress test. Each scenario worksheet collects the variable name (matching that reported on the Scenario Variable 9 https://www.fdic.gov/news/news/press/2012/ pr12068.html. VerDate Mar<15>2010 16:24 Nov 23, 2012 Jkt 229001 Definitions worksheet), the actual value of the variable during the Q3 of the reporting year, and the projected value of the variable for nine future quarters. Description of FDIC DFAST–14A Contact Information Template The contact information template includes a directory worksheet for reporting points of contact for each of the templates described above: summary, counterparty credit risk, Basel III and Dodd-Frank, operational risk, regulatory capital instruments, and scenario. Description of Supporting Documentation Covered banks must submit clear documentation of the projections included in the worksheets to support efficient and timely review of annual stress test results by the FDIC. The supporting documentation should be submitted electronically and is not expected to be reported in the workbooks used for required data reporting. This supporting documentation must clearly describe the methodology used to produce the stress test projections, and must include how the macroeconomic factors were translated into a covered bank’s projections, as well as technical details of any underlying statistical methods used. Where company-specific assumptions are made that differ from the broad macroeconomic assumptions incorporated in stress scenarios provided by the FDIC, the documentation must also describe such assumptions and how those assumptions relate to reported projections. Where historical relationships are relied upon, the covered banks must describe the historical data and provide the basis for the expectation that these relationships would be maintained in each scenario, particularly under adverse and severely adverse conditions. Comment Summary In the Federal Register of August 30, 2012 (77 FR 52718), the FDIC published a 60-day notice requesting public comment on the templates and the collection of information. The FDIC did not receive any comments. Burden Estimates The FDIC estimates the burden of this collection of information as follows: Estimated Number of Respondents: 4. Estimated Annual Burden per Respondent: 1,040 hours. Estimated Total Annual Burden: 4,160 hours. PO 00000 Frm 00027 Fmt 4703 Sfmt 4703 The FDIC recognizes the Board has estimated 79,200 hours for bank holding companies to prepare their systems for submitting data for the FR Y–14.10 The FDIC believes that these systems will also be used to submit data for the reporting templates described in this notice. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the FDIC, including whether the information has practical utility; (b) The accuracy of the FDIC’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the 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. Dated at Washington, DC, this 20th day of November 2012. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. 2012–28596 Filed 11–23–12; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager Federal Deposit Insurance Corporation. ACTION: Update Listing of Financial Institutions in Liquidation. AGENCY: Notice is hereby given that the Federal Deposit Insurance Corporation (Corporation) has been appointed the sole receiver for the following financial institutions effective as of the Date Closed as indicated in the listing. This list (as updated from time to time in the Federal Register) may be relied upon as ‘‘of record’’ notice that the Corporation has been appointed receiver for purposes of the statement of policy published in the July 2, 1992 issue of the Federal Register (57 FR 29491). For further information concerning the identification of any institutions which have been placed in liquidation, please visit the Corporation SUMMARY: 10 77 E:\FR\FM\26NON1.SGM FR 60695 (October 4, 2012). 26NON1 70439 Federal Register / Vol. 77, No. 227 / Monday, November 26, 2012 / Notices Web site at www.fdic.gov/bank/ individual/failed/banklist.html or contact the Manager of Receivership Oversight in the appropriate service center. Dated: November 19, 2012. Federal Deposit Insurance Corporation. Pamela Johnson, Regulatory Editing Specialist. INSTITUTIONS IN LIQUIDATION [In alphabetical order] FDIC Ref. No. Bank name City 10466 ................... Hometown Community Bank ......................................................................... Braselton ............. [FR Doc. 2012–28554 Filed 11–23–12; 8:45 am] BILLING CODE 6714–01–P FEDERAL ELECTION COMMISSION Sunshine Act Notice Federal Election Commission. Wednesday, November 28, 2012 at 10:00 a.m. PLACE: 999 E Street NW., Washington, DC. STATUS: This meeting will be closed to the public. ITEMS TO BE DISCUSSED: Compliance matters pursuant to 2 U.S.C. 437g. Audits conducted pursuant to 2 U.S.C. 437g, 438(b), and Title 26, U.S.C. Matters concerning participation in civil actions or proceedings or arbitration. Internal personnel rules and procedures or matters affecting a particular employee. * * * * * PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. AGENCY: DATE AND TIME: Shawn Woodhead Werth, Secretary and Clerk of the Commission. [FR Doc. 2012–28757 Filed 11–21–12; 4:15 pm] BILLING CODE 6715–01–P FEDERAL RESERVE SYSTEM mstockstill on DSK4VPTVN1PROD with NOTICES Federal Open Market Committee Domestic Policy Directive of October 23–24, 2012 In accordance with Section 271.25 of its rules regarding availability of information (12 CFR part 271), there is set forth below the domestic policy directive issued by the Federal Open Market Committee at its meeting held on October 23–24, 2012.1 1 Copies of the Minutes of the Federal Open Market Committee at its meeting held on October 23–24, 2012, which includes the domestic policy directive issued at the meeting, are available upon request to the Board of Governors of the Federal Reserve System, Washington, DC 20551. The minutes are published in the Federal Reserve Bulletin and in the Board’s Annual Report. VerDate Mar<15>2010 16:24 Nov 23, 2012 Jkt 229001 ‘‘The Federal Open Market Committee seeks monetary and financial conditions that will foster price stability and promote sustainable growth in output. To further its long-run objectives, the Committee seeks conditions in reserve markets consistent with federal funds trading in a range from 0 to 1⁄4 percent. The Committee directs the Desk to continue the maturity extension program it announced in June to purchase Treasury securities with remaining maturities of 6 years to 30 years with a total face value of about $267 billion by the end of December 2012, and to sell or redeem Treasury securities with remaining maturities of approximately 3 years or less with a total face value of about $267 billion. For the duration of this program, the Committee directs the Desk to suspend its policy of rolling over maturing Treasury securities into new issues. The Committee directs the Desk to maintain its existing policy of reinvesting principal payments on all agency debt and agency mortgage-backed securities in the System Open Market Account in agency mortgage-backed securities. The Desk is also directed to continue purchasing agency mortgage-backed securities at a pace of about $40 billion per month. The Committee directs the Desk to engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve’s agency MBS transactions. The System Open Market Account Manager and the Secretary will keep the Committee informed of ongoing developments regarding the System’s balance sheet that could affect the attainment over time of the Committee’s objectives of maximum employment and price stability.’’ By order of the Federal Open Market Committee, November 15, 2012. William B. English, Secretary, Federal Open Market Committee. [FR Doc. 2012–28508 Filed 11–23–12; 8:45 am] BILLING CODE 6210–01–P PO 00000 State Date closed GA 11/16/2012 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 December 19, 2012. A. Federal Reserve Bank of Dallas (E. Ann Worthy, Vice President) 2200 North Pearl Street, Dallas, Texas 75201– 2272: 1. Quanah Financial Corporation Employee Stock Ownership Plan, Quanah, Texas, to retain 32.73 percent of Quanah Financial Corporation, Quanah, Texas, and thereby indirectly acquire First Capital Bank, Quanah, Texas. Board of Governors of the Federal Reserve System. Frm 00028 Fmt 4703 Sfmt 4703 E:\FR\FM\26NON1.SGM 26NON1

Agencies

[Federal Register Volume 77, Number 227 (Monday, November 26, 2012)]
[Notices]
[Pages 70438-70439]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-28554]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Update to Notice of Financial Institutions for Which the Federal 
Deposit Insurance Corporation Has Been Appointed Either Receiver, 
Liquidator, or Manager

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Update Listing of Financial Institutions in Liquidation.

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SUMMARY: Notice is hereby given that the Federal Deposit Insurance 
Corporation (Corporation) has been appointed the sole receiver for the 
following financial institutions effective as of the Date Closed as 
indicated in the listing. This list (as updated from time to time in 
the Federal Register) may be relied upon as ``of record'' notice that 
the Corporation has been appointed receiver for purposes of the 
statement of policy published in the July 2, 1992 issue of the Federal 
Register (57 FR 29491). For further information concerning the 
identification of any institutions which have been placed in 
liquidation, please visit the Corporation

[[Page 70439]]

Web site at www.fdic.gov/bank/individual/failed/banklist.html or 
contact the Manager of Receivership Oversight in the appropriate 
service center.

    Dated: November 19, 2012.

Federal Deposit Insurance Corporation.
Pamela Johnson,
Regulatory Editing Specialist.

                                           Institutions in Liquidation
                                             [In alphabetical order]
----------------------------------------------------------------------------------------------------------------
          FDIC Ref. No.                    Bank name                 City              State        Date closed
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10466............................  Hometown Community Bank.  Braselton..........  GA                  11/16/2012
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[FR Doc. 2012-28554 Filed 11-23-12; 8:45 am]
BILLING CODE 6714-01-P
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