Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies, 22545-22546 [2013-08882]
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Federal Register / Vol. 78, No. 73 / Tuesday, April 16, 2013 / Notices
mstockstill on DSK4VPTVN1PROD with NOTICES
the forms contained in the collection
can be obtained at the FDIC’s Web site:
https://www.fdic.gov/regulations/laws/
federal/notices.html.
SUPPLEMENTARY INFORMATION: The FDIC
is requesting OMB approval to renew
the following information collection:
Title: Application for Consent to
Reduce or Retire Capital.
OMB Number: 3064–0079.
Form Number: None.
Estimated Number of applications:
80.
Burden per application: 1 hour.
Total annual burden: 80 hours.
General Description of Collection:
This collection requires insured state
nonmember banks that propose to
change their capital structure to submit
an application containing information
about the proposed change in order to
obtain FDIC’s consent to reduce or retire
capital. The requirements are set forth
in section 18(i) of the Federal Deposit
Insurance Act (12 U.S.C. 1828(i)) and
Part 303 of the FDIC’s regulations (12
CFR 303.241). The FDIC evaluates the
information contained in the letter
application in relation to statutory
considerations and makes a decision to
grant or to withhold consent. The
statutory considerations include the
financial history and condition of the
bank; the adequacy of its capital
structure; its future earnings prospects;
the general character and fitness of its
management; the convenience and
needs of the community to be served;
and, whether or not its corporate powers
are consistent with the purpose of the
Act.
Request for Comment
Comments are invited on: (a) Whether
these collections of information are
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimate of the
burden of the 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; and (d) ways to minimize the
burden of the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
All comments will become a matter of
public record.
Dated at Washington, DC, this 10th day of
April 2013.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013–08823 Filed 4–15–13; 8:45 am]
BILLING CODE 6714–01–P
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FEDERAL DEPOSIT INSURANCE
CORPORATION
Sunshine Act Meeting
Pursuant to the provisions of the
‘‘Government in the Sunshine Act’’ (5
U.S.C. 552b), notice is hereby given that
at 3:14 p.m. on Thursday, April 11,
2013, the Board of Directors of the
Federal Deposit Insurance Corporation
met in closed session to consider
matters related to the Corporation’s
supervision, corporate, and resolution
activities.
In calling the meeting, the Board
determined, on motion of Vice
Chairman Thomas M. Hoenig, seconded
by Director Jeremiah O. Norton
(Appointive), concurred in by Director
Thomas J. Curry (Comptroller of the
Currency), Director Richard Cordray
(Director, Consumer Financial
Protection Bureau), and Chairman
Martin J. Gruenberg, that Corporation
business required its consideration of
the matters which were to be the subject
of this meeting on less than seven days’
notice to the public; that no earlier
notice of the meeting was practicable;
that the public interest did not require
consideration of the matters in a
meeting open to public observation; and
that the matters could be considered in
a closed meeting by authority of
subsections (c)(2), (c)(4), (c)(6), (c)(8),
(c)(9)(A)(ii), (c)(9)(B), and (c)(10) of the
‘‘Government in the Sunshine Act’’ (5
U.S.C. 552b(c)(2), (c)(4), (c)(6), (c)(8),
(c)(9)(A)(ii), (c)(9)(B), and (c)(10)).
The meeting was held in the Board
Room of the FDIC Building located at
550 17th Street NW., Washington, DC.
Dated: April 11, 2013.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013–08988 Filed 4–12–13; 11:15 am]
22545
requires each agency to establish, in
accordance with regulations prescribed
by the Office of Personnel Management,
one or more performance review boards.
The board shall review and evaluate the
initial appraisal of a senior executive’s
performance by the supervisor, along
with any recommendations to the
appointing authority relative to the
performance of the senior executive.
Mario Cordero,
Chairman.
The Members of the Performance
Review Board Are:
1. William P. Doyle, Commissioner
2. Rebecca F. Dye, Commissioner
3. Michael A. Khouri, Commissioner
4. Richard A. Lidinsky, Jr.,
Commissioner
5. Clay G. Guthridge, Administrative
Law Judge
6. Erin M. Wirth, Administrative Law
Judge
7. Florence A. Carr, Deputy Managing
Director
8. Rebecca A. Fenneman, General
Counsel
9. Karen V. Gregory, Secretary
10. Vern W. Hill, Director, Bureau of
Certification and Licensing
11. Peter J. King, Director, Bureau of
Enforcement
12. Sandra L. Kusumoto, Director,
Bureau of Trade Analysis
13. Ronald D. Murphy, Managing
Director
15. Austin L. Schmitt, Director, Strategic
Planning and Regulatory Review
[FR Doc. 2013–08871 Filed 4–15–13; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Savings and Loan Holding
Companies
BILLING CODE P
FEDERAL MARITIME COMMISSION
Performance Review Board
Federal Maritime Commission.
Notice.
AGENCY:
ACTION:
SUMMARY: Notice is hereby given of the
names of the members of the
Performance Review Board.
FOR FURTHER INFORMATION CONTACT:
Harriette H. Charbonneau, Director of
Human Resources, Federal Maritime
Commission, 800 North Capitol Street
NW., Washington, DC 20573.
SUPPLEMENTARY INFORMATION: Sec.
4314(c)(1) through (5) of title 5, U.S.C.,
PO 00000
Frm 00035
Fmt 4703
Sfmt 4703
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Home Owners’ Loan Act
(12 U.S.C. 1461 et seq.) (HOLA),
Regulation LL (12 CFR part 238), and
Regulation MM (12 CFR part 239), and
all other applicable statutes and
regulations to become a savings and
loan holding company and/or to acquire
the assets or the ownership of, control
of, or the power to vote shares of a
savings association and nonbanking
companies owned by the savings and
loan 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
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22546
Federal Register / Vol. 78, No. 73 / Tuesday, April 16, 2013 / Notices
indicated. The application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the
HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 May 10, 2013.
A. Federal Reserve Bank of
Philadelphia (William Lang, Senior Vice
President) 100 North 6th Street,
Philadelphia, Pennsylvania 19105–
1521:
1. Employee Stock Ownership Plan of
Cenlar Capital Corporation, Ewing, New
Jersey; to become a savings and loan
holding company by retaining up to 65
percent of the voting shares of Cenlar
Capital Corporation, Ewing, New Jersey,
and thereby retain voting shares of
Cenlar Federal Savings Bank, Trenton,
New Jersey.
Board of Governors of the Federal Reserve
System, April 11, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013–08882 Filed 4–15–13; 8:45 am]
BILLING CODE 6210–01–P
FINANCIAL STABILITY OVERSIGHT
COUNCIL
Hearing Procedures
Financial Stability Oversight
Council.
ACTION: Notice of availability; response
to comments.
mstockstill on DSK4VPTVN1PROD with NOTICES
AGENCY:
SUMMARY: The Financial Stability
Oversight Council (Council) has
adopted amendments to its hearing
procedures (Council Hearing
Procedures) for hearings conducted by
the Council under Title I and Title VIII
of the Dodd-Frank Wall Street Reform
and Consumer Protection Act (DoddFrank Act). The Council initially
approved hearing procedures on May
22, 2012 (Initial Hearing Procedures),
and has adopted amendments to apply
the procedures to financial institutions
engaged in payment, clearing, or
settlement activities that are the subject
of a proposed designation by the
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Council under Title VIII of the DoddFrank Act.
DATES: Effective Date: April 4, 2013.
FOR FURTHER INFORMATION CONTACT:
Amias Gerety, Deputy Assistant
Secretary for the Financial Stability
Oversight Council, at (202) 622–8716; or
Thomas E. Scanlon, Senior Counsel,
Department of the Treasury, at (202)
622–8170.
SUPPLEMENTARY INFORMATION:
I. Background
On May 22, 2012, the Council
approved the Initial Hearing Procedures
under sections 111, 113, 804, and 810 of
the Dodd-Frank Act.1 The Initial
Hearing Procedures related to the
conduct of hearings before the Council
in connection with proposed
determinations and emergency waivers
or modifications made pursuant to Title
I and Title VIII of the Dodd-Frank Act.
The Council posted the Initial Hearing
Procedures on its Web site, https://
www.fsoc.gov, and on https://
www.regulations.gov, and issued a
notice of availability and request for
comment on the procedures.2 Four
comments were submitted.3
In general, when the Council makes a
proposed determination regarding a
nonbank financial company under
section 113 of the Dodd-Frank Act or a
proposed designation of a financial
market utility (FMU) or a payment,
clearing, or settlement activity under
section 804 of the Dodd-Frank Act, the
Council must give the nonbank financial
company, FMU, or financial institution
engaged in the payment, clearing, or
settlement activity notice and an
opportunity to contest the proposed
determination or designation through a
hearing.4 The Dodd-Frank Act does not
set forth procedures for a hearing to
contest the proposed determinations or
designations. The Council has adopted
the Council Hearing Procedures in order
to provide procedures for a nonbank
financial company, FMU, or financial
institution engaged in a payment,
clearing, or settlement activity that
requests a hearing.
Except for limited amendments,
particularly to expand the scope of
‘‘petitioner’’ to include a financial
institution engaged in payment,
clearing, or settlement activities, as
discussed below, the Council is not
1 12
U.S.C. 5321, 5323, 5463, and 5469.
Procedures; Notice of Availability, 77
FR 31,855 (May 30, 2012).
3 Comments were received from American
Financial Services Association (AFSA), American
Insurance Association (AIA), Gibson, Dunn &
Crutcher LLP (Gibson, Dunn), and The Financial
Services Roundtable (the Roundtable).
4 12 U.S.C. 5323(e)(1)–(2), 5463(c)(2).
2 Hearing
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modifying the Initial Hearing
Procedures. The Council is issuing this
notice to respond to the comments
received and to provide guidance on the
implementation of the Council Hearing
Procedures. In addition, the Council has
posted the Council Hearing Procedures
on its Web site, https://www.fsoc.gov,
and on https://www.regulations.gov.
II. Amendment to the Initial Hearing
Procedures
The Council has expanded the scope
of the hearing procedures by amending
the definition of ‘‘petitioner’’ in § 2 of
the Initial Hearing Procedures. The
Council is adding a new paragraph (5)
to the definition of ‘‘petitioner’’ to
include ‘‘[a] financial institution which
engages in a payment, clearing, or
settlement activity that is the subject of
a proposed designation, pursuant to
section 804 of the Dodd-Frank Act, and
which seeks to demonstrate that the
proposed designation or rescission of
designation is not supported by
substantial evidence.’’ Correspondingly,
the Council is amending the definition
of ‘‘hearing’’ to cover a proceeding
involving a financial institution which
engages in a payment, clearing, or
settlement activity. Under section
804(a)(1) of the Dodd-Frank Act, the
Council is authorized to designate
‘‘payment, clearing, or settlement
activities that the Council determines
are, or are likely to become, systemically
important.’’ 5 Section 804(c) of the
Dodd-Frank Act permits a financial
institution engaged in payment,
clearing, or settlement activities to
request a hearing before the Council to
demonstrate that the proposed
designation (or rescission of
designation) of such activities is not
supported by substantial evidence.6 The
amendments to the Initial Hearing
Procedures clarify that if the Council
issues a notice of a proposed
designation relating to a payment,
clearing, or settlement activity, one or
more financial institutions that engage
in that activity may request a hearing to
contest the Council’s action.
In addition, the Council has amended
§ 5(e) of the Initial Hearing Procedures
to provide that petitioners will be
entitled, upon request, to obtain a copy
of the transcript or other recording of an
oral hearing without payment of the cost
of the transcript or recording.
5 12
6 12
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U.S.C. 5463(a)(1).
U.S.C. 5463(c)(2)(C).
16APN1
]]>Agencies
[Federal Register Volume 78, Number 73 (Tuesday, April 16, 2013)]
[Notices]
[Pages 22545-22546]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-08882]
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Savings and Loan
Holding Companies
The companies listed in this notice have applied to the Board for
approval, pursuant to the Home Owners' Loan Act (12 U.S.C. 1461 et
seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12
CFR part 239), and all other applicable statutes and regulations to
become a savings and loan holding company and/or to acquire the assets
or the ownership of, control of, or the power to vote shares of a
savings association and nonbanking companies owned by the savings and
loan 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 22546]]
indicated. The application also will 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 HOLA (12 U.S.C.
1467a(e)). 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
10(c)(4)(B) of the HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 May 10, 2013.
A. Federal Reserve Bank of Philadelphia (William Lang, Senior Vice
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-1521:
1. Employee Stock Ownership Plan of Cenlar Capital Corporation,
Ewing, New Jersey; to become a savings and loan holding company by
retaining up to 65 percent of the voting shares of Cenlar Capital
Corporation, Ewing, New Jersey, and thereby retain voting shares of
Cenlar Federal Savings Bank, Trenton, New Jersey.
Board of Governors of the Federal Reserve System, April 11,
2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013-08882 Filed 4-15-13; 8:45 am]
BILLING CODE 6210-01-P
