Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 38978-38979 [2013-15516]

Download as PDF tkelley on DSK3SPTVN1PROD with NOTICES 38978 Federal Register / Vol. 78, No. 125 / Friday, June 28, 2013 / Notices the coverage of the federal funds market. At this time, the Federal Reserve has no source of transaction data from the Eurodollar market, so the transaction data collected in this report would be the main source of Eurodollar data for the Desk at the Federal Reserve Bank of New York (FRBNY). In addition, many firms can easily switch between these liabilities. Eurodollar data need to be collected to prevent reporting institutions from booking trades as Eurodollars instead of federal funds to avoid the reporting requirement. For purposes of the FR 2420, ‘‘Eurodollar transactions’’ would be defined as all unsecured liabilities at the close of business in U.S. dollars booked at each non-U.S. office whose total assets exceed $2 billion at the close of business for the report date. Excluded from Eurodollar transactions are: • Demand deposits (as defined on the Schedule E of the Call Report) and any deposit placed under sweep agreements or other contractual cash management agreements (as defined in the General Instructions of Report of Transaction Accounts, Other Deposits and Vault Cash (FR 2900; OMB No. 7100–0087) instructions), • Debt instruments (as defined on Schedule B and Schedule D of the Call Report), • Repurchase agreements and security lending transactions (as defined on RC, Item 14.b on the Call Report and RAL on the FFIEC 002), • Related Party Transactions, • Overdrafts, • Intraday transactions, • Liabilities to individuals, and • All forward starting transactions, even when the reporting date is the settlement date. Eurodollar transactions would be collected only from foreign offices of domestic commercial banks and thrifts and not from U.S. branches and agencies of foreign banks. CDs (Part C)—Data on CD transactions would provide an alternative source of data for the current daily survey of CD rates conducted by the Federal Reserve. These data would also improve market monitoring capabilities because it would provide CD interest rate information that is not currently available. These data could also provide some optionality for creating a broadbased unsecured dollar rate: the CD rates could be combined with the daily commercial paper rates and the federal funds and Eurodollar rates in this collection. For purposes of the FR 2420, reportable CD transactions would be defined as those CDs that have a term of seven days or more that are booked in U.S. offices in U.S. dollars and VerDate Mar<15>2010 19:17 Jun 27, 2013 Jkt 229001 denominated in amounts of $250 thousand or more. Reportable CD transactions would include CDs evidenced by a negotiable or nonnegotiable instrument, or CDs in book-entry form evidenced by a receipt or similar acknowledgement issued by the bank. Unlike federal funds and Eurodollars, CDs may have floating rates. For that reason, the FR 2420 would collect additional data fields for reportable CD transactions that would be necessary to understand the interest rate structure over the life of each CD. These data items would be: Floating or Fixed Rate—Respondents would provide values to indicate if the CD has a floating rate or is a fixed rate. Reset Period—Respondents would provide a value to describe the frequency from the list below for when the rate for the reported CD can reset: • No Reset, • Weekly, • Monthly, • Quarterly, • Semi-annual, • Annual, or • Other. Reference Rate—If the CD has a floating rate, respondents would enter a value to describe the reference rate: • 0—NA, • 1—Federal Funds Effective Rate, • 2—Prime, • 3—1 Month U.S. Treasury Constant Maturity Rate, • 4—1 Month LIBOR, • 5—3 Month LIBOR, • 6—Overnight Swap Index, or • 7—Other. Negotiability—Respondents would indicate if the CD is negotiable or nonnegotiable. Reporting panel—Since federal funds are the key category for this data collection, the FR 2420 reporting panel would be comprised of commercial banks, thrifts, and branches and agencies of foreign banks. Commercial banks and thrifts with $26 billion or more in total assets on the September 30 Call Report each year would be required to submit the FR 2420 daily for the following year. This threshold would currently capture the 50 largest depository institutions which would provide sufficient coverage to have a statistically representative sample. U.S. branches and agencies of foreign banks would be required to report daily, if third-party assets are $900 million or more on the September 30 FFIEC 002. This threshold would currently capture the 105 largest U.S. branches and agencies of foreign banks. The combined reporter panel would capture 155 banking institutions and would be based on definitions that PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 would cap the panel size at the point of significantly reduced marginal benefits. Using the total federal funds purchased data on the September 30, 2012, Call Report, the combined panel of 155 banking institutions is expected to capture over 80 percent of federal funds outstanding. This would create a relatively small aggregate panel, minimizing the number of institutions that would be subject to the reporting burden, yet would be expected to capture a significant portion of the targeted transaction volume. Frequency—The FR 2420 report would be submitted daily. Data collected would be used by FRBNY daily as part of the market monitoring responsibilities. Part of that analysis would be calculating average rates across products and tenors, and following trends in the aggregate levels of transactions. In order to calculate timely effective rates, daily data are needed. Time Schedule for Information Collection—The FR 2420 is a mandatory electronic report. Respondents would be required to file the FR 2420 daily with the FRBNY by 7 a.m. ET each business day for the preceding day’s reportable transactions. There would be a short transition period, during which respondents would be permitted to file their daily data at a later hour. The transition period would provide time for reporters to upgrade their systems to meet these data demands. During the transition period, daily data during for fourth quarter of 2013 would be due no later than 10 a.m. ET the next business day. Daily data for January 2014 would be due no later than 9 a.m. ET the next business day. Data for February 2014 would be due no later 8 a.m. ET the next business day. Data for March 2014 and thereafter would be due no later than 7 a.m. ET the next business day. Board of Governors of the Federal Reserve System, June 24, 2013. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2013–15517 Filed 6–27–13; 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 E:\FR\FM\28JNN1.SGM 28JNN1 Federal Register / Vol. 78, No. 125 / Friday, June 28, 2013 / Notices 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 July 15, 2013. A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice President) 1000 Peachtree Street NE., Atlanta, Georgia 30309: 1. Lucie VanLandingham Beeley, Leesburg, Georgia, and Stevan Reynolds Tuck, Dawson, Georgia, to retain control of Georgia Community Bancorp, Inc., Dawson, Georgia, and thereby indirectly retain shares of The Citizens State Bank of Taylor County, Reynolds, Georgia. B. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, Applications and Enforcement) 101 Market Street, San Francisco, California 94105–1579: 1. Jefry Baker, Lake Oswego, Oregon, to acquire additional voting shares of Merchants Bancorp, and thereby indirectly acquire additional voting shares of MBank, both of Gresham, Oregon. Board of Governors of the Federal Reserve System, June 25, 2013. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2013–15516 Filed 6–27–13; 8:45 am] BILLING CODE 6210–01–P tkelley on DSK3SPTVN1PROD 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 19:17 Jun 27, 2013 Jkt 229001 Board of Governors of the Federal Reserve System, June 25, 2013. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2013–15515 Filed 6–27–13; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Agency for Healthcare Research and Quality Agency Information Collection Activities; Proposed Collection; Comment Request FEDERAL RESERVE SYSTEM VerDate Mar<15>2010 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 July 25, 2013. A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Citizens National Corporation, Wisner, Nebraska to acquire up to an additional .35 percent for a total of 34.55 percent of the voting shares of Republic Corporation, parent of United Republic Bank, both in Omaha, Nebraska. Agency for Healthcare Research and Quality, HHS. ACTION: Notice. AGENCY: This notice announces the intention of the Agency for Healthcare Research and Quality (AHRQ) to request that the Office of Management and Budget (OMB) approve the proposed information collection project: ‘‘Medical Expenditure Panel Survey —Insurance Component.’’ In accordance with the Paperwork Reduction Act, 44 U.S.C. 3501–3521, AHRQ invites the public to comment on this proposed information collection. DATES: Comments on this notice must be received by August 27, 2013. ADDRESSES: Written comments should be submitted to: Doris Lefkowitz, Reports Clearance Officer, AHRQ, by email at doris.lefkowitz@AHRQ.hhs.gov. Copies of the proposed collection plans, data collection instruments, and SUMMARY: PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 38979 specific details on the estimated burden can be obtained from the AHRQ Reports Clearance Officer. FOR FURTHER INFORMATION CONTACT: Doris Lefkowitz, AHRQ Reports Clearance Officer, (301) 427–1477, or by email at doris.lefkowitz@AHRQ.hhs.gov. SUPPLEMENTARY INFORMATION: Proposed Project Medical Expenditure Panel Survey— Insurance Component Employer-sponsored health insurance is the source of coverage for 78 million current and former workers, plus many of their family members, and is a cornerstone of the U.S. health care system. The Medical Expenditure Panel Survey—Insurance Component (MEPS– IC) measures the extent, cost, and coverage of employer-sponsored health insurance on an annual basis. These statistics are produced at the National, State, and sub-State (metropolitan area) level for private industry. Statistics are also produced for State and Local governments. This research has the following goals: (1) To provide data for Federal policymakers evaluating the effects of National and State health care reforms. (2) To provide descriptive data on the current employer-sponsored health insurance system and data for modeling the differential impacts of proposed health policy initiatives. (3) To supply critical State and National estimates of health insurance spending for the National Health Accounts and Gross Domestic Product. This study is being conducted by AHRQ through the Bureau of the Census, pursuant to AHRQ’s statutory authority to conduct and support research on healthcare and on systems for the delivery of such care, including activities with respect to the quality, effectiveness, efficiency, appropriateness and value of healthcare services and with respect to quality measurement and improvement. 42 U.S.C. 299a(a)(1) and (2). Method of Collection To achieve the goals of this project the following data collections for both private sector and state and local government employers will be implemented: (1) Prescreener Questionnaire—The purpose of the Prescreener Questionnaire, which is collected via telephone, varies depending on the insurance status of the establishment contacted. (Establishment is defined as a single, physical location in the private sector and a governmental unit in state and local governments.) For E:\FR\FM\28JNN1.SGM 28JNN1

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[Federal Register Volume 78, Number 125 (Friday, June 28, 2013)]
[Notices]
[Pages 38978-38979]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-15516]


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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

[[Page 38979]]

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 July 15, 2013.
    A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice 
President) 1000 Peachtree Street NE., Atlanta, Georgia 30309:
    1. Lucie VanLandingham Beeley, Leesburg, Georgia, and Stevan 
Reynolds Tuck, Dawson, Georgia, to retain control of Georgia Community 
Bancorp, Inc., Dawson, Georgia, and thereby indirectly retain shares of 
The Citizens State Bank of Taylor County, Reynolds, Georgia.
    B. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, 
Applications and Enforcement) 101 Market Street, San Francisco, 
California 94105-1579:
    1. Jefry Baker, Lake Oswego, Oregon, to acquire additional voting 
shares of Merchants Bancorp, and thereby indirectly acquire additional 
voting shares of MBank, both of Gresham, Oregon.

    Board of Governors of the Federal Reserve System, June 25, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013-15516 Filed 6-27-13; 8:45 am]
BILLING CODE 6210-01-P