Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities, 42524 [2013-16979]
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Federal Register / Vol. 78, No. 136 / Tuesday, July 16, 2013 / Notices
Board of Governors of the Federal Reserve
System, July 10, 2013.
Michael J. Lewandowski,
Associate Secretary of the Board.
DEPARTMENT OF DEFENSE
[FR Doc. 2013–16921 Filed 7–15–13; 8:45 am]
BILLING CODE 6210–01–P
NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
FEDERAL RESERVE SYSTEM
[Notice-MVC–2013–02; Docket 2013–0081;
Sequence 2]
emcdonald on DSK67QTVN1PROD with NOTICES
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 August 9, 2013.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. First Merchants Corporation,
Muncie, Indiana, to merge with CFS
Bancorp, Inc., Munster, Indiana, and
thereby indirectly acquire control of
Citizens Financial Bank, Munster,
Indiana, a federal savings bank,
pursuant to sections 225.28(b)(4) of
Regulation Y.
Board of Governors of the Federal Reserve
System, July 11, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013–16979 Filed 7–15–13; 8:45 am]
BILLING CODE 6210–01–P
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GENERAL SERVICES
ADMINISTRATION
Leasing versus Renting
Department of Defense (DoD),
General Services Administration (GSA),
and National Aeronautics and Space
Administration (NASA).
ACTION: Request for information.
AGENCIES:
The Civilian Agency
Acquisition Council and the Defense
Acquisition Regulations Council
(Councils) are seeking information that
will assist in determining if there is a
distinction between leasing and renting
that is useful for the purposes stated in
the Federal Acquisition Regulation
(FAR). This Request for Information
(RFI) does not address real property or
its leasing.
DATES: Interested parties should submit
written comments to the Regulatory
Secretariat at the address shown below
on or before September 16, 2013.
ADDRESSES: Submit comments by any of
the following methods:
• Regulations.gov: https://
www.regulations.gov.
Submit comments via the Federal
eRulemaking portal by searching for
‘‘Notice-MVC–2013–02’’. Select the link
‘‘Summit a Comment’’ that corresponds
with ‘‘Notice-MVC–2013–02’’. Follow
the instructions provided at the ‘‘Submit
a Comment’’ screen. Please include your
name, company name (if any), and
‘‘Notice-MVC–2013–02; Leasing versus
Renting’’ on your attached document.
• Fax: 202–501–4067.
• Mail: General Services
Administration, Regulatory Secretariat
Division (MVCB), ATTN: Hada Flowers,
1800 F Street NW., 2nd Floor,
Washington, DC 20405.
Instructions: Please submit comments
only in all correspondence related to
this request. All comments received will
be posted without change to https://
www.regulations.gov, including any
personal and/or business confidential
information provided.
FOR FURTHER INFORMATION CONTACT: Mr.
Michael O. Jackson, Procurement
Analyst, at 202–208–4949 for
clarification of content. The Regulatory
Secretariat at 202–501–4755 for
information pertaining to status or
publication schedules.
SUPPLEMENTARY INFORMATION: The
Councils are seeking public input on
SUMMARY:
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whether there is a distinction between
renting and leasing that would be useful
in performing the analysis required at
FAR subpart 7.4 to determine the most
cost effective approach, all factors
considered. This RFI does not address
real property or its leasing. ‘‘Real
property’’ is defined in the Federal
Management Regulation (FMR) at 41
CFR 102–71.20, and generally describes
buildings and land.
Some have suggested that there is no
legal distinction between leasing and
renting per the Uniform Commercial
Code and that any distinctions in
practice are irrelevant to FAR subpart
7.4, which is seeking the most cost
effective method. Others have suggested
there are distinctions in the terms and
conditions that would be useful to
recognize. We note that the FMR at 41
CFR Part 102–34 ‘‘Motor Vehicle
Management’’ provides brief definitions
of commercial vehicle rentals and leases
at 41 CFR 102–34.35, with the only
difference being that a rental is for less
than 120 continuous days while a lease
is 120 continuous days or more. We also
note that at FAR subpart 8.11, Leasing
of Motor Vehicles, the definition of
‘‘leasing’’ of motor vehicles uses ‘‘hire’’
and ‘‘rent’’ as synonyms for leasing.
The Councils are also seeking any
additional information to improve the
guidance at FAR subpart 7.4. The
Government Accountability Office
(GAO) issued a report dated February 7,
2012, entitled ‘‘Air Force and Interior
Can Benefit from Additional Guidance
When Deciding Whether to Lease or
Purchase Equipment’’ (GAO–12–281R).
The GAO report noted that during fiscal
years 2006 through 2010, Federal
agencies spent more than $200 billion
annually, on average, to purchase or
lease equipment, with purchases
accounting for 99 percent of this
spending. GAO stated that this suggests
that agencies may overlook the potential
for savings by almost always purchasing
when equipment is needed on a
temporary basis. The GAO report
focused on the lease versus purchase
analysis, which they generally found
inadequate in their selected sampling.
While the only GAO recommendation
for the FAR was that subpart 7.4 be
revised to update the GSA contact
information, some contracting officers
suggested to GAO that they were
uncertain about how and when to
perform the analysis required in FAR
subpart 7.4. The FAR Council welcomes
all suggestions for revisions to FAR
subpart 7.4 and, in particular, seeks
input on the following questions:
• Is there a distinction between rental
agreements and leases (not related to
real property)?
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[Federal Register Volume 78, Number 136 (Tuesday, July 16, 2013)]
[Notices]
[Page 42524]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-16979]
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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
Sec. 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 August 9, 2013.
A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. First Merchants Corporation, Muncie, Indiana, to merge with CFS
Bancorp, Inc., Munster, Indiana, and thereby indirectly acquire control
of Citizens Financial Bank, Munster, Indiana, a federal savings bank,
pursuant to sections 225.28(b)(4) of Regulation Y.
Board of Governors of the Federal Reserve System, July 11, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013-16979 Filed 7-15-13; 8:45 am]
BILLING CODE 6210-01-P
