Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 44953 [2013-17901]

Download as PDF ehiers on DSK2VPTVN1PROD with NOTICES Federal Register / Vol. 78, No. 143 / Thursday, July 25, 2013 / Notices that encompasses the dates of borrowing. Current Action: On May 16, 2013, the Federal Reserve published a notice in the Federal Register (78 FR 28846) seeking public comment for 60 days on the extension, with minor revision, of the FR 2046. The comment period for this notice expired on July 15, 2013. The Federal Reserve did not receive any comments. The revision will be implemented as proposed. Final approval under OMB delegated authority of the implementation of the following report: Report title: Payments Research Survey. Agency form number: FR 3067. OMB control number: 7100-new. Frequency: On occasion. Reporters: Depository institutions; financial and nonfinancial businesses and related entities; individual consumers; or households. Estimated annual reporting hours: 60,000 hours. Estimated average hours per response: 3 hours. Number of respondents: 5,000. General description of report: The Federal Reserve has determined that this survey is generally authorized by sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of the FRA requires that the Federal Reserve maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of the maximum employment, stable prices, and moderate long-term interest rates. See 12 U.S.C. 225a. In addition, under section 12A of the FRA, the Federal Reserve is required to implement regulations relating to the open market operations conducted by Federal Reserve Banks with a view to accommodating commerce and business and with regard to the regulations’ bearing upon the general credit situation of the country. See 12 U.S.C. 263. The authority of the Federal Reserve to collect economic data to carry out the requirements of these provisions is implicit. Accordingly, the Federal Reserve is authorized to use the FR 3067 by sections 2A and 12A of the FRA. Additionally, depending on the survey respondent, the information collection may be authorized under a more specific statute. These statutes are: • Expedited Funds Availability Act § 609 (12 U.S.C. 4008) • Electronic Fund Transfer Act § 920 (15 U.S.C. 1693o–2) • The Check Clearing for the 21st Century Act § 15 (12 U.S.C. 5014) • Federal Reserve Act § 11 (Examinations and reports, Supervision VerDate Mar<15>2010 13:49 Jul 24, 2013 Jkt 229001 over Reserve Banks, and Federal Reserve Note provisions, 12 U.S.C. 248); § 11A (Pricing of Services, 12 U.S.C. 248a); § 13 (FRB deposits and collections, 12 U.S.C. 342); and § 16 (Issuance of Federal Reserve notes, par clearance, and FRB clearinghouse, 12 U.S.C. 248–1, 360, and 411). Under the appropriate authority, the Federal Reserve may make submission of survey information mandatory for entities such as financial institutions or payment card networks; submissions would otherwise be voluntary. The ability of the Federal Reserve to maintain the confidentiality of information provided by respondents to the FR 3067 surveys will be determined on a case-by-case basis depending on the type of information provided for a particular survey. For instance, in some circumstance, no issue of confidentiality will arise as the surveys may be conducted by private firms under contract with the Federal Reserve and names or other directly identifying information would not be provided to the Federal Reserve. In circumstances where identifying information is provided to the Federal Reserve, such information could possibly be protected under the Freedom of Information Act (FOIA), exemptions 4 and 6. Exemption 4 protects information from disclosure of trade secrets and commercial or financial information, while exemption 6 protects information ‘‘the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.’’ See 5 U.S.C. 552(b)(4) and (6). If the survey is mandatory and is undertaken as part of the supervisory process, information could be protected under FOIA exemption 8, which protects information relating to the examination reports. See 5 U.S.C. 552(b)(8). Abstract: The bank operations and payment systems functions of the Federal Reserve have occasional need to gather data on an ad-hoc basis from the public on their payment habits, economic condition, and financial relationships, as well as their attitudes, perceptions, and expectations. These data may be particularly needed in times of critical economic or regulatory change or when issues of immediate concern arise from Federal Reserve System committee initiatives and working groups or requests from the Congress. The Federal Reserve would use this event-driven survey to obtain information specifically tailored to the Federal Reserve’s supervisory, regulatory, fiscal, and operational responsibilities. The Federal Reserve may conduct various versions of the survey during the year and, as needed, PO 00000 Frm 00032 Fmt 4703 Sfmt 9990 44953 survey respondents up to four times per year. The frequency and content of the questions will depend on changing economic, regulatory, supervisory, or legislative developments. Current Action: On May 16, 2013, the Federal Reserve published a notice in the Federal Register (78 FR 28846) seeking public comment for 60 days on the implementation of the FR 3067. The comment period for this notice expired on July 15, 2013. The Federal Reserve did not receive any comments. The survey will be implemented as proposed. Board of Governors of the Federal Reserve System, July 22, 2013. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2013–17873 Filed 7–24–13; 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 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 August 9, 2013. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Tad Wilson, and Arthur S. Parrish, both of Spencer, Indiana; together as a group acting in concert, to acquire voting shares of Home Financial Bancorp, and thereby indirectly acquire voting shares of Our Community Bank, both in Spencer, Indiana. Board of Governors of the Federal Reserve System, July 22, 2013. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2013–17901 Filed 7–24–13; 8:45 am] BILLING CODE 6210–01–P E:\FR\FM\25JYN1.SGM 25JYN1

Agencies

[Federal Register Volume 78, Number 143 (Thursday, July 25, 2013)]
[Notices]
[Page 44953]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-17901]


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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 
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 August 9, 2013.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Tad Wilson, and Arthur S. Parrish, both of Spencer, Indiana; 
together as a group acting in concert, to acquire voting shares of Home 
Financial Bancorp, and thereby indirectly acquire voting shares of Our 
Community Bank, both in Spencer, Indiana.

    Board of Governors of the Federal Reserve System, July 22, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013-17901 Filed 7-24-13; 8:45 am]
BILLING CODE 6210-01-P