Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 45535-45536 [2013-18094]

Download as PDF Federal Register / Vol. 78, No. 145 / Monday, July 29, 2013 / Notices mstockstill on DSK4VPTVN1PROD with NOTICES c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information 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. Proposal to Approve Under OMB Delegated Authority the Extension for Three Years, With Revision, of the Following Report Report title: Savings Association Holding Company Report. Agency form number: FR H–(b)11. OMB control number: 7100–0334. Frequency: Quarterly, event-driven, and annually. Reporters: Savings and loan holding companies (SLHCs). Estimated annual reporting hours: 264. Estimated average hours per response: 2.0 hours. Number of respondents: 33. General description of report: This information collection is mandatory (12 U.S.C. 1467a(b)(2)(A)). The FR H-(b)11 covers 6 different items. However, the Federal Reserve has determined that supplemental information in response to a yes answer for the Quarterly Savings and Loan Holding Company Report (FR 2320; OMB No. 7100–0345) FR 2320’s questions 24, 25, and 26 may be protected from disclosure under exemption 4 of the Freedom of Information Act (FOIA), which covers ‘‘trade secrets and commercial or financial information obtained from a person [that is] privileged or confidential’’ (5 U.S.C. 522(b)(4)). Disclosure of this type of information is likely to cause substantial competitive harm to the SLHC providing the information and thus this information is protected from disclosure under FOIA exemption 4 (5 U.S.C. 522(b)(4)). With regard to the supplemental information for other FR 2320 questions that would be provided in item 3 of the FR H–(b)11, as well as all other items of the FR H–(b)11, respondents may request confidential treatment of such information under one or more of the exemptions in the FOIA. All such requests for confidential treatment will be reviewed on a case-by-case basis and in response to a specific request for disclosure. Abstract: Currently all SLHCs must file the FR H-(b)11. However, the majority of SLHCs file other Federal Reserve regulatory reports such as the VerDate Mar<15>2010 18:00 Jul 26, 2013 Jkt 229001 Financial Statements for Holding Companies (FR Y–9C; OMB No. 7100– 0128) or the Parent Only Financial Statements for Small Holding Companies (FR Y–9SP; OMB No. 7100– 0128); therefore, the FR H-(b)11 is no longer needed from these SLHCs for supervision purposes. The Federal Reserve proposes to revise the current FR H-(b)11 respondent panel to include only exempt SLHCs.1 The FR H-(b)11 report provides consolidated financial statements that show detailed information by business unit. These consolidated statements provide information about the individual entities and the eliminating entries that tie into the consolidated statements. These types of financial statements are particularly useful for larger complex companies with multiple entities. A number of the large insurance savings and loan holding companies (ISLHCs) are private and do not file with the Securities and Exchange Commission, therefore, the level of detail that would be provided in those filings is not available (also information on company Web sites provide very limited insight). Additionally, the ‘‘Other Materially Important Events’’ section of the FR H(b)11 informs the Federal Reserve of material litigation or other contingent liabilities, key management changes, unexpected economic events, and other information that may be of material importance. This information is particularly useful in assisting with offsite reviews. In contrast, the Federal Reserve believes that the FR 2320 data provides limited detail on its own for Federal Reserve off-site surveillance and preexamination planning and its use would be augmented by the continued collection of the FR H-(b)11. Most ISLHCs only provide parent company data. These ISLHCs are generally quite large and privately held; therefore, the data collected on the FR 2320 is limited in scope and is not conducive to consolidated supervision. Additionally, as part of the Annual Report of Holding Companies (FR Y–6; OMB No. 7100– 0297), the Federal Reserve requires that top-tier holding companies with total consolidated assets of $500 million or more must have an annual audit of its consolidated financial statements by an independent public accountant. 1 An exempted SLHC includes (1) a grandfathered unitary SLHC whose assets are primarily commercial and whose thrifts make up less than 5 percent of its consolidated assets; and (2) a SLHC whose assets are primarily insurance-related and who does not otherwise submit financial reports with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. (76 FR 81933). PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 45535 However, the FR Y–6 does not require detailed quarterly financial statements which give a more timely representation of the financial condition of a company. In addition, the Federal Reserve proposes to remove the docket number from the FR H–(b)11 reporting form and all references to the docket number in the instructions. The docket number is no longer used as the SLHC identifier. The RSSD number is now the universal identifier used by all the regulatory agencies. Finally, the continued reporting of the FR H–(b)11 report by exempt SLHCs would assist the Federal Reserve in the evaluation of a diversified holding company and in determining whether an institution is in compliance with applicable laws and regulations. Board of Governors of the Federal Reserve System, July 24, 2013. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2013–18128 Filed 7–26–13; 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 13, 2013. A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice President) 1000 Peachtree Street, NE., Atlanta, Georgia 30309: 1. P. Bruce Culpepper, Tallahassee, Florida; Richard R. Dostie, Jacksonville, Florida; Charles E. Hughes, Jr., Jacksonville, Florida; J. Malcolm Jones, Jr., Jacksonville, Florida; James T. Katsur, Longwood, Florida; W. Andrew Krusen, Jr., Tampa, Florida; Allan S. Martin, Tampa, Florida; Linda C. McGurn, Micanopy, Florida; M. G. Sanchez, Gainesville, Florida; DFGM 2010, LLC, Tampa, Florida; Dominion E:\FR\FM\29JYN1.SGM 29JYN1 45536 Federal Register / Vol. 78, No. 145 / Monday, July 29, 2013 / Notices Capital Group, LLC, Tampa, Florida; Dominion Strategic Resource Partners, Tampa, Florida; Jessie T. Krusen IRA, Tampa, Florida; William Andrew Krusen, Jr. SEP IRA, Tampa, Florida; Krusen Limited Partnership, Ltd., Tampa, Florida; Tejas Partners, Ltd., Tampa, Florida; Trust UWO Isabelle Ball Baker FBO Jessie T. Thompson Krusen, Tampa, Florida; WIT Financial Group, LLC, Tampa, Florida; and WIT Ventures, Ltd., Tampa, Florida; to acquire voting shares of Florida Capital Group, Inc., and thereby indirectly acquire voting shares of Florida Capital Bank, National Association, both in Jacksonville, Florida. Board of Governors of the Federal Reserve System, July 24, 2013. Michael J. Lewandowski, Associate Secretary of the Board. A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23261–4528: 1. C&F Financial Corporation, West Point, Virginia; to acquire 100 percent of the voting shares of Central Virginia Bankshares, Inc., and thereby indirectly acquire voting shares of Central Virginia Bank, both in Powhatan, Virginia. B. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. United Community Bancorp, Inc., Chatham, Illinois; to acquire 100 percent of the voting shares of Mercantile Bank, Quincy, Illinois. Management II, LLC; Ford Management II, L.P., and Ford Fund Investment, L.P., all in Dallas, Texas; to engage de novo in financial and investment advisory activities, pursuant to section 225.28(b)(6). Board of Governors of the Federal Reserve System, July 24, 2013. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2013–18095 Filed 7–26–13; 8:45 am] BILLING CODE 6210–01–P FEDERAL TRADE COMMISSION [File No. 121 0165] Solera Holdings, Inc.; Analysis of Proposed Agreement Containing Consent Order To Aid Public Comment [FR Doc. 2013–18094 Filed 7–26–13; 8:45 am] Board of Governors of the Federal Reserve System, July 24, 2013. Michael J. Lewandowski, Associate Secretary of the Board. BILLING CODE 6210–01–P [FR Doc. 2013–18096 Filed 7–26–13; 8:45 am] ACTION: Federal Trade Commission. Proposed Consent Agreement. AGENCY: BILLING CODE 6210–01–P The consent agreement in this matter settles alleged violations of federal law prohibiting unfair or deceptive acts or practices or unfair methods of competition. The attached Analysis to Aid Public Comment describes both the allegations in the draft complaint and the terms of the consent order—embodied in the consent agreement—that would settle these allegations. SUMMARY: FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM mstockstill on DSK4VPTVN1PROD 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 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 August 23, 2013. VerDate Mar<15>2010 18:00 Jul 26, 2013 Jkt 229001 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 13, 2013. A. Federal Reserve Bank of Dallas (E. Ann Worthy, Vice President) 2200 North Pearl Street, Dallas, Texas 75201– 2272: 1. 2009 TCRT; GJF Financial Management II, LLC; Ford Ultimate PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 Comments must be received on or before August 22, 2013. ADDRESSES: Interested parties may file a comment at https:// ftcpublic.commentworks.com/ftc/ soleraholdingsconsent online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Write ASolera Holdings, File No. 121 0165’’ on your comment and file your comment online at https:// ftcpublic.commentworks.com/ftc/ soleraholdingsconsent by following the instructions on the web-based form. If you prefer to file your comment on paper, mail or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Room H–113 (Annex D), 600 Pennsylvania Avenue NW., Washington, DC 20580. FOR FURTHER INFORMATION CONTACT: Scott Reiter (202–326–2886), FTC, Bureau of Competition, 600 Pennsylvania Avenue NW., Washington, DC 20580. SUPPLEMENTARY INFORMATION: Pursuant to Section 6(f) of the Federal Trade Commission Act, 15 U.S.C. 46(f), and FTC Rule 2.34, 16 CFR 2.34, notice is hereby given that the above-captioned DATES: E:\FR\FM\29JYN1.SGM 29JYN1

Agencies

[Federal Register Volume 78, Number 145 (Monday, July 29, 2013)]
[Notices]
[Pages 45535-45536]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-18094]


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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 13, 2013.
    A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice 
President) 1000 Peachtree Street, NE., Atlanta, Georgia 30309:
    1. P. Bruce Culpepper, Tallahassee, Florida; Richard R. Dostie, 
Jacksonville, Florida; Charles E. Hughes, Jr., Jacksonville, Florida; 
J. Malcolm Jones, Jr., Jacksonville, Florida; James T. Katsur, 
Longwood, Florida; W. Andrew Krusen, Jr., Tampa, Florida; Allan S. 
Martin, Tampa, Florida; Linda C. McGurn, Micanopy, Florida; M. G. 
Sanchez, Gainesville, Florida; DFGM 2010, LLC, Tampa, Florida; Dominion

[[Page 45536]]

Capital Group, LLC, Tampa, Florida; Dominion Strategic Resource 
Partners, Tampa, Florida; Jessie T. Krusen IRA, Tampa, Florida; William 
Andrew Krusen, Jr. SEP IRA, Tampa, Florida; Krusen Limited Partnership, 
Ltd., Tampa, Florida; Tejas Partners, Ltd., Tampa, Florida; Trust UWO 
Isabelle Ball Baker FBO Jessie T. Thompson Krusen, Tampa, Florida; WIT 
Financial Group, LLC, Tampa, Florida; and WIT Ventures, Ltd., Tampa, 
Florida; to acquire voting shares of Florida Capital Group, Inc., and 
thereby indirectly acquire voting shares of Florida Capital Bank, 
National Association, both in Jacksonville, Florida.

    Board of Governors of the Federal Reserve System, July 24, 2013.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2013-18094 Filed 7-26-13; 8:45 am]
BILLING CODE 6210-01-P