Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 50056 [2013-19935]
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50056
Federal Register / Vol. 78, No. 159 / Friday, August 16, 2013 / Notices
U.S.C. 3106(a); and sections 225.83 and
225.93 of Regulation Y, 12 CFR 225.83
and 225.93; and section 238.66(b) of
Regulation LL.
The FR 4017 is required to obtain a
benefit and is authorized under Section
9 of the Federal Reserve Act, 12 U.S.C.
335; and section 208.76 of Regulation H,
12 CFR 208.76.
The FR 4019 is required to obtain a
benefit and is authorized under Section
4(k)(7) of the BHC Act, 12 U.S.C.
1843(k)(7); and sections 225.171(e)(3),
225.172(b)(4), and 225.173(c)(2) of
Regulation Y, 12 CFR 225.171(e)(3),
225.172(b)(4), and 225.173(c)(2).
The FR 4023 is mandatory and is
authorized under Section 4(k)(7) of the
BHC Act, 12 U.S.C. 1843(k)(7); and
sections 225.171(e)(4) and 225.175 of
Regulation Y, 12 CFR 225.171(e)(4) and
225.175.
For the FR 4010, FR 4011, FR 4017,
FR 4019, and information related to a
failure to meet capital requirements on
the FR 4012, a company may request
confidential treatment of the
information contained in these
information collections pursuant to
section (b)(4) and (b)(6) of the Freedom
of Information Act (FOIA) (5 U.S.C. 552
(b)(4) and (b)(6)). Information related to
a failure to meet management
requirements on the FR 4012 is
confidential and exempt from disclosure
under section (b)(4), because the release
of this information would cause
substantial harm to the competitive
position of the entity, and (b)(8) if the
information is related to examination,
operating, or condition reports prepared
by, on behalf of, or for the use of an
agency responsible for the regulation or
supervision of financial institutions.
Since the Federal Reserve does not
collect the FR 4023, no issue of
confidentiality under the FOIA arises.
FOIA will only be implicated if the
Board’s examiners retained a copy of the
records in their examination or
supervision of the institution, and
would likely be exempt from disclosure
pursuant to FOIA (5 U.S.C. 552(b)(4),
(b)(6), and (b)(8)).
Abstract: Each BHC or FBO seeking
FHC status must file the FR 4010
declaration, which includes information
needed to verify eligibility for FHC
status. By filing the FR 4011, a requestor
may ask the Board to determine that an
activity is financial in nature, to issue
an advisory opinion that an activity is
within the scope of an activity
previously determined to be financial in
nature, or to approve engagement in an
activity complementary to a financial
activity. Any FHC ceasing to meet
capital or managerial prerequisites for
FHC status must notify the Board of the
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19:06 Aug 15, 2013
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deficiency by filing the FR 4012 and
often must submit plans to the Board to
cure the deficiency. Any SMB seeking to
establish a financial subsidiary must
seek the Board’s prior approval by
submitting the FR 4017. Any FHC
seeking to extend the 10-year holding
period for a merchant banking
investment must submit the FR 4019 to
apply for the Board’s prior approval,
and a FHC also must notify the Board
if it routinely manages or operates a
portfolio company for more than nine
months. All FHCs engaging in merchant
banking activities must keep records of
those activities, and make them
available to examiners as specified in
the FR 4023 requirements.
There are no formal reporting forms
for these collections of information,
which are event generated, though in
each case the type of information
required to be filed is described in the
Board’s regulations. These collections of
information are required pursuant to
amendments made by the GLB Act to
the BHC Act or the Federal Reserve Act,
or Board regulations issued to carry out
the GLB Act.
Current Actions: On May 30, 2013, the
Federal Reserve published a notice in
the Federal Register (78 FR 32387)
requesting public comment for 60 days
on the extension for three years, with
revision, of the FR 4012. The comment
period for this notice expired on July 29,
2013. The Federal Reserve did not
receive any comments. The revision will
be implemented as proposed.
Board of Governors of the Federal Reserve
System, August 13, 2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013–19920 Filed 8–15–13; 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
PO 00000
Frm 00035
Fmt 4703
Sfmt 4703
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than
September 3, 2013.
A. Federal Reserve Bank of
Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90
Hennepin Avenue, Minneapolis,
Minnesota 55480–0291:
1. Jay Charles Erie, Rochester,
Minnesota, John Kenneth Erie, Fargo,
North Dakota, and Jane Kathryn Erie
Moen, Eden Prairie, Minnesota, as
members of the Erie Family Shareholder
Group; to retain voting shares of MEDR
Bancshares, Inc., and thereby indirectly
retain voting shares of American State
Bank of Erskine, both in Erskine,
Minnesota.
Board of Governors of the Federal Reserve
System, August 13, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013–19935 Filed 8–15–13; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
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
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[Federal Register Volume 78, Number 159 (Friday, August 16, 2013)]
[Notices]
[Page 50056]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-19935]
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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 September 3, 2013.
A. Federal Reserve Bank of Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota
55480-0291:
1. Jay Charles Erie, Rochester, Minnesota, John Kenneth Erie,
Fargo, North Dakota, and Jane Kathryn Erie Moen, Eden Prairie,
Minnesota, as members of the Erie Family Shareholder Group; to retain
voting shares of MEDR Bancshares, Inc., and thereby indirectly retain
voting shares of American State Bank of Erskine, both in Erskine,
Minnesota.
Board of Governors of the Federal Reserve System, August 13,
2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013-19935 Filed 8-15-13; 8:45 am]
BILLING CODE 6210-01-P
