Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 62633-62634 [2013-24617]

Download as PDF Federal Register / Vol. 78, No. 204 / Tuesday, October 22, 2013 / Notices • Email: comments@fdic.gov Include the name of the collection in the subject line of the message. • Mail: Leneta G. Gregorie (202–898– 3719), Counsel, Room NYA–5050, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. • Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the 17th Street Building (located on F Street), on business days between 7:00 a.m. and 5:00 p.m. All comments should refer to the relevant OMB control number. A copy of the comments may also be submitted to the OMB desk officer for the FDIC: Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Leneta Gregorie, at the FDIC address above. Proposal to renew the following currently approved collections of information: Title: Guidance on Sound Incentive Compensation Practices. OMB Number: 3064–0175. Frequency of Response: Implementation—once; maintenance— annual. Affected Public: Insured state nonmember banks. Estimated Number of Respondents: 4890 (20 large banks, 4870 small banks). Estimated Time per Response: Implementation—80 hours, small banks and; 480 hours, large banks; maintenance—40 hours, all banks. Total Annual Burden: 594,800 hours (one-time implementation—399,200 hours; ongoing maintenance—195,600). General Description of Collection: The Guidance on Sound Incentive Compensation Practices helps ensure that incentive compensation policies at insured state non-member banks do not encourage excessive risk-taking and are consistent with the safety and soundness of the organization. Under the Guidance, banks are required to: (i) Have policies and procedures that identify and describe the role(s) of the personnel and units authorized to be involved in incentive compensation arrangements, identify the source of significant risk-related inputs, establish appropriate controls governing these inputs to help ensure their integrity, and identify the individual(s) and unit(s) whose approval is necessary for the establishment or modification of incentive compensation arrangements; (ii) create and maintain sufficient documentation to permit an audit of the organization’s processes for incentive sroberts on DSK5SPTVN1PROD with FRONT MATTER SUPPLEMENTARY INFORMATION: VerDate Mar<15>2010 21:08 Oct 21, 2013 Jkt 232001 compensation arrangements; (iii) have any material exceptions or adjustments to the incentive compensation arrangements established for senior executives approved and documented by its board of directors; and (iv) have its board of directors receive and review, on an annual or more frequent basis operation of the organization’s incentive compensation system in providing risk-taking incentives that are consistent with the organization’s safety and soundness. Request for Comment Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the information collection, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. Dated at Washington, DC, this 10th day of October 2013. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2013–24533 Filed 10–21–13; 8:45 am] BILLING CODE P FEDERAL DEPOSIT INSURANCE CORPORATION Designated Reserve Ratio for 2014 Federal Deposit Insurance Corporation (FDIC). ACTION: Notice of Designated Reserve Ratio for 2014. AGENCY: Pursuant to the Federal Deposit Insurance Act, the Board of Directors of the Federal Deposit Insurance Corporation designates that the Designated Reserve Ratio (DRR) for the Deposit Insurance Fund shall remain at 2 percent for 2014.1 The Board is publishing this notice as required by section 7(b)(3)(A)(i) of the Federal Deposit Insurance Act (12 U.S.C. 1817(b)(3)(A)(i)). FOR FURTHER INFORMATION CONTACT: Munsell St. Clair, Chief, Banking and 1 Section 327.4(g) of the FDIC’s regulations sets forth the DRR. There is no need to amend this provision, because the DRR for 2014 is the same as the current DRR. PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 62633 Regulatory Policy Section, Division of Insurance and Research, (202) 898– 8967; or, Christopher Bellotto, Counsel, Legal Division, (202) 898–3801. Dated at Washington, DC, this 8th day of October 2013. By order of the Board of Directors. Robert E. Feldman, Executive Secretary. [FR Doc. 2013–24531 Filed 10–21–13; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Formations of, Acquisitions by, and Mergers of Bank Holding Companies; Correction This notice corrects a notice (FR Doc. 2013–24477) published on page 62333 of the issue for Thursday, October 17, 2013. Under the Federal Reserve Bank of Minneapolis heading, the entry for Karen Neidhardt, Tampa, Florida, is revised to read as follows: A Federal Reserve Bank of Minneapolis (Jacqueline G. King, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Karen Neidhardt, Tampa, Florida, individually and as trustee, to retain voting shares and thereby control Jorgenson Holding Company, Inc., and thereby indirectly retain voting shares and control State Bank and Trust of Kenmare, both in Kenmare, North Dakota, and The Citizens State Bank at Mohall, Mohall, North Dakota. In addition, Ann Lenore Musser Irrevocable Trust, Kenmare, North Dakota, Karen Neidhardt and Jane Neidhardt Farris, co-trustees, and Jane Ellen Neidhardt Irrevocable Trust, all of Kenmare, North Dakota, Karen Neidhardt and Ann N. Musser, cotrustees, to retain voting shares of Jorgenson Holding Company and thereby join the Jorgenson family group. Comments on this application must be received by October 31. 2013. Board of Governors of the Federal Reserve System, October 17, 2013. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2013–24619 Filed 10–21–13; 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, E:\FR\FM\22OCN1.SGM 22OCN1 62634 Federal Register / Vol. 78, No. 204 / Tuesday, October 22, 2013 / Notices 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 November 15, 2013. A. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, Applications and Enforcement) 101 Market Street, San Francisco, California 94105–1579: 1. TFB Bancorp, Inc., Yuma, Arizona; to become a bank holding company by acquiring 100 percent of the voting shares of The Foothills Bank, Yuma, Arizona. Board of Governors of the Federal Reserve System, October 17, 2013. Margaret McCloskey Shanks, Deputy Secretary of the Board. the assets or the ownership of, control of, or the power to vote shares of a savings association and nonbanking companies owned by the savings and loan 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 application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 November 15, 2013. A. Federal Reserve Bank of Dallas (E. Ann Worthy, Vice President) 2200 North Pearl Street, Dallas, Texas 75201– 2272: 1. Grant Scott as Trustee of the Voting Trust Agreement dated as of December 6, 2012, Raleigh, North Carolina; to become a savings and loan holding company through controlling NexBank Capital, Inc., and thereby indirectly acquiring voting shares of NexBank, State Savings Bank, both in Dallas, Texas. Board of Governors of the Federal Reserve System, October 17, 2013. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2013–24618 Filed 10–21–13; 8:45 am] BILLING CODE 6210–01–P [FR Doc. 2013–24617 Filed 10–21–13; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES FEDERAL RESERVE SYSTEM sroberts on DSK5SPTVN1PROD with FRONT MATTER Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Home Owners’ Loan Act (12 U.S.C. 1461 et seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12 CFR part 239), and all other applicable statutes and regulations to become a savings and loan holding company and/or to acquire VerDate Mar<15>2010 21:08 Oct 21, 2013 Jkt 232001 Meeting of the National Biodefense Science Board Office of the Secretary, Department of Health and Human Services. ACTION: Notice. AGENCY: As stipulated by the Federal Advisory Committee Act, the U.S. Department of Health and Human Services (HHS) is hereby giving notice that the National Biodefense Science Board (NBSB) will be holding a public SUMMARY: PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 meeting via teleconference. The meeting is open to the public. DATES: The NBSB will hold a public meeting on October 31, 2013, tentatively, from 3:00 p.m. to 4:00 p.m. ET. The agenda is subject to change as priorities dictate. ADDRESSES: Individuals who wish to participate should send an email to NBSB@HHS.GOV with ‘‘NBSB Registration’’ in the subject line. The meeting will occur by teleconference. To attend via teleconference and for further instructions, please visit the NBSB Web site at WWW.PHE.GOV/ NBSB. FOR FURTHER INFORMATION CONTACT: The National Biodefense Science Board mailbox: NBSB@HHS.GOV. SUPPLEMENTARY INFORMATION: Pursuant to section 319M of the Public Health Service Act (42 U.S.C. 247d–7f) and section 222 of the Public Health Service Act (42 U.S.C. 217a), the Department of Health and Human Services established the National Biodefense Science Board. The NBSB shall provide expert advice and guidance to the Secretary on scientific, technical, and other matters of special interest to HHS regarding current and future chemical, biological, nuclear, and radiological agents, whether naturally occurring, accidental, or deliberate. The NBSB may also provide advice and guidance to the Secretary and/or the Assistant Secretary for Preparedness and Response (ASPR) on other matters related to public health emergency preparedness and response. Background: This public meeting via teleconference will be dedicated to the NBSB’s deliberation and vote on the findings from the NBSB’s Situational Awareness Working Group, and the NBSB’s National Health Security Working Group. Subsequent agenda topics will be added as priorities dictate. Any additional agenda topics will be available on the NBSB’s October 31, 2013, meeting Web page, available at WWW.PHE.GOV/NBSB. Availability of Materials: The meeting agenda and materials will be posted prior to the meeting on the October meeting Web page at WWW.PHE.GOV/ NBSB. Procedures for Providing Public Input: Members of the public are invited to attend by teleconference via a toll-free call-in phone number which is available on the NBSB Web site at WWW.PHE.GOV/NBSB. All members of the public are encouraged to provide written comment to the NBSB. All written comments must be received prior to October 31, 2013, and should be sent by email to NBSB@HHS.GOV with ‘‘NBSB Public Comment’’ as the subject E:\FR\FM\22OCN1.SGM 22OCN1

Agencies

FEDERAL RESERVE SYSTEM

[Federal Register Volume 78, Number 204 (Tuesday, October 22, 2013)]
[Notices]
[Pages 62633-62634]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-24617]


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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,

[[Page 62634]]

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 November 15, 2013.
    A. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, 
Applications and Enforcement) 101 Market Street, San Francisco, 
California 94105-1579:
    1. TFB Bancorp, Inc., Yuma, Arizona; to become a bank holding 
company by acquiring 100 percent of the voting shares of The Foothills 
Bank, Yuma, Arizona.

    Board of Governors of the Federal Reserve System, October 17, 
2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013-24617 Filed 10-21-13; 8:45 am]
BILLING CODE 6210-01-P

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