Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 4908 [2014-01857]
Download as PDF
<![CDATA[
4908
Federal Register / Vol. 79, No. 20 / Thursday, January 30, 2014 / Notices
continue also to conduct the MIRS, from
which the data used to derive the ARM
Index was obtained. The Finance Board
conducted the MIRS and produced the
ARM Index from 1989 through 2008,
when Congress abolished that agency
and transferred its responsibilities to the
newly-created FHFA.2
Since 2008, FHFA has continued to
conduct the MIRS and produce the
ARM Index.3 By statute, MIRS data is
one of the factors that FHFA is required
to consider in assessing the national
average one-family house price for
purposes of periodically adjusting the
conforming mortgage loan limits of
Fannie Mae and Freddie Mac.4 In
addition, statutes in several states and
U.S. territories, including California,
Michigan, Minnesota, New Jersey,
Wisconsin, and the Virgin Islands, refer
to, or rely upon, the MIRS.5
Many lenders use FHFA’s ARM
Index, derived from MIRS data, to set
interest rates on fixed rate loans. In
addition, businesses, trade associations,
and government agencies at both the
federal and state level rely upon the
MIRS data for various business and
regulatory purposes. For example,
economic policy makers have used the
MIRS data to determine trends in the
mortgage markets, including interest
rates, down payments, terms to
maturity, terms on ARMs, and initial
fees and charges on mortgage loans.
Other federal banking agencies, such as
the Board of Governors of the Federal
Reserve System and the Council of
Economic Advisors, have used the MIRS
results for research purposes.
The OMB number for the information
collection is 2590–0004, which is due to
expire on March 31, 2014. The likely
respondents are mortgage lenders in the
United States.
mstockstill on DSK4VPTVN1PROD with NOTICES
B. Burden Estimate
FHFA estimates the total annual
number of respondents at 70 with 6
responses per respondent (because not
every respondent will have new
mortgage loans to report every month).
The estimate for the average time per
response is 20 minutes. The combined
estimate for the total annual hour
2 See Housing and Economic Recovery Act of
2008 (HERA), Public Law 110–289, Div. A, Title III,
§ 1312, 122 Stat. 2794, codified at 12 U.S.C. 4511
note.
3 The MIRS and the ARM Index are described at
12 CFR 906.5.
4 See 12 U.S.C. 4542.
5 See, e.g., Cal. Civ. Code §§ 1916.7 and 1916.8
(mortgage rates); Mich. Comp. Laws § 445.1621(d)
(mortgage index rates); Minn. Stat. § 92.06
(payments for state land sales); N.J. Rev. Stat.
31:1–1 (interest rates); Wis. Stat. § 138.056 (variable
loan rates); V.I. Code Ann. tit. 11, § 951 (legal rate
of interest).
VerDate Mar<15>2010
18:24 Jan 29, 2014
Jkt 232001
burden is 140 hours (70 respondents ×
6 responses × 0.33 hours).
C. Comment Request
FHFA requests written comments on
the following: (1) Whether the collection
of information is necessary for the
proper performance of FHFA functions,
including whether the information has
practical utility; (2) the accuracy of
FHFA’s estimates of the burdens of the
collection of information; (3) ways to
enhance the quality, utility, and clarity
of the information collected; and (4)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Dated: January 23, 2014.
Kevin Winkler,
Chief Information Officer, Federal Housing
Finance Agency.
[FR Doc. 2014–01742 Filed 1–29–14; 8:45 am]
BILLING CODE 8070–01–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 February
19, 2014.
A. Federal Reserve Bank of Richmond
(Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528:
1 B. Scott White and Blaine Scott
White, II, both of Castlewood, Virginia,
The B. Scott White Trust, the sole
trustee of which is B. Scott White, and
Tiffany C. White, Evergreen, Colorado;
Sky Investments, LLC, Castlewood,
Virginia, with its members Tiffany C.
White, Blaine S. White II, and The B.
Scott White Trust; SBTB, L.P., a
proposed qualified family partnership,
the partners of which are The B. Scott
White Trust, Tiffany C. White and
PO 00000
Frm 00045
Fmt 4703
Sfmt 4703
Blaine S. White, II; B. Scott White IRA
and; the group acting in concert to
control voting shares of New Peoples
Bankshares, Inc., Honaker, Virginia, and
thereby indirectly control New Peoples
Bank, Inc., Honaker, Virginia.
Board of Governors of the Federal Reserve
System, January 27, 2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014–01857 Filed 1–29–14; 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
Governors not later than February 26,
2014.
A. Federal Reserve Bank of Richmond
(Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528:
1. Aquesta Financial Holdings, Inc.,
Cornelius, North Carolina; to become a
bank holding company through the
acquisition of 100 percent of the voting
shares of Aquesta Bank, Cornelius,
North Carolina
E:\FR\FM\30JAN1.SGM
30JAN1
]]>Agencies
[Federal Register Volume 79, Number 20 (Thursday, January 30, 2014)]
[Notices]
[Page 4908]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-01857]
=======================================================================
-----------------------------------------------------------------------
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 February 19, 2014.
A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1 B. Scott White and Blaine Scott White, II, both of Castlewood,
Virginia, The B. Scott White Trust, the sole trustee of which is B.
Scott White, and Tiffany C. White, Evergreen, Colorado; Sky
Investments, LLC, Castlewood, Virginia, with its members Tiffany C.
White, Blaine S. White II, and The B. Scott White Trust; SBTB, L.P., a
proposed qualified family partnership, the partners of which are The B.
Scott White Trust, Tiffany C. White and Blaine S. White, II; B. Scott
White IRA and; the group acting in concert to control voting shares of
New Peoples Bankshares, Inc., Honaker, Virginia, and thereby indirectly
control New Peoples Bank, Inc., Honaker, Virginia.
Board of Governors of the Federal Reserve System, January 27,
2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014-01857 Filed 1-29-14; 8:45 am]
BILLING CODE 6210-01-P
