Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 21929 [2014-08886]
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Federal Register / Vol. 79, No. 75 / Friday, April 18, 2014 / Notices
reasonably related to the Federal
Reserve’s supervisory authority with
respect to the safety and soundness of
state member banks.
Accordingly, the Federal Reserve is
authorized by implication under 12
U.S.C. 325 to impose these
recordkeeping, disclosure, and policy
establishment requirements. The
obligation of a state member bank to
comply with the Regulation H
requirements is mandatory, save for the
limited exceptions set forth in 12 CFR
208.34(a).
Inasmuch as the Federal Reserve
System does not collect or receive any
information concerning securities
transactions pursuant to these
requirements, no issues of
confidentiality normally will arise. If,
however, these records were to come
into the possession of the Federal
Reserve, they may be protected from
disclosure pursuant to exemption 4 of
the Freedom of Information Act
(‘‘FOIA’’), 5 U.S.C. 552(b)(4), under the
standards set forth in National Parks &
Conservation Ass’n v. Morton, 498 F.2d
765 (D.C. Cir. 1974), to the extent an
institution can establish the potential
for substantial competitive harm. They
also may be subject to withholding
under FOIA exemption 6, 5 U.S.C.
552(b)(6), should disclosure constitute
an unwarranted invasion of personal
privacy. Additionally, if such
information were included in the work
papers of System examiners or
abstracted in System reports of
examination, the information also
would be protected under exemption 8
of FOIA, 5 U.S.C. 552(b)(8). Any
withholding determination would be
made on a case-by-case basis in
response to a specific request for
disclosure of the information.
Abstract: The Federal Reserve’s
Regulation H requires state member
banks to maintain records for three
years following a securities transaction.
These requirements are necessary to
protect the customer, to avoid or settle
customer disputes, and to protect the
institution against potential liability
arising under the anti-fraud and insider
trading provisions of the Securities
Exchange Act of 1934.
6. Report title: HMDA Loan/
Application Register.
Agency form number: FR HMDA–
LAR.
OMB control number: 7100–0247.
Frequency: Annually.
Reporters: State member banks,
subsidiaries of state member banks,
subsidiaries of bank holding companies,
U.S. branches and agencies of foreign
banks (other than federal branches,
federal agencies, and insured state
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branches of foreign banks), commercial
lending companies owned or controlled
by foreign banks, and organizations
operating under section 25 or 25A of the
Federal Reserve Act.4
Estimated annual reporting hours:
127,652 hours.
Estimated average time per response:
State member banks: 242 hours;
mortgage subsidiaries: 192 hours.
Number of respondents: State member
banks: 514; mortgage subsidiaries: 17.
General description of report: Section
304(j) of the Home Mortgage Disclosure
Act (HMDA), which requires the
Consumer Financial Protection Bureau
(CFPB) to prescribe by regulation the
form of a LAR that must be maintained
by lending institutions, is mandatory for
covered institutions. Regulation C
implements this statutory provision and
requires that reports be sent to the
appropriate federal banking agency.
HMDA requires that the LAR be made
available to the public in the form
prescribed by the CFPB. The CFPB is
authorized to require certain deletions
from the LAR information to protect the
privacy of applicants and to protect
depository institutions from liability
under Federal or state privacy law. The
deleted information is exempt from
disclosure under that provision of
HMDA and pursuant to Exemption 6 of
the Freedom of Information Act (5
U.S.C. 552(b)(6)).
Abstract: HMDA was enacted in 1975
and is implemented by Regulation C.
HMDA requires depository and certain
for-profit, non-depository institutions to
collect, report to regulators, and disclose
to the public data about originations and
purchases of home mortgage loans
(home purchase and refinancing) and
home improvement loans, as well as
loan applications that do not result in
originations (for example, applications
that are denied or withdrawn). HMDA
was enacted to provide the public with
loan data that can be used to: (1) Help
determine whether financial institutions
are serving the housing needs of their
communities, (2) assist public officials
in distributing public-sector
investments so as to attract private
investment to areas where it is needed,
and (3) assist in identifying possible
discriminatory lending patterns and
enforcing anti-discrimination statutes.5
4 The CFPB supervises, among other institutions,
insured depository institutions with over $10
billion in assets and their affiliates (including
affiliates that are themselves depository institutions
regardless of asset size and subsidiaries of such
affiliates).
5 12 CFR 1003.1(b).
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21929
Board of Governors of the Federal Reserve
System, April 14, 2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014–08840 Filed 4–17–14; 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 May 5,
2014.
A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Lawrence Travis Hicks, Lawrence,
Kansas; to acquire voting shares of Astra
Financial Corporation, Prairie Village,
Kansas, and thereby indirectly acquire
voting shares of TriCentury Bank,
Simpson, Kansas.
Board of Governors of the Federal Reserve
System, April 15, 2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014–08886 Filed 4–17–14; 8:45 am]
BILLING CODE 6210–01–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.
2014–08456) published on page 21246
of the issue for Tuesday, April 15, 2014.
Under the Federal Reserve Bank of
Kansas City heading, the entry for The
TFLH Financial Services Trust, with
Frank Harrel, LaTricia Harrel, Kalee
Harrel, all of Leedey, Oklahoma, and
Brent Harrel, Elk City, Oklahoma, as
trustees, to become part of the Harrel
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]]>Agencies
[Federal Register Volume 79, Number 75 (Friday, April 18, 2014)]
[Notices]
[Page 21929]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-08886]
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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 May 5, 2014.
A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
1. Lawrence Travis Hicks, Lawrence, Kansas; to acquire voting
shares of Astra Financial Corporation, Prairie Village, Kansas, and
thereby indirectly acquire voting shares of TriCentury Bank, Simpson,
Kansas.
Board of Governors of the Federal Reserve System, April 15,
2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014-08886 Filed 4-17-14; 8:45 am]
BILLING CODE 6210-01-P
