Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 56582 [2014-22463]
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56582
Federal Register / Vol. 79, No. 183 / Monday, September 22, 2014 / Notices
Frequency: Event-generated.
Reporters: State member banks and
uninsured state branches and agencies
of foreign banks.
Annual reporting hours: 195,846
hours.
Estimated average hours per response:
Banks: Specific availability policy
disclosure and initial disclosures, 1
minute; notice in specific policy
disclosure, 3 minutes; notice of
exceptions, 3 minutes; locations where
employees accept consumer deposits, 15
minutes; annual notice of new
automated teller machines (ATMs), 5
hours; ATM changes in policy, 20
hours; notice of nonpayment, 1 minute;
expedited recredit for consumers, 15
minutes; expedited recredit for banks,
15 minutes; consumer awareness, 1
minute. Consumers: Expedited recredit
claim notice, 15 minutes.
Number of respondents: 1,025.
General description of report: This
information collection is mandatory.
Reg CC is authorized pursuant the
EFAA, as amended, and the Check 21
Act (12 U.S.C. 4008 and 12 U.S.C. 5014,
respectively). Because the Federal
Reserve does not collect any
information, no issue of confidentiality
arises. However, if, during a compliance
examination of a financial institution, a
violation or possible violation of the
EFAA or the Check 21 Act is noted then
information regarding such violation
may be kept confidential pursuant to
Section (b)(8) of the Freedom of
Information Act. 5 U.S.C. 552(b)(8).
Abstract: Regulation CC requires
banks to make funds deposited in
transaction accounts available within
specified time periods, disclose their
availability policies to customers, and
begin accruing interest on such deposits
promptly. The disclosures are intended
to alert customers that their ability to
use deposited funds may be delayed,
prevent unintentional (and potentially
costly) overdrafts, and allow customers
to compare the policies of different
banks before deciding at which bank to
deposit funds. The regulation also
requires notice to the depositary bank
and to a customer of nonpayment of a
check. Model disclosure forms, clauses,
and notices are appended to the
regulation to ease compliance.
Current Actions: On February 4, 2014,
the Federal Reserve published a notice
of proposed rulemaking (NPRM) in the
Federal Register for public comment (79
FR 6674).1 The NPRM contained a
number of substantive amendments to
Regulation CC (Availability of Funds
1 Docket
No. R–1409.
VerDate Sep<11>2014
17:07 Sep 19, 2014
Jkt 232001
and Collection of Checks).2 In the
NPRM, the Federal Reserve also
proposed to extend for three years,
without revision, the current
information collection in connection
with Regulation CC. The comment
period expired on May 2, 2014. The
Federal Reserve did not receive any
comments on information collection
aspect of the NPRM and therefore will
proceed with extending the current
information collection for three years,
without revision, as proposed.
Board of Governors of the Federal Reserve
System, September 17, 2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014–22487 Filed 9–19–14; 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 October
7, 2014.
A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Kathryn J. Kelly, Severy, Kansas, as
co-trustee of the E. Eugene Kelly Special
Trust; to retain voting shares of Elk
County Bankshares, Inc., and thereby
2 The Federal Reserve requested comment on
expanding the provisions of Regulation CC that
currently apply only to paper checks to electronic
checks and electronic returned checks that banks
exchange by agreement. The Federal Reserve also
requested comment on alternative approaches to
modifying the current expeditious-return and notice
of nonpayment requirements to encourage the few
remaining banks demanding paper returns to accept
electronic returns. In addition, the Federal Reserve
requested comment on a new indemnity for
electronic items cleared through the check
collection system that did not originate as paper
checks. The Federal Reserve received 40 comment
letters on the proposed revisions, currently under
review, to be addressed in a separate notice.
PO 00000
Frm 00028
Fmt 4703
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indirectly retain voting shares of
Howard State Bank, both in Howard,
Kansas.
Board of Governors of the Federal Reserve
System, September 17, 2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014–22463 Filed 9–19–14; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
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
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 October 17,
2014.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. Ben Franklin Financial, Inc.; to
become a savings and loan holding
company by acquiring 100 percent of
the voting shares of Ben Franklin Bank
of Illinois, both of Arlington Heights,
Illinois. Ben Franklin Financial, MHC,
Arlington Heights, Illinois, proposes to
convert to stock form and merge with
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[Federal Register Volume 79, Number 183 (Monday, September 22, 2014)]
[Notices]
[Page 56582]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-22463]
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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 October 7, 2014.
A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
1. Kathryn J. Kelly, Severy, Kansas, as co-trustee of the E. Eugene
Kelly Special Trust; to retain voting shares of Elk County Bankshares,
Inc., and thereby indirectly retain voting shares of Howard State Bank,
both in Howard, Kansas.
Board of Governors of the Federal Reserve System, September 17,
2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014-22463 Filed 9-19-14; 8:45 am]
BILLING CODE 6210-01-P
