Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 63628 [2014-25264]

Download as PDF asabaliauskas on DSK5VPTVN1PROD with NOTICES 63628 Federal Register / Vol. 79, No. 206 / Friday, October 24, 2014 / Notices 16 line item.8 Lastly, the commenter indicated that the required public disclosure of the regulatory capital ratios over the planning horizon under different capital rules will cause confusion among bank shareholders and the general public.9 The Federal Reserve believes that the proposed additional items to the FR Y– 16 would not place an undue burden on $10–50 billion institutions as they have already been given additional time to incorporate the revised capital framework into their company-run stress tests. The interim final stress test rule on September 30, 2013 specifically provided $10–50 billion banking organizations with a one-year transition period to incorporate the revised capital framework into their company-run stress tests. The one-year transition period decreased the operational complexity and risk of error for these companies for the initial 2014 stress test cycle by allowing them to focus on implementing stress testing processes without reflecting the revised capital rules over the planning horizon. The one-year transition also allowed companies additional time to evaluate the revised capital framework’s effect on their regulatory capital items reported in the Call Report and FR Y–9C. Further, the Call Report and FR Y–9C regulatory capital schedules were revised effective March 2014 to reflect the revised capital framework for regulatory capital items for advanced approaches institutions; all other institutions, including $10–50 billion institutions, are required to report the same revised regulatory capital schedule for March 31, 2015. In addition, the FR Y–16 reporting form and instructions has been updated to reference the applicable Call Report and FR Y–9C report items that should be reported over the planning horizon, including the new items that were created to capture the revised capital framework. The Federal Reserve will adjust the FR Y–16 schedules to be consistent with the final FR Y–9C and Call Report risk-weighted asset schedule changes once they are published. These adjustments are necessary to align the subcomponents of standardized riskweighted assets with total standardized risk-weighted assets and will likely alleviate confusion about calculating projected total risk-weighted assets over the planning horizon. Lastly, the public disclosure by companies of the stress 8 See 79 FR 35634 (June 23, 2014) and 79 FR 45808 (August 6, 2014). 9 Per the Board’s final stress test rule, $10–50 billion companies are required to publicly disclose the beginning value, ending value, and minimum value of each regulatory capital ratio over the planning horizon. VerDate Sep<11>2014 20:00 Oct 23, 2014 Jkt 235001 test results using the new capital rules applicable in the projected quarters of the planning horizon is required by the Board’s final stress test rule and the Federal Reserve believes that this public disclosure will be informative to the public. In summary, the Federal Reserve will implement the FR Y–16 data items for the March 2015 report to reflect the revised capital framework as proposed. Specifically, the Federal Reserve will add the common equity tier 1 capital data item to the Balance Sheet Schedule for each scenario and a common equity tier 1 risk-based capital ratio data item to the Summary Schedule and the Balance Sheet Schedule for each scenario. The Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation plan to make similar changes to their $10–50 billion company Dodd-Frank Act stress test reporting forms (OCC DFAST 10–50 report: OMB No. 1557–0311 and FDIC DFAST 10–50 report OMB No. 3064– 0189) to reflect the revised capital framework for the March 2015 report. B. Technical Changes/Other Items In response to a few technical, nonsubstantive comments received, some additional minor changes will be made in the final reporting form and instructions. These changes include clarified reporting instructions for the disallowed deferred tax asset and unrealized gains (losses) on availablefor-sale (AFS) securities line items and updated descriptions of the total capital and total risk-based capital line items. Board of Governors of the Federal Reserve System, October 20, 2014. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2014–25289 Filed 10–23–14; 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. PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 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 November 7, 2014. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. The 2011 Colis Delta Trust, Oakbrook, Illinois, and George P. Colis; John N. Colis; Valerie Colis-Livaditus; and Leslie Colis-Ward, as trustees, to retain voting shares of Oxford Financial Corporation, and thereby indirectly retain voting shares of Oxford Bank and Trust, both in Oak Brook, Illinois. Board of Governors of the Federal Reserve System, October 20, 2014. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2014–25264 Filed 10–23–14; 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 November 10, 2014. A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23261–4528: 1. Kenneth R. Lehman, Arlington, Virginia; to acquire voting shares of Village Bank & Trust Financial Corp., and thereby indirectly acquire voting shares of Village Bank, both in Midlothian, Virginia. B. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice President) 1000 Peachtree Street NE., Atlanta, Georgia 30309: 1. Stock Holdings of Delaware, LLC, Fort Walton Beach, Florida, acting individually, and in concert with a E:\FR\FM\24OCN1.SGM 24OCN1

Agencies

[Federal Register Volume 79, Number 206 (Friday, October 24, 2014)]
[Notices]
[Page 63628]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-25264]


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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 November 7, 2014.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. The 2011 Colis Delta Trust, Oakbrook, Illinois, and George P. 
Colis; John N. Colis; Valerie Colis-Livaditus; and Leslie Colis-Ward, 
as trustees, to retain voting shares of Oxford Financial Corporation, 
and thereby indirectly retain voting shares of Oxford Bank and Trust, 
both in Oak Brook, Illinois.

    Board of Governors of the Federal Reserve System, October 20, 
2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014-25264 Filed 10-23-14; 8:45 am]
BILLING CODE 6210-01-P