Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 7594-7595 [2015-02799]

Download as PDF tkelley on DSK3SPTVN1PROD with NOTICES 7594 Federal Register / Vol. 80, No. 28 / Wednesday, February 11, 2015 / Notices of Terms of Business Lending; the FR 2028B, Survey of Terms of Bank Lending to Farmers; and the FR 2028S, Prime Rate Supplement to the Survey of Terms of Lending. The FR 2028A and FR 2028B collect detailed data on individual loans made during the survey week, and the FR 2028S collects the prime interest rate for each day of the survey from both FR 2028A and FR 2028B respondents. From these sample STL data, estimates of the terms of business loans and farm loans extended during the reporting week are constructed. The aggregate estimates for business loans are published in the quarterly E.2 release, Survey of Terms of Business Lending, and aggregate estimates for farm loans are published in the E.15 release, Agricultural Finance Databook. Current Actions: While there are no proposed changes to the current FR 2028A, FR 2028B, and FR 2028S reporting forms, the Federal Reserve requests comment on whether banks perceive an alternative way to collect these data that would be more informative or less burdensome. 4. Report title: Bank Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates. Agency form number: FR Y–8. OMB control number: 7100–0126. Frequency: Quarterly. Reporters: Top-tier bank holding companies (BHCs), including financial holding companies (FHCs) and savings and loan holding companies (SLHCs), for all insured depository institutions that are owned by the BHC and by foreign banking organizations (FBOs) that directly own a U.S. subsidiary bank. Estimated annual reporting hours: Institutions with covered transactions, 30,326 hours; Institutions without covered transactions, 17,096 hours. Estimated average hours per response: Institutions with covered transactions, 7.8 hours; Institutions without covered transactions, 1 hour. Number of respondents: Institutions with covered transactions, 972; Institutions without covered transactions, 4,274. General description of report: This information collection is mandatory pursuant to section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)); section 225.5(b) of Regulation Y (12 CFR 225.5(b)); and Section 10(b)(2) of the Home Owners’ Loan Act (12 U.S.C. 1467a(b)(2)), as amended by section 369 of the Dodd-Frank Act. The data are confidential pursuant to the Freedom of Information Act (5 U.S.C. § 552(b)(4)). Section (b)(4) exempts VerDate Sep<11>2014 17:07 Feb 10, 2015 Jkt 235001 information deemed competitively sensitive from disclosure. Abstract: The FR Y–8 collects information on transactions between an insured depository institution and its affiliates that are subject to section 23A of the Federal Reserve Act. The primary purpose of the data is to enhance the Federal Reserve’s ability to monitor insured depository institutions’ exposures to affiliates and to ensure insured depository institutions’ compliance with section 23A of the Federal Reserve Act. Section 23A of the Federal Reserve Act is one of the most important statutes on limiting exposures to individual institutions and protecting against the expansion of the federal safety net. Board of Governors of the Federal Reserve System, February 6, 2015. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2015–02791 Filed 2–10–15; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Savings and Loan Holding Company The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and the Board’s Regulation LL (12 CFR part 238) to acquire shares of a savings and loan 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 26, 2015. A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice President) 1000 Peachtree Street NE., Atlanta, Georgia 30309: 1. James L. Clayton, Knoxville, Tennessee, acting individually, and in concert with a control group, which consists of Flynt Griffin, Coral Gables, Florida; and BF3 LP, Knoxville, Tennessee; and with Karen Davis, Scottsdale, Arizona; Kevin Clayton, Knoxville, Tennessee; Amy M. Stevens, John’s Island, South Carolina; James Clayton, Jr., Knoxville, Tennessee; BF3 Management, LLC, Knoxville, Tennessee; and the Clayton Family PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 Trust and its trustee, Mark Freeman, both of Knoxville, Tennessee, as controlling partners of BF3 LP, to acquire voting shares of MidCountry Financial Corp, Macon, Georgia, and thereby indirectly acquire voting shares of MidCountry Bank, Marion, Illinois. Board of Governors of the Federal Reserve System, February 6, 2015. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2015–02800 Filed 2–10–15; 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 March 9, 2015. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Chemical Financial Corporation, Midland, Michigan; to merge with Lake Michigan Financial Corporation, Holland, Michigan, and thereby indirectly acquire The Bank of Holland, Holland, Michigan, and The Bank of Northern Michigan, Petoskey, Michigan. E:\FR\FM\11FEN1.SGM 11FEN1 Federal Register / Vol. 80, No. 28 / Wednesday, February 11, 2015 / Notices Board of Governors of the Federal Reserve System, February 6, 2015. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2015–02799 Filed 2–10–15; 8:45 am] BILLING CODE 6210–01–P FINANCIAL STABILITY OVERSIGHT COUNCIL Notice Seeking Comment on Asset Management Products and Activities AGENCY: Financial Stability Oversight Council. FEDERAL RESERVE SYSTEM ACTION: tkelley on DSK3SPTVN1PROD with NOTICES Board of Governors of the Federal Reserve System. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2015–02839 Filed 2–10–15; 8:45 am] BILLING CODE 6210–01–P VerDate Sep<11>2014 17:07 Feb 10, 2015 Jkt 235001 FINANCIAL STABILITY OVERSIGHT COUNCIL On December 24, 2015, the Financial Stability Oversight Council (the Council) published a ‘‘Notice Seeking Comment on Asset Management Products and Activities’’ (the Notice), which states that comments on the Notice must be received not later than February 23, 2015. The Council has determined that an extension of the comment period until March 25, 2015, is appropriate. Comments must be received not later than March 25, 2015. DATES: You may submit comments by any of the methods identified in the Notice. Please submit your comments using only one method. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Patrick Pinschmidt, Deputy Assistant Secretary for the Financial Stability Oversight Council, Department of the Treasury, at (202) 622–2495; Lyndsay Huot, Senior Policy Advisor, Office of the Financial Stability Oversight Council, Department of the Treasury, at (202) 622–5874; or Eric Froman, Office of the General Counsel, Department of the Treasury, at (202) 622–1942. On December 24, 2014, the Council published the Notice,1 seeking comment on whether and how certain asset management products and activities could pose potential risks to U.S. financial stability. Specifically, the Notice requests information about whether risks associated with liquidity and redemptions, leverage, operational functions, and resolution in the asset management industry could affect U.S. financial stability. The Notice states that comments must be received no later than February 23, 2015. The Council has determined that an extension of the comment period until March 25, 2015, is appropriate in order to provide the public more time to review, consider, and comment on the Notice. SUPPLEMENTARY INFORMATION: 1 Notice Seeking Comment on Asset Management Products and Activities, 79 Federal Register 77,488 (Dec. 24, 2014). PO 00000 [FR Doc. 2015–02813 Filed 2–10–15; 8:45 am] Notice; extension of comment SUMMARY: 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)). The comment period for these applications has been extended. Comments regarding these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than February 26, 2015. A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 33 Liberty Street, New York, New York 10045–0001: 1. CIT Group Inc., Livingston, New Jersey, and its subsidiary, Carbon Merger Sub LLC, New York, New York; to acquire 100 percent of the voting shares of, and to merge with, IMB Holdco LLC, and thereby indirectly acquire voting shares of OneWest Bank, N.A., both in Pasadena, California. In addition, Carbon Merger Sub LLC has applied to become a bank holding company. Dated: February 4, 2015. Patrick Pinschmidt, Deputy Assistant Secretary for the Financial Stability Oversight Council, Department of the Treasury, Executive Director, Financial Stability Oversight Council. BILLING CODE 4810–25–P period. Formations of, Acquisitions by, and Mergers of Bank Holding Companies 7595 Frm 00032 Fmt 4703 Sfmt 4703 Supplemental Procedures Relating to Nonbank Financial Company Determinations Financial Stability Oversight Council. ACTION: Notice of document availability. AGENCY: This notice announces the availability of ‘‘Supplemental Procedures Relating to Nonbank Financial Company Determinations’’ (Supplemental Procedures). DATES: Effective [DATE TBD]. ADDRESSES: Copies of the Supplemental Procedures are located on the Financial Stability Oversight Council Web site, available at www.fsoc.gov. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to Deputy Assistant Secretary for the Financial Stability Oversight Council, Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20220. SUPPLEMENTARY INFORMATION: Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) authorizes the Financial Stability Oversight Council (the Council) to determine that a nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System and be subject to enhanced prudential standards if the Council determines that material financial distress at the company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the company, could pose a threat to the financial stability of the United States. The Council has conducted a review of its practices related to the evaluation of nonbank financial companies under section 113 of the Dodd-Frank Act. The Council’s review included engagement with financial companies, trade associations, nonbank financial companies subject to Council determinations, public interest groups, members of Congress and their staffs, and other stakeholders. At its open meeting on January 21, 2015, the Council discussed its engagement with SUMMARY: E:\FR\FM\11FEN1.SGM 11FEN1

Agencies

[Federal Register Volume 80, Number 28 (Wednesday, February 11, 2015)]
[Notices]
[Pages 7594-7595]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-02799]


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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, 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 March 9, 2015.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Chemical Financial Corporation, Midland, Michigan; to merge with 
Lake Michigan Financial Corporation, Holland, Michigan, and thereby 
indirectly acquire The Bank of Holland, Holland, Michigan, and The Bank 
of Northern Michigan, Petoskey, Michigan.


[[Page 7595]]


    Board of Governors of the Federal Reserve System, February 6, 
2015.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2015-02799 Filed 2-10-15; 8:45 am]
BILLING CODE 6210-01-P