Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 7595 [2015-02839]

Download as PDF 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]
[Page 7595]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-02839]


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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)).
    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.

    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