Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 10486-10487 [2015-03984]

Download as PDF 10486 Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices rmajette on DSK2VPTVN1PROD with NOTICES excluded from reporting in Memorandum item 1, consistent with the revised regulatory capital rules. The Federal Reserve did not receive any comments on memoranda items 2, 3 or 4, and will implement as proposed. 2. Proposed FR Y–9C, Schedule HC–L FR Y–9C, Schedule HC–L collects regulatory data on derivatives and offbalance sheet items. The Federal Reserve proposed to revise the reporting requirements for off-balance sheet exposures related to securities lent and borrowed, consistent with the revised regulatory capital rules. Compared to the current schedule, the proposed changes to Schedule HC–L would require all banking organizations to report the amount of securities borrowed. At present, banking organizations include the amount of securities borrowed in the total amount of all other off-balance sheet liabilities reported in item 9 of Schedule HC–L if the amount of securities borrowed is more than 10 percent of total holding company equity capital and they disclose the amount of securities borrowed if that amount is more than 25 percent of total holding company equity capital. In addition, the proposed changes to Schedule HC–L would require institutions to report securities borrowed in a new item 6.b immediately after the line item for securities lent, which would be renumbered from item 6 to item 6.a. One commenter noted that the current instructions for item 9 state to ‘‘report all securities borrowed against collateral (other than cash)’’ for such purposes as serving ‘‘as a pledge against deposit liabilities or delivery against short sales,’’ whereas the current instructions for item 6 state to report all securities owned that are ‘‘lent against collateral or on an uncollateralized basis.’’ The commenter characterizes current item 9 as inclusive of only certain types of securities borrowings such as those collateralized by ‘‘other than cash’’ and those ‘‘for purposes as a pledge against deposit liabilities or short sales,’’ whereas current item 6 covers all types of securities lending regardless of the type of collateral. The commenter suggested clarifying the scope of these two items. The Federal Reserve will clarify the instructions for new item 6(b) to state that institutions should report all types of securities borrowing, regardless of collateral type or purpose. The phrases ‘‘other than cash’’ and ‘‘for such purpose as a pledge against deposit liabilities or delivery against short sales’’ will be deleted from the final instructions for new item 6(b). VerDate Sep<11>2014 15:27 Feb 25, 2015 Jkt 235001 3. Initial Reporting For the March 31, 2015, report date, institutions may provide reasonable estimates for any new or revised FR Y– 9C items initially required to be reported as of that date for which the requested information is not readily available. 2. Report Title: Parent Company Only Financial Statements for Small Holding Companies. Agency form number: FR Y–9SP. OMB control number: 7100–0128. Frequency: Semiannually, as of the last calendar day of June and December. Reporters: BHCs, SLHCs and SHCs with total consolidated assets of less than $1 billion (small BHCs, small SLHCs and small SHCs). Estimated average hours per response: 5.40 hours. Estimated annual reporting hours: 47,412. Number of respondents: 4,390. General description of report: This information collection is mandatory for BHCs [12 U.S.C. 1844(c)(1)(A).] Additionally, 12 U.S.C. 1467a(b)(2)(A) and 1850a(c)(1)(A), respectively, authorize the Federal Reserve to require that SLHCs and supervised SHCs file the FR Y–9SP with the Federal Reserve. Confidential treatment is not routinely given to the financial data in this report. However, confidential treatment for the reporting information, in whole or in part, can be requested in accordance with the instructions to the form, pursuant to sections (b)(4), (b)(6), or (b)(8) of the Freedom of Information Act (5 U.S.C. 552(b)(4), (b)(6), and (b)(8)). Abstract: The FR Y–9SP is a parent company only financial statement filed semiannually by smaller HCs. Respondents include HCs with total consolidated assets of less than $1 billion. This form is a simplified or abbreviated version of the FR Y–9LP. This report is designed to obtain basic parent company balance sheet and income data, data on intangible assets, and data on intercompany transactions. Current Actions: On August 6, 2014, the Federal Reserve published a notice in the Federal Register (79 FR 45808) requesting public comment for 60 days on the revision, without extension, of the FR Y–9SP. The comment period for this notice expired on October 6, 2014. The Federal Reserve did not receive any comments. However, in light of the legislation adopted by Congress on December 11, 2014, the Federal Reserve will not finalize the proposed revisions to FR Y–9SP Schedule SC–R, Part II, for SLHCs that otherwise would have been subject to the Small BHC Policy Statement in effect as of the filing date for the FR Y–9SP. PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 Discussion of Recent Legislation and Rulemaking Affecting Proposed Revisions to the FR Y–9SP In December 2014, Congress enacted and the President signed into law Public Law 113–250. Public Law 113–250 directs the Board to publish in the Federal Register proposed revisions to the Small Bank Holding Company Policy Statement to, in part, exempt small SLHCs from the minimum capital requirements mandated by section 171 of the Dodd-Frank Wall Street Reform and Consumer Protection Act as if they were BHCs subject to the Small BHC Policy Statement. On January 29, 2015, the Board issued an interim final rule that would exclude SLHCs that have total consolidated assets of less than $500 million and that meet other qualitative requirements from the Board’s regulatory capital requirements (Regulation Q). In light of Public Law 113–250 and the rulemaking, the Federal Reserve will not finalize the proposed revisions to the FR Y–9SP, Part II, for SLHCs with total consolidated assets of less than $500 million that meet the qualitative requirements of the Policy Statement. Board of Governors of the Federal Reserve System, February 23, 2015. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2015–03973 Filed 2–25–15; 8:45 am] BILLING CODE 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 March 13, 2015. A. Federal Reserve Bank of St. Louis (Yvonne Sparks, Community Development Officer) P.O. Box 442, St. Louis, Missouri 63166–2034: E:\FR\FM\26FEN1.SGM 26FEN1 Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices 1. HopFed Bancorp 2015 Employee Stock Ownership Plan, with John E. Peck and Billy C. Duvall, all of Hopkinsville, Kentucky, and Thomas I. Miller, Murray, Kentucky, as trustees, to acquire voting shares of HopFed Bancorp, Inc., and thereby indirectly acquire voting shares of Heritage Bank, USA, Inc., both in Hopkinsville, Kentucky. Board of Governors of the Federal Reserve System, February 23, 2015. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2015–03984 Filed 2–25–15; 8:45 am] BILLING CODE 6210–01–P the voting shares of NOA Bank, Duluth, Georgia. B. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Olney Bancshares of Texas, Inc., Olney, Texas; to acquire 100 percent of the voting shares of Vintage Shares, Inc., and thereby indirectly acquire voting shares of Vintage Bank, both in Waxahachie, Texas. Board of Governors of the Federal Reserve System, February 23, 2015. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2015–03983 Filed 2–25–15; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM rmajette on DSK2VPTVN1PROD with NOTICES Formations of, Acquisitions by, and Mergers of Bank Holding Companies FEDERAL RESERVE SYSTEM [Docket No. OP–1511] 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 23, 2015. A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice President) 1000 Peachtree Street NE., Atlanta, Georgia 30309: 1. NOA Bancorp, Inc., Duluth, Georgia; to become a bank holding company by acquiring 100 percent of VerDate Sep<11>2014 15:27 Feb 25, 2015 Jkt 235001 Privacy Act of 1974; Notice of New System of Records Board of Governors of the Federal Reserve System. ACTION: Notice of new system of records. AGENCY: Pursuant to the provisions of the Privacy Act of 1974, 5 U.S.C. 552a, notice is given that the Board of Governors of the Federal Reserve System (Board) proposes the establishment of a new system of records, BGFRS–39 (General File of the Community Advisory Council). DATES: In accordance with 5 U.S.C. 552a(e)(4) and (11), the public is given a 30-day period in which to comment; and the Office of Management and Budget (OMB), which has oversight responsibility under the Privacy Act, requires a 40-day period in which to conclude its review of the system. Therefore, please submit any comments on or before March 30, 2015. The new system of records will become effective April 7, 2015, without further notice, unless comments dictate otherwise. ADDRESSES: The public, OMB, and Congress are invited to submit comments, identified by the docket number above, by any of the following methods: • Agency Web site: http:// www.federalreserve.gov. Follow the instructions for submitting comments. http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: regs.comments@ federalreserve.gov. Include docket number in the subject line of the message. SUMMARY: PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 10487 • Fax: 202/452–3819 or 202/452– 3102. • Mail: Robert deV. Frierson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. All public comments will be made available on the Board’s Web site at www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street (between 18th and 19th Streets NW.) Washington, DC 20006. Alye S. Foster, Senior Special Counsel, Legal Division, Board of Governors of the Federal Reserve System, 1801 K Street NW., Washington, DC 20007, or (202) 452–5289, or alye.s.foster@frb.gov. Telecommunications Device for the Deaf (TDD) users may contact (202) 263– 4869. FOR FURTHER INFORMATION CONTACT: In accordance with the Privacy Act of 1974, 5 U.S.C. 552a, the Board proposes to establish a new system of records BGFRS–39 (General File of the Community Advisory Council). The Board has established a Community Advisory Council (the ‘‘CAC’’). The CAC is scheduled to meet semi-annually with the Board to offer diverse perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income populations. The Board’s new system of records, BGFRS–39, maintains records relating to the appointment and selection of individuals to the CAC and, for selectees, records relating to the individual’s membership on the CAC. In accordance with 5 U.S.C. 552a(r), a report of this system of records is being filed with the Chair of the House Committee on Oversight and Government Reform, the Chair of the Senate Committee on Homeland Security and Governmental Affairs, and the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget. SUPPLEMENTARY INFORMATION: E:\FR\FM\26FEN1.SGM 26FEN1

Agencies

[Federal Register Volume 80, Number 38 (Thursday, February 26, 2015)]
[Notices]
[Pages 10486-10487]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-03984]


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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 March 13, 2015.
    A. Federal Reserve Bank of St. Louis (Yvonne Sparks, Community 
Development Officer) P.O. Box 442, St. Louis, Missouri 63166-2034:

[[Page 10487]]

    1. HopFed Bancorp 2015 Employee Stock Ownership Plan, with John E. 
Peck and Billy C. Duvall, all of Hopkinsville, Kentucky, and Thomas I. 
Miller, Murray, Kentucky, as trustees, to acquire voting shares of 
HopFed Bancorp, Inc., and thereby indirectly acquire voting shares of 
Heritage Bank, USA, Inc., both in Hopkinsville, Kentucky.

    Board of Governors of the Federal Reserve System, February 23, 
2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-03984 Filed 2-25-15; 8:45 am]
BILLING CODE 6210-01-P