Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 10486-10487 [2015-03984]
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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).
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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.
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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:
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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
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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: https://
www.federalreserve.gov. Follow the
instructions for submitting comments.
https://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: https://
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:
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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:
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]]>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
