Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 30249 [2015-12722]
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Federal Register / Vol. 80, No. 101 / Wednesday, May 27, 2015 / Notices
c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or start up costs
and costs of operation, maintenance,
and purchase of services to provide
information.
mstockstill on DSK4VPTVN1PROD with NOTICES
Proposal To Approve Under OMB
Delegated Authority the Extension for
Three Years, Without Revision, of the
Following Report
Report title: Notice Requirements in
Connection with Regulation W (12 CFR
part 223 Transactions Between Member
Banks and Their Affiliates).
Agency form number: Reg W.
OMB control number: 7100–0304.
Frequency: Event-generated.
Reporters: Insured depository
institutions and uninsured member
banks.
Estimated annual reporting hours: 24
hours.
Estimated average hours per response:
Loan participation renewal notice, 2
hours; Acquisition notice, 6 hours;
Internal corporate reorganization
transactions notice, 6 hours; and Section
23A additional exemption notice, 10
hours.
Number of respondents: Loan
participation renewal notice, 1;
Acquisition notice, 1; Internal corporate
reorganization transactions notice, 1;
and Section 23A additional exemption
notice, 1.
General description of report: This
mandatory information collection is
required to evidence compliance with
sections 23A and 23B of the Federal
Reserve Act (12 U.S.C. 371c and 371c–
1). Confidential and proprietary
information collected for the purposes
of the Loan Participation Renewal
notice (12 CFR 223.15(b)(4)) may be
protected under the authority of section
(b)(4) of FOIA [5 U.S.C. 552(b)(4)]. That
section of FOIA exempts commercial or
financial information deemed
competitively sensitive from disclosure.
Respondents who desire that the
information on this notice be kept
confidential in accordance with section
(b)(4) can request confidential treatment
under the Board’s rules at 12 CFR
261.15. In addition, information that is
obtained as part of an examination of a
financial institution is exempt from
disclosure under exemption (b)(8) of
FOIA. 5 U.S.C. 552(b)(8).
Abstract: On December 12, 2002, the
Federal Reserve published a Federal
VerDate Sep<11>2014
16:45 May 26, 2015
Jkt 235001
Register notice 1 adopting Regulation W
(Reg W) to implement sections 23A and
23B. Reg W was effective April 1, 2003.
The Board issued Reg W for several
reasons. First, the regulatory framework
established by the Gramm-Leach-Bliley
Act 2 emphasized the importance of
sections 23A and 23B as a means to
protect depository institutions from
losses in transactions with affiliates.
Second, adoption of a comprehensive
rule simplified the interpretation and
application of sections 23A and 23B,
ensured that the statute is consistently
interpreted and applied, and minimized
burden on banking organizations to the
extent consistent with the statute’s
goals. Third, issuing a comprehensive
rule allowed the public an opportunity
to comment on Federal Reserve
interpretations of sections 23A and 23B.
The information collection
requirements associated with Regulation
W comprise four notices: (1) The Loan
Participation Renewal notice (12 CFR
223.15(b)(4)), which is a condition to an
exemption for renewals of loan
participations involving problem loans;
(2) the Acquisition notice (12 CFR
223.31(d)(4)), which is a condition to an
exemption for a depository institution’s
acquisition of an affiliate that becomes
an operating subsidiary of the
institution after the acquisition; (3) the
Internal Corporate Reorganization
Transactions notice (12 CFR
223.41(d)(2)), which is a condition to an
exemption for internal corporate
reorganization transactions; and (4) the
Section 23A Additional Exemption
notice (12 CFR 223.43(b)), which
provides procedures for requesting
additional exemptions from the
requirements of section 23A. These
notifications are event-generated and
must be provided to the appropriate
federal banking agency and, if
applicable, the Federal Reserve Board
within the time periods established by
the law and regulation.
30249
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 June 19, 2015.
A. Federal Reserve Bank of Richmond
(Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528:
1. Delmarva Bancshares, Inc.,
Cambridge, Maryland; to acquire 100
percent of the voting shares of Easton
Bancorp, Inc., and thereby indirectly
acquire voting shares of Easton Bank &
Trust Company, both in Easton,
Maryland.
Board of Governors of the Federal Reserve
System, May 21, 2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
Board of Governors of the Federal Reserve
System, March 21, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015–12722 Filed 5–26–15; 8:45 am]
[FR Doc. 2015–12740 Filed 5–26–15; 8:45 am]
BILLING CODE 6210–01–P
GENERAL SERVICES
ADMINISTRATION
FEDERAL RESERVE SYSTEM
[OMB Control No. 3090–0080 Docket 2015–
0001; Sequence 2]
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
1 (67
FR 76603).
Law 106–102, 113 Stat. 1338 (1999).
2 Public
PO 00000
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BILLING CODE 6210–01–P
Submission to OMB for Review;
General Services Administration
Acquisition Regulation; Contract
Financing Final Payment (GSA Form
1142 Release of Claims)
AGENCY:
Office of Acquisition Policy,
GSA.
E:\FR\FM\27MYN1.SGM
27MYN1
Agencies
[Federal Register Volume 80, Number 101 (Wednesday, May 27, 2015)]
[Notices]
[Page 30249]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-12722]
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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 June 19, 2015.
A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Delmarva Bancshares, Inc., Cambridge, Maryland; to acquire 100
percent of the voting shares of Easton Bancorp, Inc., and thereby
indirectly acquire voting shares of Easton Bank & Trust Company, both
in Easton, Maryland.
Board of Governors of the Federal Reserve System, May 21, 2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-12722 Filed 5-26-15; 8:45 am]
BILLING CODE 6210-01-P