Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 75678 [2015-30579]

Download as PDF Lhorne on DSK5TPTVN1PROD with NOTICES 75678 Federal Register / Vol. 80, No. 232 / Thursday, December 3, 2015 / Notices instructions to make incentive payments to an entity other than a winning reverse auction bidder. The Commission has stated that incentive payments will be disbursed ‘‘to the licensee that is the reverse auction applicant’’ and that, in making such disbursements, it will ‘‘follow winning reverse auction bidders’ payment instructions as set forth on their respective standardized incentive payment forms to the extent permitted by law.’’ The Bureau clarified that the winning reverse auction bidder need not be the owner of the account to which disbursement is made. Winning bidders may instruct that their payments be disbursed to a third party, such as a ‘‘qualified intermediary,’’ a ‘‘qualified trust,’’ an escrow account, or an account jointly owned by parties to a channel sharing agreement (CSA) who are named as owners of that account. The flexibility to instruct that payments be disbursed to a third party will facilitate channel sharing and thereby promote voluntary broadcaster participation in the reverse auction. 2. In addition, the Bureau clarified that incentive payments will be disbursed only to a single payee and into a single account. Any division of payments (e.g., among the parties to a CSA or to different accounts) will be the responsibility of the winning reverse auction bidder or the party to which the winning bidder’s payment is disbursed, not the Commission. Disbursement will be made to a third party only if the winning bidder has so instructed on its incentive payment form. Finally, winning bidders and third parties to which winning bidders instruct that payments be disbursed will be required: (1) To agree to indemnify and to hold harmless the United States from any and all liability arising from the disbursement of incentive payments; (2) to acknowledge and agree that the payments are subject to offset pursuant to applicable law for debts (owed to the Commission or the United States) by either the winning bidder or the third party payee designated by the winning bidder; and (3) to acknowledge and agree that payments will not be made to (or for the benefit of) any winning bidder or other payee appearing on the U.S. Treasury’s ‘‘Do Not Pay’’ portal. 3. The Bureau is not providing guidance on how the federal tax laws may apply to incentive payments. Specific procedures for disbursing payments, including the forms for submitting instructions and the necessary financial information, will be set forth by future public notice. VerDate Sep<11>2014 15:11 Dec 02, 2015 Jkt 238001 Federal Communications Commission. William Huber, Associate Chief, Auctions and Spectrum Access Division, WTB. [FR Doc. 2015–30606 Filed 12–2–15; 8:45 am] BILLING CODE 6712–01–P FEDERAL MINE SAFETY AND HEALTH REVIEW COMMISSION Sunshine Act Notice December 1, 2015. 10:00 a.m., Thursday, December 10, 2015. TIME AND DATE: The Richard V. Backley Hearing Room, Room 511N, 1331 Pennsylvania Avenue NW., Washington, DC 20004 (enter from F Street entrance). PLACE: STATUS: Open. The Commission will consider and act upon the following in open session: MATTERS TO BE CONSIDERED: Secretary of Labor v. AK Coal Resources, Inc., Docket No. PENN 2014–159 Secretary of Labor v. Pinnacle Mining Co., LLC, Docket No. WEVA 2014–963 Secretary of Labor v. James L. Deck, Docket No. SE 2014–322–M Secretary of Labor v. BCJ Sand & Rock, Inc., Docket No. WEST 2015–7–M Secretary of Labor v. E & G Masonry Stone #2, Docket No. CENT 2015–21– M Secretary of Labor v. U.S. Silver—Idaho, Inc., Docket No. WEST 2015–717–M Secretary of Labor v. Apogee Coal Co., LLC, Docket No. WEVA 2014–632 Secretary of Labor v. Campbell RediMix, Inc., Docket Nos. WEST 2014– 917–M and WEST 2014–918–M (Issues include whether motions to reopen the cases should be granted by the Commission.) Any person attending this meeting who requires special accessibility features and/or auxiliary aids, such as sign language interpreters, must inform the Commission in advance of those needs. Subject to 29 CFR 2706.150(a)(3) and § 2706.160(d). CONTACT PERSON FOR MORE INFO: Emogene Johnson (202) 434–9935/(202) 708–9300 for TDD Relay/1–800–877– 8339 for toll free. 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 December 28, 2015. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. First Midwest Bancorp, Itasca, Illinois; to merge with NI Bancshares, and thereby indirectly acquire National Bank & Trust Corporation, both in Sycamore, Illinois. Board of Governors of the Federal Reserve System, November 30, 2015. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2015–30579 Filed 12–2–15; 8:45 am] BILLING CODE 6210–01–P Sarah L. Stewart, Deputy General Counsel. [FR Doc. 2015–30639 Filed 12–1–15; 11:15 am] BILLING CODE 6735–01–P PO 00000 Frm 00022 Fmt 4703 Sfmt 9990 E:\FR\FM\03DEN1.SGM 03DEN1

Agencies

[Federal Register Volume 80, Number 232 (Thursday, December 3, 2015)]
[Notices]
[Page 75678]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30579]


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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 December 28, 2015.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. First Midwest Bancorp, Itasca, Illinois; to merge with NI 
Bancshares, and thereby indirectly acquire National Bank & Trust 
Corporation, both in Sycamore, Illinois.

    Board of Governors of the Federal Reserve System, November 30, 
2015.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2015-30579 Filed 12-2-15; 8:45 am]
 BILLING CODE 6210-01-P
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