Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities, 77633 [2015-31491]

Download as PDF Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices (d) Ways to minimize the burden of the 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. Schedule A (Summary)—Revisions to Schedule A.2.b (Retail Repurchase) This schedule would be removed to reduce reporting burden, effective for the 2017 DFAST submission. Schedule A (Summary)—Deletion of Schedule A.2.c (ASC 310–30) This schedule would be removed to reduce reporting burden, effective for the 2017 DFAST submission. Schedule A (Summary)—Revisions to Schedule A.7.c (PPNR Metrics) In order to fully align the schedule with the stress scenarios, the beta information would be collected according to the scenario instead of the current ‘‘normal environment’’ requirement, effective for the 2016 DFAST submission. Counterparty Credit Risk Schedule This schedule would be removed to reduce reporting burden effective for the 2016 DFAST submission. Aggregate counterparty credit risk information will continue to be obtained through the Summary Schedule (Schedule A). Burden Estimates The FDIC estimates the burden of this collection as follows: asabaliauskas on DSK5VPTVN1PROD with NOTICES Current Number of Respondents: 4. Annual Burden per Respondent: 1,040. Total Annual Burden: 4,160. Proposed Estimated Number of Respondents: 4. Annual Burden per Respondent: 1,114. Estimated Total Annual Burden: 4,456 hours. The FDIC recognizes that the Board has estimated 71,709 hours for bank holding companies to prepare the Summary, Macro scenario, Operational risk, Regulatory capital transitions, and Regulatory capital instruments for the FR Y–14A. The FDIC believes that the systems covered institutions use to prepare the FR Y–14A reporting templates will also be used to prepare the reporting templates described in this notice. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the FDIC, including whether the information has practical utility; (b) The accuracy of the FDIC’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; VerDate Sep<11>2014 17:08 Dec 14, 2015 Jkt 238001 Dated at Washington, DC, this 10th day of December. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015–31492 Filed 12–14–15; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act. Unless otherwise noted, comments regarding the notices must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than January 8, 2016. A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 33 Liberty Street, New York, New York 10045–0001: 1. New York Community Bancorp, Inc., Westbury, New York; to acquire 100 percent of the voting shares of Astoria Financial Corporation, Lake Success, New York, and indirectly acquire Astoria Bank, Long Island City, New York, and thereby engage in extending credit and servicing loans, and in operating a savings association, PO 00000 Frm 00034 Fmt 4703 Sfmt 9990 77633 pursuant to sections 225.28 (b)(1) and (b)(4)(ii). Board of Governors of the Federal Reserve System, December 10, 2015. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2015–31491 Filed 12–14–15; 8:45 am] BILLING CODE 6210–01–P 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 January 8, 2016. A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice President) 1000 Peachtree Street NE., Atlanta, Georgia 30309: 1. CapStar Financial Holdings, Inc., Nashville, Tennessee; to become a bank holding company by acquiring 100 percent of the voting shares of CapStar Bank, Nashville, Tennessee. Board of Governors of the Federal Reserve System, December 10, 2015. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2015–31490 Filed 12–14–15; 8:45 am] BILLING CODE 6210–01–P E:\FR\FM\15DEN1.SGM 15DEN1

Agencies

[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)]
[Notices]
[Page 77633]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-31491]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) or that the Board has 
determined by Order to be closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, these activities 
will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 4 of the BHC Act.
    Unless otherwise noted, comments regarding the notices must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than January 8, 2016.
    A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 
33 Liberty Street, New York, New York 10045-0001:
    1. New York Community Bancorp, Inc., Westbury, New York; to acquire 
100 percent of the voting shares of Astoria Financial Corporation, Lake 
Success, New York, and indirectly acquire Astoria Bank, Long Island 
City, New York, and thereby engage in extending credit and servicing 
loans, and in operating a savings association, pursuant to sections 
225.28 (b)(1) and (b)(4)(ii).

    Board of Governors of the Federal Reserve System, December 10, 
2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-31491 Filed 12-14-15; 8:45 am]
 BILLING CODE 6210-01-P