Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 1949 [2016-00599]

Download as PDF 1949 Federal Register / Vol. 81, No. 9 / Thursday, January 14, 2016 / Notices The firm’s Method 1 score is the sum of its weighted systemic indicator scores. The GSIB surcharge for the firm is then the higher of the GSIB surcharge determined under Method 1 and a second method that weights size, interconnectedness, cross-jurisdictional activity, complexity, and reliance on wholesale funding (instead of substitutability).2 The aggregate global indicator amounts used in the score calculation under Method 1 are based on data collected by the Basel Committee on Banking Supervision (BCBS). The BCBS amounts are determined based on the sum of the systemic indicator scores of the 75 largest U.S. and foreign banking organizations as measured by the BCBS, and any other banking organization that the BCBS includes in its sample total for that year. The BCBS publicly releases these values in euros each year. To account for changes in currency values, the GSIB surcharge rule indicates that the Board will publish the aggregate global indicator amounts each year in U.S. dollars.3 The aggregate global indicator amounts for purposes of the Method 1 score calculation under the GSIB surcharge rule for 2015, which were calculated as part of the end-2014 GSIB assessment, are: AGGREGATE GLOBAL INDICATOR AMOUNTS IN U.S. DOLLARS (USD) FOR 2015 Aggregate global indicator amount in USD (end-2014 assessment) Category Systemic indicator Size ................................................... Interconnectedness ........................... Total exposures .......................................................................................... Intra-financial system assets ...................................................................... Intra-financial system liabilities .................................................................. Securities outstanding ................................................................................ Payments activity ....................................................................................... Assets under custody ................................................................................. Underwritten transactions in debt and equity markets .............................. Notional amount of over-the-counter (OTC) derivatives ............................ Trading and available-for-sale (AFS) securities ........................................ Level 3 assets ............................................................................................ Cross-jurisdictional claims .......................................................................... Cross-jurisdictional liabilities ...................................................................... Substitutability/financial institution infrastructure. Complexity ........................................ Cross-jurisdictional activity ............... Authority: 12 U.S.C. 248(a), 321–338a, 481–486, 1462a, 1467a, 1818, 1828, 1831n, 1831o, 1831p–l, 1831w, 1835, 1844(b), 1851, 3904, 3906–3909, 4808, 5365, 5368, 5371. By order of the Board of Governors of the Federal Reserve System, January 11, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016–00589 Filed 1–13–16; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM mstockstill on DSK4VPTVN1PROD with NOTICES 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 2 The second method (Method 2) uses similar inputs to those used in Method 1, but replaces the substitutability category with a measure of a firm’s VerDate Sep<11>2014 16:39 Jan 13, 2016 Jkt 238001 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 February 8, 2016. A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Senior Vice President) 600 Atlantic Avenue, Boston, Massachusetts 02210–2204, or BOS.SRC.Applications.Comments@ bos.frb.org: 1. Spencer MHC, and Spencer MidTier Holding Company, both in Spencer, Massachusetts; to merge with Green Valley Bancorp, MHC, and Green Valley Bancorp, Inc., and thereby indirectly acquire voting shares of Southbridge use of short-term wholesale funding. In addition, Method 2 is calibrated differently from Method 1. PO 00000 Frm 00013 Fmt 4703 Sfmt 4703 89,657,702,623,292 9,553,265,287,432 10,766,503,932,080 14,829,559,920,658 2,588,833,244,898,340 141,055,159,810,929 6,457,421,866,621 773,613,780,418,221 3,983,442,843,602 799,000,645,785 20,924,671,362,004 19,029,188,523,805 Savings Bank, all in Southbridge, Massachusetts. Board of Governors of the Federal Reserve System, January 11, 2016. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2016–00599 Filed 1–13–16; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Disease Control and Prevention [30Day–16–15BM] Agency Forms Undergoing Paperwork Reduction Act Review The Centers for Disease Control and Prevention (CDC) has submitted the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995. The notice for the proposed information collection is published to obtain comments from the public and affected agencies. Written comments and suggestions from the public and affected agencies concerning the proposed collection of 3 12 CFR 217.404(b)(1)(i)(B); 80 FR 49082, 49086– 87 (August 14, 2015). E:\FR\FM\14JAN1.SGM 14JAN1

Agencies

[Federal Register Volume 81, Number 9 (Thursday, January 14, 2016)]
[Notices]
[Page 1949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-00599]


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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 February 8, 2016.
    A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Senior Vice 
President) 600 Atlantic Avenue, Boston, Massachusetts 02210-2204, or 
BOS.SRC.Applications.Comments@bos.frb.org:
    1. Spencer MHC, and Spencer Mid-Tier Holding Company, both in 
Spencer, Massachusetts; to merge with Green Valley Bancorp, MHC, and 
Green Valley Bancorp, Inc., and thereby indirectly acquire voting 
shares of Southbridge Savings Bank, all in Southbridge, Massachusetts.

    Board of Governors of the Federal Reserve System, January 11, 
2016.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2016-00599 Filed 1-13-16; 8:45 am]
 BILLING CODE 6210-01-P