Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 11273 [2016-04666]

Download as PDF Federal Register / Vol. 81, No. 42 / Thursday, March 3, 2016 / Notices survey) is designed to collect information on such other authentication methods. Another comment addressed concerns about the collection of information on the ‘‘tokenization’’ of payments from card networks. Such solutions can be implemented in various ways by parties to the transaction. It would be difficult to comprehensively measure the variety of tokenization schemes being used. The Federal Reserve believes it is important to collect information from survey respondents that is feasible, even when the universe of competing methods cannot be measured in the survey. Given that the surveys sometimes collect partial information, it is important to recognize any limitations on new and emerging trends, especially at the analysis and reporting stages. A comment suggested collecting ‘‘counterfeit’’ fraud for remote payments. The survey collects counterfeit card fraud, which, according to card network definitions, means that a fake version of the card is created and used at a merchant’s point-of-sale card terminal, an in-person situation. Remote payment fraud is classified by the card networks as an ‘‘unauthorized use of account number.’’ The Federal Reserve believes this definition will capture the type of fraud requested in the comment. A comment requested some detail on mobile wallet provisioning. As mobile wallet questions are new for this survey, the Federal Reserve will not expand mobile wallet questions until a baseline can be established. Private-Label Cards One comment requested the addition of questions on the number of cards in force with multi-factor authentication mechanisms. The revised survey includes a question on the use of chips for private-label cards for the first time. Additional questions may be considered once a baseline is established. mstockstill on DSK4VPTVN1PROD with NOTICES EBT A comment suggested collecting additional detail on authentication methods used for EBT payments. The Federal Reserve believes that EBT payments are almost exclusively PIN authenticated. Past survey efforts have not been successful in obtaining much detail underlying EBT payments, and the survey detail already requested may be difficult to obtain. No additional questions concerning authentication methods will be added at this time. If the situation improves, the Federal Reserve will seek to collect additional relevant detail in the future. VerDate Sep<11>2014 19:17 Mar 02, 2016 Jkt 238001 Mobile Wallet A comment requested clarity with respect to the definition of a remote mobile transaction. Across all surveys, a remote payment is one in which the payment transaction is performed remotely, regardless of where or how the good or service is obtained. In an example with a remote card preauthorization, but with a payment made in person, the survey definition is that the payment is an in-person payment. A comment suggested breaking out fraudulent mobile wallet transactions into person-present and remote categories. This requested breakout was added to the final proposed survey. A comment suggested tracking the number of fraudulently provisioned cards to mobile wallets. The Federal Reserve does not know how such a question should fit into the present survey framework at this time, but believes that information on the number of fraudulent mobile wallet transactions may serve as a useful alternative measure. Board of Governors of the Federal Reserve System, February 29, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016–04654 Filed 3–2–16; 8:45 am] BILLING CODE 6210–01–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 17, 2016. A. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. Leis Family Group comprised of The Revocable Trust of Dorvin D. Leis, PO 00000 Frm 00101 Fmt 4703 Sfmt 9990 11273 Garland, Texas; Charles S. Leis, Eagle, Idaho, Stephen T. Leis, Kihie, Hawaii, and Edward B. Tomlinson, II, Rowlett, Texas, as trustees and in their individual capacity; and Stanley B. Leis, Eagle, Idaho; to retain voting shares of Texas Brand Bancshares, Inc., and therefore indirectly retain additional voting shares of Texas Brand Bank, both of Garland, Texas. Board of Governors of the Federal Reserve System, February 26, 2016. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2016–04622 Filed 3–2–16; 8:45 am] BILLING CODE 6210–01–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 18, 2016. A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Andrew R. Clements and Aaron M. Clements, both of Elmwood, Nebraska; to become members of the Clements Family control group and to acquire voting shares of American Exchange Company, and thereby indirectly acquire voting shares of American Exchange Bank, both in Elmwood, Nebraska. Board of Governors of the Federal Reserve System, February 29, 2016. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2016–04666 Filed 3–2–16; 8:45 am] BILLING CODE 6210–01–P E:\FR\FM\03MRN1.SGM 03MRN1

Agencies

[Federal Register Volume 81, Number 42 (Thursday, March 3, 2016)]
[Notices]
[Page 11273]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-04666]


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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 18, 2016.
    A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant 
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
    1. Andrew R. Clements and Aaron M. Clements, both of Elmwood, 
Nebraska; to become members of the Clements Family control group and to 
acquire voting shares of American Exchange Company, and thereby 
indirectly acquire voting shares of American Exchange Bank, both in 
Elmwood, Nebraska.

    Board of Governors of the Federal Reserve System, February 29, 
2016.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2016-04666 Filed 3-2-16; 8:45 am]
 BILLING CODE 6210-01-P
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