Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 24101 [2016-09498]

Download as PDF Federal Register / Vol. 81, No. 79 / Monday, April 25, 2016 / Notices FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company asabaliauskas on DSK3SPTVN1PROD with NOTICES FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request 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 May 10, 2016. A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 33 Liberty Street, New York, New York 10045–0001. Comments can also be sent electronically to Comments.applications@ny.frb.org: 1. Basswood Capital Management, LLC, New York, New York; funds for which Basswood Partners, LLC serves as General Partner and for which Basswood Capital Management, LLC serves as Investment Manager (Basswood Opportunity Partners, LP; Basswood Financial Fund, LP; Basswood Financial Long Only Fund, LP); a fund for which Basswood Enhanced Long Short GP, LLC serves as General Partner and for which Basswood Capital Management, LLC serves as Investment Manager (Basswood Enhanced Long Short Fund, LP); funds for which Basswood Capital Management, LLC serves as Investment Manager (Basswood Opportunity Fund, Inc.; Basswood Financial Fund, Inc.; BCM Select Equity I Master, Ltd.; Main Street Master, Ltd.); and Basswood Capital Management, LLC as investment adviser to two managed accounts; to collectively voting shares of Suffolk Bancorp, and thereby indirectly acquire voting shares of Suffolk County National Bank, both in Riverhead, New York. Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board or Federal Reserve) invites comment on a proposal to extend for three years, with revision the Annual Report of Holding Companies (FR Y–6), the Annual Report of Foreign Banking Organizations (FR Y–7), and the Report of Changes in Organizational Structure (FR Y–10). The Federal Reserve proposes to revise the FR Y–6, FR Y–7, and FR Y–10 by modifying confidential treatment questions on the reporting forms and instructions to align with the recently approved confidentiality check-box proposal.1 Additionally, the Federal Reserve proposes to revise the FR Y–7 and FR Y–10 to incorporate U.S. IHCs formed under the final rule for enhanced prudential standards for FBOs (Regulation YY).2 The Federal Reserve also proposes to revise the FR Y–6 and FR Y–10 to make certain clarifying changes to the instructions. The Federal Reserve is also proposing to extend for three years, without revision, the FR Y– 10E. The proposed changes to the FR Y– 10 reporting form and instructions would be effective August 15, 2016. The proposed changes to the FR Y–6 and FR Y–7 reporting forms and instructions would be effective with fiscal year-ends beginning December 31, 2016. On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies. DATES: Comments must be submitted on or before June 24, 2016. ADDRESSES: You may submit comments, identified by FR Y–6, FR Y–7, FR Y–10, or FR Y–10E, by any of the following methods: Board of Governors of the Federal Reserve System, April 20, 2016. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2016–09498 Filed 4–22–16; 8:45 am] BILLING CODE 6210–01–P VerDate Sep<11>2014 19:02 Apr 22, 2016 Jkt 238001 AGENCY: 1 See 80 FR 52282 (August 28, 2015). draft FR Y–6 reporting form and instructions associated with this proposal also include the language to collect information for U.S. IHCs of FBOs as proposed in the IHC proposal currently out for public comment. See 81 FR 6265 (February 5, 2016). 2 The PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 24101 • Agency Web site: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: regs.comments@ federalreserve.gov. Include OMB number in the subject line of the message. • FAX: (202) 452–3819 or (202) 452– 3102. • Mail: Robert deV. Frierson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. All public comments are available from the Board’s Web site at: http:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street (between 18th and 19th Streets NW.) Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. Additionally, commenters may send a copy of their comments to the OMB Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235 725 17th Street NW., Washington, DC 20503 or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files, once approved. These documents will also be made available on the Federal Reserve Board’s public Web site at: http:// www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202) 452–3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. SUPPLEMENTARY INFORMATION: Request for Comment on Information Collection Proposal The Board invites public comment on the following information collection, E:\FR\FM\25APN1.SGM 25APN1

Agencies

[Federal Register Volume 81, Number 79 (Monday, April 25, 2016)]
[Notices]
[Page 24101]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-09498]



[[Page 24101]]

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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 May 10, 2016.
    A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 
33 Liberty Street, New York, New York 10045-0001. Comments can also be 
sent electronically to Comments.applications@ny.frb.org:
    1. Basswood Capital Management, LLC, New York, New York; funds for 
which Basswood Partners, LLC serves as General Partner and for which 
Basswood Capital Management, LLC serves as Investment Manager (Basswood 
Opportunity Partners, LP; Basswood Financial Fund, LP; Basswood 
Financial Long Only Fund, LP); a fund for which Basswood Enhanced Long 
Short GP, LLC serves as General Partner and for which Basswood Capital 
Management, LLC serves as Investment Manager (Basswood Enhanced Long 
Short Fund, LP); funds for which Basswood Capital Management, LLC 
serves as Investment Manager (Basswood Opportunity Fund, Inc.; Basswood 
Financial Fund, Inc.; BCM Select Equity I Master, Ltd.; Main Street 
Master, Ltd.); and Basswood Capital Management, LLC as investment 
adviser to two managed accounts; to collectively voting shares of 
Suffolk Bancorp, and thereby indirectly acquire voting shares of 
Suffolk County National Bank, both in Riverhead, New York.

    Board of Governors of the Federal Reserve System, April 20, 
2016.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2016-09498 Filed 4-22-16; 8:45 am]
 BILLING CODE 6210-01-P