Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies, 36306-36307 [2016-13187]
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36306
Federal Register / Vol. 81, No. 108 / Monday, June 6, 2016 / Notices
General Description: Among other
things, the Federal Deposit Insurance
Act (FDIA) sets forth the duties and
responsibilities of the FDIC in providing
for and maintaining a system of deposit
insurance for the nation’s insured
depository institutions and in resolving
troubled insured depository institutions
in a manner that presents the least cost
to the Deposit Insurance Fund. Section
6 of the FDIA sets forth a number of
factors to be considered before an
institution is permitted by the FDIC to
obtain federal deposit insurance. Among
these factors are the financial history of
the institution; the adequacy of the
institution’s capital structure; the
further earnings prospects; the
convenience and needs of the
community; the institution’s corporate
powers, and, not insignificantly, the risk
presented to the Deposit Insurance
Fund. (Similarly, provisions of the
Change in Bank Control Act, found in
section 7 of the FDIA, permit the FDIC—
or another appropriate federal banking
agency—to refuse to permit a proposed
change in bank control if the proposed
transaction would result in an adverse
effect on the Deposit Insurance Fund.)
Section 8 of the FDIA authorizes the
FDIC to assess the safety and soundness
of the practices, operations, and
conditions of insured depository
institutions, and permits the FDIC to
terminate deposit insurance or to take
other appropriate actions if the
institution operates in an unsafe and
unsound manner. Finally, section 13 of
the FDIA authorizes the FDIC to resolve
troubled insured depository institutions
and to dispose of the assets of such
institutions using the method that is
least costly to the Deposit Insurance
Fund, maximizes the return from the
sale of such assets, and minimizes any
loss to the Deposit Insurance Fund.
The FDIC’s policy statement on
Qualifications for Failed Bank
Acquisitions provides guidance to
private capital investors interested in
acquiring or investing in failed insured
depository institutions regarding the
terms and conditions for such
investments or acquisitions. The
information collected pursuant to the
policy statement allows the FDIC to
evaluate, among other things, whether
such investors (and their related
interests) could negatively impact the
Deposit Insurance Fund, increase
resolution costs, or operate in a manner
that conflict with statutory safety and
soundness principles and compliance
requirements.
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collection,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
All comments will become a matter of
public record.
Dated at Washington, DC, this 1st day of
June, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–13235 Filed 6–3–16; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice of Termination; 10287, Bank of
Ellijay, Ellijay, Georgia
The Federal Deposit Insurance
Corporation (FDIC), as Receiver for
10287, Bank of Ellijay, Ellijay, Georgia
(Receiver) has been authorized to take
all actions necessary to terminate the
receivership estate of Bank of Ellijay
(Receivership Estate); The Receiver has
made all dividend distributions
required by law.
The Receiver has further irrevocably
authorized and appointed FDICCorporate as its attorney-in-fact to
execute and file any and all documents
that may be required to be executed by
the Receiver which FDIC-Corporate, in
its sole discretion, deems necessary;
including but not limited to releases,
discharges, satisfactions, endorsements,
assignments and deeds. Effective June
01, 2016 the Receivership Estate has
been terminated, the Receiver
discharged, and the Receivership Estate
has ceased to exist as a legal entity.
Date: June 1, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–13242 Filed 6–3–16; 8:45 am]
BILLING CODE 6714–01–P
Request for Comment
Comments are invited on: (a) Whether
the collection of information is
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FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice to All Interested Parties of the
Termination of the Receivership of
10159, Valley Capital Bank, Mesa,
Arizona
Notice is hereby given that the Federal
Deposit Insurance Corporation (‘‘FDIC’’)
as Receiver for Valley Capital Bank,
Mesa, Arizona (‘‘the Receiver’’) intends
to terminate its receivership for said
institution. The FDIC was appointed
receiver of Valley Capital Bank on
December 11, 2009. The liquidation of
the receivership assets has been
completed. To the extent permitted by
available funds and in accordance with
law, the Receiver will be making a final
dividend payment to proven creditors.
Based upon the foregoing, the
Receiver has determined that the
continued existence of the receivership
will serve no useful purpose.
Consequently, notice is given that the
receivership shall be terminated, to be
effective no sooner than thirty days after
the date of this Notice. If any person
wishes to comment concerning the
termination of the receivership, such
comment must be made in writing and
sent within thirty days of the date of
this Notice to: Federal Deposit
Insurance Corporation, Division of
Resolutions and Receiverships,
Attention: Receivership Oversight
Department 34.6, 1601 Bryan Street,
Dallas, TX 75201.
No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.
Dated: June 1, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–13234 Filed 6–3–16; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Savings and Loan Holding
Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Home Owners’ Loan Act
(12 U.S.C. 1461 et seq.) (HOLA),
Regulation LL (12 CFR part 238), and
Regulation MM (12 CFR part 239), and
all other applicable statutes and
regulations to become a savings and
loan holding company and/or to acquire
the assets or the ownership of, control
of, or the power to vote shares of a
savings association and nonbanking
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Federal Register / Vol. 81, No. 108 / Monday, June 6, 2016 / Notices
companies owned by the savings and
loan 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 application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the
HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 June 30, 2016.
A. Federal Reserve Bank of
Minneapolis (Jacquelyn K. Brunmeier,
Assistant Vice President) 90 Hennepin
Avenue, Minneapolis, Minnesota
55480–0291.
1. TCB Mutual Holding Company,
Tomahawk, Wisconsin, and its wholly
owned savings and loan holding
company subsidiary, TCB Financial,
Inc., Tomahawk, Wisconsin, to
indirectly acquire Merrill Federal
Savings & Loan Association, Merrill,
Wisconsin, a mutual institution,
through the merger of Merrill Federal
Savings & Loan Association with and
into Tomahawk Community Bank
S.S.B., Tomahawk, Wisconsin, a wholly
owned subsidiary of TCB Mutual
Holding Company and TCB Financial,
Inc.
Board of Governors of the Federal Reserve
System, May 31, 2016.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2016–13187 Filed 6–3–16; 8:45 am]
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BILLING CODE 6210–01–P
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DEPARTMENT OF DEFENSE
GENERAL SERVICES
ADMINISTRATION
NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
[OMB Control No. 9000–0088; Docket 2016–
0053; Sequence 15]
Submission for OMB Review; Travel
Costs
Department of Defense (DOD),
General Services Administration (GSA),
and National Aeronautics and Space
Administration (NASA).
ACTION: Notice of request for comments
regarding an extension of a previously
existing OMB clearance.
AGENCY:
Under the provisions of the
Paperwork Reduction Act, the
Regulatory Secretariat Division will be
submitting to the Office of Management
and Budget (OMB) a request to review
and approve an extension of a
previously approved information
collection requirement concerning
Travel Costs.
DATES: Submit comments on or before
July 6, 2016.
ADDRESSES: Submit comments regarding
this burden estimate or any other aspect
of this collection of information,
including suggestions for reducing this
burden to: Office of Information and
Regulatory Affairs of OMB, Attention:
Desk Officer for GSA, Room 10236,
NEOB, Washington, DC 20503.
Additionally submit a copy to GSA by
any of the following methods:
• Regulations.gov: https://
www.regulations.gov. Submit comments
via the Federal eRulemaking portal by
searching the OMB control number.
Select the link ‘‘Submit a Comment’’
that corresponds with ‘‘Information
Collection 9000–0088, Travel Costs.’’
Follow the instructions provided at the
‘‘Submit a Comment’’ screen. Please
include your name, company name (if
any), and ‘‘Information Collection 9000–
0088, Travel Costs’’ on your attached
document.
• Mail: General Services
Administration, Regulatory Secretariat
Division (MVCB), 1800 F Street NW.,
Washington, DC 20405. ATTN: Ms.
Flowers/IC 9000–0088, Travel Costs.
Instructions: Please submit comments
only and cite Information Collection
9000–0088, Travel Costs, in all
correspondence related to this
collection. Comments received generally
will be posted without change to https://
www.regulations.gov, including any
personal and/or business confidential
information provided. To confirm
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36307
receipt of your comment(s), please
check www.regulations.gov,
approximately two to three days after
submission to verify posting (except
allow 30 days for posting of comments
submitted by mail).
FOR FURTHER INFORMATION CONTACT: Ms.
Kathlyn Hopkins, Procurement Analyst,
Office of Acquisition Policy, GSA, 202–
969–7226 or via email at
kathlyn.hopkins@gsa.gov.
A. Purpose
FAR 31.205–46, Travel Costs, requires
that, except in extraordinary and
temporary situations, costs incurred by
a contractor for lodging, meals, and
incidental expenses shall be considered
to be reasonable and allowable only to
the extent that they do not exceed on a
daily basis the per diem rates in effect
as of the time of travel.
These requirements are set forth in
the Federal Travel Regulation for travel
in the conterminous 48 United States; in
the Joint Travel Regulation for travel in
Alaska, Hawaii, the Commonwealth of
Puerto Rico, and territories and
possessions of the United States; and in
the Department of State Standardized
Regulations, section 925, ‘‘Maximum
Travel Per Diem Allowances for Foreign
Areas.’’ The burden generated by this
coverage is in the form of the contractor
preparing a justification whenever a
higher actual expense reimbursement
method is used. A notice was published
in the Federal Register at 81 FR 13368
on March 14, 2016.
B. Discussion and Analysis
One respondent submitted public
comments on the extension of the
previously approved information
collection.
Comment on the policy: The
respondent expressed support for the
requirement that Federal contractors
justify any methods that result in
reimbursements exceeding the per diem
rates. The respondent stated that FAR
31.205 applies the same standard to
Federal employees; the burden is fairly
imposed upon contractors.
Response: The Government
appreciates and acknowledges the
comment.
Public comments are particularly
invited on: Whether this collection of
information is necessary for the proper
performance of functions of the FAR,
and whether it will have practical
utility; whether our estimate of the
public burden of this collection of
information is accurate, and based on
valid assumptions and methodology;
ways to enhance the quality, utility, and
clarity of the information to be
collected; and ways in which we can
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Agencies
[Federal Register Volume 81, Number 108 (Monday, June 6, 2016)]
[Notices]
[Pages 36306-36307]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13187]
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Savings and Loan
Holding Companies
The companies listed in this notice have applied to the Board for
approval, pursuant to the Home Owners' Loan Act (12 U.S.C. 1461 et
seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12
CFR part 239), and all other applicable statutes and regulations to
become a savings and loan holding company and/or to acquire the assets
or the ownership of, control of, or the power to vote shares of a
savings association and nonbanking
[[Page 36307]]
companies owned by the savings and loan 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 application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 June 30, 2016.
A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier,
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota
55480-0291.
1. TCB Mutual Holding Company, Tomahawk, Wisconsin, and its wholly
owned savings and loan holding company subsidiary, TCB Financial, Inc.,
Tomahawk, Wisconsin, to indirectly acquire Merrill Federal Savings &
Loan Association, Merrill, Wisconsin, a mutual institution, through the
merger of Merrill Federal Savings & Loan Association with and into
Tomahawk Community Bank S.S.B., Tomahawk, Wisconsin, a wholly owned
subsidiary of TCB Mutual Holding Company and TCB Financial, Inc.
Board of Governors of the Federal Reserve System, May 31, 2016.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2016-13187 Filed 6-3-16; 8:45 am]
BILLING CODE 6210-01-P