Notice of Termination; 10243 Bank of Florida-Tampa Bay; Tampa, Florida, 39046-39047 [2016-14066]

Download as PDF 39046 Federal Register / Vol. 81, No. 115 / Wednesday, June 15, 2016 / Notices performed by a certified or licensed appraiser who must conduct a physical property visit of the interior of the property. At application, the applicant must be provided with a statement regarding the purpose of the appraisal; a notice that that the creditor will provide the applicant a copy of any written appraisal; and notice that that the applicant may choose to have a separate appraisal conducted at the expense of the applicant. The creditor must also provide the consumer with a free copy of any written appraisals obtained for the transaction at least three business days before closing. The rule also requires a higher-risk mortgage loan creditor to obtain an additional written appraisal, from a different licensed or certified appraiser, at no cost to the borrower, if: The higher-risk mortgage loan will finance the acquisition of the consumer’s principal dwelling; the seller acquired the home within 180 days of signing the agreement to sell the property; and the consumer is purchasing the home for a higher price than the seller paid. The additional written appraisal generally must include the following information: (1) An analysis of the difference in sale prices (i.e., the sale price paid by the seller and the acquisition price of the property as set forth in the consumer’s purchase agreement); (2) changes in market conditions; and (3) any improvements made to the property between the date of the previous sale and the current sale. Number of respondents Implementation Burden: Recordkeeping burden ............................................................................. The information collection requirements are needed to protect consumers and promote the safety and soundness of creditors making higherrisk mortgage loans. This information is used by creditors to evaluate real estate collateral in higher-risk mortgage loan transactions and by consumers entering these transactions. 4. Title: Interagency Guidance on Leveraged Lending. OMB Number: 3064–0191. Affected Public: Insured state nonmember banks and state savings associations. Estimated Number of Respondents: 10. Frequency of Response: Occasionally. Burden Estimate: Estimated annual frequency Estimated average hours per response Estimated total annual burden hours 1 986.7 986.7 Total Implementation Burden ............................................................ Ongoing Burden: Recordkeeping burden ............................................................................. ........................ ........................ ........................ 986.7 9 1 529.3 4,763.7 Total Ongoing Burden ....................................................................... ........................ ........................ ........................ 4,763.7 Total PRA Burden ...................................................................... ehiers on DSK5VPTVN1PROD with NOTICES 1 ........................ ........................ ........................ 5,750.4 General Description: The Guidance describes expectations for the sound risk management of leveraged lending activities, including the importance for institutions to develop and maintain: (a) Transactions structured to reflect a sound business premise, an appropriate capital structure, and reasonable cash flow and balance sheet leverage; (b) A definition of leveraged lending that facilitates consistent application across all business lines; (c) Well-defined underwriting standards; (d) a credit limit and concentration framework consistent with the institution’s risk appetite; (e) Sound MIS that enable management to identify, aggregate, and monitor leveraged exposures and comply with policy across all business lines; (f) strong pipeline management policies and procedures; and (g) guidelines for conducting periodic portfolio and pipeline stress tests to quantify the potential impact of economic and market conditions on the institution’s asset quality, earnings, liquidity, and capital. The guidance outlines high-level principles related to safe and sound leveraged lending activities, including underwriting considerations, assessing and documenting enterprise value, risk management expectations for credits VerDate Sep<11>2014 15:15 Jun 14, 2016 Jkt 238001 awaiting distribution, stress testing expectations and portfolio management, and risk management expectations, all of which will be reviewed during supervisory examinations to assess how well the financial institution is managing its risk. Banks will not be submitting documentation to the FDIC. Rather, FDIC examiners will review this documentation during examinations to assess a bank’s management of its risk. Request for Comment Comments are invited on: (a) Whether the collection of information is 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 10th day of June 2016. PO 00000 Frm 00026 Fmt 4703 Sfmt 4703 Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2016–14120 Filed 6–14–16; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Termination; 10243 Bank of Florida—Tampa Bay; Tampa, Florida The Federal Deposit Insurance Corporation (FDIC), as Receiver for 10243 Bank of Florida—Tampa Bay, Tampa, Florida (Receiver) has been authorized to take all actions necessary to terminate the receivership estate of Bank of Florida—Tampa Bay (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. E:\FR\FM\15JNN1.SGM 15JNN1 Federal Register / Vol. 81, No. 115 / Wednesday, June 15, 2016 / Notices Effective June 1, 2016, the Receivership Estate has been terminated, the Receiver discharged, and the Receivership Estate has ceased to exist as a legal entity. Dated: June 9, 2016. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2016–14066 Filed 6–14–16; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Termination; 10241 Bank of Florida—Southeast, Ft. Lauderdale, Florida The Federal Deposit Insurance Corporation (FDIC), as Receiver for 10241 Bank of Florida—Southeast, Ft. Lauderdale, Florida (Receiver) has been authorized to take all actions necessary to terminate the receivership estate of Bank of Florida—Southeast (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 1, 2016, the Receivership Estate has been terminated, the Receiver discharged, and the Receivership Estate has ceased to exist as a legal entity. Dated: June 9, 2016. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2016–14065 Filed 6–14–16; 8:45 am] BILLING CODE 6714–01–P FEDERAL MARITIME COMMISSION ehiers on DSK5VPTVN1PROD with NOTICES Notice of Agreements Filed The Commission hereby gives notice of the filing of the following agreements under the Shipping Act of 1984. Interested parties may submit comments on the agreements to the Secretary, Federal Maritime Commission, Washington, DC 20573, within twelve days of the date this notice appears in the Federal Register. Copies of the agreements are available through the Commission’s Web site (www.fmc.gov) VerDate Sep<11>2014 15:15 Jun 14, 2016 Jkt 238001 or by contacting the Office of Agreements at (202) 523–5793 or tradeanalysis@fmc.gov. Agreement No.: 011117–055. Title: United States/Australasia Discussion Agreement. Parties: ANL Singapore Pte Ltd.; ¨ CMA–CGM.; Hamburg-Sud; and Mediterranean Shipping Company S.A. Filing Party: Wayne R. Rohde, Esq.; Cozen O’Connor; 1627 I Street NW., Suite 1100; Washington, DC 20006– 4007. Synopsis: The amendment reflects the resignations of Compagnie Maritime Marfret S.A. and Hapag-Lloyd A.G., effective June 6, 2016 and June 11, 2016, respectively. Agreement No.: 012417. Title: CMA CGM/APL West MedUSEC Space Charter Agreement. Parties: CMA CGM S.A.; APL Co. Pte Ltd; American President Lines, Ltd. Filing Party: Draughn B. Arbona, Esq; CMA CGM (America) LLC; 5701 Lake Wright Drive; Norfolk, VA 23502. Synopsis: The agreement authorizes CMA CGM to charter space to APL in the trade between the U.S. East Coast on the one hand, and Italy, France, and Spain on the other hand. By Order of the Federal Maritime Commission. Dated: June 10, 2016. Rachel E. Dickon, Secretary. [FR Doc. 2016–14153 Filed 6–14–16; 8:45 am] BILLING CODE 6731–AA–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 June 29, 2016. A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice PO 00000 Frm 00027 Fmt 4703 Sfmt 4703 39047 President) 1000 Peachtree Street NE., Atlanta, Georgia 30309. Comments can also be sent electronically to Applications.Comments@atl.frb.org: 1. James E. Mulkin, James E. Mulkin, Jr., Joel W. Mulkin, Frances D. Mulkin, Jonathan P. Mulkin, and Joan H. Mulkin, all of Bessemer, Alabama; to acquire an additional 2.74 percent of the outstanding shares of FirstFed Bancorp, Inc., and thereby indirectly acquire shares of First Financial Bank, both in Bessemer, Alabama. Board of Governors of the Federal Reserve System, June 9, 2016. Margaret M. Shanks, Deputy Secretary of the Board. [FR Doc. 2016–14089 Filed 6–14–16; 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 July 8, 2016. A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice President) 1000 Peachtree Street NE., Atlanta, Georgia 30309. Comments can also be sent electronically to Applications.Comments@atl.frb.org: E:\FR\FM\15JNN1.SGM 15JNN1

Agencies

[Federal Register Volume 81, Number 115 (Wednesday, June 15, 2016)]
[Notices]
[Pages 39046-39047]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-14066]


-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Notice of Termination; 10243 Bank of Florida--Tampa Bay; Tampa, 
Florida

    The Federal Deposit Insurance Corporation (FDIC), as Receiver for 
10243 Bank of Florida--Tampa Bay, Tampa, Florida (Receiver) has been 
authorized to take all actions necessary to terminate the receivership 
estate of Bank of Florida--Tampa Bay (Receivership Estate); the 
Receiver has made all dividend distributions required by law.
    The Receiver has further irrevocably authorized and appointed FDIC-
Corporate 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.

[[Page 39047]]

    Effective June 1, 2016, the Receivership Estate has been 
terminated, the Receiver discharged, and the Receivership Estate has 
ceased to exist as a legal entity.

    Dated: June 9, 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-14066 Filed 6-14-16; 8:45 am]
 BILLING CODE 6714-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.