Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 45289 [2016-16453]

Download as PDF jstallworth on DSK7TPTVN1PROD with NOTICES Federal Register / Vol. 81, No. 134 / Wednesday, July 13, 2016 / Notices Consolidated liabilities of a U.S. financial company not subject to consolidated risk-based capital rules as of December 31 of the year being measured, equal liabilities calculated in accordance with applicable accounting standards. For the year ending on December 31, 2015, companies in this category include nonbank financial companies supervised by the Board, bank holding companies and savings and loan holding companies subject to the Federal Reserve’s Small Bank Holding Company Policy Statement, savings and loan holding companies substantially engaged in insurance underwriting or commercial activities, and U.S. companies that control depository institutions but are not bank holding companies or savings and loan holding companies. ‘‘Applicable accounting standards’’ is defined as GAAP, or such other accounting standard or method of estimation that the Board determines is appropriate.3 The Federal Reserve used information collected on the FR Y–9C, the Parent Company Only Financial Statements for Small Holding Companies (FR Y–9SP), and the Financial Company Report of Consolidated Liabilities (FR XX–1) to calculate liabilities of these institutions. Section 622 provides that the U.S. liabilities of a ‘‘foreign financial company’’ equal the risk-weighted assets and regulatory capital attributable to the company’s ‘‘U.S. operations.’’ Under Regulation XX, liabilities of a foreign banking organization’s U.S. operations are calculated using the riskweighted asset methodology for subsidiaries subject to risk-based capital rules, plus the assets of all branches, agencies, and nonbank subsidiaries, calculated in accordance with applicable accounting standards. Liabilities attributable to the U.S. operations of a foreign financial company that is not a foreign banking organization are calculated in a similar manner to the method described for foreign banking organizations, but liabilities of a U.S. subsidiary not subject to risk-based capital rules are calculated based on the U.S. subsidiary’s liabilities under applicable accounting standards. The Federal Reserve used information collected on the Capital and Asset Report for Foreign Banking Organizations (FR Y–7Q) and the FR XX–1 to calculate liabilities of these institutions. 3 A financial company may request to use an accounting standard or method of estimation other than GAAP if it does not calculate its total consolidated assets or liabilities under GAAP for any regulatory purpose (including compliance with applicable securities laws). 12 CFR 251.3(e). VerDate Sep<11>2014 15:08 Jul 12, 2016 Jkt 238001 The Board granted requests from three financial companies to use an accounting standard or method of estimation other than GAAP to calculate liabilities. All three companies were insurance companies that report financial information under Statutory Accounting Principles (‘‘SAP’’). The Board approved methods of estimation for these companies that were based on line items from SAP reports, with adjustments to reflect certain differences in accounting treatment between GAAP and SAP. By order of the Board of Governors of the Federal Reserve System, acting through the Director of the Division Banking, Supervision and Regulation under delegated authority, June 28, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016–16529 Filed 7–12–16; 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 July 28, 2016. A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior Manager) P.O. Box 442, St. Louis, Missouri 63166–2034. Comments can also be sent electronically to Comments.applications@stls.frb.org: 1. Janive Blanchard, Russellville, Arkansas, as trustee of the Blanchard Living Trust; Charles Bowen Blanchard, Russellville, Arkansas; Charles H. Blanchard, Russellville, Arkansas; Cynthia Blanchard, Russellville, Arkansas, individually and as co-trustee of the William H. Bowen Share No. 2 Trust, the William H. Bowen Exempt Share No. 1 QTIP Trust, and the William H. Bowen Nonexempt Share No. 1 QTIP Trust; Mary P. Hardman, PO 00000 Frm 00016 Fmt 4703 Sfmt 4703 45289 Fayetteville, Arkansas, individually and as co-trustee of the William H. Bowen Share No. 2 Trust, the William H. Bowen Exempt Share No. 1 QTIP Trust, and the William H. Bowen Nonexempt Share No. 1 QTIP Trust; and W. Scott Bowen, as co-trustee of the William H. Bowen Share No. 2 Trust, the William H. Bowen Exempt Share No. 1 QTIP Trust, and the William H. Bowen Nonexempt Share No. 1 QTIP Trust, to acquire voting shares of First State Banking Corporation, Russellville, Arkansas, and thereby acquire First State Bank, Russellville, Arkansas. 2. James Troy ‘‘J.T.’’ Compton, Mountain View, Arkansas; Charles Kevin Compton, Little Rock, Arkansas; Kris David Compton, Hendersonville, North Carolina; James Kent ‘‘Ken’’ Compton, Conway, Arkansas, each as a general partner and limited partner of the Compton Stone Quarry Family Limited Partnership, LLLP, and as members of the Compton family control group that also includes Lauren Ashley Compton, Niva Compton Lancaster, Springfield, Missouri, as trustee of the Niva Compton Lancaster GST Exempt Trust, Niva Compton Lancaster as trustee of the Niva Lancaster Revocable Living Trust, Charles Daniels and Sonya Daniels, both of Navarre, Florida, as cotrustees of the Daniels Family Trust Dated 7/12/2006, Sonya Daniels as trustee of the Douglas Lancaster Trust and Charles Kevin Compton as trustee of the Kevin Compton Revocable Trust, to acquire voting shares of Stone Bancshares, Inc., of Mountain View, Arkansas, and thereby acquire Stone Bank, Mountain View, Arkansas. Board of Governors of the Federal Reserve System, July 7, 2016. Margaret Shanks, Deputy Secretary of the Board. [FR Doc. 2016–16453 Filed 7–12–16; 8:45 am] BILLING CODE 6210–01–P GENERAL SERVICES ADMINISTRATION [Notice–MZ–2016–01; Docket No. 2016– 0002; Sequence No. 18] Notice of Public Meeting Concerning the Unified Shared Services Management Office, Update on the Federal Shared Services Ecosystem Unified Shared Services Management Office, Office of Government-wide Policy (OGP), General Services Administration (GSA). ACTION: Meeting notice. AGENCY: This meeting is intended to provide industry partners with an SUMMARY: E:\FR\FM\13JYN1.SGM 13JYN1

Agencies

[Federal Register Volume 81, Number 134 (Wednesday, July 13, 2016)]
[Notices]
[Page 45289]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16453]


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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 July 28, 2016.
    A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior 
Manager) P.O. Box 442, St. Louis, Missouri 63166-2034. Comments can 
also be sent electronically to Comments.applications@stls.frb.org:
    1. Janive Blanchard, Russellville, Arkansas, as trustee of the 
Blanchard Living Trust; Charles Bowen Blanchard, Russellville, 
Arkansas; Charles H. Blanchard, Russellville, Arkansas; Cynthia 
Blanchard, Russellville, Arkansas, individually and as co-trustee of 
the William H. Bowen Share No. 2 Trust, the William H. Bowen Exempt 
Share No. 1 QTIP Trust, and the William H. Bowen Nonexempt Share No. 1 
QTIP Trust; Mary P. Hardman, Fayetteville, Arkansas, individually and 
as co-trustee of the William H. Bowen Share No. 2 Trust, the William H. 
Bowen Exempt Share No. 1 QTIP Trust, and the William H. Bowen Nonexempt 
Share No. 1 QTIP Trust; and W. Scott Bowen, as co-trustee of the 
William H. Bowen Share No. 2 Trust, the William H. Bowen Exempt Share 
No. 1 QTIP Trust, and the William H. Bowen Nonexempt Share No. 1 QTIP 
Trust, to acquire voting shares of First State Banking Corporation, 
Russellville, Arkansas, and thereby acquire First State Bank, 
Russellville, Arkansas.
    2. James Troy ``J.T.'' Compton, Mountain View, Arkansas; Charles 
Kevin Compton, Little Rock, Arkansas; Kris David Compton, 
Hendersonville, North Carolina; James Kent ``Ken'' Compton, Conway, 
Arkansas, each as a general partner and limited partner of the Compton 
Stone Quarry Family Limited Partnership, LLLP, and as members of the 
Compton family control group that also includes Lauren Ashley Compton, 
Niva Compton Lancaster, Springfield, Missouri, as trustee of the Niva 
Compton Lancaster GST Exempt Trust, Niva Compton Lancaster as trustee 
of the Niva Lancaster Revocable Living Trust, Charles Daniels and Sonya 
Daniels, both of Navarre, Florida, as co-trustees of the Daniels Family 
Trust Dated 7/12/2006, Sonya Daniels as trustee of the Douglas 
Lancaster Trust and Charles Kevin Compton as trustee of the Kevin 
Compton Revocable Trust, to acquire voting shares of Stone Bancshares, 
Inc., of Mountain View, Arkansas, and thereby acquire Stone Bank, 
Mountain View, Arkansas.

    Board of Governors of the Federal Reserve System, July 7, 2016.
Margaret Shanks,
Deputy Secretary of the Board.
[FR Doc. 2016-16453 Filed 7-12-16; 8:45 am]
 BILLING CODE 6210-01-P