Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 87560-87561 [2016-29092]

Download as PDF 87560 Federal Register / Vol. 81, No. 233 / Monday, December 5, 2016 / Notices Shelley E. Garr, Deputy Secretary of the Commission. [FR Doc. 2016–29267 Filed 12–1–16; 4:15 pm] 1. First Boston Holdings, Inc., Boston, Massachusetts; to become a savings and loan holding company by acquiring all of the voting stock of Admirals Bank, Boston, Massachusetts. Board of Governors of the Federal Reserve System, November 30, 2016. Yao-Chin Chao, Assistant Secretary of the Board. Board of Governors of the Federal Reserve System, November 30, 2016. Yao-Chin Chao, Assistant Secretary of the Board. BILLING CODE 6210–01–P [FR Doc. 2016–29094 Filed 12–2–16; 8:45 am] language interpretation or other reasonable accommodations, should contact Shelley E. Garr, Deputy Secretary, at (202) 694–1040, at least 72 hours prior to the meeting date. PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company BILLING CODE 6210–01–P BILLING CODE 6715–01–P FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM sradovich on DSK3GMQ082PROD with NOTICES 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 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 December 30, 2016. A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Senior Vice President) 600 Atlantic Avenue, Boston, Massachusetts 02210–2204. Comments can also be sent electronically to BOS.SRC.Applications.Comments@ bos.frb.org: VerDate Sep<11>2014 19:12 Dec 02, 2016 Jkt 241001 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 December 30, 2016. A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Sargent Bankshares, Inc., Forman, North Dakota; to acquire 100 percent of First National Bank, Milnor, North Dakota. PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 [FR Doc. 2016–29091 Filed 12–2–16; 8:45 am] FEDERAL RESERVE SYSTEM 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 December 19, 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: 1. Moi M. Monroe and Ida M. Monroe Trust (Moi M Monroe III, Waycross, Georgia, William Joseph Monroe, Jr., Savannah, Georgia, Hannah Hopkins Franklin, Knoxville, Tennessee, Synovus Bank, Columbus Georgia, trustees), Moi M. Monroe III, Waycross, Georgia, Martha M Veon, Muskatine, Iowa, Cheryl B Monroe, Waycross, Georgia, Ann M. Hammond, Atlanta, Georgia, Ellen Monroe Colberg, Mount Holly, North Carolina, Emily Monroe Pridgen, Rincon, Georgia, The William & Elizabeth Hickam Living Trust (William Hickam, Centennial, Colorado, and Elizabeth Hickam, Centennial, Colorado, trustees), Elizabeth Monroe Grantham, Nicholls, Georgia, Mr. and Mrs. David Bolton, Snellville, Georgia, Walter Hopkins, Amelia Island, Florida, Carolyn Hopkins, Amelia Island, Florida, Mary Hopkins Bailey, Knoxville, Tennessee, William Joseph Monroe, Jr., Savannah, Georgia, Patricia M. Monroe, Waycross, Georgia, Mary Helen Monroe, Fernandina Beach, Florida, Patricia Monroe Fievet, High Point, North Carolina, Ivy S Monroe, Savannah, Georgia, Caroline Jordan Monroe, Savannah, Georgia, William Joseph Monroe, III, Savannah, Georgia, J. E. Stewart Jr, Waycross, Georgia, Edwina J Stewart, Waycross, Georgia, J. E. Stewart III, Waycross, Georgia, James E. Stewart IV, Waycross, Georgia, John T Stewart, Waycross, E:\FR\FM\05DEN1.SGM 05DEN1 Federal Register / Vol. 81, No. 233 / Monday, December 5, 2016 / Notices Georgia, Joseph Cook Stewart, Waycross, Georgia, Amy Fletcher, Waycross, Georgia, Mary Stewart Weir, Waycross, Georgia, Sara Stewart Cotton, Atlanta, Georgia, Steven Collins Cotton, Jr., Atlanta, Georgia, Claire Morgan Cotton, Atlanta, Georgia, Sam G. Stewart, Waycross, Georgia, Samuel Gaskin Stewart Jr., Waycross, Georgia, Caroline Devane Stewart, Waycross, Georgia, Deen J. Stewart, Waycross, Georgia, Deen Jordan Stewart Jr., Waycross, Georgia, and Courtney Nicole Stewart, Waycross, Georgia; to acquire as a group voting shares of WB & T Bankshares Inc., Waycross, Georgia, and thereby own shares of Waycross Bank & Trust in Waycross, Georgia, Guardian Bank, Valdosta, Georgia, and South Coast Bank & Trust, Brunswick, Georgia. Board of Governors of the Federal Reserve System, November 30, 2016. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2016–29092 Filed 12–2–16; 8:45 am] BILLING CODE 6210–01–P FEDERAL TRADE COMMISSION Agency Information Collection Activities; Submission for OMB Review; Comment Request Federal Trade Commission (‘‘FTC’’). ACTION: Notice and request for comment. AGENCY: In compliance with the Paperwork Reduction Act (PRA) of 1995, the FTC is seeking public comments on its request to OMB for a three-year extension of the current PRA clearance for the FTC’s portion of the information collection requirements contained in the Consumer Financial Protection Bureau’s Regulation N (the Mortgage Acts and Practices— Advertising Rule). The FTC shares enforcement of Regulation N with the Consumer Financial Protection Bureau (‘‘CFPB’’). This clearance expires on December 31, 2016. DATES: Comments must be received by January 4, 2017. ADDRESSES: Interested parties may file a comment online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Write ‘‘Regulation N: FTC File No. P134811; K05’’ on your comment, and file your comment online at https:// ftcpublic.commentworks.com/ftc/ regulationnpra2 by following the instructions on the Web-based form. If you prefer to file your comment on paper, mail or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW., Suite CC–5610 (Annex J), Washington, DC sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:12 Dec 02, 2016 Jkt 241001 20580, or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Constitution Center, 400 7th Street SW., 5th Floor, Suite 5610 (Annex J), Washington, DC 20024. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the proposed information requirements should be addressed to Carole L. Reynolds, Attorney, Division of Financial Practices, Bureau of Consumer Protection, Federal Trade Commission, 600 Pennsylvania Avenue NW., Washington, DC 20580, (202) 326– 3230. SUPPLEMENTARY INFORMATION: Title: Mortgage Acts and Practices— Advertising (Regulation N), 12 CFR 1014. OMB Control Number: 3084–0156. Type of Review: Extension of a currently approved collection. Abstract: The FTC’s Mortgage Acts and Practices—Advertising Rule, 16 CFR 321, was issued by the FTC on July 19, 2011, at www.ftc.gov, published in the Federal Register, 76 FR 43845, and became effective on August 19, 2011. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) 1 substantially changed the federal legal framework for financial services providers. Among the changes, the Dodd-Frank Act transferred to the Consumer Financial Protection Bureau (CFPB) the Commission’s rulemaking authority under section 626 of the 2009 Omnibus Appropriations Act on July 21, 2011. As a result, the CFPB republished the Mortgage Acts and Practices—Advertising Rule, at 12 CFR 1014, which became effective December 30, 2011. 76 FR 78130. Thereafter, the Commission rescinded its Rule on, and effective, April 13, 2012. 77 FR 22200. Under the DoddFrank Act, the FTC retains its authority to bring law enforcement actions to enforce Regulation N.2 The FTC and the CFPB share enforcement authority for Regulation N and thus the two agencies share burden estimates 3 for Regulation N. Regulation N’s recordkeeping requirements constitute a ‘‘collection of 1 Public Law 111–203, 124 Stat. 1376 (2010). Commission also retained its authority to enforce the Mortgage Acts and Practices— Advertising Rule from the Rule’s issuance in July 2011 until the CFPB’s republished rule, Regulation N, became effective on December 30, 2011. 3 The CFPB clearance for their information collections associated with Regulation N was approved by the OMB on September 30, 2015 (OMB Control Number 3170–0009) through September 30, 2018. 2 The PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 87561 information’’ 4 for purposes of the PRA.5 The Rule does not impose a disclosure requirement. Regulation N requires covered persons to retain: (1) Copies of materially different commercial communications and related materials, regarding any term of any mortgage credit product, that the person made or disseminated during the relevant time period; (2) documents describing or evidencing all mortgage credit products available to consumers during the relevant time period; and (3) documents describing or evidencing all additional products or services (such as credit insurance or credit disability insurance) that are or may be offered or provided with the mortgage credit products available to consumers during the relevant time period. A failure to keep such records would be an independent violation of the Rule. Commission staff believes these recordkeeping requirements pertain to records that are usual and customary and kept in the ordinary course of business for many covered persons, such as mortgage brokers, lenders, and servicers; real estate brokers and agents; home builders, and advertising agencies.6 As to these persons, the retention of these documents does not constitute a ‘‘collection of information,’’ as defined by OMB’s regulations that implement the PRA.7 Certain other covered persons such as lead generators and rate aggregators may not currently maintain these records in the ordinary course of business.8 Thus, the 4 Section 1014.5 of the Rule sets forth the recordkeeping requirements. 5 See 44 U.S.C. 3502(3)(A). 6 Some covered persons, particularly mortgage brokers and lenders, are subject to state recordkeeping requirements for mortgage advertisements. See, e.g., Fla. Stat. 494.00165 (2016); Ind. Code Ann. 23–2–5–18 (2016); Kan. Stat. Ann. 9–2208 (2015); Minn. Stat. 58.14 (2015); Wash. Rev. Code 19.146.060 (2015). Many mortgage brokers, lenders (including finance companies), and servicers are subject to state recordkeeping requirements for mortgage transactions and related documents, and these may include descriptions of mortgage credit products. See, e.g., Mich. Comp. Laws Serv. 445.1671 (2016); N.Y. Banking Law 597 (Consol. 2015); Tenn. Code Ann. 45–13–206 (2015). Lenders and mortgagees approved by the Federal Housing Administration must retain copies of all print and electronic advertisements and promotional materials for a period of two years from the date the materials are circulated or used to advertise. See 24 CFR 202. Various other entities, such as real estate brokers and agents, home builders, and advertising agencies can be indirectly covered by state recordkeeping requirements for mortgage advertisements and/or retain ads to demonstrate compliance with state law. See, e.g., 76 Del. Laws, c. 421, § 1. 7 See 44 U.S.C. 3502(3)(A); 5 CFR 1320.3(b)(2). 8 See, e.g., United States v. Intermundo Media, LLC, dba Delta Prime Refinance, No. 1:14–cv–2529 (D. Colo. filed Sept. 12, 2014) (D. Colo. Oct.7, 2014) E:\FR\FM\05DEN1.SGM Continued 05DEN1

Agencies

[Federal Register Volume 81, Number 233 (Monday, December 5, 2016)]
[Notices]
[Pages 87560-87561]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-29092]


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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 December 19, 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:

    1. Moi M. Monroe and Ida M. Monroe Trust (Moi M Monroe III, 
Waycross, Georgia, William Joseph Monroe, Jr., Savannah, Georgia, 
Hannah Hopkins Franklin, Knoxville, Tennessee, Synovus Bank, 
Columbus Georgia, trustees), Moi M. Monroe III, Waycross, Georgia, 
Martha M Veon, Muskatine, Iowa, Cheryl B Monroe, Waycross, Georgia, 
Ann M. Hammond, Atlanta, Georgia, Ellen Monroe Colberg, Mount Holly, 
North Carolina, Emily Monroe Pridgen, Rincon, Georgia, The William & 
Elizabeth Hickam Living Trust (William Hickam, Centennial, Colorado, 
and Elizabeth Hickam, Centennial, Colorado, trustees), Elizabeth 
Monroe Grantham, Nicholls, Georgia, Mr. and Mrs. David Bolton, 
Snellville, Georgia, Walter Hopkins, Amelia Island, Florida, Carolyn 
Hopkins, Amelia Island, Florida, Mary Hopkins Bailey, Knoxville, 
Tennessee, William Joseph Monroe, Jr., Savannah, Georgia, Patricia 
M. Monroe, Waycross, Georgia, Mary Helen Monroe, Fernandina Beach, 
Florida, Patricia Monroe Fievet, High Point, North Carolina, Ivy S 
Monroe, Savannah, Georgia, Caroline Jordan Monroe, Savannah, 
Georgia, William Joseph Monroe, III, Savannah, Georgia, J. E. 
Stewart Jr, Waycross, Georgia, Edwina J Stewart, Waycross, Georgia, 
J. E. Stewart III, Waycross, Georgia, James E. Stewart IV, Waycross, 
Georgia, John T Stewart, Waycross,

[[Page 87561]]

Georgia, Joseph Cook Stewart, Waycross, Georgia, Amy Fletcher, 
Waycross, Georgia, Mary Stewart Weir, Waycross, Georgia, Sara 
Stewart Cotton, Atlanta, Georgia, Steven Collins Cotton, Jr., 
Atlanta, Georgia, Claire Morgan Cotton, Atlanta, Georgia, Sam G. 
Stewart, Waycross, Georgia, Samuel Gaskin Stewart Jr., Waycross, 
Georgia, Caroline Devane Stewart, Waycross, Georgia, Deen J. 
Stewart, Waycross, Georgia, Deen Jordan Stewart Jr., Waycross, 
Georgia, and Courtney Nicole Stewart, Waycross, Georgia; to acquire 
as a group voting shares of WB & T Bankshares Inc., Waycross, 
Georgia, and thereby own shares of Waycross Bank & Trust in 
Waycross, Georgia, Guardian Bank, Valdosta, Georgia, and South Coast 
Bank & Trust, Brunswick, Georgia.

    Board of Governors of the Federal Reserve System, November 30, 
2016.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2016-29092 Filed 12-2-16; 8:45 am]
 BILLING CODE 6210-01-P