Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 87560-87561 [2016-29092]
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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:
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19:12 Dec 02, 2016
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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.
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[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,
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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
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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)
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]]>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]
-----------------------------------------------------------------------
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
