Regulation Q; Regulatory Capital Rules: Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies, 95612-95613 [2016-31371]
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95612
Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Notices
[FR Doc. 2016–31386 Filed 12–27–16; 8:45 am]
BILLING CODE 8070–01–P
FEDERAL MARITIME COMMISSION
[Petition No. P4–16]
sradovich on DSK3GMQ082PROD with NOTICES
Petition of the Coalition for Fair Port
Practices for Rulemaking; Notice of
Filing and Request for Comments
Notice is hereby given that the
Coalition for Fair Port Practices
(hereinafter Petitioner), has petitioned
the Commission pursuant to 46 CFR
502.51 of the Commission’s Rules of
Practice and Procedure, to initiate a
rulemaking ‘‘to clarify what constitutes
‘just and reasonable rules and practices’
with respect to the assessment of
demurrage, detention, and per diem
charges by ocean common carriers and
marine terminal operators when ports
are congested or otherwise
inaccessible.’’
Petitioner proposes and provides the
text of a proposed rule and submits
fifteen verified statements or supporting
letters from its members which include
‘‘a broad cross-section of industry
stakeholders, including shippers,
receivers, motor carriers, port draymen,
freight forwarders, 3PLs, and customs
brokers.’’
In order for the Commission to make
a thorough evaluation of the Petition,
interested persons are requested to
submit views or arguments in reply to
the Petition no later than February 28,
2017. Replies shall consist of an original
and 5 copies, be directed to the
Assistant Secretary, Federal Maritime
Commission, 800 North Capitol Street
NW., Washington, DC 20573–0001, and
be served on Petitioner’s counsel, Karyn
A. Booth, Thompson Hine LLP, 1919 M
Street NW., Suite 700, Washington, DC
20036. A PDF copy of the reply must
also be sent to secretary@fmc.gov.
Include in the email subject line
‘‘Petition No. P4–16.’’
Replies containing confidential
information should not be submitted by
email. The Commission will provide
confidential treatment for identified
confidential information to the extent
allowed by law. A reply containing
confidential information must include:
• A transmittal letter requesting
confidential treatment that identifies the
specific information in the reply for
which protection is sought and
demonstrates that the information is a
trade secret or other confidential
research, development, or commercial
information.
• A confidential copy of the reply,
clearly marked ‘‘Confidential-
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18:54 Dec 27, 2016
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Restricted’’, with the confidential
material clearly marked on each page.
• A public version of your reply with
the confidential information excluded
or redacted, marked ‘‘Public Version—
confidential materials excluded.’’
The Petition will be posted on the
Commission’s Web site at https://
www.fmc.gov/P4-16. Replies filed in
response to this Petition also will be
posted on the Commission’s Web site at
this location.
Parties participating in this
proceeding may elect to receive service
of the Commission’s issuances in this
proceeding through email in lieu of
service by U.S. mail. A party opting for
electronic service shall advise the Office
of the Secretary in writing and provide
an email address where service can be
made.
Rachel E. Dickon,
Assistant Secretary.
[FR Doc. 2016–31356 Filed 12–27–16; 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 January
11, 2017.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. James W. Mease, Winterset, Iowa;
James W. Mease Profit Sharing & 401(k),
Winterset, Iowa; Justin Mease, Ankeny,
Iowa; Sue A. Mease, Winterset, Iowa;
Jane M. Reed Revocable Trust, Jane M.
Reed Trustee, Winterset, Iowa; John B.
Reed Revocable Trust, John B. Reed
Trustee, Winterset, Iowa; April
Schaefer, Cedar Rapids, Iowa; David
Trask, Winterset, Iowa; Judith Trask,
Winterset, Iowa; Mary Reed Alles,
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Chillicothe, Missouri; Fred H. Reed,
Johnston, Iowa; Honor Joel Sears,
Spokane, Washington; as a group acting
in concert, to acquire more than 10
percent of the voting shares of Farmers
and Merchants Bancorp, and thereby
indirectly control Farmers & Merchants
State Bank, both in Winterset, Iowa.
Board of Governors of the Federal Reserve
System, December 22, 2016.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2016–31360 Filed 12–27–16; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
[Docket No. 1530; RIN 7100 AE 44]
Regulation Q; Regulatory Capital
Rules: Risk-Based Capital Surcharges
for Global Systemically Important Bank
Holding Companies
Board of Governors of the
Federal Reserve System (Board).
ACTION: Notice.
AGENCY:
Under the rule of the Board
regarding risk-based capital surcharges
for global systemically important bank
holding companies (GSIB surcharge
rule), the Board is providing notice of
the aggregate global indicator amounts
for purposes of a calculation that is
required under the GSIB surcharge rule
for 2016.
DATES: Effective: December 28, 2016.
FOR FURTHER INFORMATION CONTACT: Juan
C. Climent, Manager, (202) 872–7526, or
Holly Kirkpatrick, Supervisory
Financial Analyst, (202) 452–2796,
Division of Supervision and Regulation;
or Mark Buresh, Senior Attorney, (202)
452–5270, or Mary Watkins, Attorney,
(202) 452–3722, Legal Division. Board of
Governors of the Federal Reserve
System, 20th and C Streets NW.,
Washington, DC 20551. For the hearing
impaired only, Telecommunications
Device for the Deaf (TDD) users may
contact (202) 263–4869.
SUPPLEMENTARY INFORMATION: The
Board’s GSIB surcharge rule establishes
a methodology to identify global
systemically important bank holding
companies in the United States (GSIBs)
based on indicators that are correlated
with systemic importance.1 Under the
GSIB surcharge rule, a firm must
calculate its GSIB score using a specific
formula (Method 1). Method 1 uses five
equally weighted categories that are
correlated with systemic importance—
size, interconnectedness, crossjurisdictional activity, substitutability,
SUMMARY:
1 See
E:\FR\FM\28DEN1.SGM
12 CFR 217.402, 217.404.
28DEN1
Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Notices
and complexity—and subdivided into
twelve systemic indicators. For each
indicator, a firm divides its own
measure of each systemic indicator by
an aggregate global indicator amount.
The firm’s Method 1 score is the sum of
its weighted systemic indicator scores
expressed in basis points. The GSIB
surcharge for the firm is then the higher
of the GSIB surcharge determined under
Method 1 and a second method that
weights size, interconnectedness, crossjurisdictional activity, complexity, and a
measure of a firm’s reliance on
wholesale funding (instead of
substitutability).2
The aggregate global indicator
amounts used in the score calculation
under Method 1 are based on data
collected by the Basel Committee on
Banking Supervision (BCBS). The BCBS
amounts are determined based on the
sum of the systemic indicator scores of
the 75 largest U.S. and foreign banking
organizations as measured by the BCBS,
and any other banking organization that
the BCBS includes in its sample total for
95613
that year. The BCBS publicly releases
these values, denominated in euros,
each year. Pursuant to the GSIB
surcharge rule, the Board publishes the
aggregate global indicator amounts each
year as denominated in U.S. dollars
using the euro-dollar exchange rate
provided by the BCBS.3
The aggregate global indicator
amounts for purposes of the Method 1
score calculation for 2016 under
§ 217.404(b)(1)(i)(B) of the GSIB
surcharge rule are:
AGGREGATE GLOBAL INDICATOR AMOUNTS IN U.S. DOLLARS (USD) FOR 2016
Aggregate global
indicator amount
(in USD)
Category
Systemic indicator
Size .....................................................................................
Interconnectedness ............................................................
Total exposures ..................................................................
Intra-financial system assets ..............................................
Intra-financial system liabilities ...........................................
Securities outstanding ........................................................
Payments activity ...............................................................
Assets under custody .........................................................
Underwritten transactions in debt and equity markets ......
Notional amount of over-the-counter (OTC) derivatives ....
Trading and available-for-sale (AFS) securities .................
Level 3 assets ....................................................................
Cross-jurisdictional claims ..................................................
Cross-jurisdictional liabilities ..............................................
Substitutability .....................................................................
Complexity ..........................................................................
Cross-jurisdictional activity .................................................
Authority: 12 U.S.C. 248(a), 321–338a,
481–486, 1462a, 1467a, 1818, 1828, 1831n,
1831o, 1831p–l, 1831w, 1835, 1844(b), 1851,
3904, 3906–3909, 4808, 5365, 5368, 5371.
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 January 23,
2017.
A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Farmers State Bancshares, Inc.,
Dodge, Nebraska; to merge with Farmers
State Bancshares II, Inc., parent of
Farmers State Bank, both in Spencer,
Nebraska.
B. 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. Reliable Community Bancshares,
Inc., Perryville, Missouri; to acquire Mid
America Banking Corporation, Rolla,
Missouri, and thereby indirectly acquire
Mid America Bank & Trust Company,
Dixon, Missouri.
2. MAB Acquisition Corp., Perryville,
Missouri; to become a bank holding
company by acquiring Mid America
Banking Corporation, Rolla, Missouri,
and thereby indirectly acquiring Mid
America Bank & Trust Company, Dixon,
Missouri.
2 The second method (Method 2) uses similar
inputs to those used in Method 1, but replaces the
substitutability category with a measure of a firm’s
use of short-term wholesale funding. In addition,
Method 2 is calibrated differently from Method 1.
3 12 CFR 217.404(b)(1)(i)(B); 80 FR 49082, 49086–
87 (August 14, 2015). See also 81 FR 1948 (January
14, 2016). The indicators provided by the BCBS
were converted to U.S. dollars using a euro-dollar
exchange rate of 1.0887, which was the daily euro
to U.S. dollar spot rate on December 31, 2015 as
published by the European Central Bank (available
at https://www.ecb.europa.eu/stats/eurofxref/
index.en.html).
By order of the Board of Governors of the
Federal Reserve System, acting through the
Director of the Division of Supervision and
Regulation under delegated authority,
December 22, 2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016–31371 Filed 12–27–16; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
sradovich on DSK3GMQ082PROD with NOTICES
$79,320,039,989,625
8,816,910,460,396
9,687,826,596,896
13,608,077,367,510
2,463,117,556,410,060
139,725,689,815,229
6,479,589,781,461
606,217,201,548,411
3,543,254,277,404
637,946,551,935
19,333,877,366,660
17,293,028,759,406
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28DEN1
Agencies
[Federal Register Volume 81, Number 249 (Wednesday, December 28, 2016)]
[Notices]
[Pages 95612-95613]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-31371]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
[Docket No. 1530; RIN 7100 AE 44]
Regulation Q; Regulatory Capital Rules: Risk-Based Capital
Surcharges for Global Systemically Important Bank Holding Companies
AGENCY: Board of Governors of the Federal Reserve System (Board).
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: Under the rule of the Board regarding risk-based capital
surcharges for global systemically important bank holding companies
(GSIB surcharge rule), the Board is providing notice of the aggregate
global indicator amounts for purposes of a calculation that is required
under the GSIB surcharge rule for 2016.
DATES: Effective: December 28, 2016.
FOR FURTHER INFORMATION CONTACT: Juan C. Climent, Manager, (202) 872-
7526, or Holly Kirkpatrick, Supervisory Financial Analyst, (202) 452-
2796, Division of Supervision and Regulation; or Mark Buresh, Senior
Attorney, (202) 452-5270, or Mary Watkins, Attorney, (202) 452-3722,
Legal Division. Board of Governors of the Federal Reserve System, 20th
and C Streets NW., Washington, DC 20551. For the hearing impaired only,
Telecommunications Device for the Deaf (TDD) users may contact (202)
263-4869.
SUPPLEMENTARY INFORMATION: The Board's GSIB surcharge rule establishes
a methodology to identify global systemically important bank holding
companies in the United States (GSIBs) based on indicators that are
correlated with systemic importance.\1\ Under the GSIB surcharge rule,
a firm must calculate its GSIB score using a specific formula (Method
1). Method 1 uses five equally weighted categories that are correlated
with systemic importance--size, interconnectedness, cross-
jurisdictional activity, substitutability,
[[Page 95613]]
and complexity--and subdivided into twelve systemic indicators. For
each indicator, a firm divides its own measure of each systemic
indicator by an aggregate global indicator amount. The firm's Method 1
score is the sum of its weighted systemic indicator scores expressed in
basis points. The GSIB surcharge for the firm is then the higher of the
GSIB surcharge determined under Method 1 and a second method that
weights size, interconnectedness, cross-jurisdictional activity,
complexity, and a measure of a firm's reliance on wholesale funding
(instead of substitutability).\2\
---------------------------------------------------------------------------
\1\ See 12 CFR 217.402, 217.404.
\2\ The second method (Method 2) uses similar inputs to those
used in Method 1, but replaces the substitutability category with a
measure of a firm's use of short-term wholesale funding. In
addition, Method 2 is calibrated differently from Method 1.
---------------------------------------------------------------------------
The aggregate global indicator amounts used in the score
calculation under Method 1 are based on data collected by the Basel
Committee on Banking Supervision (BCBS). The BCBS amounts are
determined based on the sum of the systemic indicator scores of the 75
largest U.S. and foreign banking organizations as measured by the BCBS,
and any other banking organization that the BCBS includes in its sample
total for that year. The BCBS publicly releases these values,
denominated in euros, each year. Pursuant to the GSIB surcharge rule,
the Board publishes the aggregate global indicator amounts each year as
denominated in U.S. dollars using the euro-dollar exchange rate
provided by the BCBS.\3\
---------------------------------------------------------------------------
\3\ 12 CFR 217.404(b)(1)(i)(B); 80 FR 49082, 49086-87 (August
14, 2015). See also 81 FR 1948 (January 14, 2016). The indicators
provided by the BCBS were converted to U.S. dollars using a euro-
dollar exchange rate of 1.0887, which was the daily euro to U.S.
dollar spot rate on December 31, 2015 as published by the European
Central Bank (available at https://www.ecb.europa.eu/stats/eurofxref/index.en.html).
---------------------------------------------------------------------------
The aggregate global indicator amounts for purposes of the Method 1
score calculation for 2016 under Sec. 217.404(b)(1)(i)(B) of the GSIB
surcharge rule are:
Aggregate Global Indicator Amounts in U.S. Dollars (USD) for 2016
------------------------------------------------------------------------
Aggregate global
Category Systemic indicator amount (in
indicator USD)
------------------------------------------------------------------------
Size......................... Total exposures. $79,320,039,989,625
Interconnectedness........... Intra-financial 8,816,910,460,396
system assets.
Intra-financial 9,687,826,596,896
system
liabilities.
Securities 13,608,077,367,510
outstanding.
Substitutability............. Payments 2,463,117,556,410,060
activity.
Assets under 139,725,689,815,229
custody.
Underwritten 6,479,589,781,461
transactions in
debt and equity
markets.
Complexity................... Notional amount 606,217,201,548,411
of over-the-
counter (OTC)
derivatives.
Trading and 3,543,254,277,404
available-for-
sale (AFS)
securities.
Level 3 assets.. 637,946,551,935
Cross-jurisdictional activity Cross- 19,333,877,366,660
jurisdictional 17,293,028,759,406
claims.
Cross-
jurisdictional
liabilities.
------------------------------------------------------------------------
Authority: 12 U.S.C. 248(a), 321-338a, 481-486, 1462a, 1467a,
1818, 1828, 1831n, 1831o, 1831p-l, 1831w, 1835, 1844(b), 1851, 3904,
3906-3909, 4808, 5365, 5368, 5371.
By order of the Board of Governors of the Federal Reserve
System, acting through the Director of the Division of Supervision
and Regulation under delegated authority, December 22, 2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-31371 Filed 12-27-16; 8:45 am]
BILLING CODE P