Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 2995 [2017-00176]
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Federal Register / Vol. 82, No. 6 / Tuesday, January 10, 2017 / Notices
g. other acts as defined by State statute or
regulation as disciplinary
With the exception of voluntary surrender,
suspension or revocation, such action may be
exempt from reporting to the National
Registry if defined by State statute, regulation
or written policy as ‘‘non-disciplinary.’’
Federally related transaction: Refers to any
real estate related financial transaction
which:
(a) A federal financial institutions
regulatory agency engages in, contracts for, or
regulates; and
(b) requires the services of an appraiser.
(See Title XI § 1121(4), 12 U.S.C. 3350.)
Federal financial institutions regulatory
agencies: Refers to the Board of Governors of
the Federal Reserve System, the Federal
Deposit Insurance Corporation, the Office of
the Comptroller of the Currency, and the
National Credit Union Administration. (See
Title XI § 1121(6), 12 U.S.C. 3350).
Home State agency: As referenced herein,
State agency or agencies that grant an
appraiser a licensed or certified credential.
Residency in the home State is not required.
Appraisers may have more than one home
State agency.
Non-federally recognized credentials or
designations: Refers to any State appraiser
credential or designation other than trainee,
State licensed, certified residential or
certified general classifications as defined in
Policy Statement 1, and which is not
recognized by Title XI.
Real estate related financial transaction:
Any transaction involving:
(a) The sale, lease, purchase, investment in
or exchange of real property, including
interests in property, or the financing thereof;
(b) the refinancing of real property or
interests in real property; and
(c) the use of real property or interests in
property as security for a loan or investment,
including mortgage-backed securities. (See
Title XI § 1121(5), 12 U.S.C. 3350).
State: Any State, the District of Columbia,
the Commonwealth of Puerto Rico, the
Commonwealth of the Northern Mariana
Islands, Guam, and the United States Virgin
Islands. (American Samoa does not have a
Program).
State board: As referenced herein, ‘‘State
board’’ means a group of individuals (usually
appraisers, AMC representatives, bankers,
consumers, and/or real estate professionals)
appointed by the Governor or a similarly
positioned State official to assist or oversee
State Programs. A State agency may be
headed by a board, commission or an
individual.
Uniform Standards of Professional
Appraisal Practice (USPAP): Refers to
appraisal standards promulgated by the
Appraisal Standards Board of the Appraisal
Foundation establishing minimum
requirements for development and reporting
of appraisals, including real property
appraisal. Title XI requires appraisals
prepared by State certified and licensed
appraisers to be performed in conformance
with USPAP.
Well-documented: Means that States obtain
and maintain sufficient relevant
Appraiser Registry record is updated to show the
credential is inactive.
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14:59 Jan 09, 2017
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documentation pertaining to a matter so as to
enable understanding of the facts and
determinations in the matter and the reasons
for those determinations.
*
*
*
*
*
By the Appraisal Subcommittee.
Dated: January 3, 2017.
Arthur Lindo,
Chairman.
[FR Doc. 2017–00262 Filed 1–9–17; 8:45 am]
BILLING CODE 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 February 3,
2017.
A. Federal Reserve Bank of Richmond
(Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528.
Comments can also be sent
electronically to
Comments.applications@rich.frb.org:
1. Bay Banks of Virginia, Inc.,
Kilmarnock, Virginia; to acquire 100
percent of the voting securities of
Virginia BanCorp, Inc., Petersburg,
Virginia, and thereby indirectly acquire
PO 00000
Frm 00057
Fmt 4703
Sfmt 4703
2995
Virginia Commonwealth Bank,
Petersburg, Virginia.
Board of Governors of the Federal Reserve
System, January 4, 2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017–00176 Filed 1–9–17; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice for comment regarding
the Federal Reserve proposal to extend
without revision, the clearance under
the Paperwork Reduction Act for the
following information collection
activity.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board or
Federal Reserve) invites comment on a
proposal to extend for three years,
without revision, the Registration of
Mortgage Loan Originators.
On June 15, 1984, the Office of
Management and Budget (OMB)
delegated to the Board authority under
the Paperwork Reduction Act (PRA) to
approve of and assign OMB control
numbers to collection of information
requests and requirements conducted or
sponsored by the Board. In exercising
this delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
information, the Board will consider all
comments received from the public and
other agencies.
DATES: Comments must be submitted on
or before March 13, 2017.
ADDRESSES: You may submit comments,
identified by CFPB Reg G, by any of the
following methods:
• Agency Web site: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx .
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: regs.comments@
federalreserve.gov. Include OMB
number in the subject line of the
message.
• FAX: (202) 452–3819 or (202) 452–
3102.
• Mail: Robert deV. Frierson,
Secretary, Board of Governors of the
Federal Reserve System, 20th Street and
SUMMARY:
E:\FR\FM\10JAN1.SGM
10JAN1
]]>Agencies
[Federal Register Volume 82, Number 6 (Tuesday, January 10, 2017)]
[Notices]
[Page 2995]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-00176]
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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 February 3, 2017.
A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street, Richmond, Virginia 23261-4528.
Comments can also be sent electronically to
Comments.applications@rich.frb.org:
1. Bay Banks of Virginia, Inc., Kilmarnock, Virginia; to acquire
100 percent of the voting securities of Virginia BanCorp, Inc.,
Petersburg, Virginia, and thereby indirectly acquire Virginia
Commonwealth Bank, Petersburg, Virginia.
Board of Governors of the Federal Reserve System, January 4,
2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017-00176 Filed 1-9-17; 8:45 am]
BILLING CODE 6210-01-P
