Notice of Termination of the Receivership of 10299, WestBridge Bank and Trust Company, Chesterfield, Missouri, 10010 [2017-02671]

Download as PDF 10010 Federal Register / Vol. 82, No. 26 / Thursday, February 9, 2017 / Notices General Description of Collection: The FDIC is requesting renewal of this approved collection to use occasional qualitative surveys to gather information from the public. In general, these surveys do not involve more than 850 respondents, do not require more than one hour per respondent, and are completely voluntary in nature. It is not contemplated that more than 15 such surveys will be conducted in any given year. The purpose of the surveys is, in general terms, to obtain anecdotal information about regulatory burden, problems or successes in the bank supervisory process (including both safety-and-soundness and consumerrelated exams), the perceived need for regulatory or statutory change, and similar concerns. The information in these surveys is anecdotal in nature, that is, samples are not necessarily random, the results are not necessarily representative of a larger class of potential respondents, and the goal is not to produce a statistically valid and reliable database. Rather, the surveys are expected to yield anecdotal information about the particular experiences and opinions of members of the public, primarily staff at respondent banks or bank customers. The information is used to improve the way FDIC relates to its clients, to develop agendas for regulatory or statutory change, and in some cases simply to learn how particular policies or programs are working, or are perceived in particular cases. 4. Title: Interagency Guidance on Sound Incentive Compensation Practices. OMB Number: 3064–0175. Form Number: None. Affected Public: Insured State Nonmember Banks and State Savings Associations. Burden Estimate: Type of burden sradovich on DSK3GMQ082PROD with NOTICES Annual maintenance of policies and procedures. Estimated number of respondents Estimated number of responses Estimated time per response (hours) Frequency of response Total annual estimated burden (hours) Recordkeeping ................... 3,878 1 40 Annual ............ 155,120 General Description of Collection: The Guidance on Sound Incentive Compensation Practices helps ensure that incentive compensation policies at insured state nonmember banks and state savings associations do not encourage excessive risk-taking and are consistent with the safety and soundness of the organization. Under the Guidance, banks are required to: (i) Have policies and procedures that identify and describe the role(s) of the personnel and units authorized to be involved in incentive compensation arrangements, identify the source of significant risk-related inputs, establish appropriate controls governing these inputs to help ensure their integrity, and identify the individual(s) and unit(s) whose approval is necessary for the establishment or modification of incentive compensation arrangements; (ii) create and maintain sufficient documentation to permit an audit of the organization’s processes for incentive compensation arrangements; (iii) have any material exceptions or adjustments to the incentive compensation arrangements established for senior executives approved and documented by its board of directors; and (iv) have its board of directors receive and review, on an annual or more frequent basis operation of the organization’s incentive compensation system in providing risk-taking incentives that are consistent with the organization’s safety and soundness. Request for Comment Comments are invited on: (a) Whether the collections of information are necessary for the proper performance of VerDate Sep<11>2014 18:11 Feb 08, 2017 Jkt 241001 the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the information collections, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collections of information on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. The Receiver has further irrevocably authorized and appointed FDICCorporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary; including but not limited to releases, discharges, satisfactions, endorsements, assignments and deeds. Effective February 1, 2017, the Receivership Estate has been terminated, the Receiver discharged, and the Receivership Estate has ceased to exist as a legal entity. Dated at Washington, DC, this 3rd day of February 2017. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. Dated: February 6, 2017. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. 2017–02635 Filed 2–8–17; 8:45 am] BILLING CODE 6714–01–P [FR Doc. 2017–02671 Filed 2–8–17; 8:45 am] BILLING CODE 6714–01–P FEDERAL TRADE COMMISSION FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Termination of the Receivership of 10299, WestBridge Bank and Trust Company, Chesterfield, Missouri The Federal Deposit Insurance Corporation (‘‘FDIC’’), as Receiver for 10299, WestBridge Bank and Trust Company, Chesterfield, Missouri (‘‘Receiver’’), has been authorized to take all actions necessary to terminate the receivership estate of WestBridge Bank and Trust Company (‘‘Receivership Estate’’); the Receiver has made all dividend distributions required by law. PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 [File No. 172 3033] iSpring Water Systems, LLC; Analysis of Proposed Consent Order To Aid Public Comment Federal Trade Commission. Proposed consent agreement. AGENCY: ACTION: The consent agreement in this matter settles alleged violations of federal law prohibiting unfair or deceptive acts or practices. The attached Analysis to Aid Public Comment describes both the allegations in the draft complaint and the terms of the consent order—embodied in the consent agreement—that would settle these allegations. SUMMARY: E:\FR\FM\09FEN1.SGM 09FEN1

Agencies

[Federal Register Volume 82, Number 26 (Thursday, February 9, 2017)]
[Notices]
[Page 10010]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-02671]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Notice of Termination of the Receivership of 10299, WestBridge 
Bank and Trust Company, Chesterfield, Missouri

    The Federal Deposit Insurance Corporation (``FDIC''), as Receiver 
for 10299, WestBridge Bank and Trust Company, Chesterfield, Missouri 
(``Receiver''), has been authorized to take all actions necessary to 
terminate the receivership estate of WestBridge Bank and Trust Company 
(``Receivership Estate''); the Receiver has made all dividend 
distributions required by law.
    The Receiver has further irrevocably authorized and appointed FDIC-
Corporate as its attorney-in-fact to execute and file any and all 
documents that may be required to be executed by the Receiver which 
FDIC-Corporate, in its sole discretion, deems necessary; including but 
not limited to releases, discharges, satisfactions, endorsements, 
assignments and deeds.
    Effective February 1, 2017, the Receivership Estate has been 
terminated, the Receiver discharged, and the Receivership Estate has 
ceased to exist as a legal entity.

    Dated: February 6, 2017.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017-02671 Filed 2-8-17; 8:45 am]
BILLING CODE 6714-01-P
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