Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 18762 [2017-08052]
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18762
Federal Register / Vol. 82, No. 76 / Friday, April 21, 2017 / Notices
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changes in loan demand, credit
standards and terms, and credit quality
of applicants and reasons for the
changes. Information on the reasons for
denying a small business loan
application will also be collected.
The FR 2028D would also improve
upon current information on
outstanding loans collected on the
Reports of Condition and Income (Call
Report; FFIEC 031, FFIEC 041, and
FFIEC 051; OMB No. 7100–0036), which
collects data on loans less than a certain
dollar amount rather than on loans to
small businesses. The Call Report data
may result in information distortions
about the availability of credit to small
businesses because not all small loans
are made to small businesses.
The FR 2028D would collect
quantitative and qualitative information
on loans to small businesses from a
stratified sample of 398 banking
institutions. The survey would be
administered at a quarterly frequency
and distributed during the second
month of each quarter. Survey responses
would be based on loan activity over the
previous quarter. Quantitative
information collected would include the
aggregate number and dollar amount of
outstanding loans and new loans
extended by banks to small businesses
each quarter, as well as line-of-credit
drawdowns and the average interest rate
and benchmark rate. Loans are
separated into two categories: Term
loans and lines of credit, with each
category further separated into fixed rate
and variable rate. Additionally,
quantitative information on the number
and dollar amount of small business
loans with guarantees (Small Business
Administration and other) would be
collected, as well as information
regarding loan maturity and the use of
interest rate floors. The FR 2028D would
also collect quantitative information on
small business loan applications
received and applications approved
during the survey quarter, including
information on applications from Lowand Moderate-Income tracts.
Qualitative information collected by
the FR 2028D would include questions
to gauge changes in lending terms, loan
demand, and credit standards for small
business loans during the survey
period.5 Furthermore, respondents will
5 The inclusion of qualitative questions, which
are the same as those in the Senior Loan Officer
Opinion Survey on Bank Lending Practices (FR
2018; OMB No. 7100–0058), is meant to supplement
the existing FR 2018 data to get a more
comprehensive view of the availability of credit to
businesses. Importantly, the definitions of a small
business are different in the FR 2018 and proposed
FR 2028D. The FR 2018 covers lending to both
small and large firms and defines small firms as
those with annual sales of less than $50 million,
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be asked to identify possible reasons for
indicated changes in lending terms or
credit standards. The survey would also
include qualitative questions on the
demand for small business loans,
changes in credit line usage, and
changes in the credit quality of small
business loan applicants. Respondents
would be asked to identify potential
factors underlying a reported change in
applicant credit quality (e.g., credit
scores, quality of collateral) and to
identify top reasons for denying small
business loans during the survey
quarter.
The replacement of the FR 2028A
with the FR 2028D would result in a
reduction of the burden by 2,873 hours.
Reporting Panel
The FR 2028B panel has an
authorized size of 250 domestically
chartered commercial banks. The panel
of banks has been drawn from a random
sample of banks stratified according to
farm loan volumes since 1989. Since
that time, the authorized size of the
panel has been 250 banks, with 189
banks currently reporting. The number
of respondents is less than the
authorized size due to mergers among
reporters and loss of respondents due to
the voluntary nature of the panel. If the
authorized size of the panel is reduced
to 189, the standard errors for the data
items would increase 17 percentage
points. Moreover, the standard errors on
the regional estimates, which are based
on smaller samples, likely would be
greatly increased. Consequently, the
recommendation is not to change the
authorized number of banks.
The proposed authorized panel for the
FR 2028D panel is 398 domestically
chartered commercial banks. The
proposed size is based on obtaining
survey results with a 95% confidence
level and 5% standard error, allowing
for a 10% nonresponse rate. The panel
of banks would be a random sample of
banks stratified according to the dollar
volumes of commercial and industrial
loans with original amounts of
$1,000,000 or less.
Legal authorization and
confidentiality: The Board’s Legal
Division has determined that these
surveys are authorized by section
11(a)(2) of the Federal Reserve Act (12
U.S.C. 248(a)(2)) which authorizes the
Board to require any depository
institution to make such reports of its
which is significantly larger than the $5 million
threshold in the FR 2028D. Furthermore, the FR
2018 panel only includes large institutions while
the FR 2028D panel will be a stratified sample of
398 domestic banks and include institutions of all
sizes. Therefore, not much overlap in the panels for
the two data collections is expected.
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assets and liabilities as the Board may
determine to be necessary or desirable
to enable the Board to discharge its
responsibility to monitor and control
monetary and credit aggregates. The
reports are voluntary. Individual
responses reported on the FR 2028A, FR
2028B, FR 2028D, and FR 2028S are
regarded as confidential under the
Freedom of Information Act (5 U.S.C.
552(b)(4)).
Board of Governors of the Federal Reserve
System, April 17, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017–08072 Filed 4–20–17; 8:45 am]
BILLING CODE 6210–01–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 May 8,
2017.
A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President), 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Jack Poulsen and Debra Poulsen,
both of Ericson, Nebraska; to acquire
voting shares of Wheeler County
Bancshares, Inc., Ericson, Nebraska, and
thereby indirectly acquire Ericson State
Bank, Ericson, Nebraska.
Board of Governors of the Federal Reserve
System, April 17, 2017.
Margaret M. Shanks,
Deputy Secretary of the Board.
[FR Doc. 2017–08052 Filed 4–20–17; 8:45 am]
BILLING CODE 6210–01–P
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[Federal Register Volume 82, Number 76 (Friday, April 21, 2017)]
[Notices]
[Page 18762]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-08052]
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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 May 8, 2017.
A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant
Vice President), 1 Memorial Drive, Kansas City, Missouri 64198-0001:
1. Jack Poulsen and Debra Poulsen, both of Ericson, Nebraska; to
acquire voting shares of Wheeler County Bancshares, Inc., Ericson,
Nebraska, and thereby indirectly acquire Ericson State Bank, Ericson,
Nebraska.
Board of Governors of the Federal Reserve System, April 17,
2017.
Margaret M. Shanks,
Deputy Secretary of the Board.
[FR Doc. 2017-08052 Filed 4-20-17; 8:45 am]
BILLING CODE 6210-01-P
