Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 31329-31330 [2017-14209]
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Federal Register / Vol. 82, No. 128 / Thursday, July 6, 2017 / Notices
sradovich on DSK3GMQ082PROD with NOTICES
States, which is followed closely by
other government agencies, the banking
industry, the financial press, and other
users. The H.8 release provides a
balance sheet for the banking industry
as a whole and data disaggregated by its
large domestic, small domestic, and
foreign-related bank components.
Proposed revisions: The Board
proposes several revisions to simplify
and reduce the overall reporting burden
associated with the FR 2644 report. The
proposed FR 2644 reporting form would
consist of 29 balance-sheet items and 2
memoranda items, an overall reduction
of six data items.
Combine Asset Items 3.a and 3.b Into
One Data Item, and Liability Items 9.a
and 9.b Into One Data Item
The Board proposes to combine (1)
Federal funds sold and securities
purchased under agreements to resell
with commercial banks in the U.S.
(including U.S. branches and agencies
of foreign banks) (item 3.a) and (2)
Federal funds sold and securities
purchased under agreements to resell
with others (including nonbank brokers
and dealers in securities and FHLB)
(item 3.b) into one new item: Federal
funds sold and securities purchased
under agreements to resell (item 3) and
to combine (1) Borrowings (including
federal funds purchased and securities
sold under agreements to repurchase
and other borrowed money) from
commercial banks in the U.S. (including
U.S. branches and agencies of foreign
banks) (item 9.a) and (2) Borrowings
(including federal funds purchased and
securities sold under agreements to
repurchase and other borrowed money)
from others (including FRB and FHLB)
(item 9.b) into one new item:
Borrowings (including federal funds
purchased and securities sold under
agreements to repurchase and other
borrowed money) (item 9).
Counterparty-level detail on federal
funds sold and securities purchased
under agreements to resell (federal
funds) has been collected from large
banks since mid-1969 and from small
banks since July 2009. Similar
information for borrowings has been
reported by both large and small banks
since October 1996. In the H.8 release,
federal funds sold to commercial banks
have been included in interbank loans
and federal funds sold to others have
been included in non-core loans as part
of other loans and leases.
These asset/liability breakdowns have
provided useful information on
counterparties, especially during the
financial crisis. However, this
information may now be obtained from
the Report of Selected Money Market
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Rates (FR 2420; OMB No. 7100–0357),
which collects transaction-level data,
including counterparty information, for
both federal funds purchased and other
borrowings. Therefore, the Board
recommends dropping the counterparty
detail from the FR 2644 report.
Replace Item 8 With New Item 8.b
The Board proposes to replace Total
deposits (item 8) with All other deposits
(item 8.b). This new item will consist of
all deposits other than time deposits of
$100,000 or more. The Board assesses
that reporting accuracy will be higher if
banks report the two pieces of total
deposits separately, rather than
reporting total deposits and time
deposits of $100,000 or more, a subset
of the former. The Board believes that
this small change will reduce the
incidence of misreporting, leading to
fewer edit failures and less need for
explanatory contact with respondents.
Proposed Elimination of Data Items
The Board proposes to stop separately
collecting two data items related to
banks’ derivative and other trading
activities: (1) Trading assets, other than
securities and loans included above
(item 5) and (2) Trading liabilities (item
10). Data item 5 would be included in
All other assets (item 6.b), while data
item 10 would be rolled into All other
liabilities (including subordinated notes
and debentures) (item 11.b). Successive
data items would be renumbered as
appropriate.
During the 2015 renewal of the FR
2644, derivatives with positive and
negative fair values, items 5.a and 10.a,
the major components of trading assets
and trading liabilities respectively, were
dropped from the reporting form.
Weekly changes in the total items could
reasonably be attributed to movements
in derivatives, since they accounted for
the preponderance of the trading items.
However, in the intervening period, the
Board has assessed that the benefits of
collecting the two trading assets and
liabilities items separately, in terms of
analytical usefulness, do not exceed the
costs of collection.
The Board also proposes to stop
collecting two memoranda items: (1)
Loans to small businesses amount
currently outstanding of ‘‘Loans secured
by nonfarm nonresidential properties’’
with original amounts of $1,000,000 or
less (included in item 4.a.(5) above)
(item M.2 a) and (2) Loans to small
businesses amount currently
outstanding of ‘‘Commercial and
industrial loans to U.S. addressees’’
with original amounts of $1,000,000 or
less (included in item 4.c above) (item
M.2. b).
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31329
These memoranda items were added
to the FR 2644 reporting form as of
January 7, 2015, due to increasing
interest in the health of small business
lending and the lack of other timely
sources of information. The
recommendation to discontinue the
collection of these data items is based
on three factors:
(1) The new FFIEC 051 Call Report for
eligible small banks with assets less
than $1 billion will require only
semiannual reporting (June and
December) for the related Call Report
data items. This new Call Report was
implemented as of March 31, 2017.
Semiannual, rather than quarterly,
reporting by three-fourths of the
domestic banks in the universe would
severely limit the Board’s ability to
estimate universe data from the weekly
sample FR 2644 data and to sufficiently
benchmark those estimates, leading to
deterioration in the universe estimates.
(2) During the development of the
FFIEC 051, both in-person conversations
with bankers and their comments in
response to the associated Federal
Register notices identified these items
as among the most burdensome for
banks to provide, in some cases
requiring manual intervention to do so.
(3) Many of the panel respondents,
including most of the largest banks,
repeat their latest quarterly Call Report
figures for these data items. This
practice does not provide the Board
with the more up-to-date information
that it had been seeking.
Legal authorization and
confidentiality: The FR 2644 is
authorized by section 2A and 11(a)(2) of
the Federal Reserve Act (12 U.S.C.
225(a) and 248(a)(2)) and by section
7(c)(2) of the International Banking Act
(12 U.S.C. 3105(c)(2)) and is voluntary.
Individual respondent data 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, June 29, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017–14140 Filed 7–5–17; 8:45 am]
BILLING CODE 6210–01–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
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31330
Federal Register / Vol. 82, No. 128 / Thursday, July 6, 2017 / Notices
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 August 1, 2017.
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:
1. SI Financial Group, Inc.,
Willimantic, Connecticut; to become a
bank holding company in association
with the revocation of its 10(1) election.
SI Financial Group owns Savings
Institute Bank and Trust Company,
Willimantic, Connecticut.
B. Federal Reserve Bank of Cleveland
(Nadine Wallman, Vice President) 1455
East Sixth Street, Cleveland, Ohio
44101–2566. Comments can also be sent
electronically to
Comments.applications@clev.frb.org:
1. Wayne Savings Bancshares, Inc.,
Wooster, Ohio; to become a bank
holding company by acquiring 100
percent of the voting shares of Wayne
Savings Community Bank, Wooster,
Ohio, upon its conversion to a
commercial bank.
C. 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. Seacoast Banking Corporation of
Florida, Stuart, Florida; to merge with
NorthStar Banking Corporation, and
thereby indirectly acquire NorthStar
Bank, both of Tampa, Florida.
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D. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. First Busey Corporation,
Champaign, Illinois; to merge with Mid
Illinois Bancorp, Inc., Peoria, Illinois,
and thereby indirectly acquire South
Side Trust & Savings Bank, Peoria,
Illinois.
Board of Governors of the Federal Reserve
System, June 30, 2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017–14209 Filed 7–5–17; 8:45 am]
BILLING CODE 6210–01–P
GENERAL SERVICES
ADMINISTRATION
[OMB Control No. 3090–0118; Docket 2017–
0001; Sequence 2]
Submission for OMB Review;
Statement of Witness, Standard Form
94
Federal Vehicle Policy
Division, General Services
Administration (GSA).
ACTION: Notice of a request for
comments regarding a reinstatement,
with change, to an OMB clearance.
AGENCY:
Under the provisions of the
Paperwork Reduction Act of 1995, GSA
has submitted to the Office of
Management and Budget (OMB) a
request to review and approve a
reinstatement, with change, to an
information collection requirement
concerning Standard Form (SF) 94,
Statement of Witness. A notice was
published in the Federal Register at 82
FR 19722, on April 28, 2017. No
comments were received.
DATES: Submit comments on or before
August 7, 2017.
FOR FURTHER INFORMATION CONTACT: Ray
Wynter, Federal Vehicle Policy
Division, at 202–501–3802, or email
ray.wynter@gsa.gov.
ADDRESSES: Submit comments regarding
this burden estimate or any other aspect
of this collection of information,
including suggestions for reducing this
burden to: Office of Information and
Regulatory Affairs of OMB, Attention:
Desk Officer for GSA, Room 10236,
NEOB, Washington, DC 20503.
Additionally submit a copy to GSA by
any of the following methods:
• Regulations.gov: https://
www.regulations.gov. Submit comments
via the Federal eRulemaking portal by
searching the OMB control number.
Select the link ‘‘Submit a Comment’’
SUMMARY:
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that corresponds with ‘‘Information
Collection 3090–0118, Statement of
Witness, SF 94.’’ Follow the instructions
provided at the ‘‘Submit a Comment’’
screen. Please include your name,
company name (if any), and
‘‘Information Collection 3090–0118,
Statement of Witness, SF 94’’ on your
attached document.
• Mail: General Services
Administration, Regulatory Secretariat
Division (MVCB), 1800 F Street NW.,
Washington, DC 20405. ATTN: Ms.
Sosa/IC 3090–0118, Statement of
Witness, SF 94.
Instructions: Please submit comments
only and cite Information Collection
3090–0118, Statement of Witness, SF
94, in all correspondence related to this
collection. Comments received generally
will be posted without change to https://
www.regulations.gov, including any
personal and/or business confidential
information provided. To confirm
receipt of your comment(s), please
check www.regulations.gov,
approximately two to three days after
submission to verify posting (except
allow 30 days for posting of comments
submitted by mail).
SUPPLEMENTARY INFORMATION:
A. Purpose
GSA is requesting the Office of
Management and Budget (OMB) to
review and approve a reinstatement,
with change, to information collection,
3090–0118, Statement of Witness, SF
94. The forms are used by all Federal
agencies to report accident information
involving U.S. Government motor
vehicles.
B. Annual Reporting Burden
Respondents: 874.
Responses per Respondent: 1.
Total Annual Responses: 874.
Hours per response: .333.
Total Burden Hours: 291.
C. Public Comment
Public comments are particularly
invited on: Whether this collection of
information is necessary and whether it
will have practical utility; whether our
estimate of the public burden of this
collection of information is accurate,
and based on valid assumptions and
methodology; ways to enhance the
quality, utility, and clarity of the
information to be collected.
Obtaining Copies of Proposals:
Requesters may obtain a copy of the
information collection documents from
the General Services Administration,
Regulatory Secretariat Division (MVCB),
1800 F Street NW., Washington, DC
20405, telephone 202–501–4755. Please
cite OMB Control No. 3090–0118,
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]]>Agencies
[Federal Register Volume 82, Number 128 (Thursday, July 6, 2017)]
[Notices]
[Pages 31329-31330]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-14209]
-----------------------------------------------------------------------
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
[[Page 31330]]
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 August 1, 2017.
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:
1. SI Financial Group, Inc., Willimantic, Connecticut; to become a
bank holding company in association with the revocation of its 10(1)
election. SI Financial Group owns Savings Institute Bank and Trust
Company, Willimantic, Connecticut.
B. Federal Reserve Bank of Cleveland (Nadine Wallman, Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566. Comments
can also be sent electronically to Comments.applications@clev.frb.org:
1. Wayne Savings Bancshares, Inc., Wooster, Ohio; to become a bank
holding company by acquiring 100 percent of the voting shares of Wayne
Savings Community Bank, Wooster, Ohio, upon its conversion to a
commercial bank.
C. 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. Seacoast Banking Corporation of Florida, Stuart, Florida; to
merge with NorthStar Banking Corporation, and thereby indirectly
acquire NorthStar Bank, both of Tampa, Florida.
D. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. First Busey Corporation, Champaign, Illinois; to merge with Mid
Illinois Bancorp, Inc., Peoria, Illinois, and thereby indirectly
acquire South Side Trust & Savings Bank, Peoria, Illinois.
Board of Governors of the Federal Reserve System, June 30, 2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017-14209 Filed 7-5-17; 8:45 am]
BILLING CODE 6210-01-P
