Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 31603 [2017-14275]

Download as PDF Federal Register / Vol. 82, No. 129 / Friday, July 7, 2017 / Notices send an email to FCC504@fcc.gov or call the Consumer & Governmental Affairs Bureau at 202–418–0530 (voice), 202– 418–0432 (TTY). Board of Governors of the Federal Reserve System, July 3, 2017. Yao-Chin Chao, Assistant Secretary of the Board. Federal Communications Commission. Marlene H. Dortch, Secretary. [FR Doc. 2017–14275 Filed 7–6–17; 8:45 am] [FR Doc. 2017–14216 Filed 7–6–17; 8:45 am] FEDERAL RESERVE SYSTEM BILLING CODE 6210–01–P BILLING CODE 6712–01–P Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB FEDERAL RESERVE SYSTEM asabaliauskas on DSKBBXCHB2PROD with NOTICES 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 August 1, 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 or Comments.applications@rich.frb.org: 1. Sandy Spring Bancorp, Inc., Olney, Maryland; to acquire WashingtonFirst Bankshares, Inc., and thereby indirectly acquire WashingtonFirst Bank, both of Reston, Virginia. VerDate Sep<11>2014 20:56 Jul 06, 2017 Jkt 241001 Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks (FR 2225; OMB No. 7100–0216). 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. Boardapproved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instrument(s) are placed into OMB’s public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC, 20551 (202) 452–3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. OMB Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503 or by fax to (202) 395–6974. Final approval under OMB delegated authority of the extension for three years, without revision, of the following report: AGENCY: PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 31603 Report Title: Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks. Agency Form Number: FR 2225. OMB Control Number: 7100–0216. Frequency: Annually. Respondents: Foreign banking organizations (FBO). Estimated Number of Respondents: 50. Estimated Average Hours per Response: 1. Estimated annual burden hours: 50. General description of report: This report was implemented in March 1986 as part of the procedures used to administer the Federal Reserve’s Payment System Risk (PSR) policy. A key component of the PSR policy is a limit, or a net debit cap, on an institution’s negative intraday balance in its Reserve Bank account. The Federal Reserve calculates an institution’s net debit cap by applying the multiple associated with the net debit cap category to the institution’s capital. For foreign banking organizations (FBOs), a percentage of the FBO’s capital measure, known as the U.S. capital equivalency, is used to calculate the FBO’s net debit cap. FBOs that wish to establish a positive net debit cap and have a strength of support assessment (SOSA) 1 or SOSA 2 ranking or hold a financial holding company (FHC) designation are required to submit the FR 2225 to their Administrative Reserve Bank (ARB).1 2 Legal authorization and confidentiality: The Federal Reserve Board’s Legal Division has determined that the FR 2225 is authorized by Sections 11(i), 16, and 19(f) of the Federal Reserve Act (12 U.S.C. 248(i), 248–1, and 464). An FBO is required to respond in order to obtain or retain a benefit, i.e., in order for the U.S. branch or agency of an FBO to establish and maintain a non-zero net debit cap. Respondents are not asked to submit any data that are not ordinarily disclosed to the public; accordingly, such items would not routinely be protected from disclosure under the 1 The Administrative Reserve Bank is responsible for the administration of Federal Reserve credit, reserves, and risk-management policies for a given institution or other legal entity. 2 Most FBOs that are ranked SOSA 3 do not qualify for a positive net debit cap. In the event a Reserve Bank grants a net debit cap or extends intraday credit to a financially healthy SOSA 3ranked FBO, the financially healthy SOSA 3-ranked FBOs will have their U.S. capital equivalency based on their ‘‘Net due to related depository institutions’’ as reported on the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002), Schedule RAL, Item 5.a, Column A, for the most recent quarter. E:\FR\FM\07JYN1.SGM 07JYN1

Agencies

FEDERAL RESERVE SYSTEM

[Federal Register Volume 82, Number 129 (Friday, July 7, 2017)]
[Notices]
[Page 31603]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-14275]


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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 August 1, 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 or 
Comments.applications@rich.frb.org:
    1. Sandy Spring Bancorp, Inc., Olney, Maryland; to acquire 
WashingtonFirst Bankshares, Inc., and thereby indirectly acquire 
WashingtonFirst Bank, both of Reston, Virginia.

    Board of Governors of the Federal Reserve System, July 3, 2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017-14275 Filed 7-6-17; 8:45 am]
 BILLING CODE 6210-01-P

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