Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 37218-37219 [2017-16712]

Download as PDF 37218 Federal Register / Vol. 82, No. 152 / Wednesday, August 9, 2017 / Notices on the program. Burden is defined at 5 CFR 1320.3(b). Estimated Total Costs: $63,971 (per year). There are no annualized capital investment or maintenance and operational costs. Changes in the Estimates: The total annual burden for respondents associated with pesticide product registration maintenance fee is 1,681 hours, a decrease from 1,993 hours as previously reported in the last ICR. The reason for the decrease was a slight refinement in the estimate per response from 1.14 hours to 1.13 hours and a reduction in the number responses from 1,744 to 1,471. Costs increased since the last renewal because of labor cost increases. The total estimated annual respondent burden for the pesticide registration service fee waivers information collection has increased about 15% from 5,914 hours in the existing ICR to 6,840 hours for this renewal, due to the increase of respondent’s usage of the newer waiver provisions allowed under the law. Authority: 44 U.S.C. 3501 et seq. Courtney Kerwin, Director, Regulatory Support Division. [FR Doc. 2017–16782 Filed 8–8–17; 8:45 am] BILLING CODE 6560–50–P 6 ........................................... Marlene H. Dortch, Secretary. [FR Doc. 2017–16849 Filed 8–7–17; 11:15 am] BILLING CODE 6712–01–P sradovich on DSK3GMQ082PROD with NOTICES 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 17:00 Aug 08, 2017 Sunshine Act Meeting; Farm Credit Administration Board Farm Credit Administration. Notice, regular meeting. AGENCY: ACTION: Notice is hereby given, pursuant to the Government in the Sunshine Act, of the regular meeting of the Farm Credit Administration Board (Board). DATES: The regular meeting of the Board will be held at the offices of the Farm Credit Administration in McLean, Virginia, on August 10, 2017, from 9:00 a.m. until such time as the Board concludes its business. ADDRESSES: Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 22102–5090. Submit attendance requests via email to VisitorRequest@FCA.gov. See SUPPLEMENTARY INFORMATION for further information about attendance requests. FOR FURTHER INFORMATION CONTACT: Dale L. Aultman, Secretary to the Farm Credit Administration Board, (703) 883– 4009, TTY (703) 883–4056. SUPPLEMENTARY INFORMATION: This meeting of the Board will be open to the public (limited space available). Please send an email to VisitorRequest@ FCA.gov at least 24 hours before the meeting. In your email include: Name, postal address, entity you are representing (if applicable), and telephone number. You will receive an SUMMARY: INTERNATIONAL ..................................... Federal Communications Commission. VerDate Sep<11>2014 FARM CREDIT ADMINISTRATION Jkt 241001 Frm 00030 Fmt 4703 Open Session A. Approval of Minutes • July 13, 2017 B. New Business • Compeer Financial, ACA’s Request to Invest in a Rural Continuous Care Facility Date: August 7, 2017. Dale L. Aultman, Secretary, Farm Credit Administration Board. [FR Doc. 2017–16846 Filed 8–7–17; 11:15 am] BILLING CODE 6705–01–P FEDERAL COMMUNICATIONS COMMISSION Deletion of Items From Sunshine Act Meeting July 31, 2017. The following agenda item has been adopted by the Commission, and deleted from the list of items scheduled for consideration at the Thursday, August 3, 2017, Open Meeting and previously listed in the Commission’s Notice of July 27, 2017. Title: Implementation of section 25.281(b) Transmitter Identification Requirements for Video Uplink Transmissions (IB Docket No. 12– 267). Summary: The Commission will consider a Memorandum Opinion and Order that waives the requirement that satellite news trucks, and other temporary-fixed satellite earth stations transmitting digital video, comply with the Digital Video Broadcasting-Carrier Identification (DVB–CID) standard if the earth station uses a modulator that cannot meet the DVB–CID standard through a software upgrade. 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 August 23, 2017. A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior Manager) P.O. Box 442, St. Louis, Missouri PO 00000 email confirmation from us. Please be prepared to show a photo identification when you arrive. If you need assistance for accessibility reasons, or if you have any questions, contact Dale L. Aultman, Secretary to the Farm Credit Administration Board, at (703) 883– 4009. The matters to be considered at the meeting are: Sfmt 4703 63166–2034. Comments can also be sent electronically to Comments.applications@stls.frb.org: 1. Joseph C. Stewart III; Sheila M. Stewart; Joseph C. Stewart III and Sheila M. Stewart, Husband and Wife, as Tenants by the Entirety; the Joseph C. Stewart III Family Trust DTD 4/9/98, Troy J. Scheske, Trustee; Joseph C. Stewart III as custodian for and with voting power over shares owned by two minor children; the Joseph C. Stewart III Irrevocable Trust U/T Stewart Banking Trust DTD 10/11/98, Joseph C. Stewart III, Trustee; the Wendy C. Stewart Exempt Trust DTD 3/29/05, Judith A. Kite, Trustee; and the Wendy C. Stewart Irrevocable Trust U/T Stewart Banking E:\FR\FM\09AUN1.SGM 09AUN1 Federal Register / Vol. 82, No. 152 / Wednesday, August 9, 2017 / Notices Trust DTD 10/11/98, Charles A. Hapke and Wendy C. Stewart, Trustees, all of Sunset Hills, Missouri, as members of a family control group, to retain voting shares of BancStar, Inc., St. Louis, Missouri, and thereby retain shares of Bank Star, Pacific, Missouri. Board of Governors of the Federal Reserve System, August 3, 2017. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2017–16712 Filed 8–8–17; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM [Docket No. OP–1570] Proposed Guidance on Supervisory Expectation for Boards of Directors Board of Governors of the Federal Reserve System (Board). ACTION: Notice. AGENCY: The Board invites comment on a proposal addressing supervisory expectations for the boards of directors of bank holding companies, savings and loan holding companies, state member banks, U.S. branches and agencies of foreign banking organizations, and systemically important nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve. For the largest domestic bank and savings and loan holding companies and systemically important nonbank financial companies, the proposal would establish principles regarding effective boards of directors focused on the performance of a board’s core responsibilities. The proposal would also better distinguish between the roles and responsibilities of an institution’s board of directors and those of senior management. For domestic bank and savings and loan holding companies, the proposal also would eliminate or revise supervisory expectations contained in certain existing Federal Reserve Supervision and Regulation letters, which would be aligned with existing or proposed guidance for boards depending on the size of the firm. DATES: Comments must be received no later than October 10, 2017. ADDRESSES: Interested parties are invited to submit written comments by following the instructions for submitting comments at http:// www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:00 Aug 08, 2017 Jkt 241001 • Email: regs.comments@ federalreserve.gov. Include the docket number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: Address to Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. All public comments will be made available on the Board’s Web site at http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room 3515, 1801 K Street NW. (between 18th and 19th Street NW.), Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. FOR FURTHER INFORMATION CONTACT: Michael Hsu, Associate Director, (202) 912–4330, Michael Solomon, Associate Director, (202) 452–3502, Richard Naylor, Associate Director, (202) 728– 5854, Division of Supervision and Regulation; Ben McDonough, Assistant General Counsel, (202) 452–2036, Scott Tkacz, Senior Counsel, (202) 452–2744, Keisha Patrick, Senior Counsel, (202) 452–3559, or Chris Callanan, Senior Attorney, (202) 452–3594, Legal Division, Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551. For the hearing impaired only, Telecommunications Device for the Deaf (TDD) users may contact (202) 263– 4869. SUPPLEMENTARY INFORMATION: The Board invites comment on a proposal addressing supervisory expectations on boards of directors (boards or boards of directors). The proposal has been informed by a multi-year review by the Federal Reserve of practices of boards of directors, particularly at the largest banking organizations. The review assessed, among other things, the factors that make boards effective, the challenges boards face, and how boards influence the safety and soundness of their firms and promote compliance with laws and regulations. The Federal Reserve also reviewed expectations contained in Board supervisory guidance. This notice and the guidance proposed herein constitute the results of the review. Among other things, the results of the review and discussions with independent directors suggest that supervisory expectations for boards of PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 37219 directors and senior management have become increasingly difficult to distinguish. Greater clarity regarding these supervisory expectations could improve corporate governance overall, increase efficiency, support greater accountability, and promote compliance with laws and regulations. The results of the review also suggest that boards often devote a significant amount of time satisfying supervisory expectations that do not directly relate to the board’s core responsibilities, which include guiding the development of the firm’s strategy and the types and levels of risk it is willing to take (also referred to as risk tolerance), overseeing senior management and holding them accountable for effective risk management and compliance among other responsibilities, supporting the stature and independence of the firm’s independent risk management and internal audit functions, and adopting effective governance practices. Boards completing such non-core tasks may do so at the expense of sufficiently focusing on their core responsibilities, which when exercised effectively promote the safety and soundness of the firm. Finally, the results of the review suggest that boards of large financial institutions face significant information flow challenges, especially in preparing for and participating in board meetings. Absent actively managing its information flow, boards can be overwhelmed by the quantity and complexity of information they receive. Although boards have oversight responsibilities over senior management, they are inherently disadvantaged given their dependence on senior management for the quality and availability of information. The Board invites comment on a proposal consisting of three parts that are each intended to refocus supervisory expectations for boards on a board’s core responsibilities. The first part includes proposed supervisory guidance addressing effective boards of directors (proposed BE guidance), which would apply to all bank and savings and loan holding companies with total consolidated assets of $50 billion or more, and to systemically important nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve.1 The proposed BE guidance would clarify supervisory expectations for boards as distinct from 1 The proposed BE guidance would not apply to U.S. intermediate holding companies (IHCs) of foreign banking organizations (FBOs) established pursuant to Regulation YY. The Board anticipates proposing guidance on board effectiveness for IHCs at a later date. E:\FR\FM\09AUN1.SGM 09AUN1

Agencies

[Federal Register Volume 82, Number 152 (Wednesday, August 9, 2017)]
[Notices]
[Pages 37218-37219]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-16712]


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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 August 23, 2017.
    A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior 
Manager) P.O. Box 442, St. Louis, Missouri 63166-2034. Comments can 
also be sent electronically to Comments.applications@stls.frb.org:
    1. Joseph C. Stewart III; Sheila M. Stewart; Joseph C. Stewart III 
and Sheila M. Stewart, Husband and Wife, as Tenants by the Entirety; 
the Joseph C. Stewart III Family Trust DTD 4/9/98, Troy J. Scheske, 
Trustee; Joseph C. Stewart III as custodian for and with voting power 
over shares owned by two minor children; the Joseph C. Stewart III 
Irrevocable Trust U/T Stewart Banking Trust DTD 10/11/98, Joseph C. 
Stewart III, Trustee; the Wendy C. Stewart Exempt Trust DTD 3/29/05, 
Judith A. Kite, Trustee; and the Wendy C. Stewart Irrevocable Trust U/T 
Stewart Banking

[[Page 37219]]

Trust DTD 10/11/98, Charles A. Hapke and Wendy C. Stewart, Trustees, 
all of Sunset Hills, Missouri, as members of a family control group, to 
retain voting shares of BancStar, Inc., St. Louis, Missouri, and 
thereby retain shares of Bank Star, Pacific, Missouri.

    Board of Governors of the Federal Reserve System, August 3, 
2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017-16712 Filed 8-8-17; 8:45 am]
BILLING CODE 6210-01-P