Proposed Guidance on Supervisory Expectations for Boards of Directors, 47206-47207 [2017-21859]
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47206
Federal Register / Vol. 82, No. 195 / Wednesday, October 11, 2017 / Notices
Philadelphia, Pennsylvania 19105–
1521. Comments can also be sent
electronically to
Comments.applications@phil.frb.org:
1. Stephen M. Holden, Merchantville,
New Jersey; as co-Voting Trustee of the
J. Mark Baiada Voting Trust, Toms
River, New Jersey, to join J. Mark
Baiada, Moorestown, New Jersey; Ann
Baiada, Moorestown, New Jersey; the
1994 Baiada Family Trust, Evergreen,
Colorado; Michael Baiada, Evergreen,
Colorado, as trustee of the 1994 Baiada
Family Trust; L. Mathew and Janet
Baiada, Moorestown, New Jersey; Paul
Melan Baiada, Moorestown, New Jersey;
the Paul Melan Baiada 1999 Family
Trust, Moorestown, New Jersey; Diane
Baiada, Moorestown, New Jersey, as
trustee of the Paul Melan Baiada 1999
Family Trust; the Baiada Trust for the
Benefit of Caitlin Baiada, Moorestown,
New Jersey; Diane Baiada and Michael
Baiada, as trustees of the Baiada Trust
for the Benefit of Caitlin Baiada; the
Baiada Trust for the Benefit of Emma
Baiada, Moorestown, New Jersey; Diane
Baiada and Michael Baiada, as trustees
of the Baiada Trust for the Benefit of
Emma Baiada; and OceanFirst Bank,
Toms River, New Jersey as the co-Voting
Trustee of the J. Mark Baiada Voting
Trust, Toms River, New Jersey, as part
of a group acting in concert to retain
voting shares and thereby retain shares
of Cornerstone Financial Corporation,
Mount Laurel, New Jersey, and thereby
retain shares of Cornerstone Bank,
Mount Laurel, New Jersey.
Board of Governors of the Federal Reserve
System, October 5, 2017.
Ann Misback,
Secretary of the Board.
[FR Doc. 2017–21949 Filed 10–10–17; 8:45 am]
BILLING CODE P
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 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
VerDate Sep<11>2014
17:58 Oct 10, 2017
Jkt 244001
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 November 6,
2017.
A. 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. First Financial Bancorp, Cincinnati,
Ohio; to merge with MainSource
Financial Group, Inc., and thereby
indirectly acquire MainSource Bank,
both of Greensburg, Indiana.
B. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. BancFirst Corporation, Oklahoma
City, Oklahoma; to merge with First
Wagoner Corporation, and thereby
indirectly acquire shares of First Bank
and Trust Company, both of Wagoner,
Oklahoma.
2. BancFirst Corporation, Oklahoma
City, Oklahoma; to merge with First
Chandler Corp., and thereby indirectly
acquire shares of First Bank of Chandler,
both of Chandler, Oklahoma.
Board of Governors of the Federal Reserve
System, October 4, 2017.
Ann Misback,
Secretary of the Board.
[FR Doc. 2017–21791 Filed 10–10–17; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
[Docket No. OP–1570]
Proposed Guidance on Supervisory
Expectations for Boards of Directors
Board of Governors of the
Federal Reserve System (Board).
ACTION: Notice; extension of comment
period.
AGENCY:
On August 9, 2017, the Board
published in the Federal Register
SUMMARY:
PO 00000
Frm 00036
Fmt 4703
Sfmt 4703
proposed guidance on supervisory
expectations for boards of directors. To
facilitate effective public comment on
the proposed guidance, the Board has
determined that an extension of the
comment period until November 30,
2017, is appropriate. This action will
allow interested persons additional time
to analyze the proposal and prepare
their comments.
DATES: Comments on the proposal must
be received on or before November 30,
2017.
ADDRESSES: You may submit comments
by any of the methods identified in the
proposal.1 Please submit your
comments using only one method.
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: On August
9, 2017, the Board published in the
Federal Register proposed guidance on
supervisory expectations for boards of
directors of firms supervised by the
Federal Reserve. The proposal addresses
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 attributes
of effective boards centered on the
board’s core responsibilities, which
support safety and soundness, and
would provide the framework with
which the Federal Reserve would
evaluate the effectiveness of a firm’s
boards of directors. For all domestic
bank and savings and loan holding
1 See ‘‘Proposed Guidance on Supervisory
Expectation for Boards of Directors,’’ 82 FR 37219
(August 9, 2017).
E:\FR\FM\11OCN1.SGM
11OCN1
Federal Register / Vol. 82, No. 195 / Wednesday, October 11, 2017 / Notices
companies, supervisory expectations for
boards of directors contained in certain
existing Federal Reserve Supervision
and Regulation letters would be revised
or eliminated to better distinguish a
board’s roles and responsibilities from
those of senior management and allow
boards to focus more of their time and
resources on fulfilling their core
responsibilities.
In recognition of the range of issues
addressed and the variety of
considerations involved with
implementing the proposal, the Board
requested that commenters respond to a
number of questions. The proposal
stated that the comment period would
close on October 10, 2017.2
An extension of the comment period
will facilitate public comment on the
provisions of the proposal and the
questions posed by the Board.
Therefore, the Board is extending the
end of the comment period for the
proposal from October 10, 2017, to
November 30, 2017.
By order of the Board of Governors of the
Federal Reserve System, acting through the
Secretary of the Board under delegated
authority, October 5, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017–21859 Filed 10–10–17; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
asabaliauskas on DSKBBXCHB2PROD with NOTICES
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 October
24, 2017.
A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
2 Id.
VerDate Sep<11>2014
17:58 Oct 10, 2017
Jkt 244001
1. Susan Schardt, Kearney, Nebraska,
individually, and as co-trustee of the
following trusts: Brian Schardt Trust No.
2; the Christina Nokelby Trust No. 2; the
Kimberly Schardt Porter Trust No. 2;
and the Rebecca Rathjen Trust No. 2,
and as a member of the Schardt Family
Group; to acquire shares of Bank
Management, Inc., Wahoo, Nebraska
and thereby indirectly acquire voting
shares of First Bank of Nebraska,
Wahoo, Nebraska.
2. Susan Schardt, Kearney, Nebraska,
individually, and as co-trustee of the
following trusts: Brian Schardt Trust No.
2; the Christina Nokelby Trust No. 2; the
Kimberly Schardt Porter Trust No. 2;
and the Rebecca Rathjen Trust No. 2; to
acquire voting shares of Exchange
Company, Kearney, Nebraska, and
thereby indirectly acquire voting shares
of Exchange Bank, Gibbon, Nebraska.
B. Federal Reserve Bank of Dallas
(Robert L. Triplett III, Senior Vice
President) 2200 North Pearl Street,
Dallas, Texas 75201–2272:
1. Robert G. Good, Corrales, New
Mexico; and Robert G. Good, M. Carolyn
Good, Los Ranchos, New Mexico, the
Good Living Trust/Family Trust, Los
Ranchos, New Mexico, Cynthia Alysce
Good, Andover, Massachusetts, the 2005
Natalie Grace Good Trust, Andover,
Massachusetts, and Thomas Cody
Graves, the Lisa L. Graves Heritage
Trust, the Cody Clark Graves Heritage
Trust, and the Debra L. Graves Bridges
Heritage Trust, all of Goldthwaite,
Texas, as a group acting in concert (the
Good-Graves Family Group); to retain
voting shares of Goldthwaite
Bancshares, Inc., Goldthwaite, Texas,
and thereby retain shares of Mills
County State Bank, Goldthwaite, Texas.
Board of Governors of the Federal Reserve
System, October 4, 2017.
Ann Misback,
Secretary of the Board.
[FR Doc. 2017–21792 Filed 10–10–17; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Savings and Loan Holding
Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Home Owners’ Loan Act
(12 U.S.C. 1461 et seq.) (HOLA),
Regulation LL (12 CFR part 238), and
Regulation MM (12 CFR part 239), and
all other applicable statutes and
regulations to become a savings and
loan holding company and/or to acquire
the assets or the ownership of, control
of, or the power to vote shares of a
PO 00000
Frm 00037
Fmt 4703
Sfmt 4703
47207
savings association and nonbanking
companies owned by the savings and
loan 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 application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the
HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 November 7,
2017.
A. 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. First Mutual Holding Co.,
Lakewood, Ohio; to acquire First Mutual
Bank, Belpre, Ohio.
Board of Governors of the Federal Reserve
System, October 4, 2017.
Ann Misback,
Secretary of the Board.
[FR Doc. 2017–21876 Filed 10–10–17; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL TRADE COMMISSION
Agency Information Collection
Activities; Proposed Collection;
Comment Request
Federal Trade Commission
(‘‘FTC’’ or ‘‘Commission’’).
ACTION: Notice.
AGENCY:
The information collection
requirements described below will be
submitted to the Office of Management
and Budget (OMB) for review, as
required by the Paperwork Reduction
Act (PRA). The FTC seeks public
comments on its proposal to extend, for
three years, the current PRA clearance
for information collection requirements
contained in its Trade Regulation Rule
entitled Labeling and Advertising of
Home Insulation (R-value Rule or Rule).
SUMMARY:
E:\FR\FM\11OCN1.SGM
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Agencies
[Federal Register Volume 82, Number 195 (Wednesday, October 11, 2017)]
[Notices]
[Pages 47206-47207]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-21859]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
[Docket No. OP-1570]
Proposed Guidance on Supervisory Expectations for Boards of
Directors
AGENCY: Board of Governors of the Federal Reserve System (Board).
ACTION: Notice; extension of comment period.
-----------------------------------------------------------------------
SUMMARY: On August 9, 2017, the Board published in the Federal Register
proposed guidance on supervisory expectations for boards of directors.
To facilitate effective public comment on the proposed guidance, the
Board has determined that an extension of the comment period until
November 30, 2017, is appropriate. This action will allow interested
persons additional time to analyze the proposal and prepare their
comments.
DATES: Comments on the proposal must be received on or before November
30, 2017.
ADDRESSES: You may submit comments by any of the methods identified in
the proposal.\1\ Please submit your comments using only one method.
---------------------------------------------------------------------------
\1\ See ``Proposed Guidance on Supervisory Expectation for
Boards of Directors,'' 82 FR 37219 (August 9, 2017).
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: On August 9, 2017, the Board published in
the Federal Register proposed guidance on supervisory expectations for
boards of directors of firms supervised by the Federal Reserve. The
proposal addresses 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 attributes of effective boards
centered on the board's core responsibilities, which support safety and
soundness, and would provide the framework with which the Federal
Reserve would evaluate the effectiveness of a firm's boards of
directors. For all domestic bank and savings and loan holding
[[Page 47207]]
companies, supervisory expectations for boards of directors contained
in certain existing Federal Reserve Supervision and Regulation letters
would be revised or eliminated to better distinguish a board's roles
and responsibilities from those of senior management and allow boards
to focus more of their time and resources on fulfilling their core
responsibilities.
In recognition of the range of issues addressed and the variety of
considerations involved with implementing the proposal, the Board
requested that commenters respond to a number of questions. The
proposal stated that the comment period would close on October 10,
2017.\2\
---------------------------------------------------------------------------
\2\ Id.
---------------------------------------------------------------------------
An extension of the comment period will facilitate public comment
on the provisions of the proposal and the questions posed by the Board.
Therefore, the Board is extending the end of the comment period for the
proposal from October 10, 2017, to November 30, 2017.
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority, October 5, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-21859 Filed 10-10-17; 8:45 am]
BILLING CODE P