Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies, 2987-2988 [2018-00947]

Download as PDF ethrower on DSK3G9T082PROD with NOTICES Federal Register / Vol. 83, No. 14 / Monday, January 22, 2018 / Notices form and instructions for the FR Y–7N to eliminate the concept of extraordinary items to be consistent with Accounting Standards Update (ASU) 2015–01, reclassify and clarify the reporting for certain tax benefits, and replace report form captions and instructions referencing ‘‘Loans net of unearned income’’ with ‘‘Loans held for investment.’’ Effective Date: March 31, 2018. Legal authorization and confidentiality: The FR Y–7N, FR Y– 7NS, and FR Y–7Q are authorized by section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)) and sections 8(c) and 13 of the International Banking Act (12 U.S.C. 3106(c) and 3108). Section 165 of the Dodd-Frank Act (12 U.S.C. 5365) directs the Board to establish enhanced prudential standards for certain companies, including certain FBOs. The obligation of covered institutions to report this information is mandatory. Information disclosed in these reports is collected as part of the Board’s supervisory process and may be accorded confidential treatment under exemption 8 of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(8)), but information that is required to be disclosed publicly is generally not considered confidential. However, individual respondents may request that certain data be protected pursuant to Exemptions 4 and 6 (5 U.S.C. 552(b)(4) and (6)) of FOIA, where such data relates to trade secrets and financial information, or to personal information, respectively. The applicability of these exemptions would have to be determined on a case-by-case basis. 3. Report title: Consolidated Report of Condition and Income for Edge and Agreement Corporations. Agency form number: FR 2886b. OMB control number: 7100–0086. Frequency: Quarterly. Reporters: Banking Edge and agreement corporations and investment (nonbanking) Edge and agreement corporations. Estimated annual reporting hours: Banking: Edge and agreement corporations (quarterly): 424; Banking: Edge and agreement corporations (annually): 15; Investment: Edge and agreement corporations (quarterly): 922; Investment: Edge and agreement corporations (annually): 86. Estimated average hours per response: Banking: Edge and agreement corporations (quarterly): 15.15; Banking: Edge and agreement corporations (annually): 15.15; Investment: Edge and agreement corporations (quarterly): 9.6; Investment: Edge and agreement corporations (annually): 9.6. VerDate Sep<11>2014 19:00 Jan 19, 2018 Jkt 244001 Number of respondents: Banking: Edge and agreement corporations (quarterly): 7; Banking: Edge and agreement corporations (annually): 1; Investment: Edge and agreement corporations (quarterly): 24; Investment: Edge and agreement corporations (annually): 9. General description of report: The FR 2886b reporting form is filed quarterly and annually by banking Edge and agreement corporations and investment (nonbanking) Edge and agreement corporations (collectively, ‘‘Edges or Edge corporations’’). The mandatory FR 2886b comprises an income statement with two schedules reconciling changes in capital and reserve accounts and a balance sheet with 11 supporting schedules. Other than examination reports, it provides the only financial data available for these corporations. The Federal Reserve is solely responsible for authorizing, supervising, and assigning ratings to Edges. The Federal Reserve uses the data collected on the FR 2886b to identify present and potential problems and monitor and develop a better understanding of activities within the industry. Proposed revisions: The Federal Reserve proposes to revise the report form and instructions to eliminate the concept of extraordinary items to be consistent with Accounting Standards Update (ASU) 2015–01, reclassify and clarify the reporting for certain tax benefits in the reporting instructions, and replace report form captions and instructions referencing ‘‘Loans net of unearned income’’ with ‘‘Loans held for investment.’’ These changes would be effective for reports reflecting the March 31, 2018, report date. Effective Date: March 31, 2018. Legal authorization and confidentiality: Sections 25 and 25A of the Federal Reserve Act authorize the Federal Reserve to collect the FR 2886b (12 U.S.C. 602, 625). The obligation to report this information is mandatory. The information collected on the FR 2886b is generally not considered confidential, but certain data may be exempt from disclosure pursuant to exemption (b)(4) and (b)(7)(C) of the Freedom of Information Act, (5 U.S.C. 552(b)(4) and (b)(7)(C)). The information exempt from disclosure pursuant to (b)(4) consists of information provided on Schedule RC–M (with the exception for item 3) and on Schedule RC–V, both of which pertain to claims on and liabilities to related organizations. The information exempt from disclosure pursuant to exemption (b)(7)(C) is information provided in the Patriot Act Contact Information section of the reporting form. PO 00000 Frm 00030 Fmt 4703 Sfmt 4703 2987 Current actions: On July 18, 2017, the Board published a notice in the Federal Register (82 FR 32812) requesting public comment for 60 days on the proposal to extend with revision the FR Y–9C, FR Y–9LP, FR Y–7N, and FR 2886b; and to extend without revision the FR Y–9ES, FR Y–9CS, FR Y–7NS, and FR Y–7Q. The comment period expired on September 18, 2017. The Board received one comment from a banking association that, while expressing support for the FR Y–9C proposed changes, urged the Board to have the FR Y–9C revisions incorporated into the March 31, 2018, report date (rather than the September 30, 2017, report date) to harmonize the proposed changes with the proposed changes to the Call Reports. The Board has approved, pursuant to authority delegated by the OMB, the collections of information as proposed and amended (as discussed below). Detailed Discussion of Public Comments: In response to the commenter’s suggestion, the Board amended the proposal on September 11, 2017 (82 FR 43367), to make the proposed changes to the FR Y–9C family of reports, the FR Y–7N family of reports, and the FR 2886b report effective with the reports reflecting the March 31, 2018, report date. This effective date should give institutions ample time to prepare for the revisions and would minimize burden by allowing institutions to prepare their systems once for these changes and any future burden-reducing changes targeted for that report date. The comment period for the proposal expired on September 18, 2017. The Board did not receive any additional comments. The revisions will be implemented as proposed and amended on September 11, 2017. Board of Governors of the Federal Reserve System, January 17, 2018. Ann E. Misback, Secretary of the Board. [FR Doc. 2018–01056 Filed 1–19–18; 8:45 am] BILLING CODE 6210–01–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 E:\FR\FM\22JAN1.SGM 22JAN1 2988 Federal Register / Vol. 83, No. 14 / Monday, January 22, 2018 / Notices loan holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a 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 February 15, 2018. A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105– 1521. Comments can also be sent electronically to Comments.applications@phil.frb.org: 1. William Penn Mutual Holding Company and William Penn Bancorp, Levittown, Pennsylvania; to acquire voting shares of Audubon Savings Bank, Audubon, New Jersey, and thereby merge it with William Penn Bank, Levittown, Pennsylvania. Board of Governors of the Federal Reserve System, January 16, 2018. Ann E. Misback, Secretary of the Board. [FR Doc. 2018–00947 Filed 1–19–18; 8:45 am] 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 February 14, 2018. A. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. Independent Bank Group, Inc., McKinney, Texas; to acquire 100 percent of the voting shares of Integrity Bancshares, Inc., and indirectly acquire shares of Integrity Bank, SSB, both of Houston, Texas. Board of Governors of the Federal Reserve System, January 16, 2018. Ann E. Misback, Secretary of the Board. [FR Doc. 2018–00948 Filed 1–19–18; 8:45 am] BILLING CODE P FEDERAL RETIREMENT THRIFT INVESTMENT Board Member Meeting 77 K Street NE, 10th Floor, Washington, DC 20002, January 22, 2018, 8:30 a.m. (InPerson) BILLING CODE P Open Session Formations of, Acquisitions by, and Mergers of Bank Holding Companies ethrower on DSK3G9T082PROD with NOTICES FEDERAL RESERVE SYSTEM 1. Approval of the minutes for the December 18, 2017 Board Meeting 2. Monthly Reports (a) Participant Activity Report (b) Legislative Report 3. Quarterly Reports (c) Investment Policy (d) Budget Review (e) Audit Status 4. IT Update 5. Annual Expense Ratio Review 6. Blended Retirement Update 7. Vendor Financials 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 VerDate Sep<11>2014 19:00 Jan 19, 2018 Jkt 244001 PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 Closed Session Information covered under 5 U.S.C. 552b (c)(4) and (c)(9)(B). CONTACT PERSON FOR MORE INFORMATION: Kimberly Weaver, Director, Office of External Affairs, (202) 942–1640. Dated: January 16, 2018. Kimberly Weaver, Director, Office of External Affairs. Megan Grumbine, General Counsel, Federal Retirement Thrift Investment Board. [FR Doc. 2018–01050 Filed 1–19–18; 8:45 am] BILLING CODE 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 pertaining to the Commission’s administrative activities. That clearance expires on April 30, 2018, and consists of: (a) Applications to the Commission, including applications and notices contained in the Commission’s Rules of Practice (primarily Parts I, II, and IV); (b) the FTC’s consumer complaint systems; and (c) the FTC’s program evaluation activities. DATES: Comments must be received on or before March 23, 2018. ADDRESSES: Interested parties may file a comment online or on paper by following the instructions in the Request for Comments part of the SUPPLEMENTARY INFORMATION section below. Write ‘‘Paperwork Reduction Act: FTC File No. P072108’’ on your comment, and file your comment online at https://ftcpublic.commentworks.com/ ftc/adminactivitiespra by following the instructions on the web-based form. If you prefer to file your comment on paper, mail your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite CC–5610 (Annex J), Washington, DC 20580, or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, SUMMARY: E:\FR\FM\22JAN1.SGM 22JAN1

Agencies

[Federal Register Volume 83, Number 14 (Monday, January 22, 2018)]
[Notices]
[Pages 2987-2988]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-00947]


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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

[[Page 2988]]

loan holding company and/or to acquire the assets or the ownership of, 
control of, or the power to vote shares of a 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 February 15, 2018.
    A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521. Comments can also be sent electronically to 
[email protected]:

    1. William Penn Mutual Holding Company and William Penn Bancorp, 
Levittown, Pennsylvania; to acquire voting shares of Audubon Savings 
Bank, Audubon, New Jersey, and thereby merge it with William Penn Bank, 
Levittown, Pennsylvania.

    Board of Governors of the Federal Reserve System, January 16, 
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-00947 Filed 1-19-18; 8:45 am]
 BILLING CODE P
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