Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 3146 [2018-01133]
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Federal Register / Vol. 83, No. 15 / Tuesday, January 23, 2018 / Notices
Reporters: U.S. state member banks,
holding companies, and Edge or
agreement corporations.
Estimated Annual Reporting Hours:
FR 2314 (quarterly): 13,807; FR 2314
(annual): 1,690; FR 2314S: 322.
Estimated Average Hours per
Response: FR 2314 (quarterly): 6.6; FR
2314 (annual): 6.6; FR 2314S: 1.
Number of Respondents: FR 2314
(quarterly): 523; FR 2314 (annual): 256;
FR 2314S: 322.
General Description of Report: The FR
2314 reporting forms collect financial
information for non-functionally
regulated direct or indirect foreign
subsidiaries of U.S. state member banks
(SMBs), Edge and agreement
corporations, and holding companies
(i.e., bank holding companies, savings
and loan holding companies, securities
holding companies, and intermediate
holding companies). Parent
organizations (SMBs, Edge and
agreement corporations, or holding
companies) file the FR 2314 on a
quarterly or annual basis, or the FR
2314S on an annual basis,
predominantly based on whether the
organization meets certain asset size
thresholds described in the instructions
to the reports. The FR 2314 data are
used to identify current and potential
problems at the foreign subsidiaries of
U.S. parent companies, to monitor the
activities of U.S. banking organizations
in specific countries, and to develop a
better understanding of activities within
the industry, in general, and of
individual institutions, in particular.
Current Actions: On July 18, 2017, the
Board published a notice in the Federal
Register (82 FR 43367) requesting
public comment on the extension for
three years with revision of the FR Y–
11, FR Y–11S, FR 2314, and the FR
2314S. The Board proposed to revise the
instructions for Schedule IS (and related
line item captions on the reporting
form) to remove the term ‘‘extraordinary
items’’ and replace it with
‘‘discontinued operations,’’ in
accordance with revised accounting
standards issued by the Financial
Accounting Standards Board in ASU
No. 2015–01, ‘‘Simplifying Income
Statement Presentation by Eliminating
the Concept of Extraordinary Items.’’ In
addition, the terms ‘‘Loans net of
unearned income’’ and ‘‘Loans held for
investment’’ are being used
interchangeably throughout certain
regulatory reports although both
descriptions are intended to have the
same reported amounts. Consistent with
the Call Report, the Federal Reserve is
revising the captions and instructions
‘‘Loans net of unearned income’’ and
replace with ‘‘Loans held for
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17:59 Jan 22, 2018
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investment’’ on all reports where
applicable for clarity and internal
consistency. The proposal was amended
September 11, 2017, to extend the
proposed implementation date from
September 30, 2017, to March 31, 2018.
The comment period expired on
September 18, 2017, and no comments
were received. The revisions will be
implemented as proposed.
Legal Authorization and
Confidentiality: The Board has the
authority to collect the information
requested on the FR Y–11 series of
reports and the FR 2314 series of reports
from bank holding companies, savings
and loan holding companies (SLHCs),
securities holding companies, and
intermediate holding companies (IHCs)
under, respectively, section 5(c) of the
Bank Holding Company Act (BHC Act),
(12 U.S.C. 1844(c)) (BHCs and IHCs); the
Homeowners’ Loan Act, (12 U.S.C.
1467a(b)(2)) (SLHCs); section 165 of the
Dodd-Frank Act, (12 U.S.C. 5365) (IHCs
only); and section 618 of the DoddFrank Act, (12 U.S.C. 850a) (securities
holding companies). Collection of
information from non-functionally
regulated direct or indirect foreign
subsidiaries of U.S. state member banks,
Edge and agreement corporations filing
the FR 2314 series of reports is
authorized under sections 9(6), 25(7)
and 25A(17) of the Federal Reserve Act,
(12 U.S.C. 324, 602, and 625),
respectively. The Federal Reserve does
not consider the data collected by the
FR Y–11 series of reports or FR 2314
series of reports to be confidential.
However, a respondent may request
confidential treatment pursuant to
sections (b)(4), (b)(6), and (b)(8) of the
Freedom of Information Act (5 U.S.C.
552(b)(4), (b)(6), (b)(8)). The
applicability of these exemptions would
be determined on a case-by-case basis.
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 February
12, 2018.
A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Guy L. Berry and William L. Berry,
both of Sapulpa, Oklahoma;
individually, to retain voting shares of
American Bancorporation, Inc.,
Sapulpa, Oklahoma, and thereby
indirectly retain shares of American
Heritage Bank, Sapulpa, Oklahoma.
In addition, James A. Dilley Jr., Jarrett
Blake Dilley, Kaylee D. Berry, Hannah
D. Berry, Brooklyn B. Berry, and the Guy
L. Berry, Jr. Trust B–1, all of Sapulpa,
Oklahoma, to retain/acquire voting
shares and be approved as members of
the Berry Family Group which, acting in
concert, controls American
Bancorporation.
2. Jeffrey Royal, Omaha, Nebraska; to
retain voting shares of Tri Valley
Bancshares, Inc., and thereby retain
voting shares of Tri Valley Bank, both of
Talmage, Nebraska.
Board of Governors of the Federal Reserve
System, January 18, 2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018–01133 Filed 1–22–18; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
Board of Governors of the Federal Reserve
System, January 18, 2018.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
Proposed Agency Information
Collection Activities; Comment
Request
[FR Doc. 2018–01150 Filed 1–22–18; 8:45 am]
AGENCY:
BILLING CODE 6210–01–P
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
FEDERAL RESERVE SYSTEM
SUMMARY:
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
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The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, with revision, the reports on
Margin Credit (FR G–1, FR G–2, FR G–
4; OMB No. 7100–0011. FR G–3; OMB
No. 7100–0018. FR T–4; OMB No. 7100–
0019. FR U–1; OMB No. 7100–0115).
DATES: Comments must be submitted on
or before March 26, 2018.
ADDRESSES: You may submit comments,
identified by FR G–1, FR G–2, FR G–3,
E:\FR\FM\23JAN1.SGM
23JAN1
]]>Agencies
[Federal Register Volume 83, Number 15 (Tuesday, January 23, 2018)]
[Notices]
[Page 3146]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-01133]
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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 February 12, 2018.
A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
1. Guy L. Berry and William L. Berry, both of Sapulpa, Oklahoma;
individually, to retain voting shares of American Bancorporation, Inc.,
Sapulpa, Oklahoma, and thereby indirectly retain shares of American
Heritage Bank, Sapulpa, Oklahoma.
In addition, James A. Dilley Jr., Jarrett Blake Dilley, Kaylee D.
Berry, Hannah D. Berry, Brooklyn B. Berry, and the Guy L. Berry, Jr.
Trust B-1, all of Sapulpa, Oklahoma, to retain/acquire voting shares
and be approved as members of the Berry Family Group which, acting in
concert, controls American Bancorporation.
2. Jeffrey Royal, Omaha, Nebraska; to retain voting shares of Tri
Valley Bancshares, Inc., and thereby retain voting shares of Tri Valley
Bank, both of Talmage, Nebraska.
Board of Governors of the Federal Reserve System, January 18,
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-01133 Filed 1-22-18; 8:45 am]
BILLING CODE P
