Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 6850 [2018-03158]
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6850
Federal Register / Vol. 83, No. 32 / Thursday, February 15, 2018 / Notices
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. Board-approved
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 Board 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.
Final approval under OMB delegated
authority of the extension for three
years, without revision, of the following
report:
Report title: Disclosure Requirements
Associated with CFPB’s Regulation DD
(Truth in Savings Act (TISA)).
Agency form number: FR DD.
OMB control number: 7100–0271.
Frequency: Monthly.
Respondents: State member banks,
branches and agencies of foreign banks
(other than federal branches, federal
agencies, and insured state branches of
foreign banks), commercial lending
companies owned or controlled by
foreign banks, and organizations
operating under section 25 or 25A of the
Federal Reserve Act.
Estimated number of respondents:
936.
Estimated average hours per response:
Account disclosures, 1 hour; Change in
terms notices, 1.5 hours; Notices prior to
maturity, 1.5 hours; Periodic statement
disclosure, 8 hours; and Advertising, 30
minutes.
Estimated annual burden hours:
Account disclosures: 11,232 hours;
Change in terms notices: 16,848 hours;
Notices prior to maturity: 16,848 hours;
Periodic statement disclosure: 89,856
hours; and Advertising: 5,616 hours.
General description of report: TISA
was contained in the Federal Deposit
Insurance Corporation Improvement Act
of 1991. The purpose of TISA and its
implementing regulation is to assist
consumers in comparing deposit
accounts offered by institutions,
principally through the disclosure of
fees, the annual percentage yield (APY),
and other account terms. TISA requires
depository institutions to disclose key
terms for deposit accounts at account
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SUPPLEMENTARY INFORMATION:
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opening, upon request, when certain
changes in terms occur, and in periodic
statements. It also includes rules about
advertising for deposit accounts. TISA
does not provide exemptions from
compliance for small institutions.
Legal authorization and
confidentiality: The Board’s Legal
Division has determined that section
269 of TISA specifically authorizes the
CFPB ‘‘to prescribe regulations’’ to carry
out the purposes and provisions of the
Act, as well as to adopt model forms
and clauses for common disclosures to
facilitate compliance (12 U.S.C. 4308).
FR DD implements this statutory
provision (12 CFR part 1030). The
Board’s imposition of the disclosure
requirements on Board-supervised
institutions is authorized by Section 270
of TISA, 12 U.S.C. 4309, and the
provisions of Regulation DD (12 CFR
1030.1(a), 1030.2(j)). An institution’s
disclosure obligations under Regulation
DD are mandatory. The Board does not
collect any information; therefore, no
issue of confidentiality arises.
Current actions: On November 22,
2017, the Board published a notice in
the Federal Register (82 FR 55608)
requesting public comment for 60 days
on the extension, without revision, of
the Disclosure Requirements Associated
with CFPB’s Regulation DD (Truth in
Savings Act (TISA)). The comment
period for this notice expired on January
22, 2018. The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, February 12, 2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018–03149 Filed 2–14–18; 8:45 am]
BILLING CODE 6210–01–P
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
PO 00000
Frm 00017
Fmt 4703
Sfmt 4703
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 March 12,
2018.
A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. FFP Group, Inc., and its newly
formed merger subsidiary, FFP Merger
Sub, Inc., both of Denver, Colorado; to
become bank holding companies by
acquiring Raton Capital Corporation,
Raton, New Mexico and thereby acquire
International Bank, Raton, New Mexico.
Board of Governors of the Federal Reserve
System, February 12, 2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018–03158 Filed 2–14–18; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
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
Recordkeeping and Disclosure
Requirements Associated with
Securities Transactions Pursuant to
Regulation H (Reg H–3; OMB No. 7100–
0196).
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.
AGENCY:
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[Federal Register Volume 83, Number 32 (Thursday, February 15, 2018)]
[Notices]
[Page 6850]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-03158]
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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 March 12, 2018.
A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
1. FFP Group, Inc., and its newly formed merger subsidiary, FFP
Merger Sub, Inc., both of Denver, Colorado; to become bank holding
companies by acquiring Raton Capital Corporation, Raton, New Mexico and
thereby acquire International Bank, Raton, New Mexico.
Board of Governors of the Federal Reserve System, February 12,
2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018-03158 Filed 2-14-18; 8:45 am]
BILLING CODE P
