Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 7476-7477 [2018-03468]
Download as PDF
<![CDATA[
7476
Federal Register / Vol. 83, No. 35 / Wednesday, February 21, 2018 / Notices
daltland on DSKBBV9HB2PROD with NOTICES
contact information. Public comments
may also be viewed electronically or in
paper form in Room 3515, 1801 K Street
(between 18th and 19th Streets NW),
Washington, DC 20006 between 9:00
a.m. and 5:00 p.m. on weekdays.
Additionally, commenters may send a
copy of their comments to the OMB
Desk Officer—Shagufta Ahmed—Office
of Information and Regulatory Affairs,
Office of Management and Budget, New
Executive Office Building, Room 10235,
725 17th Street NW, Washington, DC
20503 or by fax to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: A
copy of the PRA OMB submission,
including the proposed reporting form
and instructions, supporting statement,
and other documentation will be placed
into OMB’s public docket files, once
approved. These documents will also be
made available on the Federal Reserve
Board’s public website at: https://
www.federalreserve.gov/apps/
reportforms/review.aspx or may be
requested from the agency clearance
officer, whose name appears below.
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.
SUPPLEMENTARY INFORMATION: 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. In exercising this
delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
information, the Board will consider all
comments received from the public and
other agencies.
Request for Comment on Information
Collection Proposal
The Board invites public comment on
the following information collection,
which is being reviewed under
authority delegated by the OMB under
the PRA. Comments are invited on the
following:
a. Whether the proposed collection of
information is necessary for the proper
performance of the Federal Reserve’s
functions; including whether the
information has practical utility;
b. The accuracy of the Federal
Reserve’s estimate of the burden of the
VerDate Sep<11>2014
20:58 Feb 20, 2018
Jkt 244001
proposed information collection,
including the validity of the
methodology and assumptions used;
c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
the extent to which the Federal Reserve
should modify the proposal prior to
giving final approval.
Proposal To Approve Under OMB
Delegated Authority the Extension for
Three Years, Without Revision, of the
Following Report
Report title: Quarterly Report of
Interest Rates on Selected Direct
Consumer Installment Loans and
Quarterly Report of Credit Card Plans.
Agency form number: FR 2835; FR
2835a.
OMB control number: 7100–0085.
Frequency: Quarterly.
Respondents: Commercial banks.
Estimated number of respondents: FR
2835: 150; FR 2835a: 50.
Estimated average hours per response:
FR 2835: .29 hours; FR 2835a: .50 hours.
Estimated annual burden hours: FR
2835: 176 hours; FR 2835a: 100 hours.
General description of report: The FR
2835 collects information from a sample
of commercial banks on interest rates
charged on loans for new vehicles and
loans for other consumer goods and
personal expenses. The data are used for
the analysis of household financial
conditions. The FR 2835a collects
information on two measures of credit
card interest rates from a sample of
commercial banks with $1 billion or
more in credit card receivables and a
representative group of smaller issuers.
The data are used to analyze the credit
card market and draw implications for
the household sector.
Legal authorization and
confidentiality: The Board is authorized
to collect the information on the FR
2835 and FR 2835a by sections 2A and
11 of the Federal Reserve Act (‘‘FRA’’).
Section 2A of the FRA (12 U.S.C. 225a)
requires that the Board and the Federal
Open Market Committee (‘‘FOMC’’)
maintain long-run growth of the
monetary and credit aggregates
commensurate with the economy’s long
run potential to increase production, so
PO 00000
Frm 00027
Fmt 4703
Sfmt 4703
as to promote effectively the goals of
maximum employment, stable prices,
and moderate long-term interest rates.
Section 11 of the FRA (12 U.S.C. 248(a))
authorizes the Board to require reports
from each member bank as it may deem
necessary and authorizes the Board to
prescribe reports of liabilities and assets
from insured depository institutions to
enable the Board to discharge its
responsibility to monitor and control
monetary and credit aggregates. The
information collected on the FR 2835
and FR 2835a assist the Board and the
FOMC with fulfilling these obligations.
Both the 2835 and 2835a are voluntary.
With respect to the FR 2835, only the
narrative information to explain large
fluctuations in reported data is
considered confidential. With respect to
the 2835a, the individual respondent
data is considered confidential. Such
treatment is appropriate because the
data is not publicly available and the
public release of this data is likely to
impair the Board’s ability to collect
necessary information in the future and
cause substantial harm to the
competitive position of the respondent.
Thus, this information may be kept
confidential under exemption (b)(4) of
the Freedom of Information Act, which
exempts from disclosure ‘‘trade secrets
and commercial or financial information
obtained from a person and privileged
or confidential.’’ (5 U.S.C. 552(b)(4)).
Board of Governors of the Federal Reserve
System, February 15, 2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018–03543 Filed 2–20–18; 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
indicated. The applications will also be
available for inspection at the offices of
E:\FR\FM\21FEN1.SGM
21FEN1
Federal Register / Vol. 83, No. 35 / Wednesday, February 21, 2018 / Notices
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 15,
2018.
A. Federal Reserve Bank of San
Francisco (Gerald C. Tsai, Director,
Applications and Enforcement) 101
Market Street, San Francisco, California
94105–1579:
1. Allegiant United Holdings, LLC and
Nano Financial Holdings, Inc., both of
Irvine, California; to become bank
holding companies through Nano
Financial Holdings, Inc. by acquiring
100 percent of the outstanding shares of
Commerce Bank of Temecula Valley,
Murrieta, California.
Board of Governors of the Federal Reserve
System, February 15, 2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018–03468 Filed 2–20–18; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, without revision, the Senior
Loan Officer Opinion Survey on Bank
Lending Practices (FR 2018; OMB No.
7100–0058).
DATES: Comments must be submitted on
or before April 23, 2018.
ADDRESSES: You may submit comments,
identified by FR 2018, by any of the
following methods:
• Agency Website: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
daltland on DSKBBV9HB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
20:58 Feb 20, 2018
Jkt 244001
• Email: regs.comments@
federalreserve.gov. Include OMB
number in the subject line of the
message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
All public comments are available
from the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper form in Room 3515, 1801 K Street
(between 18th and 19th Streets NW),
Washington, DC 20006 between 9:00
a.m. and 5:00 p.m. on weekdays.
Additionally, commenters may send a
copy of their comments to the OMB
Desk Officer—Shagufta Ahmed—Office
of Information and Regulatory Affairs,
Office of Management and Budget, New
Executive Office Building, Room 10235,
725 17th Street NW, Washington, DC
20503 or by fax to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: A
copy of the PRA OMB submission,
including the proposed reporting form
and instructions, supporting statement,
and other documentation will be placed
into OMB’s public docket files, once
approved. These documents will also be
made available on the Federal Reserve
Board’s public website at: https://
www.federalreserve.gov/apps/
reportforms/review.aspx or may be
requested from the agency clearance
officer, whose name appears below.
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.
SUPPLEMENTARY INFORMATION: 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. In exercising this
delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
PO 00000
Frm 00028
Fmt 4703
Sfmt 4703
7477
information, the Board will consider all
comments received from the public and
other agencies.
Request for Comment on Information
Collection Proposal
The Board invites public comment on
the following information collection,
which is being reviewed under
authority delegated by the OMB under
the PRA. Comments are invited on the
following:
a. Whether the proposed collection of
information is necessary for the proper
performance of the Federal Reserve’s
functions; including whether the
information has practical utility;
b. The accuracy of the Federal
Reserve’s estimate of the burden of the
proposed information collection,
including the validity of the
methodology and assumptions used;
c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
the extent to which the Federal Reserve
should modify the proposal prior to
giving final approval.
Proposal to approve under OMB
delegated authority the extension for
three years, without revision, of the
following report(s):
Report title: Senior Loan Officer
Opinion Survey on Bank Lending
Practices.
Agency form number: FR 2018.
OMB control number: 7100–0058.
Frequency: Up to six times a year.
Respondents: Domestically chartered
large commercial banks and large U.S.
branches and agencies of foreign banks.
Estimated number of respondents:
104.
Estimated average hours per response:
2 hours.
Estimated annual burden hours: 1,248
hours.
General description of report: The FR
2018 is conducted with a senior loan
officer at each respondent bank,
generally through electronic
submission, up to six times a year. The
purpose of the survey is to provide
qualitative and limited quantitative
information on credit availability and
demand, as well as evolving
developments and lending practices in
E:\FR\FM\21FEN1.SGM
21FEN1
]]>Agencies
[Federal Register Volume 83, Number 35 (Wednesday, February 21, 2018)]
[Notices]
[Pages 7476-7477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-03468]
-----------------------------------------------------------------------
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
[[Page 7477]]
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 15, 2018.
A. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director,
Applications and Enforcement) 101 Market Street, San Francisco,
California 94105-1579:
1. Allegiant United Holdings, LLC and Nano Financial Holdings,
Inc., both of Irvine, California; to become bank holding companies
through Nano Financial Holdings, Inc. by acquiring 100 percent of the
outstanding shares of Commerce Bank of Temecula Valley, Murrieta,
California.
Board of Governors of the Federal Reserve System, February 15,
2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018-03468 Filed 2-20-18; 8:45 am]
BILLING CODE 6210-01-P
