Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies, 28641-28642 [2018-13158]

Download as PDF sradovich on DSK3GMQ082PROD with NOTICES Federal Register / Vol. 83, No. 119 / Wednesday, June 20, 2018 / Notices adopting a proposal to extend for three years, with revision, the Recordkeeping and Disclosure Requirements Associated with Consumer Financial Protection Bureau’s (CFPB) Regulation M (Consumer Leasing) (FR M; OMB No. 7100–0202). 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. 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. 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. 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, with revision, of the following report: Report title: Recordkeeping and Disclosure Requirements Associated with Consumer Financial Protection Bureau’s (CFPB) Regulation M (Consumer Leasing). Agency form number: FR M. OMB control number: 7100–0202. Frequency: Disclosures, 461 times per year; and Advertising, quarterly. Respondents: State member banks with assets of $10 billion or less that are not affiliated with an insured depository institution with assets over $10 billion (irrespective of the consolidated assets of any holding company); non- VerDate Sep<11>2014 17:58 Jun 19, 2018 Jkt 244001 depository affiliates of such state member banks; and non-depository affiliates of bank holding companies that are not affiliated with an insured depository institution with assets over $10 billion. Estimated number of respondents: 5. Estimated average hours per response: Disclosures, 6.5 minutes; and advertising, 25 minutes. Estimated annual burden hours: Disclosures, 250 hours; and advertising, 8 hours. General description of report: The Consumer Leasing Act (CLA) and Regulation M require lessors uniformly to disclose to consumers the costs, liabilities, and terms of consumer lease transactions. Disclosures are provided to consumers before they enter into lease transactions and in advertisements that state the availability of consumer leases on particular terms. The regulation generally applies to consumer leases of personal property in which the contractual obligation does not exceed $50,000, adjusted annually for inflation, and has a term of more than four months.1 The CLA does not provide exemptions for small entities. Legal authorization and confidentiality: The Board’s Legal Division has determined that sections 105(a) and 187 of the Truth in Lending Act (15 U.S.C. 1604(a) and 1667(f)), authorize the CFPB to issue regulations to carry out the provisions of the CLA. The CFPB’s Regulation M, 12 CFR part 1013, implements these statutory provisions. An institution’s recordkeeping and disclosure obligations under Regulation M are mandatory. Because the Board does not collect any information pursuant to the CFPB’s Regulation M, no issue of confidentiality normally arises. In the event the Board were to retain information regarding consumer leases during the course of an examination, the information regarding the consumer and the lease would be kept confidential pursuant to section (b)(8) of the Freedom of Information Act (5 U.S.C. 522 (b)(8)). Current actions: On April 5, 2018, the Board published a notice in the Federal Register (83 FR 14639) requesting public comment for 60 days on the extension, with revision, of the Recordkeeping and Disclosure Requirements Associated with the Consumer Financial Protection Bureau’s (CFPB) Regulation M (Consumer Leasing). The Board proposes to revise the methodology for estimating burden for disclosures to provide additional clarity and transparency into the 1 For PO 00000 2018, the Regulation M threshold is $55,800. Frm 00035 Fmt 4703 Sfmt 4703 28641 calculation. Specifically, the Board proposes to estimate disclosure burden using the estimated average number of lease contracts each Board-supervised institution initiates annually, assuming it takes approximately 6.5 minutes to populate and provide each disclosure. The comment period for this notice expired on June 4, 2018. The Board did not receive any comments. The revisions will be implemented as proposed. Board of Governors of the Federal Reserve System, June 14, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018–13173 Filed 6–19–18; 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 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 July 16, 2018. A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105– E:\FR\FM\20JNN1.SGM 20JNN1 28642 Federal Register / Vol. 83, No. 119 / Wednesday, June 20, 2018 / Notices 1521. Comments can also be sent electronically to Comments.applications@phil.frb.org: 1. Seneca Falls Savings Bank MHC and Seneca-Cayuga Bancorp, Inc., both of Seneca Falls, New York; to acquire voting shares of Medina Savings and Loan Association, Medina, New York, through the merger of Medina Savings and Loan Association with and into Generations Bank, Seneca Falls, New York. Board of Governors of the Federal Reserve System, June 14, 2018. Ann Misback, Secretary of the Board. [FR Doc. 2018–13158 Filed 6–19–18; 8:45 am] BILLING CODE 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 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 July 16, 2018. 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. Fifth Third Bancorp, Cincinnati, Ohio, and its wholly owned banking holding company subsidiary, Fifth Third Financial Corporation, Cincinnati, Ohio; to acquire MB Financial, Inc., Chicago, Illinois, and thereby indirectly acquire shares of MB Financial Bank, National Association, Chicago, Illinois. Board of Governors of the Federal Reserve System, June 14, 2018. Ann Misback, Secretary of the Board. [FR Doc. 2018–13157 Filed 6–19–18; 8:45 am] BILLING CODE P FEDERAL RETIREMENT THRIFT INVESTMENT BOARD Sunshine Act; Notice of Board Member Meeting Federal Retirement Thrift Investment Board Meeting Agenda June 25, 2018, In Person, 8:30 a.m. Open Session 1. Approval of the Minutes for the May 30, 2018 Board Member Meeting 2. Monthly Reports (a) Participant Activity (b) Legislative Report (c) Investment Policy 3. Vendor Financials 4. FEVS Update 5. EBSA Audit Report Update 6. IT Update 7. Strategic Acquisition Closed Session Information covered under 5 U.S.C. 552b(c)(4), (c)(9)(B). CONTACT PERSON FOR MORE INFORMATION: Kimberly Weaver, Director, Office of External Affairs, (202) 942–1640. Dated: June 18, 2018. Dharmesh Vashee, Deputy General Counsel, Federal Retirement Thrift Investment Board. [FR Doc. 2018–13381 Filed 6–18–18; 4:15 pm] BILLING CODE 6760–01–P FEDERAL TRADE COMMISSION Granting of Requests for Early Termination of the Waiting Period Under the Premerger Notification Rules Section 7A of the Clayton Act, 15 U.S.C. 18a, as added by Title II of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, requires persons contemplating certain mergers or acquisitions to give the Federal Trade Commission and the Assistant Attorney General advance notice and to wait designated periods before consummation of such plans. Section 7A(b)(2) of the Act permits the agencies, in individual cases, to terminate this waiting period prior to its expiration and requires that notice of this action be published in the Federal Register. The following transactions were granted early termination—on the dates indicated—of the waiting period provided by law and the premerger notification rules. The listing for each transaction includes the transaction number and the parties to the transaction. The grants were made by the Federal Trade Commission and the Assistant Attorney General for the Antitrust Division of the Department of Justice. Neither agency intends to take any action with respect to these proposed acquisitions during the applicable waiting period. EARLY TERMINATIONS GRANTED APRIL 1, 2018 THRU APRIL 30, 2018 sradovich on DSK3GMQ082PROD with NOTICES 04/02/2018 20180989 ...... 20180990 ...... 20180991 ...... G G G Webster Capital II–A, L.P.; Richard Taite; Webster Capital II–A, L.P. L Catterton VIII, L.P.; One Rock Capital Partners, LP; L Catterton VIII, L.P. U.S. Silica Holdings, Inc.; Golden Gate Capital Opportunity Fund, L.P.; U.S. Silica Holdings, Inc. 04/03/2018 20180902 ...... 20180925 ...... 20180928 ...... VerDate Sep<11>2014 G G G Filtration Group Equity LLC; Summer Street Capital III, L.P.; Filtration Group Equity LLC. Jericho Capital Partners L.P.; Dell Technologies Inc.; Jericho Capital Partners L.P. Splunk Inc.; Phantom Cyber Corporation; Splunk Inc. 17:58 Jun 19, 2018 Jkt 244001 PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 E:\FR\FM\20JNN1.SGM 20JNN1

Agencies

[Federal Register Volume 83, Number 119 (Wednesday, June 20, 2018)]
[Notices]
[Pages 28641-28642]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-13158]


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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 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 July 16, 2018.
    A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-

[[Page 28642]]

1521. Comments can also be sent electronically to 
[email protected]:
    1. Seneca Falls Savings Bank MHC and Seneca-Cayuga Bancorp, Inc., 
both of Seneca Falls, New York; to acquire voting shares of Medina 
Savings and Loan Association, Medina, New York, through the merger of 
Medina Savings and Loan Association with and into Generations Bank, 
Seneca Falls, New York.

    Board of Governors of the Federal Reserve System, June 14, 2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018-13158 Filed 6-19-18; 8:45 am]
 BILLING CODE P