Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 42298-42299 [2018-17974]
Download as PDF
<![CDATA[
42298
Federal Register / Vol. 83, No. 162 / Tuesday, August 21, 2018 / Notices
Current actions: On January 22, 2018
the Board published a notice in the
Federal Register (83 FR 2983)
requesting public comment for 60 days
on the extension, with revision, of the
Reporting Requirements Associated
with Resolution Plans (Regulation QQ).
The revision to the clearance is burden
increase due to a reassessment of the
burden hours associated with
responding to the informational
requirements of Regulation QQ and to
guidance, feedback, and additional
requests for information by the agencies
as part of the iterative resolution
planning process. The increase in
burden is mitigated by the
postponement of the July 2018
submission date for the resolution plans
of the complex domestic filers, which
account for the largest percentage of
overall burden hours. The comment
period for this notice expired on March
23, 2018. The Board received one
comment on the proposal. The
commenter recommended a number of
potential changes to Regulation QQ
intended to enhance the quality of the
information collected pursuant to the
regulation and reduce the burden of the
information collection requirements.7
The Board is not adopting any of the
recommended changes at this time.
Either a revision to the Board’s
Regulation QQ or joint action with the
FDIC would be necessary to implement
each of the recommended changes. Most
of the recommendations would require
changes to the Board’s Regulation QQ,
which could only be accomplished
sradovich on DSK3GMQ082PROD with NOTICES
7 These
recommended changes include:
(i) Extending the annual resolution plan filing
cycle to a two-year cycle;
(ii) providing additional clarity on filing
deadlines;
(iii) requiring that any agency guidance be
provided more than 12 months in advance of each
filing deadline;
(iv) allowing firms to satisfy some of their
Regulation QQ requirements by incorporating their
IDI plans by reference;
(v) providing for further tailoring based on the
systemic risk posed by each firm,
(vi) further reducing the need for duplicative
reporting;
(vii) adjusting the forecasting expected from the
firms;
(viii) providing greater guidance regarding
regulatory expectations related to the resolution of
financial market utilities;
(ix) eliminating the strategic analysis section from
tailored plans;
(x) providing an opportunity for notice and
comment on any new information requirements, the
framework used for assessing resolution plans, and
the procedures related to remediation;
(xi) requiring the agencies to provide feedback on
plans within six months of plan submission;
(xii) refraining from making feedback provided to
the firms public or providing firms more time to
consider the feedback before it is made public; and
(xiii) reconsidering the procedures the Board and
FDIC undertake to engage with firms.
VerDate Sep<11>2014
17:31 Aug 20, 2018
Jkt 244001
pursuant to a rulemaking. In addition,
the Board could not unilaterally take the
actions requested by these comments,
even those that would not require a
rulemaking, as they fall under the
purview of a rule that the Board
proposed jointly with the FDIC and a
process that is jointly administered by
the two agencies.8 However, the Board
will consider the recommended changes
in due course as it determines, in
consultation with the FDIC, whether to
conduct a joint rulemaking. The
revisions will be implemented as
proposed.
Board of Governors of the Federal Reserve
System, August 15, 2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018–17964 Filed 8–20–18; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or
To Acquire Companies Engaged in
Permissible Nonbanking Activities
The companies listed in this notice
have given notice under section 10 of
the Home Owners’ Loan Act (12 U.S.C.
1467a) (HOLA) and Regulation LL, (12
CFR part 238) to engage de novo, or to
acquire or control voting securities or
assets of a company, including the
companies listed below, that engages
either directly or through a subsidiary or
other company, in a nonbanking activity
that is listed in § 238.53 of Regulation
LL (12 CFR 225.53). Unless otherwise
noted, these activities will be conducted
throughout the United States.
Each notice is available for inspection
at the Federal Reserve Bank indicated.
The notice also will be available for
inspection at the offices of the Board of
Governors. Interested persons may
express their views in writing on the
question whether the proposal complies
with the standards of section 10(c)(4)(B)
of the HOLA 12 U.S.C. 1467a(c)(4)(B).
Unless otherwise noted, comments
regarding the notices must be received
at the Reserve Bank indicated or the
offices of the Board of Governors not
later than September 4, 2018.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
8 See 12 U.S.C. 5365(d)(8) (requiring the Board
and FDIC to issue joint rules implementing the
Dodd-Frank Act’s resolution planning
requirements), 12 CFR. Part 243 (the Board’s
resolution planning rule), and 12 CFR. Part 381 (the
FDIC’s resolution planning rule). Aspects of the
statute and regulations require joint actions or
determinations by the Board and FDIC and
therefore the agencies have jointly developed a
coordinated resolution plan review process.
PO 00000
Frm 00047
Fmt 4703
Sfmt 4703
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. McHenry Bancorp, Inc., McHenry,
Illinois; to engage de novo in purchasing
and servicing loans, and holding and
managing improved real estate,
pursuant to sections 238.53(b)(1) and (8)
of Regulation LL.
Board of Governors of the Federal Reserve
System, August 16, 2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018–17975 Filed 8–20–18; 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
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 September 18,
2018.
A. Federal Reserve Bank of Dallas
(Robert L. Triplett III, Senior Vice
President) 2200 North Pearl Street,
Dallas, Texas 75201–2272:
1. Woodforest Financial Group
Employee Stock Ownership Plan, The
Woodlands, Texas; and Woodforest
Financial Group Employee Stock
Ownership Trust, Spring, Texas; to
acquire up to an additional 28 percent
E:\FR\FM\21AUN1.SGM
21AUN1
Federal Register / Vol. 83, No. 162 / Tuesday, August 21, 2018 / Notices
of Woodforest Financial Group, Inc.,
The Woodlands, Texas, and thereby
indirectly acquire Woodforest National
Bank, Houston, Texas.
Board of Governors of the Federal Reserve
System, August 16, 2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018–17974 Filed 8–20–18; 8:45 am]
BILLING CODE P
To
request more information on the
proposed project or to obtain a copy of
the information collection plan and
instruments, contact Jeffery M. Zirger,
Information Collection Review Office,
Centers for Disease Control and
Prevention, 1600 Clifton Road, NE, MS–
D74, Atlanta, Georgia 30329; phone:
404–639–7570; Email: omb@cdc.gov.
FOR FURTHER INFORMATION CONTACT:
Under the
Paperwork Reduction Act of 1995 (PRA)
(44 U.S.C. 3501–3520), Federal agencies
must obtain approval from the Office of
Management and Budget (OMB) for each
collection of information they conduct
or sponsor. In addition, the PRA also
requires Federal agencies to provide a
60-day notice in the Federal Register
concerning each proposed collection of
information, including each new
proposed collection, each proposed
extension of existing collection of
information, and each reinstatement of
previously approved information
collection before submitting the
collection to the OMB for approval. To
comply with this requirement, we are
publishing this notice of a proposed
data collection as described below.
The OMB is particularly interested in
comments that will help:
1. Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
2. Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
3. Enhance the quality, utility, and
clarity of the information to be
collected; and
4. Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submissions
of responses.
5. Assess information collection costs.
SUPPLEMENTARY INFORMATION:
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Disease Control and
Prevention
[60-Day–18–0210; Docket No. CDC–2018–
0069]
Proposed Data Collection Submitted
for Public Comment and
Recommendations
Centers for Disease Control and
Prevention (CDC), Department of Health
and Human Services (HHS).
ACTION: Notice with comment period.
AGENCY:
The Centers for Disease
Control and Prevention (CDC), as part of
its continuing effort to reduce public
burden and maximize the utility of
government information, invites the
general public and other Federal
agencies the opportunity to comment on
a proposed and/or continuing
information collection, as required by
the Paperwork Reduction Act of 1995.
This notice invites comment on a
continuing information collection
project titled List of Ingredients Added
to Tobacco in the Manufacture of
Cigarette Products.
DATES: CDC must receive written
comments on or before October 22,
2018.
SUMMARY:
You may submit comments,
identified by Docket No. CDC–2018–
0069 by any of the following methods:
• Federal eRulemaking Portal:
Regulations.gov. Follow the instructions
for submitting comments.
• Mail: Jeffrey M. Zirger, Information
Collection Review Office, Centers for
Disease Control and Prevention, 1600
Clifton Road, NE, MS–D74, Atlanta,
Georgia 30329.
Instructions: All submissions received
must include the agency name and
Docket Number. CDC will post, without
change, all relevant comments to
Regulations.gov.
Please note: Submit all comments
through the Federal eRulemaking portal
(egulations.gov) or by U.S. mail to the
address listed above.
sradovich on DSK3GMQ082PROD with NOTICES
ADDRESSES:
VerDate Sep<11>2014
17:31 Aug 20, 2018
Jkt 244001
Proposed Project
List of Ingredients Added to Tobacco
in the Manufacture of Cigarette
Products—Extension (OMB# 0920–0210
Exp.Date 12/31/2018)—National Center
for Chronic Disease Prevention and
Health Promotion (NCCDPHP), Centers
for Disease Control and Prevention
(CDC).
PO 00000
Frm 00048
Fmt 4703
Sfmt 4703
42299
Background and Brief Description
Cigarette smoking is the leading
preventable cause of premature death
and disability in our Nation. Each year
more than 480,000 deaths occur as the
result of cigarette smoking-related
diseases.
The CDC’s Office on Smoking and
Health (OSH) has the primary
responsibility for the HHS smoking and
health program. Since 1986, as required
by the Comprehensive Smoking
Education Act (CSEA) of 1984, which
amended the Federal Cigarette Labeling
and Advertising Act, 15 U.S.C. 1335a,
CDC has collected information about the
ingredients used in cigarette products.
HHS has delegated responsibility for
implementing the required information
collection to CDC’s OSH. Respondents
are commercial cigarette manufacturers,
packagers, or importers (or their
representatives), who are required by
the CSEA to submit ingredient reports to
HHS on an annual basis.
Respondents are not required to
submit specific forms; however, they are
required to submit a list of all
ingredients used in their products. CDC
requires the ingredient report to be
submitted by chemical name and
Chemical Abstract Service (CAS)
Registration Number, consistent with
accepted reporting practices for other
companies currently required to report
ingredients added to other consumer
products. The information collected is
subject to strict confidentiality
provisions.
Ingredient reports are due annually on
March 31. Information is submitted to
CDC by mailing or faxing a written
report on the respondent’s letterhead.
All faxed lists should be followed up
with a mailed original. Data may also be
submitted to CDC by CD, three-inch
floppy disk, or thumb drive. Electronic
mail submissions are not accepted. Mail
Annual Ingredient Submissions to
Attention: FCLAA Program Manager,
Office on Smoking and Health, National
Center for Chronic Disease Prevention
and Health Promotion, Centers for
Disease Control and Prevention, 4770
Buford Highway, NE, MS S107–7,
Atlanta, GA 30341–3717
Upon receipt and verification of the
annual ingredient report, CDC issues a
Certificate of Compliance to the
respondent. As deemed appropriate by
the Secretary of HHS, HHS is authorized
to use the information to report to
Congress the health effects of
ingredients, research activities related to
the health effects of ingredients, and
other information that the Secretary
determines to be of public interest.
There are no costs to respondents other
E:\FR\FM\21AUN1.SGM
21AUN1
]]>Agencies
[Federal Register Volume 83, Number 162 (Tuesday, August 21, 2018)]
[Notices]
[Pages 42298-42299]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-17974]
-----------------------------------------------------------------------
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 September 18, 2018.
A. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior
Vice President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Woodforest Financial Group Employee Stock Ownership Plan, The
Woodlands, Texas; and Woodforest Financial Group Employee Stock
Ownership Trust, Spring, Texas; to acquire up to an additional 28
percent
[[Page 42299]]
of Woodforest Financial Group, Inc., The Woodlands, Texas, and thereby
indirectly acquire Woodforest National Bank, Houston, Texas.
Board of Governors of the Federal Reserve System, August 16,
2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018-17974 Filed 8-20-18; 8:45 am]
BILLING CODE P
