Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 54590-54591 [2018-23682]

Download as PDF 54590 Federal Register / Vol. 83, No. 210 / Tuesday, October 30, 2018 / Notices ‘‘Minimum Standards of Fitness for Employment with the Federal Deposit Insurance Corporation’’. This rule implements Section 19 of the Resolution Trust Corporation Completion Act (‘‘Completion Act’’), Public Law 103– 204, by (among other things) prescribing a certification, with attachments in some cases, relating to job applicants’ fitness and integrity. More specifically, the statute provides that the FDIC shall issue regulations implementing provisions that prohibit any person from becoming employed by FDIC, who has been convicted of any felony; has been removed from, or prohibited from participating in the affairs of, any insured depository institution pursuant to any final enforcement action by any appropriate federal banking agency; has demonstrated a pattern or practice of defalcation regarding obligations to insured depository institutions; or has caused a substantial loss to federal deposit insurance funds. This collection of information implements these mandatory bars to employment through a certification, signed by job applicants prior to an offer of employment using form 2120/16. 2. Title: Purchaser Eligibility Certification. OMB Number: 3064–0135. Form Number: 7300–06. Affected Public: Individuals and entities wishing to purchase receivership assets from the FDIC. Burden Estimate: There has been no change in the method or substance of this information collection. The Subject Matter Experts (SMEs) from the FDIC’s Division of Resolutions and Receiverships have estimated that this information collection will affect 600 respondents annually for the next three years. This estimate is unchanged from 2015. The SMEs reached this estimate by calculating the average number of Purchaser Eligibility Certifications (PECs) completed in the past three years and rounding up. Number of PECs 1 Year 2015 ...................................... 2016 ...................................... 2017 ...................................... 952 468 369 Total ............................... 1,789 Three-Year Average ............. 596.33 1 SMEs within the FDIC’s Division of Resolutions and Receiverships (DRR) compiled this information by the contacting the managers that handle each asset sales category (structured transactions, cash loan sales, other real estate sales, and securities sales). The number of PECs completed each year has been declining since 2009. If this trend were to continue, the number of respondents would be expected to continue to decrease from 369 over the next three years, which would imply that the estimated number of respondents should be lower for this collection compared to the one in 2015. The SMEs have acknowledged that 600 respondents may be a conservative estimate, but also believe that it is reasonable. This rationale stems from the fact that the current rate of bank failures is very low. The SMEs also point out that the PECs are collected from prospective purchasers and not just the winning bidders. As a result, the annual number of PECs could increase if there is an increase in the demand for the assets the FDIC sells even if the number of assets for sale decreases in line with the current trend of diminishing bank failures. The estimated hourly burden for this information collection is 30 minutes per PEC form. The SMEs have arrived at this estimate through their personal observations of individuals completing these forms at open-outcry auction events. The table below contains estimates for the total estimated reporting burden for this information collection. SUMMARY OF ANNUAL BURDEN Purchaser Eligibility Certification .......................... khammond on DSK30JT082PROD with NOTICES Request for Comment Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the 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; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. VerDate Sep<11>2014 17:34 Oct 29, 2018 Jkt 247001 Type of burden Estimated number of respondents Estimated frequency of responses Estimated time per response (hrs) Total estimated annual burden (hrs) Reporting ...................... 600 1 0.50 300.00 Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2018–23597 Filed 10–29–18; 8:45 am] BILLING CODE 6714–01–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 PO 00000 Frm 00025 Fmt 4703 Sfmt 4703 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 E:\FR\FM\30OCN1.SGM 30OCN1 Federal Register / Vol. 83, No. 210 / Tuesday, October 30, 2018 / Notices must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than November 27, 2018. A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 33 Liberty Street, New York, New York 10045–0001. Comments can also be sent electronically to Comments.applications@ny.frb.org: 1. The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York; to acquire fifty additional shares of 473 Broadway Holding Corporation and two thousand additional shares of The Adirondack Trust Company, both of Saratoga Springs, New York. B. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Foote Financial Services, LLC, Hoxie, Kansas; to become a bank holding company by acquiring voting shares of Peoples State Bank, Manhattan, Kansas. Board of Governors of the Federal Reserve System, October 25, 2018. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2018–23682 Filed 10–29–18; 8:45 am] BILLING CODE P BILLING CODE P khammond on DSK30JT082PROD with NOTICES 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 17:34 Oct 29, 2018 Jkt 247001 Board of Governors of the Federal Reserve System, October 25, 2018. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2018–23683 Filed 10–29–18; 8:45 am] FEDERAL RESERVE SYSTEM VerDate Sep<11>2014 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 November 27, 2018. A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105– 1521. Comments can also be sent electronically to Comments. applications@phil.frb.org: 1. WSFS Financial Corporation, Wilmington, Delaware; to merge with Beneficial Bancorp, Inc., Philadelphia, Pennsylvania, and therefore indirectly acquire shares of Beneficial Bank, Philadelphia, Pennsylvania. WSFS Financial Corporation has applied to become a savings and loan holding company with respect to Beneficial Bank’s conversion to a stock federal savings association. DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Medicare & Medicaid Services Performance Review Board Membership 5 U.S.C. 4314(c)(4) requires the appointment of board members to be published in the Federal Register. The following persons comprise a standing roster to serve as members of the SES PRB for the Centers for Medicare & Medicaid Services: Elisabeth Handley, Director, Office of Human Capital (serves as the Chair) Demetrious Kouzoukas, Principal Deputy Administrator for Medicare Karen Jackson, Deputy Chief Operating Officer Jeffrey Wu, Deputy Director for Operations, Center for Consumer Information and Insurance Oversight Jean Moody-Williams, Deputy Center Director, Center for Clinical Standards and Quality Nancy O’Connor, Philadelphia Regional Administrator Dated: October 16, 2018. Elisabeth Handley, Director, Office of Human Capital. [FR Doc. 2018–23814 Filed 10–29–18; 8:45 am] BILLING CODE 4120–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Medicare & Medicaid Services [CMS–3369–PN] Medicare and Medicaid Programs: Application From the American Association for Accreditation of Ambulatory Surgery Facilities, Inc. (AAAASF) for Continued CMSApproval of Its Outpatient Physical Therapy and Speech Language Pathology Services Accreditation Program Centers for Medicare and Medicaid Services (CMS), HHS. ACTION: Notice with request for comment. AGENCY: Centers for Medicare & Medicaid Services, HHS. ACTION: Notice of Performance Review Board Membership. AGENCY: FOR FURTHER INFORMATION CONTACT: SUMMARY: Kathy Vaughn, 410–786–1050 or katherine.vaughn@cms.hhs.gov. SUMMARY: 5 U.S.C. 4314(c)(1) through (5) requires each agency to establish, in accordance with regulations prescribed by the Office of Personnel Management, one or more Senior Executive Service (SES) Performance Review Boards. The PRB shall review and evaluate the initial summary rating of a senior executive’s performance, the executive’s response, and the higher-level official’s comments on the initial summary rating. In addition, the PRB will review and recommend executive performance bonuses and pay increases. PO 00000 Frm 00026 Fmt 4703 Sfmt 4703 54591 This proposed notice acknowledges the receipt of an application from the American Association for Accreditation of Ambulatory Surgery Facilities, Inc. (AAAASF) for continued recognition as a national accrediting organization (AO) for clinics, rehabilitation agencies, or public health agencies that furnish outpatient physical therapy and speech language pathology services that wish to participate in the Medicare or Medicaid programs. DATES: To be assured consideration, comments must be received at one of the addresses provided below, no later than 5 p.m. on November 29, 2018. E:\FR\FM\30OCN1.SGM 30OCN1

Agencies

[Federal Register Volume 83, Number 210 (Tuesday, October 30, 2018)]
[Notices]
[Pages 54590-54591]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-23682]


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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

[[Page 54591]]

must be received at the Reserve Bank indicated or the offices of the 
Board of Governors not later than November 27, 2018.
    A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 
33 Liberty Street, New York, New York 10045-0001. Comments can also be 
sent electronically to [email protected]:
    1. The Adirondack Trust Company Employee Stock Ownership Trust, 
Saratoga Springs, New York; to acquire fifty additional shares of 473 
Broadway Holding Corporation and two thousand additional shares of The 
Adirondack Trust Company, both of Saratoga Springs, New York.
    B. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant 
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
    1. Foote Financial Services, LLC, Hoxie, Kansas; to become a bank 
holding company by acquiring voting shares of Peoples State Bank, 
Manhattan, Kansas.

    Board of Governors of the Federal Reserve System, October 25, 
2018.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2018-23682 Filed 10-29-18; 8:45 am]
 BILLING CODE P
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