Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 1732 [2019-01125]

Download as PDF 1732 Federal Register / Vol. 84, No. 24 / Tuesday, February 5, 2019 / Notices Proposal To Approve Under OMB Delegated Authority the Extension for Three Years, Without Revision, of the Following Report Report title: Recordkeeping Requirements of Regulation H and Regulation K Associated with the Procedures for Monitoring Bank Secrecy Act Compliance. Agency form number: FR K. OMB control number: 7100–0310. Frequency: Annually. Respondents: State member banks; Edge and agreement corporations; and certain U.S. branches, agencies, and representative offices of foreign banks supervised by the Board. Estimated number of respondents: Establish compliance program—1; maintenance of compliance program— 957. Estimated average hours per response: Establish compliance program—16; maintenance of compliance program—4. Estimated annual burden hours: Establish compliance program—16; maintenance of compliance program— 3,828. General description of report: The Board’s Regulation K and Regulation H require state member banks, Edge and agreement corporations and, except for a federal branch or a federal agency or a state branch that is insured by the Federal Deposit Insurance Corporation, the U.S. branches, agencies, and representative offices of foreign banks supervised by the Board to establish a written Bank Secrecy Act (BSA) compliance program that includes the following components: (1) A system of internal controls to assure ongoing compliance, (2) independent testing of compliance by the institution’s personnel or by an outside party, (3) the designation of an individual or individuals for coordinating and monitoring day-to-day compliance, and (4) training for appropriate personnel.1 The compliance program must be approved by the board of directors of the state member bank, Edge corporation, or agreement corporation and must be noted in the institution’s minutes. In the case of a branch, agency, or representative office of a foreign bank, the compliance program may be approved by the foreign bank’s board of directors and noted in the minutes or approved by a delegee acting under the express authority of the foreign bank’s board of directors. Legal authorization and confidentiality: The FR K is authorized pursuant to the Federal Deposit 1 See 12 CFR 208.63(c); these specific requirements are incorporated by reference in 12 CFR 211.5(m)(1) and 211.24(j)(1). VerDate Sep<11>2014 17:22 Feb 04, 2019 Jkt 247001 Insurance Act (12 U.S.C. 1818(s)), which requires the federal banking agencies, including the Board, to (1) prescribe regulations requiring the institutions they regulate to establish and maintain procedures reasonably designed to assure and monitor compliance with the BSA and (2) to review such procedures during the course of their examinations.2 The FR K is mandatory. Because the Federal Reserve will not collect this information, confidentiality issues would normally not arise. Because the records will be retained at banking organizations, the Freedom of Information Act (FOIA) will only be implicated if the Board’s examiners retain a copy of the record as part of an examination or supervision of a banking institution. In that case, the records would be exempt from disclosure under exemption 8 to FOIA, which protects examination materials from disclosure (5 U.S.C. 552(b)(8)). Exemption 4 to FOIA, which protects confidential financial information, may also be applicable (5 U.S.C. 552(b)(4)). Board of Governors of the Federal Reserve System, January 30, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–01000 Filed 2–4–19; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (‘‘Act’’) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than February 21, 2019. 2 The Board’s authority in 12 U.S.C. 1818(s) to prescribe regulations includes the entities required to comply with section 208.63 of the Board’s Regulation H (12 CFR 208.63) and sections 211.5(m)(1) and 211.24(j)(1) of the Board’s Regulation K (12 CFR 211.5(m)(1) and 12 CFR 211.24(j)(1)). PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. The RFB–FLB Trust, U/A/D October 25, 2016 and Frances Biolchini, as trustee, both of Kelly, Wyoming; to retain voting shares of Tulsa Valley Bancshares Corporation, Tulsa, Oklahoma, and thereby indirectly retain Vast Bank, N.A., Tulsa, Oklahoma Board of Governors of the Federal Reserve System, January 31, 2019. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2019–01125 Filed 2–4–19; 8:45 am] BILLING CODE 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, with revision, the Suspicious Activity Report (FR 2230; OMB No. 7100–0212). DATES: Comments must be submitted on or before April 8, 2019. ADDRESSES: You may submit comments, identified by FR 2230, 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. • 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 or to remove sensitive personally identifiable information at the commenter’s request. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street NW (between 18th and 19th Streets NW), Washington, DC 20006, between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the SUMMARY: E:\FR\FM\05FEN1.SGM 05FEN1

Agencies

FEDERAL RESERVE SYSTEM

[Federal Register Volume 84, Number 24 (Tuesday, February 5, 2019)]
[Notices]
[Page 1732]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-01125]


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FEDERAL RESERVE SYSTEM


Change in Bank Control Notices; Acquisitions of Shares of a Bank 
or Bank Holding Company

    The notificants listed below have applied under the Change in Bank 
Control Act (``Act'') (12 U.S.C. 1817(j)) and Sec.  225.41 of the 
Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank or 
bank holding company. The factors that are considered in acting on the 
notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
    The notices are available for immediate inspection at the Federal 
Reserve Bank indicated. The notices also will be available for 
inspection at the offices of the Board of Governors. Interested persons 
may express their views in writing to the Reserve Bank indicated for 
that notice or to the offices of the Board of Governors. Comments must 
be received not later than February 21, 2019.
    A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant 
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
    1. The RFB-FLB Trust, U/A/D October 25, 2016 and Frances Biolchini, 
as trustee, both of Kelly, Wyoming; to retain voting shares of Tulsa 
Valley Bancshares Corporation, Tulsa, Oklahoma, and thereby indirectly 
retain Vast Bank, N.A., Tulsa, Oklahoma

    Board of Governors of the Federal Reserve System, January 31, 
2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019-01125 Filed 2-4-19; 8:45 am]
BILLING CODE P

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