Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 1734 [2019-01126]
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Federal Register / Vol. 84, No. 24 / Tuesday, February 5, 2019 / Notices
the International Banking Act (12 U.S.C.
3105(c)(2) and 3106(a)). The FR 2230 is
mandatory. SARs are confidential and
exempt from Freedom of Information
Act (‘‘FOIA’’) disclosure by 31 U.S.C.
5319, which specifically provides that
SARs ‘‘are exempt from disclosure
under section 552 of title 5,’’ and FOIA
exemption 3, 5 U.S.C. 552(b)(3) (matters
‘‘specifically exempted from disclosure
by statute’’).
Consultation outside the agency: The
current revisions to the BSA–SAR data
elements were discussed in the
interagency Data Management Council
led by FinCEN and of which the Board
is a member.
Board of Governors of the Federal Reserve
System, January 30, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019–00996 Filed 2–4–19; 8:45 am]
BILLING CODE 6210–01–P
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. MiCommunity Bancorp, Inc.; to
become a bank holding company by
acquiring voting shares of Mi Bank, a de
novo bank, both of Bloomfield
Township, Michigan.
Board of Governors of the Federal Reserve
System, January 31, 2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019–01126 Filed 2–4–19; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Announcement of Board
Approval under Delegated Authority
and Submission to OMB
Board of Governors of the
Federal Reserve System.
SUMMARY: The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to extend for three
years, without revision, the Disclosure
Requirements of Subpart H of
Regulation H (Consumer Protections in
Sales of Insurance) (Reg H–7; OMB No.
7100–0298).
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 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)
AGENCY:
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 March 6, 2019.
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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, Without Revision, of the
Following Information Collection
Report title: Disclosure Requirements
of Subpart H of Regulation H (Consumer
Protections in Sales of Insurance).
Agency form number: Reg H–7.
OMB control number: 7100–0298.
Frequency: On occasion.
Respondents: State member banks and
other persons.
Estimated number of respondents:
822.
Estimated time per response: 1.5
minutes.
Estimated annual burden hours:
12,947.
General description of report: Subpart
H of Regulation H was adopted by the
Board in 2003 pursuant to section 305
of the Gramm-Leach-Bliley Act of 1999
(GLBA), which required the federal
banking agencies to issue joint
regulations governing retail sales
practices, solicitations, advertising, and
offers of insurance by, on behalf of, or
at the offices of insured depository
institutions. The insurance consumer
protection rules in Regulation H, which
apply to the sale of insurance by a state
member bank or by any other person at
an office of the bank or on behalf of the
bank (collectively, ‘‘Covered Persons’’),
require Covered Persons to prepare and
provide certain disclosures to
consumers. Covered persons are
required to make certain written and
oral disclosures before the completion
of the initial sale of an insurance
product or annuity to a consumer and
at the time a consumer applies for an
extension of credit in connection with
which an insurance product or annuity
is solicited, offered, or sold (see 12 CFR
208.84(a)–(d)).
Legal authorization and
confidentiality: Section 305 of the GLBA
requires that the Board issue
regulations, including disclosure
requirements, applicable to retail sales
practices, solicitations, advertising, or
offers of insurance by depository
institutions (12 U.S.C. 1831x). The
disclosure requirements described
above are contained in Subpart H of the
Board’s Regulation H. 12 CFR part 208,
subpart H. The disclosures required
under Subpart H are mandatory.
Because Regulation H–7 disclosures are
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[Federal Register Volume 84, Number 24 (Tuesday, February 5, 2019)]
[Notices]
[Page 1734]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-01126]
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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 must be received at the Reserve Bank indicated or the
offices of the Board of Governors not later than March 6, 2019.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice President) 230 South LaSalle
Street, Chicago, Illinois 60690-1414:
1. MiCommunity Bancorp, Inc.; to become a bank holding company by
acquiring voting shares of Mi Bank, a de novo bank, both of Bloomfield
Township, Michigan.
Board of Governors of the Federal Reserve System, January 31,
2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019-01126 Filed 2-4-19; 8:45 am]
BILLING CODE 6210-01-P
