Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 6788 [2019-03506]
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Federal Register / Vol. 84, No. 40 / Thursday, February 28, 2019 / Notices
khammond on DSKBBV9HB2PROD with NOTICES
individual(s) and control unit(s) whose
approval is necessary for the
establishment of new incentive
compensation arrangements or
modification of existing arrangements.
Strong Corporate Governance
Pursuant to Principle 3 of the
Guidance, banking organizations should
have strong and effective corporate
governance to help ensure sound
compensation practices. The Guidance
states that a banking organization’s
board of directors should approve and
document any material exceptions or
adjustments to the organization’s
incentive compensation arrangements
established for senior executives.
Legal authorization and
confidentiality: The recordkeeping
provisions of the Guidance are
authorized pursuant to sections 9, 11(a),
25, and 25A of the Federal Reserve Act
(12 U.S.C. 248(a), 325, 602, and 625);
section 5 of the Bank Holding Company
Act (12 U.S.C. 1844); section 10(b)(2) of
the Home Owners’ Loan Act (12 U.S.C.
1467a(b)(2)); section 7(c) of the
International Banking Act (12 U.S.C.
3105(c)); and section 39 of the Federal
Deposit Insurance Act (12 U.S.C.
1831p–1(c)).
Because the recordkeeping provisions
are contained within guidance, which is
nonbinding, they are voluntary. There
are no reporting forms associated with
this information collection.
Because the incentive compensation
records would be maintained at each
banking organization, the Freedom of
Information Act (‘‘FOIA’’) would only
be implicated if the Board obtained such
records as part of the examination or
supervision of a banking organization.
In the event the records are obtained by
the Board as part of an examination or
supervision of a financial institution,
this information is considered
confidential pursuant to exemption 8 of
the FOIA, which protects information
contained in ‘‘examination, operating,
or condition reports’’ obtained in the
bank supervisory process (5 U.S.C.
552(b)(8)). In addition, the information
may also be kept confidential under
exemption 4 of the FOIA, which
protects commercial or financial
information obtained from a person that
is privileged or confidential (5 U.S.C.
552(b)(4)).
Current actions: On November 30,
2018, the Board published a notice in
the Federal Register (83 FR 61637)
requesting public comment for 60 days
on the extension, without revision, of
the Recordkeeping Provisions
Associated with the Guidance on Sound
Incentive Compensation Policies. The
comment period for this notice expired
VerDate Sep<11>2014
17:52 Feb 27, 2019
Jkt 247001
on January 29, 2019. The Board did not
receive any comments.
Board of Governors of the Federal Reserve
System, February 21, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
1. Forward Mutual Holding Company,
and Forward Financial, Inc., both of
Marshfield, Wisconsin; to become bank
holding companies by acquiring The
First National Bank of Park Falls, Parks
Falls, Wisconsin.
BILLING CODE 6210–01–P
Board of Governors of the Federal Reserve
System, February 25, 2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
FEDERAL RESERVE SYSTEM
[FR Doc. 2019–03506 Filed 2–27–19; 8:45 am]
[FR Doc. 2019–03485 Filed 2–27–19; 8:45 am]
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 29,
2019.
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. NBC Bancorp, Inc., Coxsackie, New
York; to become a bank holding
company by acquiring 100 percent of
the voting shares of The National Bank
of Coxsackie, Coxsackie, New York.
B. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
PO 00000
Frm 00024
Fmt 4703
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BILLING CODE 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 Domestic
Branch Notification (FR 4001; OMB No.
7100–0097).
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)
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,
AGENCY:
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28FEN1
]]>Agencies
[Federal Register Volume 84, Number 40 (Thursday, February 28, 2019)]
[Notices]
[Page 6788]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-03506]
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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 29, 2019.
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. NBC Bancorp, Inc., Coxsackie, New York; to become a bank holding
company by acquiring 100 percent of the voting shares of The National
Bank of Coxsackie, Coxsackie, New York.
B. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. Forward Mutual Holding Company, and Forward Financial, Inc.,
both of Marshfield, Wisconsin; to become bank holding companies by
acquiring The First National Bank of Park Falls, Parks Falls,
Wisconsin.
Board of Governors of the Federal Reserve System, February 25,
2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019-03506 Filed 2-27-19; 8:45 am]
BILLING CODE P
