Federal Home Loan Bank Community Support Program-Opportunity To Comment on Members Subject to Review, 11782-11783 [2019-05980]

Download as PDF 11782 Federal Register / Vol. 84, No. 60 / Thursday, March 28, 2019 / Notices Washington, DC 20548, or call (202) 512–7350. Authority: Federal Advisory Committee Act, Pub. L. 92–463. Dated: March 15, 2019. Wendy M. Payne, Executive Director. [FR Doc. 2019–06005 Filed 3–27–19; 8:45 am] BILLING CODE 1610–02–P FEDERAL HOUSING FINANCE AGENCY [No. 2019–N–3] Federal Home Loan Bank Community Support Program—Opportunity To Comment on Members Subject to Review Federal Housing Finance Agency. ACTION: Notice. AGENCY: The Federal Housing Finance Agency (FHFA) is announcing that FHFA will review all applicable Federal Home Loan Bank (Bank) members in 2019 under FHFA’s community support requirements regulation. This Notice invites the public to comment on the community support performance of individual members. DATES: Public comments on individual Bank members’ community support performance must be submitted to FHFA on or before April 29, 2019. ADDRESSES: Comments on members’ community support performance should be submitted to FHFA by electronic mail at hmgcommunitysupportprogram@ fhfa.gov or by fax to 202–649–4308. FOR FURTHER INFORMATION CONTACT: Deattra Perkins, Senior Policy Analyst, at hmgcommunitysupportprogram@ fhfa.gov or 202–649–3133, Division of Housing Mission and Goals, Federal Housing Finance Agency, Ninth Floor, 400 Seventh Street SW, Washington, DC 20219. SUPPLEMENTARY INFORMATION: SUMMARY: amozie on DSK9F9SC42PROD with NOTICES I. Community Support Review Section 10(g)(1) of the Federal Home Loan Bank Act (Bank Act) requires FHFA to promulgate regulations establishing standards of community investment or service that Bank members must meet in order to maintain access to long-term Bank advances. See 12 U.S.C. 1430(g)(1). The regulations promulgated by FHFA must take into account factors such as the Bank member’s performance under the Community Reinvestment Act of 1977 (CRA), 12 U.S.C. 2901 et seq., and the VerDate Sep<11>2014 18:57 Mar 27, 2019 Jkt 247001 Bank member’s record of lending to first-time homebuyers. See 12 U.S.C. 1430(g)(2). Pursuant to section 10(g) of the Bank Act, FHFA has promulgated a community support requirements regulation that establishes standards a Bank member must meet in order to maintain access to long-term advances, and establishes review criteria FHFA must apply in evaluating a member’s community support performance. See 12 CFR part 1290. The regulation includes standards and criteria for the two statutory factors—members’ CRA performance and members’ record of lending to first-time homebuyers. 12 CFR 1290.3. Only members subject to the CRA must meet the CRA standard. 12 CFR 1290.3(a), (b). All members subject to community support review, including those not subject to the CRA, must meet the first-time homebuyer standard. 12 CFR 1290.3(c). Members that have been certified as community development financial institutions (CDFIs) are deemed to be in compliance with the community support requirements and are not subject to periodic community support review, unless the CDFI member is also an insured depository institution or a CDFI credit union. 12 CFR 1290.2(d). In addition, FHFA will not review an institution’s community support performance until it has been a Bank member for at least one year. 12 CFR 1290.2(e). Under the regulation, FHFA reviews each applicable member once every two years. Starting April 1, 2019, each member that is subject to community support review will be required to use an online form to submit to FHFA a completed Community Support Statement, executed by an appropriate senior officer of the member. All Community Support Statements for this review cycle must be submitted using the online form by October 31, 2019. FHFA will review the community support performance of each member after receiving the member’s completed Community Support Statement. II. Public Comments FHFA encourages the public to submit comments by April 29, 2019, on the community support performance of Bank members. Each Bank is required to post a notice on its public website and to notify its Advisory Council, nonprofit housing developers, community groups, and other interested parties in its district of the opportunity to submit comments on the community support programs and activities of Bank members, with the name and address of each member subject to community support review. 12 CFR 1290.2(c)(1). PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 FHFA may provide copies of comments received on a member’s community support performance to the member’s Bank, including any personal information provided by the commenter such as name, address, email address, and telephone number. In reviewing a member for community support compliance, FHFA will consider any public comments it has received concerning the member. 12 CFR 1290.2(c)(3). To ensure consideration by FHFA, comments concerning the community support performance of members being reviewed in 2019 must be submitted to FHFA, either by electronic mail to hmgcommunitysupportprogram@ fhfa.gov, or by fax to 202–649–4308, on or before April 29, 2019. 12 CFR 1290.2(c)(2). The names of applicable members currently subject to Community Support review can be found on the public websites for the individual Banks at: Federal Home Loan Bank of Boston— District 1 (Connecticut, Massachusetts, New Hampshire, Rhode Island, Vermont) http:// www.fhlbboston.com/community development/programs/support_ statements.jsp Federal Home Loan Bank of New York— District 2 (New Jersey, New York, Puerto Rico) http://www.fhlbny.com Federal Home Loan Bank of Pittsburgh—District 3 (Delaware, Pennsylvania, West Virginia) https:// www.fhlb-pgh.com/Files/Resources/ CSS.pdf Federal Home Loan Bank of Atlanta— District 4 (Alabama, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia) https://corp.fhlbatl.com/ community-support-program/ Federal Home Loan Bank of Cincinnati—District 5 (Kentucky, Ohio, Tennessee) https:// www.fhlbcin.com Federal Home Loan Bank of Indianapolis—District 6 (Indiana, Michigan) http://www.fhlbi.com Federal Home Loan Bank of Chicago— District 7 (Illinois, Wisconsin) https:// www.fhlbc.com/communityinvestment/community-supportstatements Federal Home Loan Bank of Des Moines—District 8 (Alaska, Guam, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming) https:// www.fhlbdm.com Federal Home Loan Bank of Dallas— District 9 (Arkansas, Louisiana, Mississippi, New Mexico, Texas) E:\FR\FM\28MRN1.SGM 28MRN1 Federal Register / Vol. 84, No. 60 / Thursday, March 28, 2019 / Notices electronically to Comments.applications@stls.frb.org: 1. Stone BancShares, Inc., Mountain View, Arkansas; to merge with DBT Financial Corporation, DeWitt, Arkansas and thereby indirectly acquire DeWitt Bank and Trust Company, DeWitt, Arkansas. https://www.fhlb.com/membership/ Pages/Community-SupportStandards.aspx Federal Home Loan Bank of Topeka— District 10 (Colorado, Kansas, Nebraska, Oklahoma) https:// www.fhlbtopeka.com/communityprograms-community-supportstatements Federal Home Loan Bank of San Francisco—District 11 (Arizona, California, Nevada) http:// www.fhlbsf.com/community/grant/ community-support-review.aspx Board of Governors of the Federal Reserve System, March 25, 2019. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2019–05989 Filed 3–27–19; 8:45 am] Dated: March 22, 2019. Joseph M. Otting, Acting Director, Federal Housing Finance Agency. FEDERAL RESERVE SYSTEM [FR Doc. 2019–05980 Filed 3–27–19; 8:45 am] Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities BILLING CODE 8070–01–P FEDERAL RESERVE SYSTEM amozie on DSK9F9SC42PROD with NOTICES 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 April 25, 2019. A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior Manager) P.O. Box 442, St. Louis, Missouri 63166–2034. Comments can also be sent VerDate Sep<11>2014 18:57 Mar 27, 2019 Jkt 247001 The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR part 225) 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 § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. 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 4 of the BHC Act. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than April 25, 2019. A. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. Texas Independent Bancshares, Inc., Texas City, Texas; to merge with Preferred Bancshares, Inc., Houston, Texas, and indirectly acquire Preferred Bank, Houston, Texas, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of Regulation Y. PO 00000 Frm 00045 Board of Governors of the Federal Reserve System, March 25, 2019. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2019–05987 Filed 3–27–19; 8:45 am] 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, with revision, the Financial Statements for Holding Companies (FR Y–9 family of reports) (OMB No. 7100– 0128), the Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y–7N family of reports) (OMB No. 7100–0125), the Bank Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates (FR Y– 8) (OMB No. 7100–0126), the Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies (FR Y–11 family of reports) (OMB No. 7100–0244), the Domestic Finance Company Report of Consolidated Assets and Liabilities (FR 2248) (OMB No. 7100–0005), the Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314 family of reports) (OMB No. 7100–0073), the Quarterly Savings and Loan Holding Company Report (FR 2320) (OMB No. 7100–0345), the Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks (FR 2644) (OMB No. 7100–0075), and the Consolidated Report of Condition and Income for Edge and Agreement Corporations (FR 2886b) (OMB No. 7100–0086). DATES: The revisions are applicable as of March 31, 2019. 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. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the Paperwork AGENCY: BILLING CODE P Fmt 4703 Sfmt 4703 11783 E:\FR\FM\28MRN1.SGM 28MRN1

Agencies

[Federal Register Volume 84, Number 60 (Thursday, March 28, 2019)]
[Notices]
[Pages 11782-11783]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-05980]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2019-N-3]


Federal Home Loan Bank Community Support Program--Opportunity To 
Comment on Members Subject to Review

AGENCY: Federal Housing Finance Agency.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Federal Housing Finance Agency (FHFA) is announcing that 
FHFA will review all applicable Federal Home Loan Bank (Bank) members 
in 2019 under FHFA's community support requirements regulation. This 
Notice invites the public to comment on the community support 
performance of individual members.

DATES: Public comments on individual Bank members' community support 
performance must be submitted to FHFA on or before April 29, 2019.

ADDRESSES: Comments on members' community support performance should be 
submitted to FHFA by electronic mail at 
[email protected] or by fax to 202-649-4308.

FOR FURTHER INFORMATION CONTACT: Deattra Perkins, Senior Policy 
Analyst, at [email protected] or 202-649-3133, 
Division of Housing Mission and Goals, Federal Housing Finance Agency, 
Ninth Floor, 400 Seventh Street SW, Washington, DC 20219.

SUPPLEMENTARY INFORMATION:

I. Community Support Review

    Section 10(g)(1) of the Federal Home Loan Bank Act (Bank Act) 
requires FHFA to promulgate regulations establishing standards of 
community investment or service that Bank members must meet in order to 
maintain access to long-term Bank advances. See 12 U.S.C. 1430(g)(1). 
The regulations promulgated by FHFA must take into account factors such 
as the Bank member's performance under the Community Reinvestment Act 
of 1977 (CRA), 12 U.S.C. 2901 et seq., and the Bank member's record of 
lending to first-time homebuyers. See 12 U.S.C. 1430(g)(2). Pursuant to 
section 10(g) of the Bank Act, FHFA has promulgated a community support 
requirements regulation that establishes standards a Bank member must 
meet in order to maintain access to long-term advances, and establishes 
review criteria FHFA must apply in evaluating a member's community 
support performance. See 12 CFR part 1290. The regulation includes 
standards and criteria for the two statutory factors--members' CRA 
performance and members' record of lending to first-time homebuyers. 12 
CFR 1290.3. Only members subject to the CRA must meet the CRA standard. 
12 CFR 1290.3(a), (b). All members subject to community support review, 
including those not subject to the CRA, must meet the first-time 
homebuyer standard. 12 CFR 1290.3(c). Members that have been certified 
as community development financial institutions (CDFIs) are deemed to 
be in compliance with the community support requirements and are not 
subject to periodic community support review, unless the CDFI member is 
also an insured depository institution or a CDFI credit union. 12 CFR 
1290.2(d). In addition, FHFA will not review an institution's community 
support performance until it has been a Bank member for at least one 
year. 12 CFR 1290.2(e).
    Under the regulation, FHFA reviews each applicable member once 
every two years. Starting April 1, 2019, each member that is subject to 
community support review will be required to use an online form to 
submit to FHFA a completed Community Support Statement, executed by an 
appropriate senior officer of the member. All Community Support 
Statements for this review cycle must be submitted using the online 
form by October 31, 2019. FHFA will review the community support 
performance of each member after receiving the member's completed 
Community Support Statement.

II. Public Comments

    FHFA encourages the public to submit comments by April 29, 2019, on 
the community support performance of Bank members. Each Bank is 
required to post a notice on its public website and to notify its 
Advisory Council, nonprofit housing developers, community groups, and 
other interested parties in its district of the opportunity to submit 
comments on the community support programs and activities of Bank 
members, with the name and address of each member subject to community 
support review. 12 CFR 1290.2(c)(1). FHFA may provide copies of 
comments received on a member's community support performance to the 
member's Bank, including any personal information provided by the 
commenter such as name, address, email address, and telephone number.
    In reviewing a member for community support compliance, FHFA will 
consider any public comments it has received concerning the member. 12 
CFR 1290.2(c)(3). To ensure consideration by FHFA, comments concerning 
the community support performance of members being reviewed in 2019 
must be submitted to FHFA, either by electronic mail to 
[email protected], or by fax to 202-649-4308, on or 
before April 29, 2019. 12 CFR 1290.2(c)(2).
    The names of applicable members currently subject to Community 
Support review can be found on the public websites for the individual 
Banks at:

Federal Home Loan Bank of Boston--District 1 (Connecticut, 
Massachusetts, New Hampshire, Rhode Island, Vermont) http://www.fhlbboston.com/communitydevelopment/programs/support_statements.jsp
Federal Home Loan Bank of New York--District 2 (New Jersey, New York, 
Puerto Rico) http://www.fhlbny.com
Federal Home Loan Bank of Pittsburgh--District 3 (Delaware, 
Pennsylvania, West Virginia) https://www.fhlb-pgh.com/Files/Resources/CSS.pdf
Federal Home Loan Bank of Atlanta--District 4 (Alabama, District of 
Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, 
Virginia) https://corp.fhlbatl.com/community-support-program/
Federal Home Loan Bank of Cincinnati--District 5 (Kentucky, Ohio, 
Tennessee) https://www.fhlbcin.com
Federal Home Loan Bank of Indianapolis--District 6 (Indiana, Michigan) 
http://www.fhlbi.com
Federal Home Loan Bank of Chicago--District 7 (Illinois, Wisconsin) 
https://www.fhlbc.com/community-investment/community-support-statements
Federal Home Loan Bank of Des Moines--District 8 (Alaska, Guam, Hawaii, 
Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South 
Dakota, Utah, Washington, Wyoming) https://www.fhlbdm.com
Federal Home Loan Bank of Dallas--District 9 (Arkansas, Louisiana, 
Mississippi, New Mexico, Texas)

[[Page 11783]]

https://www.fhlb.com/membership/Pages/Community-Support-Standards.aspx
Federal Home Loan Bank of Topeka--District 10 (Colorado, Kansas, 
Nebraska, Oklahoma) https://www.fhlbtopeka.com/community-programs-community-support-statements
Federal Home Loan Bank of San Francisco--District 11 (Arizona, 
California, Nevada) http://www.fhlbsf.com/community/grant/community-support-review.aspx

    Dated: March 22, 2019.
Joseph M. Otting,
Acting Director, Federal Housing Finance Agency.
[FR Doc. 2019-05980 Filed 3-27-19; 8:45 am]
BILLING CODE 8070-01-P