Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 40055-40056 [2019-17279]
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Federal Register / Vol. 84, No. 156 / Tuesday, August 13, 2019 / Notices
Board of Governors of the Federal Reserve
System, August 7, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019–17260 Filed 8–12–19; 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, with revision, the Request for
Extension of Time to Dispose of Assets
Acquired in Satisfaction of Debts
Previously Contracted (FR 4006; OMB
No. 7100–0129).
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.
Office of Management and Budget
(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.
A copy of the PRA OMB submission,
including the reporting form and
instructions, supporting statement, and
other documentation will be placed into
OMB’s public docket files. These
documents also are available on the
Federal Reserve Board’s public website
at https://www.federalreserve.gov/apps/
reportforms/review.aspx or may be
requested from the agency clearance
officer, whose name appears above.
SUPPLEMENTARY INFORMATION: On June
15, 1984, OMB delegated to the Board
authority under the Paperwork
Reduction Act (PRA) to approve and
assign OMB control numbers to
collection of information conducted or
sponsored by the Board. Boardapproved collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the
PRA Submission, supporting statements
and approved collection of information
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for up to five additional years (for a total
of 10 years). Pursuant to section
225.12(b) of Regulation Y, a BHC may
Final Approval Under OMB Delegated
request an extension of the section 3(a)
Authority of the Extension for Three
holding period for voting securities of a
Years, With Revision, of the Following
bank or BHC acquired in the ordinary
Information Collection
course of collecting a DPC in good faith.
Report title: Request for Extension of
Pursuant to section 225.22(d)(1) of
Time to Dispose of Assets Acquired in
Regulation Y, a BHC may request an
Satisfaction of Debts Previously
extension of the section 4(c)(2) holding
Contracted (DPC).
period for voting securities or assets of
Agency form number: FR 4006.
a nonbanking company acquired in the
OMB control number: 7100–0129.
ordinary course of collecting a DPC in
Frequency: Event-generated.
good faith. The FR 4006 is required to
Respondents: Bank holding
obtain the benefit of being permitted to
companies (BHCs).
retain ownership, for more than two
Estimated number of respondents:
years, of voting securities or assets
Section 3(a) DPC: 21; Section 4(c)(2)
acquired in the ordinary course of
DPC: 42.
collection of a DPC. Individual
Estimated average hours per response: respondents may request that
Section 3(a) DPC: 5 hours; Section
information submitted to the Board,
4(c)(2) DPC: 5 hours.
pursuant to sections 225.12(b) and
Estimated annual burden hours:
225.22(d) of Regulation Y, be kept
Section 3(a) DPC: 105 hours; Section 4
confidential on a case-by-case basis.
(c)(2) DPC: 210 hours.
Such requests generally contain
General description of report: The
information related to how the BHC
Bank Holding Company Act (BHC Act)
acquired shares or assets and the plans
and the Board’s Regulation Y require a
of the BHC to divest the shares or assets.
BHC that acquired voting securities or
Under certain circumstances, this
assets through foreclosure or otherwise
information may qualify under
in the ordinary course of collecting a
exemption 4 of the Freedom of
DPC to seek prior Board approval in
Information Act, which protects
order to retain ownership of those
privileged or confidential commercial or
shares or assets for more than two years. financial information (5 U.S.C.
There are no required formal reporting
552(b)(4)).
forms associated with this information
Current actions: On April 3, 2019, the
collection (the FR 4006 designation is
Board published a notice in the Federal
for internal purposes only). Instead, a
Register (84 FR 13044) requesting
BHC is required to submit any extension public comment for 60 days on the
request to the Reserve Bank that has
extension, with revision, of the Request
direct supervisory responsibility for the for Extension of Time to Dispose of
requesting BHC. The Board uses the
Assets Acquired in Satisfaction of Debts
information provided in the request to
Previously Contracted (DPC). The Board
fulfill its statutory obligation to
will revise the FR 4006 to account for
supervise BHCs.
requests for an extension of the section
Legal authorization and
3(a) holding period for bank DPC
confidentiality: The FR 4006 is
property pursuant to section 225.12(b)
authorized pursuant to sections 3(a) and of the Board’s Regulation Y. The FR
4(c)(2) of the BHC Act 1 and sections
4006 currently does not account for this
225.12(b) and 225.22(d) of Regulation
collection of information. The comment
Y.2 Under sections 3(a) and 4(c)(2) of the period for this notice expired on June 3,
BHC Act and sections 225.12(b) and
2019. The Board did not receive any
225.22(d)(1) of the Board’s Regulation Y, comments. The revision will be
a BHC is not required to seek prior
implemented as proposed.
Board approval before acquiring
Board of Governors of the Federal Reserve
securities or assets in the ordinary
System, August 7, 2019.
course of collecting a DPC in good faith,
Michele Taylor Fennell,
if such securities or assets (the ‘‘DPC
property’’) are divested within two years Assistant Secretary of the Board.
[FR Doc. 2019–17262 Filed 8–12–19; 8:45 am]
of acquisition. In order to hold the DPC
BILLING CODE 6210–01–P
property beyond the two-year period, a
BHC is required to seek the approval of
the Board. The two-year period may be
FEDERAL RESERVE SYSTEM
extended by the Board for up to three
additional years, and holdings in certain Formations of, Acquisitions by, and
types of DPC property may be extended
Mergers of Bank Holding Companies
instrument(s) are placed into OMB’s
public docket files.
the FR 4004. The comment period for
this notice expired on June 18, 2019.
The Board did not receive any
comments.
AGENCY:
40055
1 12
2 12
PO 00000
U.S.C. 1842(a) and 1843(c)(2).
CFR 225.22(d).
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The companies listed in this notice
have applied to the Board for approval,
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40056
Federal Register / Vol. 84, No. 156 / Tuesday, August 13, 2019 / Notices
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 September 10,
2019.
A. Federal Reserve Bank of
Minneapolis (Mark A. Rauzi, Vice
President) 90 Hennepin Avenue,
Minneapolis, Minnesota 55480–0291:
1. Westbrand, Inc., Minot, North
Dakota; to acquire 100 percent of the
voting shares of BlackRidge Financial,
Inc., West Fargo, North Dakota, and
thereby indirectly acquire
BlackRidgeBANK, Fargo, North Dakota.
Board of Governors of the Federal Reserve
System, August 7, 2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019–17279 Filed 8–12–19; 8:45 am]
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DEPARTMENT OF DEFENSE
GENERAL SERVICES
ADMINISTRATION
NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
[OMB Control No. 9000–0029; Docket No.
2019–0003; Sequence No. 13]
Submission for OMB Review;
Extraordinary Contractual Action
Requests
Department of Defense (DOD),
General Services Administration (GSA),
and National Aeronautics and Space
Administration (NASA).
ACTION: Notice.
AGENCY:
SUMMARY: Under the provisions of the
Paperwork Reduction Act, the
Regulatory Secretariat Division has
submitted to the Office of Management
and Budget (OMB) a request to review
and approve a revision and renewal of
a previously approved information
collection requirement regarding
extraordinary contractual action
requests.
Submit comments on or before
September 12, 2019.
ADDRESSES: Submit comments regarding
this burden estimate or any other aspect
of this collection of information,
including suggestions for reducing this
burden to:
Office of Information and Regulatory
Affairs of OMB, Attention: Desk Officer
for GSA, Room 10236, NEOB,
Washington, DC 20503 or at Oira_
submission@omb.eop.gov. Additionally
submit a copy to GSA by any of the
following methods:
• Federal eRulemaking Portal: This
website provides the ability to type
short comments directly into the
comment field or attach a file for
lengthier comments. Go to https://
www.regulations.gov and follow the
instructions on the site.
• Mail: General Services
Administration, Regulatory Secretariat
Division (MVCB), 1800 F Street NW,
Washington, DC 20405. ATTN: Lois
Mandell/IC 9000–0029, Extraordinary
Contractual Action Requests.
Instructions: All items submitted
must cite Information Collection 9000–
0029, Extraordinary Contractual Action
Requests. Comments received generally
will be posted without change to https://
www.regulations.gov, including any
personal and/or business confidential
information provided. To confirm
receipt of your comment(s), please
check www.regulations.gov,
approximately two to three days after
DATES:
PO 00000
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submission to verify posting (except
allow 30 days for posting of comments
submitted by mail).
FOR FURTHER INFORMATION CONTACT: Ms.
Cecelia L. Davis, Procurement Analyst,
at 202–219–0202 or email at
cecelia.davis@gsa.gov.
SUPPLEMENTARY INFORMATION:
A. OMB Control Number, Title, and
Any Associated Form(s)
9000–0029, Extraordinary Contractual
Action Requests.
B. Needs and Uses
FAR subpart 50.1 prescribes policies
and procedures that allow contracts to
be entered into, amended, or modified
in order to facilitate national defense
under the extraordinary emergency
authority granted under 50 U.S.C. 1431
et seq. and Executive Order (E.O.) 10789
dated November 14, 1958, et seq.
This authority applies to the
Government Printing Office; the
Department of Homeland Security; the
Tennessee Valley Authority; the
National Aeronautics and Space
Administration; the Department of
Defense; the Department of the Army;
the Department of the Navy; the
Department of the Air Force; the
Department of the Treasury; the
Department of the Interior; the
Department of Agriculture; the
Department of Commerce; and the
Department of Transportation. Also
included is the Department of Energy
for functions transferred to that
Department from other authorized
agencies and any other agency that may
be authorized by the President.
In order for a contractor to be granted
relief under the FAR, specific evidence
must be submitted which supports the
firm’s assertion that relief is appropriate
and that the matter cannot be disposed
of under the terms of the contract.
FAR 50.103–3 specifies the minimum
information that a contractor must
include in a request for contract
adjustment in accordance with FAR 50–
103–1 and 50.103–2.
FAR 50–103–4 sets forth additional
information that the contracting officer
or other agency official may request
from the contractor to support any
request made under FAR 50.103–3.
FAR 50.104–3 sets forth the
information that the contractor shall
include in a request for the
indemnification clause to cover
unusually hazardous or nuclear risks.
FAR 52.250–1, Indemnification under
Public Law 850804, requires in
paragraph (g) that the contractor shall
promptly notify the contracting officer
of any claim or action against, or loss
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]]>Agencies
[Federal Register Volume 84, Number 156 (Tuesday, August 13, 2019)]
[Notices]
[Pages 40055-40056]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17279]
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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,
[[Page 40056]]
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 September 10, 2019.
A. Federal Reserve Bank of Minneapolis (Mark A. Rauzi, Vice
President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
1. Westbrand, Inc., Minot, North Dakota; to acquire 100 percent of
the voting shares of BlackRidge Financial, Inc., West Fargo, North
Dakota, and thereby indirectly acquire BlackRidgeBANK, Fargo, North
Dakota.
Board of Governors of the Federal Reserve System, August 7,
2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019-17279 Filed 8-12-19; 8:45 am]
BILLING CODE 6210-01-P
