Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 40055-40056 [2019-17279]

Download as PDF 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 jspears on DSK3GMQ082PROD with NOTICES VerDate Sep<11>2014 17:51 Aug 12, 2019 Jkt 247001 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). Frm 00036 Fmt 4703 Sfmt 4703 The companies listed in this notice have applied to the Board for approval, E:\FR\FM\13AUN1.SGM 13AUN1 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] jspears on DSK3GMQ082PROD with NOTICES BILLING CODE 6210–01–P VerDate Sep<11>2014 17:51 Aug 12, 2019 Jkt 247001 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 http:// 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 http:// 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 Frm 00037 Fmt 4703 Sfmt 4703 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 E:\FR\FM\13AUN1.SGM 13AUN1

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