Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 68452 [2019-26973]
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68452
Federal Register / Vol. 84, No. 241 / Monday, December 16, 2019 / Notices
lotter on DSKBCFDHB2PROD with NOTICES
approved 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 instrument(s) are placed
into OMB’s public docket files.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, With Revision, of the Following
Information Collection
Report title: Reporting and Disclosure
Requirements Related to Securities of
State Member Banks as Required by
Regulation H.
Agency form number: FR H–1.
OMB control number: 7100–0091.
Effective Date: January 1, 2020.
Frequency: Annually, Quarterly, and
on occasion.
Respondents: State member banks
(SMBs).
Estimated number of respondents: 2.
Estimated average hours per response:
Reporting requirements: Form 8–A, 3.0
hours; Form 10, 218 hours; Regulation
12B, 1 hour; Rule 13e–1, 13.0 hours;
Regulation 14C and Schedule 14C, 98.2
hours; Regulation 14D and Schedule
14D, 65.14 hours; Rule 14f–l, 2.0 hours;
Form 10–K, 2395.73 hours; Form 10–Q,
190.42 hours; and Form 8–K, 7.71
hours; Disclosure requirements: Form 3,
0.16 hours; Form 4, 0.16 hours; and
Form 5, 0.16 hours; Reporting and
Disclosure requirements: Regulation
14A and Schedule 14A, 12.75 hours;
Rule 12b–25 and Form 12b–25, 2.50
hours; Rule 13e–3 and Schedule 13E–3,
34.36 hours; and Form 15, 1.50 hours.
Estimated annual burden hours:
Reporting requirements: Form 8–A, 6
hours; Form 10, 436 hours; Regulation
12B, 2 hours; Rule 13e–1, 26 hours;
Regulation 14C and Schedule 14C, 196
hours; Regulation 14D and Schedule
14D, 130 hours; Rule 14f–l, 4 hours;
Form 10–K, 4,791 hours; Form 10–Q,
1,143 hours; and Form 8–K, 15 hours;
Disclosure requirements: Form 3, 0.32
hours; Form 4, 11 hours; and Form 5, 3
hours; Reporting and Disclosure
requirements: Regulation 14A and
Schedule 14A, 26 hours; Rule 12b–25
and Form 12b–25, 5 hours; Rule 13e–3
and Schedule 13E–3, 69 hours; and
Form 15, 3 hours.
General description of report: The
Board’s Regulation H requires SMBs
whose securities are subject to
registration pursuant to the Securities
Exchange Act of 1934 (Exchange Act) 1
to disclose certain information to
shareholders and securities exchanges
and to report information relating to
1 15
U.S.C. 78a et seq.
VerDate Sep<11>2014
19:21 Dec 13, 2019
Jkt 250001
their securities to the Board using forms
adopted by the Securities and Exchange
Commission (SEC) and in compliance
with certain rules and regulations
adopted by the SEC.
Legal authorization and
confidentiality: Various provisions of
the Exchange Act require issuers to file
reports with the SEC and make certain
disclosures, and sections 12(i) and
23(a)(1) of the Exchange Act authorize
the Board to adopt rules and regulations
requiring qualifying SMBs to file those
reports with the Board (15 U.S.C. 78l(i)
and 78w(a)(1)). The FR H–1 is
mandatory. Reports filed with the Board
pursuant to this collection are not
considered confidential and must be
disclosed publically under Regulation H
(12 CFR 208.36(c)(3)). However, a SMB
may request that a report or document
not be disclosed to the public (12 CFR
208.36(d)). Should a SMB request
confidential treatment of such
information, the question of whether the
information is entitled to confidential
treatment would be determined on a
case-by-case basis. Information may be
kept confidential under exemption 4 of
the Freedom of Information Act, which
protects privileged or confidential
commercial or financial information (5
U.S.C. 552(b)(4)).
Current actions: On August 12, 2019,
the Board published an initial notice in
the Federal Register (84 FR 39845)
requesting public comment for 60 days
on the extension, with revision, of the
FR H–1. The Board proposed to revise
the FR H–1 to account for certain
collections of information in SEC
regulations that apply to SMBs with
registered securities (that have not
previously been accounted for) and
revisions made by the SEC to certain
forms and disclosure requirements. The
comment period for this notice expired
on October 11, 2019. The Board did not
receive any comments. The revisions
will be implemented as originally
proposed, effective January 1, 2020.
Board of Governors of the Federal Reserve
System, December 11, 2019.
Ann Misback,
Secretary of the Board.
[FR Doc. 2019–27037 Filed 12–13–19; 8:45 am]
BILLING CODE 6210–01–P
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
PO 00000
Frm 00061
Fmt 4703
Sfmt 4703
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, if any, 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)).
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than January 9, 2020.
A. Federal Reserve Bank of New York
(Ivan Hurwitz, Senior Vice President) 33
Liberty Street, New York, New York
10045–0001. Comments can also be sent
electronically to
Comments.applications@ny.frb.org:
1. First Bancorp, San Juan, Puerto
Rico; to acquire Santander BanCorp and
thereby indirectly acquire Banco
Santander Puerto Rico, both of San Juan,
Puerto Rico. In addition, FirstBank
Puerto Rico, San Juan, Puerto Rico, to
become a bank holding company for a
moment in time by acquiring Santander
BanCorp and thereby indirectly
acquiring Banco Santander Puerto Rico.
Board of Governors of the Federal Reserve
System, December 10, 2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019–26973 Filed 12–13–19; 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, without revision, the Payments
Research Survey (FR 3067; OMB No.
7100–0355).
FOR FURTHER INFORMATION CONTACT:
AGENCY:
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16DEN1
]]>Agencies
[Federal Register Volume 84, Number 241 (Monday, December 16, 2019)]
[Notices]
[Page 68452]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26973]
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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, if any, 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)).
Comments regarding each of these applications must be received at
the Reserve Bank indicated or the offices of the Board of Governors,
Ann E. Misback, Secretary of the Board, 20th Street and Constitution
Avenue NW, Washington, DC 20551-0001, not later than January 9, 2020.
A. Federal Reserve Bank of New York (Ivan Hurwitz, Senior Vice
President) 33 Liberty Street, New York, New York 10045-0001. Comments
can also be sent electronically to [email protected]:
1. First Bancorp, San Juan, Puerto Rico; to acquire Santander
BanCorp and thereby indirectly acquire Banco Santander Puerto Rico,
both of San Juan, Puerto Rico. In addition, FirstBank Puerto Rico, San
Juan, Puerto Rico, to become a bank holding company for a moment in
time by acquiring Santander BanCorp and thereby indirectly acquiring
Banco Santander Puerto Rico.
Board of Governors of the Federal Reserve System, December 10,
2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019-26973 Filed 12-13-19; 8:45 am]
BILLING CODE P
