Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 71940 [2019-27999]

Download as PDF 71940 Federal Register / Vol. 84, No. 249 / Monday, December 30, 2019 / Notices 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 23, 2020. 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 electronically to Comments.applications@stls.frb.org: 1. First Horizon National Corporation, Memphis, Tennessee; to acquire IBERIABANK Corporation and thereby indirectly acquire IBERIABANK, both of Lafayette, Louisiana. B. 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. Barclays US Holdings Limited, New York, New York; a company organized under the laws of the Cayman Islands, to become a bank holding company by acquiring Barclays US LLC, also of New York, New York, and thereby indirectly acquire Barclays Bank Delaware, Wilmington, Delaware. In addition, Barclays PLC and Barclays Bank PLC, both of London, England, to retain Barclays US Holdings Limited and thereby indirectly acquire Barclays US LLC and Barclays Bank Delaware. Board of Governors of the Federal Reserve System, December 20, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–28000 Filed 12–27–19; 8:45 am] BILLING CODE P khammond on DSKJM1Z7X2PROD with NOTICES Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). 20:00 Dec 27, 2019 Jkt 250001 Board of Governors of the Federal Reserve System, December 20, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–27999 Filed 12–27–19; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM [Docket No. OP–1692] Modifications to the Federal Reserve Banks’ National Settlement Service and Fedwire® Funds Service To Support Enhancements to the SameDay ACH Service and Corresponding Changes to the Federal Reserve Policy on Payment System Risk Board of Governors of the Federal Reserve System. ACTION: Notice. AGENCY: The Board of Governors (Board) has approved modifications to the Federal Reserve Banks’ (Reserve Banks) payment services to facilitate adoption of a later same-day automated clearinghouse (ACH) processing and settlement window. Specifically, the Reserve Banks will extend the daily operating hours of the National Settlement Service (NSS) and the Fedwire® Funds Service. To mitigate the risk that these modified hours will cause more frequent delays to the 9:00 p.m. eastern time (ET) reopening of the Fedwire Funds Service, the Reserve SUMMARY: FEDERAL RESERVE SYSTEM VerDate Sep<11>2014 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 paragraph 7 of the Act. 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 and Constitution Avenue NW, Washington, DC 20551–0001, not later than January 8, 2020. A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Susan Chapman Plumb, Tahlequah, Oklahoma; to retain voting shares of Grandview Bankshares, Inc., and thereby indirectly retain voting shares of Cherokee County Bancshares, Inc. and Bank of Cherokee County, all of Hulbert, Oklahoma. PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 Banks will modify the practice of maintaining a 2-hour window between the closing and reopening of the Fedwire Funds Service to maintain only a 90-minute window, and will increase the $1 billion value threshold for extending the closing of the Fedwire Funds Service to $3 billion. Finally, the Board has approved corresponding changes to the Federal Reserve Policy on Payment System Risk (PSR policy). DATES: Implementation date: March 19, 2021. FOR FURTHER INFORMATION CONTACT: Michael Ballard, Senior Financial Institution and Policy Analyst (202– 452–2384); Ann Sun, Lead Financial Institution and Policy Analyst (202– 912–7938), Division of Reserve Bank Operations and Payment Systems; or Evan H. Winerman, Senior Counsel (202–872–7578), Legal Division; for users of Telecommunication Devices for the Deaf (TDD) only, contact (202–263– 4869). SUPPLEMENTARY INFORMATION: I. Background On May 16, 2019, the Board published a Federal Register notice (Notice) seeking public comment on modifications to the Reserve Banks’ payment services to facilitate adoption of a later same-day ACH processing and settlement window.1 As described more fully in the Notice, the ACH network is made up of two network operators: The Reserve Banks, which operate the FedACH® service, and The Clearing House Payments Company L.L.C. (TCH), which operates the Electronic Payments Network (EPN) service.2 The ACH network is governed by the rules of the ACH operators, which generally incorporate the Nacha Operating Rules 1 84 FR 22123 (May 16, 2019). In addition, the Board has announced that the Federal Reserve intends to explore further expanded hours for NSS and the Fedwire Funds Service, up to 24 × 7 × 365, to support a wide range of payment activities, including liquidity management in private-sector real-time gross settlement services for faster payments. See 84 FR 39297 (August 9, 2019). The Board is analyzing the risk, operational, and policy implications of further expanding operating hours of NSS and the Fedwire Funds Service. 2 The Reserve Banks settle all ACH transactions that are originated or received by FedACH customers, including transactions that are exchanged between the two operators. TCH arranges settlement for only those ACH transactions that are originated and received by EPN customers (that is, transactions within the EPN network). The Reserve Banks settle ACH transactions by posting credits and debits to the sending and receiving banks’ Federal Reserve accounts at the settlement time and date provided in the FedACH processing schedule. TCH uses NSS to settle its in-network ACH transactions in participants’ Federal Reserve accounts, typically sending NSS files at the same times the Reserve Banks settle FedACH transactions. E:\FR\FM\30DEN1.SGM 30DEN1

Agencies

[Federal Register Volume 84, Number 249 (Monday, December 30, 2019)]
[Notices]
[Page 71940]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27999]


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FEDERAL RESERVE SYSTEM


Change in Bank Control Notices; Acquisitions of Shares of a Bank 
or Bank Holding Company

    The notificants listed below have applied under the Change in Bank 
Control Act (Act) (12 U.S.C. 1817(j)) and Sec.  225.41 of the Board's 
Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank 
holding company. The factors that are considered in acting on the 
notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
    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 paragraph 7 of the Act.
    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 and Constitution Avenue 
NW, Washington, DC 20551-0001, not later than January 8, 2020.
    A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant 
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
    1. Susan Chapman Plumb, Tahlequah, Oklahoma; to retain voting 
shares of Grandview Bankshares, Inc., and thereby indirectly retain 
voting shares of Cherokee County Bancshares, Inc. and Bank of Cherokee 
County, all of Hulbert, Oklahoma.

    Board of Governors of the Federal Reserve System, December 20, 
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-27999 Filed 12-27-19; 8:45 am]
BILLING CODE P
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