Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 1811 [2020-00278]
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Federal Register / Vol. 85, No. 8 / Monday, January 13, 2020 / Notices
similar data on other forms of
assistance.
Annual Audit
The CWA requires a CWSRF to
undergo an annual audit. Though an
audit conducted under the Single Audit
Act meets this requirement, the EPA
still recommends that a CWSRF also
undergo a separate independent audit as
a best management practice. The audit
must contain an opinion on the
financial condition of the CWSRF
program, a report on its internal
controls, and a report on compliance
with applicable laws and the CWA.
Clean Water National Information
Management System (CWNIMS) and
CWSRF Benefits Reporting (CBR)
To meet the CWA objective of
‘‘promoting the efficient use of fund
resources,’’ states must enter financial
data, including project disbursements,
into the CWNIMS database on an annual
basis. This publicly available
information is used by the EPA to assess
compliance with the CWSRFs’ mandate
to use all funds in an ‘‘expeditious and
timely’’ manner and achieve the
objectives of the CWA. Project level data
is collected on a quarterly basis using
the CBR System to record projected
environmental results from CWSRF
projects.
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CWSRF Applications
The application is developed and
used by the CWSRFs to determine the
project’s eligibility, to evaluate the
borrower’s financial capability to repay
the CWSRF, and to ensure that the
borrower will comply with all
applicable program requirements. The
information collected by the CWSRF
applications is consistent with
requirements set forth by the CWA.
Public Awareness Policy
Per EPA Grants Policy Issuance (GPI)
14–02: Enhancing Public Awareness of
EPA Assistance Agreements, CWSRF
borrowers must publicize the EPA’s
involvement in project funding only up
to the funding amount in each year’s
capitalization grant. The CWSRFs have
various options to meet this
requirement.
Except for the public awareness
policy and CWSRF applications, the
respondents for the information
collection activities are the state
environmental departments and/or
finance agencies responsible for
operating the CWSRFs. The CWSRFs
have procedures in place to assist
borrowers in completing the
applications. The public awareness
policy directly impacts CWSRF
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borrowers that are designated as
recipients of federal funds. The burden
associated with the public awareness
policy should not have an impact on
small entities since the CWSRFs have
flexibility in determining which
borrowers must comply with this
requirement.
Form numbers: None.
Respondents/affected entities: Entities
affected by this action are state
environmental departments and/or
finance agencies responsible for
operating the CWSRFs and eligible
CWSRF borrowers.
Respondent’s obligation to respond:
Required to obtain or retain a benefit per
Title VI of CWA as amended by
WRRDA.
Estimated number of respondents: 51
state environmental departments and/or
finance agencies (per year); 1,544
eligible CWSRF borrowers (per year).
Frequency of response: Varies by
requirement (i.e., quarterly and
annually).
Total estimated burden: 659,390
hours (per year). Burden is defined at 5
CFR 1320.03(b).
Total estimated cost: $33,199,314 (per
year).
Changes in estimates: There is an
increase of 72,004 hours (per year) in
the total estimated reporting burden
compared with the ICR currently
approved by OMB. This increase is from
an upward adjustment of the annual
number of CWSRF applications
expected to occur during this collection
period. Specifically, the estimated
annual number of CWSRF applications
has been increased from 1,359 to 1,544
in response to recent activity.
Dated: December 20, 2019.
Andrew D. Sawyers,
Director, Office of Wastewater Management.
1811
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), and interested persons
may express their views in writing on
the standards enumerated in section 4.
Unless otherwise noted, nonbanking
activities will be conducted throughout
the United States.
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 February 12, 2020.
A. Federal Reserve Bank of
Minneapolis (Chris P. Wangen,
Assistant Vice President), 90 Hennepin
Avenue, Minneapolis, Minnesota
55480–0291:
1. L1 Holding Corporation,
Minneapolis, Minnesota; to become a
bank holding company by acquiring
Eagle Community Bank, Maple Grove,
Minnesota. In connection with this
application, L1 Holding Corporation has
applied to engage in mortgage lending
activities by acquiring LeaderOne
Financial Corporation, Overland Park,
Kansas, pursuant to section 4 of the
BHC Act.
BILLING CODE 6560–50–P
Board of Governors of the Federal Reserve
System, January 8, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
FEDERAL RESERVE SYSTEM
[FR Doc. 2020–00278 Filed 1–10–20; 8:45 am]
[FR Doc. 2020–00274 Filed 1–10–20; 8:45 am]
BILLING CODE P
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.
PO 00000
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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
§ 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)).
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]]>Agencies
[Federal Register Volume 85, Number 8 (Monday, January 13, 2020)]
[Notices]
[Page 1811]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00278]
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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, 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), and interested persons
may express their views in writing on the standards enumerated in
section 4. Unless otherwise noted, nonbanking activities will be
conducted throughout the United States.
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 February 12, 2020.
A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant
Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
1. L1 Holding Corporation, Minneapolis, Minnesota; to become a bank
holding company by acquiring Eagle Community Bank, Maple Grove,
Minnesota. In connection with this application, L1 Holding Corporation
has applied to engage in mortgage lending activities by acquiring
LeaderOne Financial Corporation, Overland Park, Kansas, pursuant to
section 4 of the BHC Act.
Board of Governors of the Federal Reserve System, January 8,
2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-00278 Filed 1-10-20; 8:45 am]
BILLING CODE P
