Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 9472-9473 [2020-03233]

Download as PDF 9472 Federal Register / Vol. 85, No. 33 / Wednesday, February 19, 2020 / Notices khammond on DSKJM1Z7X2PROD with NOTICES Section 6 of the Bank Act establishes capital requirements for the Banks and requires FHFA to issue regulations prescribing uniform capital standards applicable to all of the Banks.1 Section 6 also establishes parameters relating to the Banks’ capital structures and requires that each Bank adopt a ‘‘capital structure plan’’ (capital plan) to establish, within those statutory parameters, its own capital structure and to establish requirements for, and govern transactions in, the Bank’s capital stock.2 FHFA’s regulations on Bank Capital Requirements, Capital Stock, and Capital Plans are located at 12 CFR part 1277. B. Need For and Use of the Information Collection Both the Bank Act and FHFA’s regulations state that a Bank’s capital plan must require its members to maintain a minimum investment in the Bank’s capital stock, but both permit each Bank to determine for itself what that minimum investment is and how each member’s required minimum investment is to be calculated.3 Although each Bank’s capital plan establishes a slightly different method for calculating the required minimum stock investment for its members, each Bank’s method is tied to some degree to both the level of assets held by the member institution (typically referred to as a ‘‘membership stock purchase requirement’’) and the amount of advances or other business engaged in between the member and the Bank (typically referred to as an ‘‘activitybased stock purchase requirement’’). A Bank must collect information from its members to determine the minimum capital stock investment each member is required to maintain at any point in time. Although the information needed to calculate a member’s required minimum investment and the precise method through which it is collected differ somewhat from Bank to Bank, the Banks typically collect two types of information. First, in order to calculate and monitor compliance with its membership stock purchase requirement, a Bank typically requires each member to provide and/or confirm an annual report on the amount and types of assets held by that institution. Second, each time a Bank engages in a business transaction with a member, the Bank typically confirms with the member the amount of additional Bank capital stock, if any, the member must 1 See 12 U.S.C. 1426(a). 12 U.S.C. 1426(b), (c). 3 See 12 U.S.C. 1426(c)(1); 12 CFR 1277.22, 1277.28(a). 2 See VerDate Sep<11>2014 17:51 Feb 18, 2020 Jkt 250001 acquire in order to satisfy the Bank’s activity-based stock purchase requirement and the method through which the member will acquire that stock. The OMB number for the information collection is 2590–0002, which is due to expire on April 30, 2020. The likely respondents include current and former Bank members and institutions applying for Bank membership. including whether the information has practical utility; (2) the accuracy of FHFA’s estimates of the burdens of the collection of information; (3) ways to enhance the quality, utility, and clarity of the information collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. C. Burden Estimate FHFA has analyzed the time burden imposed on respondents by the two collections under this control number and estimates that the average total annual hour burden imposed on all respondents over the next three years will be 15,045 hours. The estimate for each collection was calculated as follows: Dated: February 11, 2020. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. 1. Membership Stock Purchase Requirement Submissions FHFA estimates that the average annual number of current and former members and applicants for membership required to report information needed to calculate a membership stock purchase requirement will be 6,950, and that each institution will submit one report per year, resulting in an estimated total of 6,950 submissions annually. The estimate for the average time required to prepare, review, and submit each report is 0.5 hours. Accordingly, the estimate for the annual hour burden associated with membership stock purchase requirement submissions is (6,950 reports × 0.5 hours per report) = 3,475 hours. 2. Activity-Based Stock Purchase Requirement Submissions FHFA estimates that the average number of daily transactions between Banks and members that will require the exchange of information to confirm the member’s activity-based stock purchase requirement will be 341, and that there will be an average of 261 working days per year, resulting in an estimated 89,001 submissions annually. The estimate for the average preparation time per submission is 0.13 hours. Accordingly, the estimate for the annual hour burden associated with activitybased stock purchase requirement submissions is (89,001 submissions × 0.13 hours per submission) = 11,570 hours. D. Comment Request FHFA requests written comments on the following: (1) Whether the collection of information is necessary for the proper performance of FHFA functions, PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 [FR Doc. 2020–03242 Filed 2–18–20; 8:45 am] BILLING CODE 8070–01–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 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 March 19, 2020. A. Federal Reserve Bank of Atlanta (Kathryn Haney, Assistant Vice President) 1000 Peachtree Street NE, Atlanta, Georgia 30309. Comments can also be sent electronically to Applications.Comments@atl.frb.org: 1. Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Brandon, Mississippi; to acquire additional voting shares, for a total of 18.75 percent of the voting E:\FR\FM\19FEN1.SGM 19FEN1 Federal Register / Vol. 85, No. 33 / Wednesday, February 19, 2020 / Notices shares of Community Bancshares of Mississippi, Inc., Brandon, Mississippi, and thereby indirectly acquire shares of Community Bank of Mississippi, Forest, Mississippi. Board of Governors of the Federal Reserve System, February 13, 2020. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2020–03233 Filed 2–18–20; 8:45 am] BILLING CODE P DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Disease Control and Prevention khammond on DSKJM1Z7X2PROD with NOTICES Disease, Disability, and Injury Prevention and Control Special Emphasis Panel (SEP)—DD15– 0030601SUPP20, Using Longitudinal Data To Characterize the Natural History of Fragile X Syndrome To Improve Service; Amended Notice of Meeting Notice is hereby given of a change in the meeting of the Disease, Disability, and Injury Prevention and Control Special Emphasis Panel (SEP)—DD15– 0030601SUPP20, Using Longitudinal Data to Characterize the Natural History of Fragile X Syndrome to Improve Service; April 2, 2020; 11 a.m.–5 p.m., (EDT). Teleconference, which was published in the Federal Register on Monday, February 3, 2020, Volume 85, Number 22, pages 5963–5964. The meeting is being amended to change the title of the meeting to DD15– 003, Using Longitudinal Data to Characterize the Natural History of Fragile X Syndrome to Improve Service. The meeting is closed to the public. FOR FURTHER INFORMATION CONTACT: Jaya Raman Ph.D., Scientific Review Officer, CDC, 4770 Buford Highway, Mailstop F80, Atlanta, Georgia 30341, Telephone: (770) 488–6511, kva5@cdc.gov. The Director, Strategic Business Initiatives Unit, Office of the Chief Operating Officer, Centers for Disease Control and Prevention, has been delegated the authority to sign Federal Register notices pertaining to announcements of meetings and other committee management activities, for both the Centers for Disease Control and Prevention and the Agency for Toxic Substances and Disease Registry. Kalwant Smagh, Director, Strategic Business Initiatives Unit, Office of the Chief Operating Officer, Centers for Disease Control and Prevention. [FR Doc. 2020–03166 Filed 2–18–20; 8:45 am] BILLING CODE 4163–18–P VerDate Sep<11>2014 17:51 Feb 18, 2020 Jkt 250001 9473 2. Email your request, including your address, phone number, OMB number, and CMS document identifier, to Centers for Medicare & Medicaid Paperwork@cms.hhs.gov. Services 3. Call the Reports Clearance Office at (410) 786–1326. [Document Identifier: CMS–10708] FOR FURTHER INFORMATION CONTACT: William Parham at (410) 786–4669. Agency Information Collection Activities: Submission for OMB SUPPLEMENTARY INFORMATION: Under the Review; Comment Request Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3501–3520), federal agencies AGENCY: Centers for Medicare & must obtain approval from the Office of Medicaid Services, HHS. Management and Budget (OMB) for each ACTION: Notice. collection of information they conduct or sponsor. The term ‘‘collection of SUMMARY: The Centers for Medicare & Medicaid Services (CMS) is announcing information’’ is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) and an opportunity for the public to includes agency requests or comment on CMS’ intention to collect requirements that members of the public information from the public. Under the submit reports, keep records, or provide Paperwork Reduction Act of 1995 information to a third party. Section (PRA), federal agencies are required to 3506(c)(2)(A) of the PRA (44 U.S.C. publish notice in the Federal Register 3506(c)(2)(A)) requires federal agencies concerning each proposed collection of to publish a 30-day notice in the information, including each proposed extension or reinstatement of an existing Federal Register concerning each proposed collection of information, collection of information, and to allow including each proposed extension or a second opportunity for public reinstatement of an existing collection comment on the notice. Interested of information, before submitting the persons are invited to send comments collection to OMB for approval. To regarding the burden estimate or any comply with this requirement, CMS is other aspect of this collection of information, including the necessity and publishing this notice that summarizes the following proposed collection(s) of utility of the proposed information collection for the proper performance of information for public comment: 1. Type of Information Collection the agency’s functions, the accuracy of Request: New collection (Request for a the estimated burden, ways to enhance new OMB control number); Title of the quality, utility, and clarity of the information to be collected, and the use Information Collection: Proposed Repetitive, Scheduled Non-Emergent of automated collection techniques or other forms of information technology to Ambulance Transport (RSNAT) Prior Authorization Process and minimize the information collection Requirements for a Potential National burden. Model; Use: CMS is pursuing approval DATES: Comments on the collection(s) of to potentially expand the RSNAT Prior information must be received by the Authorization Model nationally if the OMB desk officer by March 20, 2020. Secretary determines that the expansion criteria are met. The potential national ADDRESSES: When commenting on the model would follow the same design as proposed information collections, please reference the document identifier the current RSNAT Prior Authorization Model, as described in the September or OMB control number. To be assured 16, 2019, Federal Register (84 FR consideration, comments and 48620) and may be implemented in recommendations must be received by multiple phases. If such a national the OMB desk officer via one of the following transmissions: OMB, Office of model moves forward, the information that would be required under this Information and Regulatory Affairs, collection would be used to determine Attention: CMS Desk Officer, Fax proper payment for repetitive, Number: (202) 395–5806 OR, Email: scheduled non-emergent ambulance OIRA_submission@omb.eop.gov. transports. The information required in To obtain copies of a supporting a prior authorization request package statement and any related forms for the would include all medical documents proposed collection(s) summarized in and information to show that the this notice, you may make your request number and level of transports using one of following: requested are reasonable and necessary 1. Access CMS’ website address at website address at https://www.cms.gov/ for the beneficiary and meet other Medicare requirements. If an ambulance Regulations-and-Guidance/Legislation/ supplier does not submit a prior PaperworkReductionActof1995/PRAauthorization request by the fourth Listing.html. DEPARTMENT OF HEALTH AND HUMAN SERVICES PO 00000 Frm 00023 Fmt 4703 Sfmt 4703 E:\FR\FM\19FEN1.SGM 19FEN1

Agencies

[Federal Register Volume 85, Number 33 (Wednesday, February 19, 2020)]
[Notices]
[Pages 9472-9473]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03233]


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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 March 19, 2020.
    A. Federal Reserve Bank of Atlanta (Kathryn Haney, Assistant Vice 
President) 1000 Peachtree Street NE, Atlanta, Georgia 30309. Comments 
can also be sent electronically to [email protected]:
    1. Community Bancshares of Mississippi, Inc. Employee Stock 
Ownership Plan, Brandon, Mississippi; to acquire additional voting 
shares, for a total of 18.75 percent of the voting

[[Page 9473]]

shares of Community Bancshares of Mississippi, Inc., Brandon, 
Mississippi, and thereby indirectly acquire shares of Community Bank of 
Mississippi, Forest, Mississippi.

    Board of Governors of the Federal Reserve System, February 13, 
2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-03233 Filed 2-18-20; 8:45 am]
 BILLING CODE P