Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities, 36202 [2020-12841]
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Federal Register / Vol. 85, No. 115 / Monday, June 15, 2020 / Notices
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[FR Doc. 2020–12971 Filed 6–11–20; 4:15 pm]
BILLING CODE 6715–01–P
FEDERAL MARITIME COMMISSION
[Docket No. 20–09]
MAC Industries, Inc. d/b/a MAC
Container Line, Complainant v. COSCO
SHIPPING Lines Co., Ltd., Respondent;
Notice of Filing of Complaint and
Assignment
contract rates in violation of 46 U.S.
Code 41104 (a) (2)(A) and 46 CFR
530.10(a)(1) ‘‘requir[ing] that an
amendment to a service contract ‘. . .
[have] prospective effect and . . . [be]
mutually agreed upon by the service
contract parties.’ ’’ Complainant claims
that it communicated to Respondents
‘‘that it would accept the rate increases
prospectively from on or about February
28, 2020, provided that [Respondent]
agreed to withdraw the unlawful
retroactive charges which [Respondent]
had unilaterally and unlawfully
initiated.’’ Complainant further alleges
that Respondent ‘‘has taken retaliatory
steps against MAC in response to the
complaint’’ including limiting its VIP
Partner benefits.
Complainant alleges that Respondent
violated 46 U.S.C. 41104 (a)(3).
Complainant alleges it has suffered
‘‘financial damages of at least
$1,000,000 as a direct result of
Respondents’ repeated violations of 46
U.S.C. 8 § 41l04(a)(3)’’ and seeks
reparations and other relief.
The full text of the complaint can be
found in the Commission’s Electronic
Reading Room at https://www2.fmc.gov/
readingroom/proceeding/20-09/.
This proceeding has been assigned to
Office of Administrative Law Judges.
The initial decision of the presiding
office in this proceeding shall be issued
by June 9, 2021, and the final decision
of the Commission shall be issued by
December 9, 2021.
Rachel Dickon,
Secretary.
[FR Doc. 2020–12829 Filed 6–12–20; 8:45 am]
BILLING CODE 6730–02–P
jbell on DSKJLSW7X2PROD with NOTICES
Served: June 9, 2020.
Notice is given that a complaint has
been filed with the Federal Maritime
Commission (Commission) by MAC
Industries, Inc. d/b/a MAC Container
Line, hereinafter ‘‘Complainant’’,
against COSCO SHIPPING Lines Co.,
Ltd., hereinafter ‘‘Respondent’’.
Complainant states that it ‘‘is a nonvessel-operating common carrier
(‘‘NVOCC’’)’’ and is principally located
in California. Complainant states that
Respondent is an ocean common carrier
and controlled carrier of The Peoples
Republic of China.
Complainant claims it ‘‘has shipped
pursuant to COSCO service contracts
between 8,000 and 12,000 TEUs
annually since 2016, to the present, and
as a result of these volumes MAC has
earned a VIP Partner status with COSCO
since 2013.’’ Complainant alleges that in
late February 2020, Respondent
intended to unilaterally amend service
VerDate Sep<11>2014
17:04 Jun 12, 2020
Jkt 250001
FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or
To Acquire Companies Engaged in
Permissible Nonbanking Activities
The companies listed in this notice
have given notice under section 4 of the
Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y, (12
CFR part 225) to engage de novo, or to
acquire or control voting securities or
assets of a company, including the
companies listed below, that engages
either directly or through a subsidiary or
other company, in a nonbanking activity
that is listed in § 225.28 of Regulation Y
(12 CFR 225.28) or that the Board has
determined by Order to be closely
related to banking and permissible for
bank holding companies. Unless
otherwise noted, these activities will be
conducted throughout the United States.
PO 00000
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The public portions of 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(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
question whether the proposal complies
with the standards of section 4 of the
BHC Act.
Unless otherwise noted, comments
regarding the 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 June 30, 2020.
A. Federal Reserve Bank of Federal
Reserve Bank of Chicago (Colette A.
Fried, Assistant Vice President) 230
South LaSalle Street, Chicago, Illinois
60690–1414:
1. GNB Bancorporation, Grundy
Center, Iowa; to take assignment of a
loan to GNB Bancorporation ESOP and
thereby engage in extending and
servicing loans pursuant to
§ 225.28(b)(1) of Regulation Y.
2. Merchants Bancorp, Carmel,
Indiana; seeks permission to hold an
increased non-voting Class B
membership interest of approximately
44 percent in Arcline Lending, LLC,
Mount Laurel, New Jersey, and thereby
engage in extending and servicing loans
and real estate settlement servicing,
pursuant to § 225.28(b)(1) and
(b)(2)(viii) of Regulation Y, respectively.
Board of Governors of the Federal Reserve
System, June 10, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020–12841 Filed 6–12–20; 8:45 am]
BILLING CODE P
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[Federal Register Volume 85, Number 115 (Monday, June 15, 2020)]
[Notices]
[Page 36202]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12841]
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FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or To Acquire Companies Engaged
in Permissible Nonbanking Activities
The companies listed in this notice have given notice under section
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or
control voting securities or assets of a company, including the
companies listed below, that engages either directly or through a
subsidiary or other company, in a nonbanking activity that is listed in
Sec. 225.28 of Regulation Y (12 CFR 225.28) or that the Board has
determined by Order to be closely related to banking and permissible
for bank holding companies. Unless otherwise noted, these activities
will be conducted throughout the United States.
The public portions of 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(s) indicated below and
at the offices of the Board of Governors. This information may also be
obtained on an expedited basis, upon request, by contacting the
appropriate Federal Reserve Bank and from the Board's Freedom of
Information Office at https://www.federalreserve.gov/foia/request.htm.
Interested persons may express their views in writing on the question
whether the proposal complies with the standards of section 4 of the
BHC Act.
Unless otherwise noted, comments regarding the 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 June
30, 2020.
A. Federal Reserve Bank of Federal Reserve Bank of Chicago (Colette
A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago,
Illinois 60690-1414:
1. GNB Bancorporation, Grundy Center, Iowa; to take assignment of a
loan to GNB Bancorporation ESOP and thereby engage in extending and
servicing loans pursuant to Sec. 225.28(b)(1) of Regulation Y.
2. Merchants Bancorp, Carmel, Indiana; seeks permission to hold an
increased non-voting Class B membership interest of approximately 44
percent in Arcline Lending, LLC, Mount Laurel, New Jersey, and thereby
engage in extending and servicing loans and real estate settlement
servicing, pursuant to Sec. 225.28(b)(1) and (b)(2)(viii) of
Regulation Y, respectively.
Board of Governors of the Federal Reserve System, June 10, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-12841 Filed 6-12-20; 8:45 am]
BILLING CODE P