Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 58058 [2020-20540]

Download as PDF 58058 Federal Register / Vol. 85, No. 181 / Thursday, September 17, 2020 / Notices jbell on DSKJLSW7X2PROD with NOTICES Legal authorization and confidentiality: Section 2A of the Federal Reserve Act requires that the Board maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates (12 U.S.C. 225a). The Board uses the information obtained from the FR 3077 to help fulfill these obligations. The FR 3077 is a voluntary information collection. Personally identifiable information collected on the SHED questionnaire, which would identify individual respondents, will be withheld under exemption 6 of the Freedom of Information Act (FOIA). Exemption 6 of the FOIA protects information from being disclosed that would result in an unwarranted invasion of personal privacy (5 U.S.C. 552(b)(6)). In the event cognitive interviews are conducted with select individuals to obtain qualitative feedback regarding an individual respondent’s thoughts or reflections on the questions posed in the SHED questionnaire, both the questions posed to the individual respondent and their responses would be protected by exemption 6 of the FOIA (5 U.S.C. 552(b)(6)). Current actions: On May 11, 2020, the Board published an initial notice in the Federal Register (85 FR 27742) requesting public comment for 60 days on the extension, with revision, of the FR 3077. The Board proposed to revise the SHED questionnaire by changing some of the core questionnaire questions to reduce the time respondents spend on specific questions by simplifying the language, as well as incorporating additional questions on emerging economic issues, and removing questions that do not require that new data be collected on an annual basis. The comment period for this notice expired on July 10, 2020. The Board received one comment. Detailed Discussion of Public Comments The one commenter expressed support for the data collection while urging the Board to include a general life satisfaction question in addition to financial satisfaction metrics. The Board agrees with the commenter’s suggestion that general life satisfaction questions are worthy of consideration for the survey; however, because space on the survey is limited and the survey primarily focuses on financial outcomes, the Board has opted not to incorporate the suggested question into VerDate Sep<11>2014 17:37 Sep 16, 2020 Jkt 250001 the proposed core question set. However, the survey instrument is structured to include additional topics beyond the core question set, which are included in the survey periodically. Recognizing the value of the commenter’s proposed question, the Board will include the suggested life satisfaction questions as potential adhoc questions to ask this year or in future years of the survey, pending space on the overall survey instrument. Board of Governors of the Federal Reserve System, September 14, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2020–20506 Filed 9–16–20; 8:45 am] BILLING CODE 6210–01–P 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 applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). 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 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 Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than October 2, 2020. A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Senior Vice President) 600 Atlantic Avenue, Boston, Massachusetts 02210–2204. Comments can also be sent electronically to BOS.SRC.Applications.Comments@ bos.frb.org: 1. The Vanguard Group, Inc., Malvern, Pennsylvania; on behalf of PO 00000 Frm 00026 Fmt 4703 Sfmt 4703 itself, its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard; to acquire more than 15 percent of the voting shares of Citizen’s Financial Group, Inc., and thereby indirectly acquire voting shares of Citizen’s Bank, National Association, both of Providence, Rhode Island. B. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Peter Anderson, individually, and together with Marie Anderson, Karen Schumacher, and Cole Anderson, all of Drayton, North Dakota; members of the Anderson Family Group, a group acting in concert, to retain voting shares of Koda Bancor, Inc., Drayton, North Dakota, and thereby indirectly retain voting shares of KodaBank, Drayton, North Dakota; and Wall Street Holding Company and Bank of Hamilton, both of Hamilton, North Dakota. 2. The KodaBank Employee Stock Ownership Plan, Drayton, North Dakota; Peter Anderson, Drayton, North Dakota; Douglas Taylor; Grand Forks, North Dakota; and Dean Crotty, Bemidji, Minnesota, as co-trustees; as members of a group acting in concert, to retain voting shares of Koda Bancor, Inc., Drayton, North Dakota, and thereby indirectly retain voting shares of KodaBank, Drayton, North Dakota; and Wall Street Holding Company and Bank of Hamilton, both of Hamilton, North Dakota. Board of Governors of the Federal Reserve System, September 14, 2020. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2020–20540 Filed 9–16–20; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF DEFENSE GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0138; Docket No. 2020–0053; Sequence No. 9] Information Collection; Contract Financing Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). AGENCY: E:\FR\FM\17SEN1.SGM 17SEN1

Agencies

[Federal Register Volume 85, Number 181 (Thursday, September 17, 2020)]
[Notices]
[Page 58058]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-20540]


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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 
applications are set forth in paragraph 7 of the Act (12 U.S.C. 
1817(j)(7)).
    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 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 Street and Constitution 
Avenue NW, Washington, DC 20551-0001, not later than October 2, 2020.
    A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Senior Vice 
President) 600 Atlantic Avenue, Boston, Massachusetts 02210-2204. 
Comments can also be sent electronically to 
[email protected]:
    1. The Vanguard Group, Inc., Malvern, Pennsylvania; on behalf of 
itself, its subsidiaries and affiliates, including investment companies 
registered under the Investment Company Act of 1940, other pooled 
investment vehicles, and institutional accounts that are sponsored, 
managed, or advised by Vanguard; to acquire more than 15 percent of the 
voting shares of Citizen's Financial Group, Inc., and thereby 
indirectly acquire voting shares of Citizen's Bank, National 
Association, both of Providence, Rhode Island.
    B. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant 
Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
    1. Peter Anderson, individually, and together with Marie Anderson, 
Karen Schumacher, and Cole Anderson, all of Drayton, North Dakota; 
members of the Anderson Family Group, a group acting in concert, to 
retain voting shares of Koda Bancor, Inc., Drayton, North Dakota, and 
thereby indirectly retain voting shares of KodaBank, Drayton, North 
Dakota; and Wall Street Holding Company and Bank of Hamilton, both of 
Hamilton, North Dakota.
    2. The KodaBank Employee Stock Ownership Plan, Drayton, North 
Dakota; Peter Anderson, Drayton, North Dakota; Douglas Taylor; Grand 
Forks, North Dakota; and Dean Crotty, Bemidji, Minnesota, as co-
trustees; as members of a group acting in concert, to retain voting 
shares of Koda Bancor, Inc., Drayton, North Dakota, and thereby 
indirectly retain voting shares of KodaBank, Drayton, North Dakota; and 
Wall Street Holding Company and Bank of Hamilton, both of Hamilton, 
North Dakota.

    Board of Governors of the Federal Reserve System, September 14, 
2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-20540 Filed 9-16-20; 8:45 am]
BILLING CODE 6210-01-P