Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 65050 [2020-22696]
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65050
Federal Register / Vol. 85, No. 199 / Wednesday, October 14, 2020 / Notices
hours; and Advertising and additional
disclosure requirements for overdraft
services, 0.5 hour.
Estimated annual burden hours:
Account disclosures, 10,020 hours;
Change in terms notice, 15,030 hours;
Notices prior to maturity, 15,030 hours;
Periodic statement disclosure and
additional disclosure requirements for
overdraft services, 80,160 hours; and
Advertising and additional disclosure
requirements for overdraft services,
5,010 hours.
General description of report: The
Truth in Savings Act (TISA) was
contained in the Federal Deposit
Insurance Corporation Improvement Act
of 1991. The purpose of TISA and its
implementing regulation is to assist
consumers in comparing deposit
accounts offered by institutions,
principally through the disclosure of
fees, the annual percentage yield (APY),
and other account terms. TISA requires
depository institutions to disclose key
terms for deposit accounts at account
opening, upon request, when certain
changes in terms occur, and in periodic
statements. It also includes rules about
advertising for deposit accounts. TISA
does not provide exemptions from
compliance for small institutions.
Legal authorization and
confidentiality: Section 269 of TISA
specifically authorizes the CFPB ‘‘to
prescribe regulations’’ to carry out the
purposes and provisions of the Act, as
well as to adopt model forms and
clauses for common disclosures to
facilitate compliance. Regulation DD
implements this statutory provision.
The Board’s imposition of the disclosure
requirements on Board-supervised
institutions is authorized by Section 270
of TISA.
An institution’s disclosure and
recordkeeping obligations under
Regulation DD are mandatory. The
public disclosure requirements of FR
DD are not confidential. The records
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requirements of FR DD would be
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In the event the records are obtained by
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this information would be considered
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the FOIA, which protects information
contained in ‘‘examination, operating,
or condition reports’’ obtained in the
bank supervisory process.
VerDate Sep<11>2014
19:15 Oct 13, 2020
Jkt 253001
Board of Governors of the Federal Reserve
System, October 7, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
FEDERAL RESERVE SYSTEM
[FR Doc. 2020–22687 Filed 10–13–20; 8:45 am]
Proposed Agency Information
Collection Activities; Comment
Request
BILLING CODE 6210–01–P
AGENCY:
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 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 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 November 12, 2020.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. FWB Financial Inc., Chicago,
Illinois; to become a bank holding
company by acquiring the voting shares
of FWBank, Chicago, Illinois, a de novo
bank.
Board of Governors of the Federal Reserve
System, October 8, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020–22696 Filed 10–13–20; 8:45 am]
BILLING CODE P
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Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, with revision, the
Recordkeeping and Disclosure
Provisions Associated with Real Estate
Appraisal Standards (FR Y–30; OMB
No. 7100–0250).
DATES: Comments must be submitted on
or before December 14, 2020.
ADDRESSES: You may submit comments,
identified by FR Y–30, by any of the
following methods:
• Agency Website: https://
www.federalreserve.gov/. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Email: regs.comments@
federalreserve.gov. Include the OMB
number in the subject line of the
message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
All public comments are available
from the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons or to
remove personally identifiable
information at the commenter’s request.
Accordingly, comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper in Room 146, 1709 New York
Avenue NW, Washington, DC 20006,
between 9:00 a.m. and 5:00 p.m. on
weekdays. For security reasons, the
Board requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 452–3684.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
screening in order to inspect and
photocopy comments.
Additionally, commenters may send a
copy of their comments to the Office of
Management and Budget (OMB) Desk
Officer—Shagufta Ahmed—Office of
Information and Regulatory Affairs,
Office of Management and Budget, New
Executive Office Building, Room 10235,
SUMMARY:
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]]>Agencies
[Federal Register Volume 85, Number 199 (Wednesday, October 14, 2020)]
[Notices]
[Page 65050]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22696]
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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 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 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 November 12, 2020.
A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. FWB Financial Inc., Chicago, Illinois; to become a bank holding
company by acquiring the voting shares of FWBank, Chicago, Illinois, a
de novo bank.
Board of Governors of the Federal Reserve System, October 8,
2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-22696 Filed 10-13-20; 8:45 am]
BILLING CODE P
