Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 66981-66982 [2020-23312]

Download as PDF Federal Register / Vol. 85, No. 204 / Wednesday, October 21, 2020 / Notices khammond on DSKJM1Z7X2PROD with NOTICES such as firm or priority service,65 or deemed regular shipper status.66 The Commission’s policies require that sufficient capacity be reserved for uncommitted shippers. This addresses the concern that the carrier is exercising market power by ensuring that shippers have an alternative to the terms the carrier is offering in a committed contract. Although each proposal is addressed based on the facts and circumstances presented,67 Commission precedent and industry standards generally support a carrier reserving at least 10% of capacity for uncommitted shippers.68 In particular, the Commission rejected a proposed prorationing policy where committed shippers would have access to 95% of the capacity as of the in-service date of the project, finding that such proposal ‘‘undermines the Commission’s committed rate policy, which allocates a minimum 10 percent reservation of the pipeline’s total capacity to uncommitted shippers to ensure reasonable access to the pipeline consistent with its common carrier obligation.’’ 69 As with several of the other proposals discussed herein, these 65 E.g., CCPS, 121 FERC ¶ 61,253 at P 19; EnLink NGL Pipeline, LP, 167 FERC ¶ 61,024, at PP 19, 22 (2019); Sunoco Pipeline L.P., 169 FERC ¶ 61,088, at P 13 (2019); Plantation Pipe Line Co., 167 FERC ¶ 61,025, at P 17 (2019). 66 E.g., Kinder Morgan Pony Express, 141 FERC ¶ 61,180 at PP 33–41; Bayou Bridge Pipeline, LLC, 153 FERC ¶ 61,322, at P 30 (2015); Permian Express Terminal LLC, 162 FERC ¶ 61,112, at P 17 (2018). 67 CCPS Transp., LLC, 122 FERC ¶ 61,123, at PP 14–15 (2008) (‘‘Each proposal presented to the Commission is appraised on its own merits regarding the amount of set-aside capacity planned to be reserved for spot volumes.’’). 68 See, e.g., CenterPoint, 144 FERC ¶ 61,130 at P 24 (‘‘The Commission previously found that a reservation of at least 10 percent of the pipeline’s capacity for uncommitted shippers is sufficient to provide reasonable access to the pipeline.’’); CCPS, 121 FERC ¶ 61,253 at P 17 n.33 (requiring 10% of the expansion volumes to be reserved for uncommitted shippers in order ‘‘to preserve the common carrier obligation’’); EnLink, 157 FERC ¶ 61,120 at P 15 (approving ‘‘proposal to allow committed shippers priority access for up to 90 percent of the Project’s capacity, with at least 10 percent of the capacity reserved for uncommitted shippers’’); Stakeholder, 160 FERC ¶ 61,010 at P 16 (same); Enterprise Liquids Pipeline LLC, 142 FERC ¶ 61,087, at P 27 (2013) (approving a rate structure guaranteeing a reservation of 10% of capacity for uncommitted shippers); Kinder Morgan Cochin LLC, 141 FERC ¶ 61,056, at P 18 (2012) (stating that ‘‘Cochin provides an appropriate amount of capacity for Uncommitted Shippers, at least [10%], while affording benefits to Committed Shippers who enter into long-term TSAs.’’); EnLink NGL Pipeline, LP, 167 FERC ¶ 61,024, at P 22 (2019) (finding ‘‘[t]he policy is consistent with Commission precedent and ensures that uncommitted shippers moving crude oil in interstate commerce will continue to have access to at least 10 percent of the Expansion Project’s capacity during times of prorationing’’). 69 White Cliffs Pipeline, L.L.C., 168 FERC ¶ 61,087, at P 36 (2019). VerDate Sep<11>2014 16:58 Oct 20, 2020 Jkt 253001 policies apply to all committed shipper contracts, not just Affiliate Contracts. However, carriers seeking to implement contract rates and terms do not always discuss the prorationing policy in detail in their filings, such as where there is already a prorationing policy in the pipeline’s tariff that applies to committed shipper contracts. 51. Accordingly, we propose that carriers proposing rates and terms pursuant to Affiliate Contracts fully explain any prorationing terms applicable to committed shippers and the committed volume levels to which these terms apply. We also propose that carriers explain how the prorationing terms are consistent with Commission policy and the pipeline’s common carrier obligations and will ensure that any unaffiliated shippers that request transportation will have reasonable access to the pipeline as uncommitted shippers. IV. Conclusion 52. We seek input on the above proposals or any other approaches for oil pipeline carriers to demonstrate that Affiliate Contracts are not the result of undue discrimination to exclude potential nonaffiliated committed shippers. We welcome comments on any other issues or factors related to these issues that the Commission should consider for inclusion in the policy statement. V. Comment Procedures 53. The Commission invites comments on this proposed policy statement by December 14, 2020 and Reply Comments by January 28, 2020. Comments must refer to Docket No. PL21–1–000 and must include the commenter’s name, the organization they represent, if applicable, and their address in their comments. 54. The Commission encourages comments to be filed electronically via the eFiling link on the Commission’s website at http://www.ferc.gov. The Commission accepts most standard word processing formats. Documents created electronically using word processing software should be filed in native applications or print-to-PDF format and not in a scanned format. Commenters filing electronically do not need to make a paper filing. 55. Commenters that are not able to file comments electronically must send an original of their comments to: Federal Energy Regulatory Commission, Secretary of the Commission, 888 First Street NE, Washington, DC 20426. 56. All comments will be placed in the Commission’s public files and may be viewed, printed, or downloaded PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 66981 remotely as described in the Document Availability section below. Commenters on this proposal are not required to serve copies of their comments on other commenters. VI. Document Availability 57. In addition to publishing the full text of this document in the Federal Register, the Commission provides all interested persons an opportunity to view and/or print the contents of this document via the internet through the Commission’s Home Page (http:// www.ferc.gov). At this time, the Commission has suspended access to the Commission’s Public Reference Room, due to the President’s March 13, 2020 proclamation declaring a National Emergency concerning the Novel Coronavirus Disease (COVID–19). 58. From the Commission’s Home Page on the internet, this information is available on eLibrary. The full text of this document is available on eLibrary in PDF and Microsoft Word format for viewing, printing, and/or downloading. To access this document in eLibrary, type the docket number excluding the last three digits of this document in the docket number field. 59. User assistance is available for eLibrary and the Commission’s website during normal business hours from the Commission’s Online Support at 202– 502–6652 (toll free at 1–866–208–3676) or email at ferconlinesupport@ferc.gov, or the Public Reference Room at (202) 502–8371, TTY (202) 502–8659. Email the Public Reference Room at public.referenceroom@ferc.gov. By the Commission. Issued: October 15, 2020. Nathaniel J. Davis, Sr., Deputy Secretary. [FR Doc. 2020–23289 Filed 10–20–20; 8:45 am] BILLING CODE 6717–01–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. E:\FR\FM\21OCN1.SGM 21OCN1 66982 Federal Register / Vol. 85, No. 204 / Wednesday, October 21, 2020 / Notices 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 20, 2020. A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. PB Bancshares, Inc., Maplewood, Minnesota; to become a bank holding company by acquiring Premier Bank, also of Maplewood, Minnesota. Board of Governors of the Federal Reserve System, October 16, 2020. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2020–23312 Filed 10–20–20; 8:45 am] 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 20, 2020. A. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. Beal Financial Corporation, Plano, Texas; to become a bank holding company through the conversion of the charter of its existing wholly owned subsidiary bank, Beal Bank SSB, Plano, Texas, and to continue the operation as a bank of a Nevada thrift company, Beal Bank USA, Las Vegas, Nevada. Board of Governors of the Federal Reserve System, October 16, 2020. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2020–23313 Filed 10–20–20; 8:45 am] BILLING CODE 6210–01–P GENERAL SERVICES ADMINISTRATION BILLING CODE P [OMB Control No. 3090–0291; Docket No. 2020–0001; Sequence No. 10] FEDERAL RESERVE SYSTEM khammond on DSKJM1Z7X2PROD with NOTICES 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 VerDate Sep<11>2014 16:58 Oct 20, 2020 Jkt 253001 Information Collection; FSRS Registration Requirements for Prime Grant Awardees Office of the Integrated Award Environment, General Services Administration (GSA). ACTION: Notice of request for public comments regarding an extension to an existing OMB clearance. AGENCY: Under the provisions of the Paperwork Reduction Act of 1995, the Regulatory Secretariat Division will be submitting to the Office of Management and Budget (OMB) a request to review and approve a renewal of the currently approved information collection requirement regarding FSRS Registration Requirements for Prime Grant Awardees. DATES: Submit comments on or before December 21, 2020. ADDRESSES: Submit comments identified by Information Collection 3090–0291, FSRS Registration SUMMARY: PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 Requirements for Prime Grant Awardees to http://www.regulations.gov. Submit comments via the Federal eRulemaking portal by searching OMB control number 3090–0291. Select the link ‘‘Comment Now’’ that corresponds with ‘‘Information Collection 3090–0291, FSRS Registration Requirements for Prime Grant Awardees.’’ Follow the instructions provided at the ‘‘Submit a Comment’’ screen. Please include your name, company name (if any), and ‘‘Information Collection 3090–0291, FSRS Registration Requirements for Prime Grant Awardees on your attached document. If your comment cannot be submitted using regulations.gov, call or email the points of contact in the FOR FURTHER INFORMATION CONTACT section of this document for alternate instructions. Instructions: Please submit comments only and cite Information Collection 3090–0291, FSRS Registration Requirements for Prime Grant Awardees, in all correspondence related to this collection. Comments received generally will be posted without change to regulations.gov, including any personal and/or business confidential information provided. To confirm receipt of your comment(s), please check regulations.gov, approximately two-to-three days after submission to verify posting. FOR FURTHER INFORMATION CONTACT: John Corro, Procurement Analyst, Office of the Integrated Award Environment, GSA, at telephone number 703–605– 2733; or via email at john.corro@ gsa.gov. SUPPLEMENTARY INFORMATION: A. Purpose The Federal Funding Accountability and Transparency Act (Pub. L. 109–282, as amended by section 6202(a) of Pub. L. 110–252), known as FFATA or the Transparency Act, requires information disclosure of entities receiving Federal financial assistance through Federal awards such as Federal contracts, subcontracts, grants and sub-grants, FFATA 2(a), (2), (i), (ii). The system that collects this information is called the FFATA Sub-award Reporting System (FSRS, www.fsrs.gov). This information collection requires information necessary for prime awardee registration in FSRS to create a user log-in and enable sub-award reporting for their entity. To register in FSRS for a user login, an entity is required to provide their Data Universal Numbering System (DUNS) number. FSRS then pulls core data about the entity from their System for Award Management (SAM) registration to include the legal business name, physical address, mailing address E:\FR\FM\21OCN1.SGM 21OCN1

Agencies

[Federal Register Volume 85, Number 204 (Wednesday, October 21, 2020)]
[Notices]
[Pages 66981-66982]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-23312]


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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.

[[Page 66982]]

    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 20, 2020.
    A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant 
Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
    1. PB Bancshares, Inc., Maplewood, Minnesota; to become a bank 
holding company by acquiring Premier Bank, also of Maplewood, 
Minnesota.

    Board of Governors of the Federal Reserve System, October 16, 
2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-23312 Filed 10-20-20; 8:45 am]
BILLING CODE P