Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities, 8013 [2021-02230]

Download as PDF Federal Register / Vol. 86, No. 21 / Wednesday, February 3, 2021 / Notices jbell on DSKJLSW7X2PROD with NOTICES These documents are also available on the Federal Reserve Board’s public website at https:// www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears above. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: Senior Loan Officer Opinion Survey on Bank Lending Practices. Agency form number: FR 2018. OMB control number: 7100–0058. Frequency: Up to six times a year. Respondents: Domestically chartered large commercial banks and large U.S. branches and agencies of foreign banks. Estimated number of respondents: Main surveys, 104; Special surveys, 104. Estimated average hours per response: 2. Estimated annual burden hours: Main surveys, 832; Special surveys, 416. General description of report: The FR 2018 is conducted with a senior loan officer at each respondent bank, generally through electronic submission, up to six times a year. The purpose of the survey is to provide qualitative and limited quantitative information on credit availability and demand, as well as evolving developments and lending practices in the U.S. loan markets. A portion of each survey typically covers special topics of timely interest. There is the option to survey other types of respondents (such as other depository institutions, bank holding companies, or other financial entities) should the need arise. The FR 2018 survey provides crucial information for monitoring and understanding the evolution of lending practices at banks and developments in credit markets. Legal authorization and confidentiality: Section 2A of the Federal Reserve Act (FRA) requires the Federal Reserve Board and the Federal Open Market Committee (FOMC) to 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 1 and section 12A of the FRA requires the FOMC to implement regulations relating to the open market operations conducted by Federal Reserve Banks ‘‘with a view to accommodating commerce and business and with regard 1 12 U.S.C. 225a. VerDate Sep<11>2014 17:21 Feb 02, 2021 Jkt 253001 to their bearing upon the general credit situation of the country.’’ 2 Because the Board and the FOMC use the information obtained from the FR 2018 to fulfill these obligations, these statutory provisions provide the legal authorization for the collection of information on the FR 2018. In addition, section 11 of the FRA, which permits the Board to examine at its discretion the accounts, books, and affairs of each Federal Reserve Bank and each member bank and to require such statements and reports as it may deem necessary, authorizes the collection of information from depository institutions 3 and section 7 of the International Banking Act authorizes the collection of information from branches and agencies of foreign banks.4 Survey submissions under the FR 2018 are voluntary. Although the specific questions to be asked on each survey have not yet been formulated, the questions are designed to obtain information that is customarily and actually treated as private by the institution. Thus, the individual survey responses from each respondent may be held confidential under exemption (4) of the Freedom of Information Act.5 However, certain data from the survey is publically reported in aggregate form, and the information in aggregate form is made publicly available and not considered confidential. Current actions: On October 14, 2020, the Board published a notice in the Federal Register (85 FR 65045) requesting public comment for 60 days on the extension, without revision, of the FR 2018. The comment period for this notice expired on December 14, 2020. The Board did not receive any comments. Board of Governors of the Federal Reserve System, January 28, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–02203 Filed 2–2–21; 8:45 am] BILLING CODE 6210–01–P 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. 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 February 18, 2021. A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23219. Comments can also be sent electronically to or Comments.applications@rich.frb.org: 1. New Republic Partners, Inc., Charlotte, North Carolina; through a newly-formed wholly-owned subsidiary, New Republic Securities, LLC, Charlotte, North Carolina, to engage de novo in financial and investment advisory activities and agency transactional services for customer investments pursuant to sections 225.28(b)(6) and (7) of the Board’s Regulation Y. Board of Governors of the Federal Reserve System, January 29, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–02230 Filed 2–2–21; 8:45 am] BILLING CODE 6210–01–P 2 12 U.S.C. 263. 3 12 U.S.C. 248(a). 4 12 U.S.C. 3105(c)(2). 5 5 U.S.C. 552(b)(4). PO 00000 Frm 00025 Fmt 4703 Sfmt 9990 8013 E:\FR\FM\03FEN1.SGM 03FEN1

Agencies

[Federal Register Volume 86, Number 21 (Wednesday, February 3, 2021)]
[Notices]
[Page 8013]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02230]


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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 
February 18, 2021.
    A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice 
President) 701 East Byrd Street, Richmond, Virginia 23219. Comments can 
also be sent electronically to or [email protected]:
    1. New Republic Partners, Inc., Charlotte, North Carolina; through 
a newly-formed wholly-owned subsidiary, New Republic Securities, LLC, 
Charlotte, North Carolina, to engage de novo in financial and 
investment advisory activities and agency transactional services for 
customer investments pursuant to sections 225.28(b)(6) and (7) of the 
Board's Regulation Y.

    Board of Governors of the Federal Reserve System, January 29, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-02230 Filed 2-2-21; 8:45 am]
BILLING CODE 6210-01-P
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