Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 30601-30602 [2021-12084]

Download as PDF Federal Register / Vol. 86, No. 109 / Wednesday, June 9, 2021 / Notices Vice Chair—Kim Kolb, kim.l.kolb@ boeing.com, telephone: (703) 465– 3373 Informal Working Group 3: Space Services FCC Representatives Chair—Zachary Rosenbaum, zachary.rosenbaum@ses.com, telephone: (814) 233–7373 Vice Chair—Vacant Contacts Louis Bell, louis.bell@fcc.gov, telephone: (202) 418–1641 Greg Baker, gregory.baker@fcc.gov, telephone: (202) 418–0611 FCC Representatives IWG–1—Meeting 1 Date: Tuesday, August 17, 2021 Time: 11:00 a.m.–12:30 p.m. EDT WebEx meeting number (access code): 199 173 8628 WebEx meeting password: KWmHPa2J7i3 Join by phone: +1–415–527–5035, 1991738628## US Toll IWG–1—Meeting 2 Date: Tuesday, September 2, 2021 Time: 11:00 a.m.–12:30 p.m. EDT WebEx meeting number (access code): 199 678 8704 WebEx meeting password: HQjvACxP463 Join by phone: +1–415–527–5035, 1996788704## US Toll Informal Working Group 2: Terrestrial Services Contacts Chair—Jayne Stancavage, jayne.stancavage@intel.com, telephone: (408) 887–3186 Vice Chair—Jennifer Oberhausen, joberhausen@ctia.org, telephone: (202) 497–9798 Date: Tuesday, August 17, 2021 Time: 3:00 p.m.–4:30 p.m. EDT WebEx meeting number (access code): 199 496 5289 WebEx meeting password: 3yyD2uUHkd3 Join by phone: +1–415–527–5035, 1994965289## US Toll IWG–2—Meeting 2 lotter on DSK11XQN23PROD with NOTICES1 IWG–3—Meeting 2 Date: Tuesday, September 2, 2021 Time: 1:00 p.m.–2:30 p.m. EDT WebEx meeting number (access code): 199 056 7266 WebEx meeting password: xStqCP2jp44 Join by phone: +1–415–527–5035, 1990567266## US Toll Date: Wednesday, July 7, 2021 Time: 1:00 p.m.–3:00 p.m. EDT WebEx meeting number (access code): 199 584 9300 WebEx meeting password: gMUx6vWM9X2 Join by phone: +1–415–527–5035, 1995849300## US Toll Contacts Chair—David Goldman, david.goldman@spacex.com, telephone: (202) 649–2641 Vice Chair—Giselle Creeser, giselle.creeser@intelsat.com, telephone: (703) 559–7851 FCC Representatives Dante Ibarra, dante.ibarra@fcc.gov, telephone: (202) 418–0610 Clay DeCell, clay.decell@fcc.gov, telephone: (202) 418–0803 IWG–4—Meeting 1 Date: Tuesday, June 15, 2021 Time: 11:00 a.m.–1:00 p.m. EDT WebEx meeting number (access code): 199 387 8034 PO 00000 Frm 00016 Fmt 4703 WebEx meeting password: 7XxpquA9Vn8 Join by phone: +1–415–527–5035, 1993878034## US Toll IWG–4—Meeting 2 Date: Wednesday, July 7, 2021 Time: 11:00 a.m.–1:00 p.m. EDT WebEx meeting number (access code): 199 904 4998 WebEx meeting password: 3xiXuXE9Mb5 Join by phone: +1–415–527–5035, 1999044998## US Toll IWG–4—Meeting 3 Date: Thursday, July 29, 2021 Time: 11:00 a.m.–1:00 p.m. EDT WebEx meeting number (access code): 199 428 4773 WebEx meeting password: 3MCnidWpa46 Join by phone: +1–415–527–5035, 1994284773## US Toll Federal Communications Commission. Troy Tanner, Deputy Chief, International Bureau. [FR Doc. 2021–12071 Filed 6–8–21; 8:45 am] BILLING CODE 6712–01–P Informal Working Group 4: Regulatory Issues IWG–2—Meeting 1 Jkt 253001 Date: Tuesday, June 15, 2021 Time: 1:00 p.m.–3:00 p.m. EDT WebEx meeting number (access code): 199 934 1084 WebEx meeting password: W3sJBcHyg43 Join by phone: +1–415–527–5035, 1999341084## US Toll Date: Thursday, July 29, 2021 Time: 1:00 p.m.–3:00 p.m. EDT WebEx meeting number (access code): 199 890 4299 WebEx meeting password: BrR373E6wat Join by phone: +1–415–527–5035, 1998904299## US Toll Dante Ibarra, dante.ibarra@fcc.gov, telephone: (202) 418–0610 Louis Bell, louis.bell@fcc.gov, telephone: (202) 418–1641 18:13 Jun 08, 2021 IWG–3—Meeting 1 IWG–3—Meeting 3 FCC Representatives VerDate Sep<11>2014 Clay DeCell, clay.decell@fcc.gov, telephone: (202) 418–0803 Kathyrn Medley, kathyrn.medley@ fcc.gov, telephone: (202) 418–1211 Eric Grodsky, eric.grodsky@fcc.gov, telephone: (202) 418–0563 Dante Ibarra, dante.ibarra@fcc.gov, telephone: (202) 418–0610 30601 Sfmt 4703 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)). If the proposal also involves the acquisition of a nonbanking company, the review also includes E:\FR\FM\09JNN1.SGM 09JNN1 30602 Federal Register / Vol. 86, No. 109 / Wednesday, June 9, 2021 / Notices whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843), and interested persons may express their views in writing on the standards enumerated in section 4. Unless otherwise noted, nonbanking activities will be conducted throughout the United States. 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 July 9, 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. VCC Social Enterprises, Richmond, Virginia; to become a bank holding company by acquiring VCC Bank, Richmond, Virginia, and also acquire Virginia Community Capital, Locus Capital, Locus Impact Investing, and Locus Foundation, all of Richmond, Virginia, and thereby engage in extending credit and servicing loans, asset management activities, management consulting, community development activities, financing and investment activities, and data processing activities pursuant to section 225.28(b)(1), (b)(2)(vi), (b)(9)(i)(A), 225.28(b)(12)(i), and (b)(14)(i) the Board’s Regulation Y, respectively. Board of Governors of the Federal Reserve System, June 4, 2021. Ann Misback, Secretary of the Board. [FR Doc. 2021–12084 Filed 6–8–21; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Recordkeeping Provisions Associated with Stress Testing Guidance (FR 4202; OMB No. 7100–0348). The Board has extended the FR 4202 without revision to ensure compliance with the Paperwork Reduction Act (PRA). However, whether and how any changes should be made to the guidance in light lotter on DSK11XQN23PROD with NOTICES1 AGENCY: VerDate Sep<11>2014 18:13 Jun 08, 2021 Jkt 253001 of recent amendments made by the Board to its stress testing rules is under consideration. The Board will publish any proposed changes to the FR 4202 via a separate notice for comment. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, (202) 452–3829. 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, 725 17th Street NW, Washington, DC 20503, or by fax to (202) 395–6974. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the PRA to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. Boardapproved collections of information are incorporated into the official OMB inventory of currently approved collections of information. The OMB inventory, as well as copies of the PRA Submission, supporting statements, and approved collection of information instrument(s) are available at https:// www.reginfo.gov/public/do/PRAMain. 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: Recordkeeping Provisions Associated with Stress Testing Guidance. Agency form number: FR 4202. OMB control number: 7100–0348. Frequency: As needed. Respondents: Banking organizations. Estimated number of respondents: 100. Estimated average hours per response: 180. Estimated annual burden hours: 18,000. General description of report: On May 17, 2012, the Board published the Supervisory Guidance on Stress Testing for Banking Organizations With More Than $10 Billion in Total Consolidated Assets (Stress Testing Guidance) in the PO 00000 Frm 00017 Fmt 4703 Sfmt 4703 Federal Register.1 The Stress Testing Guidance outlines high-level principles for stress testing practices applicable to all Board-supervised banking organizations with more than $10 billion in total consolidated assets.2 The Stress Testing Guidance recommends that banking organizations (i) have a stress testing framework that includes clearly defined objectives, well-designed scenarios tailored to the banking organization’s business and risks, well-documented assumptions, conceptually sound methodologies to assess potential impact on the banking organization’s financial condition, informative management reports, and recommended actions based on stress test results; and (ii) have policies and procedures for a stress testing framework. These recordkeeping activities are collections of information under the PRA. An organization should have written policies, approved and annually reviewed by the board, that direct and govern the implementation of the stress testing framework in a comprehensive manner. Policies, along with procedures to implement them, should: • Describe the overall purpose of stress testing activities; • articulate consistent and sufficiently rigorous stress testing practices across the entire organization; • indicate stress testing roles and responsibilities, including controls over external resources used for any part of stress testing (such as vendors and data providers); • describe the frequency and priority with which stress testing activities should be conducted; • indicate how stress test results are used and by whom, and • be reviewed and updated as necessary to ensure that stress testing practices remain appropriate and keep up to date with changes in market conditions, organization products and strategies, organization exposures and activities, the organization’s established risk appetite, and industry stress testing practices. Legal authorization and confidentiality: This voluntary information collection is authorized pursuant to section 11 of the Federal Reserve Act, 12 U.S.C. 248 (state member banks); sections 25 and 25A of 1 77 FR 29458. The Stress Testing Guidance was issued jointly by the Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. 2 Board-supervised banking organizations include state member banks, bank holding companies, savings and loan holding companies, and all other institutions for which the Board is the primary federal supervisor. E:\FR\FM\09JNN1.SGM 09JNN1

Agencies

[Federal Register Volume 86, Number 109 (Wednesday, June 9, 2021)]
[Notices]
[Pages 30601-30602]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-12084]


=======================================================================
-----------------------------------------------------------------------

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)). If the proposal also 
involves the acquisition of a nonbanking company, the review also 
includes

[[Page 30602]]

whether the acquisition of the nonbanking company complies with the 
standards in section 4 of the BHC Act (12 U.S.C. 1843), and interested 
persons may express their views in writing on the standards enumerated 
in section 4. Unless otherwise noted, nonbanking activities will be 
conducted throughout the United States.
    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 July 9, 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. VCC Social Enterprises, Richmond, Virginia; to become a bank 
holding company by acquiring VCC Bank, Richmond, Virginia, and also 
acquire Virginia Community Capital, Locus Capital, Locus Impact 
Investing, and Locus Foundation, all of Richmond, Virginia, and thereby 
engage in extending credit and servicing loans, asset management 
activities, management consulting, community development activities, 
financing and investment activities, and data processing activities 
pursuant to section 225.28(b)(1), (b)(2)(vi), (b)(9)(i)(A), 
225.28(b)(12)(i), and (b)(14)(i) the Board's Regulation Y, 
respectively.

    Board of Governors of the Federal Reserve System, June 4, 2021.
Ann Misback,
Secretary of the Board.
[FR Doc. 2021-12084 Filed 6-8-21; 8:45 am]
BILLING CODE P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.