Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 36141 [2021-14578]
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36141
Federal Register / Vol. 86, No. 128 / Thursday, July 8, 2021 / Notices
SUMMARY OF ANNUAL BURDEN
Information collection
description
Type of burden
Obligation to respond
Estimated
number of
respondents
Estimated frequency
of responses
Estimated time
per response
hours
Estimated
annual burden
hours
Disclosure Requirements Associated
with Supplementary Leverage
Ratio (12 CFR
324.172 and 173).
Disclosure ................
Mandatory ................
5
Quarterly ..................
5
100
lotter on DSK11XQN23PROD with NOTICES1
Total Estimated Annual Burden: 100
hours.
General Description of Collection: The
supplementary leverage ratio
regulations strengthen the definition of
total leverage exposure and improve the
measure of a banking organization’s on
and off-balance sheet exposures. All
banking organizations that are subject to
the advanced approaches risk-based
capital rules are required to disclose
their supplementary leverage ratios.
Advanced approaches banking
organizations must report their
supplementary leverage ratios on the
applicable regulatory reports. The
calculation and disclosure requirements
for the supplementary leverage ratio in
the federal banking agencies’ regulatory
capital rules are generally consistent
with international standards published
by the Basel Committee on Banking
Supervision. These disclosures enhance
the transparency and consistency of
reporting requirements for the
supplementary leverage ratio by all
internationally active organizations.
Request for Comment: Comments are
invited on: (a) Whether the collection of
information is necessary for the proper
performance of the FDIC’s functions,
including whether the information has
practical utility; (b) the accuracy of the
estimates of the burden of the
information collection, including the
validity of the methodology and
assumptions used; (c) ways to enhance
the quality, utility, and clarity of the
information to be collected; and (d)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
All comments will become a matter of
public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on July 1, 2021.
Debra A. Decker,
Deputy Executive Secretary.
[FR Doc. 2021–14502 Filed 7–7–21; 8:45 am]
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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 August 9, 2021.
A. Federal Reserve Bank of
Minneapolis (Chris P. Wangen,
Assistant Vice President), 90 Hennepin
Avenue, Minneapolis, Minnesota
55480–0291:
1. Stearns Financial Services, Inc.,
Employee Stock Purchase Plan and
Trust, Saint Cloud, Minnesota; to
acquire up to 24 percent of additional
voting shares of Stearns Financial
Services, Inc., Saint Cloud, Minnesota,
and thereby indirectly acquire
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additional voting shares of Stearns
Bank, National Association, also of
Saint Cloud, Minnesota, Stearns Bank of
Upsala, National Association, Upsala,
Minnesota, and Stearns Bank of
Holdingford, National Association,
Holdingford, Minnesota.
Board of Governors of the Federal Reserve
System, July 2, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–14578 Filed 7–7–21; 8:45 am]
BILLING CODE 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 July 23, 2021.
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[Federal Register Volume 86, Number 128 (Thursday, July 8, 2021)]
[Notices]
[Page 36141]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-14578]
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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 August 9, 2021.
A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant
Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
1. Stearns Financial Services, Inc., Employee Stock Purchase Plan
and Trust, Saint Cloud, Minnesota; to acquire up to 24 percent of
additional voting shares of Stearns Financial Services, Inc., Saint
Cloud, Minnesota, and thereby indirectly acquire additional voting
shares of Stearns Bank, National Association, also of Saint Cloud,
Minnesota, Stearns Bank of Upsala, National Association, Upsala,
Minnesota, and Stearns Bank of Holdingford, National Association,
Holdingford, Minnesota.
Board of Governors of the Federal Reserve System, July 2, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-14578 Filed 7-7-21; 8:45 am]
BILLING CODE P
