Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 46253 [2021-17732]
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Federal Register / Vol. 86, No. 157 / Wednesday, August 18, 2021 / Notices
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million. The branch or agency reports
its total exposure (1) to residents of its
home country, and (2) to the other five
foreign nations to which its exposure is
largest and is at least $20 million. The
home country exposure must be
reported regardless of the size of the
total claims for that nation.
Each respondent must report by
country, as appropriate, the information
on its direct claims (assets such as
deposit balances with banks, loans, or
securities), indirect claims (which
include guarantees), and total adjusted
claims on foreign residents, as well as
information on commitments. The
respondent also must report information
on claims on related non-U.S. offices
that are included in total adjusted
claims on the home country, as well as
a breakdown for the home country and
each other reported country of adjusted
claims on unrelated foreign residents by
the sector of borrower or guarantor, and
by maturity (in two categories: One year
or less, and over one year). The Board
collects and processes this report on
behalf of all three agencies.
II. Current Actions
On May 7, 2021, the Board requested
comment for 60 days on a proposal to
extend for three years, with revision, the
FFIEC 019. The agencies proposed to
revise the FFIEC 019 by removing the
five-country limit on the reporting of
gross claims on foreign nations to which
the U.S. branch or agency of a foreign
bank has its largest total exposures of at
least $20 million.
The comment period for the proposal
ended on July 6, 2021, and the agencies
received one comment.
The commenter, a banking trade
association, asked the agencies to clarify
the definitions and treatment of certain
terms in the FFIEC 019 to be consistent
with the Country Exposure Report
(FFIEC 009). The commenter stated that
consistency between these terms in the
FFIEC 019 and FFIEC 009 will reduce
burden on firms that use FFIEC 009
definitions to report cross-jurisdictional
data via the Systemic Risk Report (FR
Y–15). Specifically, the commenter
asked the agencies to clarify the FFIEC
019 instructions as follows: Add
sections on accounting and differences
from U.S. GAAP; add clarifying
information to the Claims section
regarding the definition of ‘‘claims’’;
add instructions related to Indirect
Claims, including instructions related to
required risk transfers (e.g., guarantees,
insurance policies, and head offices),
collateralized claims, debt and equity
securities, netting and offsetting,
reporting credit derivatives, and
treatment of multi-name credit
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17:34 Aug 17, 2021
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derivatives; and add specific
instructions for allocating claims to the
rows. The agencies agree with the
commenter’s suggestions and will revise
the FFIEC 019 instructions accordingly.
The comment did not object to the
agencies’ proposed revisions to the
FFIEC 019, and therefore the agencies
will adopt those revisions as proposed.
III. Request for Comment
Public comment is requested on all
aspects of this notice. Comment is also
specifically invited on:
a. Whether the information collection
is necessary for the proper performance
of the agencies’ functions, including
whether the information has practical
utility;
b. The accuracy of the agencies’
estimate 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;
d. Ways to minimize the burden of the
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or start up costs
and costs of operation, maintenance,
and purchase of services to provide
information.
Comments submitted to the Board in
response to this notice will be shared
with the other agencies. All comments
will become a matter of public record.
Board of Governors of the Federal Reserve
System.
Ann Misback,
Secretary of the Board.
[FR Doc. 2021–17739 Filed 8–17–21; 8:45 am]
46253
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 September 17, 2021.
A. Federal Reserve Bank of Atlanta
(Erien O. Terry, Assistant Vice
President) 1000 Peachtree Street NE,
Atlanta, Georgia 30309. Comments can
also be sent electronically to
Applications.Comments@atl.frb.org:
1. Lafayette Banking Company, Mayo,
Florida; to become a bank holding
company by acquiring Lafayette State
Bank, Mayo, Florida.
Board of Governors of the Federal Reserve
System, August 13, 2021.
Ann Misback,
Secretary of the Board.
[FR Doc. 2021–17732 Filed 8–17–21; 8:45 am]
BILLING CODE P
FEDERAL RETIREMENT THRIFT
INVESTMENT BOARD
Notice of Board Meeting
BILLING CODE 6210–01–P
August 24, 2021 at 10:00 a.m.
Telephonic. Dial-in (listen
only) information: Number: 1–415–527–
5035, Code: 199 981 0184; or via web:
https://tspmeet.webex.com/tspmeet/
onstage/g.php?MTID=ec2075
faccae9511e93ed59f66aef58ec.
FOR FURTHER INFORMATION CONTACT:
Kimberly Weaver, Director, Office of
External Affairs, (202) 942–1640.
SUPPLEMENTARY INFORMATION:
DATES:
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
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ADDRESSES:
Board Meeting Agenda
Open Session
1. Approval of the July 27, 2021 Board
Meeting Minutes
2. Monthly Reports
(a) Participant Activity Report
(b) Investment Report
(c) Legislative Report
3. Quarterly Reports
E:\FR\FM\18AUN1.SGM
18AUN1
]]>Agencies
[Federal Register Volume 86, Number 157 (Wednesday, August 18, 2021)]
[Notices]
[Page 46253]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-17732]
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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 September 17,
2021.
A. Federal Reserve Bank of Atlanta (Erien O. Terry, Assistant Vice
President) 1000 Peachtree Street NE, Atlanta, Georgia 30309. Comments
can also be sent electronically to [email protected]:
1. Lafayette Banking Company, Mayo, Florida; to become a bank
holding company by acquiring Lafayette State Bank, Mayo, Florida.
Board of Governors of the Federal Reserve System, August 13,
2021.
Ann Misback,
Secretary of the Board.
[FR Doc. 2021-17732 Filed 8-17-21; 8:45 am]
BILLING CODE P
