Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 60242 [2021-23777]
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60242
Federal Register / Vol. 86, No. 208 / Monday, November 1, 2021 / Notices
lotter on DSK11XQN23PROD with NOTICES1
multiplied by burden hours per notice.
As described above, 30 percent of the
burden hours are then assigned to each
of the FDIC, OCC, and the Board, while
10 percent are assigned to FHFA.
The number of appraisers who leave
an AMC annually, either by resigning,
being laid off, or having their licenses
revoked or surrendered, is estimated to
be 4,130. The burden estimate of 0.08
hours per notice is unchanged from the
estimate provided for the currentlyapproved ICR. Therefore, the estimated
total hour burden is: 4,130 notices ×
0.08 hours = 330 hours (rounded to the
nearest whole number). The estimated
burden hours attributable to FHFA are
330 hours × 10 percent = 33 hours.
C. Response to Comments Received
In accordance with the requirements
of 5 CFR 1320.8(d), FHFA published an
initial notice and request for comments
regarding the renewal of the PRA
clearance for this information collection
in the Federal Register on August 23,
2021 (60-day notice).22 The 60-day
comment period closed on October 22,
2021.
FHFA received one comment. The
commenter questioned FHFA’s estimate
that 3,860 entities meet the regulatory
definitions of an AMC. The commenter
stated that ‘‘[b]ased on the federal
definition of an AMC and our
understanding of the number of state
licensed AMCs, this estimate of
approximately 3,860 entities meeting
the definition of an AMC seems
exceedingly high. We believe there are
approximately 300 licensed entities
doing business as AMCs.’’ The
commenter does not provide any detail
to explain how they arrived at their
much lower estimate of 300 compared
to FHFA and FDIC’s 3,860. Their
comment gives no basis to ascertain the
source of the discrepancy, either as to
the underlying data or the analysis of
the regulatory definition of AMCs.
FHFA has reviewed the comment and
continues have confidence in the 3,860
estimate of AMCs. ASC’s 2020 Annual
Report states that ‘‘[a]s of December 31,
2020, the Registry contained 3,417
AMCs.’’ The FDIC’s review determined
that there are 3,854 total active AMCs in
the Registry (both federally and nonfederally regulated) as of June 2021,
which we rounded to 3,860 in our 60day notice. FHFA concurs with the
FDIC’s review of the ASC Registry in
June 2021. Both the FDIC analysis and
the ASC Annual Report substantiate
FHFA’s estimate and confirms our
concurrence with the FDIC’s review.
FHFA remains confident that the
22 See
86 FR 47107 (Aug. 23, 2021).
VerDate Sep<11>2014
18:03 Oct 29, 2021
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number is accurate. Accordingly, FHFA
will not change the number of AMCs in
the 30-day notice.
D. Comments Request
In accordance with the requirements
of 5 CFR 1320.10(a), FHFA is publishing
this second notice to request comments
regarding the following: (1) Whether the
collection of information is necessary
for the proper performance of FHFA
functions, including whether the
information has practical utility; (2) the
accuracy of FHFA’s estimates of the
burdens of the collection of information;
(3) ways to enhance the quality, utility,
and clarity of the information collected;
and (4) 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.
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than December 1, 2021.
A. Federal Reserve Bank of
Minneapolis (Chris P. Wangen,
Assistant Vice President), 90 Hennepin
Avenue, Minneapolis, Minnesota
55480–0291. Comments can also be sent
electronically to MA@mpls.frb.org:
1. American Bancor, Ltd., Dickinson,
North Dakota; to acquire Financial
Security Bank, Kerkhoven, Minnesota.
Board of Governors of the Federal Reserve
System, October 27, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–23777 Filed 10–29–21; 8:45 am]
BILLING CODE P
Kevin Smith,
Chief Information Officer, Federal Housing
Finance Agency.
FEDERAL TRADE COMMISSION
[FR Doc. 2021–23657 Filed 10–29–21; 8:45 am]
SES Performance Review Board
BILLING CODE 8070–01–P
Federal Trade Commission.
ACTION: Notice.
AGENCY:
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
PO 00000
Frm 00045
Fmt 4703
Sfmt 4703
Notice is hereby given of the
appointment of members to the FTC
Performance Review Board.
FOR FURTHER INFORMATION CONTACT:
Vicki Barber (202–326–2700), Chief
Human Capital Officer, Federal Trade
Commission, 600 Pennsylvania Avenue
NW, Washington, DC 20580.
SUPPLEMENTARY INFORMATION:
Publication of the Performance Review
Board (PRB) membership is required by
5 U.S.C. 4314 (c)(4). The PRB reviews
and evaluates the initial appraisal of a
senior executive’s performance by the
supervisor, and makes
recommendations regarding
performance ratings, performance
awards, and pay-for-performance pay
adjustments to the Chair.
The following individuals have been
designated to serve on the Commission’s
Performance Review Board:
Vicki Barber, Chief Human Capital
Officer
Reilly James Dolan, Principle Deputy
General Counsel
Tara Koslov, Deputy Director, Bureau of
Competition
David Robbins, Executive Director, PRB
Chair
Monica Vaca, Deputy Director, Bureau
of Consumer Protection
Michael Vita, Deputy Director, Bureau
of Economics
Kevin Williams, Deputy Executive
Director
SUMMARY:
E:\FR\FM\01NON1.SGM
01NON1
]]>Agencies
[Federal Register Volume 86, Number 208 (Monday, November 1, 2021)]
[Notices]
[Page 60242]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23777]
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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 December 1, 2021.
A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant
Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291.
Comments can also be sent electronically to [email protected]:
1. American Bancor, Ltd., Dickinson, North Dakota; to acquire
Financial Security Bank, Kerkhoven, Minnesota.
Board of Governors of the Federal Reserve System, October 27,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-23777 Filed 10-29-21; 8:45 am]
BILLING CODE P
