Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 1147-1148 [2022-00215]
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Federal Register / Vol. 87, No. 6 / Monday, January 10, 2022 / Notices
unbundling obligations in a more
targeted manner where requesting
carriers have undertaken their own
facilities-based investments and will be
using UNEs (unbundled network
elements) in conjunction with selfprovisioned facilities. The Commission
also eliminated the subdelegation of
authority to state commissions adopted
in the previous order. Prior to the
issuance of the Order, the Commission
sought comment on issues relating to
combinations of UNEs, called
‘‘enhanced extended links’’ (EELs), in
order to effectively tailor access to EELs
to those carriers seeking to provide
significant local usage to end users. In
the Order, the Commission adopted
three specific service eligibility criteria
for access to EELs in accordance with
Commission rules.
Federal Communications Commission.
Katura Jackson,
Federal Register Liaison, Office of the
Secretary.
[FR Doc. 2022–00141 Filed 1–7–22; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
khammond on DSKJM1Z7X2PROD with NOTICES
TIME AND DATE:
Thursday, January 13, 2022 at 10:00
a.m.
PLACE:
Virtual meeting. Note: because of the
COVID–19 pandemic, we will conduct
the open meeting virtually. If you would
like to access the meeting, see the
instructions below.
STATUS:
This meeting will be open to the
public. To access the virtual meeting, go
to the commission’s website
www.fec.gov and click on the banner to
be taken to the meeting page.
MATTERS TO BE CONSIDERED:
Welcoming Remarks
Motion to Instruct Staff to Prepare an
Amended Form 1 Acknowledging
Independent Expenditure-Only and
Hybrid Committees
Draft Advisory Opinion 2021–13:
Matthew P. Hoh
Management and Administrative
Matters
CONTACT PERSON FOR MORE INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
Authority: Government in the
Sunshine Act, 5 U.S.C. 552b.
Laura E. Sinram,
Acting Secretary and Clerk of the
Commission.
[FR Doc. 2022–00350 Filed 1–6–22; 4:15 pm]
BILLING CODE 6715–01–P
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FEDERAL HOUSING FINANCE
AGENCY
[No. 2022–N–1]
Notice of Annual Adjustment of the
Cap on Average Total Assets That
Defines Community Financial
Institutions
Federal Housing Finance
Agency.
ACTION: Notice.
AGENCY:
The Federal Housing Finance
Agency (FHFA) has adjusted the cap on
average total assets that is used in
determining whether a Federal Home
Loan Bank (Bank) member qualifies as
a ‘‘community financial institution’’
(CFI) to $1,323,000,000, based on the
annual percentage increase in the
Consumer Price Index for all urban
consumers (CPI–U), as published by the
Department of Labor (DOL). These
changes took effect on January 1, 2022.
FOR FURTHER INFORMATION CONTACT:
Janna Bruce, Division of Federal Home
Loan Bank Regulation, (202) 649–3202,
Janna.Bruce@fhfa.gov; or Lindsay
Spadoni, Senior Counsel, (202) 649–
3634, Lindsay.Spadoni@fhfa.gov, (not
toll-free numbers), Federal Housing
Finance Agency, Constitution Center,
400 Seventh Street SW, Washington, DC
20219.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Statutory and Regulatory Background
The Federal Home Loan Bank Act
(Bank Act) confers upon insured
depository institutions that meet the
statutory definition of a CFI certain
advantages over non-CFI insured
depository institutions in qualifying for
Bank membership, and in the purposes
for which they may receive long-term
advances and the collateral they may
pledge to secure advances.1 Section
2(10)(A) of the Bank Act and § 1263.1 of
FHFA’s regulations define a CFI as any
Bank member the deposits of which are
insured by the Federal Deposit
Insurance Corporation and that has
average total assets below the statutory
cap.2 The Bank Act was amended in
2008 to set the statutory cap at $1
billion and to require FHFA to adjust
the cap annually to reflect the
percentage increase in the CPI–U, as
published by the DOL.3 For 2021, FHFA
set the CFI asset cap at $1,239,000,000,
which reflected a 1.2 percent increase
1 See
12 U.S.C. 1424(a), 1430(a).
12 U.S.C. 1422(10)(A); 12 CFR 1263.1.
3 See 12 U.S.C. 1422(10)(B); 12 CFR 1263.1
(defining the term ‘‘CFI asset cap’’).
2 See
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1147
over 2020, based upon the increase in
the CPI–U between 2019 and 2020.4
II. The CFI Asset Cap for 2022
As of January 1, 2022, FHFA
increased the CFI asset cap to
$1,323,000,000, which reflects a 6.8
percent increase in the unadjusted CPI–
U from November 2020 to November
2021. Consistent with the practice of
other Federal agencies, FHFA bases the
annual adjustment to the CFI asset cap
on the percentage increase in the CPI–
U from November of the year prior to
the preceding calendar year to
November of the preceding calendar
year, because the November figures
represent the most recent available data
as of January 1st of the current calendar
year. The new CFI asset cap was
obtained by applying the percentage
increase in the CPI–U to the unrounded
amount for the preceding year and
rounding to the nearest million, as has
been FHFA’s practice for all previous
adjustments.
In calculating the CFI asset cap, FHFA
uses CPI–U data that have not been
seasonally adjusted (i.e., the data have
not been adjusted to remove the
estimated effect of price changes that
normally occur at the same time and in
about the same magnitude every year).
The DOL encourages use of unadjusted
CPI–U data in applying ‘‘escalation’’
provisions such as that governing the
CFI asset cap, because the factors that
are used to seasonally adjust the data
are amended annually, and seasonally
adjusted data that are published earlier
are subject to revision for up to five
years following their original release.
Unadjusted data are not routinely
subject to revision, and previously
published unadjusted data are only
corrected when significant calculation
errors are discovered.
Louis M. Scalza,
Acting Deputy Director, Division of Federal
Home Loan Bank Regulation, Federal Housing
Finance Agency.
[FR Doc. 2022–00197 Filed 1–7–22; 8:45 am]
BILLING CODE 8070–01–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
4 See
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86 FR 6650 (Jan. 22, 2021).
10JAN1
1148
Federal Register / Vol. 87, No. 6 / Monday, January 10, 2022 / Notices
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 January 25, 2022.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. John Ruan IV, Des Moines, Iowa;
James H. Windsor IV, Chicago, Illinois;
and Jonathan Hale Hoak, Dallas, Texas;
to join Thomas R. Schaefer, Stuart,
Florida, as members of a Family
Business Advisory Board for The Ruan
Trust and The Ruan BTC Trust, both of
Des Moines, Iowa, John Ruan IV, as
trustee of both trusts, as a group acting
in concert to retain voting shares of BTC
Financial Corporation, and thereby
indirectly retain voting shares of
Bankers Trust Company, both of Des
Moines, Iowa.
Board of Governors of the Federal Reserve
System, January 5, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–00215 Filed 1–7–22; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
khammond on DSKJM1Z7X2PROD with NOTICES
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
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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 February 9, 2022.
A. Federal Reserve Bank of New York
(Ivan Hurwitz, Senior Vice President) 33
Liberty Street, New York, New York
10045–0001. Comments can also be sent
electronically to
Comments.applications@ny.frb.org:
1. TBB Investments LLC and TBB
Intermediate LLC; to become bank
holding companies by acquiring
Berkshire Bancorp, Inc., and thereby
indirectly acquiring Berkshire Bank, all
of New York, New York. In addition,
TBB Intermediate LLC, to merge with
and into Berkshire Bancorp, Inc.
B. Federal Reserve Bank of Kansas
City (Jeffrey Imgarten, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Clarkson Bancshares, LLC; to
become a bank holding company by
acquiring Clarkson Bankboth of
Clarkson, Nebraska.
C. Federal Reserve Bank of Dallas
(Karen Smith, Director, Applications)
2200 North Pearl Street, Dallas, Texas
75201–2272:
1. Animo Bancorp, Inc., Ganado,
Texas; to become a bank holding
company, by acquiring Ganado
Bancshares, Inc, and thereby indirectly
acquiring The Citizens State Bank of
Ganado, both of Ganado, Texas.
Board of Governors of the Federal Reserve
System, January 5, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–00214 Filed 1–7–22; 8:45 am]
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DEPARTMENT OF DEFENSE
GENERAL SERVICES
ADMINISTRATION
NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
[OMB Control No. 9000–0059; Docket No.
2022–0053; Sequence No. 1]
Information Collection; North Carolina
Sales Tax Certification
Department of Defense (DoD),
General Services Administration (GSA),
and National Aeronautics and Space
Administration (NASA).
ACTION: Notice and request for
comments.
AGENCY:
In accordance with the
Paperwork Reduction Act of 1995, and
the Office of Management and Budget
(OMB) regulations, DoD, GSA, and
NASA invite the public to comment on
an extension concerning North Carolina
sales tax certification. DoD, GSA, and
NASA invite comments on: Whether the
proposed collection of information is
necessary for the proper performance of
the functions of Federal Government
acquisitions, including whether the
information will have practical utility;
the accuracy of the estimate of the
burden of the proposed information
collection; ways to enhance the quality,
utility, and clarity of the information to
be collected; and ways to minimize the
burden of the information collection on
respondents, including the use of
automated collection techniques or
other forms of information technology.
OMB has approved this information
collection for use through March 31,
2022. DoD, GSA, and NASA propose
that OMB extend its approval for use for
three additional years beyond the
current expiration date.
DATES: DoD, GSA, and NASA will
consider all comments received by
March 11, 2022.
ADDRESSES: DoD, GSA, and NASA
invite interested persons to submit
comments on this collection through
https://www.regulations.gov and follow
the instructions on the site. This website
provides the ability to type short
comments directly into the comment
field or attach a file for lengthier
comments. If there are difficulties
submitting comments, contact the GSA
Regulatory Secretariat Division at 202–
501–4755 or GSARegSec@gsa.gov.
Instructions: All items submitted
must cite OMB Control No. 9000–0059,
North Carolina Sales Tax Certification.
Comments received generally will be
posted without change to https://
www.regulations.gov, including any
SUMMARY:
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]]>Agencies
[Federal Register Volume 87, Number 6 (Monday, January 10, 2022)]
[Notices]
[Pages 1147-1148]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-00215]
=======================================================================
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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 Sec. 225.41 of the Board's
Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank
holding company. The factors
[[Page 1148]]
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 January 25, 2022.
A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. John Ruan IV, Des Moines, Iowa; James H. Windsor IV, Chicago,
Illinois; and Jonathan Hale Hoak, Dallas, Texas; to join Thomas R.
Schaefer, Stuart, Florida, as members of a Family Business Advisory
Board for The Ruan Trust and The Ruan BTC Trust, both of Des Moines,
Iowa, John Ruan IV, as trustee of both trusts, as a group acting in
concert to retain voting shares of BTC Financial Corporation, and
thereby indirectly retain voting shares of Bankers Trust Company, both
of Des Moines, Iowa.
Board of Governors of the Federal Reserve System, January 5,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-00215 Filed 1-7-22; 8:45 am]
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