Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 11707 [2022-04395]

Download as PDF Federal Register / Vol. 87, No. 41 / Wednesday, March 2, 2022 / Notices Request for Comment on Information Collection Proposal The Board invites public comment on the following information collection, which is being reviewed under authority delegated by the OMB under the PRA. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Board’s functions, including whether the information has practical utility; b. The accuracy of the Board’s estimate of the burden of the proposed 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 information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Board should modify the proposal. lotter on DSK11XQN23PROD with NOTICES1 Proposal Under OMB Delegated Authority To Extend for Three Years, Without Revision, the Following Information Collection Report title: Notice of Proposed Stock Redemption. Agency form number: FR 4008. OMB control number: 7100–0131. Frequency: On occasion. Respondents: Bank holding companies (BHCs). Estimated number of respondents: 6. Estimated average hours per response: 15.5. Estimated annual burden hours: 93. General description of report: The Bank Holding Company Act of 1956 (BHC Act) and Board’s Regulation Y— Bank Holding Companies and Change in Bank Control (12 CFR 225) require a BHC to seek the prior approval of the Board before purchasing or redeeming its equity securities in certain circumstances. Due to the limited information that a BHC must provide in connection with any such request, there is no required reporting form (the FR 4008 designation is for internal purposes only), and each request for prior approval is generally filed 30 days before the proposed stock purchase or redemption as a notification with the VerDate Sep<11>2014 17:34 Mar 01, 2022 Jkt 256001 Reserve Bank that has direct supervisory responsibility for the requesting BHC. The Federal Reserve uses the information provided in the redemption notices to supervise BHCs. Legal authorization and confidentiality: The FR 4008 is authorized pursuant to sections 5(b) and (c) of the Bank Holding Company Act (BHC Act).1 Section 5(b) of the BHC Act, as amended by section 616 of the DoddFrank Wall Street Reform and Consumer Protection Act,2 authorizes the Board to ‘‘issue such regulations and orders, including regulations and orders relating to the capital requirements for bank holding companies, as may be necessary to enable it to administer and carry out the purposes of this chapter and prevent evasions thereof.’’ Section 5(c) of the BHC Act generally authorizes the Board to, among other things, require reports from BHCs on a range of issues. The FR 4008 is required for certain BHCs to obtain the benefit of being able to purchase or redeem their equity securities. Individual respondents may request that data submitted be kept confidential on a case-by-case basis. If a respondent requests confidential treatment, the Board will determine whether the information is entitled to confidential treatment on an ad hoc basis. Requests may include information related to the BHC’s business operations, such as terms and sources of the funding for the redemption and pro forma balance sheets. To the extent that this information constitutes nonpublic commercial or financial information, which is both customarily and actually treated as private by the respondent, it may be kept confidential under exemption 4 of the Freedom of Information Act, which exempts ‘‘trade secrets and commercial or financial information obtained from a person and privileged or confidential.’’ 3 Board of Governors of the Federal Reserve System, February 24, 2022. Michele Taylor Fennell, Deputy Associate Secretary of the Board. 11707 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 March 16, 2022. A. Federal Reserve Bank of Dallas (Karen Smith, Director, Applications) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. The MES 2022 Trust and Marvin Edward Singleton, IV, individually, and as trustee, both of Waxahachie, Texas; to join the Marvin Edward Singleton, III Family Control Group, a group acting in concert, to acquire voting shares of First Citizens Bancshares, Inc., and thereby indirectly acquire voting shares of Citizens National Bank of Texas, both of Waxahachie, Texas. Board of Governors of the Federal Reserve System, February 25, 2022. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–04395 Filed 3–1–22; 8:45 am] BILLING CODE 6210–01–P [FR Doc. 2022–04345 Filed 3–1–22; 8:45 am] FEDERAL RESERVE SYSTEM BILLING CODE 6210–01–P [FR 4004; OMB No. 7100–0112] 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 12 U.S.C. 1844(b) and (c). Public Law 111–203, 124 Stat. 1376 (2010). 3 5 U.S.C. 552(b)(4). 1 2 PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 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 Written AGENCY: E:\FR\FM\02MRN1.SGM 02MRN1

Agencies

[Federal Register Volume 87, Number 41 (Wednesday, March 2, 2022)]
[Notices]
[Page 11707]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-04395]


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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 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 March 16, 2022.
    A. Federal Reserve Bank of Dallas (Karen Smith, Director, 
Applications) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. The MES 2022 Trust and Marvin Edward Singleton, IV, 
individually, and as trustee, both of Waxahachie, Texas; to join the 
Marvin Edward Singleton, III Family Control Group, a group acting in 
concert, to acquire voting shares of First Citizens Bancshares, Inc., 
and thereby indirectly acquire voting shares of Citizens National Bank 
of Texas, both of Waxahachie, Texas.

    Board of Governors of the Federal Reserve System, February 25, 
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-04395 Filed 3-1-22; 8:45 am]
BILLING CODE 6210-01-P