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