Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 56421 [2022-19862]
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56421
Federal Register / Vol. 87, No. 177 / Wednesday, September 14, 2022 / Notices
SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0202)—Continued
Number of
responses per
respondent
Number of
respondents
Time per
response
(HH:MM)
Information collection
(obligation to respond)
Type of burden
(frequency of response)
Annual burden
(hours)
9. Request for Extension, 12 CFR
370.6(b) (RtoB).
10. Request for Exemption, 12 CFR
370.8(a) (RtoB).
11. Annual Certification and Report,
12 CFR 370.10(a) (Mandatory).
Reporting (On occasion) ..................
1
1
162:00
162
Reporting (On occasion) ..................
1
1
163:00
163
Reporting (Annual) ...........................
30
1
186:00
5,580
Total Annual Burden (Hours): ....
..........................................................
........................
........................
........................
52,652
Source: FDIC.
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General Description of Collection:
When a bank fails, the FDIC must
provide depositors insured funds ‘‘as
soon as possible’’ after failure while also
resolving the failed bank in the least
costly manner. The 12 CFR part 370
facilitates prompt payment of FDICinsured deposits when large insured
depository institutions fail. The rule
requires insured depository institutions
that have two million or more deposit
accounts (‘‘covered institutions’’), to
maintain complete and accurate data on
each depositor’s ownership interest by
right and capacity for all of the covered
institution’s deposit accounts. The
covered institutions are required to
develop the capability to calculate the
insured and uninsured amounts for each
deposit owner, by ownership right and
capacity, for all deposit accounts. This
data would be used by the FDIC to make
timely deposit insurance determinations
in the event of a covered insured
depository institution’s failure.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours arises almost
entirely from the reduction in the
number of respondents for ICs 1–3
capturing the implementation burdens,
especially the reduction in the number
of covered institutions of Highest
Complexity. The reduction for that IC
alone is almost 400,000 hours per year.
Request for Comment
Comments are invited on: (a) Whether
the collections of information are
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collections,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collections of information
on respondents, including through the
use of automated collection techniques
or other forms of information
VerDate Sep<11>2014
18:31 Sep 13, 2022
Jkt 256001
technology. All comments will become
a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on September 9,
2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022–19803 Filed 9–13–22; 8:45 am]
BILLING CODE 6714–01–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
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 September 29, 2022.
A. Federal Reserve Bank of Atlanta
(Erien O. Terry, Assistant Vice
PO 00000
Frm 00026
Fmt 4703
Sfmt 4703
President) 1000 Peachtree Street NE,
Atlanta, Georgia 30309. Comments can
also be sent electronically to
Applications.Comments@atl.frb.org:
1. Strategic Value Investors, LP;
Strategic Value Bank Partners, LLC;
Strategic Value Opportunities, LP;
Strategic Value Private Partners, LLC;
and Benjamin Mackovak and Martin
Adams, each a managing member of
Strategic Value Bank Partners, LLC, and
Strategic Value Private Partners, LLC,
all of Cleveland, Ohio; as a group acting
in concert, to acquire additional voting
shares of FineMark Holdings, Inc., and
thereby indirectly acquire voting shares
of FineMark National Bank & Trust,
both of Fort Myers, Florida.
B. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. Bernard Bennett Banks, Evanston,
Illinois, as trustee of a to-be-formed
voting trust, Miami, Florida, for the
benefit of Stephen Calk, Miami, Florida;
to acquire voting shares of National
Bancorp Holdings, Inc., and thereby
indirectly acquire voting shares of The
Federal Savings Bank, both of Chicago,
Illinois. This notification replaces and
supersedes the document published on
09–02–2022 at 87 FR 54217.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–19862 Filed 9–13–22; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) invites
SUMMARY:
E:\FR\FM\14SEN1.SGM
14SEN1
]]>Agencies
[Federal Register Volume 87, Number 177 (Wednesday, September 14, 2022)]
[Notices]
[Page 56421]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-19862]
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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 September 29, 2022.
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. Strategic Value Investors, LP; Strategic Value Bank Partners,
LLC; Strategic Value Opportunities, LP; Strategic Value Private
Partners, LLC; and Benjamin Mackovak and Martin Adams, each a managing
member of Strategic Value Bank Partners, LLC, and Strategic Value
Private Partners, LLC, all of Cleveland, Ohio; as a group acting in
concert, to acquire additional voting shares of FineMark Holdings,
Inc., and thereby indirectly acquire voting shares of FineMark National
Bank & Trust, both of Fort Myers, Florida.
B. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. Bernard Bennett Banks, Evanston, Illinois, as trustee of a to-
be-formed voting trust, Miami, Florida, for the benefit of Stephen
Calk, Miami, Florida; to acquire voting shares of National Bancorp
Holdings, Inc., and thereby indirectly acquire voting shares of The
Federal Savings Bank, both of Chicago, Illinois. This notification
replaces and supersedes the document published on 09-02-2022 at 87 FR
54217.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-19862 Filed 9-13-22; 8:45 am]
BILLING CODE P
