Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 72998 [2022-25910]
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72998
Federal Register / Vol. 87, No. 227 / Monday, November 28, 2022 / Notices
Submission, supporting statements
(which contain more detailed
information about the information
collections and burden estimates than
this notice), and approved collection of
information instrument(s) are available
at https://www.reginfo.gov/public/do/
PRAMain. These documents are also
available on the Federal Reserve Board’s
public website at https://
www.federalreserve.gov/apps/
reportingforms/home/review or may be
requested from the agency clearance
officer, whose name appears above.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
Collection title: Savings Association
Holding Company Report.
Collection identifier: FR LL–(b)11.
OMB control number: 7100–0334.
General description of collection:
Title III of the Dodd-Frank Wall Street
Reform and Consumer Protection Act
transferred to the Board the supervisory
functions of the former Office of Thrift
Supervision related to savings and loan
holding companies (SLHCs) and their
non-depository subsidiaries. Pursuant to
section 10(b) of the Home Owners’ Loan
Act (HOLA), the Board may require
SLHCs to file reports concerning their
operations.
Following the transfer to the Board of
authority to supervise SLHCs, the Board
determined to exempt certain SLHCs
(exempt SLHCs) from regulatory
reporting using the Board’s existing
regulatory reports, including the
Consolidated Financial Statements for
Holding Companies (FR Y–9C; OMB No.
7100–0128) and the Parent Company
Only Financial Statements for Small
Holding Companies (FR Y–9SP; OMB
No. 7100–0128).1 An SLHC is an exempt
SLHC if it (1) meets the requirements of
section 10(c)(9)(C) of HOLA (i.e., it is a
‘‘legacy’’ unitary SLHC) and has
primarily commercial assets, with thrift
assets making up less than 5 percent of
the SLHC’s consolidated assets 2 or (2)
primarily holds insurance-related assets
and does not submit financial reports
with the SEC pursuant to sections 13 or
1 76
FR 81933 (December 29, 2011).
a legacy unitary SLHC is exempt if
(1) as calculated annually as of June 30th, using the
four previous quarters (which includes the quarterended June 30th reporting period), its savings
association subsidiaries’ consolidated assets make
up less than 5 percent of the total consolidated
assets of the legacy SLHC on an enterprise-wide
basis for any of these four quarters and (2) as
calculated annually as of June 30th, using the assets
reported as of June 30th, where more than 50
percent of the assets of the legacy unitary SLHC are
derived from activities that are not otherwise
permissible under HOLA on an enterprise-wide
basis.
khammond on DSKJM1Z7X2PROD with NOTICES
2 Specifically,
VerDate Sep<11>2014
19:33 Nov 25, 2022
Jkt 259001
15(d) of the Securities Exchange Act of
1934.3
The reports filed under this collection
are mostly unstructured and include:
• Securities and Exchange
Commission filings,
• Copies of reports on any company
in their organizational structure
provided to the SLHC by Nationally
Recognized Statistical Rating
Organizations and Securities Analysts,
• Supplemental information for the
Quarterly Savings and Loan Holding
Company Report (FR 2320; OMB No.
7100–0345),
• Information about other materially
important events,
• Financial statements, and
• Exhibits that include the SLHC’s
charter and bylaws or instruments
corresponding thereto.
Frequency: Quarterly,4 annually, and
event-generated.
Respondents: Exempt SLHCs.
Total estimated number of
respondents: 3.
Total estimated annual burden hours:
26.5
Current actions: On August 2, 2022,
the Board published a notice in the
Federal Register (87 FR 47209)
requesting public comment for 60 days
on the extension, without revision, of
the FR LL–(b)11. The comment period
for this notice expired on October 3,
2022. The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, November 22, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–25891 Filed 11–25–22; 8:45 am]
BILLING CODE 6210–01–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
3 Specifically,
an SLHC is considered to primarily
hold insurance-related assets if, as calculated
annually as of June 30th, using the assets reported
as of June 30th, more than 50 percent of the assets
of the SLHC are derived from the business of
insurance on an enterprise-wide basis.
4 The FR LL–(b)11 is filed quarterly except for the
fourth quarter when the respondent is required to
file its annual report.
5 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
Statement posted at https://www.federalreserve.gov/
apps/reportingforms/home/review. On the page
displayed at the link, you can find the OMB
Supporting Statement by referencing the collection
identifier, FR LL–(b)11.
PO 00000
Frm 00039
Fmt 4703
Sfmt 4703
§ 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 December 13, 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
Applications.Comments@atl.frb.org:
1. Nacis John Theriot, Sr., Cut Off,
Louisiana; to retain voting shares of
Lafourche Bancshares, Inc., and thereby
indirectly retain voting shares of South
Lafourche Bank and Trust Company,
both of Larose, Louisiana.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–25910 Filed 11–25–22; 8:45 am]
BILLING CODE P
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
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[Federal Register Volume 87, Number 227 (Monday, November 28, 2022)]
[Notices]
[Page 72998]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25910]
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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 December 13, 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. Nacis John Theriot, Sr., Cut Off, Louisiana; to retain voting
shares of Lafourche Bancshares, Inc., and thereby indirectly retain
voting shares of South Lafourche Bank and Trust Company, both of
Larose, Louisiana.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-25910 Filed 11-25-22; 8:45 am]
BILLING CODE P
