Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 8862-8863 [2023-02902]
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8862
Federal Register / Vol. 88, No. 28 / Friday, February 10, 2023 / Notices
SUMMARY OF ESTIMATED ANNUAL BURDEN—Continued
[OMB No. 3064–0177]
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)
3. Residential mortgages: loan-level
information and sponsor’s disclosure of third-party due diligence
report
on
compliance
with
360.6(b)(2)(ii)(B),
12
CFR
360.6(b)(2)(ii)(A) & (B) (Mandatory).
4. Residential mortgages: servicer or
affiliate ownership interests,.
12 CFR 360.6(b)(2)(ii)(C) (Mandatory).
5. Securitization documents, 12 CFR
360.6(c)(7) (Mandatory).
Disclosure (On Occasion) ................
3
3.667
02:00
22
Disclosure (On Occasion) ................
19
4.789
01:00
91
Recordkeeping (On Occasion) .........
28
10.488
01:00
294
Total Annual Burden (Hours): ....
...........................................................
........................
........................
........................
8,337
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Source: FDIC.
General Description of Collection: Part
360.6 of the FDIC’s regulations sets forth
certain conditions that must be satisfied
for a securitization transaction
sponsored by an insured depository
institution to be eligible for special
treatment in the event that the FDIC is
appointed receiver for the sponsor.
Among other conditions, the
securitization documents must require
compliance with certain disclosure
requirements (including the
requirements of Regulation AB of the
Securities and Exchange Commission).
Conditions of eligibility for special
treatment for participations in financial
assets under part 360.6 are also set forth.
Based upon a closer review of the
Rule, the FDIC has re-categorized the
information collection requirements in
12 CFR part 360.6 into five distinct
information collections (ICs) covering:
(1) periodic disclosures of credit
performance or changes to initial
compensation arrangements under 12
CFR 360.6(b)(2)(i)(C) and (D); (2)
disclosures of initial compensation
arrangements and securitization
structure under 12 CFR 360.6(b)(2)(i)(B)
and (D); (3) sponsors’ disclosures of
loan-level information and third-party
due diligence reports for RMBSs under
12 CFR 360.6(b)(2)(ii)(A) and (B); (4)
servicers’ disclosures of servicer or
affiliate ownership interests for
securitizations in which the assets
include residential mortgage loans
under 12 CFR 360.6(b)(2)(ii)(C); and (5)
a recordkeeping requirement that the
closing documents of a securitization be
maintained in a readily accessible form
under 12 CFR 360.6(c)(7). The burden
associated with these five categories are
enumerated in the estimated burden
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table which now identifies the
regulatory authorities for each IC.
While there is no change in the
substance of the information collection,
the ICR is being revised to reflect the recategorization of the PRA requirements
in 12 CFR part 360.6 into five distinct
ICs. The additional IC was added to this
ICR to recognize the periodic credit
performance disclosure requirement.
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 technology.
All comments will become a matter of
public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on February 7,
2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023–02848 Filed 2–9–23; 8:45 am]
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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
§ 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 February 27, 2023.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414
1. The Joy A. Nelson Trust dated
March 12, 2020, Joy A. Nelson, as
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Federal Register / Vol. 88, No. 28 / Friday, February 10, 2023 / Notices
trustee; Jamie Razum, individually and
as custodian for a minor; Kristina
Wendell, individually and as custodian
for a minor; Timothy Nelson, Thomas
Nelson, Richard Razum, and Brad
Wendell, all of Geneva, Illinois; to join
the Nelson Family Control Group, a
group acting in concert, to retain voting
shares of Geneva Bancshares, Inc., and
thereby indirectly retain voting shares of
The State Bank of Geneva, both of
Geneva, Illinois.
2. The A. Gregg Nelson Family Trust
u/a/d March 12, 2020 and the A. Gregg
Nelson Marital GST Exempt Trust
u/a/d March 12, 2020, Joy A. Nelson as
trustee to both trusts, and Timothy
Nelson as special asset manager to both
trusts, all of Geneva, Illinois; to join the
Nelson Family Control Group, a group
acting in concert, to acquire voting
shares of Geneva Bancshares, Inc., and
thereby indirectly acquire voting shares
of The State Bank of Geneva, both of
Geneva, Illinois.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–02902 Filed 2–9–23; 8:45 am]
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FEDERAL RESERVE SYSTEM
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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
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)). If the proposal also
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involves the acquisition of a nonbanking
company, the review also includes
whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843), and interested persons
may express their views in writing on
the standards enumerated in section 4.
Unless otherwise noted, nonbanking
activities will be conducted throughout
the United States.
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 13, 2023.
A. Federal Reserve Bank of New York
(Ivan J. Hurwitz, Head of Bank
Applications) 33 Liberty Street, New
York, New York 10045–0001. Comments
can also be sent electronically to
comments.applications@ny.frb.org:
1. SNBNY Holdings Limited,
Gibraltar, and Safra New York
Corporation, New York, New York; to
acquire Delta North Bankcorp, Inc., and
thereby indirectly acquire Delta
National Bank and Trust Company, both
of New York, New York.
B. Federal Reserve Bank of
Minneapolis (Stephanie Weber,
Assistant Vice President) 90 Hennepin
Avenue, Minneapolis, Minnesota
55480–0291. Comments can also be sent
electronically to MA@mpls.frb.org:
1. GBH Inc., Breslau, Ontario,
Canada; VersaBank, London, Ontario,
Canada, and its wholly owned
subsidiary, VersaHoldings US Corp.
(VersaHoldings), Wilmington, Delaware;
to become bank holding companies by
acquiring Stearns Financial Services,
Inc., Saint Cloud, Minnesota, and
thereby indirectly acquire Stearns Bank
of Holdingford, National Association,
Holdingford, Minnesota.
In addition, GBH Inc.,VersaBank, and
VersaHoldings, through VersaFinance
US Corp., London, Ontario, Canada; to
engage de novo in extending credit and
servicing loans pursuant to section
225.28(b)(1) of Regulation Y.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–02901 Filed 2–9–23; 8:45 am]
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GENERAL SERVICES
ADMINISTRATION
[OMB Control No. 3090–XXXX; Docket No.
2022–0001; Sequence No. 16]
Submission for OMB Review; GSA
Equity Study on Remote Identity
Proofing
Technology Transformation
Services (TTS), General Services
Administration (GSA).
ACTION: Notice of request for comments
regarding a new request for an OMB
clearance.
AGENCY:
Under the provisions of the
Paperwork Reduction Act, GSA will be
submitting to the Office of Management
and Budget (OMB) a request to review
and approve a new information
collection requirement. Respondents to
this information collection will test
several remote identity proofing services
and provide demographic information
to help better understand the behavior
and impacts of remote identity-proofing
technologies.
DATES: Submit comments on or before
March 13, 2023.
ADDRESSES: Written comments and
recommendations for this information
collection should be sent within 30 days
of publication of this notice to
www.reginfo.gov/public/do/PRAMain.
Find this particular information
collection by selecting ‘‘Currently under
Review—Open for Public Comments’’;
or by using the search Function.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information
should be directed to Tiffany Andrews
or Gerardo E. Cruz-Ortiz by phone 202–
969–0772 or via email to
identityequitystudy@gsa.gov.
SUPPLEMENTARY INFORMATION:
SUMMARY:
A. Purpose
The GSA ‘‘Equity Study on Remote
Identity Proofing’’ will assess the impact
of ethnicity, race, gender, income, and
other demographic factors on the
components of identity proofing, which
is the process of verifying that a person
is who they say they are. GSA will test
remote identity-proofing tools that
include both biometric checks using
facial verification technology as well as
non-biometric methods like mobiledevice account ownership and credit
history. NIST’s SP 800–63–3 guidelines
for remote one-to-one identity proofing
serve as a framework for the study.
GSA will publish an anonymized,
peer-reviewed report of our findings, to
help us make informed decisions
regarding identity verification
capabilities. The report will present a
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]]>Agencies
[Federal Register Volume 88, Number 28 (Friday, February 10, 2023)]
[Notices]
[Pages 8862-8863]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-02902]
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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 February 27, 2023.
A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414
1. The Joy A. Nelson Trust dated March 12, 2020, Joy A. Nelson, as
[[Page 8863]]
trustee; Jamie Razum, individually and as custodian for a minor;
Kristina Wendell, individually and as custodian for a minor; Timothy
Nelson, Thomas Nelson, Richard Razum, and Brad Wendell, all of Geneva,
Illinois; to join the Nelson Family Control Group, a group acting in
concert, to retain voting shares of Geneva Bancshares, Inc., and
thereby indirectly retain voting shares of The State Bank of Geneva,
both of Geneva, Illinois.
2. The A. Gregg Nelson Family Trust u/a/d March 12, 2020 and the A.
Gregg Nelson Marital GST Exempt Trust u/a/d March 12, 2020, Joy A.
Nelson as trustee to both trusts, and Timothy Nelson as special asset
manager to both trusts, all of Geneva, Illinois; to join the Nelson
Family Control Group, a group acting in concert, to acquire voting
shares of Geneva Bancshares, Inc., and thereby indirectly acquire
voting shares of The State Bank of Geneva, both of Geneva, Illinois.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-02902 Filed 2-9-23; 8:45 am]
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