Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities, 38053 [2023-12384]
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Federal Register / Vol. 88, No. 112 / Monday, June 12, 2023 / Notices
years will be 2,181 hours. This estimate
is derived from the following
calculations:
1. Membership Applications
FHFA estimates that the average
number of applications for Bank
membership submitted annually will be
141 and that the average time to prepare
and submit an application and
supporting materials will be 15 hours.
Accordingly, the estimate for the annual
hour burden associated with
preparation and submission of
applications for Bank membership is
(141 applications × 15 hours per
application) = 2,115 hours.
2. Appeals of Membership Denials
FHFA estimates that the average
number of applicants that have been
denied membership by a Bank that will
appeal such a denial to FHFA will be 1
and that the average time to prepare and
submit an application for appeal will be
50 hours. Accordingly, the estimate for
the annual hour burden associated with
the preparation and submission of
membership appeals is (1 appellants ×
50 hours per application) = 50 hours.
3. Notices of Intent To Withdraw From
Membership
FHFA estimates that the average
number of Bank members submitting a
notice of intent to withdraw from
membership annually will be 4 and that
the average time to prepare and submit
a notice will be 1.5 hours. Accordingly,
the estimate for the annual hour burden
associated with preparation and
submission of notices of intent to
withdraw is (4 withdrawing members ×
1.5 hours per application) = 6 hours.
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4. Requests for Transfer of Membership
to Another Bank District
FHFA estimates that the average
number of Bank members submitting a
request for transfer to another Bank will
be 5 and that the average time to prepare
and submit a request will be 2 hours.
Accordingly, the estimate for the annual
hour burden associated with
preparation and submission of requests
for automatic transfer is (5 transferring
members × 2 hours per request) = 10
hours.
D. Comment Request
FHFA requests written comments on
the following: (1) Whether the collection
of information is necessary for the
proper performance of FHFA functions,
including whether the information has
practical utility; (2) the accuracy of
FHFA’s estimates of the burdens of the
collection of information; (3) ways to
enhance the quality, utility, and clarity
VerDate Sep<11>2014
17:39 Jun 09, 2023
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of the information collected; and (4)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
38053
1. Capital Funding Bancorp, Inc.,
Baltimore, Maryland; to engage de novo
in extending credit and servicing loans,
pursuant to section 225.28(b)(1) of the
Board’s Regulation Y.
Shawn Bucholtz,
Chief Data Officer, Federal Housing Finance
Agency.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–12445 Filed 6–9–23; 8:45 am]
[FR Doc. 2023–12384 Filed 6–9–23; 8:45 am]
BILLING CODE 8070–01–P
BILLING CODE P
FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or
To Acquire Companies Engaged in
Permissible Nonbanking Activities
The companies listed in this notice
have given notice under section 4 of the
Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y, (12
CFR part 225) to engage de novo, or to
acquire or control voting securities or
assets of a company, including the
companies listed below, that engages
either directly or through a subsidiary or
other company, in a nonbanking activity
that is listed in § 225.28 of Regulation Y
(12 CFR 225.28) or that the Board has
determined by Order to be closely
related to banking and permissible for
bank holding companies. Unless
otherwise noted, these activities will be
conducted throughout the United States.
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
question whether the proposal complies
with the standards of section 4 of the
BHC Act.
Unless otherwise noted, comments
regarding the 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 June 26, 2023.
A. Federal Reserve Bank of Richmond
(Brent B. Hassell, Assistant Vice
President), P.O. Box 27622, Richmond,
Virginia 23261. Comments can also be
sent electronically to or
Comments.applications@rich.frb.org:
PO 00000
Frm 00039
Fmt 4703
Sfmt 4703
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 June 26, 2023.
A. Federal Reserve Bank of Boston
(Prabal Chakrabarti, Senior Vice
President), 600 Atlantic Avenue,
Boston, Massachusetts 02210–2204.
Comments can also be sent
electronically to
BOS.SRC.Applications.Comments@
bos.frb.org:
1. Stilwell Activist Investments, L.P.,
Stilwell Activist Fund, L.P., and Stilwell
Partners L.P., together known as The
Stilwell Group, Stilwell Value LLC, as
general partner of each of the limited
partnerships, all of New York, New
York; and Joseph D. Stilwell, San Juan,
Puerto Rico, as managing member of
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[Federal Register Volume 88, Number 112 (Monday, June 12, 2023)]
[Notices]
[Page 38053]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-12384]
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FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or To Acquire Companies Engaged
in Permissible Nonbanking Activities
The companies listed in this notice have given notice under section
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or
control voting securities or assets of a company, including the
companies listed below, that engages either directly or through a
subsidiary or other company, in a nonbanking activity that is listed in
Sec. 225.28 of Regulation Y (12 CFR 225.28) or that the Board has
determined by Order to be closely related to banking and permissible
for bank holding companies. Unless otherwise noted, these activities
will be conducted throughout the United States.
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 question
whether the proposal complies with the standards of section 4 of the
BHC Act.
Unless otherwise noted, comments regarding the 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 June
26, 2023.
A. Federal Reserve Bank of Richmond (Brent B. Hassell, Assistant
Vice President), P.O. Box 27622, Richmond, Virginia 23261. Comments can
also be sent electronically to or [email protected]:
1. Capital Funding Bancorp, Inc., Baltimore, Maryland; to engage de
novo in extending credit and servicing loans, pursuant to section
225.28(b)(1) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-12384 Filed 6-9-23; 8:45 am]
BILLING CODE P
