Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 89692 [2023-28666]
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89692
Federal Register / Vol. 88, No. 248 / Thursday, December 28, 2023 / Notices
khammond on DSKJM1Z7X2PROD with NOTICES
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, With Revision, of the Following
Information Collection
Collection title: Single-Counterparty
Credit Limits.
Collection identifier: FR 2590.
OMB control number: 7100–0377.
Effective Date: June 30, 2024.
General description of collection: The
FR 2590 was implemented in
connection with the Board’s singlecounterparty credit limits rule (SCCL
rule),1 codified in the Board’s
Regulation YY—Enhanced Prudential
Standards (12 CFR part 252) 2 and the
Board’s Regulation LL—Savings and
Loan Holding Companies (12 CFR part
238).3
The information collected by the FR
2590 reporting form allows the Board to
monitor a covered company’s or a
covered foreign entity’s compliance
with the SCCL rule. In addition to the
reporting form, the FR 2590 information
collection incorporates notice
requirements pertaining to requests that
may be made by a covered company or
covered foreign entity to request
temporary relief from specific
requirements of the SCCL rule, as well
as a requirement that filers of the FR
2590 reporting form retain an exact copy
of each completed FR 2590.
Frequency: Quarterly, eventgenerated.
Respondents: Covered company or
covered foreign entity. A covered
company is any U.S. bank holding
company that is subject to Category I, II,
or III standards or any savings and loan
holding company that is subject to
Category II or III standards. A covered
foreign entity is a foreign banking
organization (FBO) that is subject to
Category II or III standards or that has
total global consolidated assets of $250
billion or more, and any U.S.
intermediate holding company that is
subject to Category II or III standards.
Total estimated number of
respondents: 83.
Estimated average hours per response:
Reporting FR 2590 Form: 170.56.
Reporting Requests for temporary
relief: 10.
Recordkeeping: 0.25.
Total estimated change in burden: 0.
Total estimated annual burden hours:
56,719.4
1 83 FR 38460 (August 6, 2018). See also 84 FR
59032 (November 1, 2019) (finalizing the SCCL rule
for Savings and Loan Holding Companies).
2 See 12 CFR part 252, subparts H and Q.
3 See 12 CFR part 238, subpart Q.
4 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
VerDate Sep<11>2014
20:14 Dec 27, 2023
Jkt 262001
Current actions: On September 11,
2023, the Board published a notice in
the Federal Register (88 FR 62364)
requesting public comment for 60 days
on the extension, with revision, of the
FR 2590. The Board proposed to revise
the FR 2590 reporting form to clarify
that an FBO that meets the large
exposure standards on a consolidated
basis established by its home-country
supervisor is not required to provide
additional documentation as part of its
FR 2590 submission. The Board also
proposed to clarify that a respondent
should use tier 1 capital data and total
consolidated assets data that is
concurrent with its FR 2590 submission
when calculating and reporting
compliance with the SCCL rule. The
Board also proposed to clarify that
respondents should retain manually
signed and attested copies of the cover
page of the FR 2590 form and of the data
submitted for three years, in accordance
with similar requirements for other
regulatory reports. The Board also
proposed to clarify that the order of
counterparties should be the same
across Schedules G–1 through G–4,
Schedules M–1 through M–2, and the
Summary of Net Credit Exposures.
Finally, the Board proposed to revise
Schedule M–1 by adding an additional
table for firms calculating derivative
transaction exposures using the
standardized approach for counterparty
credit risk to report collateral received
in connection with those derivative
transactions. The comment period for
this notice expired on November 13,
2023. The Board did not receive any
comments relevant to the revision of
this collection or to the PRA. The
revisions will be implemented as
proposed.
Board of Governors of the Federal Reserve
System, December 22, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–28683 Filed 12–27–23; 8:45 am]
BILLING CODE 6210–01–P
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 January 12, 2024.
A. Federal Reserve Bank of St. Louis
(Holly A. Rieser, Senior Manager) P.O.
Box 442, St. Louis, Missouri 63166–
2034. Comments can also be sent
electronically to
Comments.applications@stls.frb.org:
1. Christy Jones, Kevin Jones, and the
Franklin D. & Donna L. Lewis Trust dtd
06/21/2004, Franklin D. Lewis and
Donna L. Lewis as co-trustees, all of
Marshfield, Missouri; Nathan Lewis,
Liberty, Missouri; Thomas Lewis,
Wentzville, Missouri; William R. Lewis,
and Sue Ann Lewis, both of Lebanon,
Missouri; as a group acting in concert,
to retain voting shares of Cornerstone
Bancshares, Inc., and thereby indirectly
retain voting shares of Heritage Bank of
the Ozarks, both of Lebanon, Missouri.
Board of Governors of the Federal
Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
FEDERAL RESERVE SYSTEM
[FR Doc. 2023–28666 Filed 12–27–23; 8:45 am]
BILLING CODE P
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
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 2590.
PO 00000
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GENERAL SERVICES
ADMINISTRATION
[Notice–MRB–2023–07; Docket No. 2023–
0002; Sequence No. 47]
GSA Acquisition Policy Federal
Advisory Committee; Notification of
Upcoming Web-Based Public Meeting
Office of Government-wide
Policy (OGP), General Services
Administration (GSA).
AGENCY:
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[Federal Register Volume 88, Number 248 (Thursday, December 28, 2023)]
[Notices]
[Page 89692]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-28666]
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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 January 12, 2024.
A. Federal Reserve Bank of St. Louis (Holly A. Rieser, Senior
Manager) P.O. Box 442, St. Louis, Missouri 63166-2034. Comments can
also be sent electronically to [email protected]:
1. Christy Jones, Kevin Jones, and the Franklin D. & Donna L. Lewis
Trust dtd 06/21/2004, Franklin D. Lewis and Donna L. Lewis as co-
trustees, all of Marshfield, Missouri; Nathan Lewis, Liberty, Missouri;
Thomas Lewis, Wentzville, Missouri; William R. Lewis, and Sue Ann
Lewis, both of Lebanon, Missouri; as a group acting in concert, to
retain voting shares of Cornerstone Bancshares, Inc., and thereby
indirectly retain voting shares of Heritage Bank of the Ozarks, both of
Lebanon, Missouri.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-28666 Filed 12-27-23; 8:45 am]
BILLING CODE P
