Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 52050 [2024-13686]
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Federal Register / Vol. 89, No. 120 / Friday, June 21, 2024 / Notices
erroneous reference, the Board proposes
to revise the language from ‘‘amortized
cost’’ to ‘‘market value’’ in the
instructions for line item 4.
Hedge Designations
FR Y–14Q, Schedule B.2, item 15
(ASU 2017–12 Hedge Designations)
currently captures ASU 2017–13 hedge
designations allowed in conjunction
with partial-term hedging election in
ASC 815–20–25–12b(2)(ii). On March
28, 2022, the FASB issued ASU 2022–
01, which established the portfolio layer
method to allow multiple hedged layers
of a closed portfolio, rather than just a
single layer as currently allowed. To be
consistent with ASU 2022–01, the Board
proposes to revise item 15 to reflect the
updated portfolio layer method of hedge
accounting.
ddrumheller on DSK120RN23PROD with NOTICES1
Removal of Field Deemed No Longer
Necessary
FR Y–14Q, Schedule B.2 (Investment
Securities with Designated Accounting
Hedges), item 11 (‘‘Hedged Cash Flow’’)
collects information on the type of cash
flow associated with the hedge if it is a
cash flow hedge. The Board has
determined that this variable is not
needed for modeling or monitoring
purposes, the Board proposes to retire
item 11 from Schedule B.2.
Supplemental
FR Y–14Q, Schedule K
(Supplemental) is intended to capture
gaps in the data collected between the
FR Y–14 and FR Y–9C, and firms
generally do not need to complete all
fields in the schedule. Specifically,
Column A (Immaterial Portfolios)
captures the carrying value of loans in
immaterial or excluded portfolios that
were not reported elsewhere on the FR
Y–14Q of FR Y–14M because they did
not meet the materiality thresholds.
These instructions currently do not
specify whether these portfolios need to
be reported on Schedule K if they were
only reported on one of the FR Y–14Q
or FR Y–14M. Since Schedule K is
intended to capture gaps in collected
data, portfolios that are reported on
either the FR Y–14Q or the FR Y–14M
should not be reported on the schedule,
and the Board proposes to clarify this
existing expectation in the instructions.
Additionally, the instructions for
Column D (Outstanding Balance of
Commercial Real Estate and Corporate
loans under $1M in committed balance)
tell firms to report the outstanding
balance of CRE and corporate loans with
under $1 million in committed balance
for each of the categories that had been
excluded from FR Y–14Q, Schedule H
based solely on commitment size.
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Column D is intended to capture the
sum of the outstanding balance for these
loans with under $1 million in
committed balance in a portfolio that is
reported on Schedule H. Column A is
intended to capture the balance of
immaterial portfolios, not reported on
Schedule H. To remove ambiguity, the
Board proposes to clarify that column D
should only be reported for loans that
are included in a portfolio reported on
Schedule H but were excluded based
solely on commitment size.
Frequency: Annually, quarterly, and
monthly.
Respondents: Bank holding
companies (BHCs), U.S. intermediate
holding companies of foreign banking
organizations (IHCs), and covered
savings and loan holding companies
(SLHCs) with $100 billion or more in
total consolidated assets, as based on (1)
the average of the firm’s total
consolidated assets in the four most
recent quarters as reported quarterly on
the firm’s Consolidated Financial
Statements for Holding Companies (FR
Y–9C; OMB No. 7100–0128) or (2) the
average of the firm’s total consolidated
assets in the most recent consecutive
quarters as reported quarterly on the
firm’s FR Y–9Cs, if the firm has not filed
an FR Y–9C for each of the most recent
four quarters.
Total estimated number of
respondents: 38.
Total estimated change in burden:
21,962 hours.
Total estimated annual burden hours:
848,900.
Board of Governors of the Federal Reserve
System, June 14, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024–13798 Filed 6–20–24; 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
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
PO 00000
Frm 00041
Fmt 4703
Sfmt 9990
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 received are subject to
public disclosure. In general, comments
received will be made available without
change and will not be modified to
remove personal or business
information including confidential,
contact, or other identifying
information. Comments should not
include any information such as
confidential information that would not
be appropriate for public disclosure.
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 July 8, 2024.
A. Federal Reserve Bank of Kansas
City (Jeffrey Imgarten, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri, 64198–0001. Comments
can also be sent electronically to
KCApplicationComments@kc.frb.org:
1. Kathryn Shaun Thompson and
Matthew Thompson, both of Canton,
Oklahoma; to form the Thompson
Family Control Group, a group acting in
concert, to retain voting shares of
Canton Bancshares, Inc., and thereby
indirectly retain voting shares of
Community State Bank of Canton, both
of Canton, Oklahoma.
2. Steven Bond, Canton, Oklahoma; to
retain voting shares of Canton
Bancshares, Inc., and thereby indirectly
retain voting shares of Community State
Bank of Canton, both of Canton,
Oklahoma.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024–13686 Filed 6–20–24; 8:45 am]
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[Federal Register Volume 89, Number 120 (Friday, June 21, 2024)]
[Notices]
[Page 52050]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-13686]
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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 received are subject to public disclosure. In general,
comments received will be made available without change and will not be
modified to remove personal or business information including
confidential, contact, or other identifying information. Comments
should not include any information such as confidential information
that would not be appropriate for public disclosure.
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 July 8, 2024.
A. Federal Reserve Bank of Kansas City (Jeffrey Imgarten, Assistant
Vice President) 1 Memorial Drive, Kansas City, Missouri, 64198-0001.
Comments can also be sent electronically to
[email protected]:
1. Kathryn Shaun Thompson and Matthew Thompson, both of Canton,
Oklahoma; to form the Thompson Family Control Group, a group acting in
concert, to retain voting shares of Canton Bancshares, Inc., and
thereby indirectly retain voting shares of Community State Bank of
Canton, both of Canton, Oklahoma.
2. Steven Bond, Canton, Oklahoma; to retain voting shares of Canton
Bancshares, Inc., and thereby indirectly retain voting shares of
Community State Bank of Canton, both of Canton, Oklahoma.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-13686 Filed 6-20-24; 8:45 am]
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