Change in Bank Control Notices; Acquisitions of Shares of a Savings and Loan Holding Company, 91751-91752 [2024-27104]
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Federal Register / Vol. 89, No. 224 / Wednesday, November 20, 2024 / Notices
and submitted a report to Congress as
contemplated by section 211(c)(3) of the
Economic Growth, Regulatory Relief,
and Consumer Protection Act
(EGRRCPA), on the impact on
consumers and markets in the United
States before supporting or consenting
to the adoption of a final international
insurance capital standard. In
accordance with section 211(c)(3)(B)(ii)
of EGRRCPA, the agencies invite
comment on the report.
DATES: Comments must be received by
January 12, 2025.
ADDRESSES: Comments should be
directed to:
Board: You may submit comments,
identified by Docket No. OP–1845 by
any of the following methods:
• Email: regs.comments@
federalreserve.gov. Include the docket
number in the subject line of the
message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
In general, all public comments will
be made available on the Board’s
website at www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm as
submitted, and will not be modified to
remove confidential, contact or any
identifiable information. Public
comments may also be viewed
electronically or in paper in Room M–
4365A, 2001 C St. NW, Washington, DC
20551, between 9 a.m. and 5 p.m.
during Federal business weekdays.
Treasury: Submit comments
electronically through the Federal
eRulemaking Portal at https://
www.regulations.gov, in accordance
with the instructions on that site, or by
mail to the Federal Insurance Office,
Attn: Krishna Kundu, Room 1410 MT,
Department of the Treasury, 1500
Pennsylvania Avenue NW, Washington,
DC 20220. Because postal mail may be
subject to processing delays, it is
recommended that comments be
submitted electronically. If submitting
comments by mail, please submit an
original version with two copies.
Comments should be captioned ‘‘FED–
FIO ICS Impact Study Report.’’ In
general, Treasury will post all
comments to www.regulations.gov
without change, including any business
or personal information provided such
as names, addresses, email addresses, or
telephone numbers. All comments,
including attachments and other
supporting materials, are part of the
public record and subject to public
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disclosure. You should submit only
information that you wish to make
available publicly.
FOR FURTHER INFORMATION CONTACT:
Board: Lara Lylozian, Deputy
Associate Director and Chief
Accountant, (202) 475–6656; or Matt
Walker, Manager, Insurance Supervision
& Regulation, (202) 872–4971, Division
of Supervision and Regulation; or
Dafina Stewart, Deputy Associate
General Counsel, (202) 452–2677;
Andrew Hartlage, Special Counsel, (202)
452–6483; Jonah Kind, Senior Counsel,
(202) 452–2045; or Jasmin Keskinen,
Senior Attorney, (202) 475–6650, Legal
Division, Board of Governors of the
Federal Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551. For users of TTY–TRS, please
call 711 from any telephone, anywhere
in the United States.
Treasury: Krishna Kundu, Senior
Insurance Regulatory Policy Analyst,
FIO, (202) 622–2753; or Mark Schlegel,
Senior Counsel, Office of the General
Counsel, Department of the Treasury,
(202) 622–1027, Department of the
Treasury, 1500 Pennsylvania Avenue
NW, Washington, DC 20220.
SUPPLEMENTARY INFORMATION: Under
section 211(c)(3)(A) of EGRRCPA,1 the
Secretary of the Treasury (the
Secretary), the Chair of the Board (the
Chair), and the Director of FIO must, in
consultation with the National
Association of Insurance
Commissioners, complete a study on,
and submit to Congress a report on the
results of the study, the impact on
consumers and markets in the United
States before supporting or consenting
to the adoption of any final
international insurance capital standard.
In addition, section 211(c)(3)(B)(ii) of
EGRRCPA provides that there shall be
an opportunity for public comment for
a period of 60 days after the date on
which the report is submitted to
Congress.2 Previously, the Secretary, the
Chair, and the Director of FIO provided
public notice before commencing to
draft the report, as required by section
211(c)(3)(B)(i) of EGRRCPA.3 In
connection with this request for
comment, the Secretary, the Chair, and
the Director of FIO are also providing
public notice that the draft of the report
is completed, as required by section
211(c)(3)(B)(i) of EGRRCPA.
As background, the International
Association of Insurance Supervisors
(IAIS) is developing the Insurance
Capital Standard (ICS) as a consolidated
group-wide capital standard for
1 31
U.S.C. 313 note.
2 Id.
3 89
PO 00000
FR 57154 (July 12, 2024).
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91751
internationally active insurance groups,
to create a common language for
insurance supervisors and enhance
global convergence on insurance capital
regulation.4 The IAIS also is assessing
whether the Aggregation Method
developed by the United States provides
comparable outcomes to the ICS. If so,
it will be considered an outcomeequivalent approach for implementation
of the ICS as a prescribed capital
requirement.5
On November 13, 2024, the Secretary,
the Chair, and the Director of FIO
submitted to Congress the report
contemplated in section 211(c)(3)(A) of
EGRRCPA. Pursuant to section
211(c)(3)(C) of EGRRCPA, the Secretary,
the Chair, and the Director of FIO also
submitted the report to the Comptroller
General of the United States for review.
A copy of the report is available at
https://www.federalreserve.gov/
publications/the-impact-of-theinternational-insurance-capitalstandard-on-consumers-and-markets-inthe-united-states.htm. The agencies
invite public comment on the report.
Interested persons should direct their
comments as provided above in this
notice. Comments must be received by
January 12, 2025.
Kayla Arslanian,
Executive Secretary, Department of the
Treasury.
Steven E. Seitz,
Director, Federal Insurance Office,
Department of the Treasury.
By order of the Chair of the Board of
Governors of the Federal Reserve System.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2024–27005 Filed 11–19–24; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Savings
and Loan Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (‘‘Act’’) (12 U.S.C. 1817(j))
and of the Board’s Regulation LL (12
CFR 238.31) to acquire shares of a
savings and loan holding company. The
factors that are considered in acting on
4 International Association of Insurance
Supervisors, https://www.iaisweb.org/activitiestopics/standard-setting/insurance-capitalstandard/.
5 IAIS statement, ‘‘The IAIS begins the AM
comparability assessment,’’ October 17, 2023,
https://www.iaisweb.org/uploads/2023/10/IAISstatement-IAIS-begins-the-AM-comparabilityassessment.pdf.
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91752
Federal Register / Vol. 89, No. 224 / Wednesday, November 20, 2024 / Notices
khammond on DSK9W7S144PROD with NOTICES
the notices are set forth in paragraph 6
of the Act (12 U.S.C. 1817(j)(6)).
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 6 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 December 5, 2024.
A. Federal Reserve Bank of
Philadelphia (William Spaniel, Senior
Vice President) 100 North 6th Street,
Philadelphia, Pennsylvania 19105–
1521. Comments can also be sent
electronically to
Comments.applications@phil.frb.org:
1. Nicholas A. Frungillo Jr., as trustee
of a to-be-formed voting trust, both of
Mountainside, New Jersey, for the
benefit of Mark Silber; to acquire voting
shares of Vecta, Inc., New York, New
York, and thereby indirectly acquire
voting shares of Sunnyside Federal
Savings and Loan Association of
Irvington, Irvington, New York.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Associate Secretary of the Board.
[FR Doc. 2024–27104 Filed 11–19–24; 8:45 am]
BILLING CODE P
Committee charge, and begin the
Committee’s work.
GENERAL SERVICES
ADMINISTRATION
[Notice-MRB–2024–08; Docket No. 2024–
0002; Sequence No. 54]
Notice of Acquisition Policy Federal
Advisory Committee Upcoming WebBased Public Meeting
Office of Government-wide
Policy (OGP), General Services
Administration (GSA).
ACTION: Notice.
AGENCY:
GSA is providing notice of a
meeting of the GSA Acquisition Policy
Federal Advisory Committee
(hereinafter ‘‘the Committee’’ or ‘‘the
GAP FAC’’) in accordance with the
requirements of the Federal Advisory
Committee Act (FACA), as amended.
This meeting will be open to the public,
accessible via webcast. Information on
attending and providing written and
oral public comment is under the
SUPPLEMENTARY INFORMATION section.
DATES: The GAP FAC will hold an open
public meeting on Thursday, December
5, 2024, from 11 a.m. to 1 p.m. eastern
standard time (EST).
ADDRESSES: The meeting will be
accessible via webcast. Registrants are
required to register to receive the
webcast information before the meeting.
FOR FURTHER INFORMATION CONTACT:
Stephanie Hardison, Designated Federal
Officer, OGP, 202–258–6823, or David
Cochennic, Deputy Designated Federal
Officer,OGP, 904–403–0829, or email:
gapfac@gsa.gov. Additional information
about the Committee, including meeting
materials and agendas, are available online at https://gsa.gov/policyregulations/policy/acquisition-policy/
gsa-acquisition-policy-federal-advisorycommittee.
SUMMARY:
The GAP
FAC serves as an advisory body to
GSA’s Administrator, providing
guidance on how GSA can utilize its
acquisition tools and authorities to
target the highest priority challenges in
federal procurement. The GAP FAC will
focus on advising GSA on regulatory,
policy and procedural reforms that will
facilitate policy development and
strategies for integrating emerging
technological considerations in the
federal acquisition process. Through
these efforts, the GAP FAC aims to
facilitate impactful advancements that
drive innovation in federal
procurement.
SUPPLEMENTARY INFORMATION:
Purpose of the Meeting
The purpose of this meeting is to
provide introductions, discuss the
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Meeting Agenda
• Welcome and Opening remarks
• GAP FAC Purpose & Goals
• Expert Speaker or Presentation
• Review of Priorities and Discussion
• Public Comments
• Summary and Next Steps
• Closing Remarks and Adjournment
Meeting Registration
The meeting is open to the public and
the meeting will be accessible by
webcast. Registration information is
located on the GAP FAC website:
https://www.gsa.gov/policy-regulations/
policy/acquisition-policy/gsaacquisition-policy-federal-advisorycommittee. Public attendees who want
to attend virtually will need to register
no later than 5 p.m. EST, on December
4, 2024 to obtain the meeting webcast
information. All registrants will be
asked to provide their name, affiliation,
and email address. After registration,
individuals will receive webcast access
information details via email.
Public Comment
Written and oral comments are being
accepted throughout the life of the
Committee. Written comments can be
sent to gapfac@gsa.gov. For written
comments specific to this public
meeting, submit the comment via email
by December 4, 2024 with the meeting
date in the subject line. Written
comments submitted after December 4,
2024 will be provided to the Committee
members, but please be advised that
Committee members may not have
adequate time to consider the comments
prior to the meeting. Public participants
will be given the opportunity to provide
oral comments during the meeting. Oral
comments will be captured on the
meeting recording and posted to the
GAP FAC website once the meeting
materials are approved.
Special Accommodations
For information on services for
individuals with disabilities, or to
request accommodation of a disability,
please contact the Designated Federal
Officer at least 10 business days prior to
the meeting to give GSA as much time
as possible to process the request.
Closed captioning and live ASL
interpreter services will be available.
Jeffrey A. Koses,
Senior Procurement Executive and Acting
Chief Acquisition Officer, Office of
Government-wide Policy, General Services
Administration.
[FR Doc. 2024–27069 Filed 11–19–24; 8:45 am]
BILLING CODE 6820–61–P
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Agencies
[Federal Register Volume 89, Number 224 (Wednesday, November 20, 2024)]
[Notices]
[Pages 91751-91752]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-27104]
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FEDERAL RESERVE SYSTEM
Change in Bank Control Notices; Acquisitions of Shares of a
Savings and Loan Holding Company
The notificants listed below have applied under the Change in Bank
Control Act (``Act'') (12 U.S.C. 1817(j)) and of the Board's Regulation
LL (12 CFR 238.31) to acquire shares of a savings and loan holding
company. The factors that are considered in acting on
[[Page 91752]]
the notices are set forth in paragraph 6 of the Act (12 U.S.C.
1817(j)(6)).
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 6 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 December 5, 2024.
A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521. Comments can also be sent electronically to
[email protected]:
1. Nicholas A. Frungillo Jr., as trustee of a to-be-formed voting
trust, both of Mountainside, New Jersey, for the benefit of Mark
Silber; to acquire voting shares of Vecta, Inc., New York, New York,
and thereby indirectly acquire voting shares of Sunnyside Federal
Savings and Loan Association of Irvington, Irvington, New York.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Associate Secretary of the Board.
[FR Doc. 2024-27104 Filed 11-19-24; 8:45 am]
BILLING CODE P